OneFlight Private Jet Broker Pausing Flights For 30 Days

Company Conducting A Comprehensive Evaluation of Current Operations And Status

Denver-based OneFlight International is pausing flights for 30 days, according to several people familiar with internal conversations.

OneFlight executives were not immediately available to comment.

The company posted on its website, “We are writing to inform you of an important temporary change to OneFlight International flight services. Effective immediately, OneFlight is pausing all flight activity for the next 30 days, or until further notice, while we conduct a comprehensive evaluation of our current operations and status.”

Last year, the company had $232 million in revenue.

Known for its continuous BAJit television ads featuring celebrities like Shark Tank’s Robert Herjavec and NFL Hall of Famer John Elway, along with deeply discounted promotional deals, many customers prepay for future flights, with minimum deposits starting at $100,000.

Based on sales volume, over $150 million in prepaid flights could be at stake.

In a bankruptcy, clients with prepaid charter and jet card flights are unsecured creditors.

Last week, a OneFlight vice president emailed employees to address financial issues.

VP of Human Resources Ruby Dalton wrote that CEO Ferren Rajput was “actively addressing the financial and operations issues that developed under the previous CFO’s leadership and is taking the necessary steps to strengthen OneFlight’s financial position and long-term stability.”

In recent weeks, charter operators said the broker of charter flights and jet cards had fallen behind on payments.

Several operators said they were owed more than six figures for flights.

FMI: www.oneflight.net