Jet It, a private jet operator launched in 2018, filed for Chapter 7 bankruptcy in December 2025, over two years after shutting down operations, with $36.2 million in liabilities and over 200 unsecured creditors, including major companies like American Express and Honeywell. The company had expanded rapidly but faced financial difficulties, partly due to issues with HondaJet support, and owed significant debts to various service providers and creditors.
Private jet travel is experiencing a boom in 2025, driven by increased demand from the ultrawealthy, a desire for privacy, and more accessible ownership models, with the industry seeing a 5% rise in flights and new luxury jets like the Gulfstream G700.
Collectibles company Rally will offer up to 47,000 shares in Mickey Mantle's boyhood home in Commerce, Oklahoma, for $7 each, valuing the property at $329,000. Rally plans to convert the house into a museum and explore potential revenue streams such as short-term rentals and trading cards with pieces of the property embedded in them. Shareholders will have a say in the property's direction, and Rally intends to keep 1-5% ownership. The company also plans to offer free shares to city residents. Some locals are skeptical of the deal, but Rally aims to maintain the property as a collectible and hold a town hall to address concerns.
Joan and Ned Woodward, a couple from Washington, D.C., decided to buy a 1/6th stake in an oceanfront townhouse at the Timbers Kaua'i resort in Hawaii for $1.1 million after just three days of vacationing there. The couple was impressed by the amenities and the opportunity for fractional ownership, which allows them to own part of the property's title rather than just time spent there. They receive six weeks of planned vacations annually and can take short notice vacations if other fractional owners cancel. The resort offers luxury services and amenities, including personal concierge services, a private lounge, and pre-arrival grocery shopping. The Woodwards believe in enjoying life now rather than waiting for retirement.
