Industry First: VistaJet Abolishes Positioning Fees Globally
(Thomson Reuters ONE) -
To free its Program customers from expensive ferry fees, company will never
charge them for positioning an aircraft anywhere in the world.
* Positioning fees can cost customers an additional five-figures on each
flight.
* Other business aviation companies charge for positioning fees when leaving
their limited service areas.
* The announcement is a result of VistaJet's $2.5bn investment in its global
fleet and proprietary backend operations technology.
* Company took on 15 new business jets in 2016, taking the total fleet to over
70, to offer one-way pricing around the globe.
* Follows 100,000(th) VistaJet flight record.
LONDON, May 19, 2017 (GLOBE NEWSWIRE) -- VistaJet, the first and only global
aviation company, announced today that it has abolished hourly ferry flight fees
for new Program customers globally. Uniquely in the industry, the commitment
applies no matter where in the world a customer is flying to or from. The move
signals a significant commitment to VistaJet's mission to be the first operator
to offer a truly global service. Its customers now have complete freedom when
booking, without bearing the burden of paying a ferry flight hourly rate for an
aircraft to return to a home base or service area, and enjoying truly
transparent pricing.
Photos accompanying this announcement are available at
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Positioning fees have traditionally been a frustrating and unexpected cost for
business aviation clients. Currently, most companies in the sector make their
customers pay for the cost of returning the empty plane to its home airport or
service area after a flight is completed. Depending on location, this can add
tens of thousands to the overall cost of a flight. For example, if a customer
stepped onboard a London based aircraft towards Australia, the cost of returning
the aircraft to its home base could add more than $100,000 to the overall cost
of the journey.
The revolutionary new offering has been made possible by the $2.5bn investment
the company has made to grow its fleet to a global scale, as well as its effort
to establish a global customer base through its 10 sales offices around the
globe. The company's unique business model, built on removing the notion of a
home base for its aircraft, means customers only pay for the time they are in
the air: when a VistaJet Program customer books a flight, VistaJet will simply
move the nearest plane to pick them up.
Unlike business jet charter, VistaJet owns every one of the over 70 silver and
red aircraft in its fleet, so customers know what will greet them on the tarmac
anytime, anywhere in the world. The company has invested in an industry leading
operations centre in the European country of Malta, and created an innovative
infrastructure with the capacity to manage global flights 24 hours a day, 365
days a year. It has also established offices on 5 continents, managing flights
to over 1,600 airports in 187 countries to date.
Chairman and Founder Thomas Flohr said:
"When you call a taxi, you don't worry about paying for its journey to you.
Today's entrepreneur or business executive will be flying to America one week,
Asia or South America the next, and Europe in between, so it's become critical
to offer them a truly global service. The sustained investment we've made for
the past 13 years has been calculated to ensure we can offer our customers
something completely ground-breaking: one way pricing around the globe.
At VistaJet, we challenge ourselves every day to offer the best experience in
the industry. So along with knowing that our customers will only pay for the
time they are in the air, when they fly with us they know that they will receive
the very best service, with everything tailored to their specific needs."
About VistaJet
VistaJet is the first and only global aviation company. On its fleet of silver
and red business jets, VistaJet has flown corporations, governments and private
clients to 187 countries worldwide. Founded in 2004 by Thomas Flohr, the company
pioneered an innovative business model where customers pay only for the hours
they fly, free of the responsibilities and asset risks linked to aircraft
ownership. VistaJet's signature Program service offers customers a bespoke
subscription of flight hours on its fleet of mid and long range jets, to fly
them anywhere and at any time.
More VistaJet information and news at vistajet.com.
Information
Jennifer Tyler
VistaJet International
T: +44 203 617 3077
M: +44 7834 335505
jennifer.tyler(at)vistajet.com
James Leviton
Finsbury
+44 207 251 3851
VistaJet(at)finsbury.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: VistaJet Ltd via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 19.05.2017 - 11:12 Uhr
Sprache: Deutsch
News-ID 543445
Anzahl Zeichen: 6035
contact information:
Town:
London
Kategorie:
Business News
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"Industry First: VistaJet Abolishes Positioning Fees Globally"
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