So far, there is no announcement on the JetSmarter website. We are continually looking at ways and means to expand our offerings within the region, and globally. Thats the most important thing for entrepreneurs. JetSmarter declined to comment on CNBC's inquiries, but said in a statement that "changes to our member services and benefits were within the rights of our membership agreement." When expanded it provides a list of search options that will switch the search inputs to match the current selection. Petrossov launched the JetSmarter app back in 2013 and never looked back, its even been referred to by some as Uber for private jets, moving more passengers annually than anyone in the industry. We have also announced our series C funding raise of $105 million, at a $1.5 billion pre-money valuation, from existing and new strategic investors. Charter a flight with the tap of an app - Sun Sentinel The partners that we have cover a large number of international destinations, to enable our customers to be able to fly worldwide within as little as six hours from booking their flight. The catch-22 was that the more members the company signed up, the faster they burned through their investment money. With businesses like Uber becoming the norm, how do you see the private aviation industry changing in the near future? JetSmarter was founded by Moscow-born Sergey Petrossov, who moved to South Florida as a teen, graduated from the University of Florida and launched JetSmarter in 2012 when he was in his early 20s. In the private aviation industry, many are familiar with jet cards or fractional jet ownership, where a light to mid-sized jet card can cost one anywhere from $130,000 to $150,000 a year for 25 hours worth of flying. It was highly inefficient. What was your vision? Petrossov knows this, which is why he takes his time to build his professional relationships and the JetSmarter brand. View the profiles of professionals named "Sergey Petrossov" on LinkedIn. I agree to Money's Terms of Use and Privacy Notice and consent to the processing of my personal information. And, if they want, they can book a fully private flight, which comes with a higher cost. Then the company started charging members extra money for longer flights. [31][32] (1) *Club domestic league appearances and goals, correct as of 23 April 2023. The main reason I was interested in Torossian's employment as a PR agent for Turkey is that there was a similar situation with Barry Zorthian, who worked from Oct. 1980 to February 1984 for the lobbying firm of Gray and Co., hired .
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