HondaJet Fractional Ownership Operator Jet It has filed for Chapter 7 bankruptcy more than two years after shutting down operations. The 111-page filing with the United States Bankruptcy Court for the District of Delaware on Dec. 24, 2025 shows $36.2 million in liabilities; $9.7 million of what it owes are unsecured claims, according to reports. Greensboro-based Jet It launched in 2018 with a HondaJet fractional program. The company marketed rates of $1,600 per hour but that rate did not include monthly management fees or the cost of ownership. It has not operated since shutting down all operations in 2023.