Vista Group Chair speaks on the trajectory of private jets in Africa
Vista, the group behind VistaJet, saw a 25 per cent increase in flights across Africa last year as more and more passengers consider flying private jets. How will the next few years shape the trajectory of flying private jets in Africa? CNBC Africa’s Julius Bizimungu spoke exclusively to Thomas Flohr, the Founder and Chairman of Vista for more.
Thu, 09 Feb 2023 18:43:23 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Increased demand for private jet travel in Africa due to efficiency and flexibility benefits
- Vista navigates challenges of COVID-19 pandemic and rising jet fuel prices through a subscription-based model
- Vista's long-term strategy includes expanding fleet and geographic presence in Africa to cater to growing demand
The landscape of private jet travel in Africa is rapidly evolving, with VistaJet experiencing a 25% increase in flights across the continent last year. Thomas Flohr, the Founder and Chairman of Vista, shares insights into the trajectory of private jet travel in Africa and the role of Vista in meeting the growing demand for personalized air travel solutions. Flohr emphasizes the efficiency and flexibility that private jets offer, providing direct point-to-point connections between countries and allowing passengers to adhere to their own schedules. Despite the challenges of owning and operating a private jet, Vista has witnessed a steady increase in the use of private jets in Africa over the last decade. The collapse of commercial infrastructure due to the COVID-19 pandemic has further accelerated this trend, as more individuals and corporations turn to private jets for reliable and efficient travel options. Flohr highlights the value of private jets as essential business tools rather than mere luxuries, enabling leaders to maximize their time and resources efficiently. The global economic crisis and rising jet fuel prices have not deterred the growth of Vista, with the company successfully passing on the fuel costs to clients through a minimal increase in hourly flying costs. Vista's subscription-based model offers a more cost-effective alternative to traditional ownership, attracting corporations seeking flexible and on-demand private jet services. Looking ahead, Flohr outlines Vista's long-term strategy for Africa, with plans to expand their fleet and geographic presence on the continent in the next three to five years. The company aims to cater to the increasing demand for private jet travel in Africa by offering personalized and accessible flight options. As Vista continues to innovate and adapt to market trends, the future of private jet travel in Africa is poised for sustained growth and affordability. Flohr also addresses the importance of sustainable aviation fuel in the industry, underscoring Vista's commitment to achieving carbon neutrality by 2025 through aggressive offset programs and investments in sustainable fuel sources. While the prospect of electric jets remains distant due to regulatory constraints and infrastructure limitations, Vista remains focused on leveraging existing technology, such as the Global 7500 aircraft, to meet the evolving needs of private jet travelers in Africa and beyond.