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 airline. Jet 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.