Austrian air taxi outfit GlobeAir has disclosed its fiscal earnings for 2015 and unveiled its plans for the next 12 months.

While the European private jet sector contracted in 2015 according to the EBAA, demand for GlobeAir's fleet of Mustangs has accelerated, with an overall sales increase of 20 per cent year-on-year and a peak of requests in July, resulting in a record €2.3m income for that month.

Small cabin aircraft have grown in popularity as clients take a downsizing approach, a trend that is adding to the Austrian operator's success.

“We're pleased with our results for last year,” remarks CEO Bernhard Fragner. “With commitment, financial discipline and strong execution, we closed the fiscal year with €17.5m net sales, although the most relevant indicator of our positive performance is the noticeable growth of the operating income.”

With more than 6,000 revenue flights operated in 2015, GlobeAir has recently completed the acquisition of two more Mustangs and plans to grow its fleet to 20 jets by the end of 2016.

“We are making strong progress in our ambition to deliver a smarter and faster way to travel in Europe,” Fragner explains.

“Since our foundation in 2008 we have noticed a substantial change in the traveller's approach. Passengers are very aware of the alternatives available in the market and they want to pay fair rates. As interest in affordable air charter increases, our mission is to become the reference point for the short-haul flight on-demand.”