[See also: Michael Amalfitano Aims for a Green Future With Embraer]
Founder and chairman of Vista Global, Thomas Flohr / ©Vista Global
“It is a hugely exciting time for Vista Global — this acquisition expands our global services to a rapidly growing membership and subscription base, and furthers our promise to new and current clients, anytime, anywhere.”
Vista Global simultaneously announced the acquisition of Talon Air, which allows it to offer a comprehensive aircraft management program for new and existing clients. Aircraft owners will be able to access maintenance and overhaul needs directly through XO. They will also be able to offset expenses by making their jets available for charter through the platform.
The transaction comes at a time of consolidation for the private jet industry. The Covid-19 pandemic has resulted in a boom in demand with Vista Global experiencing sizeable year-on-year growth (29% in 2020) in its easy-access membership programs. Vista Global expects its own flight activity to increase by 20% as a result of the acquisition.
And as the company grows, so do its sustainability efforts. VistaJet, the best-known arm of Vista Global, recently recommitted to a greener industry through its Sustainability in Aviation initiative, which launched in January 2020. Chief commercial officer of VistaJet Ian Moore said: “We recognize that sustainability is a journey, and while there is still progress to be made across the industry, VistaJet is committed to making aviation better. We have already begun changing the way we operate to benefit not only our clients but the whole global community.”
[See also: ‘Sustainability Remains a Key Focus,’ Pledges VistaJet]