Ricky Sitomer, CEO of New York City-based brokerage Star Jets International, has announced an all-time revenue record of $9,581,799 for the year ended 31 December 2020, a year-over-year increase of 80 per cent. Star Jets recorded $2.2 million in the fourth quarter of 2020, an increase of 100 per cent year-over-year. The company's growth continues as the demand for private air travel increases.
Star Jets expects to continue its growth pattern throughout the first quarter of 2021. Health concerns related to COVID-19 remain a primary reason for the uptick in private travel demand. As many first-time passengers discovered the benefits of private jet travel, repeat customer bookings increased throughout 2020.
Sitomer states: “We are proud to announce our all-time-record revenue in 2020 and our continued growth in the private jet industry. The demand for private jets has been tremendous, and we expect that the demand will clearly continue. We look forward to working hard to grow our client base, and we are primed and ready to serve our clients with all of their private travel needs.”
Star Jets hired a PCAOB auditing firm to audit its 2019 and 2020 financial records. Upon completion, these audited financial statements become a part of the company's plan to file a corporate registration statement with the US SEC. Once the registration statement becomes effective, the company can pursue an up-listing of the company's stock to OTCQB.