VistaJet Celebrates 15 Years with 31% Increase in New Memberships

VistaJet recently announced another record-breaking year with their year-on-year statistics continuing to grow. In 2018, there was a 31% increase in memberships and a 25% global increase in the number of flights it performed (up 46% in North America).

VistaJet recently announced another record-breaking year with their year-on-year statistics continuing to grow. In 2018, there was a 31% increase in memberships and a 25% global increase in the number of flights it performed (up 46% in North America).

Who is VistaJet?

The world’s first and only company to specialise in global business aviation.

As VistaJet moves into its fifteenth year, we take a look at this Malta-based company’s growing market share and strategy.

The History of VistaJet

VistaJet was founded in 2004 by Thomas Fohr with 2 aircraft that were based in Europe. In just 3 years, this operation increased to include 7 aircraft and also launched the groundbreaking program subscription model.

In 2008, it started to enter Asia, closely followed by the Middle East and Africa in 2010. Then, in 2013, the company entered the US market.

By 2017, the fleet had grown to over 70 aircraft, over 100,000 flights had been taken and the business was valued at $2.65 billion.

2018 – Another Record-Breaking Year

Thanks to the growing global trend of asset lite macro, VistaJet not only noticed growing memberships and flight numbers but a growth in the utilisation of flights, too. And with demands for comfort and longer flights, the fleet’s utilisation grew by 20% with each aircraft flying enough hours to be able to travel around the world 20 times each (on average).

Regionally, Europe proved incredibly popular for individuals and corporates wanting to fly by private jet hire, accounting for 48% of the company’s flights last year. There was also a significant rise in the number of new program members here (up 105%). The majority of this growth came from UK-based clients where new contracts doubled.

North America also played a key role in VistaJet’s growth last year, accounting for the biggest influx in flights, giving a rise of 46%. In order to cater to this, VistaJet ensures 21% of its global fleet is located within this market at any given time.

Other Key Points

Despite the private jet industry noting some weaknesses in the Middle East, this didn’t seem to apply to VistaJet. The number of passengers it serviced grew by 24% and flights by 38%. The majority of flights were within the UAE (29%).

Asia was another significant player for VistaJet with a 26% increase in flights. Singapore paved the way here with a 71% increase in the number of flights flying into or out of this country.

Overall, then, VistaJet’s continued growth and sterling financial performance clearly demonstrate the resilient and strong business model it has achieved, particularly amidst such challenging geopolitical and economic times.

Who is VisaJet?

The world’s first and only company to specialise in global business aviation.

As VisaJet moves into its fifteenth year, we take a look at this Malta-based company’s growing market share and strategy.

The History of VisaJet

VisaJet was founded in 2004 by Thomas Fohr with 2 aircraft that were based in Europe. In just 3 years, this operation increased to include 7 aircraft and also launched the groundbreaking program subscription model.

In 2008, it started to enter Asia, closely followed by the Middle East and Africa in 2010. Then, in 2013, the company entered the US market.

By 2017, the fleet had grown to over 70 aircraft, over 100,000 flights had been taken and the business was valued at $2.65 billion.

2018 – Another Record-Breaking Year

Thanks to the growing global trend of asset lite macro, VisaJet not only noticed growing memberships and flight numbers but a growth in the utilisation of flights, too. And with demands for comfort and longer flights, the fleet’s utilisation grew by 20% with each aircraft flying enough hours to be able to travel around the world 20 times each (on average).

Regionally, Europe proved incredibly popular for individuals and corporates wanting to fly by private jet hire, accounting for 48% of the company’s flights last year. There was also a significant rise in the number of new program members here (up 105%). The majority of this growth came from UK-based clients where new contracts doubled.

North America also played a key role in VisaJet’s growth last year, accounting for the biggest influx in flights, giving a rise of 46%. In order to cater to this, VisaJet ensures 21% of its global fleet is located within this market at any given time.

Other Key Points

Despite the private jet industry noting some weaknesses in the Middle East, this didn’t seem to apply to VisaJet. The number of passengers it serviced grew by 24% and flights by 38%. The majority of flights were within the UAE (29%).

Asia was another significant player for VisaJet with a 26% increase in flights. Singapore paved the way here with a 71% increase in the number of flights flying into or out of this country.

Overall, then, VisaJet’s continued growth and sterling financial performance clearly demonstrate the resilient and strong business model it has achieved, particularly amidst such challenging geopolitical and economic times.