VistaJet has announced plans to double in size within four years as it targets expansion across BRINC (Brazil, India, Nigeria, China) countries and other fast-growing markets.
What it describes as the "second-phase" of its growth plan will see it offer more services in BRINC nations; West Africa; the Middle East; and CIS countries.
VistaJet said it is the largest international business aviation operator flying into a number of key Russian destinations. China and West Africa will be priorities for 2012, added the company.
Thomas Flohr, founder and chairman of VistaJet, said: "We have reached a major stage in our development and strategic expansion. We have the opportunity to build on our established position as the world's leading luxury aviation company, with the largest fleet of business jets outside of North America."
Increasing demand for long-haul routes has seen the company boost its Bombardier fleet to 30 aircraft - comprising Global 6000, Challenger 850 and 605, and Learjet 60XR types - with a further $2 billion on backlog, including a pair of Airbus ACJ319s.
The fleet will double by 2015 to 60 mid- and large-cabin types, VistaJet said.