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
October 9, 2017 – 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.
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.