Private jet charters Blackjet
, Blue Star Jets
, Beacon, and others, have ended operations in recent months, citing funding difficulties as well as problems securing planes.
Many of the new jet charter businesses have tried to jump on the popularity of the "shared economy," with some comparing themselves to the ride-hailing business Uber. The private jet businesses have also promoted themselves as a way to avoid long airport security lines.
But according to industry experts, too many of the charters either overestimated the demand or underestimated the funding needed to keep the businesses in the air.
The Los Angeles Times article here