Where are they getting the engine? You can get model aircraft jet engines with enough power for this.[1] Various human-carrying craft have been built that way, such as the Zapata Flyboard.[2] But the engines have a lifespan measured in hours and not enough reliability for carrying humans. That's why all the demo videos of these things are over water, or tethered. People have been trying to build small, cheap jet engi…
I think it's slightly more correct to say that they have a service interval measured in hours. The jetcat ones require service every 25h of use, but there are other companies that require service less frequently, although the highest interval I found is 100h.