Monthly Archives: April 2018

VistaJet Consolidates Its Global Leading Position and Grows 22% in 2017

The global aviation company is well placed to seize even larger market share in 2018

Key highlights for full year ending 31 December 2017:

  • Flight revenue up 22%
  • EBITDA up 28%
  • Particularly strong results in U.S. with flight hours up 39%

NEW YORK, April 30, 2018 (GLOBE NEWSWIRE) —  VistaJet today, after concluding its annual audit, announced its results for Fiscal Year 2017. The Company, with operations based in Malta, delivered another incredibly strong performance consolidating its leading position globally, with flight revenue rising by 22% driven by the continued popularity of its unique and compelling subscription business model, and the broader trends in the market. It also saw its EBITDA rise by 28% on the back of its scalable infrastructure and technological advantage. The performance is in line with the upward trajectory VistaJet has experienced since it was founded, recording year-on-year organic compounded revenue growth of over 18% between 2008 and 2017.

Due to its global platform, VistaJet’s diverse and broad customer base means that it is largely protected from political or economic uncertainty in any one market, and can benefit from positive economic results in each region. This was further demonstrated in 2017, as VistaJet saw growth in flight hours in all of its core markets, significant outperforming the overall market place. THE U.S. spearheaded this expansion, with +39% growth.

VistaJet continues to be the only business in the sector to offer a complete global portfolio of flight solutions, thanks to its Program, Direct and On Demand services*. This comprehensive product offering allows the company to offer tailorded solutions to each and every business jet user, anywhere, anytime, globally.

Thomas Flohr, VistaJet’s Founder and Chairman, said:
“2017 has been another record year. Along with taking market share from full and fractional ownership in all the core markets, including the largest market in the world – the U.S., we reinforced our position as the brand of choice for the world’s leading business leaders and entrepreneurs. In the last twelve months, we have flown more Chief Executives and Chairmen to more destinations than we ever have before.

Our strategy, both in terms of geography and services, is working. We continue to see sustainable growth across our business, and retain the ability to adapt our offer to meet demand in every region. It’s particularly pleasing to see our entire portfolio of flight solutions reporting growth last year.

We head into 2018 in a fantastic position. Our unique fleet and technology platform ideally places us to lead the market and seize any new opportunities. We are committed to becoming the No.1 player in every market in which we operate, and we are on course to make fast progress towards that goal over the next twelve months.”

Market conditions
The market as a whole has proved resilient over the past decade, recording consistent single-digit growth. This trend continued in 2017, as the global market grew by 5%, aircraft utilization has returned to levels not seen since the recession, and the number of hours is now at its highest level since 2008.

In addition, there are a number of macrotrends supporting VistaJet’s position in the market palce. A strong move away from asset ownership is now fully in force on every continent. Furthermore, the competitive global economic landscape demands business jets to be available anywhere at a moment’s notice.

2018 Outlook
VistaJet is ideally placed for further long-term, sustainable growth. VistaJet one of the most technologically integrated companies in business aviation, providing customers with a seamless experience. The Company’s proprietary infrastructure also allows VistaJet to scale the business much further and in the most cost effective way for its clients.

* VistaJet offers a complete portfolio of flight solutions – Program, Direct and On Demand:

  • Program: VistaJet’s Program is the flight-hour subscription plan tailored around each corporation or individual’s flying requirements, offering guaranteed access to the entire fleet, anytime and anywhere in the world.
  • Direct: The fastest way to start flying VistaJet. Customers can request a flight directly through the VistaJet app and the 24/7 sales team. Direct also grants access to preferential rates on empty legs and one-way flights, based on aircraft availability.
  • On Demand: For discerning travelers who fly occasionally, VistaJet offers ad hoc flights based on availability.

VistaJet Press Contact:
Jennifer Farquhar | M: +44 7834 335505 | jennifer.farquhar@vistajet.com

About VistaJet
VistaJet is the first and only global aviation company. On its fleet of over 70 silver and red business jets, VistaJet has flown corporations, governments and private clients to 187 countries, covering 96% of the world. Founded in 2004 by Thomas Flohr, the company pioneered an innovative business model where customers have access to an entire fleet whilst paying only for the hours they fly, free of the responsibilities and asset risks linked to aircraft ownership. VistaJet’s signature Program membership offers customers a bespoke subscription of flight hours on its fleet of mid and long-range jets, to fly them anytime, anywhere. Customers can also request Direct one-off flights through the industry’s first end-to-end booking app or a 24/7 global team.

More VistaJet information and news at vistajet.com

A photo accompanying this announcement is available at http://resource.globenewswire.com/Resource/Download/a1294a76-d325-481b-af56-a2a69fb795cf

DealCloud and PitchBook Form Data Partnership, and Announce Integration with DealCloud DataCortex

Integration of PitchBook data into DataCortex will provide DealCloud clients with access to verified private and public capital markets data to augment proprietary data to fuel stronger market coverage.

NEW YORK, April 30, 2018 (GLOBE NEWSWIRE) — DealCloud, a technology leader for CRM and deal management in the private capital markets, and PitchBook, the premier data provider for the private and public equity markets, announce today a strategic partnership to integrate PitchBook data within the DealCloud DataCortex.

With the launch of this partnership, DealCloud clients can now search and query PitchBook’s data sets directly from within the DealCloud platform, including hard-to-find financial data on private and public companies, investors, funds, limited partners and service providers. PitchBook’s data – which is captured by web crawlers, machine learning technology and verified by specialized data teams – is increasingly sought after by the institutional investment community to make informed investment and business decisions.

“To meet the demands of the competitive climate, today’s dealmakers must have powerful and easily accessible data in their toolkit,” says DealCloud Chief Operating Officer Lokesh Seth about the integration. “This partnership with PitchBook will allow private capital markets professionals to have a more centralized location for all of their data and will be the fuel behind more meaningful analytics.”

Over 400 principal investing firms, investment banks, and operating companies rely on DealCloud’s vertical customer relationship management (CRM) technology for storage of proprietary data, deal sourcing, origination and deal management. DealCloud customers can now leverage data from many leading industry providers, including PitchBook, in DealCloud’s business intelligence platform and mobile applications, with custom workflows and notifications for immediate actions.

“In today’s private capital market, with well over $1 trillion in committed capital sitting in the coffers of private equity and venture capital funds worldwide, the ability to gather and make sense of data as quickly and as accurately as possible is table stakes,” said Steve Carver, managing director of strategic initiatives at PitchBook. “Our data, combined with DealCloud’s technologies and tools will allow customers to achieve stronger market coverage and to execute more effectively on their business development initiatives.”

About DealCloud, Inc.

DealCloud is a pioneer in M&A Software. The Company was formed in 2010 by a team of former deal professionals with deep knowledge of the private capital markets. DealCloud is now a global leader in providing deal management, workflow, and technology solutions to all participants in the private capital markets, including private equity and growth capital firms, sell-side banks, publicly traded companies, and debt capital investors. DealCloud is well known for its customer service, takes great pride in the delivery of its configurable SaaS platform, and values the strength of its relationships with clients. The DealCloud team understands the pace of deal execution and is committed to working at the same cadence as its clients to deliver fast and accurate outcomes.

For more information, please visit www.dealcloud.com.

About PitchBook

PitchBook is a financial data and software company that provides transparency into the private and public capital markets to help professionals discover and execute opportunities with confidence and efficiency. PitchBook collects and analyzes detailed data on the entire venture capital, private equity and M&A landscape—including public and private companies, investors, funds, investments, exits and people. The company’s data and analysis are available through the PitchBook Platform, industry news and in-depth reports. Founded in 2007, PitchBook has offices in Seattle, San Francisco, New York and London and serves nearly 15,000 professionals around the world. In 2016, Morningstar acquired PitchBook, which now operates as an independent subsidiary. For more information, please visit www.pitchbook.com.

Contact: Sarah Goldfuss
Email: sgoldfuss@dealcloud.com

DealCloud and PitchBook Form Data Partnership, and Announce Integration with DealCloud DataCortex

Integration of PitchBook data into DataCortex will provide DealCloud clients with access to verified private and public capital markets data to augment proprietary data to fuel stronger market coverage.

NEW YORK, April 30, 2018 (GLOBE NEWSWIRE) — DealCloud, a technology leader for CRM and deal management in the private capital markets, and PitchBook, the premier data provider for the private and public equity markets, announce today a strategic partnership to integrate PitchBook data within the DealCloud DataCortex.

With the launch of this partnership, DealCloud clients can now search and query PitchBook’s data sets directly from within the DealCloud platform, including hard-to-find financial data on private and public companies, investors, funds, limited partners and service providers. PitchBook’s data – which is captured by web crawlers, machine learning technology and verified by specialized data teams – is increasingly sought after by the institutional investment community to make informed investment and business decisions.

“To meet the demands of the competitive climate, today’s dealmakers must have powerful and easily accessible data in their toolkit,” says DealCloud Chief Operating Officer Lokesh Seth about the integration. “This partnership with PitchBook will allow private capital markets professionals to have a more centralized location for all of their data and will be the fuel behind more meaningful analytics.”

Over 400 principal investing firms, investment banks, and operating companies rely on DealCloud’s vertical customer relationship management (CRM) technology for storage of proprietary data, deal sourcing, origination and deal management. DealCloud customers can now leverage data from many leading industry providers, including PitchBook, in DealCloud’s business intelligence platform and mobile applications, with custom workflows and notifications for immediate actions.

“In today’s private capital market, with well over $1 trillion in committed capital sitting in the coffers of private equity and venture capital funds worldwide, the ability to gather and make sense of data as quickly and as accurately as possible is table stakes,” said Steve Carver, managing director of strategic initiatives at PitchBook. “Our data, combined with DealCloud’s technologies and tools will allow customers to achieve stronger market coverage and to execute more effectively on their business development initiatives.”

About DealCloud, Inc.

DealCloud is a pioneer in M&A Software. The Company was formed in 2010 by a team of former deal professionals with deep knowledge of the private capital markets. DealCloud is now a global leader in providing deal management, workflow, and technology solutions to all participants in the private capital markets, including private equity and growth capital firms, sell-side banks, publicly traded companies, and debt capital investors. DealCloud is well known for its customer service, takes great pride in the delivery of its configurable SaaS platform, and values the strength of its relationships with clients. The DealCloud team understands the pace of deal execution and is committed to working at the same cadence as its clients to deliver fast and accurate outcomes.

For more information, please visit www.dealcloud.com.

About PitchBook

PitchBook is a financial data and software company that provides transparency into the private and public capital markets to help professionals discover and execute opportunities with confidence and efficiency. PitchBook collects and analyzes detailed data on the entire venture capital, private equity and M&A landscape—including public and private companies, investors, funds, investments, exits and people. The company’s data and analysis are available through the PitchBook Platform, industry news and in-depth reports. Founded in 2007, PitchBook has offices in Seattle, San Francisco, New York and London and serves nearly 15,000 professionals around the world. In 2016, Morningstar acquired PitchBook, which now operates as an independent subsidiary. For more information, please visit www.pitchbook.com.

Contact: Sarah Goldfuss
Email: sgoldfuss@dealcloud.com

Black & Veatch’s PRICO® Technology to Play Critical Role in FLNG, Enabling BP Field Development Work in Greater Tortue/Ahmeyin

Golar Returns to Black & Veatch and Keppel Shipyard to convert third LNG vessel and develop FLNG in West Africa, expanding global reach

OVERLAND PARK, Kan., April 30, 2018 (GLOBE NEWSWIRE) — Black & Veatch’s patented PRICO® technology and engineering and procurement capabilities are expected to play another major role in floating liquefied natural gas (FLNG) technology, this time for BP’s field development in West Africa. Known for its competitive performance in FLNG developments, Black & Veatch is teaming with Keppel Shipyard Limited (Keppel Shipyard) to convert a liquefied natural gas (LNG) carrier, the Gimi, into a floating liquefaction facility.

This project continues the close partnership between Keppel Shipyard and Golar LNG (Golar). Black & Veatch has grown its relationship with Golar since 2011, going from concept to front-end design to design and delivery of FLNG vessel conversions. In 2014, Golar awarded the EPC contract to Keppel Shipyard and Black & Veatch to convert the Hilli Episeyo, a 125,000 cubic meter LNG carrier, to an FLNGV.

FLNG solutions can be a cost-effective and faster-delivering alternative to traditional onshore facilities, which is particularly crucial in natural gas’ current low-price environment. Successful commissioning of the FLNG Hilli Episeyo offshore Cameroon will also support market confidence in converted FLNG solutions.

“This partnership with Golar and Keppel is a direct reflection of the industry experience, leadership and value that Black & Veatch brings to complex offshore conversion projects. FLNG can help fill the world’s growing demand for energy by offering a faster, more cost-effective solution,” said Bob Germinder, Black & Veatch Senior Vice President and Managing Director of Floating Oil & Gas Solutions.

“Black & Veatch’s PRICO® technology continues to allow us to provide competitive liquefaction solutions to our clients who are looking to develop and monetize their natural gas assets,” said Iain Ross, Golar CEO.

BP holds a majority interest and operatorship in the Greater Tortue/Ahmeyin project development located offshore of Mauritania and Senegal. Proceeding with front end engineering and design (FEED) on the provision of the Gimi FLNG vessel will support Phase 1A of BP’s development plans for the region, which also includes development of a floating production storage and offloading (FPSO) unit. The vessel conversion is contingent on Project FID by BP, expected end 2018.

The work scope for Keppel Shipyard and Black & Veatch to convert the Gimi is similar to that of the Golar Hilli Episeyo. Black & Veatch will provide its licensed PRICO® liquefaction technology and global engineering and procurement capabilities while Keppel Shipyard will provide the marine systems and all of the conversion-related construction services.

Editor’s Notes:

  • The GIMI is a 125,000 cubic meter LNG carrier.
  • The GIMI conversion will be built to relevant marine classification society rules and regulations.
  • Black & Veatch has a record of reliable performance with 25 plants around the world featuring PRICO® technology.
  • PRICO® is an innovative process to liquefy natural gas, making it available for transport via ocean tanker or truck. The process uses a single-mixed refrigerant loop for natural gas liquefaction. The process provides several key advantages, including:
    • A simplified refrigeration system that requires minimal equipment and a compact process that makes it ideal for offshore liquefaction
    • Low capital and operating expenditure
    • Simplified control and maintenance.

About Black & Veatch

Black & Veatch is an employee-owned, global leader in building critical human infrastructure in Energy, Water, Telecommunications and Government Services. Since 1915, we have helped our clients improve the lives of people in over 100 countries through consulting, engineering, construction, operations and program management. Our revenues in 2017 were US$3.4 billion. Follow us on www.bv.com and in social media.

About Keppel Shipyard

Keppel Shipyard is a subsidiary of Keppel Offshore & Marine (Keppel O&M), a wholly-owned company of Keppel Corporation. Keppel Shipyard is the trusted industry name for the repair, conversion and upgrading of a diverse range of vessels, and a global leader in the conversion of Floating Production Storage and Offloading (FPSO), Floating Storage and Offloading (FSO) and Floating Storage and Re-gasification Units (FSRU), as well as the fabrication and installation of turrets and mooring systems, and topside process modules. As a group, Keppel O&M is also a global leader in offshore rig design, construction and repair, and specialized shipbuilding. Its near market, near customer strategy is bolstered by a global network of yards and offices in 15 countries across the Asia Pacific, Gulf of Mexico, Brazil, the Caspian Sea, Middle East and the North Sea regions. Integrating the experience and expertise of its yards worldwide, Keppel O&M aims to be the provider of choice and partner for solutions for the offshore and marine industry. For more information, please visit www.keppelom.com

About Golar LNG

With over 40 years of experience, Golar is a leading independent owner and operator of LNG carriers and FSRUs, and a pioneer developer of FLNG vessels.For more information, please visit www.golarlng.com.

Media Contact Information:

MELINA VISSAT | +1 303-256-4065 P | +1 617-595-8009 M | VissatM@BV.com

24-HOUR MEDIA HOTLINE | +1 866-496-9149

Brazil’s President Cancels Asia Trip Ahead of Legislative Vote

BRASILIA Brazilian President Michel Temer’s press office said on Monday he had canceled a planned visit to four Asian countries because of an important legislative vote this week.

Temer had been expected to visit Singapore, Thailand, Indonesia and Vietnam May 7-14.

The office said he would remain in Brazil to push for the passage of a bill that would free funds for the federal government to pay off debt that Venezuela and Mozambique owe to Brazil’s state development bank BNDES and Credit

Suisse.

Brazil, during the administration of former president Dilma Rousseff, had said it would act as a guarantor for the loans, which financed works carried out by Brazilian firms in Venezuela and Mozambique.

Venezuela owes the vast majority of the nearly 1 billion reais ($286 million) owed to the banks, which must be paid by May 8.

Source: Voice of America

Brazil’s President Cancels Asia Trip Ahead of Legislative Vote

BRASILIA Brazilian President Michel Temer’s press office said on Monday he had canceled a planned visit to four Asian countries because of an important legislative vote this week.

Temer had been expected to visit Singapore, Thailand, Indonesia and Vietnam May 7-14.

The office said he would remain in Brazil to push for the passage of a bill that would free funds for the federal government to pay off debt that Venezuela and Mozambique owe to Brazil’s state development bank BNDES and Credit

Suisse.

Brazil, during the administration of former president Dilma Rousseff, had said it would act as a guarantor for the loans, which financed works carried out by Brazilian firms in Venezuela and Mozambique.

Venezuela owes the vast majority of the nearly 1 billion reais ($286 million) owed to the banks, which must be paid by May 8.

Source: Voice of America

PM’s Singapore visit, attendance of ASEAN Summit is a success: Deputy FM

Deputy Foreign Minister Nguyen Quoc Dung has told the media that Prime Minister Nguyen Xuan Phuc’s visit to Singapore and attendance of the 32nd ASEAN Summit is a success.

Mr. Dung said that following the visit, mutual trust between Vietnam and Singapore will be strengthened. Both sides agreed to forge closer ties in defense-security, particularly cyber security, building an ASEAN of solidarity, resilience, and innovation, and maintaining the group’s central role in regional structure. Both sides shared ASEAN common view on maintaining peace, stability, security, navigation and overflight safety in the East Sea, peacefully settling disputes, fully respecting diplomatic and legal processes without threat of force or use of force, on the basis of international laws, including the 1982 UN Convention on the Law of the Sea. They also voiced their support for the full and effective implementation of the Declaration on the Conduct of Parties in the East Sea and prompt completion of the Code of Conduct of Parties in the East Sea, which should be effective and binding.

Deputy FM Dung said the highlight of the visit was to create a framework for close connectivity between the governments and businesses and between businesses of the two countries. The Business Forum, which was attended by 700 delegates, a record high figure, has shown special interest in the two economies’ connectivity. Both signed more than 20 documents and agreements worth a total of nearly 3 billion USD in essential areas like liquefied gas, agriculture, aviation, urban planning, and tourism-hotel complex.

Source: VOV5