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Set Jet

Set Jet was a membership-based by-the-seat private jet charter program.

Overview

Set Jet was headquartered in Scottsdale, Arizona, and was founded in 2014[1] by Tom Smith and Trey Smith.[2]

Tom was the CEO and Director of Set Jet. Previously, Tom was CEO, President, and Director of Wrap Technologies, Inc.[3] In 1993, Tom co-founded TASER International (now Axon Enterprise, Inc, NASDAQ: AXON), and served as President of TASER until October 2006.[4][5]

Set Jet operated private jet charter flights on Bombardier Challenger 850 aircraft between Las Vegas, Nevada; Scottsdale, Arizona; Los Angeles; San Diego; San Francisco; and Orange County, California; Cabo San Lucas, Mexico; Salt Lake City, Utah, and had 5,000 members.[6][7][8] It used a fleet of 5 Bombardier CRJ100/200 which were configured as Bombardier Challenger 850's.

Set Jet had a 2,500-square-foot terminal in the Atlantic Aviation facility in Las Vegas.[9] Set Jet expanded operations in Las Vegas to shuttle passengers to facilitate the gaming companies.[9]

Set Jet closed in February 2024 after failing to complete its SPAC deal with Revelstone Capital Acquisition Corp. (NASDAQ: RCAC). It had made significant losses for several years and needed funding from the SPAC listing to continue its operations.[10]

See also

  • Private jet
  • Fractional ownership of aircraft
  • Air charter
  • Air taxi
  • Business jet

References

  1. All the Ways to Fly Private, Starting at $100 Per Flight Condé Nast Traveler, 19 February 2021, retrieved 7 April 2023^
  2. Thomas Pallini. An aviation firm is giving travelers a taste of the high life by offering private-jet flights for as low as $450. Meet Set Jet. Business Insider, retrieved 7 April 2023^
  3. WRAP Technologies. WRAP Appoints Tom Smith as Chief Executive Officer Wrap Technologies, Inc., 2021-03-08, retrieved 7 April 2023^
  4. Taser founder, Chairman Tom Smith leaves board for startup www.bizjournals.com^
  5. Thomas Brewster. Spider-Man Webs Vs. Star Trek Stun Guns: The Taser Brothers Are Fighting Over A $7 Billion Market To End Police Killings Forbes, retrieved 7 April 2023^
  6. Why Buying a Private Jet Membership During the Pandemic Was Worth It, According to Someone Who Did It Travel + Leisure, retrieved 11 April 2023^
  7. Private jet charter program lands at Reid International Airport Las Vegas Review-Journal, 26 October 2022, retrieved 11 April 2023^
  8. Scottsdale private jet charter conducts COVID-19 tests before flights www.bizjournals.com^
  9. Private jet companies look to expand Las Vegas presence with casino customers The Nevada Independent, retrieved 11 April 2023^
  10. By-The-Seat Charter Provider Set Jet Closes SherpaReport.com, 2024-02-21, retrieved 22 February 2024^