VistaJet on BRINC of Global Expansion

AINalerts » January 12, 2011
January 12, 2012, 3:40 PM

Aircraft charter provider VistaJet plans to step up its expansion of operations across Russia, Asia, Africa and South America, the company revealed in a presentation to financial analysts in London today. By 2015, the Switzerland-based group also intends to double the size of its fleet to more than 60 jets, it said. VistaJet is currently in talks with prospective partners in China and expects to have an established operation there by year-end. The company reported that it anticipates final figures for 2011 to show a 20-percent increase in passenger numbers and a 25-percent hike in revenues. It also anticipates 50-percent growth in profits. The all-Bombardier operator is progressively taking deliveries of a $2 billion backlog of orders, including a mix of long-range Global and Challenger jets. Offering a range of flight-hour packages, VistaJet does not operate aircraft more than three years old and aims to maintain an average fleet age of two years. Chief commercial operator Ian Moore told AIN that the main focus of international expansion in the next few years will be the so-called BRINC countries: Brazil, Russia, India, Nigeria and China.

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