Market-leading brands, VistaJet and XO,
report record membership increases and flight sales
New York, January 30, 2023: Vista Global Holding (Vista), the world’s leading global private aviation group, provides a market update on its 2022 performance across the region, reflecting tremendous growth following landmark acquisitions and unprecedented demand from existing and new Members.
The Group continues to see strong growth across its subscription solutions and services, with revenue up over 50% against the same period in 2021. The U.S. remains the Group’s strongest and fastest-growing market — reporting a 195% increase in VistaJet Program membership gross hours sold in 2022 for the region — giving great visibility on forward demand owing to three-year client signings.
In 2022, Vista streamlined its global subscription offerings across the VistaJet and XO brands, introducing the VistaJet VJ25 membership and XO Membership. The evolving portfolio of membership options ensures every private aviation client can find a simple, flexible, and secure solution for their flying needs.
It was yet another year of record-breaking flying for the Group. Despite a series of macroeconomic events, the U.S. led the total growth in flight numbers reporting a 41% increase YOY and New York being the number one location for Vista flights across the globe.
The investment and expansion of the Vista Members’ fleet has been critical in meeting demand. Vista added 117 net aircraft in 2022, with 85 being added through the acquisition of Air Hamburg and Jet Edge. The additional aircraft comprised of scheduled deliveries which included 11 ultra-premium Global 7500 jets, now at 18. To best service clients over the next decade, the Group continues its investment in an extensive refurbishment program across the fleet, including the adoption of KU or KA band Wi-Fi on board all aircraft.
VistaJet and XO Members are now benefitting from access to the Vista Members’ fleet of over 360 aircraft, half of which are based throughout the region. Clients also have access to an additional 2,100 alliance aircraft, which are instantly bookable through XO’s advanced digital app.
Thomas Flohr, Vista’s Founder and Chairman said:
“I am incredibly excited for the future. We have experienced immense growth throughout this key market as more and more clients are turning to Vista as the go-to solution for asset-free offerings and recognize that Vista provides the best value and end-to-end experience. Our expanded team of over 4,000 experts are fully committed to developing the next era of innovative and advanced flying solutions across the globe. This will only strengthen Vista’s unrivaled customer offering and our position as the world’s largest on demand provider.”
As a business, Vista has renewed its commitment to cleaner aviation and is championing the industry to progressively address the sustainability challenges it is facing. VistaJet has pledged to be carbon neutral by 2025 and earlier this year published its “Action Handbook for Change in Business Aviation” to encourage collaboration and transparency across the industry and has since progressively encouraged over 85% of its Members to opt-in to its carbon offsetting program.
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Notes to Editors
Statements in this release are based solely upon information available as of the date of this release, are not a comprehensive statement of the Group’s financial results or positions as of or for the FY 2022, and have not been audited, reviewed, or compiled by an independent registered accounting firm. Thus, the financial information in this release is preliminary, unaudited and subject to revision upon completion of the Group’s closing and audit processes. The Group assumes no obligation to update any information contained herein, save for any information required to be disclosed by law.
About Vista
Vista Global Holding’s (Vista) subsidiaries provide worldwide business flight services. A global group headquartered at the DIFC in Dubai, Vista integrates a unique portfolio of companies offering asset light services to cover all key aspects of business aviation: guaranteed and on demand global flight coverage; subscription and membership solutions; and cutting-edge technology. The Group’s mission is to lead the change to provide clients with the most advanced flying services at the very best value, anytime, anywhere around the world. Vista’s knowledge and understanding of all facets of the industry deliver the best end-to-end offering and technology to all business aviation clients, through its VistaJet and XO branded services and duly licensed carriers. Vista is not a direct air carrier and does not operate or charter flights.
More Vista information and news at www.vistaglobal.com
Contact
press@vistaglobal.com
Vista Global Holding Limited (“Vista”) does not own or operate any aircraft. All flights are performed by FAA-licensed/DOT-registered EASA or U.S. certified Vista group direct air carriers and/or partner operators. Vista holds non-controlling minority stakes in XOJET Aviation, GMJ Air Shuttle, JetSelect, Western Air Charter, Red Wing Aviation and Talon Air.
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