PRIVATEFLY IS ONE OF EUROPE’S FASTEST-GROWING COMPANIES, IN THE FT’S NEW LEAGUE TABLE

PrivateFly is one of Europe’s fastest-growing businesses, according to a new league table compiled by the Financial Times and Statista.

The private charter booking platform was positioned 265th in the FT1000, based on its revenue growth of 467% between 2012 and 2015. The new league table, published in full in the Financial Times today (April 24th), will be produced annually and ranks independent companies in 24 European countries, across all industries. Annual revenues of the 1000 companies featured ranged between €1.5 million and €3 billion EUR.

34 companies from the travel and transport sectors appear in the list, of which 18 are based in the UK. A total of 235 UK-based companies feature overall.

Adam Twidell, CEO and co-founder of PrivateFly comments:

“I am thrilled that PrivateFly has made the inaugural FT1000. This is a welcome validation of the hard work of our whole team, to generate the fantastic growth we've achieved over the past few years.

“It also demonstrates how companies like PrivateFly are bucking the trend and growing market share, in what was a flat period of demand overall for business aviation. Today's private jet customer is well and truly converted to the benefits of using an online booking platform – faster response times, more transparency and better pricing.

“Our growth is continuing on the same trajectory, both in Europe and in the USA, which now accounts for almost half of our sales. And we’ve achieved this while remaining profitable – uniquely among tech-driven business models in our sector. With the European market bouncing back in the first quarter of 2017, we’re on track to deliver record sales in a busy summer ahead.”

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Notes to editors:

The FT special report, FT1000: Europe’s fastest growing companies, is available on Monday April 24th in the Financial Times. The FT1000 league table can also be accessed on the Financial Times website.