Ricky Sitomer, CEO, Star Jets International (JETR) Announces Over $6M in First-Half of 2021, All Time Record Revenues for the Company
Rhea-AI Summary
Star Jets International (OTCPink: JETR) reported record revenues of $6M for the first half of 2021, driven by increasing demand for private jet travel due to Covid-19 concerns. In Q2 2021 alone, revenues reached $2,372,000. The company anticipates continued growth and has signed a letter of intent to purchase a Gulfstream IV-SP aircraft, expected to generate an additional $5-6M annually. Additionally, they are undergoing an audit to uplist to OTCQB. CEO Ricky Sitomer highlighted the surge in demand as travelers seek safe, luxury options post-vaccination.
Positive
- Achieved record revenues of $6M for H1 2021.
- Q2 2021 revenues reached $2,372,000.
- Signed LOI to acquire Gulfstream IV-SP aircraft, expected to add $5-6M annually.
- Continued growth anticipated throughout 2021 due to rising demand for private air travel.
Negative
- None.
News Market Reaction – JETR
In the trading session that priced this news, JETR gained 3.62%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Star Jets International, Inc. (OTCPink: JETR), a leading Private Jet Charter Company, announces that the Company has booked
The Company expects continued growth throughout the remainder of 2021. Health concerns related to Covid-19 continue to remain a primary reason for the uptick in private travel demand. Also, the Company’s first-time passengers rapidly become repeat customers who enjoy their new-found benefits of convenience and luxury of private air travel.
In additional to Star Jets International, Inc. continued growth, the Company has signed a letter-of-intent (LOI) to purchase a Gulfstream IV-SP aircraft. The Company anticipates this aircraft could bring an additional
Ricky Sitomer, CEO of JETR stated, “We are proud to announce our all-time records in revenues during the first-half of 2021. Our growth continues in the private jet industry, and the demand for private jets is skyrocketing. JETR expects demand to continue to grow for many years to come. Many travelers who have been sitting on the sidelines, who have now received the Covid vaccine, are looking to get away after being cooped up for so long. We look forward to our continued success and our hard work serving our clients with all of their private travel needs.”
In addition, the Company is in the midst of an audit for 2019 and 2020, in order to up-list to OTC MARKERS’ OTCQB in the next few weeks.
Please visit www.starjetsinternational.com for more information, Company updates or to book travel with Star Jets International, Inc.
About Star Jets International, Inc. (OTCPink: JETR)
Star Jets International, Inc. (OTCPink: JETR) offers its customers all the advantages of owning a corporate jet, without the burdens associated with ownership. This includes unprecedented flexibility through access to over 5,000 private jets domestically and 15,000 private jets worldwide. Star Jets executives have nearly 20 years of experience in aviation and marketing, http://starjetsinternational.com/ and https://private-jet-charter-flight.com/. Watch Star Jets International “You Tube” video - https://www.youtube.com/channel/UCJZK4vvDiMNlXE-7g-s11OQ and watch two CNBC Commercials about the Company- https://wave.evolphin.com/EVyy7j#.
For more information about this press release and Star Jets International, Inc., contact Ricky Sitomer at (917) 331-5152.
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.
FOR ADDITIONAL INFORMATION:
Ricky Sitomer
CEO
Star Jets International Inc.
Tower 57
135 East 57th Street 11th Floor
New York, NY 10022
Mobile: 917-331-5152
Phone: 855-9-FLYJETS
Fax: 212-658-9810
RS@StarJetsIntl.com
www.StarJetsIntl.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b21d637d-98bb-435d-b94d-bb2968fc45de
