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Wednesday, April 24, 2024

Vista Global Holding (Vista), one of the world’s leading private aviation groups, has acquired private jet operator Jet Edge. This is Vista's seventh acquisition since 2018, and increases its global fleet to over 350 owned and managed aircraft.

Jet Edge Details

Jet Edge brings 100 aircraft, including the largest on demand fleet of Gulfstream jets in the U.S. Vista also gains 800 staff members and a maintenance facility to support Vista’s enhanced scale.

Jet Edge Reserve Program Members -the prepaid membership program - 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.

Jet Edge

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. Vista says clients are committing long-term its core subscription jet card like 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.”

Vista also recently acquired Air Hamburg, in May 2022, adding to its European based fleet of owned and managed aircraft.

Global 7500

In March this year VistaJet took delivery of its 10th Global 7500 ultra-long-range jet, making it the largest operator of Global 7500 aircraft in the world. VistaJet plans to welcome up to a total of 17 Global 7500 aircraft into its fleet by the end of 2022.

The delivery ceremony also marked Bombardier’s 100th delivery its flagship aircraft.