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Dubai-based private jet operator Vista Global holds SPAC merger talks

Dubai: Vista Global Holding Ltd., a private aviation provider that competes with Warren Buffett s NetJets, is in talks to go public through a merger with a special purpose acquisition company, according to people familiar with the matter. A transaction could value Vista at more than $10 billion including debt, said the people, who asked not to be identified because the information is private. The company has projected 2021 earnings before interest, taxes, depreciation and amortization of about $450 million, a person briefed on the matter said. Terms of a potential deal haven t been finalized, and the identity of the blank-check firm in talks with Vista couldn t immediately be learned.

Private Jet Operator Vista Global Holds SPAC Merger Talks

Private Jet Operator Vista Global Holds SPAC Merger Talks This content was published on June 9, 2021 - 08:37 June 9, 2021 - 08:37 (Bloomberg) Vista Global Holding Ltd., a private aviation provider that competes with Warren Buffett’s NetJets, is in talks to go public through a merger with a special purpose acquisition company, according to people familiar with the matter. A transaction could value Vista at more than $10 billion including debt, said the people, who asked not to be identified because the information is private. The company has projected 2021 earnings before interest, taxes, depreciation and amortization of about $450 million, a person briefed on the matter said. Terms of a potential deal haven’t been finalized, and the identity of the blank-check firm in talks with Vista couldn’t immediately be learned.

Wheels Up Announces Record Revenue for First Quarter 2021

Wheels Up Announces Record Revenue for First Quarter 2021 Strong year-over-year revenue growth of 68% Investment in innovation, products, and technology drives significant momentum in ongoing strategic plan News provided by Share this article Share this article NEW YORK, May 20, 2021 /PRNewswire/  Wheels Up Partners Holdings LLC ( Wheels Up ) today announced financial results for the first quarter which ended March 31, 2021. First Quarter 2021 Highlights Active Members grew 56% year-over-year to 9,896 Adjusted EBITDA improved by $8.4 million year-over-year to ($8.7) million Net loss improved by $12.3 million year-over-year to ($32.2) million We started this year strong, with record revenue driven by increased flying from our significant membership growth, and contributions from recent acquisitions. Our customers are flying longer distances and across all fleet categories. It is clear they continue to see the value in our trusted brand, reputation for exceptional ser

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