The owner of XOJET and VistaJet will use funds to pay debt due in 2020 and 2021
Debtwire is reporting VistaJet Malta Finance PLC and XO Management Holding Inc., units of Dubai-based Vista Global Holdings, successfully sold $550 million in senior unsecured bonds earlier this week. The news service, which covers the worldwide debt market, said Vista had to increase the coupon of the deal due to investor concerns about the cyclical nature of private aviation and UHNW spending during a downturn.
The broker of jet cards and on-demand charter is expanding its Russian presence
Air Charter Service, which has 25 offices worldwide, and sells on-demand charter and jet cards in the U.S. and Europe, said it has expanded its presence in Russia, moving into new offices in Moscow with nearly double the space as its previous presence.
The four most searched private aviation companies on Google are very different, although they also have some similarities
In the world of private aviation solutions – fractional ownership, leases, jet cards, memberships, seat sharing, semiprivate airlines, and so forth, four companies have generated the most interest, according to Google Trends. Surprisingly, perhaps, they are each quite different once you get past the fact that they all want to fly you somewhere.
Through the end of April, the former Skyjet Explorer pay-as-you-go
fixed rate jet card is being discounted to $5,000
Directional Aviation’s OneSky, which owns Flexjet and Sentient Jet, said it has merged its Skyjet brand into PrivateFly, which it had acquired last September. Skyjet was acquired by Directional in 2014 as part of Bombardier’s divestiture of its fractional share arm Flexjet. The Skyjet team is being merged into PrivateFly under Adam Twidell, the co-founder and CEO of PrivateFly.