Discover Our Town

Press Release

Stratos Jet Charters, Inc. Announces “Strong” Financial Ranking

In a voluntary D & B audit, Stratos Jets proves strong financial health and stability.

Orlando, Florida; December 8, 2009: In today’s tough financial climate, it can be a challenge finding a stable company that can be trusted to do business with.

This week, Stratos Jet Charters, Inc., a private charter agent company, announced their new “strong” financial rating, achieved through a voluntary financial audit, conducted by financial experts at Dun & Bradstreet. Dun & Bradstreet (D & B) is the world’s leading source of commercial information and insight for businesses, and their database includes more than 140 million business records worldwide.

Overall, D & B experts determined Stratos Jets’ financial health and stability to be “strong,” indicating that the company is not likely to fail anytime soon and continuously pays its bills on time. To achieve this rating, the audit required Stratos Jets agents to supply D &B agents with contact information for multiple vendors they worked with in the past, so that the auditors could further investigate Stratos Jets’ financial history and determine payment timeliness and predictive risk factors. 

From the data generated, D & B agents were able to gauge Stratos Jets’ “D & B Paydex Score,” – a unique dollar-weighted numerical indicator of how a firm paid its bills over the past year – at a score of 80 of a possible 100, indicating that the company pays their bills “promptly” and within terms and it is above the industry median average of 78.

In addition, D & B experts measured Stratos Jets’ commercial credit score, a predictor of severe payment delinquency, or the likelihood that a company will pay its bills in a severely delinquent manner (90 days or more past terms), and placed Stratos Jets at the lowest possible score of 1 out of 5, lower than the average amount of businesses in D & B’s extensive database.

Joel Thomas, President of Stratos Jets, said that it was important for all companies to provide their clients with a sense of security and confidence that they are doing their business with the right people. Thomas said that he feels it his moral obligation to provide clients with tangible proof, such as a financial self-audit.

“We want our clients and vendors to know that they can trust our strong financial stability,” Mr. Thomas said. “We don’t expect them to just take our word for it either – that’s what’s this audit is for.” 

To learn more about Stratos Jets’ recent D & B financial audit and other ways the company is raising the bar in the corporate aviation world, visit their regularly updated Stratos Jets blog