Vista announces record full year performance 2022 with revenue up over 50% YOY
- Strong membership growth of subscription services around the world through market-leading VistaJet and XO brands, especially across Program membership with gross annual hours sold up 74% YOY and showing a run-rate at over 3x pre-COVID levels;
- Significant continued investment in global infrastructure, scale and technology through landmark acquisitions of Air Hamburg, Jet Edge and Camber Technologies in 2022;
- Additional 117 aircraft added to the Vista Members’ fleet in 2022, expanding to over 360 aircraft globally;
- Strong momentum at the start of 2023 expected to continue across dynamic markets;
- Investment in Dufour Aerospace to further support development of sustainable aviation technologies.
Dubai, January 23, 2022: Vista Global Holding (Vista), the world’s leading global private aviation group, provides a market update and overview into its exceptional performance for 2022, reflecting the positive trends across its dynamic global markets and unprecedented levels of demand from existing and new Members.
2022 was yet another outstanding year for Vista. The Group continues to see strong growth across its subscription solutions and services, with revenue up over 50% against the same period 2021. This has been driven by a surge of 74% in VistaJet’s Program membership gross hours sold during 2022, equating to over three times pre-pandemic levels, and gives great visibility on forward demand owing to three-year client signings.
The strong performance reflects yet another year of record-breaking flying across all core markets despite a series of macroeconomic events as the total growth in fight numbers increased globally by 28% YOY. Regionally, the U.S saw a 41% increase in number of flights during 2022, with Asia, Europe and the Middle East up 69%, 29% and 22% respectively. New York became the number one location for number of flights during the year, followed by London and Paris.
Thomas Flohr, Vista’s Founder and Chairman said: “It has been an incredible 2022 for Vista with strong growth across all of our core regions and offerings during the year. Our 2022 results clearly show that Vista is the go-to solution for new and existing Members who are increasingly turning to asset-free offerings. We have hugely invested in our global infrastructure, ensuring our clients have the best aircraft available, across every corner of the world, backed by the latest technology.
Our strong performance is supported by a significant expansion of our fleet in 2022 to support our commitment of providing the best value to our clients. The landmark acquisitions of both Air Hamburg — the largest private jet operator in Europe by number of flights — and Jet Edge — the leading U.S. provider of large cabin and super-midsize charter and management services — significantly expanded our scale in the U.S., Europe and the Middle East, further cementing our leading global position. We also expanded our industry-leading Global 7500 fleet to 18. While our acquisition of Camber Technologies augments the Group’s existing technology capabilities to help further automate fleet scheduling, booking and sourcing.
As we start 2023, I am happy to announce Vista’s investment in Dufour Aerospace, supporting the development of sustainable aviation technologies and air mobility solutions with their innovative tilt-wing VTOL and eVTOL technologies and aerospace products, and reiterates our commitment to ensuring a greener future for our industry and clients.
I am incredibly excited for the future. More and more clients globally are recognizing that Vista provides the best value and end-to-end experience, and our expanded team of over 4,000 experts are fully committed to developing the next-era of innovative and advanced flying solutions across the globe. This will only strengthen Vista’s unrivaled customer offering and our position as the world’s largest on demand provider.”
The expansion of Vista’s global fleet has been critical in meeting the surge in demand. During 2022, Vista added 117 net aircraft, including even more Global 7500 jets, now at 18 — the world’s largest fleet of this game-changing aircraft —bringing the Vista Members’ fleet to over 360 aircraft around the world. To best service clients over the next decade, the Group continues its investment in an extensive refurbishment program across the fleet including the adoption of KU or KA band Wi-Fi on board all aircraft.
During 2022, Vista streamlined it global subscription offerings across both the VistaJet and XO brands, introducing the VistaJet VJ25 membership and XO Membership. The evolving portfolio of membership options ensures every private aviation client can find a simple, flexible and secure solution for their flying needs. The Group’s focus on integration to offer seamless global services is further underpinned with the roll-out of Vista Flight Support.
As a business Vista has renewed its commitment to cleaner aviation and is championing the industry to progressively address the sustainability challenges issues it is facing. It continues to advocate externally for the widespread adoption of Sustainable Aviation Fuel (SAF) in the industry, as demonstrated by its agreement with AEG Fuels to purchase SAF produced by OMV at Vienna International Airport.
Notes to Editors
Statements in this release are based solely upon information available as of the date of this release, are not a comprehensive statement of the Group’s financial results or positions as of or for the FY 2022, and have not been audited, reviewed, or compiled by an independent registered accounting firm. Thus, the financial information in this release is preliminary, unaudited and subject to revision upon completion of the Group’s closing and audit processes. The Group assumes no obligation to update any information contained herein, save for any information required to be disclosed by law.
Vista Global Holding’s (Vista) subsidiaries provide worldwide business flight services. A global group headquartered at the DIFC in Dubai, Vista integrates a unique portfolio of companies offering asset-free services to cover all key aspects of business aviation: guaranteed and on demand global flight coverage; subscription and Membership solutions; and cutting-edge mobility technology. The Group’s mission is to lead the change to provide clients with the most advanced flying services at the very best value, anytime, anywhere around the world. Vista’s knowledge and understanding of all facets of the industry deliver the best end-to-end offering and technology to all business aviation clients, through its VistaJet and XO branded services and duly licensed carriers. Vista is not a direct air carrier and does not operate or charter flights.
More Vista information and news at www.vistaglobal.com
Vista Global Holding Limited (“Vista”) does not own or operate any aircraft. All flights are performed by FAA-licensed/DOT-registered EASA or U.S. certified Vista group direct air carriers and/or partner operators. Vista holds non-controlling minority stakes in XOJET Aviation, GMJ Air Shuttle, JetSelect, Wester Air Charter, Red Wing Aviation and Talon Air.
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