VistaJet orders ten Global 8000 business jets

VistaJetBombardier Aerospace has announced
that VistaJet of Switzerland has placed a firm order for
10 Global 8000 aircraft. The total value of the order is approximately US$650
million, based on the 2011 list price for typically equipped aircraft.

“It was eight years ago,
also at the Paris Air Show, that our two companies began this journey, and only
six years ago at Paris
that VistaJet placed its first Global aircraft order,” said Steve Ridolfi, president,
Bombardier Business Aircraft. “It’s a true testament to our products and people
that VistaJet, an industry leader in luxury aviation, continues its global
expansion with an all-Bombardier fleet. Like Bombardier, VistaJet is a leader
in developing new markets, where our aircraft are ideally suited to meet the
demanding needs of customers. There is an increasingly strong demand for large
cabin business jets that can connect virtually any city pair worldwide non-stop,
and the Global 8000 jet is the only contender to meet this requirement.”

VistaJet, offering business
aviation solutions through its Flight Solutions Program, solely operates
Bombardier business aircraft. Just one month ago, Bombardier confirmed that VistaJet
ordered two Challenger 605 and six Global 6000 jets in late January 2011. This
latest Global aircraft order raises VistaJet’s order backlog value to
approximately US$2 billion.

“This aircraft order
confirms our development strategy is on track as we rapidly establish ourselves
in the world’s fastest growing markets,” said Thomas Flohr, founder and chairman,
VistaJet. “VistaJet has successfully expanded far beyond Europe’s borders, and
we now have major customers in Asia, the Middle East, Africa, Russia and the
Commonwealth of Independent States (CIS) who require longer-haul aircraft with
state-of-the-art cabins. The Global 8000 business jets are ideal to meet the
needs of our passengers in these regions. As we grow our global network, our
customers can be ensured a consistent experience with the best aircraft, cabins
and service worldwide.”

Terry Spruce

Terry Spruce

Terry is Senior News Editor and writes for both Corporate Jet Investor and Helicopter Investor. He is also responsible for our aircraft guides. Terry has been an aviation enthusiast since the early 1970s. He is a lapsed Private Pilot and ex-Piper Cherokee owner. He has flown a number of light aircraft and is comfortable sitting in the co-pilot's seat or the back of any aircraft. Before moving to journalism he was a banker for 20 years. You can contact him at: terry@corporatejetinvestor.com or follow him on twitter @Terry_Spruce