Private jet broker Star Jets posts record revenue in H1 2021

By Doug Gollan, August 16, 2021

Ricky Sitomer’s charter broker Star Jets International set a record for 2021 first-half revenues posting $6 million in sales

Star Jets International, Inc. (OTCPink: JETR) said it booked $6 million in revenues, an all-time record in revenues for the first half of 2021. It’s a 40% increase compared to the first half last year when it sold $4.3 million in charter flights.

For the second quarter ending Star Jets tallied $2.37 million in revenues.

The company, founded by Blue Star Jets co-founder Ricky Sitomer, also signed a letter of intent to purchase a Gulfstream IV-SP aircraft. It expects the large-cabin private jet to generate up to $6 million in annual revenues.

In a press release, Sitomer said, “Our growth continues in the private jet industry, and the demand for private jets is skyrocketing. JETR expects demand to continue to grow for many years to come. Many travelers who have been sitting on the sidelines, who have now received the Covid vaccine, are looking to get away after being cooped up for so long.”

According to MarketWatch, Star Jets had 2020 sales of $9.58 million, 78% growth compared to 2018.

In addition, the company is in the midst of an audit for 2019 and 2020. It is planning to up-list to OTC MARKERS’ OTCQB in the next few weeks.

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