The number of new jet card providers and programs has grown more than 20% in just the past three years
Over the past three years, there are at least seven new private jet card providers that have entered the market, either start-ups or existing aviation companies that have launched jet card programs. Additionally, there are at least three or four programs soon to be launched we are aware of and getting ready to fill you in on the details.
After Blue Star Jets, Ricky Sitomer is building a new private jet broker and jet card seller via his Star Jets International
Star Jets International (OTCPINK:JETR), the start-up broker founded by Ricky Sitomer who co-founded Blue Star Jets, said Star Jets generated $5,932,913 in gross revenue, stated in its year-end financial statements for 2017. According to a press release, management expects at least a 60% increase in its first-quarter revenue for the period ending March 31, 2018, versus the same period ending in 2017.
The two Jet Card sellers announced senior-level promotions and additions to their respective teams
XOJET and Star Jets International are bolstering their C-Suites with promotions and additions to their executive teams. The news comes after XOJET announced it had hired Perella Weinberg to advise it on strategic options and while Star Jets makes its transition to a publicly traded entity.
Star Jets International sells on-demand charter and Jet Cards
Blue Star Jets founder Ricky Sitomer is moving forward with his new venture, Star Jets International, with his goal of acquiring other charter brokers. Advanced Defense Technologies, Inc. (OTC PINK:ADCF) (OTC PINK:ADCFD) announced that FINRA approved its corporate actions application for a corporate name change to Star Jets International, Inc., a new stock symbol, JETR, representing its business as a private jet charter company, and a 1-for-100 reverse stock split; all to be effective as of February 12, 2018.
On-demand private jet charter broker Victor has raised $18 million from BBA Aviation, BP Ventures and existing shareholders
Following Victor’s BP Ventures-led Series B investment round of $20 million in September the company is back raising more money, including the creation of a new corporate umbrella that will be known as Alyssum Group Ltd. Victor said it will now which pursue an “acquisitive strategy within general aviation sector,” according to a press release received by Private Jet Card Comparisons. It said this new money signals closure of the Series B process as Alyssum Group gears up for planned Series C investment round in mid-2018. Victor Founder & CEO Clive Jackson appointed Group Chief Executive of Alyssum Group.