Cleared for Takeoff! Private Jet Fractional Ownership Company, Jet It, Takes Delivery of its First HondaJet Elite

Former aviators launched the innovative new fractional ownership program earlier this year

SINGAPORE,Jan. 18,2019 --Jet It,a private jet fractional ownership company,began operations along the United States East Coast after acquiring its first HondaJet Elite. Jet It's new hybrid ownership model provides individuals the opportunity to own a fraction of the aircraft in its new HondaJet Elite fleet,while avoiding heavy costs associated with full ownership. Under Jet It's innovative model,owners will be able to operate aircraft for the day at an industry-leading rate of $1,600 per hour.

With over 40 years of experience in aviation,co-founders Vishal Hiremath,an aircraft industry sales professional who leads Jet It's international affiliate JetClub,and Air Force Veteran Lieutenant Colonel Glenn Gonzales first met at Gulfstream Aerospace in Savannah,GA. Following their time at Gulfstream,Gonzales and Hiremath were members of the Honda Aircraft Company sales team located in Greensboro,NC.

In making the announcement,Jet It CEO Lieutenant Colonel Gonzales stated,"The HondaJet Elite is simply the most suitable aircraft for the mission. Our owners are incredibly excited about the HondaJet Elite's extended New York to South Florida range,ability to fly over weather and traffic at 43,000 ft,and time and cost savings due to the HondaJet's speed compared to propeller driven aircraft. When coupled with the Jet It business model,our owners have the fastest,highest-flying,quietest and most cost-effective private transportation service in the industry."

Jet It Founder and President Vishal Hiremath added,"We are incredibly excited to be taking delivery of our first jet after only four months of launch and sales activity. It speaks to the excitement in the market for our company and the need for a service that speaks to the value proposition offered by Jet It. As we gear up to launch overseas with our international affiliate JetClub,we look forward to bringing this model worldwide and getting more owners access to the HondaJet Elite and a hassle free ownership experience."

When commenting on Jet It's announcement,Honda Aircraft Company President and CEO Michimasa Fujino said,"We are very pleased Jet It chose the HondaJet Elite as their launch aircraft. As Jet It's innovative program continues to expand,we are confident their customers around the globe will enjoy the high performance and comfort of the HondaJet Elite."

Media Contact:

Ashley King

ashley.king@gojetit.com