Malta’s VistaJet Set for $600M Investment from RRJ Capital: Report

VistaJet Group Holding, a leading global provider of private charter and business jet services, is on the verge of securing a significant investment deal. According to Bloomberg, a consortium led by Singapore-based private equity firm RRJ Capital is finalizing the purchase of over $600 million in convertible preference shares in the company. This move is aimed at bolstering VistaJet’s financial position ahead of a planned initial public offering (IPO) within the next three years.

The insiders, who preferred anonymity due to the private nature of the discussions, indicated that the agreement could be concluded in the coming weeks. This strategic investment would allow the consortium members to convert their shares into ordinary shares once VistaJet goes public. The timing and venue for the IPO are still under consideration.

Established in 2004 by Thomas Flohr, VistaJet has grown to operate a diverse fleet of 98 aircraft based out of Malta International under the brand VistaJet (Malta) (VJT). The group also holds an Air Operator Certificate (AOC) in Germany and collaborates with various local operators in the US under the Vista America brand, collectively managing around 360 aircraft globally.

This investment is expected to play a crucial role in reducing VistaJet’s substantial debt load, which currently stands at approximately $4 billion. RRJ Capital, founded in March 2011 by Richard Ong, manages around $16 billion in long-term capital and has investments across healthcare, finance, technology, and logistics sectors. The firm’s involvement with VistaJet underscores its strategy of investing in high-potential industries globally.

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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com