ShareAJet Exchange program thrives despite recession
Written by Private Jet Daily Staff
While the recession is still hurting private aviation companies, some have found alternative ways to make revenue.
Blue Star Jets has a consistent revenue stream thanks to its launch of the ShareAJet Exchange Program. Due to its success, many experts think that it can be the industry standard of the future.
The program is simple. It is an online social network that allows private jet travellers to meet and arrange flight time and flight destination. They share the cost of a private jet trip, cutting their individual expenses in half.
“A lot of our customers cannot believe this never existed before. Clients are asking for it, so why not give them what they want?” said Rick Sitomer, CEO of Blue Star Jets.
He continues, “It is a service that's here to stay. The value proposition is unbeatable with the luxury of flying privately at half the cost. It's a win-win proposition.”
Sitomer also said that most of the ShareAJet passengers are private individuals and not business travellers. If you factor in the current credit crunch, cutting back on travel expenses is understandable said Sitomer. However, the CEO is confident in the ShareAJet model and knows that it will soon be used by the corporate community.
“Leisure travelers are the bulk of our patrons, so far, with flights to L.A. to New York, New York to Florida, the north-to-south crowd, and the weekend vacationers,” added Sitomer. “They love the convenience and quality time it affords them. It will gain popularity in business circles, too. In the long run, it saves lots of money.”
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