Founder of business aviation company VistaJet Thomas Flohr has launched a new aviation firm, Vista Global, to serve the business aviation market.
Headquartered at Dubai International Financial Centre (DIFC) in UAE, Vista Global aims to consolidate the fragmented business aviation sector.
The newly formed company is backed by a further $200m investment from private equity firm Rhône Group.
Vista Global will consist of three companies, the existing VistaJet unit, a new aircraft leasing and financing company Vista Lease, and a technology firm TechX to provide end-to-end aviation solutions for both customers and operators.
Flohr said: “Vista Global has been my vision ever since I started VistaJet in 2004. I wanted to create something truly new, something that would industrialise and consolidate the fragmented business aviation market across the entire range of flight service offerings.
“It is a historic moment for aviation and is the first of its kind.
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By GlobalData“Vista Global is unrivalled in its service to offer all clients the full range of business aviation services on a global scale – flights, technology, finance.”
In addition, Vista Global will receive its flight service offerings from VistaJet, which currently operates a fleet of more than 70 business jets.
Established in 2004, VistaJet runs on a business model that allows customers to pay only for the hours they fly, and keep the customers free from any other responsibilities and asset risk related to aircraft ownership.
Vista Global’s new aircraft leasing and financing arm, Vista Lease, is expected to begin operations next year.
Vista Lease will hold options for several Global 7500 aircraft, as well as act as the principal buyer in the pre-owned segment and provide its inventory for lease directly to its customers.
Vista Global’s TechX unit will employ 50 technology specialists to develop and further improve existing proprietary technology.
The company is expected to develop end-to-end services for companies to find customers, manage bookings, track flights and plan trips directly with operators, in a single platform.
Vista Global plans to expand its fleet over the next three years to further improve its current global coverage and infrastructure.
