We will not issue a token without so called “no action” relief from the SEC and have approached and had discussions with the FinHub division of the Commission. Token: Jet Token's platform and proposed blockchain technology are designed to be widely adopted across the industry to enable more efficient use of aircraft and easier and more transparent booking for passengers. For example, thirty-five days a year it’s difficult if not impossible to charter a private jet in the US, that means one either required their own jet or a Jet Token like Jet Card/Fractional Ownership program to be assured aircraft access. Does anyone reliably know what it costs to charter a private jet? Even if one has a rough number in mind, that figure can swing wildly depending on time of year and related shifts in seasonal demand. We’re cautiously optimistic that whichever way the economic winds blow we have an offer for those either downgrading from large cabin private or upgrading from commercial first class.Įxisting Private Jet Ecosystem Is Ripe for Innovation: The private jet industry is in desperate need of disruption to make it more efficient, convenient, and affordable for travelers. Jet Token offers a similar product and offers it for both large and small aircraft. That business grew to $150mm in revenue from zero in just two years, thanks in part to the price of an hour of flight time and customers’ desire to manage that cost. Good Market Position: The MarquisJet "Jet Card" product first came to market during the financial crisis (’08-’09) when the jet set were downgrading from full and partial aircraft ownership to a single up-front payment that guaranteed them hours on a smaller aircraft. New travelers developed a taste for private aviation during the pandemic and have continued to fly privately in 2022 we’ve seen it first-hand, supported by the data above. Through October of 2022, the latest period for which we have data, domestic private flight activity has grown 6% the vs prior year ten-month period. So, in 2022, after the big rebound year, one might expect to see hours traveled decline to pre-pandemic levels. FAA data show domestic private jet travel down 21% in 2020 in response to the pandemic and then up 45% in 2021 as people got back to flying. The other three jets are now in active service.ĭemand Growth: The demand for private jet travel has exceeded pre-pandemic levels, marking new industry highs and creating capacity bottlenecks for other key players. We sold one HondaJet outright after delivery because we were offered a price so high it met or exceeded our return threshold for lifetime operation of the plane. We have taken delivery of four aircraft from HondaJet and put three of them into operation at our Las Vegas base, with the help of Cirrus Aviation, an Argus Platinum rated private jet operation with a forty-year track record. It would also be a good idea to cover yourself.Established Community and Live Operations: Jet Token has generated tens of millions in revenues and raised +$16mm with the support of 35,000+ investors. Handling suppliers' terms and conditions In most cases, it is sufficient to send the client a link to the supplier's T&C.From stroller to safari vehicle: How Gen Alpha is already shaping Africa travel Generation Alpha - those born since 2010 - is still growing, and so is its influence on family vacation planning.
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