Arizona-based hop-on charter Set Jet suddenly ceased operations Friday saying it ran out of money after several delays in issuing a SPAC IPO. The company had 2900 members who paid as little as $99 a month and could get seats for $750 to $1,550 on flights throughout the West and to Cabo San Lucas using Challenger 850s that seated 13 to 15 passengers. An investor backed out on a $14 million commitment Friday and that was the last straw.
This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/290569