Global Intel Hub – 12/4/2021 Charlotte, NC – We have seen the automotive industry disrupted by companies like Uber, Lyft, Tesla, and now a plethora of EV and alt-transportation companies. Now we are starting to see the same happen in aviation. The aviation industry in general has not had a major disruption for some time. The most common commercial aircraft in the sky remains the Boeing 737, which had it’s initial flight in 1967, or 54 years ago [1]. Private Aviation has been slowly growing in popularity with those who can afford it, but it remains for many complicated, expensive, and inaccessible. Jet Token has started to solve those problems, with an easy app that anyone can use. Through their business strategy and design, they have substantially lowered the per hour cost of private aviation (particularly with their use of Honda Jets).
This Wall Street Journal Article (11.27.21) sums up the market: Private Flying Takes Off, Boosting Demand for Business Jets – Some well-heeled, would-be private-jet fliers are being turned away as industry booms.
There are competitors, but the sector is taking off and the sky is a big space. Currently there is more demand than supply, which is always good for any business. Worth magazine says that COVID has given a permanent boost to the sector [2]:
…private air travel—despite its high cost—has found an eager audience among cautious travelers. The appeal is obvious: No waiting in airport lines, anxiously trying to maintain social distance. No taking off your belt and shoes. And while any public activity during a pandemic is risky, many travelers are attracted to the theoretically safer private option. The Austria-based charter airline GlobeAir issued a study claiming that a passenger traveling on a commercial aircraft has 700 potentially infectious encounters; on a private jet, the company says, it’s 20.
One publication even goes as far to say that private aviation is the ‘new normal’ [3]:
Regaining control of travel itineraries seems a distant reality for those passengers still flying commercial. Private aviation has delivered that promise throughout the pandemic, granting clients with the power to adapt their flights to their schedules and not the other way around. That flexibility has been the differentiator for this travel segment since its beginnings, although during uncertainty it has become a safety net for those in need of urgent travel.
The question is not if this industry is going to take off or not, the question is how high it will go. Jet Token is not the only company disrupting this sector, it’s the leader of the pack. We sat down with Mike Winston, founder of Jet Token, and here’s what he had to say about the industry and his company:
Today, most buyers face at least a year of lead time for delivery of a fractional share or whole aircraft. Jet Token stands out for its ability to offer HondaJet Elite fractions for immediate use, thanks in part to fortunate delivery timing of our fleet order and also to our special marketing cooperation with HondaJet. While we can add revenue with planes, passengers and pilots we also propose to add revenue with payment network activity. It’s a common theme among aviation companies to integrate a finance or payment activity to both enhance aircraft utilization and to boost return on capital. We’re squarely focused on deploying capital at high rates of return into the hottest jet market in fifteen years, and to delivering on our technology roadmap. — Mike Winston, Founder, Jet Token December 2021
Jet Token is potential unicorn set to disrupt private aviation (See video). Learn more about Jet Token @ jettoken.com
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[1] https://en.wikipedia.org/wiki/Boeing_737 Envisioned in 1964, the initial 737-100 made its first flight in April 1967 and entered service in February 1968 with Lufthansa. The lengthened 737-200 entered service in April 1968. It evolved through four generations, offering several variants for 85 to 215 passengers.
[2] https://www.worth.com/covid-boosted-private-aviation-permanently/
