Author: Gennady Barsky

JetSmarter Experiences Triple-Digit Growth in Seat Bookings, Dominating the Private Jet Sharing Economy

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PRESS RELEASE PR Newswire
Aug. 20, 2018, 03:50 PM

NEW YORK, Aug. 20, 2018 /PRNewswire/ — JetSmarter, the world’s largest private aviation community, reports triple-digit growth in seat bookings, as the company continues its momentum of dominating the private jet-sharing economy.

Since its launch in 2013 as a members-only, on-demand flight sharing app, the platform has grown rapidly and evolved with additional features and services. Earlier this year, the company expanded its flights to the public, allowing non-members to create and share flights with other travelers, without the commitment and annual fee of membership. As a result, JetSmarter has experienced four-times month-over-month growth in the number of non-member seats booked on private jets since non-members were granted ability to access the services.

JetSmarter’s seat bookings have already grown by 116% year over year and shared flight frequency has also increased more than 20%. This growth is driven through on-demand flight creation where members and non-members alike can crowdsource flights on their own time.

A market leader in the flight-sharing economy, JetSmarter democratized private aviation by making private jet travel affordable and accessible. The JetSmarter experience remains unmatched in the industry as flyers can arrive at the terminal just 15 minutes before takeoff, skipping airport lines, and saving time while enjoying luxury travel from start to finish.

JetSmarter connects fliers to more than 300 weekly shared flights with over 800 air carrier partners globally and routes to and from 170+ countries worldwide. The platform will soon be adding desktop booking capabilities to provide on-demand searching and booking flexibility.

For more information on JetSmarter, visit www.jetsmarter.com.

About JetSmarter

JetSmarter is a global community of fliers that prefer an elevated travel experience. We offer an innovative alternative to the dated and overpriced services offered in private aviation today; all while challenging the commercial aviation industry through competitive pricing and an unparalleled flight experience. Using a sharing economy model, JetSmarter gives users the unlimited ability to create flights on-demand or book individual seats on flights created by fellow fliers – all while saving thousands compared to traditional private travel.

JetSmarter does not own or operate any aircraft. All flights are performed by FAA-licensed and DOT-registered air carriers. JetSmarter offers a number of programs including private charters, for which JetSmarter acts solely as an agent in arranging the flight, and Public Charters, for which JetSmarter acts as principal in buying and reselling the air transportation. Seats made available under the Public Charter Program are subject to the Public Charter rules contained in 14 CFR 380. For more information, visit jetsmarter.com

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SOURCE JetSmarter

Investor Gennady Barsky has high hopes for Saudi’s Vision 2030

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“It’s a great business opportunity in the making,” says Florida-based entrepreneur Gennady Barsky. Saudi Arabia’s Vision 2030 is a grand project that is revolutionizing the cultural and economic environment of the country.

You can easily compare Saudi Arabia of the 90s with the Saudi Arabia of present day. The influence of Wahhabism defined the kingdom as a conservative state in the 18th Century. Later on, the discovery of crude oil as an important resource transformed it into a richer but far-traditionalist society.

Their reputation preceded them when they met the West. Crude oil was in demand, and Saudi Arabia profited heavily by satiating that need. To familiarize more with the West and expand their oil market, Saudi Arabia had to shed some of their old restrictive habits. It’s why you can see them enjoying a wide range of luxury cars and expensive gadgets in the early 21st Century.

Fast forward to September 2017. Backed by His Highness Crown Prince Mohammad bin Salman bin Abdulaziz Al Saud, Saudi Arabia permitted women to drive vehicles. Earlier in February, they appointed a woman as the head of the Saudi Stock Exchange. February 2018 onwards, women now are allowed to open their own businesses without a male guardian’s consent.

Saudi Arabia realized that they cannot solely rely on their crude oil empire. They must diversify into other businesses. Crown Prince Mohammad bin Salman was the first to make a move against this insecurity. The process of Saudi Arabia’s diversification can only take flight if they are on good terms with the progressive and liberal West.

That means vibrating on the same frequency with the people you want to attract. An environment that suits the Western lifestyle needs to be established. While good infrastructure and professional standards have been maintained, Saudi Arabia needs to work on its recessive culture. Entrepreneurial and innovational temperament can also be boosted.

As a corollary, the biggest infrastructural and economic reform Saudi Arabia is undertaking is ‘Neom’, a megacity project under Vision 2030 that’ll symbolize Saudi Arabia’s diversification. Financial experts like James M Dorsey and Gennady Barsky believe it will bring in a lot of investment.

The development of this 26,500 km2 futuristic city shall create a lot of prospects for employment, investments, and cultural advancement. When the city is completed, it may imitate those futuristic utopian societies often shown in movies and cartoon shows, where mankind prospers and is able to look up to the sky, thinking of a brighter and extraterrestrial future.