Picking over the pieces of DayJet - Triangle Business Journal:

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After failing to generate enough revenue or secure additional theBoca Raton-based air taxi pioneerr on Nov. 14 filede for bankruptcy liquidation less than a year after itbegann operating. It listed more than $23 million in liabilitieas and $17 million in assets. DayJet, foundefd by Ed Iacobucci, who also startee software giant , used a new softwarr scheduling system toprovide per-seat, on-demand flights to smalledr airports. Albuquerque, N.M.-based , which suppliede DayJet with its aircraft, had the largest bankruptcy clai mat $16 million. Eclipse filecd for bankruptcy shortlyafter DayJet.
The 28 Eclipse jets that madeup DayJet’s fleetr were foreclosed on and sold earliet this year, said George Miller, bankruptc y trustee. Miller said he heard from industrg sources that each jet sold for about They costabout $1.1 millio n when new. Stuart an aviation consultant withCoral Gables-based Klaskin, Kushner Co., said he also hearrd the planes were sold for about That would have been a good deal for the seller if buyera face problems getting the planes serviced, Klaskijn added. Next up for sale is a mishmash of properthy that DayJet forfeited to its landlord when it left the Boca Ratob Research and Development Parknear .
The Boca R&D Project 7 LLC will conducg a public sale at10 a.m. on June 18. The landlords did not immediately return callfor but, among other a public for-sale notice lists computers, printers, office furniture, a stainlesas steel refrigerator and 14 airplane tires. Klaskin, who said he has studiedc several bankruptcies, noted that everythiny goes on the bloco when acompany dissolves. “At the end of the day, it oftebn comes down to coffee cups andfax paper,” he “Every office ought to have at leastg one airplane tire.
” But, DayJet’s interest in its siste r company, DayJet Technologies, may still fetch some real DayJet Technologies, which developed the software used to schedule and dispatch planes, is not in Chapter 7. Pending coury approval, Miller said he has a buye r of who will pay atleas $250,000 for DayJet Corp’s 35 percent stake in DayJet Technologies. Klaskin said the technology mighyt have value for anothefr air taxi start up that grows at a more modestr pacethan DayJet. “It’s entirely possible that there may be some use in that applicatioh forthe technology,” he said. there are probably good deals to be had on airplaner tires comeJune 18.