VistaJet Signs To Buy Bombardier Skyjet

By Chad Trautvetter

July 1, 2008
Business Aviation, Charter

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.

Back

More Layoffs Pending at Cessna, Hawker Beechcraft January 08, 2009 The healthy backlogs that Cessna and Hawker Beechcraft thought they had six months ago apparently haven’t been able to weather the worldwide... [more]
Bizjet Backlogs Shaky as Used Inventory, Slots Climb January 08, 2009 Two separate analyst reports issued this week by UBS Investment Research and Brian Foley and Associates note that business jet order backlogs... [more]
UBS: Business Jet Flight Activity Down 11% YTD January 06, 2009 UBS Investment Research’s recently issued business jet update indicates that flight activity, measured by takeoffs and landings, was 10 percent... [more]
Piper Delaying Second Phase of Financial Incentives January 06, 2009 Piper Aircraft has notified local Indian River County and Florida state authorities that it is delaying receipt of a second round of incentive... [more]
Fuel Exhaustion Cited in Citation II Crash January 06, 2009 A Cessna Citation II that ran out of fuel and landed gear-up early Sunday morning at Wilmington (N.C.) International Airport sustained... [more]