Vista Global Holding Limited is a private aviation group based in Dubai. It was founded in 2018 by Thomas Flohr.[1]
 | |
| Company type | Private |
|---|---|
| Industry | Aviation |
| Founded | 2018 |
| Headquarters | Dubai, UAE |
| Website | vistaglobal |
Overview edit
Vista was launched on September 20, 2018 with support from the global private equity firm, Rhône. Rhône invested an additional $200 million in September 2018.[2] Vista became the parent company of VistaJet, a global business aviation company that Flohr founded in 2004.[3] A week after Vista's launch, it acquired the on-demand private jet company, XOJET.[4][5]
In April 2019, Vista acquired JetSmarter, a technology-enabled service provider specializing in the aviation industry,[6][7][8] and in June, it merged XOJET with JetSmarter and rebranded the companies as XO.[9][10]
By 2020, Vista acquired Red Wing Aviation, Apollo Jet, and Talon Air.[11][12]
In February 2022, Vista acquired Air Hamburg, the largest private jet operator with the highest number of flights across Europe.[13][14][15] In March, it acquired Jet Edge, a private global aviation in North America, based on fractional and charter flight hours.[16] Over 800 Jet Edge employees also joined Vista.[17]
In April 2022, Fitch Ratings assigned Vista Global's $500 million notes a final BB- rating with a Recovery Rating of RR3.[18]
References edit
- ^ Press (2023-01-23). "Dufour Aerospace closes new investment from Vista to accelerate growth". sUAS News - The Business of Drones. Retrieved 2023-02-02.
- ^ Alves, Joice. "Rhône Group Invests $200 Million in Aviation Business". www.penews.com. Retrieved 2023-02-02.
- ^ Trautvetter, Chad. "VistaJet's New Parent Aims To Defragment Bizav Market". Aviation International News. Retrieved 2023-02-02.
- ^ Arvai, Ernest (2022-04-01). "VistaJet Acquires Jet Edge in Consolidation Wave". AirInsight. Retrieved 2023-02-02.
- ^ Siebenmark, Jerry. "Vista Global Notes Record Growth in First-half 2021". Aviation International News. Retrieved 2023-02-02.
- ^ "Vista Global Buys an Uber For Private Jets". Bloomberg.com. 2019-04-10. Retrieved 2023-02-02.
- ^ Wynbr, James; t. "Vista Global To Acquire JetSmarter". Aviation International News. Retrieved 2023-02-02.
- ^ Frank, Robert (10 April 2019). "Private jet company Vista Global to acquire JetSmarter, once touted as the Uber of private jets". CNBC. Retrieved 2023-02-02.
- ^ Gollan, Doug. "Vista Global Rebrands JetSmarter And XOJET To XO, While PrivateFly Launches Fixed Rate Flights In The U.S." Forbes. Retrieved 2023-02-02.
- ^ "Vista Global combines XOJet and JetSmarter into XO". ch-aviation. Retrieved 2023-02-02.
- ^ Kamel, Deena (2022-02-21). "Vista acquires European charter operator Air Hamburg amid industry consolidation". The National. Retrieved 2023-02-02.
- ^ TravelNewsAsia.com. "Vista Global to Acquire Apollo Jets". Travel News Asia. Retrieved 2023-02-02.
- ^ "Vista Global to Acquire Jet Edge, Expanding N. American Presence". www.businesstravelnews.com. 31 March 2022. Retrieved 2023-02-02.
- ^ "VistaJet acquires rival Air Hamburg amid business aviation boom - AeroTime". 2022-02-23. Retrieved 2023-02-02.
- ^ "Vista Global Agrees to Acquire Air Hamburg". www.businesstravelnews.com. 22 February 2022. Retrieved 2023-02-02.
- ^ "Vista acquires Jet Edge services as private flying boom fuels M&A". Reuters. 2022-03-31. Retrieved 2023-02-02.
- ^ Siebenmark, Jerry. "Vista Finalizes Jet Edge Acquisition". Aviation International News. Retrieved 2023-02-02.
- ^ "Fitch Rates Vista Global's USD500m Notes Final 'BB-'". www.fitchratings.com. Retrieved 2023-02-02.