Vista Global is acquiring Jet Edge, the 8th largest operator in the U.S. measured by fractional and charter flight hours
Vista Global Holding is making its second major acquisition in 2022. It has reached an agreement to acquire Jet Edge, the 8th largest North American operator based on charter and fractional hours. It follows a February agreement to buy Air Hamburg. The possibility of the Vista-Jet Edge deal was first reported by Private Jet Card Comparisons last month.
After it was reported last year Vista Global Holding was preparing for an IPO via Special Purpose Acquisition Company, a spokesperson person says there are now “no plans”
A day after announcing an agreement to acquire Air Hamburg, a spokesperson for Vista Global Holding tells Private Jet Card Comparisons there are no plans for a SPAC-based initial public offering.
“There is clearly a paradigm shift in the global client’s view of private aviation,” says Vista Global chairman Thomas Flohr In reporting record results
Last week we exclusively reported Vista Global Holding’s VistaJet, XO Global, Talon Air, and Red Wing Aviation saw revenue soar last year by $700 million, bringing the company’s totals to over $1.6 billion.
VistaJet and XO chalked up big gains in the first half of 2021; The company sees no let-up in future demand
The demand for private jet flights is continuing to surge. Vista Global Holding reports that its VistaJet and XO units each had record-setting first-half 2021 increases and expects the trend to continue.