Luxury charter operator VistaJet wants to be carbon neutral 25 years ahead of the industry’s goal to reduce carbon emissions by 50% in 2050
VistaJet said it is committed to carbon neutrality by 2025. At the same time, it is calling the industry to go further than the current goal of a 50% reduction of emissions by 2050. That objective has been set by civil aviation industry bodies, IATA, and the global business aviation community.
Vista Global has officially added broker Apollo Jets to its XO unit. It also adds a minority stake in charter operator and management company Talon Air
Vista Global has added over $100 million in private jet charter sales and 36 aircraft to its portfolio. Its deal to acquire broker Apollo Jets and a minority interest in the management company and charter operator Talon Air recently closed, a spokesperson confirmed to Private Jet Card Comparisons.
XO and VistaJet parent Vista Global Holding is acquiring on-demand private jet charter broker Apollo Jets and Part 135 operator Talon Air
Talon Air is the 14th largest charter operator in the U.S. It expands Vista Global into aircraft management
In 2018, it bought XOJET. JetSmarter came in 2019. Last year Dubai-based holding company Vista Global Holding snapped up Red Wing Aviation. Now the parent of VistaJet is acquiring on-demand charter broker Apollo Jets. It is also gaining 49% of Apollo’s 70% interest in Part 135 operator and management company Talon Air. The latter is the 14th largest U.S. charter operator based on flight hours, according to Argus TRAQPak.
Despite consolidation, the 25 largest Part 135 and 91K operators account for only 25% of the U.S. private jet market
Why you won’t find Wheels Up when you look at lists of private aviation operators
Sizing the U.S. private jet market between Part 91, Part 91K fractional and Part 135 charter operators
8 of the 10 largest companies are led by the founder or family member
Here’s a big difference between the private jet market and the airlines. Just 10 airlines account for 90% of the domestic market for scheduled passenger traffic. Four companies – Delta Airlines, American Airlines, United Airlines, and Southwest Airlines – are responsible for two-thirds of U.S. flights.
Despite consolidation, business aviation remains fragmented. An analysis by Private Jet Card Comparisons of various reports from Argus TRAQPak and other data shows the 25 largest operators of charter and fractional fleets together account for just 25% of all U.S. flying.