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February 2016
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The joint venture between JetSmarter and GlobeAir gives Sergey Petrossov up to $50 million of GlobeAir flight hours

JetSmarter strengthens offering in Europe with GlobeAir

US air charter mobile app company JetSmarter has acquired 15,000 hours of flight inventory from Austrian operator GlobeAir. The company purchased all of GlobeAir's empty leg flight hours late last year, and estimates the value of this future business to be around $50 million over five years. JetSmarter reports that European membership is now growing by 
10 per cent a month and that flights per year for US and European clients are on target to exceed 3,000.

Following completion of a $20m series B funding round early last year, JetSmarter has bolstered its supply of short-distance destination JetDeals across key western European markets through the acquisition of GlobeAir's inventory, from which empty seats will be listed on the app and offered at reduced prices.

This joint venture means JetSmarter has added GlobeAir's fleet of 12 Citation Mustangs to its app's JetDeals section, resulting in access to more than 1,500 European airports from Portugal to the Ukraine and from Italy to Norway, including those with short runways typically out of the reach of large private jets and airliners.

JetSmarter CEO Sergey Petrossov says: “GlobeAir is already one of our strategic partners in western Europe and we are delighted to bolster our offerings with them. This will allow us to accelerate our expansion and meet a rapidly rising demand for private jets. We have a strong and fast-growing user base across the Atlantic and by extending our partnership with a leading private jet company in Europe, we can continue to democratise the private air travel industry and make private jets accessible to the masses.”

Bernhard Fragner, CEO of GlobeAir, adds: “JetSmarter is radically modernising the booking process for private jets, bringing efficiency, simplicity and accessibility to luxury travel. The combination of JetSmarter's unique mobile technology with the reliability, comfort and safety of our fleet will provide consumers with the most sought after travel experience ever created.”