Vista Global reports 2021 market update, overview of companies’ 2020 performance

KUALA LUMPUR, Jan 25 -- Vista Global, the private aviation group founded by Thomas Flohr has provided a 2021 market update and overview of its companies’ 2020 performance and core strategic priorities, showcasing a positive outlook against a challenging global backdrop.

During 2020, the Group’s VistaJet, the first and only global business aviation company, saw an increase of 29 per cent globally in new subscription memberships year-on-year, with Europe accounting for 43 per cent of new Members, North America (25 per cent), Asia (18 per cent) and the Middle East (10 per cent).

It was also a record year for VistaJet’s On Demand services, with bookings growing substantially at over 15 per cent year-on-year.

According to a statement, the Company expects to see a continuation in this extraordinary explosion in demand from both corporate and first-time fliers wanting to conduct travel safely and without delays globally. 

Meanwhile, XO, the Group’s leading On Demand technology platform, recorded a surge in new client memberships of more than 3x in 2020, with each depositing an average of US$100k deposit, guaranteeing future flying. (US$1 = RM4.044)

By delivering a best-in-class digitally native user experience, XO is set to continue to grow significantly in the coming years, servicing both large enterprises and individual consumers.

Vista Global is confident of further significant subscription membership growth. The Group’s highly generative cash model and prudent financial decisions made through 2020 have resulted in a robust liquidity position, with broad access to capital, to be able to support its growth plans.

Clients are increasingly demanding digital solutions in the modern economy. Vista Global’s proprietary technology gives it a significant advantage in the industry, creating superior client value and elevated end-to-end experience.

-- BERNAMA