The private jet membership program is scrapping its SMART membership, cutting its entry price point, but hiking per flight prices and eliminating free shuttle flights for new members
JetSmarter has been a primary mover in trying to develop new business models that are widening access to private aviation by driving down costs, marketing empty legs (ferry flights) and single seats on scheduled shuttle flights. The shuttles save users the hassles of having to transit through commercial airports, often shaving hours off total travel time. When we heard that JetSmarter was making changes to its programs, Private Jet Card Comparisons reached out to Sergey Petrossov, CEO of the Ft. Lauderdale private jet provider, which fills the gap between commercial first class and chartering an entire jet, although they offer the latter as well. Here is our email exchange:
The private jet membership marketer says it will use the money to expand routes and add flights
JetSmarter Inc. announced today it has raised its first institutional capital. The investment will be anchored by lead sponsor, Clearlake Capital Group, L.P. and include participation from Leucadia National Corporation existing investors. Financial terms were not disclosed, according to a press release.
In another blow to the private jet share social network, JetSmarter lost its home rental partner and board member Bradley Stewart, the CEO of XOJET
So the news about JetSmarter this week is that its short-lived entry into enticing its members to also rent homes through ThirdHome, announced Feb. 27, is kaput. By the way, there’s more big news coming next week, but we’ll get to that later.
Does JetSmarter take American Express? It should be a simple yes or no answer. Right? Well, apparently not. During my first email interview with JetSmarter CEO Sergey Petrossov I asked the question after reading that the private jet membership program had stopped accepting Amex as a form of payment.