VistaJet private aviation company with the largest wholly owned commercial fleet outside the Americas, announced last month that a significant proportion of its $1.2 billion order of Bombardier aircraft is being assigned to the Middle East.
The company expects the Middle East to be one of its fastest growth markets and has appointed Dr Elias Maroun as executive vice president sales and marketing, Middle East. Elias, previously with NetJets in the Middle East, will be responsible for spearheading VistaJet’s commercial growth in the region.
VistaJet believes the time is right to be further strengthening the Middle East market and expects to achieve market growth of 10 per cent in the next three years.
Thomas Flohr, chairman and founder of VistaJet said, “Elias is a senior industry figure and brings a wealth of regional knowledge. I am delighted to welcome him to the management team. The Middle East private aviation market has untapped potential and VistaJet’s unique business model is attracting attention. Customers are looking for private aviation ownership, but without having the ongoing costs associated with owning their own aircraft.”