VistaJet parent closes on XOJET deal

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.

Global private jet charter operator VistaJet reveals its customer profile

With a fleet ranging from the Super Midsize Bombardier Challenger 350 to the ultra-long-range Global Express 6000 and a jet card called the Program, VistaJet is focused on the worldwide traveler. But, who are they?

 

With a fleet of large and long-range aircraft and a jet card price which likely starts at about $600,000 (Vista Jet’s program requires 50 hours of flying and hourly private jet cost estimated to start at $12,000) you’re probably talking about different missions than say the Pilatus PC-12 or a King Air 350 user. But who are VistaJet’s customers? As part of a report on who flies privately produced jointly with Wealth-X, a research firm specializing in Ultra High Net Worth families, there is some interesting information. 

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