Vista Global could IPO this year, per a 9fin report, which says the VistaJet, XO parent, recently secured $215 million via Bank of America.
Financial website 9fin reports that VistaJet and XO parent, Vista Global, is considering an IPO.
9fin says the leading private jet flight provider is “working with bankers to explore the possibility of an IPO this year.”
The source, according to 9fin, is comments by Vista Global executives during a recent call with investors.
9fin has been a previously reliable source of financial news about both Vista and Flexjet.
However, other reports of a possible IPO in 2021 and last year didn’t materialize.
9fin wrote:
‘Company executives made those remarks to lenders during a recent earnings call, which helped drive a rally in the debt issued by the privately owned jet charter company, said the sources. VistaJet’s 6.375% (super upside notes) due 2030 was spotted at 93.359 on Thursday (9 April), climbing around seven points from its recent low of around 86 in late March, according to 9fin data. Meanwhile, its 9.5% SUNs due 2028 were indicated at 100.76 today, up more than three points from the lows.’
9fin also reported that Vista Global raised debt funding via Bank of America in February of this year.
Bank of America priced “a $215 million add-on to its existing $700 million (Term Loan B) due 2031.”
That same month, VistaJet placed a firm order for 40 Challenger 3500s with options for 120 more.
The website quoted an unnamed source saying, “An IPO would have a significant impact on VistaJet’s balance sheet, and would represent a ‘blessing’ of the company’s business model by equity investors.”
It completed a pair of financial deals last year, totaling $1.3 billion.
On March 28, 2025, Vista closed a $600 million equity investment.
Singapore-based RRJ Capital led that investment.
Proceeds were used in part to repay existing secured debt.
On April 1, 2025, it closed a $700 million Senior Secured Term Loan B due 2031.
Founder Thomas Flohr remains the controlling shareholder.
This past February, bond rating agency KBRA said it was discontinuing public coverage of Vista.
It had reaffirmed its BB- issuer rating with a stable outlook
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In January, Vista sold its interest in U.S. charter and management operator Talon Air.
Last year, it sold its Citation X fleet to Jet Excellence, following its 2024 exit from its U.S. light jet fleet.
It also sold its by-the-seat shuttle business to Slate Aviation.
In 2024, Vista exited the U.S. light jet fleet it acquired from Red Wing.
Following its 2018 acquisition of XOJet, Vista has made several acquisitions, including operators Jet Edge, Air Hamburg, Talon Air, and Red Wing, and brokers JetSmarter, Apollo Jets, and Camber.
More recently, Vista has seemingly focused on its pre-2018 segment of super-mid and ultra-long-range private jets targeting the high-end global traveler, while turning its XO brokerage towards an instant-booking charter marketplace.
Vista did not immediately respond to a request for comment.
Read the 9fin report.
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