Blue Star Jets is fading to black.
The private-jet-chartering company — named after the airline in the 1987 film “Wall Street” — is quietly going out of business after 16 years.
Todd Rome, Blue Star’s president, is now working with his bigger former rival, Apollo Jets. Ricky Sitomer, Blue Star’s CEO who co-founded the company with Rome, is “doing his own thing,” Rome said.
Blue Star, which sponsored Bridgehampton Polo for five summers and advertised in upscale magazines, will disappear.
“The more volume you do, the better pricing you get,” Rome told me. “We feel our efforts combined will take over this industry.”
Apollo was founded by Al Palagonia, the handsome pal of Spike Lee who once did time for pump-and-dump stock fraud schemes.