On a combined basis, the transaction would see Vista increase flight hours by ~30% globally, and have a ~15% market share of the global charter market;44 additional aircraft available to Members across VistaJet and XO fleets, bringing Vista’s total global group fleet to over 240 aircraft, including owned and managed;Experienced AIR HAMBURG management team remaining in positions;Transaction expected to be completed in the first half of 2022, subject to customary closing conditions and regulatory approvals;Follows the recent successful integrations of Red Wing Aviation, Apollo Jets and Talon Air into Vista’s global infrastructure.
Vista Global Holdings has entered into an agreement to acquire AIR HAMBURG’s operating platform and maintenance services.
Founded in 2006, AIR HAMBURG has become one of the most well-established full-service private aviation companies, flying to over 1,000 destinations in Europe alone. It is the largest private jet operator by number of flights across Europe, organizing over 18,800 flights for its clients in 2021, and it is second only to Vista in terms of hours flown, recording over 35,000 hours in 2021. As a result, Vista expects an increase of around 30% in flight hours (on a combined basis) globally following the completion of the transaction.
Thomas Flohr, Vista’s Founder and Chairman said: “Today’s announcement brings a renowned institution of the European private aviation market into the Vista group and complements our growth and service offering across Europe and the Middle East. AIR HAMBURG is an impressive, well-established and profitable business with a long-standing track record in best-in-class client service — like Vista, it is known for its reliability and consistency throughout a scaling fleet and high utilization.
“Vista’s leading flying solutions, with a business model based on a floating fleet, allows us to implement a quick, seamless integration. This is yet another demonstration of Vista’s unrivaled commitment to ensuring all our Members have access to the best value flying solutions across the world at any given moment.