When they launched Jet It in 2019, Co-founders Glenn Gonzales and Vishal Hiremath had a dream to make private air travel more accessible without compromise. To do so, they knew they had to break down the biggest barrier to entry into the private aviation market—cost.
The co-founders were working for Honda Aircraft Co before starting Jet It based on the idea of fractional ownership, where clients purchase a share of a plane for occasional use from Jet It’s fleet of 25 fast and fuel-efficient HondaJets.
“As Glenn and Vishal were working at Honda Aircraft, they kept hearing the same thing over and over. ‘We love the aircraft. It’s beautiful. It gets us to where we need to get. But I don’t have the upfront capital to buy it,’ ” said Dr. Akir Khan, Vice President of Strategy at Jet It.
Customers have responded well to the fractional model. The Greensboro, N.C.-based company has enjoyed terrific growth with 300 percent increases in sales year over year since opening for business.
“The goal of Jet It has been the same from Day 1,” Khan said. “Glenn and Vishal told me we’re going to have global domination of private aviation. And I believed them. And now, three years later, we’re on the track to do that.”