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The post Vista acquires charter operator Air Hamburg appeared first on TD (Travel Daily Media) Travel Daily.
Dubai-based Vista Global Holding, a leading private aviation group, has entered into an agreement to acquire Air Hamburg’s operating platform and maintenance services, a Vista statement said. Founded in 2006, Air Hamburg has become one of the most well-established full-service private aviation companies, flying to over 1,000 destinations in Europe alone.
It is the largest private jet operator by number of flights across Europe, organising over 18,800 flights for its clients in 2021, and it is second only to Vista in terms of hours flown, recording over 35,000 hours in 2021. Vista expects an increase of around 30% in flight hours (on a combined basis) globally following the completion of the transaction.
Thomas Flohr, Founder and Chairman, Vista said: “The announcement brings a renowned institution of 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 business with a long-standing track record in best-in-class client service — like Vista, it is known for its reliability and consistency throughout a scaling fleet and high utilisation.
The acquisition will augment Vista’s scale and fleet offering across key strategic regions and brings together two long-established reputable companies with the shared vision of delivering the most reliable and consistent flying solutions and 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 clients, the move builds on the recent integrations of Apollo Jets, Talon Air and Red Wing Aviation, Vista said.
In addition to a thriving charter business, Vista will integrate Air Hamburg’s world-class EASA Part 145 maintenance hub at Baden Baden Airpark, along with its Executive Handling division and VIP lounge at Hamburg Airport which will be available for Vista members to use.
The post Vista acquires charter operator Air Hamburg appeared first on Travel Daily.
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