This week, Vista Global Holdings (Vista), the world’s leading private aviation group, announces that it has entered into an agreement to acquire the private aviation services platform of Jet Edge, the fastest-growing North American charter operator.
Founded in 2011, Jet Edge is an integrated charter, management, and brokerage platform and a leading U.S. provider of large cabin and super-midsize private jet charter and aircraft management services.
At the time of this announcement, Jet Edge has a run rate of 60,000+ yearly flight hours, exclusively in the large-cabin and super-midsize category. Following the completion of the transaction in Q2 2022 Vista expects its fleet availability to expand to approximately 350 aircraft.
The move highlights Vista’s continued investment into the U.S., the largest and fastest-growing region, and follows the recent announcement of a deal with AIR HAMBURG.
Thomas Flohr, Vista’s Founder and Chairman, said: “Vista’s commitment is to provide the most comprehensive range of flying solutions in private aviation. Today’s announcement brings significant value to our clients, with access to a further 100 aircraft, expanding our fleet at a time of unprecedented demand for business aviation services.
Our vision is to provide the best services, anytime and anywhere, for every client. Bringing Jet Edge, the fastest-growing large-cabin and super-mid on demand company in the U.S., into the Group scales up our presence in North America, giving Vista the opportunity to turbocharge growth in the dynamic business aviation market. It also means expanding our offering and presenting our Members with the chance to fly on the largest fleet of Gulfstream aircraft available for charter. I am also delighted to welcome Bill Papariella to Vista’s executive team as Chief Business Officer.”
Bill Papariella, Jet Edge CEO, said: “Vista is, without a doubt, the best operational platform in private aviation. Our Members will now get access to an extensive global fleet, programs, services and a network able to fly them anywhere in the world. Our Aircraft Owners will be able to take advantage of the enormous charter demand, global infrastructure. and procurement advantages that Vista generates via its iconic brands VistaJet and XO”.
The values of maximum safety and customer service excellence are critical for both organizations and the acquisition of the private aviation services platform of Jet Edge. It is the latest chapter of a longstanding partnership between the company and XO, VistaJet and Apollo Jets.
Further, the acquisition brings together two long-established companies with the shared vision of delivering the best flying solutions and experiences to their Members. The merger is the latest step in Vista’s transformation of a highly fragmented business aviation ecosystem. Vista’s maintenance services in North America will expand with the acquisition of Jet Edge’s Part 145 maintenance facility, located on the West Coast.
It also will provide a full suite of maintenance services to a wide range of aircraft types, augmenting the maintenance capacity across the U.S. and securing better access to parts. The acquisition will also provide two branded lounges in Van Nuys, California and Teterboro, New Jersey, ready to welcome all guests departing from these terminals.
The Newly introdcued Vista Jet 7500
Article source: www.justluxe.com