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New York - Brooklyn Orthdoox Businessman Snags #1 Category Ranking In Inc.'s 500 List

Published on: August 19, 2013 11:08 AM
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Inc. Magazine rating of Regal WingsNew York - A Brooklyn entrepreneur who owns five different companies has snagged a coveted spot on Inc. Magazine’s prestigious 500 List, an annual roster of the fastest growing privately held companies in the United States, placing 154th overall and earning the number one spot in the Travel and Hospitality category.

Eli Ostreicher, CEO of Borough Park based Regal Wings, which offers luxury and corporate travel services, prides himself on offering high end customer service and the personal touch to all his clients.  The 29 year old Ostreicher, a Flatbush resident who grew up in London’s Stamford Hill watching the Concorde fly over his home, confessed to a lifelong fascination with airlines and travel.  Yet building a premium travel company was an unusual move for someone who grew up in the heart of London’s insular chasidic community.

“I went to a yeshiva called Toras Chesed in Hitchin,” said Ostreicher.  “We were secluded from the world.  There was nothing there other than a little farm with goats. I was a pretty good learner and scored well on bechinas, but I knew I needed more.  I always had that entrepreneurial spirit in me.”

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Growing up in a house with a computer, a rarity at the time, Ostreicher had always had an affinity for technology.  While his first venture into the business world was in the computer field, it was seven years ago that Ostreicher found his niche in the travel industry.

“I was living in Miami and running a business called Dr. Computer when I had an ‘aha moment’ talking to someone in shul about booking a trip to Asia,” Ostreicher told VIN News.  “I had a contact in the airline industry and I suggested that maybe I could get him a better deal and that was how I got started and booked my first ticket.”

As Ostreicher continued booking tickets, he placed ads in London publications and realized he had discovered an untapped market.

“The niche was business class, first class,” explained Ostreicher.  “They didn’t need me for economy tickets, those they could book online themselves.  But these tickets were expensive tickets and since I knew the ins and outs or airlines, I had ways of getting things cheaper.”

Joining forces with a former yeshiva friend, Shabsi Gross, who ran a travel business in Brooklyn, the two compared notes and spent hours on the phone brainstorming.

“We realized that there was a big demand for personal service, telling people that you care,” said Ostreicher.  “At the time we had no clue about business or payroll or anything like that but we learned it together.”

The two formed Regal Wings in 2006, with Ostreicher serving as CEO and Gross as CFO of the fledgling company, often staying at the office until well into the night.

“There were times we went home very late,” recalled Ostreicher.  “And times that we didn’t go home at all.”

From their tiny office where they sat on opposite sides of the same desk, Ostreicher and Gross marketed their business aggressively, placing ads in local papers advertising their well priced luxury seats.

“There were times when we literally filled every seat in both business and first class on flights to Hong Kong during peak travel seasons,” recalled Ostreicher.

Today the company has offices in both New York and India with over 100 employees staffing phone lines around the clock and a client list that includes high profiles client including Walmart, Rolex and Berkshire Hathaway.

Ostreicher owns four other companies as well, three of which are travel related.  The fourth, Harei At, is an online dating site for Jewish singles.

Ostreicher infuses the personal touch both into his transactions with clients as well as his relationships with his employees, whom he treats as family.

“There is no hierarchy in our office,” explained Ostreicher.  “We keep a spreadsheet with everyone’s birthday and their favorite cake and when someone’s birthday comes, we all stop work for fifteen minutes and take the time to celebrate the event.  I believe in taking the time to let each one of my employees know how much I appreciate them.”
Recently named to the Young Entrepreneur Council, a by invitation only organization whose membership consists of high profile business owners, Ostreicher admits to being more than a little overwhelmed at being recognized by Inc. from among thousands of applicants.
The Inc. 500, over the years, has featured giants including Pandora, 7 Eleven, Toys ‘R’ Us, Zipcar and Zappos.com.”



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Read Comments (25)  —  Post Yours »

1

 Aug 19, 2013 at 11:15 AM Normal Says:

Goodonya !

2

 Aug 19, 2013 at 11:36 AM TheRealJoe123 Says:

Very cool: However the list is almost a year old. Ever year the INC list will IY"H have more Frum business's listed...

3

 Aug 19, 2013 at 11:39 AM Godol-Hador Says:

Beautiful story. Wishing him continued amazing success.
His company should book us all tickets to EY Al kanfei nesharim. Speedily.

4

 Aug 19, 2013 at 11:48 AM FullabullaRebbe Says:

Very neat. Congrats.

5

 Aug 19, 2013 at 12:25 PM haroldk Says:

Mazal Tov

6

 Aug 19, 2013 at 12:32 PM Anonymous Says:

Mazel Tov. Noch Viter.
Heartening to read about a decent orthodox businessman as opposed to a scam artist.

7

 Aug 19, 2013 at 12:35 PM BuckyinWisconsin Says:

Shield your eyes. Frum man working!

8

 Aug 19, 2013 at 12:48 PM ChareidiMan Says:

Awesome story! All you need in life is hard-work ethic and it pays off

9

 Aug 19, 2013 at 12:54 PM DRE53 Says:

Learned in toras, chased and lived in Miami.
He must have experience in various lifestyles. That probably attributed to his success.
Btw I don't like the idea of 2 chasidishe yungerleit partying with girls, albeit employees

10

 Aug 19, 2013 at 01:15 PM ChareidiMan Says:

Reply to #9  
DRE53 Says:

Learned in toras, chased and lived in Miami.
He must have experience in various lifestyles. That probably attributed to his success.
Btw I don't like the idea of 2 chasidishe yungerleit partying with girls, albeit employees

btw, mind your own business and look at yourself, don't worry how another man is conducting his business. Rather concentrate on your manners and not telling someone else what het can do or not do.

The man is NOT partying, he is associating and appreciating his workers. Why would you make such a rude comment?

11

 Aug 19, 2013 at 01:32 PM Anonymous Says:

Reply to #9  
DRE53 Says:

Learned in toras, chased and lived in Miami.
He must have experience in various lifestyles. That probably attributed to his success.
Btw I don't like the idea of 2 chasidishe yungerleit partying with girls, albeit employees

There we go. Was wondering when the first nasty comment would show up. Congratulations to you DRE53. You win.

12

 Aug 19, 2013 at 02:52 PM shalomke Says:

Reply to #9  
DRE53 Says:

Learned in toras, chased and lived in Miami.
He must have experience in various lifestyles. That probably attributed to his success.
Btw I don't like the idea of 2 chasidishe yungerleit partying with girls, albeit employees

who said his employees are girls? and what does chasidishe have to do with it? Non chasidishe men can party with girls?

13

 Aug 19, 2013 at 02:52 PM Wise-Guy Says:

Reply to #9  
DRE53 Says:

Learned in toras, chased and lived in Miami.
He must have experience in various lifestyles. That probably attributed to his success.
Btw I don't like the idea of 2 chasidishe yungerleit partying with girls, albeit employees

Use your imagination! Especially when it comes to giving the benefit of the doubt.

I'm sure these parties are conducted in a Frum manner.
There is nothing wrong with a Frum man eating some cake (with separate seating) and giving a Brochoh (wishing well, i.e. "A Ksiva V'chasima Tovah" and "May Hashem bless you to live and be successful till 120") to a female.

I sincerely doubt there's any alcohol or dancing involved...

Btw, demonstrating appreciation for employees is a wise business practice, not to mention common decency...

14

 Aug 19, 2013 at 03:17 PM Anonymous Says:

He is the son of Yanky Ostreicher from Bolivia.

15

 Aug 19, 2013 at 03:41 PM Anonymous Says:

He must have had a secular education.

16

 Aug 19, 2013 at 04:53 PM Anonymous Says:

Reply to #9  
DRE53 Says:

Learned in toras, chased and lived in Miami.
He must have experience in various lifestyles. That probably attributed to his success.
Btw I don't like the idea of 2 chasidishe yungerleit partying with girls, albeit employees

Well hundreds of us DON'T LIKE YOUR daled amos narrow ghetto view of Yiddishkeit, so go back to your chair by the window and continue to spy on your neighbors!

17

 Aug 19, 2013 at 07:00 PM Anonymous Says:

Reply to #13  
Wise-Guy Says:

Use your imagination! Especially when it comes to giving the benefit of the doubt.

I'm sure these parties are conducted in a Frum manner.
There is nothing wrong with a Frum man eating some cake (with separate seating) and giving a Brochoh (wishing well, i.e. "A Ksiva V'chasima Tovah" and "May Hashem bless you to live and be successful till 120") to a female.

I sincerely doubt there's any alcohol or dancing involved...

Btw, demonstrating appreciation for employees is a wise business practice, not to mention common decency...

while your post tries to respond politely to poster # 9, your extrapolation on his /her nasty comments are off base and out of line.. who ever said anything about alcohol and dancing.

18

 Aug 19, 2013 at 07:59 PM victorg Says:

Any relation to Yosef Ostreicher, captive in Bolivia?

19

 Aug 19, 2013 at 09:00 PM enlightened-yid Says:

The most important part of the article is left out; How much is his net-worth?

20

 Aug 20, 2013 at 05:15 AM hi Says:

Reply to #18  
victorg Says:

Any relation to Yosef Ostreicher, captive in Bolivia?

He is his uncle

21

 Aug 20, 2013 at 06:00 AM Kevin_I_Shtouches Says:

His full name is Moishe Elia, and he is the son of Nechemia Ostreicher of London, England.

22

 Aug 20, 2013 at 07:14 AM Anonymous Says:

Reply to #9  
DRE53 Says:

Learned in toras, chased and lived in Miami.
He must have experience in various lifestyles. That probably attributed to his success.
Btw I don't like the idea of 2 chasidishe yungerleit partying with girls, albeit employees

u r a מוח קטן what dos it have with chasidishe yunggerleit a יצר ה every one have why do u always look on this angel do u know the sating off the office peple r working $ counducking bisnes

23

 Aug 20, 2013 at 07:17 AM Anonymous Says:

Reply to #19  
enlightened-yid Says:

The most important part of the article is left out; How much is his net-worth?

Whats your bisnes he gave bona olem $500000 this year

24

 Aug 20, 2013 at 07:24 AM ispeakthetruth Says:

Reply to #14  
Anonymous Says:

He is the son of Yanky Ostreicher from Bolivia.

he is not. he is from stamford hill. yanky ostreicher is brooklyn based.

25

 Aug 20, 2013 at 08:39 AM Anonymous Says:

Reply to #22  
Anonymous Says:

u r a מוח קטן what dos it have with chasidishe yunggerleit a יצר ה every one have why do u always look on this angel do u know the sating off the office peple r working $ counducking bisnes

What in the world are you talking about? Can't grasp your thought process and your spelling is abominable.Your post is the perfect advertisement for educating hareidim.

26

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