The timing of Victor’s latest accolade couldn’t be any more significant….
This week I attended a private dinner to officially collect Victor’s award for 33rd position in the latest Sunday Times Tech Track 100. This is our third consecutive year in the higher echelons of a hugely prestigious league table that recognizes the UK’s fastest-growing, most dynamic private tech companies.
Separately, leading aviation analysts TRAQPak and WINGX have just shared their market activity reports for October – these reports confirm, respectively, that private jet travel in North America is up 4.1% and in Europe by 8%; the latter driven by 13% growth specifically in jet charter.
The jet space is gaining momentum. Aerospace and defence market intelligence and analysis firm Teal Group recently called for business aircraft deliveries to return to pre-recession 2008 levels in 2021. Nevertheless, right now, manufacture appears to remain sluggish. In the current economic climate, Victor continues to see flyers switching from jet ownership to on-demand, pay-as-you-go charter because it allows them to fly more flexibly and efficiently.
Exclusive Victor research alongside WINGX seems to reinforce the shift from ownership to charter – year to date, 62% of all European jet movements have been chartered versus 37% attributed to ‘owned’ private aircraft. Further data in WINGX’s own monthly report indicates that, across Europe, the number of charter flights have grown every month since October 2016.
Victor is, once again, the Tech Track 100’s highest-placed aviation business. We are out-pacing our competition with the same commitment upon which we launched in 2011. Our focus on transparency, cutting-edge technology and data science, and world-class customer support continues to advance our major growth and disruption of the private jet industry.
Ultimately, it is transactions that speak louder than words. Victor’s incredible four-year growth of 946% is set to propel our $39m of sales in 2016 to over $60m in 2017. By the end of 2018, Victor aims to become the biggest on-demand charter provider, by transaction value. As I’ve mentioned before, we will continue to increase our numbers of customers through the innovation of our omni-channel booking platform; we will also find smart new ways of adding value for flight operators and other industry service providers through a proposed ‘full service’ B2B marketplace. Victor’s blog post earlier today on a new strategic agreement with RocketRoute more than taps into this strategic vision.
Awards, growth and a buoyant market – it’s a really, really exciting time to be involved with charter, and working at Victor.
Founder & CEO, Victor
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