ONEflight International has paused all flight activity for 30 days, or until further notice, while it reviews its operations and financial position. The Denver-based private jet broker’s temporary shutdown puts more than $150 million in prepaid flying potentially at risk, affecting jet-card and charter customers who have already paid for future travel.
The suspension took effect immediately after a notice posted on the company’s website and later reproduced in industry coverage. ONEflight has not given a firm restart date beyond the 30-day window, and no bankruptcy filing has been identified in the reporting. The company’s jet-card model means customers typically prepay for flights, leaving them exposed if services do not resume as planned.
The risk is heightened by the fact that customer funds are not held in escrow, according to reporting on the company’s structure. That leaves prepaid balances vulnerable if the broker cannot restore normal operations, with customers potentially becoming unsecured creditors in any insolvency scenario. Industry reporting also put ONEflight’s recent annual revenue at about $232 million, underlining the scale of the exposure relative to the business.