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Board and Senior Executive Management Appointments

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Board and Senior Executive Management Appointments
  • Major industry names including former Swissair CEO joining VistaJet
  • Philippe Bruggisser, CEO, and Scott Plumb, Chief Commercial Officer
  • New team set to lead next phase of growth strategy
  • Appointments made as VistaJet records further record performance

 

VistaJet, the world’s fastest growing private aviation company with the largest wholly-owned commercial fleet outside the Americas, announces a number of major appointments to its Board and senior executive management team. The appointments come as VistaJet moves to both capitalise on its leading position in the industry and to ensure maximum success from the next phase of its growth strategy.

Philippe Bruggisser has been appointed Chief Executive Officer with effect from 1 August 2009. Philippe has over thirty years of aviation industry experience and was formerly COO of Swissair and latterly President of the airline’s holding company, SAir Group, until 2001. Most recently, he has been Vice Chairman of Centurion Cargo, a privately owned air cargo operator, based at Miami International Airport, and which is one of the leading cargo airlines operating from and to Latin America.

Scott Plumb joins VistaJet as Chief Commercial Officer. Scott has over twenty years of aerospace sales and marketing management experience gained in a variety of roles at Gulfstream Aerospace, where he was Division Vice President, North American Sales until January 2009, Airbus Industrie and British Aerospace.

Philippe and Scott will also join VistaJet’s Board.

The Board is to be further strengthened with the appointment of John W Boo as a non-executive Director. John, who is the Chief Executive Officer of Comprendium, a leading structured asset finance provider, was previously at Citigroup where he held various leadership positions in the investment bank’s Financial Institutions Group in New York. John will have oversight responsibility for all of VistaJet’s Finance and M&A activities.

Thomas Flohr, founder and Chairman of VistaJet, commented:

“We have achieved a great deal at VistaJet in a very short period. We will now have the breadth and depth of management to take the business through the next stage of the Company’s exciting development. It is testimony to what we have built at VistaJet that we are able to attract some of the best talent in the industry to our Company and to build a management team of such outstanding quality.”

Meanwhile, VistaJet has seen a continued progression following on from its first quarter’s successful performance when revenues were up 25% over the prior year. Flohr commented:

“We are continuing to trade very strongly. In fact, May was our best month ever. We are seeing that our innovative approach to changing industry standards is continuing to attract customers looking for more luxury, guaranteed availability and better value.

We have seen a lot of additional interest since we announced last month the merger of our three service areas into one – giving customers absolute price clarity and transparency - and a 25 per cent price reduction on all return flights for Program customers. We will continue to innovate and revolutionise the way people fly.”

VistaJet is taking delivery of seven aircraft in 2009, as planned.