Founder & CEO
JetPurple was founded by Adam Blumenkranz and launched commercial air service on June 24, 2012 in partnership with Public Charters/Aviation Technologies and Blacker Airport. Adam has founded several companies over a thirty year career including a magazine publishing company, animated/live character licensing venture, a sportswear manufacturing company, a record label and music publishing companies with worldwide distribution, a boutique media investment bank, and a specialty finance investment firm.
In 2012 Adam was appointed the Chief Marketing Officer of, yet quickly partnered with aviation veteran Jim Gallagher’s Public Charters and Aviation Technologies companies to join forces to launch together their first ever scheduled public charter air route, JetPurple. In partnership with Blacker Airport in Manistee, Michigan, the route is a US DOT EAS Award Winner and was subsidized by the US DOT’s essential air service program for two years. Also the Chicago Department of Aviation (CDA), which owns Midway International Airport, granted many concessions to JetPurple/Public Charters in launching the route. Adam gained invaluable experience as well as a certain credibility in the airline industry, which enabled him to meet with industry gatekeepers, to learn, dissect, and reinvent an evolved airline business model to disrupt the currently congested bottleneck in commercial scheduled passenger air travel.
Adam co-founded ICE Capital and has been a pioneer in emerging asset based finance. Adam originated, structured, and funded the first asset backed music royalty bond ever issued by an independent music company, sold to Prudential Insurance. ICE Capital co-founded and strategically and financially packaged Escape Artists, LLC, an independently financed, major motion picture company which most notably produced “The Pursuit of Happyness” starring Will Smith. Adam co-authored Escape Artists' business plan, merged The Steve Tisch Company with Black & Blu Entertainment to form Escape Artists, LLC, structured securities and lead negotiations with Union Bank of California to secure a $1.2 billion feature film production slate over six years. To date the studio is responsible for over one billion dollars of worldwide box office sales.
Adam partnered with music industry veteran Charles Koppelman and private equity firm GTCR to launch CAK Music Publishing LLC where Adam spearheaded the multi-million dollar acquisitions of two well known music publishing catalogues. Adam co-founded Salmon Records where he achieved a top 10 spot on Billboard Magazine’s National Single’s Chart with its first record. Adam founded two synergistic corporations at the age of eighteen to exploit the commercial value of an entertainment character he created named Willy the Wolverine, a publishing company that published several magazines and coupon books in three cities, and a licensed sportswear manufacturer whose product line, MASCOT SPORTSWEAR, was sold in major retail outlets such as mass retailers Meyer’s Stores and J.C. Penny department stores.
Adam has been a featured speaker at finance industry conferences and has been awarded several municipal accolades and a scholarship for community service. Adam is a graduate of the University of Michigan, and earned his M.B.A. in finance and global marketing from the University of Michigan, School of Business Administration, while running his first business ventures.