Wayfarer

June 28, 2010 - 11:57am

On June 11, charter/management company Wayfarer Aviation received bridge financing from Arcadia Aviation to continue operations, then four days later Arcadia president Robert Garrett announced that it had signed a purchase agreement to buy Wayfarer Aviation.

June 11, 2010 - 4:57am

Wayfarer Aviation is closing tomorrow, after having let go most of its employees earlier this week. The company was formed last year from the , which attempted to build a nationwide charter/management company by buying nearly a dozen charter firms. However, the timing was disastrous because the complex consolidation was still under way as the economy faltered in 2008.

June 10, 2010 - 12:15pm

Wayfarer Aviation is closing tomorrow, after having let go most of its employees earlier this week. The company was formed last year from the assets of bankrupt JetDirect Aviation, which attempted to build a nationwide charter/management company by buying nearly a dozen charter firms. However, the timing was disastrous because the complex consolidation was still under way as the economy faltered in 2008.

April 29, 2009 - 7:27am

The soaring enterprise that started as JetDirect Aviation and grew into a charter/ management operator of 300 aircraft by swallowing up some of the biggest names in the charter industry is no more. On April 17, JetDirect Aviation founder, chairman and CEO Greg Campbell informed employees that JetDirect “will cease to operate; therefore all positions have been eliminated.”

April 21, 2009 - 12:11pm

On Friday, JetDirect Aviation chairman and CEO Greg Campbell notified employees that their jobs were terminated and that JetDirect has “ceased to operate.” Shortly after that notification, Wayfarer Aviation announced it had purchased “substantially all the assets of JetDirect Aviation.” Wayfarer Aviation is the new name for J

 
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