Sentient Jet announced today that Marty Guinoo is taking over as CEO, replacing Steve Hankin, who has left the company for a new job as managing director of private equity firm Starwood Capital. Hankin worked for Starwood Hotels before joining Sentient in 2004. Guinoo has been senior vice president at Sentient since 2004. Sentient brokers charters and sells jet cards.
The Trump Organization and Sentient Flight Group have signed a partnership agreement in which Trump clients will have special access to Sentient’s programs. The program will include “one-off” trips to and from Trump locations, as well as preferred access to join the Sentient Jet Membership Program. Sentient members will also receive special benefits at Trump properties.
Sentient Flight Group on Tuesday announced organizational changes as part of a refocusing of its long-term business plan. “When Sentient and JetDirect first came together, we established a fully integrated personal air travel company, offering jet cards, charter and complete aircraft management services,” Sentient chairman Greg Campbell said.
Cash-flow problems at Sentient Jet Holdings, parent of charter, management and jet card firm Sentient Flight Group, have led to a leadership change at the company and an influx of funds to help the company catch up on delayed payments to vendors. On July 9, Sentient announced that Gregory Campbell was taking over as CEO and that former CEO Steven Hankin would be moved to an advisory role at the company.
Sentient Jet Holdings, parent of Sentient Flight Group, today revealed that its financial backers have agreed to provide a new supply of funding to help the charter, aircraft management and jet card firm continue growing and address a cash-flow problem that has resulted in delayed payments to vendors. Sentient also revealed that Gregory Campbell, Sentient’s chairman of the board of managers, is assuming the role of CEO.
Charter volume is dropping significantly in some markets, according to information provided to AIN by charter industry insiders. Recent increases in the size of the business aviation fleet are contributing to this problem, said William Quinn Jr., chairman of Aviation Management Systems in Portsmouth, N.H.
Sentient Jet, which is buying TAG Aviation USA and all of its assets from TAG Holding, was expecting to close the acquisition around the end of last month. The Sentient purchase is for what is left of AMI Jet Charter after its charter certificate was revoked, and Sentient has offered AMI customers/aircraft owners the opportunity to move their aircraft onto one of Sentient’s charter certificates, which most have done.
Sentient said that sales of its block-charter private jet card grew 82 percent in the first quarter over the same period a year ago. The Norwell, Mass. company, which books time on select charter operators, says that it now has more than 1,700 cardholders.