XOJet Citation X
XOJet will keep its Cessna Citation Xs after its acquisition by Vista Global, which is currently an all-Bombardier operator. (Photo: XOJet)

XOJet Will Be Vista Global's 'Value' Charter Offering

Vista Global chief commercial officer Ian Moore told BJT that the acquisition of XOJet and launch of Vista Global will help to broaden its reach to more business aircraft users, in addition to helping consolidate a “fragmented industry.” The company expects to close on the sale by the end of next month.

“XOJet will be our value air charter proposition,” he said. “It will appeal to those who fly less than 50 hours a year and don’t mind riding in older super-midsize jets.” Meanwhile, VistaJet will continue to be aimed at the premium charter customer who flies 50 to 600 hours per year, offering both guaranteed availability and younger super-midsize and large-cabin jets.

VistaJet's New Parent Company To Acquire XOJet

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Acquisition is a “major strategic step forward” that builds on its existing global offering and reinforces its established position in North America.

Moore said there are no plans to change XOJet’s fleet composition, which includes Bombardier Challenger 300s and Cessna Citation Xs, despite VistaJet’s history as an all-Bombardier operator. “We will keep the Citation Xs,” he confirmed. “We always intended to be a multi-OEM operator at some point.”

And while XOJet will help to further open the U.S. market for Vista Global, Moore said the plans are to expand XOJet as a global air charter operator. "XOJet won't be limited just to the U.S.," he added.

Vista Global has also launched a business leasing arm, focusing on the super-midsize and large-cabin jet segments that the company already knows well. According to Moore, Vista Lease will offer wet leases on the four new Bombardier Global 7500s that Vista Global has on order, as well as preowned business jets.