VistaJet is expanding its 35-airplane fleet of Bombardier Globals and Challengers, having placed an order today at the Paris Air Show for 20 super-midsize Challenger 350s and options for 20 more. At list price, the order is worth some $1.035 billion if all options are exercised. Deliveries to VistaJet will begin in about 12 months.
VistaJet Holding SA
Ljubljana, Slovenia-based charter and management firm Elit’Avia (Booth 1047) is exhibiting at EBACE for the first time. In addition, one each of the company’s super-midsize Challenger 300s and large-cabin Challenger 605s are on display at Bombardier’s static area.
The European Business Aviation Association has recognized four European companies for their safety achievements, presenting awards here at EBACE 2013. Both Robert Bosch Corporate Aviation and Tyrol Air Ambulance were honored with EBAA’s Platinum Safety of Flight award for completing more than 50 years or 100,000 hours of safe flying, while a gold award for 40 years or 80,000 hours without an accident was bestowed on VistaJet. FAI rent-a-jet received a bronze award for achieving 20 years or 40,000 hours of safe operation.
VistaJet announced yesterday that it is enrolling 50 Bombardier Global 5000s and 6000s with the Platinum engine and APU hourly-cost maintenance program operated by Jet Support Services Inc. (JSSI). Valued at more than $205 million at 2013 list prices, the deal is possibly the largest ever concluded for any hourly-cost maintenance program.
VistaJet’s bullish expansion plans have long turned the heads of more conventional charter sector rivals suspicious of how well-founded its business plan would prove to be in a sector that has struggled to regain profitability since the ravages of the financial crisis.
VistaJet is working hard to get its new Chinese joint venture up and running by the end of 2013. In January, the operator established an office in Hong Kong and it has now staffed this with a sales team. The next step will be to establish a representative office in Beijing with its joint venture partner and it has begun the licensing process to establish a Chinese air operators’ certificate (AOC) and register some of its aircraft in the country.
Bombardier Business Aircraft saw a “remarkable level” of order intake last year, logging net orders for 343 aircraft versus 191 in 2011, the Canadian aircraft manufacturer reported today.
JPMorgan North America Equity Research is forecasting a 5-percent rise in business jet deliveries this year, according to the firm’s latest monthly business jet report. It predicts that 627 business jets (excluding very light jets) will be shipped this year, compared with an estimated 596 jet deliveries last year.
VistaJet is set to embark on a 17-city tour of Africa this month as part of the operator’s “Think Global” sales campaign to expand its block charter offerings to emerging markets. Last month, the Switzerland-based company took one of its Bombardier Global 6000s on a 12-city tour of Asia, the Commonwealth of Independent States and the Middle East, just days after announcing a contract with the Canadian airframer for 56 new Globals and options on 86 more.
Bombardier of Canada arrived at MEBA on the crest of a wave, having just landed the biggest order for business aircraft in the company’s history.