JetsGone

Most of you will know by now that JetsGo, an independant value-priced airliner, declared bankruptcy last Friday. Now, that in itself isnt such a bad thing. In any capitalist economy, businesses fold. When product exceeds demand, someone is gonna feel the pinch. So, while it sucks for all the employees there, that's business. Sorry. It could have been predicted pretty easily too. Falling stocks and accidents on the runway in in the air have hurt JetsGo in recent months, and in the bleeding airline industry post 9/11, that's more than enough to bring even a well run company to it's knees. This however was not a well run company. At least, not by ethical standards.

Picutre yourself the CEO of JetsGo. No no, put down the gun. It's not so bad. But it is bad enough that you see the train at the end of the tunnel from a ways back. So why, why do you royally screw as many people as possible? JetsGo folded at the worst possible time for many people: right at the eve of March break. Tons of families had already bought tickets to sunny shores, and the managment knew that. They knew those people would be unable to recoup their money directly, instead turning to their credit card companies (who I bet are thrilled). I'm sure many customers are just plain screwed on the whole "refund" thing. Knowledgable of all this, JetsGo kept selling tickets for as long as they possibly could. It's not as though they were on the fence about closing down, either. Filing bankruptcy isn't something that can happen overnight. It takes a ton of lawyers, and a consensus by mangement on several levels. It was then, a cold, rational decision to bilk a ton of people out of their money. Enjoy bankruptcy guys.