Picking over the pieces of DayJet - Triangle Business Journal:

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After failing to generate enoug h revenue or secureadditional financing, the Boca Raton-basexd air taxi pioneer on Nov. 14 filed for bankruptcy liquidation less than a year after itbegan operating. It listed more than $23 million in liabilities and $17 million in assets. DayJet, foundee by Ed Iacobucci, who also startee software giant , used a new softward scheduling system toprovidee per-seat, on-demand flights to smallefr airports. Albuquerque, N.M.-based , whichb supplied DayJet with its aircraft, had the largest bankruptcg claimat $16 Eclipse filed for bankruptcy shortly aftefr DayJet.
The 28 Eclipse jets that made up DayJet’sw fleet were foreclosed on and sold earlieethis year, said Georgre Miller, bankruptcy trustee. Miller said he heard from industr sources that each jet sold forabouy $600,000. They cost about $1.1 million when new. Stuart Klaskin, an aviation consultanr with Coral Gables-based Klaskin, Kushner Co., said he also heard the planes were sold for about That would have been a good deal for the sellerd if buyers face problems gettingv theplanes serviced, Klaskin Next up for sale is a mishmash of propert y that DayJet forfeited to its landlord when it left the Boca Ratomn Research and Development Park near .
The Boca R&D Project 7 LLC will conduct a publifc sale at10 a.m. on June 18. The landlor did not immediately return callfor comment, but, amonhg other things, a public for-sale noticr lists computers, printers, office furniture, a stainless steel refrigeratofr and 14 airplane tires. who said he has studied severak bankruptcies, noted that everything goes on the block when acompanuy dissolves. “At the end of the day, it oftenn comes down to coffee cups andfax paper,” he joked. “Evergy office ought to have at least oneairplanse tire.
” But, DayJet’s interest in its sister company, DayJer Technologies, may still fetch some real DayJet Technologies, which developed the software used to schedule and dispatchj planes, is not in Chapter 7. Pending court approval, Miller said he has a buyetr of who will pay atleast $250,000 for DayJetr Corp’s 35 percent stake in DayJet Technologies. Klaskin said the technology might have value for anothed air taxi start up that grows at a more modest pacethan DayJet. “It’s entirelhy possible that there may be some use in that applicatiob forthe technology,” he Meantime, there are probably good deals to be had on airplane tiresx come June 18.