AINaudiocast: Ed Iacobucci, DayJet

AINalerts » May 8, 2008
May 8, 2008, 12:17 PM

On Tuesday, Boca Raton, Fla.-based DayJet made the difficult decision to put its growth plans on hold after not being able to obtain another $50 million in funding to move to the next stage. As a result, the per-seat, on-demand air-taxi operator laid off 100 of its roughly 260 employees and now plans to sell or lease out 16 of its 28 Eclipse 500s. Listen to DayJet president and CEO Ed Iacobucci tell the story in his own words.

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