Vista Global’s XO is the latest jet card and membership provider to join the International Aircraft Dealers Association
Leading private aviation provider XO Global has gained accreditation as a member of the International Aircraft Dealers Association (IADA).
“XO’s unique offerings can provide IADA members with the ability to leverage the resources of XO while helping its members to find new aircraft buyers and to provide supplementary access to aircraft between transactions,” said Lynn Fischer, Chief Marketing Officer at XO.
XO’s goal is to “structure a turnkey program with IADA to safeguard its members’ assets while enhancing the benefits of aircraft ownership,” according to a press release.
In 2021, XO executed 34 buying and selling transactions of preowned aircraft. The announcement from IADA said parent Vista Global plans to continue fleet expansion via the acquisition of new and used private jets.
VistaJet is adding 23 new Bombardier Global 7500s and Challenger 350s. Red Wing Aviation has been building its used fleet of Citation light and midsize jets.
“The IADA board of directors extends a wholehearted welcome to XO into the world’s only organization of accredited dealers and certified brokers,” said IADA Executive Director Wayne Starling. “Our members look forward to continuing their relationships with this outstanding company of professionals.”
When one private jet is not enough
Wheels Up, which formed a whole aircraft brokerage unit in 2020, joined IADA with a similar objective. That is to work with other IADA dealers providing supplemental lift and private jet management services.
Jet owners often need additional private aviation solutions beyond their own aircraft. In some cases, jet cards and memberships are instead of adding an extra airplane. In other cases, they are for different missions or between selling an old aircraft and the arrival of a new jet. Memberships also provide a stop-gap due to pilot shortages.
Last July, XO launched a branded aircraft management arm following its acquisition of Talon Air.
Northern Jet Management and Leviate Air Group, which both have jet card programs, recently joined IADA as well.