November 22, 2024
The former Jet Edge CEO has left the company just months after it was announced he would head a new Vista Global Trading brokerage unit.
After being named to lead a new aircraft trading division in May, Bill Papariella has left Vista Global Holding.
Papariella joined Vista in 2022 after selling Jet Edge to the Dubai-based flight provider.
At the time, Jet Edge was the 8th-largest U.S. private jet operator based on fractional and charter flight hours.
Vista’s deal to buy Jet Edge was estimated at around $750 million.
Since 2018, Vista has bought XOJet, JetSmarter, Red Wing Aviation, Talon Air, Apollo Jets, Air Hamburg, and Camber, a digital charter broker.
Its flagship VistaJet brand was founded by Thomas Flohr, who is chairman, in 2004.
In May, Vista announced Papariella would lead Vista Global Trading, a new unit designed to “transform the buying and selling of assets within business aviation.”
When reached, Papariella confirmed that he had indeed left Vista.
However, he declined to comment on plans, except there will be a focus on a private investment vehicle for aircraft finance, brokerage, and leasing.
After Vista bought Jet Edge, Papariella was appointed Chief Business Officer.
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