I just saw this on 13abc's Web site, they are reporting that Jet America is down for the count-they have suspended all operations.
Snowball sums it up nicely:
See the Breaking news at:
http://abclocal.go.com/wtvg/story?section=news/local&id=6920835
They opened their Toledo operations 5/28 offering $9 fares:
http://www.toledofreepress.com/2009/05/28/jet-america-to-offer-flights-f...

HA! Another well-publicized fraud bites the dust in Toledo. "Oh look, we have a new airline, this is a sea change!" What B.S.!
The sad fact was that a scheduled airline wanted to operate under unscheduled rules. The answer there is for the FAA to make a new category into which Jet America could fit. This is Obama's FAA, right? SO GET TO WORK, DEMOCRATS! LOL ROFL