Jet It / JetClub

Big-picture snapshot

Jet It was a Part 135 on-demand charter operator headquartered in Greensboro, North Carolina, that operated a fleet of Honda HA-420 HondaJet Elite aircraft under a fractional/membership model. At its peak, Jet It was the largest HondaJet operator in the world, owning approximately 10% of the global HondaJet Elite fleet — roughly 20-23 aircraft — plus two Gulfstream G150s. The company employed approximately 160 people globally in 2021 and operated a sister brand, JetClub, for international markets across the United States, Canada, and Europe.

Jet It was co-founded in 2018 by Glenn Gonzales (CEO, 26.8% ownership stake) and Vishal Hiremath (20.1% ownership). The largest investor was LoJet Holdings LLC, a New York-based entity that held a 44.3% stake and was owed $26.5 million in secured debt at the time of bankruptcy. The company was non-union and had no AirlinePilotCentral listing.

Jet It is defunct. The fleet was grounded on May 19, 2023, and the company filed Chapter 7 bankruptcy on December 24, 2025. The company is not hiring and will not resume operations.

Company history

• 2018: Founded by Glenn Gonzales and Vishal Hiremath in Greensboro, North Carolina, with the Honda HA-420 HondaJet Elite as its sole aircraft type
• 2020: Rapid expansion began, offering fractional/membership flight rates at approximately $1,600 per hour
• 2021: Ranked 21st largest U.S. Part 135 operator with 11,290 flight hours; added 13 aircraft to the fleet; expanded to approximately 160 employees globally; launched JetClub international sister brand
• 2022: Ranked 12th largest U.S. Part 135 operator with 18,500 flight hours; CEO Glenn Gonzales publicly criticized Honda Aircraft Company for inadequate support, citing approximately $20 million in off-fleet maintenance expenses
• May 19, 2023: Fleet grounded and operations ceased after the company experienced its eighth runway excursion or overrun within a single year; Volato Group offered to absorb some Jet It pilots and aircraft owners
• December 24, 2025: Filed Chapter 7 bankruptcy in the U.S. Bankruptcy Court; $36.2 million in total liabilities versus $1.16 million in assets
• Bankruptcy creditor details: LoJet Holdings LLC owed $26.5 million (secured); $9.7 million in unsecured claims including World Fuel Services ($735,000), Honeywell ($607,000), FlightSafety International ($401,000), and an FAA fine ($24,000)

Business model

Jet It operated a fractional ownership and membership model built around the Honda HA-420 HondaJet Elite:

• Fractional ownership: Members purchased fractional shares of HondaJet aircraft, receiving allocated flight days per year. Jet It managed all operations, crew, and maintenance.
• Membership/charter: On-demand charter access at approximately $1,600 per flight hour.
• JetClub: International sister brand extending the same model to markets in Canada and Europe.
• Single-type strategy: The fleet was almost entirely Honda HA-420 HondaJet Elites, which simplified training and maintenance but created concentration risk with a single airframe manufacturer. The two Gulfstream G150s were the only exception.

This business model is no longer operating. The company ceased all flight operations on May 19, 2023, and filed Chapter 7 liquidation on December 24, 2025.

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