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.
In an interview with CNBC, he said the new $72 million
private jet will be a “game changer”
Flying farther, faster and higher, staying above the
weather, Vista Global chairman Thomas Flohr told CNBC yesterday he expects the
new Bombardier Global 7500 to be a game changer.
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 (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.
A new Chairman’s Menu is being rolled out to help underscore that for a segment of the market private jet travel is not a commodity
Aldo Gucci of the famed fashion house once said, “The quality is remembered long after price is forgotten,” a phrase also attributed to Sir Frederick Henry Royce, co-founder of Rolls-Royce. The carmaker is also credited with the lesser known, “Take the best that exists and make it better. When it does not exist, design it. Accept nothing right or good enough.” Either would have fit in nicely at VistaJet, the global private jet operator which has carved a niche by targeting customers who want more than just a private jet.