Vista Global (parent of VistaJet and XOJET) founder and chairman Thomas Flohr offers his predictions for business aviation
Last year, VistaJet made news when it launched a Dubai-based holding company Vista Global and then weeks later announced the acquisition of XOJET, a large U.S.-based fleet operator and charter broker. At the same time, VistaJet has been solidifying its position at the top end of the global private jet card and charter market adding to its ferry free flying zones (now 95% of the globe) and top-end services for children, catering and oenophiles.
Earlier this year XOJET put itself into play. Last week VistaJet launched a holding company with plans to expand. Voila, a deal!
Earlier this morning Thomas Flohr’s VistaJet announced it had reached an agreement to acquire XOJET via Vista Global, a Dubai based holding company formed earlier this month. The deal covers XOJET’s business aviation fleet and commercial operations, and the release said XOJET’s regulated air carrier will continue to be independently operated in a joint venture under U.S. control and leadership, in accordance with U.S. Department of Transportation criteria. As first reported by Private Jet Card Comparisons, earlier this year XOJET hired Perella Weinberg Partners to explore its ongoing business options.