Options Trading on Executive Jets?

Posted by Larry Pollock on Sep 7, 2011 in Entrepreneur | 0 comments

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One of the people I enjoy following online is Dan Robles PE, MBA, Director of The Ingenesist Project a private think tank in Seattle that predicts and specifies elements of the next economic paradigm as built on a platform of social media.

Dan is involved with Social Flights, a new way for the public to fly using Executive Jets that are underutilized and sit idle much of the time.

In his latest blog post Dan throws out a new idea on how Social Flights and Entrepreneurs can work together to capitalize on an options market for private jet travel.

Except:

“For the price of a typical airport lounge bar tab, a traveler can buy an option to fly a private jet non-stop between their destinations. An option is the right without the obligation to take a position in the future. The option would be convertible, transferrable, and may even be exercised on a wide variety of schedules.

Calling all unemployed entrepreneurs
Suppose that I saw a listing on Social Flights for a private jet flight from Boise Idaho to Colorado Springs taking place in three weeks and costing 300 dollars. Since I know a lot of people in both cities, I can either use the ticket myself, or I have 3 weeks to sell it for, say, 500 dollars.”

Read the Full Article Here

With this kind of thinking I say “Move over Wall Street, there’s a new kid in town” (or should I say street?)

Not only does this incentify entrepreneurs to promote Social Jets, it helps fill these private jets up and get butts in the seats. People will start flying more directly to their destinations, save time and money as well as the hassle of the commercial flight security check.

I’m game to be a promoter. I can see the benefit to my bank account as well as the flights I can take.

Bring it on!

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