Vista Global posts record-breaking 2021 results
Vista Global has posted record-breaking results for 2021. This week the company revealed a 59% increase in subscription sales and a 64% increase in flight hours year-on-year (YoY).
VistaJet sold over 22,000 annual subscription hours in 2021 – an increase of 90% compared with 2020 figures. Elsewhere, XO Deposit Members increased 68% in 2021. There was also a large increase in the use of XO’s marketplace with 84% of flights booked through the platform.
Thomas Flohr, Vista, founder and chairman said: “There is clearly a paradigm shift in the global client’s view of private aviation and Vista’s world-leading position has enabled clients across the globe to experience its benefits as a critical mobility solution. Vista’s shared economy, asset light and subscription strategy is accelerating this trend.”
Earlier this month, Vista successfully priced an offering of $1bn of senior unsecured notes due 2030 by two of its subsidiaries, VistaJet Malta Finance and XO Management Holding. The offering was more than five times oversubscribed.
“We are seeing contract sizes grow significantly across both VistaJet and XO and we are working around the clock to ensure we have necessary infrastructure and capabilities in place to ensure the complete flexibility and diversification of our services in the most sustainable way,” said Flohr.
“The accelerated completion and upsizing of our unsecured bond is transformational, demonstrating the clear and strong investor confidence in Vista and providing us with a strong platform to deliver our exciting vision and ambitions,” he added.
Vista added over 30 aircraft during 2021, further increasing the firm’s 200-strong fleet. Also, the firm said refurbishment of all company Global and Challenger aircraft is expected to complete by the end of 2022.