When people think about the world of private jet travel, they likely have images of super-wealthy individuals setting foot on their private plane and jetting off to a tropical paradise. While there are certainly people who fit this description, this isn’t the only type of person who uses a private jet. Now, Sergey Petrossov has designed an app, called JetSmarter, and turned it into a company that is valued north of $1.5 billion. The business model is unique and there are numerous members that have already signed up for JetSmarter. With the price point starting to drop, the world of private jet travel is more accessible than ever before.
Multiple Types of Consumers Use jet Smarter
Sergey Petrossov and JetSmarter have targeted two separate swaths of people. The first people are those who already fly via private jet. These are individuals who pay about $150,000 for 20 hours of private jet travel per year. While this cost sounds prohibitive to most, it isn’t to this group of people. On the other hand, there is a second type of consumer. The cost of entry for those who travel for business have an entry point that is about ten times less than the private individuals discussed above. What this means is that commercial might be cheaper; however, JetSmarter is a superior experience which makes it all worth it.
A Superior Flying Experience Those who fly on JetSmarter do not have to wait in the tremendous queues of the commercial world. They don’t have to be cramped in a seat and fight for peanuts. Instead, when they arrive at the airport, there is a JetSmarter representative who is ready to take their bags and walk them to the plane. No longer will someone have to wait for four hours or more at the airport. JetSmarter is changing the way people fly and, as more people continue to use the service, the price will continue to drop. Eventually, this company is going to take some market share from the commercial industry as well.