Private Jet Travel on the Rise

" That might surprise you especially with these oil price of kind of taken hired and got got gold -- down line fifty. But you know well have been hovering around eighty dollar mark and what are the things that is actually happened in this country is the popularity. A private jet travel is actually rising. Because Nevada economy may not make sense but it actually does Todd Rome is the president of blue star jets in the CEO blue star. -- cinema under both with us and -- thank you for coming on Fox Business we've met over the summer I thought -- for it was only just wanted to. Had you come and -- want to start with you you you both decided. To start -- this jet you're brokers basically on the -- that you you broke ground the jets rent them out you did this. In 2001 when the dotcom bubble burst right pretty risky."

" Well is risky but you know we did something that nobody else had done before and that's we took the stock the stock market model the brokerage model and brought its private jets. And has become very successful. We don't own the equipment we have complete flexibility for our clients if you want to G 550 to London we get that. If you wanna -- or seven on all grade on the next peace dividend of Florida we can do that situation tend to LA we save you money they give you the flexibility to change aircraft."

" And a lot of people don't know -- from a citation for about whatever it is there's so I presume you. Work with these people to try to figure out what the best plane is for the whatever they're they're as we call it an aviation the mission whatever they have their needs are mean they don't know do things."

" You'd be surprised most folks reply private most corporations reply private actually do know the equipment they know what type of equipment they like or don't like. As you know favorites yeah."

" All right let's let's talk money got I want to get in the this so you have what's called. -- exchange you'll want this over the summer as a basically if I can get on this website the you have an that a I want to go to -- I can maybe get together with other. Private jet aficionados. And go from New York to LA what does that cost me."

" But it's a semi private program so -- can do you can -- trip if you want to go to LA we're going to match you up with another party. And it's literally going to cost you about 50%. Trip to LA NN gulf streams right now at 25 to 30000. Slowly going to behalf of the 12500. Feet and higher order clients that -- who signs up for us."

" Well on the sheriff -- side we're seeing young families that want to share jets on the holidays Thanksgiving Christmas and most folks are going the same direction if it's Christmas week. A lot of people going to Aspen."

" yet to -- a block I have to give you couple 100000 upfront or is -- piece by piece like a charter. Well you can use our service to different ways you can rent the jet by the hour and share or you can buy into the program we go by 25 hours and on the retirement 125 hour."

" Tony blood that was on hawker 400 XP which is the nicest light jets can when he 75000."

" All right let's talk about so you Elisa thought that you again you've got family you got celebrities and of these violent famous folks around on the top Wall Street guys. How has been the drain on Wall Street pay compensation jobs affected. Your business over the last couple."

" You know when them when the market took a downturn in our business went down probably around 30%. And as the stock market has turned so is our business we've seen tremendous return in the market. One thing we are seeing as corporations are getting rid of their aircraft and just renting it by the hour and as the basis --"

" It's going to help pay because companies. At the AOL for instance they just took the strip the private jet from the head -- wealth to back kind of thing is actually helping somebody like yeah."

" It you know as a big trade down effect the people who own jets the trying to get rid of their overhead to get rid of fractional shares they want to bring down their costs and overhead. It's actually above benefiting our program and you're not good enough publicly should say no -- and it should go."

" Public there's nowhere for a for the person looking for the cheapest airfare they're not your customers this is still more expensive than getting out there and -- on your on your commercial airline. What is the selling point to somebody. The sale it's it cost you more but it worked."

" What private aviation is always been a premium to commercial and is a big difference. With that being said we've lower the barrier of entry and actually need it more affordable by eliminating debt head -- the ambulance. So where trip used to be 10000 because somehow get a --"

" What what what about fuel costs and and regular showing aboard a boil this earlier moment I don't mean current fuel and oil is not taking higher because."

" The belief that we're going to have a better economy worldwide would that affect your business now what do they are this is not we've passed some of course to the cost. So -- fuel goes up the prices are they equipped is going to go up to the goes down the prices going to go down. I like how you flexible model like -- like be on a date Britney and her answer when it comes 70 it is and you know we don't have fixed cost -- By giving them the option of listen you can fly in this gulf stream we can find all very compliance citation."

" And it's your choice -- if Saddam mark Todd from blue star jets still on the."