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Saturday, July 25, 2015

Jay Z invests in 'Uber for private jets':

  • A Jay Z-funded app, set to become the Uber for planes, has just raised $20 million to expand its service
    Jetsmarter is an app built by 27-year-old entrepreneur Sergey Petrossev 
  • New funding will go to expanding routes and buying up more flights
  • Members pay $9,000 (£5,797) a year to get access to private flights
Chartering a private jet, it turns out, isn't as glamorous as it sounds.
You have to fill out what seems like an endless amount paperwork and be in constant touch with brokers – a hassle the mega-rich could do without.
Now a Jay Z-funded app, set to become the Uber for planes, has made the chore that little bit easier for the one per cent.
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etsmart, an app built by 27-year-old entrepreneur Sergey Petrossev, claims to let anyone book a flight on a private jet in a matter of seconds
A Jay Z-funded app, set to become the Uber for planes, has just raised $20 million to expand its service. etsmart, an app built by 27-year-old entrepreneur Sergey Petrossev, claims to let anyone book a flight on a private jet in a matter of seconds
Jetsmarter, an app built by 27-year-old entrepreneur Sergey Petrossev, claims to let anyone book a flight on a private jet in a matter of seconds.
'I started the company out of a frustration with the process,' Petrossov told Business Insider. 'I kept thinking to myself, 'Why hasn't this service been brought into the digital world?''
The app just closed a $20 million funding round from various sources.
High profile investors included Jay Z and the Saudi Royal Family. The amount they have invested remains undisclosed. 
The funding will go to expanding routes and buying up more flights from carriers, the company said.
The company has three different products; JetDeals, JetShuttle and JetCharter. Members pay $9,000 (£5,797) a year to get unlimited access to private flights
The company has three different products; JetDeals, JetShuttle and JetCharter. Members pay $9,000 (£5,797) a year to get unlimited access to private flights
Jetsmarter was built by entrepreneur Sergey Petrossev from Florida
Jetsmarter was built by entrepreneur Sergey Petrossev (left) from Florida. The average JetSmarter member is tech-savvy, aged between 25 and 50 and earns at least ($1 millio) a year, according to Petrossov
The company has three different products; JetDeals, JetShuttle and JetCharter.
JetDeals involves booking a one-way private flight on demand, while JetShuttle anyone to get a seat on a pre-scheduled private flight.
JetCharter, meanwhile, lets customers pick out private, customers travel packages that can be completely customised by route and aircraft.

THE 'UBER FOR HELICOPTERS'

If you’ve experienced the frustration of sitting in traffic while trying catch a flight, then one company has a solution; ditch the taxi and get a helicopter.
Gotham Air this year launched an on-demand service that effectively works like an ‘Uber for helicopters’, promising to get you from helipad to airport in six minutes
The company launched its service in New York this afternoon and says an average ride will work out at around $219 (£144).
An app and dedicated website allows users to request a helicopter to take a minimum of four passengers, and a maximum of six, to either JFK or Newark Airport.
Colour coding on the app reveals rides which are guaranteed and those which need more passengers in order to fly.
If a helicopter is grounded for weather reasons, the company says it will attempt to get passengers to the airport in a Tesla.
Members pay $9,000 (£5,797) to get access to wholesale rates on charters, free JetDeals and a free seat on JetShuttle flights. 
The average JetSmarter member is tech-savvy, aged between 25 and 50 and earns at least ($1 millio) a year, according to Petrossov.
Some of the most popular routes include the 'Golden Triangle' between Miami, New York and Los Angeles.
But almost anything is possible. JetSmarter once received a request to transport a tonne of gold between South America and Europe.
Speaking to Bloomberg TV last year, Petrossov said: 'JetSmarter is an app that you can go on and access the entire inventory of private aircraft around the world.
'There are more than 3,000 aeroplanes on our app; it's literally as easy as putting in your itinerary, you pick the exact aircraft that you want, you see real photographs all amenities, insurance information and safety history.
'You press 'book,' put in your credit card, it's all cashless, paperless, people say 'wow', they can't believe you can book a private jet through an app.'
The airplanes detailed in the app are controlled by vendors, which JetSmarter connect to via GPS to work out scheduling.
'People fly private so they don't have to go through the airport,' Petrossov told Business Insider.
'You can show up five minutes before the flight, park your car right next to the jet, and then just get on your flight,' Petrossov said.
A free helicopter ride will even be offered from the airport to take you to your hotel.
Some of the most popular routes include the 'Golden Triangle' between Miami, New York and Los Angeles. But almost anything is possible. JetSmarter once received a request to transport a tonne of gold between South America and Europe
Some of the most popular routes include the 'Golden Triangle' between Miami, New York and Los Angeles. But almost anything is possible. JetSmarter once received a request to transport a tonne of gold between South America and Europe


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