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High flying operation that speedily found itself in a rich little niche

A film director was able to tour locations around Europe, while an Eastern European house-hunting entrepreneur flew over Switzerland in a helicopter, identified his new home from the air, inspected it on the ground and finalised the deal by email on the way home.

"Our service has the huge advantage of speed for anyone in a hurry," Grabar says. He estimates 60pc of business comes through word of mouth. The company is growing fast, with predicted turnover of £4m this year. He and Angelli are aiming for a turnover of £20m before a stock market flotation.

Offices in Moscow and Dubai are on the agenda. "Private aviation is growing hugely in Russia, but the challenge is to find the right customers - not the new rich people, who are difficult to handle."

There are also plans to change the business model. "We want to move from one-off charters into aircraft brokerage. Some suppliers are asking us to partner them to buy the latest aircraft."

Factfile

Name: Avolus Founders Alexis Grabar and Justine Angelli
Founded: 2005
Start-up funds: £50,000
Staff: 10
Turnover: £4m (forecast)
Website: www.avolus.com Copyright: Telegraph Media Group Ltd


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