LONDON – World’s leading private jet charter holding company Vista Global Holding (Vista) has recorded a profitable and exceptional 2022. This comes as no surprise as the global air markets are increasing exponentially.
Financially, the airline recorded strong fiscal performance. This was due to the growth in subscription solutions and services, with revenue from these sources growing by 50% against the same period of 2021.
In 2022, VistaJet’s program membership grew three times pre-pandemic levels. Despite macroeconomic volatility, the company witnessed growth throughout all regions.
The U.S. market witnessed 41% growth in flights, with Asia, Europe and the Middle East witnessing up to 69%, 29% and 22% respectively. The best-performing destinations are New York, claiming the top position followed by London and Paris.
Thomas Flohr, Vista’s Founder and Chairman spoke optimistically about the company’s performance in 2022: “It has been an incredible 2022 for Vista with strong growth across all of our core regions and offerings during the year.”
“Our 2022 results clearly show that Vista is the go-to solution for new and existing Members who are increasingly turning to asset-free offerings.”
“We have hugely invested in our global infrastructure, ensuring our clients have the best aircraft available, across every corner of the world, backed by the latest technology.
Vista Group continues to acquire leading private jet charter brands and technology companies including of Air Hamburg, Jet Edge and Camber Technologies in 2022.
This means that an additional 117 aircraft have been added to the Vista Members fleet globally, expanding to over 360 aircraft worldwide.
The group is also a proud launch customer of the Bombardier Global 7500, and currently holds the largest fleet now at 18.
Thomas Flohr commented about the acquisitions: “Our strong performance is supported by a significant expansion of our fleet in 2022 to support our commitment of providing the best value to our clients.”
“The landmark acquisitions of both Air Hamburg – the largest private jet operator in Europe by the number of flights, and Jet Edge – the leading U.S. provider of large cabin and super-midsize charter and management services – significantly expanded our scale in the U.S., Europe and the Middle East, further cementing our leading global position.”
“We also expanded our industry-leading Global 7500 fleet to 18. While our acquisition of Camber Technologies augments the Group’s existing technology capabilities to help further automate fleet scheduling, booking and sourcing.”
“As we start 2023, I am happy to announce Vista’s investment in Dufour Aerospace, supporting the development of sustainable aviation technologies and air mobility solutions with their innovative tilt-wing VTOL and eVTOL technologies and aerospace products.”
“It reiterates our commitment to ensuring a greener future for our industry and clients.”
As Vista’s business grew, so to its initiatives for sustainability and championing green technology. The group continues to advocate for mass usage of sustainable aviation fuel (SAF) in the aviation industry.
This is evidenced by their agreement with AEG fuels to acquire SAF at Vienna Schwechat International Airport produced by OMV.