JetSmarter is a mobile app that is available on both iOS and Android. People can subscribe to this app and use it to fly on private jets. It was developed by Sergey Petrossov who is the founder and CEO of JetSmarter. He created this app a few years after flying privately for the first time and noted that there were numerous inefficiencies.
His app was released in March 2013 after being beta tested for seven months. His goal is to make private air travel more accessible by offering competitive fairs. People who use JetSmarter can get free seats on shuttle routes other users have created. His company can fly people to over 170 countries.
Sergey Petrossov says that one of the chief advantages of using JetSmarter is cost. People can save a lot of money flying with JetSmarter rather than traditional private plane companies. The reason for this is that traditional companies offer flights that only have two or three people on them. JetSmarter offers that as well but, on many of their flights, there are a lot more people on board, bringing down the cost for everyone.
His company’s first route is between South Florida and New York City. Sergey Petrossov says his company can have up to 50 flights a day between these two destinations, more than American Airlines offers. His company flew over 300,000 people in 2018. His customers include people who need to be somewhere and want to be in control of their flight schedules.
While his company currently caters to people who already fly privately, Sergey Petrossov sees a big opportunity in starting to attract first-class and business-class fliers. JetSmarter is becoming competitive cost-wise with commercial airline ticket prices for these two classes. He said that within a decade he thinks the price of a ticket will be down to $500.