VistaJet Says Flight Hours Grew 17 Percent to 200,000 Last Year

The private aviation company attributes the growth in part to new subscribers and expansion in Africa, Asia, and the Middle East.

Jonathan Welsh

Tuesday, February 13, 2024 at 06:00 PM ET

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A VistaJet aircraft [Courtesy: VistaJet]

Key Takeaways:

VistaJet reported significant growth in 2023, with a 17 percent increase in flight hours to 200,000, 87,000 flights (18% more than 2022), and its private aviation market share reaching 5 percent globally.
The company expanded its worldwide presence, with over 50 percent of total flight hours logged outside the U.S., and saw record growth in its three-year subscription clients, accounting for 60 percent of on-fleet revenue.
VistaJet enhanced its service and fleet, expanding its Global 7500 members program and refurbishing 93 aircraft in 2023, with plans to further increase market share by optimizing underutilized jets.

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VistaJet said its fleet flew 200,000 hours in 2023, an increase of 17 percent over the previous year, and its share of the private aviation market reached a total of 5 percent, driven by growth across its business units.

VistaJet said its worldwide presence continued to improve last year with more than 50 percent of its total flight hours logged outside the U.S. During 2023 the private aviation company expanded its operation in Africa, Asia, and the Middle East in response to increased demand.