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Exclusive: Switzerland's VistaJet reviews possible $900m sale with banks - sources

Published 07/14/2014, 10:52 AM
Updated 07/14/2014, 11:00 AM
Exclusive: Switzerland's VistaJet reviews possible $900m sale with banks - sources

By Freya Berry and Pamela Barbaglia LONDON (Reuters) - Swiss private aviation firm VistaJet is in talks with bankers over a potential sale of the business which could fetch up to $900 million, two financial sources said on Monday.

VistaJet, which is known for its distinctive silver aeroplanes and is wholly owned by founder Thomas Flohr, is close to appointing financial advisers and could start a sale process in September, one of the sources said.

© Reuters. A VistaJet Canadair CL-600-2B19 Challenger 850 aircraft is taxied at an airfield in Singapore

A spokeswoman for VistaJet said that Flohr has stated in many recent interviews that he has no plans to sell, and that for the time being the company is not for sale.

(Editing by Sophie Sassard)

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