Vista Global says U.S. flights increased 41%, powered by new aircraft and its acquisition of Jet Edge
Buoyed by its acquisitions of Jet Edge and Air Hamburg and new aircraft deliveries, Dubai-based Vista Global Holding said revenues increased by 50% in 2022.
While privately held Vista doesn’t publish sales figures, Fitch tabbed 2021 revenues at $1.6 billion.
VistaJet and XO
According to the release, the Dubai-based private jet flight provider realized “strong membership growth of subscription services around the world through market-leading VistaJet and XO brands, especially across Program membership with gross annual hours sold up 74% year-over-year and showing a run-rate at over three pre-COVID levels.”
Program members buy at least 50 hours per year with a three-year commitment.
Overall sales grew by 50%.
Worldwide flight numbers increased by 28% compared to 2021.
The U.S. saw a 41% increase in the number of flights during 2022, with Asia up 69%, followed by Europe with 29% growth and the Middle East clocking a 22% increase.
New York, followed by London and Paris, was the company’s top three markets based on flights.
Thomas Flohr: ‘Strong performance’
Vista Global Founder and Chairman commented, “Our strong performance is supported by a significant expansion of our fleet in 2022 to support our commitment of providing the best value to our clients. The landmark acquisitions of both Air Hamburg — the largest private jet operator in Europe by number of flights — and Jet Edge — the leading U.S. provider of large cabin and super-midsize charter and management services — significantly expanded our scale in the U.S., Europe, and the Middle East, further cementing our leading global position. We also expanded our industry-leading Global 7500 fleet to 18. While our acquisition of Camber Technologies augments the Group’s existing technology capabilities to help further automate fleet scheduling, booking, and sourcing.”
The additions of Air Hamburg and Jet Edge, deliveries of new aircraft, and preowned aircraft acquisitions added a net 117 private jets to the Vista fleet giving it 360 aircraft.
Flohr also announced an investment in Dufour Aerospace to support the development of sustainable aviation technologies and air mobility solutions with their tilt-wing VTOL and eVTOL technologies.
Vista Global fleet refurbishment
The release said Vista is continuing its refurbishment program across the fleet, including the adoption of KU or KA band WiFi on board all aircraft.
Progress has been slowed by supply chain and labor issues.
Flohr added, “Our 2022 results clearly show that Vista is the go-to solution for new and existing members who are increasingly turning to asset-free offerings. We have hugely invested in our global infrastructure, ensuring our clients have the best aircraft available across every corner of the world, backed by the latest technology.”