The XOJET acquisition by Vista Global is a done deal, although Bloomberg reports its financing faced several hiccups on the way
Dubai-based Vista Global’s September announcement that it had reached an agreement to acquire XOJET has closed and has landed safely, but a report by Bloomberg suggests that some of the financings were hit by market turbulence. The acquisition dramatically increases Vista Global’s penetration of the U.S. business aviation market, the largest in the world. It has also said it plans to expand the XOJET brand globally from its U.S. base. The two entities combined operate approximately 115 super midsize and large cabin extended range jets, while XOJET brings a charter brokerage arm that contributes over $100 million in sales.