VistaJet Makes Billion Dollar Bet On Post-COVID Business Travel Rebound

vistajet makes billion dollar bet on post covid business travel rebound

VistaJet, a unit of Dubai-based Vista Global Holding, this morning announced plans to add a billion dollars in new private jets over the next 24 months. It said the move reflects increased demand from corporate executives. The additional aircraft are all from Bombardier. Plans call for accepting a dozen ultra-long-haul Global 7500s, plus a new order for 10 super-midsize Challenger 350s.

While the global private jet charter market has recovered to near pre-COVID-19 levels, it has done so mainly on the back of new flyers and UHNW leisure travelers flying between second homes.

VistaJet and Vista Global Holding chairman and founder is planning to accept a billion dollars in … [+] new private jet deliveries over the next two years spurred by interest from the corporate travel sector. (Photo by Nora Tam/South China Morning Post via Getty Images)

South China Morning Post via Getty Images

By crediting its decision to increased interest from the C-suite, the move could signal concerns that CEOs might eschew in-person meetings for Zoom are unfounded. Across the business travel sector – from hotel companies to airlines – there have been questions if a “new normal’ would cut the wings from road warriors going forward…

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