VISTAJET COMPLETES 100,000TH FLIGHT AS WHOLE AND FRACTIONAL AIRCRAFT PURCHASES DECLINE

Company records 40% of new business from former aircraft owners as customers shift toward sharing economy models

- Company took on 15 new business jets in 2016, equaling 26% fleet growth
- Has now connected 250,000 passengers to over 1,600 airports in 187 countries
- New customers included principals as young as 25, and major technology companies purchasing 400+ flight hours
- 40% of its new business in 2016 came from customers moving away from fractional or full aircraft ownership

LONDON, March 14 (Bernama-GLOBE NEWSWIRE) -- VistaJet, the first and only global aviation company, today announced that it has safely performed over 100,000 flights in its history, recording significant growth as corporations and UHNWIs continue using business jets to travel the world.
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/afab1e13-6b9f-4ec0-b0f8-e6b5e6434476

http://www.globenewswire.com/NewsRoom/AttachmentNg/a3b654d1-e790-4450-8576-695e75cd1824

In the first nine months of 2016, 7.7% fewer new aircraft were delivered year-on-year, and the total number of deliveries remained at the same level as it was in 2012¹. At the same time, VistaJet took on 15 brand new business jets in 2016 to meet increasing demand, equaling 26% fleet growth. The company has now connected 250,000 passengers to over 1,600 airports in 187 countries. 

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