Investment from private equity firm Rhône Capital

VistaJet today announces that it has signed a ground breaking transaction with investment funds affiliated with Rhône Capital, which have invested $150 million of cash into the business. Together with secondary acquisitions, Rhône will have a $200 million stake in VistaJet, in a transaction valuing VistaJet’s equity on a post-money basis in excess of $2.5 billion. The investment is another key milestone in VistaJet’s growth story and a major vote of confidence in the Company’s strategy and business model.

VistaJet is one of the leading players in global private aviation, flying more customers to more global destinations than anyone else, with a level of service that its competitors cannot match.

Commenting on today’s announcement, VistaJet’s Founder and Chairman, Thomas Flohr stated, “With the investment announced today, the equity valuation in excess of $2.5 billion and our fully scalable technology driven business model, VistaJet is ideally placed to take advantage of the opportunities to shape the market as it further develops in the years to come.”

As a result of 13 years of investment and development, VistaJet believes that its operations and capabilities are now more sophisticated and efficient than anything else available in the market. With an industry leading operations hub in Malta and main sales offices in London, Dubai, New York, Los Angeles, Hong Kong, Shanghai and Beijing, VistaJet has built a fleet of over 70 wholly-owned super midsized and ultra-long range aircraft, all with identical livery and design. Its proprietary end-to-end internally developed technology platform makes VistaJet one of the most technologically integrated companies in business aviation. It also constantly reviews and improves its product offer. This year, the company introduced VistaJet Direct, a new digital membership that gives customers priority access to available one-way and empty leg flights via the company’s app and website. VistaJet Direct is the first app membership in the industry able to offer a fully integrated service to its customers.

The positive effects of this work are visible in VistaJet’s trading performance. In the first half of 2017, VistaJet’s EBITDA rose by 32% year-on-year. The company saw a 51% growth in the total number of Subscription Program Hours sold year-on-year in the second quarter of 2017, and Program Membership revenue reached a record high of 63% of total revenue, up from 55% in the previous quarter. It also recorded a market-leading customer retention rate of 91% in the first half of 2017.

VistaJet is one of the most operationally advanced companies in the sector, with a unique subscription business model. It has flown over 250,000 passengers to over 1,600 airports in 187 countries, or 96% of the world, making it the only truly global player in the market. With these strong foundations and the investment announced today, it is ideally placed for continued significant growth.

Flohr added, “Thanks to the hard work we have done over the past decade, we believe that VistaJet delivers the best service levels in the sector and in the most efficient manner. The

integrated technology platform we have built fueled by data, algorithms and digital channels is, we believe, unique in the industry. Today’s announcement is further confirmation of VistaJet’s leading status in the market, and represents a real vote of confidence in our strategy and vision. I am excited to partner with the Rhône team and to have Steven Langman, Co-Founder of Rhône, join VistaJet’s board of directors. Rhône fully endorses our philosophy and approach, and will be a valued partner in the next stage of the VistaJet journey. Together, we will continue to focus on expanding our global market share. With the investment announced today, we are ideally placed to take advantage of market consolidation, and to build on our position in the sector.”

Steven Langman of Rhône Capital said: “We seek to invest in the leaders in any sector, and with VistaJet we have invested in the best. We have closely followed Thomas and VistaJet for some time, and we are convinced that the Company’s business model and global strategy give it a superior advantage in the marketplace. We share management’s vision to significantly grow the business, both organically and by acquisition, and we are prepared to make further investments, if needed, to achieve these goals. We are pleased to have invested in this dynamic industry pioneer.”

Jefferies LLC acted as the financial advisor to VistaJet in connection with the transaction. Linklaters provided legal representation to VistaJet and the Company’s Founder.

 

More VistaJet information and news at vistajet.com
Become a Member of VistaJet Direct app at vistajet.com/direct


Rhône Capital 旗下私募股权基金注资维思达公务机 公司估值超过 25 亿美元

维思达公务机 (VistaJet) 今日宣布已与隶属于 Rhône Capital 的投资基金达成一项具有突破性意义的交易。在此次交易中,Rhône Capital 向维思达公务机投资 1.5 亿美元现金。加上二次市场收购,Rhône Capital 将持有维思 达公务机 2 亿美元的股份。维思达公务机的股份交易后估值超过 25 亿美元。此次交 易是维思达公务机发展史上的一个重要里程碑,也是对公司战略和商业模式的一种肯 定。

维思达公务机是公务航空业的全球领先企业之一。相比同行,维思达公务机可将客户 送往更多目的地,为客户提供无法比拟的优质服务。

维思达公务机创始人兼主席 Thomas Flohr 表示:“在完成今天宣布的交易后,我们的 股份估值将超过 25 亿美元。依托这一强大的经济实力和具有长期发展潜能的技术驱动 型商业模式,维思达公务机拥有得天独厚的优势,能够在未来几年把握机遇抢占更多 市场份额。”

维思达公务机相信,经过 13 年来的大力投资和迅猛发展,公司如今的运营能力和效率 均优于竞争对手。维思达公务机在马耳他建立了业界领先的运营中心,并在伦敦、迪 拜、纽约、洛杉矶、香港、上海和北京设有主要销售办事处。凭借广泛的业务布局, 维思达公务机已组建由 70 多架超中型和超远程自有公务机组成的机队,所有公务机均 采用别无二致的机身涂装和内饰。维思达公务机专有的端到端内部开发技术平台使其 成为公务航空业技术集成度最高的公司之一。此外,公司也在不断审查和改进其产品 和服务。今年,公司推出了新的线上会员计划 VistaJet Direct。客户只需成为计划会员, 即可通过公司的应用程序和网站优先查看可用的单程航班和调机航班。VistaJet Direct 是业内首个能为客户提供完全集成服务的应用程序会员计划。

维思达公务机的业绩表现显示出这项工作的积极作用。2017 年上半年,维思达公务机 的息税折旧摊销前利润同比增长 32%。2017 年第二季度,公司的会员定制飞行时数 同比上升 51%,会员计划收入达到总收入的 63%,创下历史新高,环比增长 55%。 2017 年上半年,客户保留率达 91%,创历史记录,占据市场领先地位。

维思达公务机是业内最具运营能力的公司之一,采用独特的会员定制商业模式。旗下 公务机已将 25 万余名乘客送往 187 个国家的 1,600 多个机场(全球 96% 的机场), 是业内名副其实的全球领先企业。依托坚实的业务基础和今天宣布的交易,维思达公 务机将继续蓬勃发展。

Flohr 补充说:“得益于我们在过去十年所付出的辛勤劳动,我们相信维思达公务机将 以最高效的方式为客户提供业内最优质的服务。我们认为,基于数据、算法和数字渠 道而建成的集成技术平台在业内是独一无二的。今天宣布的交易进一步证明维思达公

务机在市场上占据领先地位,并代表着对我们的战略和愿景的肯定。我很高兴公司能 与 Rhône Capital 建立合作伙伴关系,并且十分欢迎该公司的联合创始人 Steven Langman 加入维思达公务机董事会。Rhône Capital 完全赞同我们的理念和战略,并 将成为维思达公务机未来发展道路的重要合作伙伴。我们将携手继续关注扩大全球市 场份额。在完成今天宣布的交易后,我们将能够把握市场机遇,巩固我们在业内的地 位。”

Rhône Capital 联合创始人 Steven Langman 表示:“我们力求投资于各个行业的领 导者,而维思达公务机则是我们作出的最佳投资选择。在我们对 Thomas 和维思达公 务机进行了一段时间的密切关注后,我们相信,维思达公务机的商业模式和全球化战 略使其在市场上占有突出优势。我们与维思达公务机管理层拥有相同的发展愿景,即 通过业务增长和收购来推动公司发展。如果为了实现发展愿景需要我们进一步投资, 我们也非常乐意这么做。我们很高兴能够投资于维思达公务机这个充满活力的行业先 锋。”

Jefferies LLC 针对此次交易为维思达公务机提供财务咨询服务。律所 Linklaters 为维 思达公务机和公司创始人提供法律服务。

 

更多有关维思达公务机的信息,请访问 vistajet.cn
成为 VistaJet Direct 应用程序计划会员,请访问 vistajet.com/direct