The Jay Z-funded 'Uber for private jets' startup is shutting down

BlackJet, an on-demand private jet service that promised to do for air travel what Uber did for cars, is ceasing operations.

The writing has been on the wall for BlackJet for awhile, despite the star-studded investor ensemble that first backed it. 

Launched in 2012, BlackJet promised to be the "Uber for Jets" startup that was missing in the on-demand ecosystem, and it had the investor backing to support it.

Early Uber investor Shervin Pishevar served as chairman, and Uber cofounder Garrett...

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