VistaJet and Dexter Aviation sign agreement

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VistaJet will increase presence in Russia and the company will open a base in Moscow

VistaJetVistaJet has announced that
it has signed an agreement with Dexter Aviation. Dexter is ultimately owned by
the Fesco/Industrial Investors, one of Russia’s leading companies and
founded by Sergey Generalov.

The agreement will see
VistaJet rapidly expand its presence in the country including point-to-point
flights within Russia,
meeting demand for flights to and from the far-eastern Russia, Siberia
and CIS countries.  VistaJet will also open a base in Moscow.

VistaJet continues to lead
the industry, becoming the first commercial operator of the Bombardier Global
6000 aircraft and has taken delivery of the first two of these aircraft out of
an order of 10.  The Global 6000 is considered to be one of the most
advanced and desirable long-range premium aircraft available.

Thomas Flohr, founder and
chairman of VistaJet said “This announcement is a further important milstone
for VistaJet. Russia
has always been a major market for VistaJet and the partnership wirth Dexter
allows us to now also build a physical presence inthis fast growing territory. Russia
epitomises the increase in founder-owned commodity and natural resource
companies, currently driving the rapid growth of luxury aviation in the
region.”

Flohr continued “VistaJet is
connecting entrepreneurs with their next major project, their next business
partner. Entrepreneurs cannot afford to spend up to two days flying
commercially between remote locations eithr underserved by commercial airlines
or from where direct routes to other jey business locations do not exist. With
our modern, state of the art long haul fleet, VisitaJet is directly connecting
locations such as Russia and
Africa in up to a third of the time and in
style.”

“Our Russian customers, many
of whom run major global enterprises and are extremely discerning, have always
admired our personalised, luxury service. This agreement will allow us to fly
them further and more often within their home country,” said Flohr.

Sergey V. Generalov, founder
and major shareholder of Fesco/Industrial Investors, commented: “We are
delighted to be partnering with VistaJet in a move which will complement and
extend our exisiting operations. We have established Dexter in a short period
as Russia’s preffered air
taxi service and our highly discerning clientele will appriciate the luxury and
service VistaJet will bring to their longer haul flights both with Russia
and internationally.”

Mats Leander, co-chairman of
the advisory board of VistaJet said: “This agreement is a win win for both
companies. VistaJet will soon be flying point to point with Russia for the benefit of its customers whilst
Dexter’s customers now have the ideal solution to their long haul requirement
both in and out of Russia.”

Ian Moore, chief commercial
officer commented: “No one else in the private business aviation sector is
taking delivery of brand new aircraft at the rate we are, nor is anyone more
committed to maintaining the youngest fleet in the skies. It is a bold step and
another example of our commitment to providing a unique customer experience.”

Thomas Flohr concluded: “Russia
has long been a priority market for us, one where we are seeing significant
levels of demand for our luxury aviation services. With the agreement we have
announced today, we now have the opportunity to build on our already leading
presence in Russia and
significantly extend our service coverage across the country and the wider
region of Siberia/Asia and ultimately China.”

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