European business aviation specialist VistaJet has announced plans to move its corporate headquarters from Baar, Switzerland to Malta International, as it prepares for the next phase of its growth.

Having opened an operations centre on the island in 2013, the firm says this move will see its operations, finance and European customer service teams being brought together under one roof thus increasing efficiency and interaction.

"Centralizing our European business functions and moving our Global Group Headquarters to Malta will enable the Company to thrive and deliver even more efficiency for our global customer base," founder and chairman Thomas Flohr said to mark the event.

VistaJet has registered USD1.8 billion worth of business jet aircraft on the Maltese registry under its VistaJet (Malta) (VJT, Malta International) unit and is the biggest aircraft operator in the country.