Charter & Fractional
VistaJet’s revenues surge prompting fleet growth
Charter operator VistaJet is bucking market trends by reporting a 20-percent increase in revenues for 2009.

Charter operator VistaJet is bucking market trends by reporting a 20-percent increase in revenues for 2009. The financial results, announced here at the EBACE show yesterday contrast with drops in revenue at other operators of between 10 and 40 percent over the same period, according to the Swiss operator.

Since last year, VistaJet expanded its fleet of Bombardier aircraft by 30 percent, from 19 to 26. The company will be accepting delivery of another two jets this year (five total in 2010) as it gradually ramps up expansion plans that prior to the economic downturn had called for a fleet of more than 100 aircraft. During 2009, passenger numbers exceeded 16,500, with more than 7,250 movements, both increases of more than 20 percent over 2008.