myPlane Company Profile

Background

Founded in early 2021 and headquartered in Helsinki, Finland, myPlane is a pioneering travel technology company that has introduced the world's first online booking engine for commercial passenger charter flights. The company's mission is to modernize the €100 billion commercial air charter market by replacing outdated, manual booking processes with a transparent, efficient, and fully digital platform. By bridging the gap between airlines and B2B travel buyers, myPlane aims to unlock untapped potential in the industry and set new standards for efficiency and transparency.

Key Strategic Focus

myPlane's strategic focus centers on digitalizing the commercial charter flight booking process. The company specializes in providing a centralized platform that streamlines the entire booking journey—from sourcing flights to managing operations. By leveraging cutting-edge technologies, including artificial intelligence, myPlane enhances operational efficiency, reduces administrative workloads, and offers significant time and cost savings for both airlines and travel buyers. The primary markets targeted include group travel specialists, tour operators, corporate travel agents, and cruise operators across Europe, the Middle East, North Africa, and plans for expansion into the Americas and Asia.

Financials and Funding

In 2024, myPlane reported a 300% year-over-year increase in charter flight inquiries, processing over €200 million worth of digital air charter offers and successfully matching more than 6,000 flight requests with airlines. To capitalize on this momentum and support its strategic expansion plans, myPlane launched a new fundraising round aimed at accelerating growth and scaling operations globally.

Technological Platform and Innovation

myPlane's platform is distinguished by its AI-powered features that facilitate the transition from manual to digital booking processes. The AI-assisted management tool enables airlines to convert numerous incoming inquiries into standardized formats, allowing for automatic categorization, structuring, and response to requests. This innovation significantly reduces administrative workload and enhances productivity. For B2B travel buyers, the system standardizes quotes, improving transparency and enabling efficient comparison and confirmation of bookings.

Leadership Team

myPlane was co-founded by Juuso Klemola, an industry veteran with extensive experience in the travel and aviation sectors. As the co-founder, Klemola has been instrumental in steering the company's strategic direction, focusing on digital innovation and global expansion.

Competitor Profile

Market Insights and Dynamics

The commercial air charter market is valued at approximately €100 billion, characterized by a historical reliance on manual booking processes. The industry's shift towards digital solutions is driven by the need for increased efficiency, transparency, and cost reduction. myPlane's innovative platform positions it at the forefront of this transformation, addressing longstanding inefficiencies and meeting the growing demand for streamlined booking solutions.

Competitor Analysis

While myPlane is a pioneer in offering a centralized online booking engine for commercial passenger charter flights, it operates in a competitive landscape with other players aiming to digitalize the charter booking process. Competitors may include traditional charter brokers and emerging tech platforms seeking to modernize the industry. However, myPlane's unique AI-driven approach and rapid adoption by over 130 airlines and 1,200 B2B users provide a significant competitive advantage.

Strategic Collaborations and Partnerships

myPlane has established partnerships with over 130 airlines and more than 1,200 B2B travel buyers, including group travel specialists, tour operators, corporate travel agents, and cruise operators. These collaborations have been pivotal in enhancing the platform's reach and effectiveness, facilitating a seamless connection between supply and demand in the commercial charter market.

Operational Insights

By replacing outdated, manual processes with a streamlined digital system, myPlane has significantly reduced the time and effort required for charter flight bookings. This efficiency enables airlines and travel buyers to respond to booking requests faster, handle more customers, and expand their services. The platform's AI capabilities further enhance operational productivity by automating the categorization and response to inquiries.

Strategic Opportunities and Future Directions

Looking ahead, myPlane plans to scale its operations globally, with a focus on expanding into the Americas, Asia, and the rest of Europe. The company aims to become the leading platform for charter flights, offering the most modern tool for commercial airlines and charter airlines to sell both ad-hoc and seasonal series charter flights. For travel buyers, myPlane seeks to provide a seamless way to source and book charter flights directly from a wide range of airlines, further revolutionizing the charter flight distribution landscape.