Business Aviation News

Vista Global Grows Revenue 50% in 2022

Vista Global Grows Revenue 50% in 2022

Vista Global Holding reported a 50% year-on-year revenue increase in 2022, predominantly driven by a 74% increase in VistaJet’s program membership gross hours sold over the same period. The increase in gross hours sold is over three times pre-pandemic levels and provides better visibility on forward demand, owing to three-year customer signings.

The Group saw a total growth in flight numbers increase globally by 28% year-on-year. Asia saw the largest regional growth of 69%, followed the US (41%), Europe (29%) and the Middle East (22%).

“It has been an incredible 2022 for Vista with strong growth across all of our core regions and offerings during the year” said Thomas Flohr, Founder and Chairman, Vista Global. “We have hugely invested in our global infrastructure”.

In 2022, Vista Global’s investments included the acquisition of Air Hamburg – the largest business aviation operator in Europe by number of flights, and Jet Edge – a Los Angeles-based charter and management company that focuses on large cabin and super-midsize aircraft. The Group also acquired Camber Technologies – increasing its capability to further automate fleet scheduling, booking and sourcing.

Alongside M&A activity, Vista Global also added 117 aircraft to the Vista Member’s fleet; bringing the total number of aircraft to over 360.

Vista Global has continued its investment into infrastructure already in 2023, having invested in a Series-B funding round in Dufour Aerospace; a sustainable aviation and air mobility solutions company that is developing tilt-wing VTOL and eVTOL aircraft.

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