VistaJet Acquires Bombardier Skyjet International
VistaJet Completes Acquisition of Bombardier Skyjet International
ZURICH, July 1 /PRNewswire-AsiaNet/ - -
VistaJet Becomes Second Largest Business Jet Company Outside North
America; VistaJet Will Generate Over 25,000 Hours Worldwide
VistaJet Holding SA (VistaJet) and
Bombardier Aerospace today announced
that the companies have signed definitive agreements under which, for an
undisclosed sum, VistaJet has acquired Skyjet International, a leading
business aviation company with offices in London, Hong Kong and Dubai.
promotes VistaJet to the number two position
North America and allows VistaJet to expand its revolutionary Flight
Solutions Programme and expand operations worldwide.
"Today's transaction is a perfect
fit; the complementary synergies and
strengths are in line with our goal of becoming the world's leading business
aviation provider," said Thomas Flohr, Chairman of VistaJet. "The merger
underlines VistaJet's vision of revolutionizing the business aviation
landscape globally by coupling pure luxury with affordability."
VistaJet CEO emphasizes, "VistaJet remains committed to
seamless integration of operations and services for the benefit of our
customers. Skyjet International's jet membership programme perfectly
complements our innovative Flight Solutions Programme. The Skyjet
International brand name has been retained to reassure customers who will
benefit from this expanded range of service options."
"This is another milestone of VistaJet's
continued success in providing
the most innovative travel solutions that are transparent, flexible and
affordable but with the most luxurious fleet and services," said Chen.
On May 20 2008, VistaJet announced that it had
placed a firm order for 35
Bombardier business jets, including an option for an additional 25 aircraft.
This $1.2 billion business jet order will triple the size of VistaJet's
The Skyjet International
transaction and current aircraft order will
VistaJet's fleet expand to 94 jets by 2012. The Company recently forecast a
50 per cent increase in revenues for this year and expects to generate
approximately 80,000 flight hours by 2012.