VistaJet - $8 billion Aircraft Order
RNS Number : 0716S
27 November 2012
VISTAJET "THINKS GLOBAL" AND PLACES LARGEST SINGLE TRANSACTION
IN THE HISTORY OF BUSINESS AVIATION
FIRM ORDER FOR 56 NEW BOMBARDIER GLOBAL JETS
OPTIONS ON FURTHER 86 BOMBARDIER GLOBAL JETS
TOTAL ORDER VALUE OF $7.8 BILLION
VistaJet to Deploy New Aircraft in All Corners of the Globe
VistaJet Offers Immediate Access to the Global Fleet to Anyone Anywhere for
London (November 27, 2012) - VistaJet, the world's luxury aviation company,
has placed a firm order for 56 new Bombardier* Global* aircraft, with 86
further options. With a list price value of more than $7.8 billion, this is
the single largest transaction placed with any aircraft manufacturer in the
history of business aviation. Deliveries of this order will commence in 2014.
Steve Ridolfi, President of Bombardier Business Aircraft, said:
"By any standard, this is a historic order for Bombardier. It goes without
saying that we are thrilled VistaJet has again chosen to grow their fleet with
the industry-leading Bombardier Global family.
"We welcome VistaJet's ongoing commitment to global coverage within existing
and developing new markets. The Bombardier Global aircraft are perfect for
VistaJet's business strategy as it is the ultimate business jet family,
ideally suited to meet the demanding needs of both jet owner and customer
"VistaJet recently took delivery of the 50^th aircraft for their fleet,
reflecting the company's ongoing commitment to maintaining the youngest fleet
in the sky - with an average age of two years and all aircraft operating under
the manufacturers' warranty."
The new Global aircraft order - comprising of 25 Global 5000*, 25 Global
6000*, and 6 Global 8000* aircraft, with options for a further 40 Global 5000,
40 Global 6000 and 6 Global 8000 jets - is a continuation of the company's
strategic decision to fast-track the growth of the fleet, focusing on
wide-cabin, long-range aircraft to provide non-stop point-to-point global
coverage. The new aircraft will directly service growth markets (including
Russia, China, all of the Middle East and all of Africa), connecting them to
the rest of the globe, as well as serving the East and West coast United
States for their intercontinental travel needs.
Its global strategy has made VistaJet the clear market leader with
unparalleled experience flying in to, and out of, the hardest-to-reach
destinations around the world. Furthermore, VistaJet is the first commercial
operator of the Global 6000 jet to lead the way in long-haul flights
connecting the growth markets. VistaJet continues to "Think Global" and brings
the most advanced and accomplished long-range premium aircraft family to their
customers across the globe.
Thomas Flohr, Founder and Chairman of VistaJet said:
"This order is the most significant milestone for VistaJet and is a testimony
to our successful strategy that focuses on global coverage. Earlier in the
year we announced landmark agreements with partners in both China and Russia
and, since then, the level of demand we have seen in growth markets around the
globe has been unprecedented.
"Our customers need to fly point-to-point across the globe, and in many
instances at short notice. Whether it's a direct flight from Los Angeles to
Shanghai, from London to Luanda or from Kinshasa to Ulan Bator, we are
seamlessly connecting our customers to every corner of the world in unrivalled
levels of style and safety.
"Such customer success allows us to place this historic order and will enable
us to base even more brand new aircraft in these dynamic growth markets. I am
excited to serve these markets with an unparalleled product both locally and
In the air, VistaJet has been growing what is already one of the largest
business aviation flight crew rosters worldwide to ensure that it has flight
crew availability 24/7 anywhere in the world. VistaJet's pilots are rated
amongst the most proficient in the world and have extensive experience in
flying the longer-haul sectors to remote destinations that comprise the
majority of the flights flown in 2012.
On the ground, VistaJet has doubled its dedicated sales force across these
emerging markets to establish further presence and support for existing and
new customers. These additions to our world-class sales team will be
introduced during the course of Q1 2013.
Flohr concludes "carrying 25,000 passengers on 10,000 single international
flights in 2012, VistaJet is the only luxury brand in aviation, which focuses
on providing an understated and bespoke service. Flying with VistaJet is
simple: innovative flight solutions are designed for each of our individual
customer needs without any asset risk. Every flight is tailored ensuring
customers travel in the best style and luxury with maximum safety, flexibility
and value. This simple business model ensures the entire VistaJet fleet is
made available to all our customers - with guaranteed availability within 24
hours notice - offering a truly global reach with no positioning costs."
* Country-specific announcements will follow shortly.
** New exciting customer dedicated service announcement to follow within 60
College Hill: +44 207 457 2044
Nadine Johnson Inc: +1 (212) 228 5555
VistaJet is headquartered in Switzerland and has operations in London, Moscow,
Malta, Dubai, Lagos, Beijing, Hong Kong, Kuala Lumpur, and Salzburg.
A unique business model offers customers a PROGRAM solution with guaranteed
availability at a fixed hourly rate across the largest service area in the
world including Europe, Africa, the Middle East and Asia Pacific as well as
East Coast America. The ON DEMAND option offers ad hoc flights for those who
want to fly occasionally, yet still want to enjoy the VistaJet experience on
board the youngest fleet in sky.
VistaJet customers are already flying in brand new Bombardier aircraft,
including Global 6000 (previously known as the Global Express* XRS*),
Challenger 850*, Challenger 605*, Learjet 60* XR*, and soon Global 7000* and
Global 8000 aircraft.
For more details, visit:
* Trademarks of Bombardier Inc. or its subsidiaries
This information is provided by RNS
The company news service from the London Stock Exchange
NRAFEUSWWFESEFF -0- Nov/27/2012 07:23 GMT
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