Bank of America, UBS, and UniCredit are working with Vista Global on a potential 2027 IPO for the private jet company per Bloomberg.
Bloomberg reports that the parent company of private jet providers VistaJet and XO is considering an IPO as early as 2027.
In an article bylined by four separate reporters, it said the IPO could value Vista Global at “more than $10 billion.”
Bank of America Corp., UBS Group AG, and UniCredit SpA are working with Vista Global, according to the report.
Zurich and Milan are being considered for the listing.
Previous IPO reports for Vista Global have not panned out yet, including a Bloomberg report in February 2025.
A possible IPO, also reported by Bloomberg in 2021, didn’t materialize.
In April, financial website 9fin linked Bank of America to an IPO for the VistaJet, XO owner, sometime in 2026.
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.
9fin 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 in 2025, 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.
Today’s Bloomberg report said the IPO “could raise more than $1 billion, insinuating a limited float.
Founder Thomas Flohr has previously said he intends to maintain his majority stake in the company.
Vista Global ranks as the third-largest U.S. private jet operator based on charter and fractional flight hours.
Vista did not immediately respond to a request for comments.
Bloomberg noted none of the financial institutions it linked to the IPO responded.
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