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MOBILE & TELECOMMUNICATIONS | Mobile Commerce / Travel (mobile)
jetsmarter.com

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Founded Year

2012

Stage

Loan | Acquired

Total Raised

$156.5M

About JetSmarter

JetSmarter is a mobile marketplace that offers instant pricing and availability for private jets worldwide. The application democratizes the private jet industry by decreasing the entry price for consumers, and helping air carriers' gain more exposure within the market.

JetSmarter Headquarter Location

500 E Broward Blvd 19th Floor

Fort Lauderdale, Florida, 33394,

United States

888-984-7538

Latest JetSmarter News

Dubai-based private jet operator Vista Global holds SPAC merger talks

Jun 9, 2021

A transaction could value Vista at more than $10 billion including debt Published:  June 09, 2021 15:14 Also in this package Dubai: Vista Global Holding Ltd., a private aviation provider that competes with Warren Buffett's NetJets, is in talks to go public through a merger with a special purpose acquisition company, according to people familiar with the matter. A transaction could value Vista at more than $10 billion including debt, said the people, who asked not to be identified because the information is private. The company has projected 2021 earnings before interest, taxes, depreciation and amortization of about $450 million, a person briefed on the matter said. Terms of a potential deal haven't been finalized, and the identity of the blank-check firm in talks with Vista couldn't immediately be learned. Vista's chairman and majority owner is Swiss billionaire Thomas Flohr, who started in 2004 with just three planes. Its business is built around VistaJet, which has a fleet of more than 70 aircraft adorned with the firm's hallmark silver and red livery, according to its website. Rhone Capital invested in the private jet firm in 2017 at a valuation of more than $2.5 billion. Dubai-based Vista in 2019 agreed to buy U.S. rival JetSmarter in a deal that gave Clearlake Capital and Jefferies Financial Group Inc. stakes in the combined company. It agreed to acquire XOJET in 2018, Red Wing Aviation in 2020 and Apollo Jets in March to add customers and new services. A Vista listing could benefit from rising interest for private jets amid the pandemic as the wealthy continue traveling while minimizing potentially risky contact with others. Still, the volume of SPAC deals have slowed from record highs amid backlogs in financing and an oversupply of such vehicles. Representatives for Vista, Clearlake, Rhone and Jefferies declined to comment. Vista in April said it received the first of two Global 7500 aircraft, which it describes as the largest and longest-range business jet. It has also ordered ten Challenger 350 planes from Bombardier Inc. amid "growing and urgent demand" from executive travelers. The company has partnered with athletes including golfer Phil Mickelson and Formula 1 drivers Charles Leclerc and Carlos Sainz to attract high-end clientele. Another private jet operator, Wheels Up Partners Holdings LLC, agreed in February to go public through a merger with Aspirational Consumer Lifestyle Corp., a Singapore-based SPAC. Big name investment firms are also betting on a boom in high-end travel. Blackstone Group Inc. and Global Infrastructure Partners joined forces in February to buy Signature Aviation Plc for $4.7 billion, ending a bidding war for the world's biggest operator of private-jet bases.

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Expert Collections containing JetSmarter

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

JetSmarter is included in 2 Expert Collections, including On-Demand.

O

On-Demand

1,283 items

T

Travel Technology (Travel Tech)

2,046 items

The travel tech collection includes companies offering tech-enabled services and products for tourists and travel players (hotels, airlines, airports, cruises, etc.). It excludes financial services and micro-mobility solutions.

JetSmarter Patents

JetSmarter has filed 14 patents.

The 3 most popular patent topics include:

  • Computer storage media
  • Rotating disc computer storage media
  • DVD
patents chart

Application Date

Grant Date

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Related Topics

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3/8/2018

4/20/2021

Graphical user interface elements, Graphical user interfaces, Graphical control elements, Graphical user interface testing, Software testing tools

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4/20/2021

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Related Topics

Graphical user interface elements, Graphical user interfaces, Graphical control elements, Graphical user interface testing, Software testing tools

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Status

Grant

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