in Business Aviation

Vistajet operates recoded number of flights as members increase in first half of 2018

Posted 11 July 2018 · Add Comment

VistaJet continued to gain substantial market share around the world during the first half of 2018.

 

Driven by the sustained demand for the Company’s flagship programme subscription model, new members rose by 32% year-on-year, with Europe doubling the number of new contracts against the same period last year. Renewal hours recorded a growth of 33%. 

Adding to its renowned global coverage and unique flight-hour subscription model, in 2018 VistaJet has further invested on service innovation for its passengers. The new Program offering, designed around VistaJet customers’ passions, encompassed key partnerships with world leading art and sport partners such as Christie’s and British Polo Day, as well as the launch of the most extensive traveler’s program for children in private aviation.

Global passenger numbers also increased and in the 1H 2018 VistaJet flew over 30,000 clients around the world, a 23% growth against the same period last year. Average flight times rose, as demand for longer, intercontinental routes intensified – a trend expected to increase further over the second half of the year.

The results demonstrate the global shift in flying preferences for individuals and corporations, who are moving away from aircraft ownership as they look to reduce flight costs and asset risks, without compromising on the convenience, benefits and comfort of business aviation. With an equity valuation in excess of $2.5 billion, establishing the Company as Malta’s first unicorn and fifth in Europe, VistaJet is well positioned to take even more market share by offering global coverage, consistent unparalleled quality and maximum efficiency.

Thomas Flohr, VistaJet's Founder and Chairman, said: “2017 was our strongest ever year and we started 2018 with an impressive acceleration. We continue to see sustainable growth across our business and retain the ability to adapt our offer to meet demand in every region around the globe. Our unique fleet and technology platform ideally places us to lead the market and seize new opportunities. We are committed to becoming the number one player in every market in which we operate, and we are on course to progress quickly towards our goal over the remainder of the year.”

* required field

Post a comment

Other Stories
Advertisement
Latest News

International players behind Libya’s drone war

Strikes are taking place every day in Libya’s deadly drone war. In the first conflict where unmanned aerial systems (UAS) are making up the bulk of the air operations, both sides have successfully attacked opposition aircraft. Alan

African airlines’ traffic climbed 1.8% in October

The International Air Transport Association (IATA) announced global passenger traffic data for October 2019 showing that demand (measured in total revenue passenger kilometers or RPKs) climbed 3.4% compared to the year-ago period.

SAA to enter into business rescue

South African Airways (SAA) has announced that the Board of Directors of SAA has adopted a resolution to place the company into business rescue at the earliest opportunity.

Just the ticket for tourism - or is it?

A new agreement among African states seeks to link the growth of air transport and tourism – but more has to be done to improve the continent’s aviation infrastructure. Alan Dron reports.

Air Senegal receives second A330neo

Air Senegal has taken delivery of its second A330neo. Anuradha Deenapanray Chappard reports.

African freight carriers see fastest growth of any region in October

The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased by 3.5% in October 2019, compared to the same period in 2018.

TAA SK0104311219
See us at
AVMENA20 BT1309100620AVAFA20BT2207050320