Jet Token is a Title III - Regulation Crowdfunding Campaign and is actively accepting investments.
$100.20 minimum investment

Jet Token

Private Aviation Platform

Small OPO
Wilmington, DE
Software & Services
Accepting International Investment
Play video

Democratize Private Jet Travel

Invest in the Jet Token Platform

Introducing Jet Token Inc, an aircraft membership and booking platform for the ultramodern age of aviation. For the first time, you will be able to use a single platform to book a new HondaJet, or one of 4,000 other private jets, and pay with either cash or blockchain currencies.  Eventually we plan for members to be able to use credit for flight time on private jets or on any commercial airlineJet Token innovations offer travelers more freedom and more choice; but we need your vote.


We have a deposit agreement from HondaJet and a letter of intent from Gama Aviation USA, respectively, for the phased delivery and operation of four aircraft in 2019. HondaJet is the aircraft manufacturing subsidiary of Honda Motor Company and Gama Aviation is one of the largest aircraft management companies in the United States with a managed fleet of over 200 aircraft, employing 1,400 people worldwide at 45 different locations in 17 countries across five continents. 


We make money two ways:  (1) we use our platform to book travelers onto aircraft (2) we sell 25 and 50 hour memberships on our fleet of leased HondaJets (and charter out those jets when free).  The prospective terms of our aircraft leases allow us very low minimum payment, radically reducing the monthly burn rate associated with most private aviation startups. Blockchain has created incredible new wealth in the past ten years and we have taken special care to understand and accommodate the payment preferences of the new tech-savvy flyers who have benefited.


The high price of an hour of flight time in private aviation and the customer’s desire to manage that cost help explain how another innovator in the private aviation industry, MarquisJet, was able to go from zero to $240mm of sales in only four years.


Seasoned executives helped craft the business model. Our CEO to be has twenty years of industry experience, seven of them spent as CEO of an existing private jet operation. Our board includes former senior officers from FedEx, Embraer, FlexJet by Bombardier, IAF, CheckPoint Software and the founders of GoGo Jet and Myjets.com, respectively. Myjets.com was the first online private aircraft reservation system, and it partnered with The Air Charter Guide (now called Avinode) to create the original database of private jet operators.


Why have aircraft at all?  Simply put, no one needs another middle man without aviation assets. Thirty calendar days per year (holidays, major sporting events etc) it's difficult if not impossible to fly private without the guaranteed access provided by a jet membership program such as ours. The ability to safely offer guaranteed capacity, on demand, is the most important feature one can deliver in private aviation. Also, our aircraft give us the ability to attract online visitors with flight offers.


Where can I fly? Successful jet operations traditionally begin life with a single aircraft type and a focused geography. For this reason, we plan to offer service in the Western US where we expect to base our uniform fleet of HondaJets. Want to travel on a HondaJet out of region? No problem, use the platform to book it or any one of 4,000 other planes. We'll work to help you match the right aircraft to the right mission.

Images are of the type of aircraft we intend to lease

Development Stage

Today we have a smart contract on the Ethereum network running for demonstration purposes (PPJC). The founder and a member of the advisory board have together successfully executed a separate blockchain project (www.monetarycoin.org) and for this reason have confidence around building the as yet undeveloped booking platform. We can start selling memberships now and chartering third party aircraft as well.  After a year of preliminary work, we are eager to build a business, and with your help, bring new jobs and new technology to democratize private travel.


The Offering


Investment
$0.06 per share of Common Stock│When you invest you are betting the company’s future value will exceed $6.5M.


Perks*

$500 — HondaJet Red Baseball Cap

$2,500 — HondaJet Fleece Blanket Set

$5,000 — The first two perks plus a Blue HondaJet Coffee Mug

$10,000 — HondaJet Mont Blanc Fountain Pen


*All perks are optional by investor & occur after the offering is completed.


Why Have Planes?

Images are of the type of aircraft we intend to lease

Why the HondaJet? HondaJets are ideally suited to trips under 2 hours carrying 2-3 passengers, and can fly many times a day. We believe the HondaJet is one of the quietest and most cost efficient light jets on the market and at the same time has the plenty of baggage and interior room (including an enclosed lavatory). The wing mounted engines, a miracle of modern engineering, allow for a tranquil, spacious interior. Engines on the wings mean less weight on the tail and more room in the cabin.


Where is the company located?

The company’s day-to-day operations are expected to be based in Las Vegas, NV with software development in Tel Aviv, Israel. Las Vegas is close to two major US Air Force bases and is serviced by one of the top five most visited private airports in the US. Tel Aviv plays home to cost-efficient and highly innovative software development talent (i.e. StartupNation).

Who Flies the Planes?

Gama Aviation, the largest  fleet of private jets in the US and third largest operator of private aircraft in the US. We intend to contract with Gama for all flight operations and repair. Gama Highlights:

  • Participant in FAA Safety Management System Pilot Program Level 3
  • IS-BAO Registered
  • NBAA Certified Aviation Managers Program
  • ISO 9001:2015 Certified
  • FAA Eligible On Demand Approved
  • ARG/US Platinum Rated
  • Wyvern Recommended
  • ATOS Compliant Manual System
  • FAA Diamond Award Winning Maintenance Department
  • ACSF Registered

What About Safety?

Gama Aviation USA and HondaJet together already successfully operate and maintain HondaJets in two separate markets on the East Coast. We represent a West Coast expansion of an already safe and successful combination. Gama can safely provide substitute aircraft at competitive rates in the event all our jets are in service and we have excess demand.


All pilots will be trained at the FlightSafety international campus in Greensboro, NC - right next to the HondaJet plant. And we should know, we visited both facilities to see for ourselves.


The HondaJet has built an excellent track record for safety, but don't take our word for it: see for yourself.

Why HondaJet?

Below please see the informative video on the HondaJet, the type of aircraft we intend to lease.

How Big is the Market

How big is the addressable market?

  • According to NBAA the business jet industry contributes $150 billion dollars per year to the US economy.
  • Part-135 business jet charter operators logged over a million landings in 2017 per ARG/US data.

  • The average flight lasts 1.5 hours with 2-3 passengers, and we estimate the average cost to operate a US business jet at $5,000/hr.

  • Most charters include the cost of the empty return leg so a 1.5 hour trip typically translates to 3 hours of billed time, or ~$15,000.

  • One million landings per year x $15k per landing equals $15bn in charter landings alone (ignoring 400k landings from fractional jet membership programs).

  • That's approximately 2,740 charter landings per day at any one of 5,000 private airports or 500 commercial airports.

Images are of the type of aircraft we intend to lease

Only 4,000 of the 13,750 total privates jets in the US actually fly charter. Why? Many plane owners have decided not to seek FAA certification and special insurance to permit third parties to pay to fly on their planes.


Millions of flyers compete for peak time on these 4,000 aircraft. As mentioned above, thirty calendar days per year (holidays, major sporting events etc) it's difficult, if not impossible to fly private without the guaranteed access provided by a jet membership program such as ours.

Images are of the type of aircraft we intend to lease

What about the Competition?

Although the FAA lists approximately 2,000 Part-135 operators (many with just a single airplane) we count roughly 35 competing programs and note the following because of their scale:

 •  Delta Private Jets          •  XOJET                •  JetSuite                •  FlexJet          •  WheelsUp                      •  JetSmarter       •  JetLinx  

 •  VistaJets                         •  NetJets


Our primary competitor is JetSmarter, a charter broker with no proprietary aircraft. In order to access JetSmarter’s preferred rates, one has to pay a membership fee which can range from $2,000 to $10,000. Customers who book without a membership pay higher rates to JetSmarter.


What makes us different? Owning our own planes will allow us to guarantee a certain amount of capacity, unlike companies such as JetSmarter.  Want to pay with a blockchain currency? We can help there too.


How do we compete? One aircraft type means simplified, uniform, maintenance. A limited (sunny) service area means we've matched the range of the airplane to the distances between major cities customers frequent. By being blockchain payment compatible we cater to the crypto-savvy who have created over a hundred billion dollars of wealth in the past decade and who expect merchants to make their payment systems more compatible.

Invest Today

We make money two ways, the booking platform and memberships. Seasoned executives helped craft the business model and our proposed aircraft lease terms allow us to pay as we fly, a unique financing advantage for a new company. We have a pending deposit agreement with HondaJet and a letter of intent with Gama Aviation USA.


As noted earlier, the price of an hour of flight time and the customer’s desire to manage that cost help explain how another innovator in the private aviation industry, MarquisJet, was able to go from zero to $240mm of sales in four years (until it was successfully sold). We are eager to build a business and with the goal of creating shareholder value, and with your help, bring new jobs and new technology to democratize private travel.

Images are of the type of aircraft we intend to lease

We are eager to work in your interest, wheels up!

In the Press

Ridesharing With Airplanes, on Blockchain: Mike Winston of Private Jet Coin Explains
November 7, 2018

So, your cryptocurrency bag hasn’t 'mooned' enough to afford your own private jet yet? Private Jet Coin chairman Mike Winston says there are other options, and you could book them using a blockchain-based platform. His company took third in CoinAgenda USA 2018’s most promising startup competition.

Offering Summary


Company

:

Jet Token Inc.

Corporate Address

:

140 Broadway, 46th Floor, New York, NY 10005

Offering Minimum

:

$9,999.96

Offering Maximum

:

$1,069,999.98

Minimum Investment Amount

(per investor)

:

$100.02











Terms


Offering Type

:

Equity

Security Name

:

Series CF Non-Voting Preferred Stock

Minimum Number of Shares Offered

:

166,666

Maximum Number of Shares Offered*

:

17,833,333

Price per Share

:

$0.06

Pre-Money Valuation

:

$5,508,000.00










*Maximum subject to adjustment for bonus shares. See 10% Bonus below


Perks*

$500 — HondaJet Red Baseball Cap

$2,500 — HondaJet Fleece Blanket Set

$5,000 — The first two perks plus a Blue HondaJet Cofee Mug

$10,000 — HondaJet Mont Blanc Fountain Pen

*All perks optional by investor & occur after the offering is completed.


The 10% Bonus for StartEngine Shareholders

Jet Token Inc. will offer 10% additional bonus shares for all investments that are committed, within 24 hours of this offering going live, by StartEngine Crowdfunding Inc. shareholders who invested over $1,000 in the StartEngine Reg A offering which closed earlier this year. 

StartEngine shareholders who invested $1,000 or more in that StartEngine Reg A offering will receive a 10% bonus on this offering within a 24-hour window of this offering’s launch date. This means you will receive a bonus for any shares you purchase. For example, if you buy 10,000 shares of Series CF Non-Voting Preferred Stock at $0.06 / share, you will receive 11,000 Series CF Non-Voting Preferred shares, meaning you'll own 11,000 shares for $600. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors received their countersigned StartEngine Crowdfunding Inc. subscription agreement.

Irregular Use of Proceeds

The Company will not incur any irregular use of proceeds.

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Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Notice of Funds Disbursement

4 days ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Jet Token has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Jet Token be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Startup Campaign Page

6 days ago

Please be sure to follow campaign progress for the Jet Token startup at http://www.startengine.com/jettoken ; spread the word (and the link)! Thanks!



125+ investors in the last week!!

7 days ago

What a week! 

In the past seven days 129 investors have joined the campaign! We're honored to welcome each and every person.

Our success is now your success too! So, please keep telling your friends and family about Jet Token!

For those of you who have not yet invested, please act today.

Thanks!

Jet Token

Notice of Funds Disbursement

13 days ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Jet Token has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Jet Token be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Thank You!

16 days ago

Thank you to all 289 of our incredible investors for their ~$90k investment! We are looking forward to the next stage of the campaign and would invite those with open carts to take the next step and to invest today. Thanks!

Recent Investors - Reconfirmation

21 days ago

Recent investors may get an e-mail from StartEngine asking them to reconfirm via e-mail. The SEC requires this when a campaign extends its duration. Please be sure to reconfirm when you get that e-mail (check your junk/spam folders folks)! We appreciate your investment and we appreciate you!

More time to invest

21 days ago

Based on popular demand we have extended the campaign ~60 days! Let's build together! Thanks!

Notice of Material Change in Offering

21 days ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Jet Token offering. Here's an excerpt describing the specifics of the change:


Jet Token Inc. has extended its campaign and added its 2018 financials.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Reminder: Complete investment today!

22 days ago

You are cordially invited to complete your investment check-out process today.

Thanks so much for your interest in Jet Token!!

Notice of Funds Disbursement

about 1 month ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Jet Token has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Jet Token be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Notice of Funds Disbursement

about 2 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Jet Token has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Jet Token be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Notice of Funds Disbursement

2 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Jet Token has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Jet Token be on the lookout for an email that describes more about the disbursement process.

This campaign is continuing to accept investments!

Thanks for funding the future.

-StartEngine

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