Vista strengthens its US and global leadership with a new acquisition

Vista Global Holding, the top private aviation group in the world, announces that it has entered a definitive purchase agreement with the fastest-growing charter operator in North America, Jet Edge, to purchase its private aviation services platform.

During the announcement, Jet Edge, an integrated charter, brokerage and management platform and a leading provider of super-midsize and large cabin private jet charter services, has a total run rate of over 60,000 yearly flight hours. Following the close of the deal in the second quarter of 2022, Vista expects to expand its fleet availability to roughly 350 aircraft.

Management statements 

This move highlights Vista Holding’s continued investment efforts in the United States, the fastest-growing and largest part of the world. It also follows another recent agreement with AIR HAMBURG, which helps balance its fleet to address the demand it experienced In two of the biggest aviation markets.

Vista Chairman and Founder Thomas Flohr, said:

Our vision is to provide the best services, anytime and anywhere, for every client. Bringing Jet Edge, the fastest-growing large-cabin and super-mid on demand company in the US, into the Group scales up our presence in North America, giving Vista the opportunity to turbocharge growth in the most dynamic business aviation market.

Mr Flohr continued to say that the deal also meant expanding their offerings and giving their members an opportunity to fly on one of the world’s biggest fleet of Gulfstream planes for charter. Jet Edge’s Chief Executive Officer, Bill Papariella, said:

Thanks to industry-leading technology, the most coveted global fleet and the personal expertise of everyone on the team, this merger takes the Jet Edge platform to the next level overnight. Our Members will now get access to an extensive global fleet, programs, services and a network able to fly them anywhere in the world.

Why Jet Edge members should be happy

The CEO went further and claimed their Airplane Owners would have the chance to take full advantage of the vast charter demand, procurement and global infrastructure advantages the company generates through its iconic brands XO and VistaJet

The post Vista strengthens its US and global leadership with a new acquisition appeared first on Invezz.

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