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Company type | Private |
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Industry | Aviation |
Founded | 2018 |
Headquarters | Dubai, UAE |
Website | vistaglobal |
Vista Global Holding Limited is a private aviation group based in Dubai. It was founded in 2018 by Thomas Flohr.[1]
Vista was launched on September 20, 2018 with support from the global private equity firm, Rhône. Rhône invested an additional $200 million in September 2018.[2] Vista became the parent company of VistaJet, a global business aviation company that Flohr founded in 2004.[3] A week after Vista's launch, it acquired the on-demand private jet company, XOJET.[4][5]
In April 2019, Vista acquired JetSmarter, a technology-enabled service provider specializing in the aviation industry,[6][7][8] and in June, it merged XOJET with JetSmarter and rebranded the companies as XO.[9][10]
By 2020, Vista acquired Red Wing Aviation, Apollo Jet, and Talon Air.[11][12]
In February 2022, Vista acquired Air Hamburg, the largest private jet operator with the highest number of flights across Europe.[13][14][15] In March, it acquired Jet Edge, a private global aviation in North America, based on fractional and charter flight hours.[16] Over 800 Jet Edge employees also joined Vista.[17]
In April 2022, Fitch Ratings assigned Vista Global's $500 million notes a final BB- rating with a Recovery Rating of RR3.[18]