VistaJet, XO parent Vista Global sells $500 million bond; revenues hit $2.5 billion

Corporate Jet Investor reports Vista Global’s bonds were oversubscribed with ‘strong interest from pension funds and other institutional investors’.

By Doug Gollan, May 11, 2023

Corporate Jet Investor reports Vista Global’s bonds were oversubscribed with ‘strong interest from pension funds and other institutional investors’

Dubai-based Vista Global, the parent of private jet flight provider brands VistaJet and XO, issued a $500 million five-year bond.

According to a Corporate Jet Investor report, funds will be used to repay existing debt.

The business publication said the bond has a 9.5% coupon. It was priced at 99.998, and the yield is 9.75% yield.

It also said there was “strong interest from pension funds and other institutional investors.”

Separately, CJI quoted a Moody’s report that Vista Global’s 2022 revenues spiked to $2.5 billion, up from $1.6 billion in 2021.

At the same time, debt rose to $4.9 billion from $2.5 billion.

Last year, Vista bought both Jet Edge and Air Hamburg.

Its U.S. operators rank it the fourth-largest U.S. player based on charter and fractional flight hours.

Yesterday, it announced Vista Global Trading.

Chief Business Officer Bill Papariella is leading the initiative.

The venture allows aircraft owners to sell their airplanes and get cash or a combination of cash and flight hours on the VistaJet fleet.

It also enables UHNW to enter ownership through the former Jet Edge AdvantEdge program, which is positioned against fractional ownership.

Vista’s XO unit was also busy announcing the expansion of its by-the-seat private jet shuttles with flights between New York and Aspen.

Related Articles

Visit DG Amazing Experiences

Find the perfect solution for your private aviation needs

Make the right decision

If you want a program-by-program comparison of more than 250 products from more than 50 companies covering 65 points of differentiation and over 40,000 data points.

Safety
Flexibility
Pricing
Aircraft
Stability