XO Jet becomes part of Vista group

The third largest US business jet charter operator by flight hours, XO Jet, which is part-owned by Abu Dhabi’s Mubadala, has been bought by Vista Global.
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Vista – led by Swiss entrepreneur Thomas Flohr, has just announced that the group holding company is establishing its headquarters in Dubai.
VistaJet was launched in the US in 2013. “The journey started when I first saw an opportunity in the fragmented and inconsistent offering across the industry. Vista Global’s mission is to provide customer-centric solutions for every segment of business aviation and today’s announcement is a major step in that direction,” Flohr said. ,
XOJET will continue to operate independently, under a new joint venture company, with control and leadership remaining in US hands to meet airline ownership regulations. The carrier has a fleet of 44 business jets, which includes 27 Cessna Citation Xs.
 

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