New names for the VistaJet board

Philippe Bruggisser has been appointed CEO with effect from 1 August 2009. Philippe has over thirty years of aviation industry experience and was formerly COO of Swissair and latterly President of the airline’s holding company.

Scott Plumb joins VistaJet as Chief Commercial Officer. Scott has over twenty years of aerospace sales and marketing management experience gained in a variety of roles at Gulfstream Aerospace, where he was Division Vice President, North American Sales until January 2009, Airbus Industrie and British Aerospace.

John W Boo is appointed a non-executive Director. John, who is the Chief Executive Officer of Comprendium, a leading structured asset finance provider, was previously at Citigroup where he held various leadership positions in the investment bank’s Financial Institutions Group in New York. John will have oversight responsibility for all of VistaJet’s Finance and M&A activities.
 
Thomas Flohr, founder and Chairman of VistaJet, said, "We have achieved a great deal in a very short period.  We will now have the breadth and depth of management to take the business through the next stage of the Company’s exciting development.  It is testimony to what we have built at VistaJet that we are able to attract some of the best talent in the industry to our company and to build a management team of such outstanding quality.”
 
Meanwhile, VistaJet has seen a continued progression following on from its first quarter’s successful performance when revenues were up 25% over the prior year. Flohr said  “We are continuing to trade very strongly.  In fact, May was our best month ever. We are seeing that our innovative approach to changing industry standards is continuing to attract customers looking for more luxury, guaranteed availability and better value."