When Luxembourg-based Wijet Group announced it was acquiring U.K.-based private jet charter operator Blink in late September 2016 executives said the view was to have “a fleet of 45 aircraft within three years.” That’s unlikely, and right now the company says it is headed in a new direction, confirming reports that it will surrender the UK Air Operator’s Certificate (AOC) it acquired at the time – currently and apparently its only AOC. It intends to move to a model where it will continue to take delivery of new aircraft but have them operated by third-party partner operators based in the European Union.
The company says the decision in part is being driven by Brexit, voted by U.K. citizens in June 2016, and now more likely to impact British operators that want to fly within the EU than most believed 20 months ago when the common viewpoint was everything would be worked out. Another issue is its fleet. In February 2018, Wijet announced it would transition from a fleet of 15 four-seat Citation Mustangs, a jet that Cessna has stopped making, to newer HondaJet HA-420s with an order for 16 fresh from the manufacturer. The new jets can seat up to five passengers, although one seat is a smaller. They also have a fully private aft lavatory, something the Mustangs didn’t have. According to 2015 article Corporate Jet Investor, deliveries of Mustangs had been falling year by year from an all-time high of
Article source: https://www.forbes.com/sites/douggollan/2018/06/30/wijet-is-closing-its-u-k-operations-changing-its-business-model/