Stellar is developing technology it says will enable real-time private jet charter bookings
Here’s a surprise: Business aviation accounts for nearly 29% of all consumer spending on air travel in the United States and has nearly the same daily flight activity as commercial aviation, however, the process of booking private jet charters is still very much based on phone calls and emails.
Stellar Labs, Inc. which says it enables real-time bookings of on-demand private jet charters, today announced it has raised $26.3 million in Series A equity financing from Global Jet Capital, a provider of corporate aircraft financing solutions capitalized by The Carlyle Group, Blackstone’s GSO Capital Partners, and AE Industrial Partners, Columbia Equity Partners and Expa. In a press release, Stellar said combined with previous equity rounds and funding from Rockwell Collins, Stellar is investing over $50 million in its next-generation technology platform for business aviation. The company projects advances like it is making will triple the charter market in the next “six to eight years.”
Wholesale Jet Club features memberships with a straight 3.5% markup from operator pricing
Wholesale Jet Club is a sister company of JetSet Group, both started by former Blue Star Jets executive Steven S. Orfali, however, they each have different business models, JetSet Group being a more typical broker program while Wholesale Jet Club provides both jet cards with guaranteed pricing and wholesale on-demand jet charter.
The private jet operator is updating leathers, fabrics and finishes on it Challenger 300s and Citation Xs
XOJET has confirmed an ongoing fleet update program covering aircraft in its fleet of 41 Challenger 300s and Citation Xs. Chief Commercial Officer James Henderson tells Private Jet Card Comparisons, “XOJET is committed to a proactive program of refurbishing and maintaining the fleet.”
Jettly members pay a monthly or annual membership, but no commission on their charter flights
Start-up private aviation charter broker Jettly this week launched a new, no-commission model for selling on-demand charter flights. The six-person operation is headed by Internet entrepreneur Justin Crabbe, and he says, by stripping out the commission, he hopes to make buying private jet charters easier. Right now, he says, with the amount of markup or commission brokers tack onto the price from operators, consumers are inclined to call multiple brokers in an attempt to “get the same airplane for less money.”
The London-based private jet charter broker expects sales to grow from $39 million to $60 million this year
Online focused on-demand charter broker Victor announced the signing of a strategic investment agreement with BP Ventures, BP’s investment arm, according to a press release received by Private Jet Card Comparisons. “BP Ventures has committed to invest $10 million as lead investor to Victor’s Series B fundraising round. The round, raising a total of $20 million, has been further bolstered through family offices and existing shareholders,” Victor said in a statement.
Zetta Jet is focused on long-haul private jet charter and jet card programs for the global traveler
Zetta Jet USA, Inc., previously known as FKA Advanced Air Management, has filed a voluntary petition for Chapter 11 bankruptcy, Private Jet Card Comparisons has learned from reviewing court filings. The filing was made with the Central District of California – Los Angeles. Singapore-based Zetta Jet had been growing quickly and its website lists 11 tail numbers currently part of its fleet. In June, its Managing Director Geoffrey Cassidy told Corporate Jet Investor, the company expected to take delivery of four Global 6000s this year, along with three Challenger 650s by the end of the year. In the filing, Zetta Jet PTE Ltd. is listed as controlling 100% of equity security in Zetta Jet USA, Inc. which could also raise issues about foreign control.
Private Jet Card Comparisons compares pricing for on-demand charter versus jet cards
The over 100 jet card programs we compare on this website vary widely from sourcing standards for pilots and airplanes to rates, fees and surcharges, service areas and so forth. In fact, we track 65 points of differentiation and in 2018 are adding a few more.
When people ask what’s the best jet card, it’s a bit like asking what’s the best hotel? Well, in which city? Why are you going? Business? Romance? A family vacation? Maybe a company incentive or board meeting? Do you want to be seen or in the middle of a scene? What services and amenities do you care about? Is price an critical factor or just a consideration? The goal of Private Jet Card Comparisons is to help you choose the program or programs that are right for you. It’s not a one size fits all market.