Sun, Apr 03, 2022
Jet Management & Membership Company Added to Growing Vista Network, Bolstering Fleet Size for Both
Vista Global Holding, a world-spanning private aviation group, has begun the process of acquiring charter operator Jet Edge.
Jet Edge is an integrated charter, management, and brokerage platform that gives users access to a selection of large cabin, super-midsize jets, and aircraft management services. Currently, Edge averages over 60,000 flight hours a year. With the acquisition, Vista will bring their total fleet availability towards 350 aircraft. The deal follows a similar arrangement between Vista and German operator Air Hamburg that was aimed at further expanding their global reach in the world's most bustling aviation markets. Jet Edge CEO Bill Papariella holds that there is nothing to fear with the acquisition and the extra growth is vital gain footing in the highly fragmented business aviation ecosystem.
“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," said Papariella. "Thanks to industry-leading technology, the most coveted global fleet and the personal expertise of everyone on the team, this merger takes 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."
The Jet Edge CEO says that the relationship between their customers and the company will remain unchanged. “We are proud of the personal relationships we have built with each one of our Reserve Members and our Aircraft Owners — this has been the main driver behind our tremendous growth in the past few years, at a time when aircraft availability was at a historical minimum, he said, framing the acquisition as a boon to current Jet Edge clientele. "We cannot wait to be able to offer them additional value through our integration with Vista. I couldn’t be more proud of the hard work of our teams, and I am excited about our long future together as a Vista company”.
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