Thomas Flohr launches Vista Global Holding, a revolutionary aviation group headquartered at the DIFC will spearhead the consolidation of the fragmented and expanding business aviation market. It is the first group that built the scale and the know-how to offer the entire set of private flying solutions for its clients, setting a new global benchmark for the industry.
Vista Global will offer the very first worldwide leasing and financing service for customer looking to purchase a dedicated aircraft. Complementing the consumer and trade offer, it will also support aviation companies looking to improve services to their clients through the most advanced technology; by providing and end to end platform in a very fragmented global operator marketplace.
“Vista Global has been my vision ever since I started VistaJet in 2004. I wanted to create something truly new, something that would industrialize and consolidate the fragmented business aviation market across the entire range of flight service offerings,” Thomas Flohr said. “It is a historic moment for aviation and is the first of its kind. Vista Global is unrivalled in its service to offer all clients the full range of business aviation services on a global scale—flights, technology, finance.”
In order to serve each pillar of customer needs, three companies are part of Vista Global, and the group is well positioned to make further acquisitions going forward:
- VistaJet: the leading global business aviation solution with a fully dedicated fleet for premium fliers offering guaranteed availability anytime and anywhere around the globe
- Vista Lease: the global aircraft leasing and financing company for client dedicated aircraft solutions;
- TechX: the cutting-edge aviation technology firm offering end to end solutions for both customers and operators
The launch of Vista Global is backed by longstanding supporters of Thomas Flohr’s enterprises, the global private equity firm Rhône Group. The financial group is investing an additional $200mn, strengthening Vista Global’s balance sheet as it looks to take advantage of future acquisition opportunities.
Steven Langman, chairman and co-founder of Rhône Group, said: “Our investment in Vista Global builds on the relationship with Thomas Flohr and the support for VistaJet we announced last year. In Vista Global we see the organization that will transform the nature of the business aviation sector and the one that is best-placed to take advantage of the changes of the industry. Vista Global’s business model and strategy give it a superior position in the market place. We could not be more pleased to have invested in such a dynamic industry pioneer.”