EBACE Convention News

Victor Proves Digital Charter Booking is on the Rise

 - May 24, 2017, 6:50 AM

Charter marketplace Victor ranked 113th on the FT1000, a new Financial Times poll of Europe’s growing aviation businesses. According to the company, this ranking reflects travelers' requirements for “on-demand charter” as Victor’s revenue has increased 945 percent over a four-year period. Victor was also named number 15 in the 2016 Sunday Times Heathrow Export Track 100, number 20 in the 2016 Sunday Times Hiscox Tech Track 100, and it won the internet category at the Deloitte U.K. Tech Fast 50 Awards.

A commitment to transparency, tech and world class customer support continues to drive Victor’s major growth and disruption of the private jet industry,” said Victor CEO and founder Clive Jackson. “Flyers are switching from jet ownership to on-demand, pay-as-you-go charter in the current economic climate because it allows them to fly more flexibly and efficiently. Fresh from hitting our 2016 targets, we’ve enjoyed a great start to 2017 and look forward to evolving and enhancing the Victor marketplace again over the coming months.”

By 2016, Victor’s average booking value had increased by 79 percent since its launch in 2011. The company recently opened a U.S. headquarters in New York to accommodate a team of 25 sourcing, flight management and customer service personnel. Last year, Victor reached its sales revenue forecast of $39 million to $41 million.

The company’s data shows that bookings for long-range aircraft such as the Gulfstream IV, Bombardier Global 6000 and Embraer Legacy 600 have increased 98 percent year-on-year. The Gulfstream IV is the top aircraft booked in the U.S. and the Citation Mustang was Victor’s most popular charter request over the past 12 months. Victor also revealed that 82 percent of route pairings in 2016 were unique, which means that flyers are not duplicating their trips but targeting different locations.