February 17, 2024
Year Founded
2019
Headquarters
Scottsdale, Arizona
Leadership
Steve Reynolds
Chairman of the Board
Tom Smith
CEO
Trey Smith
COO
Jim Barnes
CFO
Set Jet is a Scottsdale, Arizona-based membership provider.
It allows members to buy individual seats aboard a fleet of Bombardier Challenger 850s on fixed routes, primarily in California and Arizona, with additional routes to Las Vegas, Aspen, and Los Cabos.
In 2023, it announced plans to go public via a SPAC IPO.
On Feb. 17, 2024, Set Jet closed.
SetJet is privately held with plans for a SPAC-based IPO
As of June 2023, Set Jet had 2,899 active members paying either $99 or $999 per month.
Revenue through the first six months of 2023 was $7.0 million, down 1% from 2022. Operating loss slimmed from $6.9 million to $5.5 million year-over-year through June. Revenue in 2022 was $12.9 million, up 36% from $9.5 million in 2021.
Tom Smith
Set Jet has exclusive use to six Bombardier Challenger 850s
Membership costs $99.95 per month with seats at $750 per flight on domestic routes.
Set Jet offers fixed rates per seat.
Its website was SetJet.com
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