VistaJet Secures $600 Million Investment from Private Equity Group

VistaJet’s parent company, Vista Global Holding Limited, has secured a USD600 million investment from a consortium of investors led by RRJ Capital, based in Singapore. Other investors include Andalusian Private Capital, a New York-based firm founded by Jeffrey Kaplan and Nicholas Savasta. The deal is expected to close by the end of the month.

The funding will be used to enhance cash flow, reduce Vista Global’s debt, and optimize its capital structure. Currently, the Dubai-based company has USD4.4 billion in debt, largely due to aircraft purchases and acquisitions of rival companies. Vista initially sought up to USD1 billion from investors.

VistaJet operates a fleet of approximately 360 aircraft globally, through its subsidiaries VistaJet (Malta) and VistaJet (Germany), as well as through partnerships with other operators under the Vista America brand. The group’s services cater to a wide range of luxury and private aviation needs.

Despite the new investment, Vista Group founder and chairman, Thomas Flohr, stated that an initial public offering (IPO) is not currently planned, though he acknowledged that all options remain open. Flohr continues to be the majority owner of Vista Global, ensuring his continued leadership following the capital injection.

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