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 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.
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.
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.