Saturday, August 22, 2015

Traveling by private jet style Uber services

Petrossov, based in Fort Lauderdale, Florida, USA, launched JetSmarter, an application where people can book a private jet directly worldwide.

When it was first Sergey Petrossov looking to rent a private jet in 2009, he found that the only way to do so involves calls made repeatedly by agents, pages and pages of bills, scan and fax.



"At that time I thought, what is this?" He said. "As capital markets transactions in the 80s alone."
There should be a better way. Then, in March 2013, Petrossov, who lives in Fort Lauderdale, Florida, USA, launched JetSmarter, an application where people can book a private jet directly worldwide.

Private jet industry moves slowly chasing a world where almost everything can be done by one touch on the specific application.

Private jet industry moves slowly chasing a world where almost everything can be done by one touch on the specific application.

But some start-ups such as JetSmarter, Victor, PrivateFly and Ubair (competitors Uber, even though they do not share passenger services) have changed how they work by creating an online marketplace for travel by private jet which allows more choice, transparency and speed the order request.

As a result, now using private jets are becoming more comfortable and efficient than ever before - and although you can not say it affordable for the average person, the tariff is too low.

Plane multiply in the market-make smaller planes and less available to be flown - lowering the entry point.

In JetSmarter, for example, those who are not members can book a flight from Los Angeles to Las Vegas by plane with three seats starting price of $ 3.800 for the entire flight - that is, three colleagues can fly in private for a business meeting only with $ 1.265 per person, avoid hassles at several major airports and travel with the desired schedule.

Although each company has a slight difference in the business model, they allow customers to quickly do a price comparison of several airline options ranging from point A to point B.

But more expensive when compared to the major class tickets on American Airlines, which cost about $ 615 each way, but experts say there is still but about 30% cheaper than the old way of ordering the use of an agent as an intermediary or a pre-paid service.

Although each company has a slight difference in the business model, they allow customers to quickly do a price comparison of several airline options ranging from point A to point B and then immediately booked a plane that you select.

It is the same concept as Uber, an application that allows people to be able to book a vehicle and pay it smoothly.

Transparent sky

Adam Twidell, CEO of PrivateFly based in Britain, had been a pilot in the company jet fractional ownership, NetJets in the early 2000s, and observed how loyal users of private jets do not like the way it works - mainly because customers never know whether they are paying too much , he said.
PrivateFly he launched in 2008 along with his wife, made the company into one of the first to unite a fragmented market and placing orders rents in the hands of customers.
When someone searches for a particular route jets with PrivateFly, he will observe thousands of aircraft and make choices, which can reach hundreds.

Clive Jacksong, CEO of Victors, rely on transparency. (credit: Courtesy Clive Jackson)

It also allows the jet charter providers of all sizes to compete with one another, it is said Twidell has made prices more competitive.

"What we are doing is not something that is not done any other industry, but no one has to do it in the private jet sector," he said. "Empowering customers to see the price directly from the provider, make the system as efficient as possible for all parties."

When Twidell founded the company five years ago, some industry leaders told him "no one else would hire a private jet online," he said remembering.

But PrivateFly has grown to 75% in the last 3 years and receive an income of £ 10.5m ($ 16.2m) for the fiscal year ended in May (PrivateFly charge a fee of at least 5%, which varies by service).

Clive Jackson, CEO Victor domiciled in the UK, founded in 2011, believes that transparency will win the trust and ordering of society.

Credit: Courtesy of Ubair.

When performing a search flight, customers can see the full details of all the options of aircraft, including aircraft tail number, the security level of the operator and crew who will be on duty.
The fees charged by 10% Victor is itemized so that customers can see.

The fundamental difference if booked plane through Victor is transparency and openness," he said. Victor increase equity fund of £ 5.5m ($ 8m) in March to expand to the United States.

Geoff Perfect, an executive at a major tech company, has been flying by private jet charter, usually to and from Lake Tahoe over the weekend, before he started using Victor.

According to him, since the first look at the application, he was captivated, mainly because of usability and integration.

When someone searches for a particular route jets with PrivateFly, he will observe thousands of aircraft and make choices, which can reach hundreds.

For example, Victor made a booking through the boarding pass that appears in the iPhone Passbook.
The application is also encouraging customers to assess their flight after landing.

Essentially rented through Victor easier, faster and more direct than the traditional renting through an agent (Victor app is currently only available on iOS, but reservations can be made online.).

"This changed the old relationship in a way that makes everybody win," he said.

The old way of doing things

Before the company's new generation emerged, people have three ways to order the jet.
First by renting through an agent, the process is not transparent and old.

The second way is through majority ownership (fractional ownership), in which people buy shares in an airline and gets a certain time to use it per year (such as time division), as well as with NetJets.

This method Ubair launched last April as a "fresh face on the old company," says CEO Justin Sullivan.

And the third is to buy a prepaid card with companies like FlexJet or Marquis (part of NetJets), starting price of, say, $ 150,000 and spend it to determine the hourly rate.

The advantages of JetSmarter, PrivateFly, Victor and Ubair according to the companies it is that the customer can order the plane more quickly than by using the card company jet - PrivateFly record 43 minutes from the time of booking until the customer to board the plane, compared with four to six hours if using Marquis.

Moreover there is no advance payment commitments (JetSuite, which was founded in 2006 as an alternative to cheap airline, does not require a credit card or stock to rent, but it only offers two types of aircraft and booking technology which is not too modern).

This method Ubair launched last April as a "fresh face on the old company," says CEO Justin Sullivan.

Previously the company was named Private FLITE, which provide services proposals jet aircraft to the owners and users, Ubair is an application that is armed with an algorithm that allows people to order a plane.

The jet owners can put their aircraft on Ubair system and the company will operate, manage and maintain those aircraft while collecting profits for the owners.

The jet owners can put their aircraft on Ubair system and the company will operate, manage and maintain those aircraft while collecting profits for the owners.

Hawker 800 aircraft consisting of 8 seat can generate $ 20,000 per month for the owner with "free cash flow" in Ubair system, said Sullivan.

Or, owners have the option to fly free for 12-15 hours per month with Ubair - or a combination of both.

Because aircraft orders personally become easier and affordable, Sullivan saw the development of new customers, say they are 25 to 39 years old with an income of over $ 500,000.

As predicted by Petrossov, traveling by private jet increased from 0.1% to 1% - and he expects to increase up to 2%.

Comfort, convenience and satisfaction provided by private airlines attract a lot of people, and now with a more competitive price, very likely it would have won the business class flights and first class.

Comfort, convenience and satisfaction provided by private airlines attract a lot of people, and now with a more competitive price, very likely it would have won the business class flights and first class.

As stated by Twidell, actually cheaper to rent a plane for several executives using a single jet, rather than fly them using the premier class with a commercial flight.

And there is no time wasted waiting in airports or transit.

"We want to actively create a trusted source for people to travel and avoid commercial airlines," said Petrossov of JetSmarter, "for those who do not have to go back."

To that end, JetSmarter recently also launched a private shuttle service between New York and Miami on the weekend, plans to expand the service. Additional services to members and to non-members of tariffs charged for $ 1.845 per seat.

(Source: bbcindonesia)
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