Vista announces exceptional performance for 2021

Vista Global Holding (Vista) provides a 2022 market update and overview into the exceptional 2021 performance for all its operating divisions, including its market-leading VistaJet and XO brands.

2021 was yet another record-breaking year for Vista, with sales of the Group’s subscription solutions and services increasing 59%. As the largest on demand charter provider by hours flown, the Group has seen a rapid increase year-on-year of 64% in global flight hours across its operating companies, representing a 57% rise on pre-pandemic figures. Vista already serves more than half of the top 10 largest global companies, with VistaJet and XO reaching over 350,000 of the most desirable clients around the world.

This strong performance is coupled with record-breaking flying hours across both brands, with VistaJet selling over 22,000 annual subscription hours in 2021 — an increase of 90% compared with 2020 figures — and number of Members increasing year-on-year globally by 26%, continuing to convert aircraft ownership to the brand’s subscription model. Additionally, a massive influx of business travelers choosing private aviation over commercial flying as uncertainty remains was seen across the Group. XO Deposit Members increased 68% in 2021 and there was a huge increase in technology adoption by Members, with 84% of flights generated through XO’s marketplace.

2022 has continued apace. On January 20, 2022 Vista successfully priced an offering of $1 billion of Senior Unsecured Notes due 2030 by two of its subsidiaries, VistaJet Malta Finance P.L.C and XO Management Holding, Inc.*. The offering was more than five times oversubscribed with exceptional demand from investors — validating the strength of Vista’s business model. The transaction has raised additional liquidity while simultaneously substantially reducing Vista’s cost of borrowing relative to its existing Senior Notes. 

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