Bloomberg is reporting that VistaJet, XO Global owner Dubai-based Vista Global Holding is in talks to go public via a SPAC that could value the private aviation company at more than $10 billion
Hours after, KKR said it would put $150 million behind Jet Edge to target NetJets, and as Wheels Up finalizes its SPAC merger with Aspirational Consumer Lifestyle, there is another potential M&A in the private aviation sector. Bloomberg reports that Dubai-based Vista Global Holding may go public via a special purpose acquisition company.
Speaking to Arabian Business, VistaJet and XO boss Thomas Flohr believes he can get more flight hours out of his current and future private jet fleet
Thomas Flohr, the chairman and founder of Dubai-based Vista Global Holding, says there is a lot of room to grow – in his own fleet.
Vista Global has officially added broker Apollo Jets to its XO unit. It also adds a minority stake in charter operator and management company Talon Air
Vista Global has added over $100 million in private jet charter sales and 36 aircraft to its portfolio. Its deal to acquire broker Apollo Jets and a minority interest in the management company and charter operator Talon Air recently closed, a spokesperson confirmed to Private Jet Card Comparisons.
XO and VistaJet parent Vista Global Holding is acquiring on-demand private jet charter broker Apollo Jets and Part 135 operator Talon Air
Talon Air is the 14th largest charter operator in the U.S. It expands Vista Global into aircraft management
In 2018, it bought XOJET. JetSmarter came in 2019. Last year Dubai-based holding company Vista Global Holding snapped up Red Wing Aviation. Now the parent of VistaJet is acquiring on-demand charter broker Apollo Jets. It is also gaining 49% of Apollo’s 70% interest in Part 135 operator and management company Talon Air. The latter is the 14th largest U.S. charter operator based on flight hours, according to Argus TRAQPak.