Monthly Archives: October 2019

Sergey Petrossov

Sergey Petrossov Introduces Technical Efficiency to Private Jet Industry

JetSmarter was the brainchild of Sergey Petrossov. At 28 years old, he became an entrepreneur in the private jet industry with a mobile app. In addition to giving members the freedom of chartering private or shared jet shuttles, a social network of like-minded people was born.

In just 5 short years, JetSmarter grew from 50 employees to over 260. The Fort Lauderdale headquarters was expanded to include offices in Europe and the Middle East. Working closely with a network of charter companies, JetSmarter now has over 8,000 members that pay an annual membership fee of $14,000.

Sergey PetrossovSergey Petrossov was four years old when he was moved to the United States. He enjoyed managing car washes, garage sales, and lemonade stands as a kid. However, when he reached 18, Sergey had no clear plan for the future. He graduated from college in 2009 from the University of Florida with a Bachelor of Science in business administration/finance. His first endeavor was co-founding a company in education technology.  The company is still successful today, but Sergey Petrossov had an eye-opening experience when introduced to aviation and the unlimited prospects that software could offer.

JetSmarter continues to build from one small idea. The data from members has allowed Sergey Petrossov to move ahead with projects associated with private airline travel. Luxury residences, hotels, unique restaurant experiences, and other lifestyle opportunities are offered to the elite membership crowd. There are also great deals on booking flights when air time is slow. This keeps the industry more efficient and able to better control fixed costs. Sergey feels that if you can side-step a dead-head cost, why not? Petrossov is a natural-born entrepreneur that has found a way to improve the private jet industry by involving social interaction and adding intrigue on an international level.

Bhanu Choudhrie Adds Aviation To Its Investment Portfolio

Bhanu Choudhrie is a leading businessman and investor in London and manages a board portfolio of investments in various sectors. After graduating high school in New Delhi, his birthplace in India, he came to America for continuing his education. Choudhrie attended the University of Boston for four years and holds a BA degree in international business and marketing. He landed a job working in an internship program at JP Morgan and other companies before moving to London, England.

A year later in 2001, Bhanu Choudhrie helped to form a private investment firm operated by his family, C&C Alpha Group. He increased the company’s investments in its portfolio to include hotels, agriculture, healthcare, utility, and restaurants. In 2003, he expanded his portfolio with an aviation acquisition of a small commercial airline called Air Deccan in India. The airline received remarkable growth within five years in operation carrying 200 passengers each day. Yearly, Air Deccan was transporting approximately 7 million patrons.

The commercial airline was C&C Alpha Group’s first aviation investment. The Air Deccan felt some effects from the global economy after the recession caused oil and gas prices to rise. Bhanu Choudhrie found a solution and remained in the aviation sector. He formed a partnership with Prescient Systems & Technologies in Singapore and started Alpha Aviation Group, a training pilot academy. Before establishing the commercial pilot training school, Choudhrie observed a shortage of licensed and qualified pilots.

Alpha Aviation Group is now a leading pilot training and licensing academy in the Asia Pacific and the Middle East. Since starting the academy, over 800 commercial pilot students completed the training program. Bhanu Choudhrie successfully formed prestigious relationships with commercial airlines including Philippine Airlines and Air Arabia, to name a few. He expects the company to grow as the demand for qualified commercial pilots continues to rise worldwide.

Bhanu Choudhrie is the Managing Director and Founding Partner of C&C Alpha Group. He and his family manage investment assets in the real estate, hospitality, aviation, and other industries. Alpha Aviation Group is one of his most rapidly growing ventures he is confident of future expansion.

Follow Bhanu Choudhrie on Twitter

Fortress Investment Group LLC And Acquisitions

Fortress Investment Group recently acquired another company. Fortress Investment Group made a good choice.

The Vannin Capital PCC is known for its substantial and most experienced international dispute process, professionals in legal finance, regulatory firms, and corporations in the judgment of particular commercial or business issues. It serves as 9-year old successful company.Yet it had speculated uncertainty in the future. Further, at one point of its business, it planned to launch and pursue an IPO at the London Stock Exchange. Remember that this is an initial process where the private company can go publicly sell its stocks to the general markets and have a transparent share market. They aimed to do so in October of last year.

Fortress Investment Group has multiple accomplishments in Investment management with its more than 1,650 institutional clients and large different private investors. It has resulted in successful asset management of approximately $39.2 billion under its control. As such, it makes it a perfect potential buyer, compared to other major US and UK private equity firms, to deal with Vannin’s acquisition.

We know that later in 2016, Vannin finally secured the backing of the hedge fund, Fortress Investment Group. As such, it achieved the future of a third-party financing provider. It respected the breadth and longstanding relationships of both companies.

The deal gained 100% of Vannin’s equity from its existing partners and shareholders, including the owner Bramden investments. It is one strategy that Dan showed more interest in after a little while. He saw the volatile equity market at the stock and thought differently.

The market was rapidly and unpredictably changing in prices at different times. This is where the founder of the company thought that he would have to go a different route.

In the line of Fortress sale deal to Vannin, the Investment Group made some initial steps for its acquisition by creating of a senior secured debt facility together.

Now, with the litigation funder in 2016, as 100% of Vannin’s equity, including the significant owner, there will be changes for a new management team as per the result in leaving the business.

Check more about Fortress Investment Group: https://www.dailyforexreport.com/fortress-investment-group-partners-ipass-20m-credit/