VistaJet Holding SA

VistaJet Holding SA

May 20, 2008 07:33 ET

$1.2 Billion Aircraft Deal And Acquisition of Bombardier SkyJet International Catapults VistaJet Into Leading Position in Business Jet Aviation

- Firm order for 11 Challenger 605, 13 Learjet 60 XR and 11 Learjet 85 business jets - Options for an additional 25 aircraft - VistaJet to acquire Bombardier Skyjet International - Order makes VistaJet world's 2nd largest business jet company outside of North America

GENEVA, SWITZERLAND--(Marketwire - May 20, 2008) - VistaJet Holding SA, headquartered in Switzerland and Europe's fastest growing business jet company, announced today a firm order of 35 business jets from Bombardier(i) Aerospace with an option for an additional 25 aircraft. The total value of the transaction is approximately $1.2 billion based upon current list prices, once all options are exercised. The firm order is comprised of 11 Challenger 605(i), 13 Learjet 60 XR(i) and 11 of the newly introduced Learjet 85(i) aircraft. This is the second largest order of Bombardier business jets in history.

In addition, VistaJet will acquire Bombardier Skyjet International(i), Bombardier's pioneeting charter program, which has operations in Farnborough, Dubai and Hong Kong.

The new aircraft order will triple the size of VistaJet's existing fleet and, together with the acquisition of SkyJet International, will make VistaJet the second largest business aviation company outside of North America.

"The bulk order and the purchase of Bombardier Skyjet International are in line with our plans to be the leader in this industry and accelerate our global expansion," said Thomas Flohr, Chairman of VistaJet. "With Skyjet and VistaJet joining forces we aim to become the foremost business aviation company in Europe, Middle East and Asia, coupling pure luxury with affordability."

According to Bing Chen, CEO, this is a significant milestone for our company, heralding in a new era as VistaJet expands its business model worldwide. "Our success is greatly helped by the popularity, reliability and proven performance of our Bombardier business aircraft, and as our business continues to expand globally, we are confident that our relationship with Bombardier will continue to grow and produce exceptional results."

"This significant order is further evidence of VistaJet's confidence in Bombardier aircraft, offering the advantages of fleet commonality and Bombardier Aerospace's strong commitment to customer support," added Pierre Beaudoin, President and Chief Operating Officer of Bombardier Aerospace. "We are confident the new aircraft will provide VistaJet the ability to continue to offer the exceptional quality and customer service it is known for as it continues its expansion into new markets."


VistaJet is a privately-owned company headquartered in Switzerland. It is Europe's fastest growing business jet company, offering revolutionary business aviation solutions through its revolutionary Flight Solutions Program. VistaJet operates a diversified fleet that meets the full range of customer needs, and will soon be comprised of more than thirty medium to ultra-long range, state of the art jets with an average age of less than two years. The current fleet includes Learjet 40XR and 60XR, Challenger 300, 604/605 and 850 and Global Express XRS aircraft. News and information is available at


Launched in March 2002 as Flexjet(i) Europe and later rebranded, Bombardier Skyjet(i) International is the world's first truly global business jet charter service. Consolidating some of the world's leading charter operators into a single network, Skyjet International provides a variety of innovative private jet travel options, each offering unprecedented access to over 920 high performance aircraft as well as uncompromising levels of service, safety and reliability. Skyjet International is based at Farnborough Airport near London and has offices in Dubai and Hong Kong.

For more information or to book a trip, call +44 (1252) 526 630 or visit

(i) Trademarks of Bombardier Inc. or its subsidiaries.

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