VistaJet's US Customer Base Trebles - Reinforcing Its Commanding Position in the Market
(Thomson Reuters ONE) -
Following strong Q3 results in North America, VistaJet aims to amplify its
efforts and resources to continue the positive momentum in the region
For North America ending September 30:
* New Program customers increased three times year over year
* New Program hours increased 146% year over year
* Flight departures increased by 30% in Q3 '17 v. Q3 '16
* Q3 '17 Program hours increased 210% v. Q3 '16
* 45% of Program customers who have joined in past 12 months have booked
additional hours
* Today's results follow $150 million investment from Rhône Capital
LAS VEGAS, Oct. 09, 2017 (GLOBE NEWSWIRE) -- VistaJet, the first and only global
aviation company, is delighted to announce a set of results that highlights the
significant progress made in the US throughout the third quarter ending
September 30, 2017. Driving the growth is the company's flagship Program
Membership, registering three times more clients year over year, resulting in a
146% increase in Program hours. Moreover, flight hours sold to Program members
grew significantly over the period with an increase of 210% compared to Q3 '16.
In addition to VistaJet's marked rise in new US passengers, 45% of those who
joined as Program customers have gone on to increase the total number of hours
flown.
A photo accompanying this announcement is available
at http://www.globenewswire.com/NewsRoom/AttachmentNg/ef21bfc7-9dc9-4c61-a5c1-
f7474fef077d
VistaJet's Q3 announcement reinforces the global trend of individuals and
corporations moving away from aircraft ownership as they look to shed costs and
asset risks, but not the comfort, convenience and benefits of private aviation.
Following the $150 million investment from Rhône Capital - which now values
VistaJet in excess of $2.5 billion - the company is well positioned to conquer
even more fractional and full aircraft owners in the US market, by offering
global coverage, consistent unparalleled quality and maximum efficiency.
Thomas Flohr, VistaJet's Founder and Chairman, stated, "We're extremely pleased
to announce today's update as it is evidence of the exponential progress
VistaJet is making in the US, the core market of private aviation. The numbers
we see show two very important things about private aviation in the US. First,
there continues to be a trend away from owning aircraft, either entirely or a
fraction, given the associated costs and assets risk. Second, demand for high
quality private aviation services continues to grow, proven by our ability to
treble the number of US Program customers. US customers, both corporate and
individual, are discovering that VistaJet is the new generation of business
aviation solution. We are leading the industry by building services around the
new shared-economy customers, while we keep offering the highest service level,
and delivering it in the most efficient manner."
As a result of the company's continued success in the region, VistaJet also
announces that it will increase its dedicated US fleet by 50%, to support its
growing clients' demand.
To showcase VistaJet's fleet of luxury aircraft, bespoke services and curated
details, the company will meet prospective customers in six US cities on board
one of its Bombardier Global 5000 aircraft. The tour will allow selected
prospective clients to try the VistaJet experience, as have 250,000 passengers
already, flying to over 1,600 airports in 187 countries (or 96% of the world).
Between October 16-23, a VistaJet Global 5000 will visit Los Angeles, San
Francisco, Seattle, Chicago, Boston and New York.
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: www.vistajet.com.
VistaJet Investor information: www.vistajet.com/investors/
VistaJet Direct information: https://www.vistajet.com/direct/
Contact Information:
DKC
Liz Anklow
Executive Vice President
T: +1.212.981.5103
Liz_Anklow(at)dkcnews.com
VistaJet
Michael Salamanca
Regional Marketing Manager, The Americas
T: +1.917.755.3734
Michael.Salamanca(at)vistajet.com
Statements in this release are based solely upon information available as of the
date of this release, are not a comprehensive statement of the
Company's financial results or positions as of or for the 2017 fiscal year, and
have not been audited, reviewed, or compiled by independent registered
accounting firm. Therefore, the financial information in this release is
preliminary, unaudited and subject to revision upon completion of the Company's
closing and audit processes. The company assumes no obligation to update any
information contained herein, save for any information required to be disclosed
by law.
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: 09.10.2017 - 18:07 Uhr
Sprache: Deutsch
News-ID 562937
Anzahl Zeichen: 6201
contact information:
Town:
London
Kategorie:
Business News
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"VistaJet's US Customer Base Trebles - Reinforcing Its Commanding Position in the Market"
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