Vista Global closes acquisition of JetSmarter

JetSmarter

The Dubai-based owner of VistaJet and XOJET says it has closed on its acquisition of JetSmarter

Less than two months after announcing plans to buy JetSmarter, a spokesperson for Vista Global confirmed to Private Jet Card Comparisons that the deal has closed.

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

XOJET adds The Resort at Paws Up as its newest brand partner

XOJET

The jet card and charter operator continues its expansion of luxury partners with its first addition since being acquired by Vista Global

XOJET, which operates a fleet of super-midsize private jets and has a $100 million dollar charter brokerage, including off-fleet midsize and light jet card memberships, has added The Resort at Paws Up. The move continues its focus on adding value for Preferred Access and Elite Access jet card members via luxury and lifestyle partnerships.

Battling NetJets: Is Flexjet readying a billion dollar order from Gulfstream?

Gulfstream G650 charter

Flexjet is already a significant Gulfstream operator and has been ramping up its expansion plans for Europe

A report last Friday by Corporate Jet Investor (CJI) speculated that Flexjet might be readying a billion-dollar order with Gulfstream. The item came after Phebe Novakovic, CEO of General Dynamics, parent of the business jet manufacturer, told analysts the division was working on a big deal and it was with an existing customer.