VistaJet is committing three new long-range aircraft to the Middle East market, with an order for a pair of Bombardier Challenger 850 business jets and a Global 5000. Chairman and founder Thomas Flohr said the company is seeing strong demand for its flexible-use programs from Saudi Arabia, Qatar and the United Arab Emirates. He believes that by the end of 2012 the Middle East will account for 15 percent of VistaJet revenues.
“The [Middle East] market was impacted in the first quarter of 2011 by political upheaval, but in the last six months we have seen impressive growth, not only in regional traffic but in international traffic,” Flohr told AIN. VistaJet stands to benefit from the decision by fractional ownership provider NetJets to end its franchise arrangement with Saudi Arabia’s NAS group.