November 22, 2024
Vista Global reported double-digit growth in the first half of 2022.
The leading private jet provider said it generated 43% year-on-year growth across its combined subscription member base.
Sales across VistaJet’s Program, its version of a jet card, reached all-time highs.
It saw a 25% increase in VistaJet members, driving 76% growth in gross Program hours sold during H1 2022 year-on-year. That’s 27% higher than the pre-pandemic full year of 2019.
The number of XO’s deposit members also continued increasing by 33% against the same time last year.
Jet Edge, acquired in May, added 400 unique members through the brand’s Reserve program.
With deposit levels of $100,000 to $500,000, that implies sales of up to $200,000 million.
Last year Jet Edge said it surpassed the $100 million mark in Reserve sales.
On the fleet side, the acquisitions of Jet Edge and Air Hamburg and buying new and used jets have increased Vista Global’s fleet to over 350 private jets from around 200 tails at the end of 2021.
VistaJet now counts a dozen Bombardier Global 7500s, which is expected to grow to at least 17 by year’s end.
In a press release, Vista Global said it had spent over $4 billion on “fleet expansion” during the past decade.
As part of its U.S. push, North American clients now account for about 50% of VistaJet’s Program revenues, according to the company.
At the same time, European flight activity and revenue for VistaJet more than doubled during H1 2022. Asia saw a 77% year-on-year increase, while Middle East sales ticked up 60% compared to 2021.
“It has been an impressive start to 2022 for Vista as we continue to grow across all markets globally, particularly in the United States. As business aviation remains robust, we have seen huge demand as clients turn to Vista for their flying needs,” said Chairman and Founder Thomas Flohr.
He noted, “Contract sizes continue to grow as clients add hours to fulfill their flying requirements around the world. Vista’s trusted brands, shared economy model, asset-light offerings away from full or fractional ownership, and proprietary technology create superior client value and elevated end-to-end experience.”
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