VistaJet Signs To Buy Bombardier Skyjet

 - July 1, 2008, 11:56 AM

Zurich, Switzerland-based VistaJet Holding today announced that it has signed a definitive agreement to acquire Bombardier Aerospace’s Skyjet International, a “global business jet charter service,” for an undisclosed amount. Skyjet has offices in London, Hong Kong and Dubai. According to VistaJet, the deal propels the charter firm to the number-two position outside North America and allows it to 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,” VistaJet chairman Thomas Flohr said. At EBACE in May, VistaJet placed a $1.2 billion order for 35 Bombardier business jets, including an option for an additional 25 aircraft. Combined with the Skyjet International transaction, VistaJet’s fleet will expand to 94 jets by 2012. The company recently forecast a 50-percent increase in revenues for this year and has ambitious growth goals.