Vista marks 20 years of success with sturdy 2023 efficiency

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• By 2023 Vista witnessed file flight hours, a 20% development in subscription hours and Member base, and enhanced its service providing with an in depth fleet refurbishment;
• 17% development in on-fleet hours globally, double digit development in all territories — Program membership being the biggest driver, with reside flight hours up 30% regardless of a difficult financial backdrop;
• Over 50% of Vista’s flight hours as we speak come from outdoors of the U.S., emphasizing the worldwide range of the Group’s enterprise mannequin and the good thing about its floating fleet;
• Integrations to be accomplished in Q1/2024; 93 plane refurbished all through 2023 — 50% greater than initially deliberate — bringing the full variety of iconic “silver and purple” plane to 230;
• Solely operator to ensure availability on each continent around the globe for International 7500 Members;
• Concluded funding into international infrastructure and created a community of seven devoted upkeep hubs throughout the U.S. and Europe.

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Dubai, February 5, 2024 – Vista, the world’s main international non-public aviation group, offers a market replace and overview into its strong efficiency for 2023, highlighting continued development and progress throughout all areas of the enterprise. Innovating the {industry} for 20 years by steady funding in individuals, know-how and infrastructure, the corporate has continued to increase its international footprint, enhanced its providers and achieved file on-fleet flight hours.

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Sturdy development throughout all geographies

In 2023, Vista captured extra market share within the non-public aviation sector, now with over 5% of complete market share due to 20 years of sturdy and constant efficiency. Within the final 12 months alone, the corporate has grown its on-fleet hours globally by 17% to 200,000 hours by double-digit development throughout all geographies. With an addressable market of over 24,000 enterprise jets there’s considerably extra scope and alternative for the Group to seize additional market share.

Vista has elevated its proportion of flight hours coming from Program subscription shoppers following three years of file momentum of latest subscribers, making up round 60% of complete on-fleet income for the Group. Program shoppers decide to a 3-year settlement, offering the corporate with long-term visibility on providers required and income move. Through the 12 months, the Group operated round 87,000 flights — 18% extra YOY and 80% up in opposition to pre-pandemic ranges— with the numbers anticipated to maintain rising in 2024.

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Vista’s international presence continues to rise, with greater than 50% of complete flight hours coming from outdoors of the U.S.. In 2023 the corporate made the choice to increase its service space in Africa with devoted plane to help demand within the area. The corporate additionally elevated the variety of plane serving Asia and the Center East, and prolonged the providing for its International 7500 Members, granting assured availability of this game-changing plane on each main continent around the globe. Vista is the one firm that’s able to providing this industry-leading plane on a worldwide scale and offering such ensures.

Thomas Flohr, Founder and Chairman of Vista, mentioned: “2023 was one other 12 months of profitable efficiency in our enterprise. Regardless of having to react to deep financial shifts and complicated geopolitical uncertainty, we produced double digit development throughout all markets — achieved while refurbishing and upgrading our fleet forward of schedule, additional bettering our service requirements and considerably rising plane availability. Right this moment, Vista is a really international and recognizable model all around the globe due to the 20 years during which we’ve got delivered an unmatched service to our shoppers, and we’re effectively positioned to additional improve our market share over the subsequent 20 years.

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The belief of our Program Members is driving our regular development trajectory, with ever extra remaining loyal to Vista than ever earlier than. This offers us with constant, seen, income streams and a powerful consumer base. Our lengthy tenure on this {industry} means we will anticipate and perceive what international enterprise leaders need on the subject of international journey.

Past the spectacular dedication from our Members, I’m equally happy with our staff of 4,400 consultants around the globe who’re totally dedicated in delivering the very best service to our shoppers.”

Fleet optimization and refurbishment

The addressable market of over 24,000 underutilized jets highlights a chance to alter the inefficiencies of your entire {industry}. By rising the utilization charges of every plane, the Vista Members’ fleet of over 300 plane, is as a substitute optimized to ship the very best service at the absolute best charges.

After its current acquisitions, Vista has strategically deployed a few of its free money move to speed up the supply of probably the most bold refurbishment program in enterprise aviation — delivering it at scale and forward of plan. In 2023, 93 plane refurbishments had been accomplished — 50% greater than initially deliberate — that means greater than 230 plane now provide the enduring silver and purple service and have the identical onboard merchandise clients are used to.

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In 2023 the Group efficiently accomplished the combination of its current acquisitions within the U.S. and Europe, to present shoppers much more entry and guarantee Vista requirements of service throughout all Group operators. The home Members’ fleet in america is now working as Vista America (DBA) and the worldwide fleet as VistaJet.

Charlotte Colhoun, Group Chief Monetary Officer of Vista, added: “Sturdy development throughout all areas demonstrates the worldwide range of our enterprise which in flip helps resiliency to exterior market dynamics. Regardless of a contraction within the international aviation market in 2023, Vista elevated its hours flown by 17%, far outpacing the broader sector pattern. By 2023 our focus has been on optimizing throughout all facets of the enterprise to drive efficiencies and reinvesting money generated to uplift our fleet globally. With a CAPEX part behind us and no near-term debt maturities, we go into 2024 ready of power and can deal with maximizing revenues from our present property and infrastructure.”

Funding in international infrastructure driving increased high quality of service

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Additional steps have been taken to execute the combination technique by investing into the Group’s international infrastructure, together with seven devoted upkeep hubs throughout the U.S. and Europe. These services will bolster in-house upkeep capabilities, rising pace, agility, and plane supply ranges.

Through the 12 months, the VistaJet Wellness program was launched, the one service of its form within the {industry}, permitting shoppers to proceed dwelling effectively on the bottom and within the air. Vista has additionally labored with extra companions to create memorable experiences by its flights the world over and has refined onboard providers from heightened Wi-Fi to prolonged non-public eating benchmarks globally.

Continued funding in Vista’s individuals

To uphold its constantly excessive stage of service on each flight, Vista is continuous its funding in the very best individuals. In 2023, the Group developed an in-house administration of upkeep, pilot and cabin coaching, and flying providers, giving the corporate even larger management over security, high quality and availability of the fleet and crew. To strengthen the sector’s future and help upcoming {industry} generations, Vista additionally launched its pilot mentored program with the Atlantic Flight Coaching Academy. As a part of the integrations, all cabin coaching for Vista colleagues from acquired corporations can be full. They be a part of a worldwide staff of over 4,400 colleagues who’re prepared to help clients on each flight.

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Contacts
press@vistaglobal.com

About Vista 
Vista International Holding’s (Vista) subsidiaries present worldwide enterprise flight providers. A worldwide group headquartered on the DIFC in Dubai, Vista integrates a novel portfolio of corporations providing asset free providers to cowl all key facets of enterprise aviation: assured and on demand international flight protection; subscription and membership options; buying and selling and administration providers; and cutting-edge mobility know-how.  
Innovating the {industry} for 20 years by steady funding in individuals, know-how and infrastructure, the Group’s mission is to guide the change to offer shoppers with probably the most superior flying providers at the easiest worth, anytime, anyplace around the globe. Vista’s information and understanding of all aspects of the {industry} ship the very best end-to-end providing and know-how to all enterprise aviation shoppers, by its VistaJet and XO branded providers and duly licensed carriers.  
Vista will not be a direct air service and doesn’t function or constitution flights. 
Extra Vista info and information at www.vistaglobal.com 

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