JetSmarter

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JetSmarter Inc.
Company type
Private
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Headquarters
Fort Lauderdale, Florida
,
United States
Area served
Worldwide
Key people
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  • Sergey Petrossov (CEO)
ServicesMobile application, flight sharing, aircraft for hire
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Websitejetsmarter.com

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JetSmarter was a corporation and mobile application for private jet users. The company was headquartered in Fort Lauderdale, Florida, United States.[1] The app connected users to available aircraft and routes in the United States, Europe and Middle East.[2][3][4] The company was purchased by Vista Global in 2019 and merged into a new brand, XO.

History

JetSmarter was founded in 2012 by entrepreneur Sergey Petrossov,[5][6] whose idea made him one of Forbes' "30 Under 30" business leaders of 2016.[7][8] In August 2012, the beta version was launched and tested among a closed group of private aviation users. After testing proved successful, Petrossov sought and received substantial venture funding to expand JetSmarter's scope.[9] In March 2013, the JetSmarter app was launched and made available to the general public on both iOS and Android devices.[10]

In June 2015, JetSmarter announced its new European headquarters in Zurich, Switzerland. In early 2016, it launched flights within Europe.[11][12] JetSmarter had offices in Zurich, London, Moscow, Dubai, Riyadh, and Fort Lauderdale.[13]

On April 10, 2019, Dubai-based Vista Global said it had made an agreement to acquire JetSmarter adding it to its aviation portfolio, which includes VistaJet and XOJET. Vista said it would maintain JetSmarter's office in Ft. Lauderdale where its digital team was based.[14]

On June 27, 2019, Vista Global announced it had combined JetSmarter with its XOJET subsidiary rebranding the combined entity as XO, powered by JetSmarter technology.[15]

Funding

According to Business Insider and TechCrunch, JetSmarter raised $20 million from the Saudi Royal Family, American rapper Jay-Z, American serial entrepreneur and investor Wayne Chang,[16] and Goldman Sachs Alternatives.[13][17][18]

In December 2016, JetSmarter announced it had raised an additional $105 million at a $1.6 billion valuation. The company said this would fuel international expansion and add at least 80 more routes to its existing 50 routes.[19][20][21]

Services

JetSmarter flight services included a mix of shared and private flights:

  • Seats on existing jetpooling flights.[22]
  • On-demand shared flights. [citation needed]
  • On-demand private flights.
  • Helicopter transfers in select cities.
  • Empty-leg flight deals, or repositioning flights.[23]

JetSmarter claimed to offer 3,000 private jets and 2,000 free empty legs per month.[24] In January 2016, Chicago Tribune reported that JetSmarter had launched app-based private charter service in Chicago, using Midway International Airport as its access point.[25] Adding to its services, the company offered helicopter transfers in select cities.[26]

In May 2018, JetSmarter announced it would have a fleet of 20 JetSmarter branded aircraft by the end of the year. The aircraft would be managed and operated by JetEdge, a Part 135 operator. It also said it had eliminated free shuttles and for new members, it had eliminated free flights under three hours. The company also said it was providing integration via SAP Concur to attract more corporate travel business.[citation needed]

Partnership

JetSmarter partnered with various air carriers that span the range of the private charter industry.[27][28] Partnerships included Pernod Ricard,[29] Vertis Aviation,[30] and SportStar Relocation.[31] The company also partnered with Jet Edge and Air Hamburg to cater to its global community of private jet fliers.[32]

Corporate affairs

In 2017, The Verge reported that management of JetSmarter offered free flights to its reporters if an article was posted within five days of the flight.[33] According to the reporter if the story did not appear within that timeline, the reporter's credit card would be charged $2,000.[34]

On February 16, 2017, the President of Jetsmarter, Gennady Barsky, resigned after he was arrested at the Broward Financial Center, site of the company's headquarters. He was charged with five counts of grand theft by embezzlement by authorities in Contra Costa, California.[35]

In January 2019, CNBC aired an investigative report on JetSmarter, stating that "JetSmarter tried to be the Uber of private jets, now it faces lawsuits and losses". CNBC also published a letter from JetSmarter's general counsel attempting to quash its investigation. The report included a video of a flight that was diverted by a passenger making terroristic threats.[36]

Key people

Sergey Petrossov

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Sergey Petrossov
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Moscow, Russia
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CitizenshipAmerican
Alma materUniversity of Florida
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Known forFounder of aviation technology company JetSmarter and integration with XO
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Sergey Petrossov is an American entrepreneur of Armenian descent, known for founding JetSmarter. He then held executive roles at Vista Global related to their acquisition of JetSmarter and integration with XO.[38]

Early life and rducation

Petrossov was born in Moscow, Russia. He moved to the United States at the age of 4. He spent time living in California, Colorado, and Florida. Petrossov attended the University of Florida in Gainesville, Florida, studying business and finance.[39]

Career

In 2009 Petrossov co-founded the Federal System of Distance Education shortly after graduating. The company developed cloud-based software for schools and universities.[40]

In 2012 Petrossov launched JetSmarter, which enabled people across the globe to book trips on private jets using its mobile app. Petrossov was inspired to launch the start-up after his first trip on a private plane in 2009, during which he found the process difficult and outdated. In 2017, JetSmarter was valued at $1.5 billion and had institutional investor backing by Clearlake Capital and Jefferies Financial Group.

In 2019, JetSmarter was acquired by Vista Global. Petrossov then served as President of XO and Chief Growth & Digital Officer of Vista Global after the acquisition.[41][42][43]

References

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  1. ^ Page Module:Citation/CS1/styles.css has no content."Jetsmarter: The Uber of Air Travel". The Wall Street Journal. Retrieved January 26, 2016.
  2. ^ Page Module:Citation/CS1/styles.css has no content."Steep Fees and First-Class Prices, but Private Jets Are Available to More". The New York Times. February 16, 2015. Retrieved January 26, 2016.
  3. ^ Page Module:Citation/CS1/styles.css has no content.Camila Souza. "JetSmarter Is Uber for Affordable Private Jets". Tech Cocktail. Retrieved January 20, 2015.
  4. ^ Page Module:Citation/CS1/styles.css has no content."South Florida's flourishing private jet market attracts new entrants". Sun Sentinel. August 25, 2017. Retrieved August 25, 2017.
  5. ^ Page Module:Citation/CS1/styles.css has no content.Thomas, Aby Sam (March 1, 2015). "Sergey Petrossov's Sky-High Ambitions". Entrepreneur Media, Inc. Entrepreneur.
  6. ^ Page Module:Citation/CS1/styles.css has no content.Mikhail Starodubov. "Fancy a quick getaway? Just hail a private jet". News24. Archived from the original on March 4, 2016. Retrieved January 20, 2015.
  7. ^ Page Module:Citation/CS1/styles.css has no content.Bertoni, Steven (January 24, 2016). "Forbes 30 under 30 2016". Forbes.
  8. ^ Page Module:Citation/CS1/styles.css has no content.Hussain, Jawad (November 9, 2015). "Interview: How Sergey Petrossov revolutionized private jet business". Arabian Gazette. Archived from the original on May 2, 2016. Retrieved April 8, 2016.
  9. ^ Page Module:Citation/CS1/styles.css has no content.Rachel Hennessey (October 31, 2014). "The JetSmarter App Puts Air Travel at Your Fingertips". Forbes. Retrieved January 20, 2015.
  10. ^ Page Module:Citation/CS1/styles.css has no content."Fancy a quick getaway? JetSmarter app will hail a private jet". Reuters. December 10, 2014. Retrieved November 24, 2025.
  11. ^ Page Module:Citation/CS1/styles.css has no content.Davidson, Lauren (March 22, 2016). "'Uber for private jets' launches on-demand service between London and Europe". Telegraph Media Group Limited. Daily Telegraph.
  12. ^ Page Module:Citation/CS1/styles.css has no content.Jan Kamps, Haje (March 23, 2016). "JetSmarter puts a jet in your pocket, and is happy to see you". AOL Inc. Techcrunch.
  13. ^ a b Page Module:Citation/CS1/styles.css has no content.Kamps, Haje Jan (March 23, 2016). "JetSmarter puts a jet in your pocket, and is happy to see you". AOL. TechCrunch.
  14. ^ Page Module:Citation/CS1/styles.css has no content.Wile, Bob (October 23, 2020). "JetSmarter is being acquired. Its buyer plans to hire more in Fort Lauderdale". miamiherald.com. Retrieved May 28, 2024.
  15. ^ Page Module:Citation/CS1/styles.css has no content.Gollan, Doug. "Vista Global Rebrands JetSmarter And XOJET To XO, While PrivateFly Launches Fixed Rate Flights In The U.S." Forbes. Retrieved May 28, 2024.
  16. ^ Page Module:Citation/CS1/styles.css has no content."Meet the private-jet startup backed by Jay Z and the Saudi royal family". Business Insider. Retrieved August 26, 2016.
  17. ^ Page Module:Citation/CS1/styles.css has no content."An 'Uber for private jets' startup just raised $20 million from Jay Z and the Saudi Royal Family". Business Insider. Retrieved January 26, 2016.
  18. ^ Page Module:Citation/CS1/styles.css has no content."With $20M In The Bank, JetSmarter Is Building The Uber Of The Skies". TechCrunch. Retrieved January 26, 2016.
  19. ^ Page Module:Citation/CS1/styles.css has no content.Bensinger, Greg (December 12, 2016). "Private-Jet Booking App Lands $105 Million in Funding". Wall Street Journal. ISSN 0099-9660. Retrieved December 18, 2016.
  20. ^ Page Module:Citation/CS1/styles.css has no content."JetSmarter Raises $105 Million for Uber-Like Services in the Sky". Bloomberg.com. December 12, 2016. Retrieved December 18, 2016.
  21. ^ Page Module:Citation/CS1/styles.css has no content."Jay Z-backed private jet firm JetSmarter raises $105 million at $1.5 billion valuation". VentureBeat. December 12, 2016. Archived from the original on October 13, 2017. Retrieved December 18, 2016.
  22. ^ Page Module:Citation/CS1/styles.css has no content."JetShuttle of JetSmarter". JetSmarter. Archived from the original on February 3, 2016. Retrieved January 26, 2016.
  23. ^ Page Module:Citation/CS1/styles.css has no content."Need a Private Jet in a Pinch? Try This App". Bloomberg. Retrieved January 20, 2015.
  24. ^ Page Module:Citation/CS1/styles.css has no content."Empty Leg Flights Make Private Jet Travel More Affordable". LuxuryEscapes.com. Retrieved January 26, 2015.
  25. ^ Page Module:Citation/CS1/styles.css has no content."JetSmarter brings app-based private charter service in Chicago". Chicago Tribune. January 11, 2016. Retrieved January 26, 2016.
  26. ^ Page Module:Citation/CS1/styles.css has no content."These Two Aviation Companies Are Redefining Private Jet Travel". Forbes. Retrieved January 14, 2017.
  27. ^ Page Module:Citation/CS1/styles.css has no content.Vicky Karantzavelou. "JetSmarter partners with GlobeAir enabling international expansion". TravelDailyNews. Archived from the original on October 18, 2014. Retrieved January 20, 2015.
  28. ^ Page Module:Citation/CS1/styles.css has no content.Marcia Heroux. "Charter a flight with the tap of an app". Sun-Sentinel. Retrieved January 20, 2015.{{cite web}}: CS1 maint: deprecated archival service (link)
  29. ^ Page Module:Citation/CS1/styles.css has no content.Ricard, Pernod. "Pernod Ricard and JetSmarter Announce One-Of-A-Kind Partnership". www.prnewswire.com (Press release). Retrieved June 11, 2018.
  30. ^ Page Module:Citation/CS1/styles.css has no content."Vertis Inks ME Partnership with JetSmarter". Retrieved December 7, 2016.
  31. ^ Page Module:Citation/CS1/styles.css has no content."SportStar Relocation Announces Partnership with JetSmarter". April 27, 2017. Retrieved April 27, 2017.
  32. ^ Page Module:Citation/CS1/styles.css has no content."The Fastest-Growing Private Jet Company In The World". Retrieved March 2, 2016.
  33. ^ Page Module:Citation/CS1/styles.css has no content.Sottek, T.C. (March 3, 2017). "JetSmarter Tries to Extort Journalists for Positive Coverage". The Verge. Retrieved March 20, 2017.
  34. ^ Page Module:Citation/CS1/styles.css has no content."This Startup Made Journalists Agree To Write Positive Reviews Or Pay Them $2,000". Jalopnik. March 5, 2017. Retrieved March 5, 2017.
  35. ^ Page Module:Citation/CS1/styles.css has no content."Ex-JetSmarter president arrested". miamiherald.com.
  36. ^ Page Module:Citation/CS1/styles.css has no content.Wu, Robert Frank, Scott Zamost, Hannah Kliot, Jasmine (January 10, 2019). "JetSmarter faces lawsuits, losses and security questions". www.cnbc.com. Retrieved April 14, 2019.{{cite web}}: CS1 maint: multiple names: authors list (link)
  37. ^ Page Module:Citation/CS1/styles.css has no content."What it's like to run a billion-dollar startup — at age 28". Maiami Herald. March 30, 2017.
  38. ^ Page Module:Citation/CS1/styles.css has no content."Jetsmarter: The Uber of Air Travel". Wall street journal video. Retrieved November 16, 2025.
  39. ^ Page Module:Citation/CS1/styles.css has no content.Scivoli, Michael. "Jet Life: Sergey Petrossov". Atlanta vue. Retrieved November 14, 2025.
  40. ^ Page Module:Citation/CS1/styles.css has no content.Dahlberg, Nancy. "What Its Like To Run A Billion Dollar Startup At Age 28". Miami herald.
  41. ^ Page Module:Citation/CS1/styles.css has no content.Cooper, Laura. "Clearlake Capital Invests in JetSmarter". Wall street journal. Retrieved November 14, 2025.
  42. ^ Page Module:Citation/CS1/styles.css has no content.Schrodt, Paul. "Meet the 29-Year-Old CEO Who Turned His Hobby Into a $1.5 Billion Business That's Backed by Jay-Z". Money. Retrieved November 14, 2025.
  43. ^ Page Module:Citation/CS1/styles.css has no content.Dahlberg, Nancy. "JetSmarter, once a high-flying unicorn, is being acquired". Refresh Miami. Retrieved November 16, 2025.
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