Vista Global to acquire North American charter operator Jet Edge
Vista Global Holding, a Dubai-based private aviation group, has agreed to indirectly acquire Jet Edge, a North American charter operator, for an undisclosed price.
Established in 2011, Jet Edge is an integrated charter, management and brokerage platform. The company is engaged in providing large-cabin and super-midsize private jet charter and aircraft management services.
At the time of signing the deal, the charter operator is said to have a run rate of over 60,000 yearly flight hours, exclusively in the large-cabin and super-midsize category.
As per the US Department of Transportation requirements, Vista Global Holding will acquire the aircraft, hospitality and maintenance facilities of Jet Edge. XOJET Aviation, which is Vista Global Holding’s operating partner in the US, will acquire a majority stake of the Part 135 certificates of Western Air Charter and Jet Select.
Vista Global to acquire North American charter operator Jet Edge. Photo courtesy of VistaJet.
Bill Papariella — Jet Edge CEO said: “Vista is, without a doubt, the best operational platform in private aviation, and it aligns with our company’s promise of safe operational service and a superior flight experience.
“Thanks to industry-leading technology, the most coveted global fleet and the personal expertise of everyone on the team, this merger will take the Jet Edge platform to the next level overnight.
“Our Members will now get access to an extensive global fleet, programs, services and a network able to fly them anywhere in the world. Our Aircraft Owners will be able to take advantage of the enormous charter demand, global infrastructure and procurement advantages that Vista generates via its iconic brands VistaJet and XO.”
After the closing of the deal, which is likely to happen in Q2 2022 subject to customary closing conditions, Vista Global Holding anticipates its fleet availability to grow to nearly 350 aircraft.
Thomas Flohr — Vista Global Holding Founder and Chairman said: “Vista’s commitment is to provide the most comprehensive range of flying solutions in private aviation. Today’s announcement brings significant value to our clients, with access to a further 100 aircraft, expanding our fleet at a time of unprecedented demand for business aviation services.
“Our vision is to provide the best services, anytime and anywhere, for every customer. Bringing Jet Edge, the fastest-growing large-cabin and super-mid on demand company in the U.S., into the Group will expand our presence in North America, giving Vista the opportunity to turbocharge growth in the most dynamic business aviation market.”