Friday, May 4, 2018
Thursday, May 3, 2018
MASH GROUP PLC REPORTS INTERIM UNAUDITED FINANCIALS, Q1 2018 ENDED 31ST MARCH 2018
Mash Group reports record revenue, up 78% from Q1/17 and 23% from Q4/17. With an EBIT of EUR 1.2 million, the Group believes they are well positioned to maintain momentum, comments CEO Hickson.
FINLAND, May 2 (Bernama-GLOBE NEWSWIRE) -- Mash continued to grow rapidly in all markets during the first quarter, with new daily, weekly and monthly records in January, February and March.
Financial Highlights
- Lending volumes in Q1/18 were 31% higher than in Q4/17, and 142% higher than Q1/17.
- Revenues increased by 23% from the previous quarter and 78% compared to Q1/17, while EBIT increased 204% and 149%, correspondingly.
- The Group’s solidity remains excellent, with equity increasing by 32% compared to the previous quarter and 78% compared to Q1/17, raising the equity ratio to 42%.
- Total assets grew by 23% (Q4/17) and 70% (Q1/17).
“Today, our average monthly volumes are over two and a half times that of Q1 2017 and three times compared to Q1 2016”, says Group CEO James Hickson. “This is a testament to the bold decisions we made in 2017 to reposition our products, invest in our people and focus on developing strong partnerships that help drive sustainable growth moving forward. The changes we made to our product – shifting away from upfront fees to interest-based pricing – increases revenue over time, and we expect to benefit from that in 2018.”
“We are also happy with the investment we have made with our pay later solution in Finland, which is now available in thousands of stores with plans to launch in more markets in 2018. There is work still to do, and we continue to explore potential collaboration opportunities with established market players to build new capabilities, but we believe we are well positioned moving forward.”
Tommi Lindfors, Chairman of Mash Group added, “We made significant progress to grow our equity to 42% of our total balance sheet. This underscores the belief from our new and existing investors in our go-forward business and strategy, which is today ratified by our Q1 result.”
The Group confirmed that they will communicate Q2 2018 figures on Monday 13th of August.
http://mrem.bernama.com/viewsm.php?idm=31817
FINLAND, May 2 (Bernama-GLOBE NEWSWIRE) -- Mash continued to grow rapidly in all markets during the first quarter, with new daily, weekly and monthly records in January, February and March.
Financial Highlights
- Lending volumes in Q1/18 were 31% higher than in Q4/17, and 142% higher than Q1/17.
- Revenues increased by 23% from the previous quarter and 78% compared to Q1/17, while EBIT increased 204% and 149%, correspondingly.
- The Group’s solidity remains excellent, with equity increasing by 32% compared to the previous quarter and 78% compared to Q1/17, raising the equity ratio to 42%.
- Total assets grew by 23% (Q4/17) and 70% (Q1/17).
“Today, our average monthly volumes are over two and a half times that of Q1 2017 and three times compared to Q1 2016”, says Group CEO James Hickson. “This is a testament to the bold decisions we made in 2017 to reposition our products, invest in our people and focus on developing strong partnerships that help drive sustainable growth moving forward. The changes we made to our product – shifting away from upfront fees to interest-based pricing – increases revenue over time, and we expect to benefit from that in 2018.”
“We are also happy with the investment we have made with our pay later solution in Finland, which is now available in thousands of stores with plans to launch in more markets in 2018. There is work still to do, and we continue to explore potential collaboration opportunities with established market players to build new capabilities, but we believe we are well positioned moving forward.”
Tommi Lindfors, Chairman of Mash Group added, “We made significant progress to grow our equity to 42% of our total balance sheet. This underscores the belief from our new and existing investors in our go-forward business and strategy, which is today ratified by our Q1 result.”
The Group confirmed that they will communicate Q2 2018 figures on Monday 13th of August.
http://mrem.bernama.com/viewsm.php?idm=31817
Scaled Agile meets growing demand in India and ASEAN countries
KUALA LUMPUR, May 3 (Bernama) -- Scaled Agile Inc, a provider of Scaled Agile Framework (SAFe) -- one of world's leading framework for enterprise agility - has appointed Pranjal Swarup as new Partner Development and Enablement Manager in Bangalore, India to support the growth of SAFe there and in ASEAN countries.
With 14 years of experience in service delivery, channel enablement and technology consulting, Swarup's background allows Scaled Agile to provide partners with regional support in the same time zone, understand the local culture, identify and enable local partners, helping them to grow and provide value to their customers, a statement said.
"India continues to be a vibrant and important center of technical expertise that helps extend software and system development capabilities across the globe," said president and chief operating officer, Scaled Agile, Chris James.
"This new position will help meet the growing demand for support of the Framework in the region and allows our partners to meet the challenges their customers are faced with in a new environment of continuous innovation and digital disruption," James added.
The South Asian marketplace has transitioned from simple offshore services to end-to-end integration with business environments driven by digital disruption to meet their customers' changing needs.
The application of SAFe for organisations where more than 50 people are working on the same product, service, or system can become a key enabler for future enterprise success.
The Scaled Agile Partner Network supports SAFe implementations and can bring important tools to assist organizations successfully make that transformation.
With 14 years of experience in service delivery, channel enablement and technology consulting, Swarup's background allows Scaled Agile to provide partners with regional support in the same time zone, understand the local culture, identify and enable local partners, helping them to grow and provide value to their customers, a statement said.
"India continues to be a vibrant and important center of technical expertise that helps extend software and system development capabilities across the globe," said president and chief operating officer, Scaled Agile, Chris James.
"This new position will help meet the growing demand for support of the Framework in the region and allows our partners to meet the challenges their customers are faced with in a new environment of continuous innovation and digital disruption," James added.
The South Asian marketplace has transitioned from simple offshore services to end-to-end integration with business environments driven by digital disruption to meet their customers' changing needs.
The application of SAFe for organisations where more than 50 people are working on the same product, service, or system can become a key enabler for future enterprise success.
The Scaled Agile Partner Network supports SAFe implementations and can bring important tools to assist organizations successfully make that transformation.
Wednesday, May 2, 2018
EXTRAHOP ANNOUNCES THE GLOBAL AVAILABILITY OF NETWORK SECURITY ANALYTICS PRODUCT REVEAL(X)
New Security Analytics Product Exposes Attacks on Critical Assets by Discovering and Contextualizing all Network Transactions to Surface High Risk Anomalies and Automate Investigations
SINGAPORE, May 2 (Bernama-BUSINESS WIRE) -- ExtraHop, the leader in analytics for security and performance management, today announced the global availability of ExtraHop Reveal(x). This new network security analytics product harnesses real-time wire data analytics and machine learning to analyse all network interactions for abnormal behaviour and identify critical assets in the environment. With a 3-in-1 workflow optimized for discovery, correlation, and investigation, Reveal(x) focuses the security analysts’ attention on the most important risks and streamlines response to limit exposure.
Security teams today face a convergence of factors that complicate operations and decrease visibility. Hybrid and multi-cloud architectures increase agility but reduce operational control. Encryption is vital but disguises both benign and malicious activities. A new source of insight is required for modern architectures, one that provides empirical evidence to help analysts triage and investigate threats with confidence and timeliness.
Reveal(x) delivers situational intelligence and automated investigation that turns the network into the most complete objective source of insight into the threats and vulnerabilities in your environment.
SINGAPORE, May 2 (Bernama-BUSINESS WIRE) -- ExtraHop, the leader in analytics for security and performance management, today announced the global availability of ExtraHop Reveal(x). This new network security analytics product harnesses real-time wire data analytics and machine learning to analyse all network interactions for abnormal behaviour and identify critical assets in the environment. With a 3-in-1 workflow optimized for discovery, correlation, and investigation, Reveal(x) focuses the security analysts’ attention on the most important risks and streamlines response to limit exposure.
Security teams today face a convergence of factors that complicate operations and decrease visibility. Hybrid and multi-cloud architectures increase agility but reduce operational control. Encryption is vital but disguises both benign and malicious activities. A new source of insight is required for modern architectures, one that provides empirical evidence to help analysts triage and investigate threats with confidence and timeliness.
Reveal(x) delivers situational intelligence and automated investigation that turns the network into the most complete objective source of insight into the threats and vulnerabilities in your environment.
- Unprecedented Enterprise Visibility: Reveal(x) analyses all network traffic across the entire application payload, identifying in real time all encrypted traffic, rogue nodes, IoT devices, and BYOD systems. It analyses 40+ protocols, decrypting SSL and perfect forward secrecy (PFS) traffic, and auto-discovers and auto-classifies all connected devices, keeping security teams focused on the most critical assets.
- Advanced Behavioural Analytics: Utilizing real-time analytics and advanced machine learning, Reveal(x) identifies abnormal behavioural patterns as they occur and correlates them against continuously monitored critical assets so that security teams can target the most immediate threats.
- Automated Investigation: The Reveal(x) analytics-first workflow takes you from issue to associated packets in a matter of clicks. This simplicity replaces hours spent manually collecting and parsing through data, enabling real-time insights and rapid root cause determination. Global search and indexing provide immediate access to security insights. And ExtraHop integrates with your existing security infrastructure and automates response using Splunk, Phantom, Palo Alto, ServiceNow, Cisco, Ansible, and others.
“Attack surfaces are expanding and the sophistication of attackers is increasing. There simply aren’t enough talented security professionals to keep up," said Jesse Rothstein, CTO and co-founder, ExtraHop. "Reveal(x) provides security teams with increased scrutiny of critical assets, detection of suspicious and anomalous behaviours, and workflows for both automated and streamlined investigation. With the global availability of Reveal(x), we now enable practitioners across the world’s largest enterprises to do more with less by getting smarter about the data they already have.”
Reveal(x) addresses the gaps in security programs by harnessing wire data, which encompasses all information contained in application transactions. It auto-discovers, classifies, and prioritizes all devices, clients, and applications on the network and employs machine learning to deliver high-fidelity insights immediately. Anomalies are directly correlated with the attack chain and highlight hard-to-detect activities, including internal reconnaissance, lateral movement, command and control traffic, and exfiltration.
What Customers Are Saying:
"When you work in a business dealing with the nation's leading insurance companies, there is a lot of pressure to get it right. We rely on ExtraHop to provide us with the visibility needed to investigate performance and security issues," said Chris Wenger, Senior Manager of Network & Telecommunication Systems at Mitchell International. "With ExtraHop in our IT environment, we can more easily monitor all of the communications coming into our network, including use of insecure protocols. These insights enable my team to better secure our environment. ExtraHop has been that extra layer of security for us."
What Analysts Are Saying:
“A complete data source is the starting point for successful security analytics programs,” said Rob Bamforth, Independent Analyst. "Prioritizing critical assets with insights from smart, machine learning-based network traffic analytics is a way to deliver comprehensive visibility that ultimately enables security teams to sort through the noise of threat alerts in order to detect and investigate what matters most, before critical damage is done."
What Partners Are Saying:
"As the demand for superior IT analytics grows, our customers are searching for solutions that automatically uncover opportunities and threats across the entire IT landscape. Leading security programmes require the broadest visibility, with real time accuracy, to be able to identify and address threats before any damage is done,” said Graeme Allcock, CEO of CorrServe. "We are delighted to now offer ExtraHop Reveal(x) to our customers, providing best of breed, automated detection and investigation of threats along with total enterprise visibility and machine learning."
For more information on ExtraHop Reveal(x), check out these additional resources:
Reveal(x) addresses the gaps in security programs by harnessing wire data, which encompasses all information contained in application transactions. It auto-discovers, classifies, and prioritizes all devices, clients, and applications on the network and employs machine learning to deliver high-fidelity insights immediately. Anomalies are directly correlated with the attack chain and highlight hard-to-detect activities, including internal reconnaissance, lateral movement, command and control traffic, and exfiltration.
What Customers Are Saying:
"When you work in a business dealing with the nation's leading insurance companies, there is a lot of pressure to get it right. We rely on ExtraHop to provide us with the visibility needed to investigate performance and security issues," said Chris Wenger, Senior Manager of Network & Telecommunication Systems at Mitchell International. "With ExtraHop in our IT environment, we can more easily monitor all of the communications coming into our network, including use of insecure protocols. These insights enable my team to better secure our environment. ExtraHop has been that extra layer of security for us."
What Analysts Are Saying:
“A complete data source is the starting point for successful security analytics programs,” said Rob Bamforth, Independent Analyst. "Prioritizing critical assets with insights from smart, machine learning-based network traffic analytics is a way to deliver comprehensive visibility that ultimately enables security teams to sort through the noise of threat alerts in order to detect and investigate what matters most, before critical damage is done."
What Partners Are Saying:
"As the demand for superior IT analytics grows, our customers are searching for solutions that automatically uncover opportunities and threats across the entire IT landscape. Leading security programmes require the broadest visibility, with real time accuracy, to be able to identify and address threats before any damage is done,” said Graeme Allcock, CEO of CorrServe. "We are delighted to now offer ExtraHop Reveal(x) to our customers, providing best of breed, automated detection and investigation of threats along with total enterprise visibility and machine learning."
For more information on ExtraHop Reveal(x), check out these additional resources:
- Reveal(x) addresses the persistent challenge that costs security programs millions
- What a customer CEO says about using ExtraHop for security
- Reveal(x) product details
- Read about ExtraHop and GDPR
Product Availability
ExtraHop Reveal(x) is available now in North America, European Union, UK, Singapore, Australia and South Korea, via ExtraHop’s value-added resellers for an annual subscription.
About ExtraHop
ExtraHop is the first place IT turns for insights that transform and secure the digital enterprise. By applying real-time analytics and machine learning to all digital interactions on the network, ExtraHop delivers instant and accurate insights that help IT improve security, performance, and the digital experience. Just ask the hundreds of global ExtraHop customers, including Sony, Lockheed Martin, Microsoft, Adobe, and DIRECTV. To experience the power of ExtraHop, explore our interactive online demo. Connect with us on Twitter, LinkedIn, and Facebook.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180501006983/en/
Contact
ExtraHop
Mentha Benek, 206-787-8417
pr@extrahop.com
Source : ExtraHop
ExtraHop Reveal(x) is available now in North America, European Union, UK, Singapore, Australia and South Korea, via ExtraHop’s value-added resellers for an annual subscription.
About ExtraHop
ExtraHop is the first place IT turns for insights that transform and secure the digital enterprise. By applying real-time analytics and machine learning to all digital interactions on the network, ExtraHop delivers instant and accurate insights that help IT improve security, performance, and the digital experience. Just ask the hundreds of global ExtraHop customers, including Sony, Lockheed Martin, Microsoft, Adobe, and DIRECTV. To experience the power of ExtraHop, explore our interactive online demo. Connect with us on Twitter, LinkedIn, and Facebook.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180501006983/en/
Contact
ExtraHop
Mentha Benek, 206-787-8417
pr@extrahop.com
Source : ExtraHop
SYMPHONY TALENT CONTINUES GROWTH, ADDS NEW CLIENTS
Brands across all industries tap into Symphony Talent’s innovative talent acquisition solutions
New York, May 2 (Bernama-GLOBE NEWSWIRE) -- Symphony Talent, a leading Talent Acquisition solutions provider, today announced additions to its global client base across a diversified field of industries, demonstrating the company’s continued momentum in applying its data-driven, consumer marketing approach in the HR tech and Employer Branding space through the company’s Hodes, M-Cloud and X-Cloud solutions.
“Today’s Talent Acquisition leaders are not only expected to attract, hire and engage the best talent but also to help drive the change management agenda in their organization’s transformation,” said Roopesh Nair, president and CEO, Symphony Talent. “Our strong growth trajectory is indicative of a global trend as organizations continue to recognize the need to leverage data while bringing digital and brand to the core of their operations to meet the changing expectations of the social, mobile and digital natives who are their customers, candidates and employees.”
Symphony Talent’s fully modular solutions (Hodes, M-Cloud and X-Cloud) go far beyond just what recruiters and candidates need, to provide what they expect in today’s consumer-centric environment. By combining employer branding, recruitment marketing, award winning creative, candidate and employee engagement, and media optimization, Symphony Talent’s solutions empower leading brands to redefine and modernize their talent acquisition and employee engagement efforts. The result is the delivery of personalized, relevant and captivating experiences for recruiters, candidates and employees.
The company recently added more than 20 new marquee brands to its global portfolio. These signings, the organization’s expanded relationships with existing clients, and the continued solutions innovation are key drivers of Symphony Talent’s successful start in 2018. Recent client additions across North America, Europe and APAC include: Bashas' Inc., Invesco, Fidelity National Information Services (FIS), Highmark Health, Compass Group Canada, Liberty Mutual, VCA, Parsons, Cambridge Consultants, Baylor, Scott & White, Regis Corporation, UCLA Health, Sonova, Orkla, Merck, Sky and Epsilon.
European Managing Director, Simon Phillips added; “It’s been a hugely exciting time over the past 12-months watching our rapid growth evolve even further with the combination of award-winning creative and brand strategy being powered by game-changing technology. This is delivering incredible personalized experiences both inside and outside of the organizations we’re working with and for the new clients we’re winning.”
“Organizations in APAC are increasingly differentiating themselves through investments in technology and award winning creative,” noted Kesavan Kanchi Kandadai, Managing Director for India and APAC. “Symphony Talent recognizes that need and is excited to help organizations realize their brand promise through the power of our innovative solutions. These recent client additions serve to strengthen our commitment to invest and grow our Asia Pacific business in the next 2 years.”
“Our customers are realizing significant, measurable results as they leverage our solutions to attract, hire, and engage the highest quality talent,” Nair added. “I’m proud of the trust our clients invest with us, as well as our global team’s commitment to innovation to ensure that our solutions are evolving with our client’s and the market’s needs.”
About Symphony Talent
Symphony Talent is redefining how employers and talent connect. By applying data-driven consumer marketing best practices, we provide seamless, personalized experiences through our best-in-class smart technology, award winning creative, and trusted strategy and client services solutions. We simplify and streamline the process to find, hire, and engage talent. The result is a unified, seamless experience for recruiters, hiring managers, and candidates. Companies such as Northwell Health, Chili’s and UnitedHealth Group rely on Symphony Talent to power their talent acquisition efforts. For more information, visit: www.symphonytalent.com or follow us on Twitter, @SymphonyTalent_.
Colleen Naugle
Symphony Talent
4844592686
colleen.naugle@symphonytalent.com
SOURCE : Symphony Talent
New York, May 2 (Bernama-GLOBE NEWSWIRE) -- Symphony Talent, a leading Talent Acquisition solutions provider, today announced additions to its global client base across a diversified field of industries, demonstrating the company’s continued momentum in applying its data-driven, consumer marketing approach in the HR tech and Employer Branding space through the company’s Hodes, M-Cloud and X-Cloud solutions.
“Today’s Talent Acquisition leaders are not only expected to attract, hire and engage the best talent but also to help drive the change management agenda in their organization’s transformation,” said Roopesh Nair, president and CEO, Symphony Talent. “Our strong growth trajectory is indicative of a global trend as organizations continue to recognize the need to leverage data while bringing digital and brand to the core of their operations to meet the changing expectations of the social, mobile and digital natives who are their customers, candidates and employees.”
Symphony Talent’s fully modular solutions (Hodes, M-Cloud and X-Cloud) go far beyond just what recruiters and candidates need, to provide what they expect in today’s consumer-centric environment. By combining employer branding, recruitment marketing, award winning creative, candidate and employee engagement, and media optimization, Symphony Talent’s solutions empower leading brands to redefine and modernize their talent acquisition and employee engagement efforts. The result is the delivery of personalized, relevant and captivating experiences for recruiters, candidates and employees.
The company recently added more than 20 new marquee brands to its global portfolio. These signings, the organization’s expanded relationships with existing clients, and the continued solutions innovation are key drivers of Symphony Talent’s successful start in 2018. Recent client additions across North America, Europe and APAC include: Bashas' Inc., Invesco, Fidelity National Information Services (FIS), Highmark Health, Compass Group Canada, Liberty Mutual, VCA, Parsons, Cambridge Consultants, Baylor, Scott & White, Regis Corporation, UCLA Health, Sonova, Orkla, Merck, Sky and Epsilon.
European Managing Director, Simon Phillips added; “It’s been a hugely exciting time over the past 12-months watching our rapid growth evolve even further with the combination of award-winning creative and brand strategy being powered by game-changing technology. This is delivering incredible personalized experiences both inside and outside of the organizations we’re working with and for the new clients we’re winning.”
“Organizations in APAC are increasingly differentiating themselves through investments in technology and award winning creative,” noted Kesavan Kanchi Kandadai, Managing Director for India and APAC. “Symphony Talent recognizes that need and is excited to help organizations realize their brand promise through the power of our innovative solutions. These recent client additions serve to strengthen our commitment to invest and grow our Asia Pacific business in the next 2 years.”
“Our customers are realizing significant, measurable results as they leverage our solutions to attract, hire, and engage the highest quality talent,” Nair added. “I’m proud of the trust our clients invest with us, as well as our global team’s commitment to innovation to ensure that our solutions are evolving with our client’s and the market’s needs.”
About Symphony Talent
Symphony Talent is redefining how employers and talent connect. By applying data-driven consumer marketing best practices, we provide seamless, personalized experiences through our best-in-class smart technology, award winning creative, and trusted strategy and client services solutions. We simplify and streamline the process to find, hire, and engage talent. The result is a unified, seamless experience for recruiters, hiring managers, and candidates. Companies such as Northwell Health, Chili’s and UnitedHealth Group rely on Symphony Talent to power their talent acquisition efforts. For more information, visit: www.symphonytalent.com or follow us on Twitter, @SymphonyTalent_.
Colleen Naugle
Symphony Talent
4844592686
colleen.naugle@symphonytalent.com
SOURCE : Symphony Talent
VISTAJET CONSOLIDATES ITS GLOBAL LEADING POSITION AND GROWS 22% IN 2017
The global aviation company is well placed to seize even larger market share in 2018
Key highlights for full year ending 31 December 2017:
Key highlights for full year ending 31 December 2017:
- Flight revenue up 22%
- EBITDA up 28%
- Particularly strong results in U.S. with flight hours up 39%
NEW YORK, May 2 (Bernama-GLOBE NEWSWIRE) -- VistaJet today, after concluding its annual audit, announced its results for Fiscal Year 2017. The Company, with operations based in Malta, delivered another incredibly strong performance consolidating its leading position globally, with flight revenue rising by 22% driven by the continued popularity of its unique and compelling subscription business model, and the broader trends in the market. It also saw its EBITDA rise by 28% on the back of its scalable infrastructure and technological advantage. The performance is in line with the upward trajectory VistaJet has experienced since it was founded, recording year-on-year organic compounded revenue growth of over 18% between 2008 and 2017.
Due to its global platform, VistaJet’s diverse and broad customer base means that it is largely protected from political or economic uncertainty in any one market, and can benefit from positive economic results in each region. This was further demonstrated in 2017, as VistaJet saw growth in flight hours in all of its core markets, significant outperforming the overall market place. THE U.S. spearheaded this expansion, with +39% growth.
VistaJet continues to be the only business in the sector to offer a complete global portfolio of flight solutions, thanks to its Program, Direct and On Demand services*. This comprehensive product offering allows the company to offer tailored solutions to each and every business jet user, anywhere, anytime, globally.
Thomas Flohr, VistaJet's Founder and Chairman, said:
“2017 has been another record year. Along with taking market share from full and fractional ownership in all the core markets, including the largest market in the world – the U.S., we reinforced our position as the brand of choice for the world’s leading business leaders and entrepreneurs. In the last twelve months, we have flown more Chief Executives and Chairmen to more destinations than we ever have before.
Our strategy, both in terms of geography and services, is working. 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.
We head into 2018 in a fantastic position. Our unique fleet and technology platform ideally places us to lead the market and seize any new opportunities. We are committed to becoming the No.1 player in every market in which we operate, and we are on course to make fast progress towards that goal over the next twelve months.”
Market conditions
The market as a whole has proved resilient over the past decade, recording consistent single-digit growth. This trend continued in 2017, as the global market grew by 5%, aircraft utilization has returned to levels not seen since the recession, and the number of hours is now at its highest level since 2008.
In addition, there are a number of macrotrends supporting VistaJet’s position in the market place. A strong move away from asset ownership is now fully in force on every continent. Furthermore, the competitive global economic landscape demands business jets to be available anywhere at a moment’s notice.
2018 Outlook
VistaJet is ideally placed for further long-term, sustainable growth. VistaJet one of the most technologically integrated companies in business aviation, providing customers with a seamless experience. The Company’s proprietary infrastructure also allows VistaJet to scale the business much further and in the most cost effective way for its clients.
* VistaJet offers a complete portfolio of flight solutions - Program, Direct and On Demand:
Due to its global platform, VistaJet’s diverse and broad customer base means that it is largely protected from political or economic uncertainty in any one market, and can benefit from positive economic results in each region. This was further demonstrated in 2017, as VistaJet saw growth in flight hours in all of its core markets, significant outperforming the overall market place. THE U.S. spearheaded this expansion, with +39% growth.
VistaJet continues to be the only business in the sector to offer a complete global portfolio of flight solutions, thanks to its Program, Direct and On Demand services*. This comprehensive product offering allows the company to offer tailored solutions to each and every business jet user, anywhere, anytime, globally.
Thomas Flohr, VistaJet's Founder and Chairman, said:
“2017 has been another record year. Along with taking market share from full and fractional ownership in all the core markets, including the largest market in the world – the U.S., we reinforced our position as the brand of choice for the world’s leading business leaders and entrepreneurs. In the last twelve months, we have flown more Chief Executives and Chairmen to more destinations than we ever have before.
Our strategy, both in terms of geography and services, is working. 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.
We head into 2018 in a fantastic position. Our unique fleet and technology platform ideally places us to lead the market and seize any new opportunities. We are committed to becoming the No.1 player in every market in which we operate, and we are on course to make fast progress towards that goal over the next twelve months.”
Market conditions
The market as a whole has proved resilient over the past decade, recording consistent single-digit growth. This trend continued in 2017, as the global market grew by 5%, aircraft utilization has returned to levels not seen since the recession, and the number of hours is now at its highest level since 2008.
In addition, there are a number of macrotrends supporting VistaJet’s position in the market place. A strong move away from asset ownership is now fully in force on every continent. Furthermore, the competitive global economic landscape demands business jets to be available anywhere at a moment’s notice.
2018 Outlook
VistaJet is ideally placed for further long-term, sustainable growth. VistaJet one of the most technologically integrated companies in business aviation, providing customers with a seamless experience. The Company’s proprietary infrastructure also allows VistaJet to scale the business much further and in the most cost effective way for its clients.
* VistaJet offers a complete portfolio of flight solutions - Program, Direct and On Demand:
- Program: VistaJet’s Program is the flight-hour subscription plan tailored around each corporation or individual’s flying requirements, offering guaranteed access to the entire fleet, anytime and anywhere in the world.
- Direct: The fastest way to start flying VistaJet. Customers can request a flight directly through the VistaJet app and the 24/7 sales team. Direct also grants access to preferential rates on empty legs and one-way flights, based on aircraft availability.
- On Demand: For discerning travelers who fly occasionally, VistaJet offers ad hoc flights based on availability.
VistaJet Press Contact:
Jennifer Farquhar | M: +44 7834 335505 | jennifer.farquhar@vistajet.com
About VistaJet
VistaJet is the first and only global aviation company. On its fleet of over 70 silver and red business jets, VistaJet has flown corporations, governments and private clients to 187 countries, covering 96% of the world. Founded in 2004 by Thomas Flohr, the company pioneered an innovative business model where customers have access to an entire fleet whilst paying only for the hours they fly, free of the responsibilities and asset risks linked to aircraft ownership. VistaJet’s signature Program membership offers customers a bespoke subscription of flight hours on its fleet of mid and long-range jets, to fly them anytime, anywhere. Customers can also request Direct one-off flights through the industry’s first end-to-end booking app or a 24/7 global team.
More VistaJet information and news at vistajet.com
A photo accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/a1294a76-d325-481b-af56-a2a69fb795cf
SOURCE : VistaJet Ltd
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