VistaJet ramps up operations in Russia and intensifies international expansion

Today at Jet Expo Moscow 2008, VistaJet Holding S.A., a privately-owned company headquartered in Switzerland and Europe’s fastest growing business jet company, announced aggressive expansion plans into the flourishing Russian private jet market. VistaJet is deploying a full roll-out of its revolutionary Flight Solutions, including Jet Membership, Partnership, and Ownership programs. It is also appointing local sales representatives and will open regional offices.

The move enables VistaJet to expand its revolutionary Flight Solutions further into the emerging Russian market and underlines the escalating worldwide demand of business aviation solutions. VistaJet has already experienced exceptional success in Russia on an impressive state-of-the-art business jet aircraft fleet.

With its recent landmark $1.2 billion order for up to 60 new jets, the VistaJet fleet will soon number 90 medium to ultra-long-range aircraft. In June, the acquisition of Skyjet International made VistaJet one of the world’s largest private jet companies.

Bing Chen, CEO of VistaJet said, “There is unprecedented potential for us in the Russian Market… Our key aim is to couple affordability with pure luxury by offering superior alternative solutions to the traditional jet charter and fractional / whole ownership offerings. Our Flight Solutions open up a new chapter in business aviation, revolutionizing the way people use business jets. Under VistaJet’s whole aircraft ownership program, for example, our customers may purchase a new Challenger 605 aircraft and begin flying immediately. They pay one simple quarterly payment based on their hourly commitment, which, in many cases, is lower than the traditional direct operating costs of the aircraft. There are no fixed fees, no maintenance expenses, and no monthly management fees. This is an exceptional package for an aircraft of this capability and range.”

The 100-hour Partnership Program on the stand-up cabin Learjet 60 XR aircraft is also expected to be well received in the region, with hourly prices starting from just € 5,900.

Bing Chen added,”The VistaJet Membership option will have significant appeal for the 25- to 50-hour traveler, with its fixed pricing per route and hourly rates on the Learjet 60 XR starting from €7,300 for a 25-hour card.”

VistaJet is projecting a 50-percent increase in its revenues this year and expects its fleet to be logging around 80,000 flight hours annually by 2012. The company has recently launched its business in Asia by placing aircraft at the newly opened Subang Airport in Kuala Lumpur where it is establishing an operating base for the fast-growing Asian market.