Story ID: 001bNewsBriefsAINFeb12
VistaJet Gears Up for Global Expansion
By: Chad Trautvetter
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Word Count: 141
Aircraft charter provider VistaJet plans to step up its expansion of operations across Russia, Asia, Africa and South America. By 2015, the Switzerland-based group also intends to double the size of its fleet to more than 60 jets. VistaJet is in talks with prospective partners in China and expects to have an established operation there by year-end. On January 12, the company reported that it anticipates final figures for 2011 to show a 20-percent increase in passenger numbers and a 25-percent hike in revenues. It also anticipates 50-percent growth in profits. The all-Bombardier operator is progressively taking deliveries of a $2 billion backlog of orders, including a mix of long-range Globals and Challengers. Chief commercial operator Ian Moore told AIN that the main focus of international expansion in the next few years will be the so-called Brinc countries: Brazil, Russia, India, Nigeria and China.