Exclusive Insights into Private Jet Industry and Business Operations
Discover fascinating details about HiJet.INC, a luxury private jet provider catering to entertainers, stars, and businesspeople. Explore facts, pricing details, financial projections, and more in this comprehensive overview.
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Presentation Transcript
HiJet INC. By: Dillon, Kendyl, Wenye
Mission We provide jets for those who need a luxury, reliable, quick service for entertainers, stars, and businesspeople. Target group Business people, anyone who is making enough money and prefers a private traveling experience compared to commercial flying
Private Jet Facts The US makes up 49.7% of the world market for private jets; Europe 20.8%; Asia Pacific 11.8%; Latin and South America 11.6%; Africa and the Middle East: 6.1%. The biggest event for private jet travel is the Super Bowl; this year, over six hundred private aircraft flew into New Orleans Lakefront Airport for Super Bowl XLVII (typical weekend traffic at the airport is just 125 landings). Other top events include the Masters Golf Tournament and Art Basel Miami Beach. The busiest airport in the world for private jets is currently Van Nuys airport, Los Angeles, California, which saw almost 260,000 private take offs and landings take place during 2012. http://www.forbes.com/sites/davidewalt/2013/02/13/thirty-amazing-facts-about-private-jets/
Price Gold Membership - $400,000 for 45,000 miles Basic Membership - $100,000 for 10,000 Non-Members - $10/mile + $300.00 Return Flight Charge + $250.00 in Airport Fees +$100.00 for change in flight roster
Financials Costs Anticipated Cost of Goods @ 25% of Gross Revenues Pilots (Included in SG&A) $2000/flight (2 pilots on each flight) $300,000 per year on maintenance and repairs
Financials(continued) Costs (continued) Lease on planes $2,400,000/year Lease on Buildings $600,000/year Revenues We anticipate all revenues to grow @6% each year
Financials(continued) Revenues(Continued) -Year 1 Gold Memberships - $1,377,030 Basic Memberships - $3,706,240 Non Members - Other income (Return flights) - $196,000 $759,090
Uniqueness Themes! Safety is the most important!
Romantic Flight We can create the jet style ensuring a perfect date
Safety GPS device inside 12 hours rescue
Benefits of Flying on Private Jets Avoid the inconvenience of the liquid bans that come with flying commercially. You can travel with special belongings, business samples, sports gear, instruments or even bring you pet into the cabin. With a private jet you can fly out of an airport that is much closer to your home or business location, allowing you to skip the traffic, bypass security lines and those frequent delays that commercial airlines often incur, allowing more time to conduct business, and spend with your family and friends by reducing the hours you spend traveling Flying on a private jet projects an image of success. You'll be seen as an individual or organization that is well-run, efficient and can afford to fly privately.
Competitors Premium Service Luxurious Interiors Custom Interiors In flight meals and drink service on all flights
Drawbacks -Difficulties Financing -Competition from similar firms -Difficulties securing customers
