DayJet, Services, which described itself as the world's first "per-seat, on-demand jet service," ceased operations last Friday and laid off most of its staff less than a year after launching service among five cities in Florida. It attributed its failure to the inability to "arrange critical financing in the midst of the current global financial crisis." It said it would be unable to honor customer reservations and/or issue refunds for unused travel. The unit of DayJet Corp. commenced ...

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