KUALA LUMPUR, April 10 (Bernama) -- Vista Global Holding, a Dubai-based world leader in business flight solutions has entered into an agreement to acquire JetSmarter, creating the global on-demand digital marketplace.
JetSmarter’s innovative marketplace technology will fulfill Vista Global’s digitisation strategy, providing all customers with unmatched end-to-end service and seamless booking experience.
The acquisition will also enhance Vista Global’s formidable position, offering the largest suite of services and advanced technologies to every private aviation customer.
JetSmarter’s platform will be integrated into the back-end technology of Vista Global’s brands, namely VistaJet, Vista Lease and XOJET.
The integration will significantly improve the ease and speed of the booking process for the 150,000 passengers travelling with any of the Vista Global companies each year.
Vista Global’s founder and chairman, Thomas Flohr said the company’s reach and infrastructure would take JetSmarter to the global stage to fully realise its potential.
Following the acquisition, JetSmarter’s customers will also benefit from the reach, resources and operational expertise of Vista Global group.
Its growing customer base will have access to a wider fleet, wherever they are in the world, and enjoy the highest standards in private aviation as they join the Vista Global family.
The transaction is expected to be completed in the second quarter, subject to customary closing conditions, including the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.
All JetSmarter investors, inclusive of Clearlake Capital and Jefferies Financial Group, will become investors in Vista Global, supporting its future growth. Jefferies LLC acted as financial advisor to JetSmarter.
-- BERNAMA
No comments:
Post a Comment