A Bloomberg report shows how tracking your private jet by tail number can make it easy for competitors, spouses, and media to gain intelligence about your not so private flights. What should you do?
“The technology to track these aircraft is cheap and widely available” – David White, vice president of business development at Cirium
Among the many reasons private jets make sense for companies and high net worth individual, you can exclude keeping your travels private, at least if you own a private jet. And forget blocking. It is about to become much more difficult.
The ability to track tail numbers back to the owning company or individual can tip off competitors about possible mergers and acquisition activity you are pursuing. Tracking can also be used by spouses trying to suss out if their partner is having an affair. It is often used by reporters researching stories as well.
For example, Bloomberg this week reported, “In April, a stock research firm told clients that a Gulfstream V owned by Houston-based Occidental Petroleum Corp. had been spotted at an Omaha airport. The immediate speculation was that Occidental executives were negotiating with Buffett’s Berkshire Hathaway Inc. to get financial help in their $38 billion offer for rival Anadarko Petroleum Corp. Two days later, Buffett announced a $10 billion investment in Occidental.”
FlyXO.com is the new website that combines the two Vista Global acquisitions into a new single platform
“…a new company, new brand, new products…” – Thomas Flohr, chairman
Vista Global has merged its recently acquired XOJET and JetSmarter brands into something it is calling XO, powered by JetSmarter technology, and something it is saying is “the beginning of a new world, with instant booking and worldwide access for on-demand customers.”
Visitors to both the XOJET.com and JetSmarter.com websites as of this morning are redirected to a new FlyXO.com URL.
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.
Jet cards make flying privately even easier. Here’s how a jet card can give you more summer vacation!
One of the benefits of private jet travel is it makes every weekend a long weekend, which can make those summer getaways even more fun, memorable and frequent.