{"id":26467,"date":"2022-03-31T19:05:27","date_gmt":"2022-03-31T14:05:27","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=89259"},"modified":"2022-03-31T19:05:27","modified_gmt":"2022-03-31T14:05:27","slug":"vista-strengthens-its-global-and-u-s-leadership-with-the-acquisition-of-jet-edges-platform","status":"publish","type":"post","link":"https:\/\/myanmarnewsgazette.com\/vista-strengthens-its-global-and-u-s-leadership-with-the-acquisition-of-jet-edges-platform\/","title":{"rendered":"Vista strengthens its global and U.S. leadership with the acquisition of Jet Edge\u2019s platform"},"content":{"rendered":"<h5 style=\"text-align: right;\">Vista acquisition \u2014 Jet Edge<\/h5>\n<div>\n<div style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/8af2f760-b476-492d-994b-dcebfedcae37\/en&amp;source=gmail-html&amp;ust=1648821749794000&amp;usg=AOvVaw02iOcTwePx8eDA6xHXwxTd\"  rel=\"noreferrer\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/ci3.googleusercontent.com\/proxy\/VIUI4ajiZLdW-Y14H8UDKsGhD0rl2rv--0mQNZpr4esBZonYMZJIaYz597Bi3v2CX14G5og07epAWHlJ0mjkS8Y7uJLZEJQQ1AA2suu_rFCuoYqk4LW-qlgObnuazrMN26JMyj_Za20fM05Yi8BIzwHejsqIqRxnKbQe-HJWHWy_co0=s0-d-e1-ft#https:\/\/ml-eu.globenewswire.com\/media\/8af2f760-b476-492d-994b-dcebfedcae37\/medium\/vista-acquisition-jet-edge.jpg\" alt=\"\" width=\"300\" height=\"200\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Jet Edge, hangar<\/p>\n<\/div>\n<\/div>\n<p align=\"center\"><strong>VISTA\u00a0<\/strong><strong>STRENGTHENS<\/strong>\u00a0<strong>ITS\u00a0<\/strong><strong>GLOBAL\u00a0<\/strong><strong>AND U.S.\u00a0<\/strong><strong>LEADERSHIP<\/strong><br \/>\n<strong>WITH\u00a0<\/strong><strong>THE\u00a0<\/strong><strong>ACQUISITION OF\u00a0<\/strong><strong>JET EDGE<\/strong><strong>\u2019S PLATFORM<\/strong><\/p>\n<ul type=\"disc\">\n<li><strong>Acquisition of\u00a0<\/strong><strong>the private aviation services platform of\u00a0<\/strong><strong>Jet Edge<\/strong><strong>, the fastest-growing North American charter operator,<\/strong>\u00a0<strong>significantly scales up\u00a0<\/strong><strong>Vista\u2019s\u00a0<\/strong><strong>U<\/strong><strong>.<\/strong><strong>S<\/strong><strong>.<\/strong><strong>\u00a0presence<\/strong><strong>;<\/strong><\/li>\n<li><strong>The acquisition\u00a0<\/strong><strong>provides<\/strong><strong>\u00a0additional flexibility,\u00a0<\/strong><strong>infrastructure<\/strong><strong>\u00a0and\u00a0<\/strong><strong>scale<\/strong><strong>\u00a0to\u00a0<\/strong><strong>support\u00a0<\/strong><strong>its<\/strong><strong>\u00a0growing\u00a0<\/strong><strong>client<\/strong><strong>\u00a0base and demand\u00a0<\/strong><strong>across<\/strong>\u00a0<strong>North America<\/strong><strong>;<\/strong><\/li>\n<li><strong>Vista client<\/strong><strong>s<\/strong><strong>\u00a0to access\u00a0<\/strong><strong>10<\/strong><strong>0<\/strong>\u00a0<strong>additional<\/strong><strong>\u00a0aircraft\u00a0<\/strong><strong>,\u00a0<\/strong><strong>including the largest charter\u00a0<\/strong><strong>fleet of Gulfstream\u00a0<\/strong><strong>jets<\/strong><strong>\u00a0in\u00a0<\/strong><strong>the\u00a0<\/strong><strong>U.S.<\/strong><strong>;<\/strong><\/li>\n<li><strong>Jet Edge Reserve Members and Aircraft Owners will benefit significantly from\u00a0<\/strong><strong>Vista\u2019s\u00a0<\/strong><strong>broader global fleet and\u00a0platform;<\/strong><\/li>\n<li><strong>Bill Papariella<\/strong><strong>,\u00a0<\/strong><strong>Jet Edge<\/strong><strong>\u00a0CEO<\/strong><strong>,<\/strong>\u00a0<strong>to\u00a0<\/strong><strong>join\u00a0<\/strong><strong>Vista\u2019s\u00a0<\/strong><strong>executive team<\/strong><strong>\u00a0as Chief Business Officer<\/strong>\u00a0<strong>and<\/strong><strong>\u00a0Jet Edge\u2019s<\/strong><strong>\u00a0experienced management\u00a0<\/strong><strong>team\u00a0<\/strong><strong>remaining in place<\/strong><strong>,<\/strong><strong>\u00a0in accord<\/strong><strong>ance<\/strong><strong>\u00a0with U.S. DOT requirements;<\/strong><\/li>\n<li><strong>Transaction expected\u00a0<\/strong><strong>to\u00a0<\/strong><strong>complete in the second quarter of 2022, subject to customary closing conditions<\/strong><strong>;<\/strong><\/li>\n<li><strong>Follows the recent successful\u00a0<\/strong><strong>integrations<\/strong><strong>\u00a0of<\/strong>\u00a0<strong>Red Wing Aviation, Apollo\u00a0Jets\u00a0and Talon Air\u00a0into Vista<\/strong><strong>\u2019s\u00a0<\/strong><strong>ecosystem<\/strong><strong>\u00a0and AIR HAMBURG acquisition announcement<\/strong><strong>.<\/strong><\/li>\n<\/ul>\n<div>\n<h5 style=\"text-align: right;\">Vista acquisition \u2014 Jet Edge<\/h5>\n<\/div>\n<div>\n<div style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/2c131dd0-51f3-479f-a3cd-66b4d1565f6d\/en&amp;source=gmail-html&amp;ust=1648821749794000&amp;usg=AOvVaw25mk6w_h6DfhWke7SBRDL0\"  rel=\"noreferrer\"><img decoding=\"async\" src=\"https:\/\/ci6.googleusercontent.com\/proxy\/OX3z4cgQ_vTCMxDtutCKVBYpSMjNHjleOOqNpF6qG_FVOK_Al-xdmYCsXSf-UhdeBMxnjFuWZ_Z3qX9fsSermV-y3a14cGUELg8FfGB_5QD-AB8DdzmqW6XBmGuBQCZRKuf4GV-DYDyEpHPatdUm0xYoAhhrvCTHayCozhlXrAj4GF8W=s0-d-e1-ft#https:\/\/ml-eu.globenewswire.com\/media\/2c131dd0-51f3-479f-a3cd-66b4d1565f6d\/medium\/vista-acquisition-jet-edge.jpeg\" alt=\"\" width=\"300\" height=\"298\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Jet Edge, tails<\/p>\n<\/div>\n<\/div>\n<p><strong>Dubai, March 3<\/strong><strong>1<\/strong><strong>, 2022:\u00a0<\/strong>Vista Global Holding (Vista), the world\u2019s leading private aviation group, announces that it has entered into an agreement to acquire the private aviation services platform of Jet Edge, the fastest-growing North American charter operator.<\/p>\n<p align=\"justify\">Founded in 2011, Jet Edge is an integrated charter, management and brokerage platform and a leading U.S. provider of large cabin and super-midsize private jet charter and aircraft management services. At the time of this announcement, Jet Edge has a run rate of 60,000+ yearly flight hours, exclusively in the large-cabin and super-midsize category. Following the completion of the transaction in Q2 2022 Vista expects its fleet availability to expand to approximately\u00a0350 aircraft.<\/p>\n<p align=\"justify\">The move highlights Vista\u2019s continued investment into the U.S., the largest and fastest-growing region, and follows the recent announcement of a deal with AIR HAMBURG, balancing its fleet to respond to the significant demand it experienced across the two the largest aviation markets.<\/p>\n<p align=\"justify\"><strong>Thomas Flohr, Vista\u2019s Founder and Chairman<\/strong><strong>,<\/strong><strong>\u00a0said:<\/strong>\u00a0\u201cVista\u2019s commitment is to provide the most comprehensive range of flying solutions in private aviation. Today\u2019s announcement brings significant value to our clients, with access to a further 100 aircraft, expanding our fleet at a time of unprecedented demand for business aviation services.<\/p>\n<p align=\"justify\">\u201cOur vision is to provide the best services, anytime and anywhere, for every client. Bringing Jet Edge, the fastest-growing large-cabin and super-mid on demand company in the U.S., into the Group scales up our presence in North America, giving Vista the opportunity to turbocharge growth in the most dynamic business aviation market. It also means expanding our offering and presenting our Members with the chance to fly on the largest fleet of Gulfstream aircraft available for charter.<\/p>\n<p align=\"justify\">\u201cI am also delighted to welcome Bill Papariella to Vista\u2019s executive team as Chief Business Officer. As we continue to revolutionize the private aviation market, we are ready to integrate the extensive expertise of our new colleagues across the whole Jet Edge family. This acquisition is the latest example of Vista\u2019s ability to capitalize on key opportunities in the highly fragmented and fast-growing business aviation world.\u201d<\/p>\n<p align=\"justify\"><strong>Bill Papariella<\/strong><strong>,\u00a0<\/strong><strong>Jet Edge&#8217;s<\/strong><strong>\u00a0CEO, said:\u00a0<\/strong>\u201cVista is, without a doubt, the best operational platform in private aviation, and it aligns with our company\u2019s promise of safe operational service and a superior flight experience. 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.<\/p>\n<p align=\"justify\">\u201cWe are proud of the personal relationships we have built with each one of our Reserve Members and our Aircraft Owners \u2014 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. We cannot wait to be able to offer them additional value through our integration with Vista. I couldn\u2019t be more proud of the hard work of our teams, and I am excited about our long future together as a Vista company\u201d.<\/p>\n<p align=\"justify\">The values of maximum safety and customer service excellence are critical for both organizations and the acquisition of the private aviation services platform of Jet Edge is the latest chapter of a longstanding partnership between the company and XO, VistaJet and Apollo Jets. The acquisition brings together two long-established companies with the shared vision of delivering the best flying solutions and experiences to their Members.<\/p>\n<p align=\"justify\">The merger is the latest step in Vista\u2019s relentless transformation of the highly fragmented business aviation ecosystem. Vista\u2019s maintenance services in North America will expand with the acquisition of Jet Edge\u2019s Part 145 maintenance facility, located strategically on the West Coast. It will provide a full suite of maintenance services to a wide range of aircraft types, augmenting the maintenance capacity across the U.S. and securing better access to parts. The acquisition will also provide two branded lounges in Van Nuys and Teterboro, ready to welcome all guests departing from these strategic terminals.<\/p>\n<p align=\"justify\">In accord with U.S. DOT requirements, Vista will acquire Jet Edge aircraft, hospitality and maintenance facilities, while its U.S. strategic operating partner XOJET Aviation will acquire a majority stake of the Part 135 certificates of Jet Select and Western Air Charter.<\/p>\n<p align=\"justify\">\u2014 Ends \u2014<\/p>\n<p align=\"justify\"><strong>About Vista<\/strong><br \/>\nVista Global Holding\u2019s (Vista) subsidiaries provide worldwide business flight services. A global group headquartered at the DIFC in Dubai, Vista integrates a unique portfolio of companies offering asset-free services to cover all key aspects of business aviation: guaranteed and on demand global flight coverage; subscription and Membership solutions; and cutting-edge mobility technology. The Group\u2019s mission is to lead the change to provide clients with the most advanced flying services at the very best value, anytime, anywhere around the world. Vista\u2019s knowledge and understanding of all facets of the industry deliver the best end-to-end offering and technology to all business aviation clients through its VistaJet and XO branded services and duly licensed carriers. Vista is not a direct air carrier and does not operate or charter flights.<br \/>\nMore Vista information and news at\u00a0<a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3D-EkkM5DZ80R4dmdVtWsuWOeFWH0cpleCLskNcW7z6dPfxPT57LtyH5BM-IeeNw23q1CYz0VU1cTU5TAMr99cpoJRvoEE4cF_zJqDS4c4AiQ%3D&amp;source=gmail-html&amp;ust=1648821749794000&amp;usg=AOvVaw0bqGpwZUr4ir6-CqaD2uB2\"  rel=\"nofollow noreferrer\">www.vistaglobal.com<\/a><\/p>\n<p align=\"justify\"><strong>About\u00a0<\/strong><strong>Jet Edge<\/strong><br \/>\nJet Edge is a leader in full-service global private aviation. As an integrated super-midsize and large cabin management operator and maintenance provider, Jet Edge services aircraft owners and charter flyers with a world-class operational platform. Jet Edge extends individual clients and corporations 365-day-a-year access to one of the most well-appointed aircraft fleets in the world. Backed by award-winning safety programs and overseen by a leadership team with wide-ranging experience in commercial and private aviation operations and management, Jet Edge delivers excellence in aircraft management, charter management, on-demand charter, aircraft sales, and maintenance. More information can be found at\u00a0<a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3D-EkkM5DZ80R4dmdVtWsuWFL9sZXazqi3t9gOolxPVRDy3gx3NS4wLSdh81DGz-X32PW8zBSX536-RBTJ1W-gk9LaxpebQxaYkH83UBgoxWQ%3D&amp;source=gmail-html&amp;ust=1648821749794000&amp;usg=AOvVaw0B1BlLEAC0ZZbAT66yck6U\"  rel=\"nofollow noreferrer\">www.flyjetedge.com<\/a><\/p>\n<p align=\"justify\"><strong>Contacts<\/strong><br \/>\n<a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DBz0la4hXNoUj6bdqmXeEldovWeC0cWIySSZ2ncBLiC4rAhSO9I-aG9EhZg6u4bKzT6B6xVS5-ew08l-5w9-3Uc0i_0dy7IMvjyesTOTXlwY%3D&amp;source=gmail-html&amp;ust=1648821749794000&amp;usg=AOvVaw2fFicnNGHX-CGWdW6ML_mu\"  rel=\"nofollow noreferrer\">press@vistaglobal.com<\/a><\/p>\n<p align=\"justify\"><em>Vista Global Holding Limited (\u201cVista\u201d) does not own or operate any aircraft. All flights are performed by FAA-licensed\/DOT-registered EASA or U.S. certified Vista group direct air carriers and\/or partner operators. Vista holds non-controlling minority stakes in XOJET Aviation, GMJ Air Shuttle, Red Wing Aviation and Talon Air.<\/em><\/p>\n<p id=\"m_gnw_attachments_section-header\"><strong>Attachments<\/strong><\/p>\n<ul id=\"m_gnw_attachments_section-items\">\n<li><a href=\"https:\/\/www.google.com\/url?q=https:\/\/ml-eu.globenewswire.com\/Resource\/Download\/8af2f760-b476-492d-994b-dcebfedcae37&amp;source=gmail-html&amp;ust=1648821749794000&amp;usg=AOvVaw30PLN9u3M4ECnP0OxLRmQv\"  rel=\"noreferrer\">Vista acquisition \u2014 Jet Edge<\/a><\/li>\n<li><a href=\"https:\/\/www.google.com\/url?q=https:\/\/ml-eu.globenewswire.com\/Resource\/Download\/2c131dd0-51f3-479f-a3cd-66b4d1565f6d&amp;source=gmail-html&amp;ust=1648821749794000&amp;usg=AOvVaw1-sCuYhK3gbo5FvexsF5UX\"  rel=\"noreferrer\">Vista acquisition \u2014 Jet Edge<\/a><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vista acquisition \u2014 Jet Edge VISTA\u00a0STRENGTHENS\u00a0ITS\u00a0GLOBAL\u00a0AND U.S.\u00a0LEADERSHIP WITH\u00a0THE\u00a0ACQUISITION OF\u00a0JET EDGE\u2019S PLATFORM Acquisition of\u00a0the private aviation services platform of\u00a0Jet Edge, the fastest-growing North American charter operator,\u00a0significantly scales up\u00a0Vista\u2019s\u00a0U.S.\u00a0presence; The acquisition\u00a0provides\u00a0additional flexibility,\u00a0infrastructure\u00a0and\u00a0scale\u00a0to\u00a0support\u00a0its\u00a0growing\u00a0client\u00a0base and demand\u00a0across\u00a0North America; Vista clients\u00a0to access\u00a0100\u00a0additional\u00a0aircraft\u00a0,\u00a0including the largest charter\u00a0fleet of Gulfstream\u00a0jets\u00a0in\u00a0the\u00a0U.S.; Jet Edge Reserve Members and Aircraft Owners will benefit significantly from\u00a0Vista\u2019s\u00a0broader global fleet and\u00a0platform; [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vista strengthens its global and U.S. leadership with the acquisition of Jet Edge\u2019s platform - Myanmar News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myanmarnewsgazette.com\/vista-strengthens-its-global-and-u-s-leadership-with-the-acquisition-of-jet-edges-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vista strengthens its global and U.S. leadership with the acquisition of Jet Edge\u2019s platform - Myanmar News Gazette\" \/>\n<meta property=\"og:description\" content=\"Vista acquisition \u2014 Jet Edge VISTA\u00a0STRENGTHENS\u00a0ITS\u00a0GLOBAL\u00a0AND U.S.\u00a0LEADERSHIP WITH\u00a0THE\u00a0ACQUISITION OF\u00a0JET EDGE\u2019S PLATFORM Acquisition of\u00a0the private aviation services platform of\u00a0Jet Edge, the fastest-growing North American charter operator,\u00a0significantly scales up\u00a0Vista\u2019s\u00a0U.S.\u00a0presence; The acquisition\u00a0provides\u00a0additional flexibility,\u00a0infrastructure\u00a0and\u00a0scale\u00a0to\u00a0support\u00a0its\u00a0growing\u00a0client\u00a0base and demand\u00a0across\u00a0North America; Vista clients\u00a0to access\u00a0100\u00a0additional\u00a0aircraft\u00a0,\u00a0including the largest charter\u00a0fleet of Gulfstream\u00a0jets\u00a0in\u00a0the\u00a0U.S.; Jet Edge Reserve Members and Aircraft Owners will benefit significantly from\u00a0Vista\u2019s\u00a0broader global fleet and\u00a0platform; [\u2026]\" \/>\n<meta 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