Vista Global Holding has launched an organization to centralize the company's worldwide aircraft trading activities and named Bill Papariella to lead these efforts and build on its services. Dubbed Vista Global Trading, the group will assist business aircraft owners, operators, and brokers in the buying and selling of assets and will provide expertise, technology, and analytical market support.
The company said this structure will enable aircraft owners to move into a Vista asset-free membership program by “easily and quickly” divesting their aircraft to the new division. Vista further said that the organization will shorten lead times.
“We are transforming the trading marketplace worldwide to enable valuable transactions to occur when speed and market appropriateness are critical, whilst giving access to asset-free flying solutions globally through Vista’s subscription memberships,” said Vista founder and chairman Thomas Flohr.
Papariella, who joined Vista in 2022 through the acquisition of Jet Edge, is holding the roles of chief business officer at Vista and Vista Global Trading, as well as serving on the executive board.
“Following Vista’s acquisition of Jet Edge last year, Bill’s outstanding leadership and expertise have been critical in the expansion of our service offerings, and I am delighted that he will be playing a central role in driving the success of Vista Global Trading,” Flohr said.
Papariella, who was building up a trading business while heading Jet Edge, said the new service “leverages the huge power of being part of the Vista universe and capitalizes on a key opportunity across the increasingly diversified requirements of the business aviation world.”
He added that the new service will benefit aircraft owners, large corporations, Vista members, global fleet operators, and the brokerage community. “Our unique team of global experts specialize in the current valuations of all aircraft types and have deep expertise in assessing the ever-changing industry market and financing dynamics,” Papariella said.
Jet Edge Partners will continue operations as a separate U.S. aircraft sales and listing company but will work as a subsidiary aircraft brokerage in close partnership with Vista Global Trading.