VistaJet, a Swiss broker that owns its plans is in talks with bankers over a potential sale of the business which could fetch up to $900 million, according to Reuters.
“Bombardier last year sold FlexJet for $195 million in a deal estimated by analysts to be worth between 8 and 9 times core earnings (EBITDA).
VistaJet has core earnings of around $100 million, one of the sources said, giving a deal value of up to $900 million at those multiples.”
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