Air Taxi Company Shuts Down

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SkyTaxi Halts Service; 18 Laid Off…

Financial problems have grounded SkyTaxi Inc, an Oregon start-up that received national exposure for its hybrid air service. SkyTaxi, whose business blended elements of regular airline service and charter service, vacated its maintenance hangar at the Salem airport and laid off employees last month. None of the headquarters' approximately 18 employees are left on the payroll, although a few SkyTaxi backers continue to work on a voluntary basis at its administrative offices, Ray Morrow, chairman of SkyTaxi, told the Salem News Statesman. [More...] Prospective SkyTaxi passengers will have to find another means to travel for now, but Morrow is counting on finding venture capital to get the business aloft again. “We’re very optimistic. The bottom line is we have lots and lots of customers and a business model that works,” Morrow said. The company is “restructuring at this point” and the shutdown is temporary, he said.