There are many people who are frustrated with the world of commercial travel and believe that something should be done to shake up this industry. Enter Sergey Petrossov and his company, JetSmarter. His young business has already taken the world of jet travel by storm. He was born in Russia but moved to the Southern United States at a young age. His company was founded only a few short years ago; however, it has grown and now includes more than 14,000 members. Furthermore, his company is valued at more than $1 billion. Clearly, his company has turned into one of the biggest successes in the world of travel. While his company has targeted the private jet travel industry, he is targeting the commercial titans as well.
In the past, people have compared Sergey Petrossov and his company to ridesharing apps such as Uber and Lyft. While the comparison is straightforward, Sergey Petrossov sees his company as something that is much more than this. Because his business is in the private travel industry, this creates the feel of exclusivity. On the other hand, Sergey Petrossov wants everyone to think of his company as a form of efficiency. Individuals using the JetSmarter app are able to book a private flight with the push of a button. The membership packages range widely in their pricing. Furthermore, Petrossov sees the price coming down in the future. This means that the gap between the world of private jet travel and commercial travel is quickly starting to close.
As the gap continues to close, Sergey Petrossov sees a way for him to take a large chunk of the market share away from the commercial industry. With the added fees, stress, and inefficiencies of the commercial world, more people might be shifting to the world of private jet travel. It will be interesting to watch this process unfold in the future.