Nasdaq GlobeNewswire

Thomas Flohr Launches Vista Global to Consolidate Fragmented Business Aviation Market, Supported by a Further $200m Investment

Del
  • Vista Global Holding is set to consolidate the business aviation industry
  • Endorsed by further $200m investment from global private equity firm Rhône Group
  • Headquartered at the Dubai International Financial Centre (DIFC)
  • The fully integrated group will offer global, all-encompassing, asset-lite services for every customer:
    • For guaranteed access to aircraft: VistaJet’s Program, available anytime, anywhere around the globe, clients only buy the hours they need;
    • For dedicated aircraft: Vista Global’s leasing and trade-in solutions for business aviation;
    • For the On Demand market: simple and efficient technology-based fleet solutions, where clients get instant online access to aircraft;
    • For the marketplace and operators: proprietary technology upgrading and automating the entire communication flow between end client and aircraft operators.

DUBAI, Sept. 11, 2018 (GLOBE NEWSWIRE) -- Today Thomas Flohr launches Vista Global Holding (“Vista Global”), a revolutionary aviation group headquartered at the DIFC which will spearhead the consolidation of the fragmented and expanding business aviation market. Vista Global is the world’s most comprehensive business aviation group and is built on four pillars with complementary services for consumers and trade. It is the first group that has 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’s fleets will provide every customer with asset-lite solutions to fly point to point anytime, anywhere at a moment’s notice - either with guaranteed aircraft availability or On Demand. In addition, Vista Global will offer the very first worldwide leasing and financing service for customer looking to purchase a dedicated aircraft. Complementing its consumer and trade offer, Vista Global will also support aviation companies looking to improve services to their clients through the most advanced technology, providing an end to end platform in a very fragmented global operator marketplace.

The Group is headquartered at the DIFC, the leading financial center that serves global clients from all destinations as well as its exceptionally strong connection to business aviation travelers in the whole world.

“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 today, 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 $200 million, 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.”

Vista Global’s premier flight service offer is VistaJet, the market-leading aviation operator founded in 2004. The company pioneered an innovative business model where customers have access to an entire global fleet whilst paying only for the hours they fly, free of the responsibilities and asset risk linked to aircraft ownership. VistaJet provides members the ultimate service on its fleet of over 70 branded silver with red stripe jets and with guaranteed availability to service over 96% of the world.

Vista Lease will start operations in 2019. Thomas Flohr and his team from a former aircraft leasing and trading business have developed substantial experience and reputation in the space, with the prior company having ordered, financed and delivered a book of over $1.5bn of fixed assets between 2012 through 2017. Vista Lease will hold several options for Global 7500 aircraft, as well as having the capitalization to act as principal buyer in the pre-owned segment and then offer its inventory for lease directly to its customers, who seek a dedicated aircraft solution. The company will disrupt an unnecessary and dated process which involves customers being forced through a broker to broker chain and will look after an addressable market of over 7,000 super midsized and ultralong range jet aircraft.

TechX is the aviation technology pillar, with 50 technology specialists and will build off and further enhance existing proprietary technology. The company’s mission is to create end-to-end services to allow companies to find customers, manage bookings, track flights and plan trips directly with operators, all on one platform. Furthermore, TechX provides its partners with technology and data science to deliver a personalized service to their customers, effortlessly. TechX addressable market are all 40,000 fix and rotor wing business aircraft in use around the globe.

Vista Global plans to expand its fleet within the next 3 years, further strengthening its current global coverage and infrastructure to serve every customer’s needs around the globe.

View launch video here.

About Vista Global Holding
Vista Global Holding is the world leader in business flight solutions. A global group headquartered in Dubai, Vista Global integrates a unique portfolio of companies offering innovative solutions to cover all key aspects of business aviation: global flight coverage, aircraft leasing and finance, and technology infrastructure innovation.

Founded by Thomas Flohr, the group’s mission is to further industrialize and consolidate the fragmented industry of business aviation and lead the change to provide customers with the most advanced flying solutions and very best value, anywhere, anytime around the globe. The group owns VistaJet, Vista Lease and Tech X, whose joint knowledge and understanding of all the facets of the industry delivers the best end-to-end offering, service and technology to any business aviation customer or platform.

About Rhône Group
With over 20 years of investing experience, Rhône Group and its affiliates comprise a global alternative investment management firm with approximately $5.5 billion in assets under management. The firm focuses its private equity investments in market leading businesses with a pan-European or transatlantic presence and global growth opportunities. Rhône has invested in a diversified portfolio of companies including those in the chemical, consumer product, food, packaging, specialty material, business services and transportation sectors. 

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e886b8da-01a4-4162-af4e-13afabfcc97b

Om Nasdaq GlobeNewswire

Nasdaq GlobeNewswire
Nasdaq GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

+1 212 401 8700http://www.nasdaqomx.com

NASDAQ (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents.

Følg saker fra Nasdaq GlobeNewswire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Nasdaq GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Nasdaq GlobeNewswire

ERYTECH Announces Enrollment of First Patients in Phase 3 Clinical Trial Evaluating Eryaspase for the Treatment of Second Line Pancreatic Cancer20.9.2018 07:30Pressemelding

LYON, France and CAMBRIDGE, Mass., Sept. 20, 2018 (GLOBE NEWSWIRE) -- ERYTECH Pharma (Euronext Paris: ERYP - Nasdaq: ERYP), a clinical-stage biopharmaceutical company developing innovative therapies by encapsulating drug substances inside red blood cells, today announced that the first three patients have been enrolled in its pivotal Phase 3 clinical trial, named ‘TRYbeCA1’, evaluating its lead product candidate eryaspase for the treatment of second line metastatic pancreatic cancer. The TRYbeCa1 (NCT03665441) trial will enroll approximately 500 patients with second line metastatic pancreatic cancer in 120-130 clinical sites in Europe and the US. Patients who meet the eligibility criteria are randomized 1-to-1 to receive eryaspase in combination with standard chemotherapy (gemcitabine/abraxane or irinotecan -based regimen) or chemotherapy alone until disease progression. The primary endpoint is overall survival. An interim analysis is foreseen when approximately two-thirds of events ha

NEP GROUP RECOGNIZED AT THREE AWARDS SHOWS DURING IBC 201819.9.2018 16:17Pressemelding

Leading Outsourced Technical Production Partner Takes Home Top Honors at the SVG Europe Sport Production Awards, and was a Finalist for an IABM BaM™ Award 2018 and Two IBC2018 Innovation Awards PITTSBURGH and AMSTERDAM, Sept. 19, 2018 (GLOBE NEWSWIRE) -- NEP Group is thrilled to announce today that the company received recognition for their leading innovations, along with their client partners, at this year’s IBC Show. NEP The Netherlands’ Remote Commentary solution won the SVG Europe Sport Production Award for Outstanding Technical Achievement, Audio and was a finalist for an IABM BaM™ Award award for Project, Collaboration or Event. NEP’s Mediabank product was a finalist for an IBC2018 Innovation award for Content Distribution and NEP Finland was a finalist in the Content Everywhere category. “At NEP, one of our core values is client-driven innovation, and we are entirely committed to developing new technology that solves real-world challenges and delivers exceptional results. It’s w

Panini Hires Dan Napoles as Senior Vice President, Global Technical Services19.9.2018 14:36Pressemelding

Addition to Panini Executive Leadership Team DAYTON, Ohio, Sept. 19, 2018 (GLOBE NEWSWIRE) -- Panini is pleased to announce that effective September 17, 2018, Dan Napoles joined the company as Senior Vice President, Global Technical Services (GTS) and will lead the company’s technical services functions worldwide including services delivery, services program definition & development, GTS commercial results & operational excellence, and GTS strategic direction & growth. Napoles will be instrumental to Panini’s strategy to support continued growth while extending its market leadership position. Mr. Napoles comes to Panini after a highly successful career in services with Avery Dennison, a $6.6 billion global materials science and manufacturing company with operations in more than 50 countries. During his tenure with Avery Dennison, Dan started as a field engineer in Los Angeles CA, servicing printers and radio frequency security systems, including system installation and contract sales r

Flashpoint Global Channel Program Welcomes New Talent to Accelerate Growth in EMEA Region19.9.2018 12:00Pressemelding

Appointment of Industry Veteran Reinforces Company’s Commitment to Partnerships, International Expansion NEW YORK, Sept. 19, 2018 (GLOBE NEWSWIRE) -- Flashpoint, the global leader in Business Risk Intelligence (BRI), today announced that industry veteran Roy Pickard has joined the company as channel sales manager for Europe, the Middle East and Africa (EMEA). His appointment as the first EMEA-based member of the Flashpoint Global Channel Program (GCP) team marks the latest international milestone for the company, following its successful expansion in Asia Pacific and Latin America earlier this year. Pickard brings more than two decades of experience forging lasting partnerships and strengthening channel portfolios at esteemed security and technology enterprises including Resolve Systems, Tufin, Carbon Black, FireEye, Safenet Inc., and TrendMicro. At Flashpoint, he will lead recruitment, development, and enablement initiatives for channel partners throughout EMEA. Given the immense size

FOUR IN FIVE EXECUTIVES AGREE AGILITY IS MOST IMPORTANT CHARACTERISTIC OF A SUCCESSFUL ORGANIZATION18.9.2018 16:03Pressemelding

New research by Forbes Insights and sponsored by Scrum Alliance brings light to the “elusive” Agile enterprise Denver Colorado, Sept. 18, 2018 (GLOBE NEWSWIRE) -- PRESS RELEASE FOR IMMEDIATE RELEASE: MEDIA CONTACT: September 18, 2018 Heather Leigh, Public Relations Director 720-443-7314,hleigh@scrumalliance.org www.scrumalliance.org SEPTEMBER 18, 2018 – DENVER, CO – A new report by Forbes Insights finds 81 percent of respondents agree on the critical importance of agility when it comes to leading a successful organization. The report, “The Elusive Agile Enterprise,” was sponsored by Scrum Alliance, a Scrum certifying body and the largest professional association of Agile practitioners worldwide. In preparing the report, the Forbes Insights team surveyed more than 1,000 C-level executives worldwide, and also conducted one-on-one interviews with leaders of select “champion” organizations, including GEHealthcare, J. Walter Thompson Company, Nokia, Team WIKISPEED, Toyota Connected and Unis

Cloudian Joins iRODS Consortium18.9.2018 15:00Pressemelding

HyperStore Enterprise Object Storage Validated with iRODS Platform SAN MATEO, Calif., Sept. 18, 2018 (GLOBE NEWSWIRE) -- Cloudian today announced the company has joined the iRODS Consortium, the foundation that leads development and support of the integrated Rule-Oriented Data System (iRODS). Testing for HyperStore enterprise object storage with iRODS is complete, and users may now deploy the combined solution where local workflows require cost-effective, exabyte-scalable storage and ease of integration. iRODS is free open source software for data discovery, workflow automation, secure collaboration and data virtualization used by research and business organizations around the globe. Easily deployed in an existing infrastructure, iRODS creates a unified namespace and a metadata catalog of all the data and users within the storage environment. With the iRODS rule engine framework, users can completely automate an organization’s data management policy. “We’re thrilled to be working with

I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.

Besøk vårt presserom