Record results as company continues to gain market share across all markets
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/4fdcbdf1-108d-4c15-bc20-88d80cfbf9e1 A core driver to VistaJet’s Program Membership growth came from its North American market, seeing a 25% growth in its US-based customers in the third quarter alone. VistaJet also saw its largest increase in flight hours from North America, up 22%, representing yet another quarter of double-digit year-over-year growth. Over the same period, VistaJet achieved a 24% rise in EBITDA thanks to its unique global infrastructure and the investment into its proprietary technology. Today’s update yet again demonstrates the global trend of individuals and corporations moving away from aircraft ownership as they look to reduce costs and asset risks, but not the comfort, convenience and benefits of business aviation. Supporting this trend was the recent $150 million investment from Rhône Capital announced in August, now valuing VistaJet equity in excess of $2.5 billion. The company is well positioned to attract even more fractional and full aircraft owners in the US market, by offering global coverage, consistent unparalleled quality and maximum efficiency. "Today's record results are yet another milestone in VistaJet's history and prove the global demand for our unique model and ability to shake up the business aviation industry. It is clear that in today's On Demand economy, individuals want the flexibility and cost-effectiveness of the VistaJet Program," said Thomas Flohr, VistaJet's Founder and Chairman. "I am also extremely pleased with the continued growth we are making in the US, the largest business market in the world. The progress has been made on the back of positive feedback from customers who are continually recommending VistaJet to their peers for its unrivalled and consistent level of service, anytime and anywhere they fly. We are excited to continue building VistaJet’s leading position in the industry thanks to our customers’ trust and support." About VistaJet VistaJet is the first and only global aviation company. On its fleet of silver and red business jets, VistaJet has flown corporations, governments and private clients to 187 countries worldwide. Founded in 2004 by Thomas Flohr, the company pioneered an innovative business model where customers pay only for the hours they fly, free of the responsibilities and asset risks linked to aircraft ownership. VistaJet’s signature Program service offers customers a bespoke subscription of flight hours on its fleet of mid and long-range jets, to fly them anywhere and at any time. More VistaJet information and news at vistajet.com. Information Jennifer Tyler VistaJet International T: +44 (0) 203 617 3077 M: +44 (0) 7834 335505 [email protected] James Leviton Finsbury T: +44 207 251 3851 [email protected] Source : VistaJet Ltd --BERNAMA
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Mobility platform connects supply chain partners from end to end; delivers real-time strategic planning, tracking, and routing capabilities MANCHESTER, United Kingdom & HOLLAND, Mich., Nov 30 (Bernama-BUSINESS WIRE) -- BluJay Solutions, a leading provider of supply chain software and services powered by the world’s first Global Trade Network (GTN), today unveiled its MobileSTAR mobility platform. MobileSTAR is a flexible, easy-to-deploy platform that manages the last-mile delivery experience for shippers and carriers of all types. It provides real-time connection and driver optimization capabilities through any mobile device to increase customer satisfaction, while reducing operational costs. http://mrem.bernama.com/viewsm.php?idm=30673 - New series A investments in mobile bill payment platform in Indonesia and digital mortgage broker in the Netherlands
- Finch Capital formerly was operating under the brand Orange Growth Capital. The new brand name reflects the firm’s global financial technology focus - Key geographical markets for investment are Europe and South East Asia AMSTERDAM & LONDON & JAKARTA, Indonesia, Nov 29 (Bernama-BUSINESS WIRE) -- Today Finch Capital, financial technology venture capital firm, announced that it has led the Series A investments for two companies: an investment in Ayopop, an Indonesian mobile bill payment platform and a €2 million investment in Ikbenfrits, a digital mortgage broker based in the Netherlands. Finch Capital will join both companies’ boards. From its offices in Amsterdam, London and Singapore, Finch Capital invests in innovative technology companies that are driving the transformation of the financial services industry. Its portfolio companies are solving problems associated with legacy financial services systems and innovating to increase revenue, reduce costs and improving customer interactions. Radboud Vlaar, Partner at Finch Capital said: “We are the only fintech VC to focus on start ups in both Europe and South East Asia and are seeing significant innovation in these markets. In Europe, financial services represents 30% of GDP: it is well established but ripe for innovation. By contrast, in South East Asia, the opportunity lies in the new technologies that are, for the first time, providing financial services to a large underserved market. We are specifically interested in Indonesia as it is predicted to be the world’s 4th largest economy by 20501. These market dynamics provide exciting investment opportunities for us.” Hans de Back, Partner at Finch Capital commented on Finch Capital’s Indonesian investment: “Ayopop’s platform gives consumers an efficient way of making bill payments and illustrates how customers are using new avenues to achieve this. We were impressed with Ayopop’s growth, execution and product development. Ayopop has become a one-stop payments solution for Indonesian consumers that takes care of a variety of their needs. We look forward to working with the team during the next growth phase.” Radboud Vlaar comments on Finch Capital’s investment in Ikbenfrits: “Since its inception in 2015, Ikbenfrits has brought significant efficiencies to the proptech industry, by targeting the refinance mortgage niche. Although the Netherlands is the second largest mortgage market in Europe, it has until now been fragmented and difficult to navigate. We are thrilled to work closely with the Ikbenfrits team, who in a short time have gained the largest on-line market share in this region, proving the company’s utility and potential to scale.” mrem.bernama.com/viewsm.php?idm=30668 NEW YORK, Nov 30 (Bernama-BUSINESS WIRE) -- Soterix Medical, Inc. (SMI) announces that it has received Singapore’s Health Sciences Authority (HSA) approval for its non-invasive therapeutic medical device. This approval allows Soterix Medical to immediately market its products based on its proprietary transcranial Direct Current Stimulation (tDCS) technology in Singapore. The therapy works by delivering a mild electrical current through electrodes placed on the head relieving the symptom of Major Depression using the Depression tDCS-LTE™treatment or Fibromyalgia using the PainX™ treatment. Patients who have not responded well to drug treatment are candidates for Depression tDCS-LTE or PainX treatment where typical adverse events are limited to mild itching and tingling. The therapy is available as a 20-30 minute in-office treatment.
“South East Asia is an important region for Soterix Medical,” according to Chief Product Manager Kamran Nazim. “HSA approval reflects our mission to deliver our treatment technologies worldwide and will build on our momentum and presence in these rapidly developing markets. This approval is a milestone toward securing approvals across Asia as a whole, including Japan, South Korea, China, and other countries to meet the rapidly escalating demand for advanced device-based therapies in the continent.” mrem.bernama.com/viewsm.php?idm=30672 |
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