VistaJet, the world’s leading luxury aviation company outside of the Americas, announces that it has signed a historic Memorandum of Understanding (“MOU”) with Beijing Airlines, the private aviation subsidiary of Air China, which is intended to lead to a long-term major partnership agreement.
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VistaJet announces that it has commenced the second phase of its strategic expansion across the BRINC* countries and other fast- growth developing markets including the Middle East, wider West African regions and CIS nations as it seeks to double the size of the business within four years.
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VistaJet is to dedicate new long-range Bombardier aircraft to its fleet in the Middle East in response to strong demand for its services across the region and in particular from Saudi Arabia, Qatar and UAE.
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VistaJet today announces that it has placed a firm order for 3 new Bombardier aircraft being one Global 5000 aircraft and two Challenger 850 aircraft. The total value of the order is approximately US$ 110m based on the 2011 list price for typically equipped aircraft and is in addition to VistaJet’s US$ 2 billion order backlog.
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VistaJet takes delivery of three new Bombardier Challenger 605 aircraft. The new deliveries, which take VistaJet’s current fleet to more than thirty aircraft, are part of the company’s US$2 billion order backlog.
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