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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.

Unparalleled service, a global fleet of 72 identically branded aircraft and a diverse and broad customer base has allowed VistaJet to capture increasing demand from each region of the world. In the first half of 2018 the Company saw growth in flight revenue, flight hours and number of flights by 27%. North America spearheaded this expansion, accounting for 25% of total global hours flown.

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. 

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.”

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