VistaJet reports 27% increase in flight hours in 2018
Amidst a renewed golden age in business aviation for VVIP aircrafts, VistaJet, one of the world's largest private jet operators, has reported a 27% increase in flight hours so far in the first half of 2018. According to executives, most of the growth came from North America, which accounts for over 25% of the company's total hours flown.
Underneath this growth in flight hours is a 32% year-over-year bump in the amount of VistaJet members, according to the company, which is aiming to grow its subscription model amongst customers. So far in 2018, 30,000 clients have flown with the operator across a fleet of 72 aircrafts. In 2017, they started promoting an app to go direct to clients.
"The whole world is turning into a now world. People don’t have time to wait an hour for their PAs to book flights, this app allows them to book and confirm in minutes." said VistaJet's founder, Thomas Flohr. "Customers can now book a flight and access the full array of our services no matter where in the world they are, at a time to suit them."
Earlier this summer, VistaJet also debuted a program to offer in-flight entertainment to kids such as Mad Hatter tea parties and costume contests amongst other things. "We noticed an increase in requests for flying with children" said Matteo Atti, Marketing VP at VistaJet. "Many high-net-worth families have turned to private aviation for their personal travels."
Seeing profits rise 32% year-over-year VistaJet, which owns 72 aircrafts, recently raised $150 million from investment banks at a valuation of over $2.5 billion.