SEO Title
Online Charter Portal PrivateFly Plans U.S. Expansion
Subtitle
Company plans to raise up to $9 million in growth capital early this year for U.S. expansion, marketing and technology developments.
Subject Area
Business Aviation
Channel
Charter & Fractional
Teaser Text
Company plans to raise up to $9 million in growth capital early this year for U.S. expansion, marketing and technology developments.
Content Body

UK-based online air charter portal PrivateFly plans to raise up to $9 million in growth capital early this year for U.S. expansion, marketing and technology developments. First-round investment of approximately $3 million in November 2011 allowed the company to expand its team, launch multiple language platforms across European markets and develop its technology. Since then, PrivateFly has grown by more than 80 percent annually and projects it generated nearly $16.7 million in revenue last year.


"This is the right time for a significant step up for PrivateFly," said PrivateFly chairman Richard Carrick. "We are considering acquisitions and organic growth by capitalizing the business, which will allow us to scale up our disruptive expansion. Since we launched in 2008, the industry has decisively moved online, and PrivateFly will continue to lead the technology race in the growing global private jet marketplace."

Expert Opinion
False
Ads Enabled
True
Writer(s) - Credited
Chad Trautvetter
Content Label
Charter & Fractional
Publication Date (intermediate)
AIN Publication Date
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