Private aviation company VistaJet received a $150m in equity funding.
Rhône Capital has made the investment and, together with secondary acquisitions, will have a $200m stake in VistaJet. The transaction valued the company’s equity on a post-money basis in excess of $2.5 billion. In conjunction with the deal, Steven Langman, co-founder of Rhône, joined VistaJet’s board of directors.
Founded in 2004 by Thomas Flohr, VistaJet is one of the leading players in global private aviation. With an operations hub in Malta and main sales offices in London, Dubai, New York, Los Angeles, Hong Kong, Shanghai and Beijing, VistaJet has built a fleet of over 70 wholly-owned super midsized and ultra-long range aircraft, all with identical livery and design which are managed via a proprietary internally developed technology platform. This year, the company introduced VistaJet Direct, a new digital membership that gives customers priority access to available one-way and empty leg flights via the company’s app and website.
The company will use the proceeds to grow the business, both organically and by acquisition.