VistaJet increased revenue and growth for flight hours in 2017

KUALA LUMPUR: VistaJet has increased by 22 per cent its flight revenue, its EBITDA rising by 28 per cent and growth in flight hours in all of its core markets with strong results in US with 39 per cent growth for fiscal year 2017.

The performance is in line with the upward trajectory experienced by the company since it was founded with recording year- on- year organic compounded revenue growth of over 18 per cent between 2008 and 2017, a statement said.

VistaJet’s 2018 outlook is ideally placed for further longterm, sustainable growth with its proprietary infrastructure to scale the business much further and in the most cost effective way for its clients and provides them with seamless experiences, a statement said.

“We continue to see sustainable growth across our business and retain the ability to adapt our offer to meet demand in every region. It’s particularly pleasing to see our entire portfolio of flight solutions reporting growth last year,” said founder and chairman of Vistajet, Thomas Flohr.

The company’s flight revenue is driven by the continued popularity of its unique and compelling subscription business model and the broader trends in the market while its EBITDA is rising because of its scalable infrastructure and technological advantage.

Due to its global platform, VistaJet’s diverse and broad customer base largely protected from political or economic uncertainty in any one market, and can benefit from positive economic results in each region. Vistajet also offers a complete global portfolio of flight solutions with its -- Program, Direct and On Demand services.

VistaJet Ltd is the first and only global aviation company which has flown corporations, governments and private clients to 187 countries, covering 96 per cent of the world. — Bernama