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Personal Plane Service VistaJet Pays Up For Debt As Plunging Stocks Stoke Development Worries

Personal Plane Service VistaJet Pays Up For Debt As Plunging Stocks Stoke Development Worries

By Paula Seligson and Farhin Lilywala

Flying in a private jet has always been a badge of wide range and success, with proponents which range from Donald Trump to BeyoncГ© and Jay Z. However the website link between financial success and luxury travel is probably the facets that forced a charter air plane business to pay for significantly more than it expected for financial obligation capital this week.

VistaJet, established in 2004 by Swiss billionaire Thomas Flohr as an exclusive aircraft membership solution for business professionals and rich people, offered $550 million of senior unsecured bonds right now to refinance a few of its current financial obligation, after per week marketing process that is long.