14 years ago

PrivateFly Secures £2 Million to Expand Private Jet Charter Services

  • PrivateFly, a British private jet charter aggregator, has raised £2 million from eight private investors

  • The company plans to use the funds for expansion into new international markets and to enhance its platforms, including mobile apps

  • PrivateFly was founded in 2008 by Adam Twidell and Carol Cork, who sold their house for initial seed funding

  • The company's chairman, Richard Carrick, believes that the recession has created a demand for more price transparency and immediacy in the private aviation industry, which PrivateFly has capitalized on

  • The company's CEO, Adam Twidell, believes that the traditional broker model is being threatened by new business models, and that PrivateFly is well-positioned to capitalize on this opportunity.

      • ProblemTransportation

      "traditional private aviation industry struggled with poor pricing transparency and immediacy, and the global financial crisis accelerated these trends"

      Solution

      "PrivateFly aggregates private jet charter, providing users with real-time pricing and availability, and a more efficient way to book private jets"

      Covered on