Vista revenues are up 50% year-on-year as the firm experienced a 74% increase in programme membership hours during 2022.
That surge in gross hours sold during 2022 equates to over three times pre-pandemic levels, and gives visibility on future demand due to the three-year client signings. Despite a series of macroeconomic events, the total growth in flight numbers increased globally by 28% YoY. The US saw a 41% increase, with Asia, Europe and the Middle East up 69%, 29% and 22% respectively.
Thomas Flohr, Vista’s founder and chairman, said 2022’s results “clearly show” Vista is a go-to solution. “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.”
Vista’s global fleet expansion has been critical in meeting the surge in demand, said the firm. During 2022, Vista added 117 aircraft, including more Global 7500 jets – up to 18 – bringing the fleet to over 360 aircraft worldwide.
“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 and Jet Edge significantly expanded our scale in the US, Europe and the Middle East, further cementing our leading global position,” said Flohr. “While our acquisition of Camber Technologies augments the Group’s existing technology capabilities to help further automate fleet scheduling, booking and sourcing.”
Vista also announced investment in Dufour Aerospace this week. The Series B funding round led by Vista will immediately support the development of Dufour’s tilt-wing VTOL technologies.
“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,” said Flohr.
