The private jet on-demand charter operator also provides it guaranteed-availability, fixed-rate version of a jet card program
VistaJet, a subsidiary of Vista Global Holdings, which also owns U.S.-based XO (a combination of XOJET and JetSmarter), says business remains strong as it takes steps to enhance the safety of both customers and flight crews.
VistaJet says figures from January 2020 through today highlight that the total number of flights increased by a further 16% year-over-year.
Collins Aviation’s LuxStream connectivity services will be fitted across Vista Global’s fleet of 116 long-range large cabin and super-midsize private jets
LuxStream promises 25 megabits per second across the US; 15 megabits per second globally
Calling it a “game-changing development for Vista Global members’
in-flight experience” and “unprecedented,” Vista Global today said it is the
launch partner for LuxStream from Collins Aerospace Systems.
In a press release, Vista Global promises the partnership will “provide private aviation customers with the fastest broadband speeds available.” It called the move “a further demonstration of Vista Global bringing the latest and most innovative technology to market and driving radical technological change across the private aviation industry.”
The moves follow the merger of XOJET and JetSmarter earlier this summer
Two former top executives are exiting XO, formerly XOJET, following its recent combination with JetSmarter. Gregg Slow, president of enterprise at XO has left while James Henderson, president of commercial operations will join Exclusive Resorts LLC as CEO in October it was announced last week.
The owner of XOJET and VistaJet will use funds to pay debt due in 2020 and 2021
Debtwire is reporting VistaJet Malta Finance PLC and XO Management Holding Inc., units of Dubai-based Vista Global Holdings, successfully sold $550 million in senior unsecured bonds earlier this week. The news service, which covers the worldwide debt market, said Vista had to increase the coupon of the deal due to investor concerns about the cyclical nature of private aviation and UHNW spending during a downturn.
The jet card and charter operator continues its expansion of luxury partners with its first addition since being acquired by Vista Global
XOJET, which operates a fleet of super-midsize private jets and has a $100 million dollar charter brokerage, including off-fleet midsize and light jet card memberships, has added The Resort at Paws Up. The move continues its focus on adding value for Preferred Access and Elite Access jet card members via luxury and lifestyle partnerships.