VistaJet, XOJET report 2018 results

The two subsidiaries of Vista Global posted significant gains in memberships and flying last year

In separate press releases, private jet operators VistaJet and XOJET released results from 2018. VistaJet said the figures are preliminary and subject to change after auditing. Both are now part of Vista Global, a Dubai-based holding company which served as a vehicle to buy XOJET last September.

VistaJet total flights increased by 25% globally, and by 46% in North America in 2018. In Europe, the number of new Program customers grew by 105%. Aircraft utilization was up by 20%. XOJET said it achieved 8% growth in total revenues and 17% increase in revenues from its charter brokerage. Combined, the two companies own and operate 116 super midsize, large and long-range private jets.

VistaJet said new contracts of its Program membership, its version of a jet card, grew by 31% in 2018. The number of flights increased by 25%. As demand for longer flights and comfort continues to increase across the industry, VistaJet’s utilization grew by 20% across its fleet of over 70 aircraft.

Regionally, Europe proved a significant market for corporate and individuals flying privately, accounting for 48% of total VistaJet flights in 2018. New Program members grew by 105% in the region, with the majority of growth coming from clients based in the UK which doubled its new contracts.

VistaJet North America private jet flights increase 46%

North America remained a key growth driver for VistaJet and accounted for the largest increase in flights in 2018, with a rise of 46%. To cater for the growing demand from customers in the region, 21% of VistaJet’s fleet at any given time is in the market, with the Global 5000 fleet flying more than the Challenger aircraft during the year.

VistaJet said while the Middle East experienced weakness, flights jumped by 38% and passengers by 24%. The UAE accounted for the majority of flights in the region at 29%, and the number of flight hours at 34%.

will open a larger sales office Dubai early in 2019, it said. Flights in Asia increased 26% by Singapore with 71% growth in the number of flights to and from the country.

XOJET Access Solutions reaches 1,000 members

From the XOJET side, it said Access Solutions, its jet card product, reached over 1,000 total members across its three programs: XOJET Select Access for occasional flyers, XOJET Preferred Access for flyers with more than 25 hours of travel each year, and XOJET Elite Access for frequent flyers who are looking for guaranteed rates and availability. Additionally, XOJET added two Citation X aircraft bringing its fleet 43 aircraft while growing its Preferred Partner Network fleet by 13% with over 1,500  safety qualified aircraft.

VistaJet, XOJET launch new UHNW luxury programming

Both company’s were active in the expanding lifestyle programs. VistaJet rolled out high-end experiential program for children, in-flight dining and wine tastings while XOJET added to its roster of partners with Monticello Motor Club, Hertz, Onefinestay, Private Medical, Fairchild/Stones Wines, Peter Millar, Sea Island, Pebble Beach, Pinehurst and Shipsticks/Shipskis.

“After another banner year as a leading provider of asset-lite, private aviation solutions in the North American Market, we are looking forward to future growth and expansion as part of Vista Global,” said James Henderson, president of commercial operations, XOJET. 

Separately, Vista Global founder and chairman Thomas Flohr said, “2018 was a further milestone year for VistaJet. Despite increasing economic and geopolitical headwinds, we anticipate resilience across our customer base for 2019. As the world’s largest wealth region with over 34% of the globe’s UHNWI, we foresee the greatest growth opportunity to continue in the US. Now as part of Vista Global, VistaJet will be supported by XOJET to further service this strong market. I firmly believe that VistaJet and Vista Global will continue to revolutionize the aviation industry by providing a better alternative to aircraft ownership in this globalized and shared economy, and will unlock long term growth for our business and customers.”

About the Author Doug Gollan

I am Founder and Editor of Private Jet Card Comparisons, the only independent buyer's guide to jet card membership programs, and DG Amazing Experiences, a weekly luxury travel e-newsletter for private jet owners. I am also a contributor to Forbes.com
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