Jump On Flyaways

Roger Jewett and his son Sean Jewett, from Calgary, Alberta, asked for $400,000 for 20 per cent of Jump On Flyaways, an airplane-sharing service that books unused charter flights, mostly from Alberta oil patch charter airlines, and only flies a route once it reaches about 80 per cent capacity. The website showed fares such as $134 for Calgary to Vancouver, offering savings of 30 to 60 per cent off scheduled airline fares. Roger had invested about $250,000 of his own money, and the company had completed about 13 flights generating roughly $35,000 to $40,000 in total profit, with an email list of 10,000 and 5,000 social media followers.

Michele Romanow went out, citing past failures of similar deal-threshold business models. Joe Mimran went out, saying the model was too cautious to build a real business. Manjit Minhas went out, concerned about lack of control over aircraft supply. Michael Wekerle went out, wanting a strategic partnership that secured planes and pilots directly. Jim Treliving also went out, and no deal was made.

Jump On Flyaways appears to have closed. Its products may no longer be available.