New York, June 16, 2022: Vista Global Holding (Vista), the world’s leading private aviation group, has significantly enhanced its position in the U.S. market, following the successful closing of the Jet Edge deal. This is the Group's seventh successful acquisition since 2018, standing by its commitment to invest in the U.S., the largest and fastest-growing region for business aviation.
Jet Edge Reserve Program Members and AdvantEdge aircraft management clients will benefit from Vista’s broader global fleet, and be able to take advantage of the charter demand, global infrastructure, and procurement advantages that Vista generates via its branded VistaJet and XO solutions.
The announcement comes at a time when demand across the industry is at an all-time high, as travelers value private aviation as a critical mobility solution. Clients are committing long-term to Vista’s core subscription services, in addition to requesting more and more on demand flights. With North America accounting for over 55% of all hours flown by Vista’s fleet in 2021, the deal ensures the necessary infrastructure is in place to service new and existing clients in the most sustainable way.
Thomas Flohr, Founder and Chairman of Vista said: “The growth of Vista is supported and enhanced every day by the team's relentless dedication and commitment to our clients. It is with great pleasure we welcome the Jet Edge team, that is aligned with our vision, to continue delivering our unique services across a much larger fleet to a much growing global subscription client base. All clients can now enjoy an even larger network that guarantees reliability, flexibility, safety, consistency, and superior in-cabin experience — in a way that no other private aviation company can offer.”
Bill Papariella, CEO of Jet Edge, said: “I am excited about the future together with Vista. The sustained growth and stability of Vista across an industry that is highly fragmented places us in the best position to service clients. With the exponential demand the market is experiencing, we understand the value this acquisition will bring to all clients — offering seamless, transparent and consistent service, thanks to industry-leading technology, the most coveted global fleet, and the personal expertise of everyone on the team.”