Latest VistaJet Cash Infusion Raises Equity to $2.5B

Investment funds affiliated with Rhône Capital have pumped another $150 million of funding into VistaJet, taking Rhône's full stake in the membership air charter firm to $200 million, the companies announced recently. VistaJet’s equity, including all outside financing, now exceeds $2.5 billion, it claimed.

The company’s all-Bombardier fleet now embraces more than 70 wholly owned aircraft, among them Challenger 350s, 605s, and 850s, as well as Global 5000s and 6000s. Earlier this year, the charter provider introduced VistaJet Direct, a digital membership that gives customers priority access to available one-way and empty-leg flights via the company's app and website.

In the first half of this year, VistaJet’s profits climbed 32 percent year-over-year as subscription program hour sales surged 51 percent and program membership revenue soared 63 percent. The company also reported a 91 percent customer-retention rate of in the first half.

Jefferies LLC acted as the financial advisor to VistaJet in connection with the transaction, while Linklaters provided legal representation to VistaJet and Flohr.