Moody’s pegs Vista Global, parent of XO, XOJET Aviation, and VistaJet on review for a possible downgrade while Fitch revises its outlook to stable
Last week, Moody’s Investors Service placed the ratings of Vista Global Holding Ltd. and VistaJet Malta Finance P.L.C. on review for downgrade. The outlook on both entities has been changed to ratings under review from stable. Then yesterday, Fitch Ratings revised its outlook on its long-term Issuer Default Rating (IDR) to stable from negative and affirmed the IDR at ‘B.’
Fitch has also affirmed the senior unsecured rating on the outstanding $550 million 10.5% notes due 2024 issued by XO Management Holding, Inc. and VistaJet Malta Finance PLC at ‘B+’/RR3. The bonds are guaranteed by Vista and XO Group Holding Limited and VistaJet Group Holding Limited (VistaJet) and their main subsidiaries.
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VistaJet’s Matteo Atti says access for customers via partnerships with luxury travel agents, sports stars and cultural icons can expand the private aviation market
It’s not just about waiting for customers to call when they have a need to go someplace.
During a VBACE panel on industry trends, Matteo Atti, the executive vice president in charge of marketing and innovation at VistaJet, said there’s an opportunity to broaden how it serves current and potential customers.
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VistaJet recently launched a program allowing clients to pay after they fly. A Bloomberg report suggests the private jet charter company will accept your house as payment
In addition to its fleet of silver bullet Bombardier Globals with distinctive red cheat lines that can be seen at airports from New York, London, and Geneva to Aspen, Bali, and countries whose capitals you probably can’t name for, say $21,6 million, VistaJet is known for its unabashed approach to the ultra-high net worth lifestyle and innovative marketing programs.
Continue reading “Did a VistaJet client pay for private jet flights with a $21.6 million house?”
Global private jet operator VistaJet says it has seen a 49% increase jump in interest from companies during the COVID-19 pandemic
Six months after launching VistaJet Dynamic Lease, the global private jet charter operator is betting on a business travel rebound. Its new Dynamic Corporate Membership, announced this morning, is a suite of services and policies customized for your company’s needs.
The two programs seek to send a clear message to CFOs and directors of aviation. Known for luxe cabin interiors, designer-uniformed cabin hostesses, gourmet menus, and VIP offerings for kids and even pets, VistaJet is not just for UHNWs and the board chairperson.
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