VistaJet Holding SA
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| Founded | 2004 | |||
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| Fleet size | 30 | |||
| Destinations | Point to point | |||
| Headquarters | Baar, Switzerland | |||
| Key people | Thomas Flohr, Ian Moore | |||
| Website | http://www.vistajet.com | |||
VistaJet is a Swiss company that sells private business jets.[1]
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[edit] Overview
VistaJet is headquartered in Switzerland with offices in Salzburg, Austria; Dubai, UAE; Kuala Lumpur, Malaysia; Hong Kong; Lagos, Nigeria and Farnborough, United Kingdom. In the United States, it operates a partnership agreement with Flexjet and Jet Solutions.
The company is also the world's largest wholly owned private jet fleet outside the Americas. All aircraft are from Bombardier, have an average age of less than two years and have the same look, touch and feel inside and out, with their distinctive silver and red striped livery.
[edit] History
In 2004 VistaJet Holding SA, formerly Air Executive LU.AT, was founded by Thomas Flohr as a European private business jet charter and aircraft management company.
In 2006, the company ordered from Bombardier three Bombardier Challenger 605 business jets and signed an option for two additional aircraft, making this order the first and largest multiple aircraft order placed by a European company for the new jet. In 2007, VistaJet announced the opening of a base at SkyPark Subang, Kuala Lumpur, Malaysia, with a Bombardier Challenger 604 and a Challenger 605 likely to be available for customers by early 2008.[2]
In February 2008, VistaJet announced that, as part of its it plans to triple its fleet in 2008, it planned to be present in the UK market within weeks offering a London City based Learjet 40 XR as well as a Learjet 60 XR.[3] Later, in May 2008, VistaJet announced an order for 11 Bombardier Learjet 85 aircraft, along with 11 Challenger 605 and 13 Learjet 60 XR aircraft.[4] The deal includes options for an additional 25 aircraft. In addition to the aircraft order, VistaJet also signed a memorandum of understanding for the acquisition of Bombardier Skyjet International, Bombardier's charter program, making VistaJet the second largest business jet company outside of North America.[5] The company completed its acquisition[6] of Skyjet International the following month, on June 30, 2008.[7]
In 2009, the former Swissair Chairman and SAir Group CEO Phillippe Bruggisser joined VistaJet as the new CEO and board member, following a general restructuring of the company's management team. Founder Thomas Flohr announced a rapid and aggressive growth program with the goal to develop the company to the largest executive airline outside North America. In January 2010, VistaJet announced the appointment of Robert Hersov as Chairman of the VistaJet Advisory Board.[8] The Former vice-chairman of NetJets Europe, Hersov will drive and lead the Advisory Board, advising on strategies for developing and expanding VistaJet’s operations in key operating territories including Europe, the Middle East, Asia and West Africa. In May of the same year, an announcement was made at EBACE 2010 that VistaJet recorded a strong operational and financial performance in 2009 and has the platform in place for further growth in 2010.[9]
In May 2010, VistaJet expanded its global network into West Africa, driving its expansion in the region through a new partnership with West African-based businessman Kola Aluko and dedicated aircraft to service the region from a regional base in Lagos, Nigeria.[10] In the same month VistaJet received the EBAA Bronze Safety of Flight Award for outstanding Operational and Maintenance Safety Record (20 years or 40,000 hours without an accident).[11] Two months later, a $277 million firm order for six Bombardier aircraft was announced at Farnborough Air Show. The order was for four ultra long-range Global Express XRS and two large cabin Challenger 605 aircraft. The order, which placed a greater emphasis on large, longer-range aircraft, was to significantly increase VistaJet’s long-haul capability in markets such as the Middle East, West Africa and Russia / CIS where flights are typically over six to eight hours.[12] In October 2010, Phillippe Bruggisser stepped down as CEO and Thomas Flohr took over day-to-day management. [13] At the 2011 Paris Airshow, VistaJet ordered 10 Bombardier Global 8000 business jets.[14]
[edit] Products
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Medium Range |
Ultra-Long Range |
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[edit] References
- ^ Stacy Meichtry, 'The Jet Set', in The Wall Street Journal, January 27, 2012 [1]
- ^ Govindasamy, Siva. "Malaysia's Subang to rival Hong Kong, Singapore". Flight International. http://www.flightglobal.com/articles/2007/12/06/220111/malaysias-subang-to-rival-hong-kong-singapore.html/?no_cache=1&cHash=af53230ec6. Retrieved 2008-05-02.
- ^ "VistaJet expansion plan fuels career opportunities". European Business Air News. http://www.ebanmagazine.com/mag_story.html?ident=9092. Retrieved 2008-05-03.
- ^ "Bombardier wins $1.2-billion order from VistaJet". Montreal Gazette. http://www.canada.com/montrealgazette/news/business/story.html?id=d275986d-d3c6-4aeb-985b-ced41bc53525. Retrieved 2008-05-20.
- ^ King, Carolyn. "Bombardier Gets Business Jet Order Worth Up To $1.2B". The Wall Street Journal. http://online.wsj.com/article/BT-CO-20080520-708922.html?mod=wsjcrmain. Retrieved 2008-05-21.[dead link]
- ^ "VistaJet Completes Acquisition Of Bombardier Skyjet International". http://www.skyjetinternational.com/.
- ^ "VistaJet Completes Acquisition Of Bombardier Skyjet International". http://www.voxy.co.nz/business/vistajet-completes-acquisition-bombardier-skyjet-international/5/798.
- ^ "VistaJet makes major appointment as it looks to expand its global presence". http://www.vistajet.com/en/press10.php?VistaJet_makes_major_appointment_as_it_looks_to_expand_its_global_presence.
- ^ "Operational and Performance update for year ending 31 December 2009". http://www.vistajet.com/en/press10.php?OPERATIONAL_AND_PERFORMANCE_UPDATE_FOR_YEAR_ENDING_31_DECEMBER_2009.
- ^ "VistaJet expands into West Africa with exciting new partnership". http://www.vistajet.com/en/press10.php?VistaJet_expands_into_West_Africa_with_exciting_new_partnership.
- ^ "VistaJet receives the EBAA Bronze Safety of Flight Award for outstanding Operational and Maintenance Safety Record". http://www.vistajet.com/en/clipping10.php?VistaJet_receives_the_EBAA_Bronze_Safety_of_Flight_Award.
- ^ "VistaJet announces firm order to substantially increase its luxury fleet of Bombardier aircraft at Farnborough Air Show". http://www.vistajet.com/en/press10.php?Major_Fleet_Expansion_for_Luxury_Private_Aviation_Provider_VistaJet.
- ^ "Flohr managing VistaJet as Bruggisser steps-down = http://corporatejetinvestor.com/articles/Bruggisser-VistaJet-CEO".
- ^ "Firm orders for 16 Global business jets worth $1.05 bln". Reuters. 2011-06-21. http://www.reuters.com/article/2011/06/21/bombardier-idUSN1E75K0NN20110621.
