VistaJet and Wheels Up Form Partnership to Offer Aircraft Flight Solutions Program in the United States
Sep 11, 2013 (Close-Up Media via COMTEX) --
VistaJet and Wheels Up, a membership-based private aviation company, are joining forces to offer VistaJet's Flight Solutions Program (FSP) in the United States.
According to a release, service for FSP customers is scheduled to begin in March 2014, on a U.S.-based fleet operated and managed by Jet Aviation Flight Services, a U.S. certificated air carrier. The U.S.-based fleet is expected to grow to 12 all new Bombardier Global jets. The total value of the aircraft fleet commitment is U.S. $600 million.
"We successfully grew our business by carefully identifying which marketplace to enter and develop. Several criteria come into play when making this analysis, however two things are key - timing and having the right partners and team," said Thomas Flohr, Founder and Chairman of VistaJet. "Leading key indicators such as the overall U.S. economy, business jet usage and demand for a truly global solution were integral for my decision. The time is right for VistaJet to have a permanent presence in the U.S. market and Wheels Up is the perfect partner for our business model."
Announced August 2013, the company noted, Wheels Up will be VistaJet's exclusive general sales agent to market and sell VistaJet FSP to customers in the U.S. VistaJet will act as agent for these new FSP customers to arrange flights that will be operated by Jet Aviation within the U.S. The U.S. flights will be consistent with VistaJet's exceptional customer service standards. Wheels Up customers will have access to the U.S.-based fleet of brand new Global aircraft under Jet Aviation's operational control.
"By partnering with VistaJet, Wheels Up will offer its members access to a large cabin Global business jet fleet and a service that is second to none worldwide," said Kenny Dichter, Founder and Chief Executive Officer, Wheels Up. "The relationship with VistaJet gives Wheels Up a truly global presence and enhances our offering to cater to all customers' needs, further positioning Wheels Up as a true business aviation solution. We look forward to working with Thomas Flohr and embrace his innovation and entrepreneurial spirit, which will undoubtedly propel all involved to the next new level of private aviation."
Additionally, according to Dichter, Wheels Up projects a membership base for its own program of 10,000 to 15,000 individuals and corporations, flying an average of 20 to 30 hours annually on flights arranged by Wheels Up as the member's agent. The Company anticipates that a typical member will generate between $100,000 and $125,000 in flight revenues per year, resulting in annual revenues between $1 billion and $2 billion, representing at least 200,000 flight hours to be arranged by Wheels Up.
For the large cabin jet market, the Company projects that it will initially secure 5,000 hours' worth of commitment via VistaJet's Flight Solutions Program on the Global aircraft, and forecasts an additional 5,000 hours for 2015.
VistaJet owns, operates and provides access a privately owned Bombardier business aircraft fleet - over 35 aircraft - the majority of which are large cabin, long-range Global and Challenger jets.
((Comments on this story may be sent to email@example.com))
[ Back To Technology News's Homepage ]