PrivateFly.com, an online network for private jet charter, is planning to expand its operations, following successful investment fundraising of ?2 million.
The company says the funds will be used to deliver a planned rollout to new international markets, significant usability upgrades and enhanced real-time integration of pricing and availability with other industry software suppliers.
PrivateFly’s chairman, Richard Carrick, commented: “The successful fundraising demonstrates investor confidence in the private aviation industry, particularly the charter segment. The recession has been a catalyst for change in our industry, creating a clear demand from customers for more immediacy and price transparency. PrivateFly.com has used this to its advantage, delivering significant enhancements in response speed, price and ease of booking within the charter segment”.