Story ID: 
Vista Reports Strong Growth across 2023
By: Sarah Rose
Caption: The company grew market share to 5 percent
Word Count: 173
Business aircraft charter firm Vista reported a strong performance last year, including a 20 percent growth in subscription hours and member base and 17 percent riseh in on-fleet hours globally.
The Malta-based company reported that, in 2023, it grew to 5 percent total market share and expanded its global presence with 50 percent of total flight hours coming from outside of the U.S., following the company's decision to move its global footprint into Africa and the Middle East.
“2023 was another year of successful performance in our business. Despite having to react to deep economic shifts and complex geopolitical uncertainty, we produced double digit growth across all markets—achieved whilst refurbishing and upgrading our fleet ahead of schedule, further improving our service standards and significantly increasing aircraft availability,” said Vista founder and chairman Thomas Flohr.
The company said it completed around 87,000 flights last year, up 80 percent compared with pre-pandemic levels. In addition, Vista reported that it completed 93 aircraft refurbishments, which it said was some 50 percent more than initially planned.