Vista Global To Buy Apollo Jets, Stake in Talon Air

 - March 4, 2021, 11:50 AM
In a deal expected to increase its North American flights by 20 percent, Vista Global has agreed to acquire charter broker Apollo Jets and its undisclosed share in New York-based aircraft charter, management, and MRO provider Talon Air. (Photo: Vista Global)

Vista Global has inked an agreement to acquire charter broker Apollo Jets and its undisclosed share in Farmingdale, New York-based aircraft charter, management, and MRO provider Talon Air, the companies announced today. The companies did not reveal financial details, but Vista expects the deal to close by the end of this month. Apollo will become a division of XO, Vista’s digital brand.

The addition of Apollo’s 4,000 clients will help accelerate sales of XO memberships and subscriptions, according to Dubai-based Vista. In fact, the company expects to see a 20 percent increase in North American flights following the Apollo acquisition.

As part of the acquisition, XO will offer aircraft management and maintenance services via Talon Air, which will continue to operate as a separate company. While Talon Air will be controlled by U.S. interests—including U.S. operator XOJet Aviation and another strategic shareholder—its fleet will be commercially integrated with XO’s dedicated fleet.

“The Apollo acquisition reinforces Vista Global’s commitment to providing every business aviation client with the best value flying solutions around the world,” said Vista Global founder and chairman Thomas Flohr. He also noted that the air charter segment remains fragmented, meaning further consolidation in this industry is likely.

With the acquisition, Vista will have a network of 20 offices across the U.S., Europe, Middle East, and Asia, offering global access to an owned and managed fleet of more than 160 aircraft and a further 2,100 alliance aircraft. The Apollo deal follows Vista’s acquisition of Red Wing Aviation in 2020, JetSmarter in 2019, and XOJet in 2018.