Vista accelerates industry consolidation with the
VIEW ACCELERATED INDUSTRY CONSOLIDATION WITH THE THE ACQUISITION OF AIR HAMBURG, EUROPE’S FIRST CHARTER OPERATOR
- The acquisition of AIR HAMBURG sto strenghtenns Viewit’s position across Europe and the Middle EastErn markets;
- On a combined basis, the transaction would see View to augment flight hours by ~30% worldwideand have a ~15% global charter market share Marlet;
- 44 Additional aircraft available to members across VistaJet and XO fleets, bringing Vista’s global total group fleet for more than 240 planeincluding ownership and managed;
- Eexperimented AIR HAMBURG the management team remaining in posts;
- Jthe transaction is expected to be completed in the first half out of 2022subject to customary closing conditions and regulatory approvals;
- Following the recent success integrations of Red Wing Aviation, Apollo Jets and Talon Air in Vistait’s global infrastructure.
dubai, February 212022: Vista Global Holding (Vista), the world’s leading private aviation group, announces that it has reached an agreement to acquire the operating platform and maintenance services of AIR HAMBURG.
Founded in 2006, AIR HAMBURG has grown to become one of the most established full-service private airlines, flying to over 1,000 destinations in Europe alone. It is the largest private jet operator by number of flights across Europe, operating more than 18,800 flights for its customers in 2021, and it is second only to Vista in terms of flying hours, recording more than 35,000 hours in 2021. As a result, Vista expects an increase of approximately 30% in flight hours (on a combined basis) worldwide following the closing of the transaction.
Thomas Flohr, Founder and President of Vista, said: “Today’s announcement brings a renowned institution in the European private aviation market into the Vista Group and complements our growth and service offering across Europe and the Middle East. AIR HAMBURG is an impressive, well-established and profitable company with a long-standing track record of best-in-class customer service – like Vista, it is known for its reliability and consistency in a scalable fleet and high utilization.
“Vista’s leading flight solutions, with a floating fleet-based business model, allow us to implement rapid and seamless integration. It’s another demonstration of Vista’s unparalleled commitment to ensuring all our members have access to the best flight solutions around the world at all times.
It’s incredibly exciting to welcome over 650 new, highly qualified colleagues to join the Vista family of experts at one of the most exciting times in our industry. It has been an absolute pleasure to work closely with the management team to ensure that both companies take full advantage of global opportunities in the rapidly expanding private aviation market.
The acquisition will increase Vista’s scale and fleet offering in key strategic regions and bring together two long-established, reputable companies with a shared vision to deliver the most reliable and consistent flight solutions and the best experiences. to their members. The merger is the latest step in Vista’s relentless transformation of the highly fragmented business aviation ecosystem. Following strong global demand for private aviation services from new and existing customers, this move builds on the recent integrations of Apollo Jets, Talon Air and Red Wing Aviation.
In addition to a thriving charter business, Vista will incorporate AIR HAMBURG’s world-class EASA Part 145 maintenance center at Baden Baden Airpark, as well as its Executive Handling division and VIP lounge at Hamburg Airport which will be available for Vista members.
Floris Helmers, AIR HAMBURGCEO and Managing Director of noted“This is an incredible opportunity to stay on top of the growing business aviation market. Over the past three years, we have experienced strong growth, significantly increasing our market share in Europe and beyond. This cooperation between two of the largest operators means increasing our stability and ensuring the growth of our business, while allowing our team to show its strength and skills to the most sophisticated clientele. We look forward to this next chapter by joining the Vista group.
AIR HAMBURG’s growing private jet operation complements Vista-owned fleet services, and its 44 contracted aircraft, including Lineage 1000E, Dassault Falcon 7X and Embraer Legacy models, will be available to all Vista members.
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Subsidiaries of Vista Global Holding (Vista) provide business flight services worldwide. A global group headquartered at the DIFC in Dubai, Vista integrates a unique portfolio of companies offering assetless services to cover all key aspects of business aviation: guaranteed and on-demand global flight coverage; subscription and membership solutions; and state-of-the-art mobility technology. The group’s mission is to lead change to provide customers with the most advanced flight services at the best value, anytime, anywhere in the world. Vista’s knowledge and understanding of all facets of the industry provides the best end-to-end offering and technology to all business aviation customers, through its VistaJet and XO branded services and duly authorized carriers. Vista is not a direct carrier and does not operate charter flights.
More Vista news and information at www.vistaglobal.com
On AIR HAMBURG
Since April 2006, the AIR HAMBURG Group has been a full-service aviation provider based in Hamburg, Germany, employing over 650 people and consists of:
AIR HAMBURG PRIVATE JETS
AIR HAMBURG Private Jets is Europe’s leading group and largest charter airline. Its fleet of 44 jets consists of: Lineage 1000E, Falcon 7X, Legacy 600/650/650E, Legacy 500, Praetor 600, Cessna Citation XLS+, Phenom 300/300E as well as Cessna Citation CJ3.
Over the past three years, the company has experienced strong growth, welcoming around 10 new jets per year and significantly increasing its market share. Its exceptional service has been recognized by industry bodies including the ACA Excellence Award for “Best Executive Passenger Charter Operator” and IS-BAO and Wyvern-Wingman certifications.
With a floating fleet business model, its private jets are strategically positioned around the world to provide the most streamlined service possible. No matter where customers are in the world, AIR HAMBURG Private Jets can have a jet with them in no time, ready to fly to any destination, even at short notice, and in hard-to-reach areas . Its operations control center takes care of everything while passengers relax or plan their next meeting.
More information and news at www.air-hamburg.de
AIR HAMBURG TECHNICAL
Where ultimate efficiency and the highest standards meet. When it comes to Embraer Lineage 1000E, Legacy 600/650/650E, Praetor 600, Legacy 500/450, Cessna Citation XLS+ aircraft and Embraer Phenom 300/300E — AIR HAMBURG TECHNIK is the team to call. Private aviation is a 24/7 activity that requires speed and flexibility. Servicing the fleet of over 40 AIR HAMBURG Private Jets aircraft has enhanced the experience in highly responsive support.
The EASA Part 145 maintenance organization is based at Karlsruhe/Baden EDSB airport. Located in the heart of Europe, the base has a hangar, line and heavy maintenance, special aircraft tools, test equipment and a parts logistics center.
More information and news at www.ahtechnik.de
Vista Global Holding Limited (“Vista”) does not own or operate any aircraft. All flights are operated by direct carriers and/or FAA-approved/DOT-registered or EASA-certified or US-certified partner carriers. Vista holds non-controlling minority interests in XOJET Aviation, GMJ Air Shuttle, Red Wing Aviation and Talon Air.