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Sun, May 26, 2013

VistaJet And JSSI Reach 'Historic' Deal

Vistajet Enrolls Fleet Of New Global 5000, Global 6000 Aircraft Engines And APUs Onto JSSI Hourly Cost Maintenance Programs

VistaJet International and Jet Support Services, Inc. (JSSI) have agreed to a record-setting enrollment of 50 Bombardier Global 5000 and Global 6000 aircraft onto JSSI's Platinum Engine and APU hourly cost maintenance programs. The long-term agreement is valued at over $205 million US based on JSSI 2013 list prices. The aircraft are part of VistaJet's largest order in aviation history placed in November 2012.

"Having our Engines and APUs on a JSSI maintenance program is critical to the VistaJet business model," commented Thomas Flohr, Founder and Chairman of VistaJet. "In addition to providing budget stability, JSSI adds another dimension of service to the standard maintenance program. We currently have 2 Global aircraft and our AugustaWestland Helicopter enrolled with JSSI, and are delighted to increase our business with them as our worldwide fleet continues to grow. This agreement demonstrates the continuation of VistaJet's Think Global strategy and its commitment to provide non-stop point-to-point global coverage with guaranteed availability."

"This is the largest single enrollment for any hourly cost maintenance program that we are aware of," stated Neil Book, President and Chief Executive Officer for JSSI. "We are proud of VistaJet's confidence in us and excited to be working with the extremely innovative and successful VistaJet International. The JSSI team shares their passion for business aviation and the global vision that Mr. Flohr and his VistaJet team exemplify.  We look forward to a long and fruitful relationship for years to come," added Mr. Book. 

In late November 2012, VistaJet, the world's luxury aviation company, announced the largest single transaction in business aviation history: 56 firm orders for Bombardier Global Jets and options for an additional 86 Global aircraft. The transaction was valued at more than $7.8 billion US, and deliveries will commence in 2014.

JSSI's Platinum Engine Program for the Rolls-Royce BR710A2-20 engines that power the Global 5000 and Global 6000 aircraft offers an all-inclusive, hourly cost maintenance program that drives down maintenance costs, provides budget stability and adds peace of mind. JSSI Platinum provides comprehensive coverage for both scheduled and unscheduled maintenance, rental engines, supplemental lift, engine removal and replacement (R&R) and shipping. Coverage for scheduled repair and replacement of Life Limited Parts, as well as routine inspections, may also be added. The JSSI APU Program for the Honeywell RE220 will cover scheduled and unscheduled events for VistaJet's APUs, as well as Life Limited Components. Unlike other APU programs, there is no buy-in requirement and just one easy annual payment.



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