Star Jets International is the latest private aviation provider to report record results as consumers seek to avoid airlines
New York-based Star Jets International said it started its second quarter with a record of over $1 million in private jet charter bookings in the first half of July.
The jet card and on-demand private jet brokerage was founded by Ricky Sitomer who rose to fame through Blue Star Jets
Star Jets International (OTCPINK: JETR) in its third full year of operation is reporting revenue increases.
For 2019, the private jet card and on-demand charter broker generated $5.4 million in revenue.
The jet card and on-demand charter broker said revenue
approached $7 million in its second year
Ricky Sitomer, who rose to fame as the co-founder of Blue Star Jets, said his current entry into the private jet charter broker and jet card market Star Jets International saw a 23% gain in revenues last year. Sales increased from $5.7 million to “approximately” $7 million, according to a company press release.
There are over 50 different brands selling private jet memberships. Here’s a look at who’s behind these providers.
Since the Great Recession, the number of jet card sellers has more than doubled. During the same period, annual deliveries of new jets remain about 40% below record levels. The number of national fractional share providers is down to just two, NetJets and Flexjet, both selling jet cards too. In Jet Card Buyer’s Tip #1, we look at the breadth of companies selling jet cards.