Star Jets International (JETR) Announces Path Forward After Recent Setback with Strategic Deal

Rhea-AI Summary

Star Jets International (OTC: JETR) has announced its commitment to moving forward with its growth strategy despite a recent setback involving a $14 million deal that fell through due to a partner's financial inability. Despite this challenge, the company remains dedicated to its strategic goals, including plans for an up-listing to Nasdaq.

CEO Ricky Sitomer emphasized the company's unwavering commitment to growth and innovation. Star Jets International is actively seeking new partnerships and opportunities in the private aviation sector. The company plans to leverage its relationships for acquisitions and enhance its online booking engine for 15,000 private jets worldwide. Additionally, JETR is collaborating with tech companies to increase its Artificial Intelligence offerings.

Positive

• Plans for up-listing to Nasdaq
• Commitment to growth strategy despite setback
• Exploring new partnerships and opportunities
• Potential for acquisitions to drive growth
• Enhancement of online booking engine for 15,000 private jets
• Collaboration with tech companies for AI offerings

Negative

• $14 million deal fell through due to partner's financial inability
• Setback in strategic planning and collaboration

NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Star Jets International (OTC: JETR) ($JETR) (“Company”) commits to moving forward on its growth strategy despite an unforeseen setback regarding a previously secured deal worth approximately $14 million. After years of strategic planning, the Company’s collaboration with the partner firm did not materialize as intended due to their inability to fulfill their financial obligations.

Despite this setback, Star Jets International remains dedicated to its strategic goals and plans for an up-listing to Nasdaq. The fundamental vision for JETR has not changed, and its management team is actively regrouping to identify new opportunities that align with corporate objectives.

“We understand that setbacks like these can be disheartening, but we want to reassure our stakeholders that our commitment to growth and innovation remains unwavering,” said Ricky Sitomer CEO of Star Jets International, Inc. “While we had high hopes for the partnership, we see this as a chance to explore new ventures and revitalized strategies that will not only secure our position in the marketplace but also enhance shareholder value.”

Star Jets International has a strong foundation and will leverage its industry expertise to seek new partnerships and opportunities that support its mission of delivering exceptional service and growth within the private aviation sector. Star Jets International believes it can leverage its relationships to make acquisitions and increase its online presence with its booking engine for 15,000 private jets worldwide. In addition, we are working with several tech companies to increase our Artificial Intelligence offerings.

As the Company navigate this transition, management will keep its stakeholders informed about significant developments and ongoing efforts to achieve JETR’s strategic objectives.

About Star Jets International, Inc. (OTC: JETR) ($JETR):

Star Jets International, Inc. (OTC: 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#.

Star Jets Apple IOS application:

https://apps.apple.com/us/app/star-jets-jetr/id6498715281

Star Jets Google Android application:

https://play.google.com/store/apps/details?id=com.starjet.app

Forward-Looking Statements:

This press release contains forward-looking statements within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. 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. However, not all forward-looking statements contain these words. Forward-looking statements do not guarantee future performance or results and will not necessarily be accurate indications of when such performance or results are achieved. This press release should be considered in all filings of the Companies contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

Contact:

Ricky Sitomer
CEO
Star Jets International Inc.
International Plaza
750 Lexington Avenue, 6th Floor
New York, NY 10022
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/6deefa9f-8d10-400e-9c27-73d37f79d862

FAQ

What recent setback did Star Jets International (JETR) face?

Star Jets International (JETR) faced a setback when a previously secured deal worth approximately $14 million fell through due to the partner firm's inability to fulfill their financial obligations.

What are Star Jets International's (JETR) plans after the recent setback?

Despite the setback, Star Jets International (JETR) remains committed to its growth strategy, including plans for up-listing to Nasdaq, seeking new partnerships and opportunities, and enhancing its online booking engine for private jets.

How is Star Jets International (JETR) planning to leverage technology?

Star Jets International (JETR) is working with several tech companies to increase its Artificial Intelligence offerings and enhance its online booking engine for 15,000 private jets worldwide.

What is Star Jets International's (JETR) strategy for future growth?

Star Jets International (JETR) plans to leverage its industry relationships to make acquisitions, increase its online presence, explore new partnerships, and enhance its AI offerings to drive growth in the private aviation sector.