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Also helping the private flying operator is a reset in the image of the U.S. luxury aviation industry. The business jets business took a downturn after auto executives took them to Washington to ask for bailout money at the height of 2009's financial crisis, but Flohr says the impact is fading.
"The question corporations need to ask is whether they want to invest in a $55-60 million airplane, put it on their balance sheet and leave it there to occasionally fly their executives. That is where we come in," he said. "It is significantly less expensive to take a solution from VistaJet [...because] we offer a service where you don't need to have any capital invested. Your capital should be in your business."
This is also why VistaJet is insulated from the marked slowdown in Russia.
Stung by a dramatic fall in oil prices and Western sanctions imposed over the annexation of Crimea and Moscow's ongoing support for separatists in eastern Ukraine, Russia's economy expanded 0.6 percent last year, less than half of the 1.3 percent in 2013, and marking its slowest pace of growth since 2009. However in 2014, VistaJet posted its best ever performance in the Russian market.
"Some people have concerns about doing business in Russia. During a downturn, people shy away from buying aircrafts, but they still need to fly [and] run their business and that drives them to us." the Switzerland-born businessman said.
Solely owned by Flohr, VistaJet does not issue detailed profit figures. The privately-held firm, which has flown 150,000 passengers on 70,000 flights since its launch, saw a 30 percent growth in topline last year, on top of a 30 percent rise in 2013 revenue, the chairman told CNBC.
— Reporting by Christine Tan | Written by See Kit Tang