VistaJet Completes Acquisition of Bombardier Skyjet International

Zurich, Switzerland (ots/PRNewswire) -

- VistaJet Becomes Second Largest Business Jet Company Outside
North America; VistaJet Will Generate Over 25,000 Hours Worldwide

VistaJet Holding SA (VistaJet) and Bombardier Aerospace today
announced that 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."

Bing Chen, VistaJet CEO emphasizes, "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."

"This is another milestone of VistaJet's continued success in
providing the most innovative travel solutions that are transparent,
flexible and affordable but with the most luxurious fleet and
services," said Chen.

On May 20 2008, 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.

ABOUT VISTAJET

VistaJet is a privately-owned company headquartered in
Switzerland. VistaJet is Europe's fastest growing business jet
company offering revolutionary business aviation solutions through
its one of a kind Flight Solutions Program. The VistaJet fleet will
comprise more than sixty-five medium to ultra-long range, state of
the art jets with an average age of less than two years. VistaJet
operates a diversified fleet meeting the full range of customer
needs. The current fleet includes Learjet 40 XR* and Learjet 60XR*
aircraft, Challenger 300*, Challenger 604*, Challenger 605* and
Challenger 850* jets, and the Global Express XRS* jet. Three Airbus
Corporate Jets (ACJ) will be delivered in 2010. News and information
is available at http://www.vistajet.com.

ABOUT SKYJET INTERNATIONAL

Launched in March 2002 as Flexjet* Europe and later rebranded,
Skyjet International established itself as the world's first truly
global business jet charter service. Consolidating some of the
world's leading charter operators into a single network, Skyjet
International, based outside London - and with offices in Dubai and
Hong Kong - provides a variety of innovative private jet travel
options.

*Either registered or unregistered trademarks of Bombardier Inc.
or its subsidiaries

For more information or to book a trip, call +44-1252-526-630,
email info@sje@aero.bombardier.com or visit
http://www.skyjetinternational.com

For media enquiries, please contact:
Lee Holloran, Marketing Executive
Tel: +44-1252-526-633
lee.holloran@aero.bombardier.com

Rückfragehinweis:
For media enquiries, please contact: Lee Holloran, Marketing
Executive, Tel: +44-1252-526 633, lee.holloran@aero.bombardier.com

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