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.
The transaction
promotes VistaJet to the number two position
outside
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."
Bing Chen,
VistaJet CEO emphasizes, "VistaJet remains committed to
a
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
existing fleet.
The Skyjet International
transaction and current aircraft order will
see
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.
ends