JetSmarter may be sold for a fraction of its targeted value
JetSmarter, the once high-flying private aircraft-booking app backed by Jay-Z and the Saudi royal family, is being cleared for emergency landing. Valued at $1.6 billion two years ago, the so-called Uber of the skies is deep into “rescue talks” that could result in a sale for as little as $20 million, two industry insiders told...