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Vista Global Holding (Vista), the world’s largest on-demand provider, reported double-digit growth in the first half (H1), driven by 43% year-over-year growth in its combined subscription membership base.
Vista Sales Hit All-Time High for VistaJet Subscription Plans – A 25% increase in VistaJet membership drove a 76% year-over-year increase in total plan hours sold in the first half of 2022 and a 27% increase over the pre-pandemic full year of 2019.
XO also continued to see a 33% increase in the number of depositing members over the same period last year. The recent acquisition of Jet Edge further expands the group’s membership base, adding 400 unique depositary members through the brand’s Reserve program.
Thomas Flohr, founder and chairman of Vista, said: “2022 is off to an impressive start for Vista as we continue to grow in all markets around the world, especially the US. As business aviation remains strong, we are seeing tremendous growth demand as customers turn to Vista for their flight needs.
“Contract sizes continue to grow as customers add time to meet their flying needs around the world. Vista’s trusted brand, sharing economy model, asset-light products that move away from full or partial ownership, and proprietary technology create exceptional customer value and an enhanced end-to-end experience.”
Flohr continued: “In the first six months of 2022, Vista added more than 100 aircraft to the fleet and expanded the fleet it manages, both through two strategic acquisitions of Hamburg Air and Jet Edge. , and scheduled fleet deliveries. With these investments, Vista customers have access to a larger team of experts, as well as a wider range of aircraft and availability – Hamburg Air has expanded our footprint in Europe and the Middle East, while Jet Edge has significantly Expanded Vista’s presence in the United States.
“I’m excited about the future as our expanded team drives the drive to continuously innovate all aspects of private aviation, delivering the most advanced flight solutions and delivering the highest value to every customer around the world.”
Regionally, North America accounted for about half of VistaJet’s program revenue, with sales more than doubling in the region — thanks to increased hours by existing customers and new customer registrations. Despite ongoing geopolitical uncertainty and backdrop, Europe was the fastest growing region for both flight activity and revenue, both more than doubling year-on-year.
VistaJet’s planned sales followed with a 65% increase in sales hours both sequentially and year over year. There were also clear signs of a pickup in activity in Asia, with sales hours up 77% year-over-year, while growth in the Middle East was driven by existing customers buying more hours, with total hours up 60% year-over-year .
The strong performance in the first six months of 2022 has been driven by a large fleet, which has grown from around 200 aircraft at the end of 2021 to more than 350 aircraft by mid-2022 through acquisitions and deliveries of aircraft orders. Vista has invested over $4 billion in fleet expansion over the past 10 years – most recently taking delivery of the world’s largest Global 7500 fleet, currently 12, with 10 new Challenger 350s to be delivered by 2022 .
The acquisitions of Hamburg Air and Jet Edge, both completed in May 2022, further expand the Group’s aircraft portfolio and deliver more value to customers at a time of unprecedented demand in the two largest aviation markets.
The acquisitions are part of Vista’s strategy to transform the fragmented business aviation ecosystem and increase its presence in the core regions of North America, Europe and the Middle East. This, in addition to upgraded Wi-Fi connectivity and a new cabin interior for all fleets, supports Vista’s commitment to ensuring it has the highest quality fleet on the market. – arab trade news agency
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