Vista Global Holding, parent of the VistaJet and XO brands, has provided a market update and overview into its exceptional performance for 2022, reflecting the positive trends across its dynamic global markets and unprecedented levels of demand from existing and new members.
The group continues to see strong growth across its subscription solutions and services, with revenue up over 50 per cent against the same period 2021. This has been driven by a surge of 74 per cent in VistaJet’s Program membership gross hours sold during 2022, equating to over three times pre-pandemic levels, and gives great visibility on forward demand owing to three-year client signings.
The strong performance reflects another year of record-breaking flying across all core markets despite a series of macroeconomic events as the total growth in fight numbers increased globally by 28 per cent YOY. Regionally, the US saw a 41 per cent increase in number of flights during 2022, with Asia, Europe and the Middle East up 69 per cent, 29 per cent and 22 per cent respectively. New York became the number one location for number of flights during the year, followed by London and Paris.
Founder and chairman Thomas Flohr says: “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.
“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 number of flights, and Jet Edge, the leading US provider of large cabin and super-midsize charter and management services, significantly expanded our scale in the US, 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 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 its innovative tilt-wing VTOL and eVTOL technologies and aerospace products, and reiterates our commitment to ensuring a greener future for our industry and clients.”
During 2022, the company added 117 net aircraft, including even more Global 7500 jets, now at 18, bringing the Vista members’ fleet to over 360 aircraft around the world. To best service clients over the next decade, the group continues its investment in an extensive refurbishment programme including the adoption of Ku or Ka-band wi-fi onboard all aircraft.
During 2022, Vista streamlined its global subscription offerings across the VistaJet and XO brands, introducing the VistaJet VJ25 membership and XO membership. The group’s focus on integration to offer seamless global services is further underpinned with the roll out of Vista Flight Support.
As a business Vista has renewed its commitment to cleaner aviation and is championing the industry to progressively address the sustainability challenges it is facing. It continues to advocate externally for the widespread adoption of SAF in the industry, as demonstrated by its agreement with AEG Fuels to purchase SAF produced by OMV at Vienna International airport in Austria.