Stratajet lands place on FT1000

posted on 30th April 2018 by Omar

Stratajet, the world’s most sophisticated private jet booking platform, has landed a place in the FT1000.

Published in today’s Financial Times, the acclaimed list honours the fastest growth companies across Europe.

Stratajet, the only platform that offer fliers direct access to the private jet marketplace, has soared into the list at no.22 in Europe, boasting growth of 3,634% over three years. The news follows the announcement by Stratajet that it secured a top five spot in the Deloitte UK Technology Fast 50.

Founder and CEO Jonny Nicol attributes the success to the company’s unique, cutting-edge technology, which has streamlined the private jet booking process. Nicol and his team have developed a complex algorithm that can calculate accurate prices of private jet flights instantly, enabling fliers to book aircraft without the need for a broker.

Transitioning the traditional means of chartering a jet into the 21st Century has brought with it sweeping changes across the market. The immediacy of the technology has paved the way for a wider audience of fliers to benefit from easier access to this old-fashioned industry. Indeed private aviation is experiencing its most resurgent period since the recession, data from WINGX, the business aviation intelligence company, showing that 2017 was a record one for flights, with the industry up 3.9% on the previous year.

Nicol said, “There are some incredibly impressive companies that have made this prestigious list, so to count Stratajet amongst these success stories is testament to the team’s hard work. We are in a unique position of being able to offer the industry something that no other provider can, and it is the scope of more and more travellers gaining access to this means of travel for the first time that has driven our growth. We are continuing to grow the platform by bringing additional aircraft on to the system, to increase the affordability of flights that we can offer our customers, and we therefore face exciting times, particularly the prospect of being able to bring private jets into the mainstream.”

The FT 1000 lists the companies headquartered in 31 European countries that have achieved the highest compound annual growth rate in revenue between 2013 and 2016. Criteria for inclusion included generation of revenue of at least €100,000 in 2013 and of at least €1.5 million in 2016.