SATSair Reports Record Year for 2008
March 17, 2009
GREENVILLE, SC – March 17, 2009 – SATSair, the leading provider of on-demand air cab services, has announced record revenues and outstanding financial performance for 2008 along with new milestones reached in consecutive hours of operation – all despite adverse global economic conditions.
SATSair ended the year with over eleven (11) million revenue passenger miles flown since the company’s inception in November 2004, flying more than 14,000 flights and landing at over 500 airports in 24 states during 2008, noted Steve Hanvey, SATSair President and CEO. We’re extremely pleased with the strong 2008 numbers and the expanded presence in the Southeastern growth corridor that they represent, said Hanvey. 2008 was a landmark year for our business concept from a financial perspective, and signals a growing acceptance of this innovative approach to business and personal air travel.
Among 2008 performance metrics, Hanvey noted that SATSair enjoyed multiple record revenue days in second quarter 2008, and that SATSair flights continued to enjoy double-digit increases during the first 9 months of 2008 compared to 2007. Even as fourth quarter growth flattened in response to the global economic doldrums, SATSair maintained flight levels during the quarter at a pace equal to 2007.
Cancellation of airline operations into regional hubs and reduced use of personally-owned aircraft contributed to increased use of SATSair’s personal on-demand service by air travelers in 2008, noted Phil Quist, Vice President of Business Systems for SATSair. We’ve seen a growing number of new customers using our point-to-point air cab operation as a solution to their frustration with hub-and-spoke airlines, enjoying decreased door-to-door travel times. This is particularly significant in that air cab service has been seen more as a remedy for multi-hour driving trips, not as a replacement for other forms of air travel.
While record revenues, flights and passenger miles are key indicators of the company’s growing success, Hanvey noted the SATSair record of over 55,000 safely flown hours of operations.
At the end of the day, SATSair is all about helping customers get where they need to be quickly, efficiently and safely, said Hanvey. Our impeccable safety record is a point of pride for the entire organization, and an area that our team focuses on every minute of every day.
For more information, visit SATSair online at www.satsair.com.
