Post published:24/07/2018
Post category:Latest Member News
Reading time:3 mins read

In the ten years since it launched, PrivateFly has grown from a small self-funded startup, to a well-known name in private aviation – proving the business case for the online booking platform along the way. And the company’s significant self-generated growth has now been recognised by Crunchbase, the global business database that analyses both public and private companies.

With investment funding of just £2 million raised in 2011 versus revenues of over £22 million in 2017 (and with continued growth since), PrivateFly was placed second on Crunchbase’s list of ‘50 Successful Companies with Minimal Funding’, published on July 19. In the top spot was YouTube which raised funding of $11.5 million and now has revenues of $7.5 billion. After PrivateFly in the second spot, crowdSPRING was placed third and TripAdvisor fourth.

PrivateFly, which operates from St Albans in the UK, and Fort Lauderdale in the US, has also seen its sales growth and profitability recognised in the past two years by the Sunday Times Tech Track 100, Export Track 100 and the FT1000.

Crunchbase wrote: “It seems like every startup needs big funding to see big revenue. However, we’ve found that’s not always the case. We used Crunchbase Pro to debunk this myth and dug up 50 of the most successful companies that have built themselves on minimal funding.”

Adam Twidell, CEO and co-founder of PrivateFly comments: “This is fantastic recognition of our business strategy over the past ten years, and I’m very happy to be a company in our sector making headlines for successful use of investment, rather than how much we have raised.

“It’s very flattering to be listed alongside such household names as YouTube and TripAdvisor. In addition to self-generated growth, what PrivateFly has in common with them is challenging the status quo – something that continues to define us as a business.”

See the full list on Crunchbase: 50 Successful Companies with Minimal Funding

-Ends-

Notes to editors

About PrivateFly:

PrivateFly is a global booking platform for private jet charter, making it faster, easier and more cost-effective to compare and book private jets. With over 7000 aircraft integrated worldwide, PrivateFly combines innovative technology with its team of aviation experts, available 24/7.

PrivateFly holds both Argus Certified Broker and Wyvern Broker status, industry best practice accreditations. The company’s fast growth has been recognised by a number of award programs including the FT1000, The Sunday Times Tech Track 100 and SME Export Track 100.

For further information, images or an interview please contact:

Viv Diprose, PrivateFly

T: +44 (0)7931 624864

E: viv@privatefly.com

Katrina Suppiah, Publicité Ltd

T: +44 (0)20 8543 6582

E: k.suppiah@publicite.co.uk

—

Viv Diprose
PrivateFly

Tel (Europe): +44 20 7100 6960
Tel (USA): 866-726-1222

Mobile: +44 7931 624 864

www.privatefly.com

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Paul Cremer

My name is Paul Cremer, and this marks my 42nd year working within the business and general aviation industry. Over this time, I’ve had the privilege of overseeing a diverse array of sector activities, ranging from aircraft charter and management to air ambulance services, ground operations, air traffic control, airport management, technology implementation, and the outsourcing services I currently manage.

In my role focused on delivering advisory, technology, and outsourcing services to aviation customers, I handle a wide spectrum of responsibilities. This includes overseeing International Trip Support, Operations Control Centre Services (OCC), Continuing Airworthiness Management Service (CAMO), Airworthiness Reviews, ARC Services, Aircraft Delivery and Re-delivery Support Services, Maintenance Coordination Services including AOG, Tech Ops (Maintenance Control Centre), and managing myairops software products. As the Head of Aviation Delivery, I lead the customer-facing delivery of Technology & Outsourcing products and services for the market, drawing upon a wealth of knowledge, expertise, and industry connections within Gama Aviation’s Technology and Outsourcing Strategic Business Unit.

My journey into Business and General Aviation began during my teenage years while still in school. I was fortunate enough to be welcomed into the industry, starting at a flying club, and later working at the Air Traffic Services Unit at Blackbushe Airport. There, I maintained the ATC Movement Logs in the Control Tower during weekends, solidifying my passion for aviation. Upon completing my schooling, I seized opportunities at Fairoaks Airport, where I began as Ground Crew while pursuing my Aerodrome Flight Information Service Officer’s license. Advancements in my career led me to the role of Air Traffic Services Manager.

Since joining Gama Aviation in 1996, I’ve held various positions, including Operations Manager (Post Holder), Operations & Commercial Manager, Commercial Manager, Operations Delivery Manager, Head of Business Aviation Delivery, and currently, Head of Aviation Delivery. This role encompasses Gama Aviation Group’s Gama Aviation, myairops, and FlyerTech companies.

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Marc Bailey has spent his entire career in aviation and has worked in most areas of Aviation Services with scheduled airlines, MRO’s, military contract support and latterly with associations, government, and its agencies.

Marc represents your position in Europe (even post Brexit) – as President of ECOGAS (European Council of General Aviation Support) which maintains a voice with EASA. All the major member states are represented on the ECOGAS board. With EASA restructuring its meetings with industry, ECOGAS is now well positioned to represent our position in all areas following industry partnerships with the European Independent Maintenance Group and with ARPAS the new drone and autonomous association.

Marc is chair of the UKASF (United Kingdom Airworthiness Strategic Forum) as part of an initiative to develop Aviation Services across all aviation activities. The UKASF pulls together airlines, MROs, Rotary, Drones, and commercial GA bodies to work with CAA and DfT. The objective is for industry to take the lead to drive strategic issues to benefit all parties. We are well positioned after four years to continue our good work and with the re-established role of Chief Surveyor in the CAA we have a good focal point to do this.

Marc chairs the CAA Finance and Services Forum which allows industry in the UK to discuss in the financial plans for the CAA and the value for money delivered by those funds paid by industry. This is a new and valuable new platform for all parties.

Under recent developments Marc has formed an alliance with, ARPAS, AOPA, BHA and BBGA so that we can strengthen our voice under a joint ‘GA 4 Biz’ banner. This alliance is working to do everything possible to represent the industry’s business interests with UK government and to help realise the Government’s desire to make UK General Aviation a Global Leader in a post Brexit environment. GA4Biz – GA4Biz

The next Generation initiatives with industry and government have continued to develop with the retention platform now evolving into the “Aviation Skills Recruitment Platform”. The platform now not only offers a vehicle for those offering and seeking posts in aviation, it also provides pathways with its TalentView portion seeking to provide pathways for new entrants into our sector. The recruitment platform is being further developed to include training opportunities across a wide range of providers, from government agencies through academic bodies. Getting our next generation activities right in the UK over the next couple of years is our single most important issue which we in aviation must grab with both hands. Marc is playing a central role to help develop many of these channels.

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