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October 2017
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Clive Jackson says flyers are switching from jet ownership to on-demand, pay-as-you-go charter.

Victor provides a market analyis

Victor has seen its long-range aircraft bookings rise by 98 per cent year-on-year and the total number of private jet types chartered by its clients has increased by 25 per cent over the same period. While the Citation Mustang is its most requested model, the Gulfstream IV tops its list for US bookings. Over 80 per cent of its route pairings were unique, and travellers are targeting a variety of destinations, many to less traditional locales including Tanzania, Nigeria and Costa Rica.

Last year the company shortened 'time to book' by 38 per cent and saw a 45 per cent uplift in new members booking within their first week. It has enjoyed a strong start to 2017, including a record month for sales revenue in April and its biggest ever individual UK and US bookings in May. It has also relocated its US headquarters in Manhattan in order to accom-modate a rapidly expanded team of 25 sourcing, flight management and customer service experts. Victor's Q1 2017 flight data shows Luton is the most popular UK airport for jet charter while recognising a growing trend for airports further afield such as Manchester and Exeter. The UK is its busiest European country with 9,814 departures between January and March this year, and overall UK jet charter movements in Q1 2017 are up 12.7 per cent year-on-year.

FT1000 position marks four year growth

Victor has been placed 113th in the Financial Times' poll of Europe's 1000 fastest growing businesses, and is the highest-placed aviation company. It reflects major revenue growth of 945 per cent over a four- year period.

 

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