Business Aviation News

Vista Continues Strong Growth in First Half of 2022

by Mia Yao

Vista Continues Strong Growth in First Half of 2022

Vista Global Holding (Vista), the world’s largest On Demand charter provider, continued its run of impressive growth in the first half of 2022.

During the period, Vista reported double-digit growth despite the challenging macro-economic backdrop, driven primarily by a 43% year-on-year growth across its combined subscription Member base. Sales across VistaJet’s subscription Program reached all-time highs — a 25% increase in VistaJet Members has driven a 76% growth in gross Program hours sold during H1 2022 year-on-year and 27% higher than pre-pandemic full year 2019.

The number of XO’s Deposit Members also grew, increasing 33% against the same time last year. The recently acquired Jet Edge further expands the Group’s Member base with the addition of a further 400 unique Deposit Members through the brand’s Reserve program.

Regionally, North America accounted for around half of VistaJet’s Program revenue, with sales more than doubling in the region — driven by both existing clients adding hours and new client sign-ups. Despite the ongoing geopolitical uncertainty and backdrop, Europe was the fastest growing region in terms of flight activity and revenue, both of which more than doubled year-on-year.

VistaJet’s Program sales followed suit with hours sold up 65% both quarter-on-quarter and year-on-year. There are also strong signs of activity picking up in Asia with a 77% increase in hours sold compared with the same period last year, while growth in the Middle East was driven by existing clients purchasing more hours, with total hours sold up by 60% year-on-year.

The strong performance during the first six months of 2022 is supported by a significantly larger fleet, which has expanded from around 200 aircraft at the end of 2021 to more than 350 by mid-2022 through acquisitions and deliveries of new aircraft.

Tags

Vista Vistajet XOJet

Market Intelligence + See All