I have been saying for years that JetSmarter is a ponzi scheme that is about to topple over. I wrote a blog post on my companies website saying as much.
The information they used to raise all of their capital was borderline fraudulent. Totally misrepresenting what they were capable of to those who didn't have an advanced knowledge of the private jet charter industry. They started out by saying they'd be able to capture/monetize basically 100% of the empty leg market, which is not possible. Never has been and never will be.
As an owner of a Private Jet Charter Company, I could go on and on about JetSmarter for days. Fire any questions you may have about JS at me and I will give you candid responses.
PJ Paul