VistaJet Reflects on Banner Year, Optimistic for 2020

 - March 14, 2020, 10:57 AM

VistaJet recorded a 16 percent increase in flights during the first 10 weeks of this year on the back of a strong 2019 performance, it said on Friday. The company continues to see strong demand across all regions, with the U.S. registering its greatest number of flights during the first two months, making up 23 percent of global flights. “Despite the deep impact of the coronavirus spreading across Asia, demand from the continent remains stable at 11 percent,” it added.

Last year, VistaJet's program membership surged 21 percent worldwide, expanding 24 percent year-over-year in the U.S., 26 percent in the Middle East, 23 percent in Europe, and 6 percent in Asia. The company also reported double-digit gains in flights and passengers globally last year, but didn’t quantify these claims. But it did say that during the first half—the “low season”—overall flights climbed 12 percent from the same period in 2018.

Despite the coronavirus’s effects on air travel, VistaJet founding chairman Thomas Flohr expressed optimism that this growth trajectory will continue, especially with the addition of Bombardier Global 7500s this year and synergies from aviation marketplace XO. “VistaJet’s solutions are particularly attractive in times of uncertainty. The last 12 months were yet another milestone for the company…We begin 2020 positively during the first 10 weeks.”