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Delayed · 16:25 UK

Latitude 33 Aviation reports 25% growth in 2016

Latitude 33 Aviation, LLC, a private jet charter, business jet management, and aircraft sales and acquisitions company based at McClellan-Palomar Airport in Southern California, grew by 25% year-over-year in 2016, also its 10th anniversary, the company said.

Owner-pilots Casey Miller and Solomon Short met in 2008. Miller had been running Latitude 33 on his own since 2006; the company was growing so fast he formed a 50:50 partnership with Short in 2011. Within one month, the two pilots landed their first client together. Latitude 33 Aviation has now grown to 35 employees, and manages 30 light, mid-size, and super mid-size jets in 11 cities across five states.

In 2016, Latitude 33 added seven aircraft to its fleet; expanded into mid- and super mid-size categories; received the ARGUS Platinum Rating; completed USD 60m in transactions with 14 aircraft sales/acquisitions; accumulated over 7,300 flight hours; hosted a 10th anniversary client thank-you gala; hired 10 new employees.

Latitude 33 currently manages 30 client-owned business jets, over half of which are operated under FAA Part 135 regulation. The company boasts a 99.96% flight completion rate for 29,200 flights over ten years, and its employees have collectively logged 87,469 flight hours as of Q4 2016.

Published by Financial News