VistaJet's New Parent Aims To Defragment Bizav Market

 - September 11, 2018, 12:40 PM

VistaJet founder and chairman Thomas Flohr today launched Vista Global as a parent company that will “spearhead the consolidation of the fragmented and expanding business aviation market.” Besides membership charter firm VistaJet, Vista Global's subsidiaries will include business aircraft leasing and financing company Vista Lease and TechX, an aviation technology firm offering end-to-end solutions for both customers and operators.

The launch of Dubai-based Vista Global is backed by Rhône Group, a longstanding supporter of Flohr’s businesses. The financial group is investing an additional $200 million to strengthen Vista Global’s balance sheet as it seeks future acquisitions.

“Vista Global has been my vision ever since I started VistaJet in 2004. I wanted to create something truly new, something that would industrialize and consolidate the fragmented business aviation market across the entire range of flight service offerings,” said Flohr. “Vista Global is unrivaled in its service to offer all clients the full range of business aviation services on a global scale—flights, technology, and finance.”

Vista Lease will start operations next year, staffed by Flohr and “his team from a former aircraft leasing and trading business.” According to Vista Global, its leasing arm will hold options for several Bombardier Global 7500s, as well as have the capitalization to act as principal buyer in the preowned segment and then offer that inventory for lease.

Meanwhile, TechX already has 50 technology specialists and will create end-to-end services to allow companies to find customers, manage charter bookings, track flights, and plan trips directly with operators on a single platform.