Fox Business
Expand
Browse All Video
Watch Live

You're watching...

VistaJet’s Success in Connecting Emerging Markets

Details

  • Description

    Thomas Flohr on VistaJet

  • Duration 3:43
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

European private jet company Vista jet -- high -- of seven point eight billion dollar deal for 56 new.

I'm Marty it luxury aircraft with an option for 86 more and the company.

Is finding unparalleled success in emerging markets joining me now for -- -- on the road is Thomas.

Founder and chairman of -- jets and he joins us now from London's -- welcome were big deal for your company but what you're finding his business travelers wanna go straight from China.

To Africa is that correct.

That -- good good evening -- you.

That's exactly correct we see very strong demand full point to point transportation around the globe.

It's really be emerging markets.

Which need to be connected so we see growth from Africa to China Russia to the Middle East and so on and so forth.

That's it relates to US companies they have overseas called for a corporations and and ventures and that's what we're serving -- well.

-- also one of the first western companies to get a license.

Out of Russia and and you're saying that Russia is actually exploding market for you for these luxury.

Private jets in -- a Barney -- are expensive aircraft are nice aircraft.

And you bottom flat out.

Yet we only the -- we made this is aviation simple.

We don't -- people to buy a fraction of an aircraft pub we have been told them we -- and we offer simple hourly rate for our clients.

We would sit down with them you know find out how many hours a year they need to.

And then we tailor -- program to them as a three page contract and would they here they go they fly as it relates to Russia.

But we -- the only Wesson company is offering west and build aircraft.

To fly within Russia Russia -- -- -- country as we all know from Moscow to bloody Moscow that's and I now flights so was.

That was a very important milestone in the in the history of the company.

I -- the aircraft structure very nice because there what it is affected by million dollar plane correct.

That yeah that's correct.

We have a policy of only flying -- new aircraft.

That something the emerging markets are really appreciating.

Because there that -- -- these industry was really to deploy twenty year old aircraft.

In markets like after com or or essential far East Asia and what -- -- -- Vissicchio that is those other moving markets they should be brand new aircraft.

Rather an old ones.

The US flying I mean you know what I'm -- in -- -- -- New York -- you are doing.

Of flights it to New York to Los Angeles the plug your Russian client your Chinese clients has cracked -- do -- presence in the United States.

Of course we fly all of our international lines into the US and we're picking up the US lines flying them internationally and on public that as explained earlier.

There's a lot of business for US corporations.

Who do not necessarily want to take their own -- into Africa -- to Russia.

Into China Middle East etc.

and they would use our services over here.

All right what is next three I mean these are fifteen passenger aircraft and certainly what this.

Multi billion dollar order that you just made are you gonna look to maybe expand maybe get larger jets -- go to 720 sevens anything larger.

We feel that the global express is -- -- sweet spot for long range international travel you do need 1213 hours range.

And with the soon to -- global 7008000.

That easily gets you anywhere point to point on the on the earth.

On the planet without any stop so while we believe that the top end of the market like Airbus -- Boeing is not a a scalable market.

-- business model lives of the exact same aircraft model fall our clients and that's with a global express are supposed to purpose.

All right it is a quarter -- an existing minutes we got stocks down the -- watching and IBM spin off from alone while ago.

Load More