Press Release
Issued by .
October 18, 2010
Today PrivatAir and Jet Fleet International (JFI) announced the launch of a joint venture to create a global fuel sales and marketing program. Utilizing a propriety software system that automates the entire process of fuel purchase and a charter-style payment system, JFI-PrivatAir is creating a new way of selling jet fuel to private aircraft worldwide.
"We're very excited to be partnering in this industry-changing venture," said Greg Thomas, President & Chief Executive Officer of PrivatAir. "To supply fuel at better prices and to achieve this with our automated online order system will make JFI-PrivatAir the company to watch."
Ease of use and low fuel prices are the benefits of JFI-PrivatAir's fuel program.
JFI-PrivatAir's proprietary technology eliminates time-consuming manual searches by evaluating published jet fuel prices in milliseconds. The system immediately identifies the lowest prices among FBO's, contract fuel suppliers and independent suppliers. Customers secure the fuel purchase using any standard credit card and are invoiced after upload. This process creates simplicity and efficiency by eliminating lengthy and complicated credit approval processes and providing easy access to ordering fuel on a 24 / 7 basis. JFI-PrivatAir passes on significant savings in fuel charges and credit card fees, allowing them to deliver the lowest possible prices to the end-users.
"I don't mind spending money but I hate wasting it," said world-renowned aviator and JFI co- founder Bob Hoover. "If you could save $800 for the same fuel at the same location on the same day, why wouldn't you?"
JFI-PrivatAir's business model mimics the buying power of commercial airlines and large fractional jet operators, who pay lower prices for fuel with large volume purchases. By pre- negotiating bulk rates for its customers, JFI-PrivatAir can leverage the purchasing power of a global fleet, passing those savings on to the customer. JFI-PrivatAir is dedicated to providing its customers fuel at 700 US and 1,300 overseas locations and chooses handling agents and FBO partners who are among the top in their field in terms of safety, quality and technology.
PrivatAir's brand recognition and 34 years of providing global, high-end aviation combined with JFI's extensive network of aviation fuel partners positions the JFI-PrivatAir fuel program to be a major leader in the jet fuel sales industry.
Astronaut and JFI co-founder Eugene Cernan noted some key parallels between business and flying: "When you are flying a high performance aircraft, you have to look where you're headed, not simply where you are. In starting a competitive business, you have to constantly monitor the economy, your competition and your timing. We think the skies are clear for JFI- PrivatAir."
