Vista Global Holdings began 2021 with a record start as VistaJet sold more than 8,000 new annual subscription hours, an increase of 67 percent from a year ago and 41 percent jump from 2019, the air charter company reported today. Meanwhile, deposit members at Vista Global subsidiary XO jumped 82 percent, with three times as many sales in the period versus last year.
Vista Global’s on-demand services grew by 67 percent year-over-year across all markets and by 55 percent compared with 2019. On-demand hours flown increased 67 percent between 2020 and 2021. By region, Middle East flight hours grew 153 percent during the period while they increased 76 percent in North America and 41 percent in Europe. North America accounts for most of the total Vista Global departures, at 71 percent.
“It has been an exceptional start to 2021 for Vista and we are making groundbreaking progress in all corners of the world in enhancing our position as the global pioneer within the business aviation industry,” said Vista Global founder and chairman Thomas Flohr. “Vista has seen a record first half of the year across all metrics and is seeing huge demand for our subscription and on-demand based offerings.”
Dubai-based Vista Global noted that its North American footprint has grown in the past year with the acquisitions and integration of Red Wing Aviation, Apollo Jet, and Talon Air, which has allowed it to serve clients with aircraft in the light jet category, as well as aircraft management services. In terms of owned aircraft, the company has added four Bombardier Global 7500s available for service under the VistaJet brand, and 15 new aircraft during the first half at XO.
Activity around the upgrading of interiors of VistaJet and XO aircraft—including in-flight connectivity—also continues, the company added.