VistaJet Completes Acquisition of Bombardier Skyjet International



    ZURICH, Switzerland, July 1 /CNW/ -

    
    - 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.

    ABOUT VISTAJET

    VistaJet is a privately-owned company headquartered in Switzerland.
VistaJet is Europe's fastest growing business jet company offering
revolutionary business aviation solutions through its one of a kind Flight
Solutions Program. The VistaJet fleet will comprise more than sixty-five
medium to ultra-long range, state of the art jets with an average age of less
than two years. VistaJet operates a diversified fleet meeting the full range
of customer needs. The current fleet includes Learjet 40 XR(*) and Learjet 60XR(*)
aircraft, Challenger 300(*), Challenger 604(*), Challenger 605(*) and Challenger
850(*) jets, and the Global Express XRS(*) jet. Three Airbus Corporate Jets (ACJ)
will be delivered in 2010. News and information is available at
http://www.vistajet.com.

    ABOUT SKYJET INTERNATIONAL

    Launched in March 2002 as Flexjet(*) Europe and later rebranded, Skyjet
International established itself as the world's first truly global business
jet charter service. Consolidating some of the world's leading charter
operators into a single network, Skyjet International, based outside London -
and with offices in Dubai and Hong Kong - provides a variety of innovative
private jet travel options.

    (*)ither registered or unregistered trademarks of Bombardier Inc. or its
       subsidiaries

    For more information or to book a trip, call +44-1252-526-630, email
info@sje@aero.bombardier.com or visit http://www.skyjetinternational.com.
    




For further information:

For further information: media enquiries, please contact: Lee Holloran,
Marketing Executive, Tel: +44-1252-526-633, lee.holloran@aero.bombardier.com

Organization Profile

VISTAJET INTERNATIONAL LTD AND SKYJET INTERNATIONAL

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