Charter & Fractional
VistaJet seeks partner to build charter business in ME region
The business aircraft charter market is down by at least 15 percent this year, but VistaJet (Stand E540) expects to achieve 20-percent growth for 2009, and

The business aircraft charter market is down by at least 15 percent this year, but VistaJet (Stand E540) expects to achieve 20-percent growth for 2009, and it wants to establish a more permanent presence here in the Middle East through a local partner that would help it to connect with prospective charter clients. It is investigating options to expand into markets such as Saudi Arabia and Egypt.

Ahead of this week’s show, VistaJet chairman Thomas Flohr told AIN that the Europe-based operator is continuing to grow market share. One particular avenue is to attract existing and prospective clients of fractional ownership programs, which he condemned as a “broken” business model because of the inflexibility and a lack of transparency in contractual terms and the difficulty of securing financing to buy aircraft shares.