In this month’s issue of Vanity Fair magazine, author William D. Cohan writes about how private jets have become the modern status symbol of the super rich, a coveted currency that goes far beyond a mode of transportation that gets you across the country faster.
“Private jets have become the essential element of modern superrich business and pleasure infrastructure, woven in deeply, the communal living space for the most acquisitive, rapacious people in the world.”
Justin Crabbe, Founder and CEO of Jettly, a web and single app charter booking platform, says the time has come to make private jet travel more accessible to more people.
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“Private air travel is undoubtedly reserved for the rich, famous, and the high stakes game of corporate commercialism,” he says. “The rich and famous aren’t going anywhere any time soon. In tough economic times, there may be a downturn in the private air charter market as a result, but that’s going to be something that’s very temporary. We don’t see the market or economy changing any time soon. In fact, we see the complete opposite where 60% of our flyers are brand new to this industry. We’ve democratized the space and have been changing the way people fly worldwide.”
Crabbe is a pilot himself, and has a unique perspective on why the billion dollar global jet industry is booming. The people who run Jettly say their service is the Expedia of private jet aviation – go online and select your aircraft type, the date of your departure and destination, whether you need a pickup, and they take care of the rest.
Crabbe says Jettly fills an inventory void – more than 40 per cent of all private jet flights are empty legs, he adds. Jettly books customers into those empty legs. So they are bringing efficiency to it, he says, and savings to consumers in part because brokers are taken out of the equation, adding that the Jettly apps make it easier for the consumer to book what they need. Go onto their site and you can get quotes for executive jets, helicopters, light jets, turbo props, long-range jets, even ultra-long range aircraft. With over 9,500 aircraft and nearly 24K customers flying to over 190 countries, Jettly has experienced a 458% year-over-year revenue growth, Crabbe says.
The company offers membership options for individuals, families and small businesses, as well as to larger executive teams or big businesses. Jettly compares the prices for you, ideal aircraft at best price, as well as aircraft and operator safety information.
So perhaps while not the superrich who own their jets, many affluent people and business people can still have the private jet experience when they want it. For pilots and operators those jet legs would have been grounded, so why get some revenue flowing through? That’s the niche that Crabbe’s service fills.
Regarding Luxury sat down with Crabbe for a discussion about the private jet industry and his service: