2013-09-09

VistaJet to initially base 12 new Bombardier Global aircraft valued at U.S. $600 million, to be operated in the United States by Jet Aviation, Offering the only true worldwide service area in business aviation

NEW YORK, NEW YORK–(Marketwired /Asianet-Pakistan – September 9, 2013) – Editors Note: There is a photo accompanying this press release.

VistaJet, the leading Global business aviation company, and Jet Aviation, a leading business aviation services company, announced today that Jet Aviation Flight Services will operate and manage a U.S.-based fleet of Bombardier Global jets for VistaJet’s Flight Solutions Program. Service on the first three aircraft is scheduled to begin in March 2014, with the U.S. fleet expected to grow to 12 all new Bombardier Global jets. The total value of VistaJet’s aircraft fleet commitment is U.S. $600 million.

“VistaJet offers Global aircraft services unlike any other in business aviation. We take great pride in our heritage as an international company and for the past ten years, we’ve arranged for corporate leaders, entrepreneurs and private individuals to fly to over 135 countries worldwide. Expanding our Program offering to include the new service operated by Jet Aviation within the United States now makes VistaJet the only truly Global business aviation company,” said Thomas Flohr, Founder and Chairman of VistaJet. “With this announcement, we are redefining the landscape of business aviation.”

“Our alliance with Jet Aviation Flight Services is key to growing our business in the world’s largest corporate aircraft marketplace. Jet Aviation has an impeccable reputation in aircraft service, charter operations and management here in the U.S. and around the world, so they understand the needs of a global service provider. VistaJet will act as agent for U.S. Flight Solutions Program customers. to arrange flights that will be operated by Jet Aviation within the U.S. This is a significant investment for VistaJet both in terms of fleet value and building our brand loyalty and recognition in the U.S. We are confident that the VistaJet customer experience on flights operated by Jet Aviation will be seamless.”

“It is a tremendous tribute to Jet Aviation and our team that VistaJet, with over 35 aircraft in their worldwide fleet, has selected our company to operate and manage the U.S.-based fleet of Global aircraft on our air carrier certificate for VistaJet Flight Solutions Program customers in the U.S.,” said Don Haloburdo, Vice President and General Manager, Jet Aviation Flight Services. “With the addition of all new Global business aircraft under management in the U.S., we will have a unique offering in terms of large cabin ultra-long range jets. We look forward to providing the highest level of service and attention that VistaJet customers are accustomed to on international destinations.”

The first VistaJet aircraft to be operated by Jet Aviation in the U.S. under this new alliance will be based at Jet Aviation Flight Services’ Teterboro, New Jersey, facility while additional aircraft may be located at other Jet Aviation U.S. locations depending on demand and seasonal traffic within the country. “The U.S. services operated by Jet Aviation will mirror the worldwide VistaJet model. The aircraft will fly from one destination to the next, keeping empty leg flights to a minimum,” continued Mr. Flohr. VistaJet Flight Solutions Program customers are the direct beneficiaries of this model as they are only charged for occupied hours and enjoy guaranteed availability and guaranteed price per hour.

VistaJet leads the industry with the youngest fleet in the sky – the average fleet age is less than two years and all aircraft operate under their manufacturer’s warranty – based across the largest service area in the business to seamlessly connect the globe. “We are by far Bombardier’s largest Global aircraft customer and with a Think Global strategy of deploying brand new aircraft into the U.S., Europe, Russia, the Middle East, Asia, Africa and soon China, VistaJet is defining the new business aviation landscape with its silver aircraft with the red stripe,” added Mr. Flohr.

Jet Aviation Flight Services is responsible for delivering Jet Aviation’s aircraft management and charters services in the Americas. With U.S. based offices currently located in Teterboro, N.J., Van Nuys, Calif., and Chicago, Ill., the company provides services for a fleet of high-quality managed aircraft and was named in Robb Report’s “Best of the Best” for charter services for three consecutive years. Jet Aviation currently manages more than 100 aircraft in the Americas.

About Jet Aviation

Jet Aviation, a wholly owned subsidiary of General Dynamics (NYSE: GD), was founded in Switzerland in 1967 and is one of the leading business aviation services companies in the world. Close to 4,500 employees cater to client needs from more than 20 facilities throughout Europe, the Middle East, Asia and North and South America. The company provides maintenance, completions and refurbishment, engineering, FBO and fuel services, along with aircraft management, charter services, aircraft sales and personnel services. Jet Aviation’s European and U.S. aircraft management and charter divisions jointly operate a fleet of more than 250 aircraft. Please visit www.jetaviation.com and follow us on twitter: http://twitter.com/jetaviation

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About VistaJet

VistaJet owns, operates and provides access to the largest privately owned Bombardier business aircraft fleet – over 35 aircraft – the majority of which are large cabin, long-range Global and Challenger jets. Renowned for its consistency around the globe and as the only provider to offer an identical cabin design throughout its fleet, VistaJet’s global strategy of connecting its customers to every corner of the world with point-to-point coverage has made it the clear market leader with unparalleled experience flying in to, and out of, the hardest-to-reach destinations. News and information are available at www.vistajet.com.

VistaJet will not act as a direct or indirect air carrier within the U.S., but solely as agent for its customers to arrange flights on aircraft operated by Jet Aviation Flight Services, Inc., a licensed U.S. direct air carrier. Jet Aviation Flight Services, Inc. will maintain full operational control of all flights arranged by VistaJet on behalf of its customers.

To view the photo accompanying this press release, please visit the following link:

http://www.marketwire.com/

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Contact Information

Contacts:

VistaJet International Ltd.

Danielle Boudreau

Executive Vice President

Marketing, Branding and Public Relations
+44 (0) 7824144745
danielle.boudreau@vistajet.com

Jet Aviation Management AG

Heinz Aebi

Senior VP Group Communications
+41 (58) 158 8890
heinz.aebi@jetaviation.ch

New York

Adam Abdalla

Nadine Johnson Inc
+1 (212) 228 5555
adam@nadinejohnson.com

Jet Aviation Holdings USA Inc.

Michael Arnone

Director Marketing U.S. Aircraft Services
+1 (201) 393 6927
michael_arnon@jetaviation.com

London

James Leviton

Teneo
+44 (0) 20 7186 8888

james.leviton@teneostrategy.

com

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