Bloomberg is reporting that VistaJet, XO Global owner Dubai-based Vista Global Holding is in talks to go public via a SPAC that could value the private aviation company at more than $10 billion
Hours after, KKR said it would put $150 million behind Jet Edge to target NetJets, and as Wheels Up finalizes its SPAC merger with Aspirational Consumer Lifestyle, there is another potential M&A in the private aviation sector. Bloomberg reports that Dubai-based Vista Global Holding may go public via a special purpose acquisition company.
Luxury charter operator VistaJet wants to be carbon neutral 25 years ahead of the industry’s goal to reduce carbon emissions by 50% in 2050
VistaJet said it is committed to carbon neutrality by 2025. At the same time, it is calling the industry to go further than the current goal of a 50% reduction of emissions by 2050. That objective has been set by civil aviation industry bodies, IATA, and the global business aviation community.
Speaking to Arabian Business, VistaJet and XO boss Thomas Flohr believes he can get more flight hours out of his current and future private jet fleet
Thomas Flohr, the chairman and founder of Dubai-based Vista Global Holding, says there is a lot of room to grow – in his own fleet.
VistaJet bolsters its super-midsize Challenger 350 and ultra-long-haul Global 7500 fleets in response to an increase in new corporate customers
Global luxury charter operator VistaJet plans to add over $1 billion in new private jets in the next 24 months. It comes as initiatives to coddle the nascent corporate travel market are apparently paying off.