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.
Vista Global’s XO is offering discounts and added value at luxury resorts to customers who book their charter flights via the broker
XO Global today announced its newest lineup of Exclusive Offers, it elite travel program that packages private charter flights book via the broker and luxury accommodations.
The order follows Directional Aviation’s purchase of helicopter operators Associated Aircraft Group (AAG) and Halo Aviation, Ltd., both being rebranded as Halo
Flexjet and Sentient Jet customers could see benefits from Directional’s vertical strategy by the Fall
This morning, Directional Aviation’s OneSky Flight unit said it had ordered 200 eVTOLs from Embraer-backed Eve Urban Air Mobility Solutions. It continues a longstanding partnership with the Brazilian OEM. Flexjet uses the Phenom 300 as its light jet option. It has made the Praetor 500 and 600 the core of its midsize and super-midsize fleet.
With record demand, will private jet travel become more expensive? Jet card hourly prices are up 5.8% to 8.7% from December
The recent announcement by market leader NetJets it is raising jet card rates between 2% and 8% raises the question, will others follow suit?