Investment capital continues to pour into private jet and helicopter membership, card and sharing programs
Here it comes. Add Fly BLADE to JetSmarter, JetSuite, Stellar.aero, Victor, VistaJet, and Wheels Up – the list of the private jet card, online charter, and by the seat private aviation companies that have raised over $500 million over the past 18 months. According to a press release, BLADE added “approximately $38 million” to its coffers via Series B Financing led by Colony NorthStar and Lerer Hippeau along with Airbus Helicopters and LionTree Ventures.
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.”
What’s the true price for the jet membership provider’s new shared charter service?
On Tuesday, as Private Jet Card Comparisons reported, JetSmarter announced it was launching SHAREDCHARTER, a new way for its community of 10,000 private jet travelers to dip into the sharing economy and fly more for less. The press release and a video by its founder and CEO Sergey Petrossov are big on promises and short on details, something that has become their hallmark.
Online private jet charter broker Stratajet which launched in the U.S. last year confirmed internet reports on Flyertalk that it has closed its U.S. office, but a spokesperson told Private Jet Card Comparisons, “It’s very much business as usual at Stratajet. The US remains a focus of our business and we continue to provide a full, nationwide service.”