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WE’VE JUST COMPLETED
OUR MOST SUCCESSFUL
MONTH EVER
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This validation of our new approach to private aviation is gratifying, as sophisticated flyers – like you – are recognizing the innovation and value we are bringing to an industry that was hungry for change.
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On this occasion we want to share with you – members of the JetSmarter community – some news and insights about where we are going.
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As you know, JetSmarter is the best option ever for flying private. We’ve done something profound – created a new class of air travel, accessed by a simple app, that offers both custom charters and unused seats on thousands of flights every day.
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We’re not just offering lower costs for private aviation and making it accessible. We’ve fundamentally rewired the marketplace, which we believe is the difference between just low cost and true disruption.
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WE WERE CREATED BY DISRUPTERS TO FLY DISRUPTERS.
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THE WHAT, WHY, HOW
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WHAT: We are re-inventing the private aviation industry for the on-demand, mobile economy by connecting people who need seats with planes that have them.
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WHY: There are more people who can benefit from private aviation – and can afford to – than are taking advantage of it.
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HOW: Using technology to create a new marketplace for accessible, reliable and enhanced air travel.
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OUR MISSION
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Create a world where private aviation serves as much of the flying public as possible.
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OUR SERVICES
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FIND A FLIGHT
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Book seats on existing flights between thousands of destinations
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CREATE YOUR OWN:
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Schedule your own charter, an entire plane or individual seats
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OUR BUSINESS MODEL WORKS FOR BOTH OF US
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MEMBERSHIP:
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We offer one tier of membership for $10,000 per year (with an additional $5,000 one-time initiation fee). This fee – which is required to use JetSmarter – gives customers access to our services, and gives us a consistent and recurring revenue stream.
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Why are we telling you this? We believe in transparency, we know our members are smart business people, and we want to share this information with you because you are entitled to know it!
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SEATS ON SCHEDULED FLIGHTS:
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While some seats on our scheduled flights are given complementary to our members as a perk, others are also available for purchase. Members pay for seats when they run out of their allocated supply of free reservations, or when they want to purchase companion seats for non-member friends or family. A significant portion of these seats are purchased as extra seats or companion seats with a healthy profit margin.
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ON-DEMAND FLIGHTS:
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These are charter flights. Members can either book an entire aircraft, or can book by the seat (sometimes we call this “create your own shuttle”). When members create their own shuttle they purchase roughly 25% of the seats. This enables our members to save money by not having to book an entire plane… while giving us extra seats to put out as a scheduled flight.
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So we can make a fair profit, and continue to offer value to all our members as we expand our services.
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PUTTING ECONOMICS TO WORK FOR OUR MEMBERS
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It’s a basic law of economics that purchasing power drives prices down. At JetSmarter we buy flight hours in bulk for some of the lowest “cost per hour” fees every seen in the industry.
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Every second that every million-dollar plane sits on the ground or repositions empty represents an opportunity for the owner to make money...as long as they get paid at or below their operational cost of the plane.
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We are the largest purchaser of third party aircraft hours in the world, which creates massive economies of scale and allows us to optimize “back hauls” (empty legs) and pair them with charter flights, both shared and whole aircraft.
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We can do that, because we built a sophisticated pricing engine that charges our members at the sweet spot where we can make a profit. It's no different than any market where there's profit to be made by addressing structural inefficiencies.
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Our efficient platform – driven by algorithms and artificial intelligence – optimizes inventory to drive down prices, create availability, and give us the resources to grow JetSmarter in the U.S. and globally.
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SHARING INFORMATION AS WELL AS PLANES
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We have raised more than $56 million, and this year alone we will do nine figures in revenue.
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The flying public is not being well-served by existing options. We don’t think anyone would disagree.
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At JetSmarter we have identified an opportunity to build a new transportation network that will rewire the way we humans look at air travel. And our growth shows that our innovation is being well adopted.
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We thank you for your patronage, membership and shared quest to make travel fun again. By optimizing the world’s planes we can optimize the world’s productivity.
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A seat on a private jet is a terrible thing to waste.
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WHERE LUXURY MEETS LOGIC
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