The past year or so the news releases of all their “expansion” and big boy plans have been all over the place. They had big plans to take the company public and a Special Purpose Acquisition Company, (SPAC) was formed. The SPAC was later to be dissolved as the major investor apparently said “I’m not touching you with a ten foot pole!”. Pilots have been laid off. Aircraft are in mothballs with several of them at KISM. Check out their list of flights in recent times. There were usually 10-15 per day. Now its down to one or two, if that. I guess a business model with a “novelty” jet just didn’t work, right? They just couldn’t sell jet transportation using equipment with minimal capacity, minimal range, minimal speed and minimal creature comforts, all for a huge big boy price, could they???
