Becomes Second-Largest Business Jet Company Outside North America

VistaJet Holding SA and Bombardier Aerospace announced this week the companies have signed definitive agreements under which, for an undisclosed sum, VistaJet has acquired Skyjet International, a leading business aviation company with offices in London, Hong Kong and Dubai.

The transaction promotes VistaJet to the number two position outside North America and allows VistaJet to expand its revolutionary Flight Solutions Programme and 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," said Thomas Flohr, Chairman of VistaJet. "The merger underlines VistaJet's vision of revolutionizing the business aviation landscape globally by coupling pure luxury with affordability."

VistaJet CEO Bing Chen added, "VistaJet remains committed to a seamless integration of operations and services for the benefit of our customers. Skyjet International's jet membership programme perfectly complements our innovative Flight Solutions Programme. The Skyjet International brand name has been retained to reassure customers who will benefit from this expanded range of service options."

On May 20, VistaJet announced that it had placed a firm order for 35 Bombardier business jets, including an option for an additional 25 aircraft. This $1.2 billion business jet order will triple the size of VistaJet's existing fleet.

The Skyjet International transaction and current aircraft order will see VistaJet's fleet expand to 94 jets by 2012. The Company recently forecast a 50 per cent increase in revenues for this year and expects to generate approximately 80,000 flight hours by 2012.

FMI: www.vistajet.com, www.skyjetinternational.com