After getting off to an auspicious start as a promising air taxi concept, the very light jet industry has stumbled lately with the bankruptcy filing of VLJ manufacturer Eclipse Aviation and the closure of DayJet. But, having shed their air taxi role, the four- to six-seat airplanes are coming into their own, offering benefits including lower purchase prices and operating costs -- not to mention a more cost-efficient option for corporate executives facing criticism over costlier business jets.

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