Private Jet Services Group Collaborates with Shelby Financial to Offer Clients Increased Security through Established Escrow Program

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Demonstrating solid financial responsibility, Private Jet Services Group (PJS) utilizes the escrow services of Shelby Financial Corporation to aid in the safeguarding of their client’s assets in the ever changing world of charter airline travel and private jet charter.

Demonstrating solid financial responsibility, Private Jet Services Group (PJS) utilizes the escrow services of Shelby Financial Corporation to aid in the safeguarding of their client’s assets in the ever changing world of charter airline travel and private jet charter. As a leader in providing top quality escrow products and programs for the travel industry, Shelby Financial works to provide both PJS and the firm’s air charter clients with operational efficiency and insulation from the volatile world of air carrier defaults.

“Now more than ever building consumer confidence is key to repeat business and loyal customers; Private Jet Services Group understands the importance of this,” said David Valpredo, President of Shelby Financial Corporation. Citing concerns that industry protection plans are inadequate, Valpredo added “ The best way to protect your client’s funds is to work with organizations that have established an escrow protection program independently controlled by a third party. While the financial risks that travel arrangements represent may not be a popular topic of discussion, protecting clients’ funds should be an important point for all travel organizations to consider, not only to protect themselves and their clients or members, but also a strong selling point for the added value it provides. This should be viewed favorably by the overall industry since in enables companies like PJS to demonstrate financial responsibility which ultimately benefits the whole travel business.”
Greg Raiff, CEO of Private Jet Services Group and the Private Jet Group of Companies remarked, “The reality is airlines and charter jet companies come and go. Over 22 years in the charter air business, I have witnessed two dozen air carrier insolvencies and groundings. In the last three of these, we relied on the Shelby Financial travel escrow system to ensure the timely, safe return of our client’s funds. Through a simple case of non-performance, to a Chapter 7 bankruptcy filing, to a complex contract dispute where the airline sought to take advantage of PJS’s client, Shelby Financial acted swiftly and decisively, to ensure our customer’s prepayments were kept safe. Utilizing the Shelby escrow system for our customers helps PJS deliver on its mission of customer-facing best practices and market leading service in the Air Charter Industry.”

Securely maintained within Shelby Financial’s escrow account prior to the successful completion of each flight, funds are only released upon conclusion of the contracted flights. PJS handles all of the paperwork and expense of implementation, providing a hassle-free, cost-free plug-in to any managed travel program. In a world of airline troubles, flight delays, aircraft mechanical interruptions, and weather concerns, PJS utilizes Shelby Financial’s safeguards as an appropriate safeguard for professional and collegiate sports team charterers and other clients who schedule and contract long series of flights.

About Private Jet Services Group
Private Jet Services Group is a privately held corporation formed in 2003 by Greg Raiff, who is the current president and CEO. Raiff has over 22 years in the aviation industry and is widely respected as one of the leading executives in the aviation logistics industry, with a specialization in the sourcing of both VIP and standard-configured airliners for live entertainment touring, large group, professional and collegiate sports team travel. The company has a diversified client base that extends into various segments throughout the world including luxury travel, incentive travel, business fleet management, and other corporate needs. Through their innovative Total Flight Management program, PJS customizes each and every flight, presenting clients with a portfolio of carefully selected aircraft options, and an up-front, "no surprises" pricing model that is cutting edge compared to the high membership costs and hidden fees common in Flight Card and Fractional Jet Ownership programs. For more information, http://www.PrivateJetGroup.com and http://www.PJSGroup.com

About Shelby Financial Corporation
Shelby Financial Corporation, based in Malvern, Pennsylvania is the leading provider of escrow depository services and surety trust agreements to public charter operators, charter air carriers and direct sales agents as required under Parts 380, 212 and 135 and possesses the background and expertise to ensure complete compliance with the United States Department of Transportation (DOT) regulations. Our clients include wholesale tour operators, charter operators, air carriers, brokers and executive jet service companies.
For more information, http://www.shelbyfinancialcorp.com

For further information, please contact:
Greg Raiff, Private Jet Services Group, Inc.
5 Batchelder Road, Seabrook, NH 03874
Tel: (603) 929-9300 Fax: (603) 929-0700
greg.raiff(at)pjsgroup(dot)com

David Valpredo, Shelby Financial Corporation
5 Great Valley Parkway, Suite 110, Malvern, PA 19355
Tel: (877) 933-1608 Fax: (610) 993-8006
david.valpredo(at)shelbyfinancialcorp(dot)com

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