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Old Aug 24, 17, 10:25 am
Join Date: Apr 2006
Posts: 469
As we shared in the August newsletter, we are excited to have secured a large institutional investment to fund further expansion. Our new financial partners include Clearlake Capital, a $4 billion private equity firm, and Leucadia National Corporation, a $9 billion public holding company. So how do we plan to use this funding?

It will be a phased rollout with new routes in our sights, and we are going to start by scaling our existing routes first, with an initial focus on New York-Los Angeles and Los Angeles-South Florida. We are focusing on these specific hubs since a large percentage of members call these cities home and because New York-Los Angeles is the route where we most anticipate membership growth. Our goal is to scale these routes to two flights per day by year end, and here is our plan for getting there.

We’ve heard you loud and clear that the couch is not a comfortable option for coast-to-coast flights, and that you would prefer dining options on longer flights. That’s why we are going to use a portion of the funding to transform our 3+ hour flights, starting with New York-Los Angeles and Los Angeles-South Florida, into the VIP experiences you have been asking for and very much deserve.

Everyone will now enjoy the comfort of a captain's chair (no couch, unless someone wants it to themselves), free catering, and the convenience of flying with a flight attendant on a heavy jet (e.g. Gulfstream GIV-SP, Global Express, or Legacy 600). As I mentioned, we are going to start with these two routes, but our goal is to eventually transition all flights longer than 3 hours into VIP shuttle experiences.

The next major challenge is to solve the frequency of flights. To stimulate flight creation along the New York-Los Angeles and Los Angeles-South Florida routes, we are also reducing the cost of CUSTOMSHUTTLES while at the same time, elevating the experience.

For Flight Creators
Right now, it costs $16,470 to create a CUSTOMSHUTTLE on a heavy jet between South Florida and L.A. or between New York and L.A. In the beginning of September, we will only require two seats, and the creation prices will start at just $7,950 for SMART Members. We are thrilled to bring you on-demand, heavy-jet flights with premium seating and catering for such a low creation cost.

In addition to lowering the creation cost, at the end of August, we are also launching a flight credit rebate program for all CUSTOMSHUTTLE creators on ALL routes. Similar to SHAREDCHARTERS, this new rebate program gives you another convenient way to monetize the seats you don’t need by allowing JetSmarter to sell them to fellow members. For example, if you launch a CUSTOMSHUTTLE that requires a three-seat minimum, but you only really need one seat, you can receive a flight credit rebate if you opt to let JetSmarter sell the two seats you don't need to other members.

For Flight Finders
If you are a SMART Member, to book seats on VIP shuttles, you will need to purchase each leg with a token plus surcharge. The surcharge will start at just $750 per seat for VIP flights (remember no couch, free catering, and premium aircraft). Enjoy the flexibility of booking roundtrip coast-to-coast flights up front with just two tokens.

If you hold SOPHISTICATED Member status, beginning in mid-September, you can choose on a per-flight basis if you prefer to book your coast-to-coast seat with two tokens each way or use one token plus surcharge per leg. So, your 4 tokens give you even more flexibility. In addition to increased booking flexibility, SOPHISTICATED Members also receive 15% off on-demand CUSTOMSHUTTLE creation and 15% off all seat purchases. If you are a SMART Member, ask your Membership Specialist if you qualify for an upgrade.

Thank you for being on this journey with us. We are honored to have the support of our loyal member community and the backing of our two new financial partners as we continue to enhance the value of JetSmarter membership and continue revolutionizing the private aviation industry.

The future continues to look very bright.
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