Executive charter operator VistaJet has ordered six more Bombardier aircraft for its planned expansion into markets in West Africa, the Middle East and Russia. The deal announced in Farnborough includes four Global Express XRS and two Challenger 605 jets that are due for delivery in 2011 and 2012. The additional aircraft will expand VistaJet’s fleet to more than 30 airplanes.
In response to the growing demand for business aircraft in Africa, charter operator VistaJet has launched a regional operation on the West African coast, based out of Lagos, Nigeria. The Switzerland-based company has partnered with Kola Aluko, a West Africa-based businessman and VistaJet client.
European charter operator VistaJet reports that revenues grew by 20 percent last year and that the company has expanded its fleet of Bombardier jets to 26 from 19 and will take delivery of a total of five jets this year. “There was a huge sea-change as of about mid-February,” said VistaJet founder and chairman Thomas Flohr, “after January had been slightly up.
In response to the growing demand for business aircraft in Africa, charter operator VistaJet has launched a regional operation on the West African coast, based out of Lagos, Nigeria. The Switzerland-based company has partnered with Kola Aluko, a West Africa-based businessman and longtime VistaJet client.
Executive charter group VistaJet is joining forces with fractional provider Bombardier Flexjet to provide seamless access to each company’s respective service area. VistaJet’s fleet of Bombardier Learjets, Challengers and Global Expresses operates largely in Europe, the Middle East and Asia.
The business aircraft charter market is down by at least 15 percent this year, but VistaJet (Stand E540) expects to achieve 20-percent growth for 2009, and it wants to establish a more permanent presence here in the Middle East through a local partner that would help it to connect with prospective charter clients. It is investigating options to expand into markets such as Saudi Arabia and Egypt.
VistaJet is slowing the implementation of its ambitious growth plans in the charter market but insists that its ambition to solidify its position as the number two service provider outside North America still stands. This year the company will take delivery of less than half of the 12 to 14 new aircraft it had been due to take, and it has adjusted its target of having a 100-strong fleet of jets by 2012 operating some 80,000 flight hours.
Bird Air Services of India has signed an exclusive marketing agreement with Swiss company VistaJet Holding to market VistaJet in the Indian subcontinent (India, Bangladesh, Bhutan, Maldives, Mauritius, Nepal, Pakistan and Sri Lanka). Bird Air Services is a subsidiary of Bird Group, a fast-growing Indian travel conglomerate.
Fast-growing executive charter group VistaJet yesterday spelled out details of its new Flight Solutions portfolio. The Swiss-based group says that by operating closer to an airline business model it can radically change the economics of private aviation to make it a more viable option to a wider customer base.
VistaJet (Stand No. 524) has embarked on an ambitious growth plan that could see it operating a fleet of almost 100 business jets by 2012. The Zurich, Switzerland-based group recently has completed the acquisition of Bombardier’s Skyjet International block charter program and is now running this in tandem with its new Flight Solutions leaseback program for aircraft owners.