MIAMI, Aug. 27, 2012 (GLOBE NEWSWIRE) -- Inc. magazine today ranked Apogee Jets on its sixth annual Inc. 5000 list, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America's independent entrepreneurs. Among 5000 private companies, Apogee Jets ranked 1053, and joins Yelp and yogurt maker Chobani among other prominent brands featured on this year's list.
Apogee Jets, a boutique private jet provider, retained its place on the list by maintaining revenue growth despite the domestic economic downturn and a stagnant global economy.
In its ranking, Inc. reports Apogee Jets had a three year growth rate of 300% and 2011 revenue of $3.6 million.
Apogee Jets, headquartered in Miami, FL and with an office in NYC, ranked 33rd locally and 22nd overall among U.S.-based logistics and transportation companies.
"Apogee Jets is honored to be included on the exclusive list," said Kevin Parrott, Apogee Jets founder and CEO. "In today's stagnant economy, we are most proud of our triple-digit growth despite rising fuel prices and unfavorable global economic conditions. The success of Apogee Jets underscores the increasing role of private aviation in the global air transportation systems. With the clear impediment of today's clogged commercial aviation airspace and the nuisances for travelers at commercial airports worldwide, Apogee Jets realizes bespoke walk-up aviation is the future for executive, family and leisure travel."
Apogee Jets' newest platform, Vacant Vectors (www.vacantvectors.com), is a dedicated multi-lingual site providing up to date discounted one-way or point to point flights commonly referred to as Empty Legs. "This platform, which is also digital via a mobile app for iPhone users, will further our overall private aviation success in the global markets," said Parrott. Charter clients can take full advantage of Empty Leg flights that are up to 50 percent less than a typical round trip charter.
"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is," says Inc. Editor Eric Schurenberg.
Ranking Methodology
The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies. The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million.
To see a complete breakdown of Apogee Jets on the Inc. 5000, go to www.inc.com/inc5000/profile/apogee-jets
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.
About Apogee Jets
Since inception, Apogee Jets has been poised and will remain a luxury boutique style provider of private aircraft with limited client base. We focus principally on the recording industry, concentrating on live music tours worldwide. Apogee Jets understands and accommodates tour travel budgets providing maximum financial vitality for concert organizers and management booking companies. As well we provide artist and corporate record label flight support. Our pointed model and bespoke offering allows Apogee Jets recording industry clients principle and substitute aircraft providing lift for artist as well as cargo support.
For more information about Apogee Jets, visit: www.apogeejets.com
The Apogee Jets logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=14299