For years, the only way to cross the Atlantic was by ship, a lengthy and hazardous journey. In 1909, Orville and Wilbur Wright flew the first airplane. In 1912, the Titanic sank. In 1914, the first commercial passenger airline flew operating between St. Petersburg and Tampa, Florida. Commercial flights, however, didn’t become popular until 1939.
Given that history, it seems only fitting that Sergey Petrossov, an American serial entrepreneur should start an innovation to air travel in the state of Florida.
Always an eager entrepreneur with his eye on luxury and how to do things differently, Sergey Petrossov tried to charter a private plane and realized that the system to hire a private jet was archaic, clumsy, and difficult. Sergey Petrossov then created what is called the Uber of planes. He was shocked that in 2009, these companies were still using fax machines and phones to charter their planes.
Sergey Petrossov is the founder and CEO of JetSmarter, truly a smart way to secure a jet, with the JetSmarter app in 2012.
Sergey Petrossov saw that private aviation was a $25 billion market that struggled to match up planes, routes, and clients. He saw the opportunity in the value of a scant 200,000 customers for an industry operates at about 10 percent efficiency. Most planes fly for only about 300 hours a year when they could be flying as many as 2,000 hours. Many private flights have one or two people aboard, and 35 percent of their flight time consists of return flights with no passengers on board. It’s common business knowledge that any piece of business equipment should be out making money, not sitting on tarmac doing nothing. With creative proprietary algorithms, JetSmarter matches planes and clients in a seamless transaction.
Because JetSmarter creates something enjoyable and easy, this experience will soon be within reach of everyone who flies.