LONDON - Global business aircraft operator VistaJet is adding $320 million worth of new aircraft to its fleet as part of its ongoing worldwide expansion strategy. This represents the largest number of wide-body business jets to be delivered by Bombardier to a single customer within a 30-day period.
The eight new jets include three Bombardier Global aircraft valued at $174 million, as well as three Challenger 605 jets valued at $93 million, and 2 Challenger 350 jets valued at $53 million. This is in addition to five Global aircraft added in the first half of the year. VistaJet plans to take delivery of a further 12 jets including three Global 6000, four Challenger 350 and five Challenger 605 aircraft at a total value of $447.5 million, by the end of the fourth quarter.
VistaJet said it had its best summer season to date in 2014. The volume of flights are up 21 percent for the January to August period, and September is on track to be another record month. The Company's 'Think Global' strategy is proceeding per plan. Africa continues to be the VistaJet's fastest growth region. Expansion focus on the US and Asia-Pacific remains a priority with new aircraft being placed in these regions to support increasing demand as capacity is at an all-time high. VistaJet's business in Russia and CIS remains strong and the Company is positioned to reach its target revenue growth of 20-25 percent by year-end.
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