Last week, CEO Vince Meens announced that his all-you-can-fly-platform JetWise filed for bankruptcy. The Amsterdam-based startup offered a subscription based model where clients could take unlimited seats on scheduled flights with private jets from the Dutch capital to hotspots like Cannes and Ibiza for 10.000 euro’s a year.
The idea was simple and straightforward: bringing the shared economy mindset to the skies. Research showed that 95 percent of private jets almost never left the airport hangar, when at the same time there was a market for people who desired to fly custom routes at specifics times that weren’t operated by regular airlines. Vince Meens saw an opportunity and took it.