Ricky Sitomer, CEO, Star Jets International (JETR) Announces $3,641,637 in Record Revenues for Q1 2021, a 140% Year-Over-Year Increase

Rhea-AI Summary

Star Jets International (OTCPink: JETR) reported a record revenue of $3,641,637 for Q1 2021, marking a 140% year-over-year increase. The growth is attributed to heightened demand for private air travel amid ongoing health concerns related to Covid-19. The company anticipates sustained growth throughout 2021, as many vaccinated travelers seek private travel options. Additionally, Star Jets is currently auditing financials for 2019 and 2020 with the aim to up-list to OTCQB in the coming months.

Positive

• Record revenue of $3,641,637 for Q1 2021, a 140% increase year-over-year.
• Strong ongoing demand for private air travel driven by Covid-19 health concerns.
• Expectations of continued growth throughout 2021 as more travelers opt for private jets.
• Plans to up-list to OTCQB in the near future, indicating potential for enhanced visibility and credibility.

Negative

• None.

NEW YORK, May 17, 2021 (GLOBE NEWSWIRE) -- Star Jets International, Inc. (OTCPink: JETR), a leading Private Jet Charter Company, announces that the Company has booked an all-time record $3,641,637 for the quarter ended March 31, 2021 (Q1), a year-over-year increase of 140%. As predicted, the Company continues on a tremendous growth trend as the demand for private air travel is not showing any signs of slowing down.

The Company expects continued growth throughout the remainder of 2021. Health concerns related to Covid-19 continue to remain a primary reason for the uptick in private travel demand. Also, the Company’s first-time passengers rapidly become repeat customers who enjoy their new-found benefits of convenience and luxury of private air travel.

Ricky Sitomer, CEO of JETR stated, “We are proud to announce our all-time record revenue in the first quarter of 2021 and our continued growth in the private jet industry. The demand for private jets is skyrocketing. JETR expects demand to continue to grow for many years to come. Many travelers who have been sitting on the sidelines, who have now received the Covid vaccine, are looking to get away after being cooped up for so long. We look forward to our continued success and our hard work in order to serve our clients with all of their private travel needs.”

In addition, the Company is in the midst of an audit for 2019 and 2020, in order to up-list to OTC MARKETS’ OTCQB in the next few months.

Please visit www.starjetsinternational.com for more information, Company updates or to book travel with Star Jets International, Inc.

About Star Jets International, Inc. (OTCPink: JETR)

Star Jets International, Inc. (OTCPink: JETR) offers its customers all the advantages of owning a corporate jet, without the burdens associated with ownership. This includes unprecedented flexibility through access to over 5,000 private jets domestically and 15,000 private jets worldwide. Star Jets executives have nearly 20 years of experience in aviation and marketing, http://starjetsinternational.com/ and https://private-jet-charter-flight.com/. Watch Star Jets International “You Tube” video - https://www.youtube.com/channel/UCJZK4vvDiMNlXE-7g-s11OQ and watch two CNBC Commercials about the Company - https://wave.evolphin.com/EVyy7j#.

For more information about this press release and Star Jets International, Inc., contact Ricky Sitomer at (917) 331-5152.

Forward-Looking Statements Disclaimer:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

FOR ADDITIONAL INFORMATION:

Ricky Sitomer
CEO
Star Jets International Inc.
Tower 57
135 East 57th Street 11th Floor
New York, NY 10022
Mobile:  917-331-5152
Phone:  855-9-FLYJETS
Fax:  212-658-9810
RS@StarJetsIntl.com
www.StarJetsIntl.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4675f302-0d5b-4d9f-ab67-65b368442d97

FAQ

What was Star Jets International's revenue for Q1 2021?

Star Jets International reported a record revenue of $3,641,637 for Q1 2021.

How much did Star Jets International's revenue increase year-over-year?

The revenue increased by 140% year-over-year.

What are the growth expectations for Star Jets International in 2021?

The company expects continued growth throughout 2021 due to increasing demand for private air travel.

Is Star Jets International planning to up-list its stock?

Yes, Star Jets International is in the process of auditing financials to up-list to OTCQB.

Why is demand for private air travel increasing according to Star Jets International?

The uptick in demand is primarily due to health concerns related to Covid-19.