Subscribe Free
in Business Aviation

VistaJet records increase in new members including customer base in the Middle East

Posted 31 January 2019 · Add Comment

VistaJet, the first and only global business aviation company, today announced another record year in 2018, with new Members and number of flights up prominently year on year. As it enters its 15th year, Malta based VistaJet made significant progress on its core strategic priorities, increasing market share worldwide.

 

In line with the asset lite macro trend taking off globally, VistaJet saw new contracts of its flagship Program membership grow by 31% in 2018 and the number of flights increased by 25%. As demand for longer flights and comfort continues to increase across the industry, VistaJet’s utilization grew by 20% across its fleet of over 70 aircraft – now equating to enough hours to fly each aircraft around the world 20 times on average.

Regionally, Europe proved a significant market for corporates and individuals flying privately, accounting for 48% of total VistaJet flights in 2018. New Program Members grew significantly by 105% in the region, with the majority of growth coming from clients based in the UK which doubled its new contracts.

North America remained a key growth driver for VistaJet and accounted for the largest increase in flights in 2018, with a rise of 46%. To cater for the growing demand from customers in the region, 21% of VistaJet’s global fleet at any given time is in the market, with the Global 5000 fleet flying more than the Challenger aircraft during the year.

VistaJet continued to lead the market in terms of innovation and service. Adding to its global coverage and unique flight-hour subscription model, the company introduced new experiences for its Program Members, designed around their passions. Encompassing key partnerships with world leading art and sport partners such as Christie’s and British Polo Day, as well as the launches of the most extensive traveller’s programmes for children and oenophiles in private aviation.

Other 2018 highlights include: 

    While the Middle East has seen some weakness in the industry, VistaJet’s customer base appears to be as strong as ever, with number of flights up by 38% and passengers by 24%. The UAE accounted for the majority of flights in the region at 29%, and the number of flight hours at 34%. 

    As Dubai continues to prove a significant global hub, VistaJet will open a larger sales office in the region in January 2019. 

    Strong numbers in Asia, with flights increasing by 26%. Reflective of economic forecasts for GDP, Singapore led the results with a 71% growth in the number of flights to and from the country. 

 2018 was a further milestone year for VistaJet. Despite increasing economic and geopolitical headwinds, we anticipate resilience across our customer base for 2019. As the world’s largest wealth region with over 34% of the globe’s UHNWI, we foresee the greatest growth opportunity to continue in the US. Now as part of Vista Global, VistaJet will be supported by XOJET to further service this strong market. I firmly believe that VistaJet and Vista Global will continue to revolutionize the aviation industry by providing a better alternative to aircraft ownership in this globalized and shared economy, and will unlock long term growth for our business and customers.

Thomas Flohr, VistaJet’s founder and chairman said: “With an equity valuation of $2.65 billion achieved and publicized in 2017 and position as top a five Unicorn in Europe, VistaJet’s robust financial performance clearly demonstrates the company’s strong and resilient business model against a backdrop of complex economic and geopolitical challenges. VistaJet remains confident that it will continue to influence with industry leading services and challenge the business aviation sector’s offerings.”

* required field

Post a comment

Other Stories
Latest News

Emirates introduces A380 on Riyadh route

Emirates is introducing the first scheduled Airbus A380 service to Riyadh, effective 21 April 2019. Riyadh will be the 51st destination to join the Emirates A380 network.

Rolls-Royce Tay 611-8 engine achieves 10 million flying hours

The Rolls-Royce Tay 611-8 engine, which entered service in 1987, recently reached 10 million flying hours in nearly five million flights.

Airbus will participate at Turkey’s IDEF 2019

Airbus will attend Turkey’s IDEF 2019, 14th International Defence Industry Fair, held in Istanbul from April 30 to May 3.

Export Bahrain partners with Gulf Air Cargo to offer special discounts on cargo exports

Export Bahrain has signed an exclusive partnership with Gulf Air’s Falcon Cargo to provide SMEs in the Kingdom of Bahrain, exporting their goods to the tune of 100 kilograms or above, with special discount of up to 40% on their cargo

Could Al Ain be the UAE’s sleeping superstar?

Al Ain International Airport is poised for growth – cargo is already expanding and the search is on for more passenger traffic, as Alan Dron discovered.

EgyptAir takes delivery of second B787-9 Dreamliner

EgyptAir’s second B787-9 Dreamliner has arrived today at Cairo International Airport. The aircraft is slated to operate flights from Cairo to Frankfurt by April 22nd.

Connect MEIA SK1402010519
See us at
Connect MEIA BT1402010519ACCA19_BT2141218280219