VistaJet Unveils New Flight Solutions Program

 - May 19, 2008, 9:04 AM

Switzerland’s VistaJet today launched its so-called Flight Solutions Program, on which it hopes to pin much of its planned expansion into the Asia-Pacific market, Europe and beyond. VistaJet’s new program consists of private jet partnership and ownership “solutions.” The partnership component allows customers to commit to 100, 200, 300 and 400 hours per year in exchange for a monthly fee. With this option, the customer takes on no asset risk and gets guaranteed aircraft availability, while VistaJet incurs all maintenance expenses and management fees. Under the ownership plan, the customer buys an aircraft and, depending on the annual hourly commitment, VistaJet pays the customer a monthly leaseback fee. This plan also guarantees availability along with no fixed costs, maintenance expenses or monthly management fees. According to VistaJet, the Flight Solutions Program costs 20 percent less than any other comparable program available today. Meanwhile, its new Southeast Asian regional headquarters at SkyPark Subang outside Kuala Lumpur, Malaysia, is now operational. In December VistaJet and Subang SkyPark signed an MOU that made the latter company the exclusive FBO for all VistaJet flights, the first of which flew into Subang earlier this month.