Press Release

Issued by Victor.

May 20, 2015

At EBACE, Victor has announced it is the fastest-growing on-demand private jet charter service company for the third year running.

Victor, which is the only end-to-end charter booking and flight management service online and on mobile devices, has increased revenue by 260% year on year since last EBACE. The private jet industry recognizes the role of technology in driving positive change across the industry and in March, Victor received mezzanine funding round of $8m as part of on-going investment in its technology.

In March 2015, Victor unveiled its mobile app, the first completely transparent app that allows travellers to search, compare, book and board a private jet entirely from their smartphones. In just two months, 50% of all Victor bookings are now via the mobile app. So far flights booked via the app range from £5K to £150K, demonstrating that Victor's customers are booking online and via their smartphones for everything from light jets through to heavy jets.

50% of bookings made on the app are booked eight days before the flight, allowing for more spontaneous travel. Prior to the app launch the average time from booking to flight was 24 days. With the Victor mobile app, the booking window narrows much more than with a typical jet charter broker or, even online.

The Victor model is the only scalable on-demand jet charter service on the market able to meet the growing global demand for private aviation solutions. In fact, as the next phase of the sharing economy, Victor will be extending its reach by franchising its technology to large-scale private jet brokers seeking to better automate and serve their customers.