VistaJet Secures $1.3bn Funding, Boosts Revenue Despite UK Loss
VistaJet, the global private aviation company, has seen significant financial activities recently. Headquartered in Malta with key bases in the US and Asia, the VistaJet group has been making strategic moves to strengthen its position in the market.
In 2024, VistaJet raised a substantial $1.3bn to pay down debt, with $600m coming from RRJ Capital and a £400m loan. This funding round follows a trend of investment in the private aviation sector, with Flexjet, the world's second-largest private jet company, securing $800m in new funding and being valued at around $4bn.
Founded by Swiss billionaire Thomas Flohr in 2004, VistaJet has grown to operate a fleet of 214 aircraft, including 174 owned and 40 leased, as of 2024. Despite a slight dip in profitability, with VistaJet UK reporting a pre-tax loss of £5.7m compared to a £9.2m profit in the prior year, the company's revenue has continued to rise, increasing from £90.9m to £93.4m between 2023 and 2024.
VistaJet's recent funding round and revenue growth indicate a resilient business model, despite the loss reported by its UK subsidiary. With a strong global presence and a significant fleet, the company continues to be a key player in the private aviation industry.
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