VistaJet positions to seize larger market share in 2018

VistaJet has reported its strongest ever year in 2017, flying more than 50,000 passengers in one year for the first time. It increased its market share across the globe and recorded double digit growth in flight hours in both the US and Asia. Following investment from funds affiliated with Rhône Capital, the company’s equity is valued in excess of $2.5 billion, cementing its position as one of the top five European unicorns

by funding.

VistaJet performed strongly in the Middle East and continued to grow its market share in the US and Asia. While the market as a whole in the US grew by low single digits, VistaJet saw its flight hours increase by 38 per cent year-on-year, and the number of flights by 49 per cent.

Flight hours in Asia increased by 16 per cent, and Europe accounted for 41 per cent of the total, with the UK making up 26 per cent, France 19 per cent and Italy 11 per cent of regional flights. Founder and chairman Thomas Flohr says: “Last year was undoubtedly a transfor-mational year for VistaJet, and a turning point in its history. With the investment from Rhône Capital, we are now firmly established as one of Europe’s leading and most exciting unicorns, and one of the only companies in the business aviation market to be valued in excess of $1 billion.”