Association of private jet brokers IADA reports 54 used aircraft transactions so far in March despite the Covid-19 Coronavirus crisis
Members of the International Aircraft Dealers Association (IADA) said members completed 54 transactions between for the month as of March 20th. Additionally, there are over 120 aircraft, under contract, subject to closing.
The news comes as the Covid-19 Coronavirus pandemic is playing havoc on the world stock markets with demand for travel in general plummeting.
After buying XOJET and then JetSmarter, last year Vista Global Holdings merged the two companies to create XO. Newly appointed chief commercial officer Ron Silverman talks about what’s next…
Recently, Vista Global Holdings (VCH) moved its president of client experiences, Ron Silverman, to its XO unit as the chief commercial officer. A veteran of both Executive Jet Management and Wheels Up, Silverman joined VistaJet in 2014 to lead its launch into the North American market.
Our 3.5-hour billing cap on super-midsize aircraft is a phenomenal value and great opportunity for anyone traveling cross country. On a Citation X, it’s $31,625, including taxi time, with guaranteed availability.
Ron Silverman, chief commercial officer, XO
Now following VCH’s acquisition of XOJET and JetSmarter, and rebranding the combined duo as XO, chairman Thomas Flohr is promising an expansion of the brand to Europe, plus a range of new programs.
Jet Edge’s deal for JetSelect brings an 85 strong fleet mainly focused on large-cabin and super-midsize private jets
The merger may mean better terms for large cabin and super-midsize jet card offerings
The old year ended with Delta Air Lines announcing it was merging Delta Private Jets into Wheels Up. When the deal closes, it becomes Wheels Up’s largest shareholder creating a fleet of over 180 aircraft, mainly King Air, light and midsize aircraft.
The new year begins with Jet Edge International, a major player in large-cabin private jets, acquiring JetSelect Aviation. The deal creates a fleet of 85 aircraft.
Last February, Jet Edge announced it had raised $60 million to fund expansion and acquisitions.