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Vistajet Launches New Digital Platforms as Growth Accelerates in China

27.7.2017 14:36 | NASDAQ OMX

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VistaJet grows team and launches Chinese website owing to passenger demand

VistaJet
Release Photo
VistaJet Challenger 850 
VistaJet Ltd


For the six months to 30th June 2017:

  • Program Membership sales increase globally by a record 57% as customer retention hits 91% across all regions
  • 12% year-on-year increase on passenger departures from China
  • 100% customer renewal rate in Greater China in the first half of 2017
  • VistaJet Chinese website launched at www.vistajet.cn

HONG KONG, July 27, 2017 (GLOBE NEWSWIRE) -- VistaJet continues to build on its China growth and demonstrates a commitment to the region by expanding its team and launching a Chinese language website. This follows a surge of interest from the April launch of a bespoke WeChat booking platform.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/ad9eb7bd-25fd-42a3-a217-8ca72c35e18e

VistaJet's USD2.5 billion global infrastructure demonstrates the company's commitment to providing the ultimate business aviation solution for corporate leaders, governments and UHNWIs. Additionally, expansion plans in China are being geared to creating a seamless flying experience for the increasingly tech savvy Chinese customer.

The company launched its WeChat booking service in April 2017, allowing customers to access VistaJet's fleet of over 70 fully-owned and identically branded aircraft worldwide, connect with a 24/7 global team to book their flights from their mobile phones and ensure that customers receive first-hand information, directly from the business - and without delay.

This is an exciting new period of customer growth for the business. VistaJet's Program Membership sales continued to accelerate with a 57% year-on-year growth worldwide, while global customer retention reached 91%. China is one of the fastest growing markets for the company, with a first half 12% increase in passenger traffic departing from the country, and a 14% gain in passengers arriving. VistaJet has also sold over 6,000 new hours of annual subscriptions globally during the first half of 2017 alone.

The company's renewal hours more than tripled in the first half of the year, and the number of new Program customers rose by 61% compared to the same period a year ago. With its unique business model offering customers access to its full fleet without the asset risk, the Asia team secured a 100% customer renewal rate in Greater China.

Leona Qi, President of VistaJet Asia said: "This is undoubtedly a good moment to build the demand we are experiencing from around the world. Like all our patrons, the Chinese customer demands a perfect, bespoke flying experience and one that begins long before that first booking is made. This is the value that VistaJet offers all of its customers, and our focus is to provide them with the best possible service.

"As a truly global aviation company, being global means understanding and catering for the unique cultural tastes and needs of each country. The launch of our WeChat booking system and a dedicated Chinese language website demonstrates our absolute commitment to create an unrivalled and tailored travel experience," Qi adds.

* Statements in this release are based solely upon information available as of the date of this release, are not a comprehensive statement of the Company's financial results or positions as of or for the 2017 fiscal year, and have not been audited, reviewed, or compiled by an independent registered accounting firm. Therefore the financial information in this release is preliminary, unaudited and subject to revision upon completion of the Company's closing and audit processes. The company assumes no obligation to update any information contained herein, save for any information required to be disclosed by law.

Learn more about VistaJet China at www.vistajet.cn

About VistaJet 

VistaJet is the first and only global aviation company. On its fleet of silver and red business jets, VistaJet has flown corporations, governments and private clients to 187 countries worldwide. Founded in 2004 by Mr. Thomas Flohr, the company pioneered an innovative business model where customers pay only for the hours they fly, free of the responsibilities and asset risks linked to aircraft ownership. VistaJet's signature Program service offers customers a bespoke subscription of flight hours on its fleet of super-mid and long range jets, to fly them anywhere and at any time.

VistaJet China is the trading name of VJCN (Beijing) Aviation Consulting Co., Ltd. VistaJet China is not a direct or indirect aircraft operator. China registered aircraft coordinated and arranged by VistaJet China are formally registered with the Chinese Civil Aviation Authority, and operated by duly licensed Chinese air carriers.

More VistaJet International information and news at vistajet.com.

Information

Amy Yang
VistaJet International
T: +852 2901 0502
M: +852 9080 3985
amy.yang@vistajet.com

Jane Mok
Artemis Associates
T:  +852 2861 3274
M: +852 9676 9366
jane.mok@artemisassociates.com




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: VistaJet Ltd via Globenewswire

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