Vista Global, the Dubai-based parent of VistaJet and XO, reported today that the two charter operators combined saw a 64 percent increase in flight hours last year versus 2020. Last year’s gain also was 57 percent higher than pre-pandemic figures.
Additionally, 2021 annual subscription hours topped 22,000, a 90 percent increase from 2020, while the companies’ members increased 26 percent globally. XO deposit members alone grew 68 percent year-over-year in 2021. More than 30 aircraft were added to Vista Global’s charter fleets in 2021, which now total more than 200 aircraft.
“2021 has been an incredibly strong year for Vista and we have delivered all-time record-breaking figures as a result of the huge demand for our subscription, membership, and on-demand offerings,” said Vista Global chairman and founder Thomas Flohr. “There is clearly a paradigm shift in the global client’s view of private aviation.”
This year, the company has increased its liquidity through the offering of $1 billion of senior unsecured notes due in 2030 through two of its subsidiaries, VistaJet Malta and XO Management Holding, an offering that was more than five times oversubscribed.
Also in 2022, Vista Global will take delivery of seven Bombardier Global 7500s, VistaJet’s flagship aircraft, bringing that model’s fleet size to 14. It also expects to complete its refurbishment of older Globals and Challengers by the end of this year.