Vista Global refinances with $550 million of senior unsecured bonds

VistaJet XOJET

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.

NetJets, Wheels Up, Jet Smarter and JetSuite compared

NetJets, Wheels Up, JetSuite, JetSmarter

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.

In terms of interest, Wheels Up (red) followed by NetJets (blue), JetSmarter (yellow) and JetSuite (green) are the most search private aviation companies. Source: Google Trends

VistaJet named official private jet provider of Scuderia Ferrari Mission Winnow

VistaJet cost

The global charter and jet card provider will get the team between races for the upcoming Formula One season

Global jet card and on-demand charter operator VistaJet said it has entereded a partnership with the hScuderia Ferrari Mission Winnow team as its official supplier of private jet travel.

Vista Global says consolidation, longer flights and lifestyle services will highlight private jet travel in 2019

VistaJet jet card customers increased 31% in 2018

Vista Global (parent of VistaJet and XOJET) founder and chairman Thomas Flohr offers his predictions for business aviation

Last year, VistaJet made news when it launched a Dubai-based holding company Vista Global and then weeks later announced the acquisition of XOJET, a large U.S.-based fleet operator and charter broker. At the same time, VistaJet has been solidifying its position at the top end of the global private jet card and charter market adding to its ferry free flying zones (now 95% of the globe) and top-end services for children, catering and oenophiles.

VistaJet parent Vista Global acquires XOJET’s fleet and commercial operations

Earlier this year XOJET put itself into play. Last week VistaJet launched a holding company with plans to expand. Voila, a deal!

 

Earlier this morning Thomas Flohr’s VistaJet announced it had reached an agreement to acquire XOJET via Vista Global, a Dubai based holding company formed earlier this month.  The deal covers XOJET’s business aviation fleet and commercial operations, and the release said XOJET’s regulated air carrier will continue to be independently operated in a joint venture under U.S. control and leadership, in accordance with U.S. Department of Transportation criteria. As first reported by Private Jet Card Comparisons, earlier this year XOJET hired Perella Weinberg Partners to explore its ongoing business options.