Joe Fagan

Former Soccer Star, Now Soccer Fan


August 30, 2019

How Sergey Petrossov Has Used Technology Has Changed Private Jet Business

Sergey PetrossovSergey Petrossov turned his hobby into an over 1.5 billion business empire that has been backed by Jay Z a hip-hop artist and a businessman. The private jet business which he has started reflects his time in high school when he attempted to start an automobile business that deals with importation and exportation of various vehicle parts. As a student at Florida University, he joined a start-up that was based on performing live chats. Immediately he joined the live chat, he knew that he wanted to go into the business of technology.

Therefore, before venturing into the JetSmarter business, Sergey Petrossov co-founded an educational start-up that was involved in the creation and subsequent sale of cloud-based software’s to colleges in various parts of Europe and especially in Russia. He later realized that there were a number of surprising inefficiencies in operating private jets and therefore decided to help fix that problem.

He complained that the multibillion-dollar business was completely technology deficient and this made it look highly inefficient leading to underutilization of the planes that were present. In addition, he realized that at a time an average plane would have only two people on board leading to high costs. Mr. Petrossov, therefore, made up a plan to digitize the industry and lower costs overall.

It is during this time that he formed Smart jet after various consultations and relationships with a small tech team in the year 2012. With this small technical team, he built an application and met a number of industrial people. Subsequently, he made campaigns that helped him to make some money that was necessary for the launching of the product. Today the company offers a number of ways to fly and controls scheduled flights to different destinations with a number of options such as the ability of members to claim their own seats. Also, it allows members to have access to lights based on empty legs and also be able to book private flights that are fully given to them. This is done however at a higher cost considering the time taken for booking.