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Search resuls for: "Vistajet"


18 mentions found


☆ Dubai’s millionaires are fueling a private jet boom
  + stars: | 2024-09-26 | by ( Lucy Cormack | ) edition.cnn.com   time to read: +9 min
Dubai, UAE CNN —It’s 3am at the VIP airport terminal of Dubai’s Mohammed Bin Rashid Aerospace Hub and an ultra-long range aircraft is readying for take-off. The luxury, 14-seat private jet is headed for Europe, just as soon as its main passenger and his entourage arrive. It’s an elite club that enjoys private jet travel, which can cost anywhere from $50,000 to $200,000-plus for a single leg. Mouallem said the private aviation industry was accustomed to “different kinds of shifts across the world with banning private aviation,” insisting that the focus should be not on banning flights but ensuring greater adoption of sustainable aviation fuel (SAF). So that’s really an operator decision and a supplier decision,” Avetkiyan said, adding that her customers shouldn’t feel guilty about the environmental impact of private aviation.
Persons: UAE CNN —, Mohammed Bin Rashid, it’s, ”, Lilit Avetikyan, Lilit, Voyex, Vanessa Budah, “, Knight Frank, they’ve, Faisal Durrani, Knight Frank Middle, Durrani, Youssef Mouallem, “ You’ve, ” Mouallem, they’re, you’re, ” Youssef Mouallem, Vistajet Mouallem, Mouallem, Avetkiyan, that’s, ” Avetkiyan, “ I’m Organizations: CNN, UAE CNN, Hub, McDonald’s, KFC, United Arab Emirates, Communications, Henley, Partners, US, Knight, Resorts, Resorts Tech, Resorts Dubai, Creative, International, Sharjah —, Gama Aviation, Sharjah International, European Federation for Transport, Sustainable, Emirates, Airbus, SAF, International Air Transport Association, Emirates SAF Locations: Dubai, UAE, Europe, Voyex, India, East, Russia, Africa, Gulf, Saudi Arabia, Sharjah, Netherlands
☆ Private jet flights are down 15% in two years as Covid-era demand wanes
  + stars: | 2024-08-16 | by ( Robert Frank | ) www.cnbc.com   time to read: +7 min
Private jet flights fell 15% in the first half of the year compared with their peak in 2022, as the industry grapples with waning demand and a new competitive landscape for high-end travel. Despite a short boost from the Summer Olympics, with a record 713 private jet flights to Paris the last week of July, the private jet industry continues to lose altitude this travel season. Jet It, a large U.S. private jet operator, shut down last year after grounding its fleet of Phenom 300s, Gulfstream G150s and HondaJets. Private jet passengers who paid six figures for flights started facing delays and cancellations as operators couldn’t buy or lease planes fast enough. “Prices are about 20% higher than they were in 2019,” Private Jet Card Comparisons' Gollan said.
Persons: Washington's, J, David Ake, Robert Frank, Covid, Rob Wiesenthal, George Mattson, VistaJet, Thomas Flohr, Doug Gollan, ”, Jay Duckson, —, ‘, I’m, Gollan, Travis Kuhn, “ It’s, ” Gollan, Berkshire Hathaway, ” Kuhn, “ Organizations: Gulfstream, Washington's Reagan National Airport, Getty, Private, Summer, Argus International, Blade Air Mobility, Delta Air Lines, CNBC, Industry, Central Business Jets, Companies, Jefferies, Argus, Berkshire Locations: Arlington , Virginia, Paris, U.S, Covid, Argus, “
☆ The president of private jet company VistaJet and former Wall Street executive reveals the best way to ask for a raise
  + stars: | 2024-07-05 | by ( Talia Lakritz | ) www.businessinsider.com   time to read: +1 min
Former Wall Street executive Leona Qi is now president of the private aviation company VistaJet US. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . After a decade of working on Wall Street, she transitioned to the private aviation industry, becoming the managing director of Global Jet Capital before taking on her current role as the president of VistaJet US. For those hoping to level up their own careers by asking for a raise or a promotion, Qi's career advice echoes what other experts have previously shared with Business Insider: demonstrate your exceptional achievements and value to the company with quantifiable data. This story is available exclusively to Business Insider subscribers.
Persons: Leona Qi, — Organizations: Wall Street, Service, Global Jet Capital, Business
☆ The billionaire summer calendar: How the world's wealthiest business icons spend their warmer months
  + stars: | 2024-06-22 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +1 min
Olympics: July 26-August 11The Olympic Games are a favorite for sports-loving billionaires like Bill Gates, seen here in 2008 at the Beijing Games. Tony Marshall - EMPICS/Getty ImagesWhile the Olympics are, in theory, an event for every spectator, billionaires enjoy the games a little differently and will do so in Paris this year. Billionaires with no official connection to this year's Olympics will no doubt be there, too, and in style. Bill Gates and Rupert Murdoch have attended the event with their families in years past, and newly minted billionaire Magic Johnson has played for Team USA and carried the Olympic torch. Tickets to events like the women's gymnastics final cost $6,500 each from the official ticket seller.
Persons: Bill Gates, Tony Marshall, Bernard —, Hennessy, Rupert Murdoch, Magic Johnson, Vistajet, Fraser Organizations: Beijing Games, Chandon, Team USA, Guardian Locations: Paris
☆ Trump's Boeing 757 clipped parked plane after landing at Florida airport Sunday, FAA says
  + stars: | 2024-05-14 | by ( Dan Mangan | ) www.cnbc.com   time to read: +1 min
The plane of former US president Donald Trump takes off from Palm Beach International Airport in West Palm Beach, Florida, on April 3, 2023. The wing of the Boeing jet owned by former President Donald Trump struck a parked plane at a Florida airport after landing safely and taxiing early Sunday morning, the Federal Aviation Administration said on Tuesday. In a statement, the FAA said, "A privately owned Boeing 757 landed safely at West Palm Beach International Airport around 1:20 a.m. local time on Sunday, May 12." "The incident occurred in an area of the airport where the FAA does not direct aircraft. Trump maintains a residence at his Mar-a-Lago club in Palm Beach.
Persons: Donald Trump, Trump Organizations: Palm Beach International, Boeing, Federal Aviation Administration, FAA, Palm Beach International Airport, CNBC, Republican Locations: West Palm Beach , Florida, Florida, Wildwood , New Jersey, West Palm, Lago, Palm Beach, New York
☆ VistaJet, a private jet charter firm used by F1 drivers and popstars, launched a wellness program. See how the elite fly on its $75 million Global 7500.
  + stars: | 2024-03-24 | by ( Pete Syme | ) www.businessinsider.com   time to read: +1 min
Read previewVistaJet, arguably the most famous private jet charter company, is launching a new wellness program. Business Insider attended a media event and toured its largest airplane, learning how VistaJet helps wealthy passengers fly in luxury. This story is available exclusively to Business Insider subscribers. During The Eras Tour, Swift also seemingly flew on one of VistaJet's Global 7500s — the model on display at the media event. The Global 7500 is the largest purpose-built business jet on the market.
Persons: —, VistaJet, Charles Leclerc, Taylor Swift, Swift, Flightradar24 Organizations: Service, Business, Formula, Ferrari, VistaJet, Super, Bombardier Locations: Tokyo, California
☆ It looks like Taylor Swift will make it to the Super Bowl after all
  + stars: | 2024-02-11 | by ( Hannah Getahun | Associated Press | ) www.businessinsider.com   time to read: +5 min
It arrived from Tokyo’s Haneda Airport to Los Angeles' LAX airport moments after 3:30 p.m. local time. Fans arrive at the Tokyo Dome, for the Taylor Swift concert, as part of the "Eras Tour" Wednesday, Feb. 7, 2024, in Tokyo. It’s so romantic," said office worker Hitomi Takahashi, 29, who bought matching Taylor Swift sweatshirts with her friend and took photos just outside the Tokyo Dome. Business Insider reported that the jet-setting starlet downsized from two planes to one plane. Representatives for Swift did not immediately respond to a request for comment from Business Insider.
Persons: —, Taylor, Swift, they've, Travis Kelce, sleuths, Taylor Swift, Eric Thayer, ” Swift, Toru Hanai, Hitomi Takahashi, ”, Jack Sweeney, Swift's, “ Organizations: Service, LAX, Business, NFL, Los Angeles International Airport, Kelce's Kansas City Chiefs, San Francisco 49ers, Swift, Chiefs Locations: Los Angeles, Las Vegas, Tokyo, Haneda, Kelce's, Washington, Asia, Australia, Instagram .
☆ From million-dollar private boxes to carpooling on private jets, here's how billionaires are doing the Super Bowl
  + stars: | 2024-02-09 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +6 min
The Super Bowl has always been a draw for billionaires and powerful executives. Elon Musk and Rupert Murdoch at the Super Bowl on Sunday. For an extra $10,000 to $250,000, Carrega arranges in-suite meet-and-greets, pre-game huddles, and photo ops with former Super Bowl champions or commentators. Kevin Mazur/Getty ImagesWhen it comes to accommodations, Vegas is proving easier than many other Super Bowl destinations, Brown said. Charter service VistaJet , whose private flights cost between $14,000 and $25,000 an hour, recorded a 25% increase in flight bookings over last year’s Super Bowl.
Persons: —, Taylor Swift, Hunt, Denise York, Elon Musk, Rupert Murdoch, ’ Michael Rubin's, Josh Harris, Robert Kraft, Goldman Sachs, David Solomon, Caitlin O’Hara, ” Elisabeth Brown, Barnabas Carrega, they're, Brown, “ Price, ” Carrega, Carrega, ” Brown, ” She’s, Savage, Kevin Mazur, Wynn, Leona Qi, you’re, ” Qi, “, ” Organizations: Service, Business, Chiefs, 49ers, Forbes, Patriots, Reuters, “, Knightsbridge, Super, Vegas, Davos Locations: Las Vegas, Sin City, Las, Tampa , Florida, Vegas, “
☆ The big business of the Super Bowl, from competing advertisers to the ultrawealthy networking
  + stars: | 2024-02-09 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +6 min
In today's big story, we're looking at the big business of the Super Bowl, from advertisers to the ultraweal thy . Developing and filming a Super Bowl ad typically runs 50% to 60% more than a regular one. AdvertisementFor some first-time Super Bowl advertisers, the commercial is a jumping-off point for a bigger campaign, writes BI’s Lauren Johnson. The Super Bowl is also a calendar staple for the ultrawealthy, writes BI’s Madeline Berg. A record 68 million Americans are projected to bet $23.1 billion on the Super Bowl, according to the American Gaming Association.
Persons: —, Taylor Swift, Travis Kelce, Patrick Smith, Emily Stewart, that’s, Ryan Joe, Lara O’Reilly, Ryan, BI’s Lauren Johnson, RYU, BI’s Madeline Berg, Elon Musk, Rupert Murdoch —, VistaJet, BI’s Taylor Rains, Grace Kay, it’s, BI’s Juliana Kaplan, Cork Gaines, Usher, David Rosenberg, Quants, Getty, David Butow Here’s, Tesla, Sissie Hsiao, Bard, Gemini, Uber, Dara Khosrowshahi, Lucas Jackson, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, ign, Super, Elon, Private, American Gaming Association, San Francisco 49ers, Kansas City Chiefs, Renaissance Technologies, Man, AHL, UBS, Google, Reuters, Merchants, Conference, PepsiCo Locations: Sun Valley, YOLO, New York, London
☆ How Las Vegas airports are bracing for an influx of private jets for the Super Bowl
  + stars: | 2024-02-07 | by ( Taylor Rains | Grace Kay | ) www.businessinsider.com   time to read: +6 min
Some 330,000 people are expected to visit Las Vegas this weekend as the Kansas City Chiefs take on the San Francisco 49ers in Super Bowl LVIII. AdvertisementThese include Sin City's main Harry Reid International Airport, as well as Henderson Executive Airport, North Las Vegas Airport, and Boulder City Airport in the suburbs. Speaking to the Henderson and North Las Vegas airports, Hayes told BI there are about 1,100 slots across the two. According to the agency, Super Bowl parking spot reservations are handed by aircraft service stations known as fixed-based operators, or FBOs. AdvertisementRepresentatives for Swift did not immediately respond to comment from BI regarding her planned Super Bowl travels.
Persons: Heidi Hayes, City's, Harry Reid, Henderson, Hayes, Leona Qi, Jim Segrave, LIV, Breitenfeldt, Ross D, Niall Mulcahy, Mulcahy, Taylor Swift, Travis Kelce, Swift, hasn't, Qi Organizations: Las, Kansas City Chiefs, San Francisco 49ers, Clark, Clark County Department of Aviation, Federal Aviation Administration, Super, National Football League, FAA, NFL, Harry Reid International Airport, Henderson Executive Airport, North Las Vegas Airport, Boulder City Airport, Flexjet, Private, Associated Press, WM Phoenix, Super Bowl, Scottsdale Airport, Franklin, Signature Aviation, Dassault Falcon, Dassault, Bombardier Global, Gulfstream, Bombardier Locations: Las Vegas, Clark County, Vegas, North, North Las Vegas, Los Angeles, Glendale , Arizona, Arizona, Tokyo, Missouri, Baltimore, Nashville
☆ Even the wealthy will have to pay extra for parking at the Super Bowl — at least for their private jets
  + stars: | 2024-02-07 | by ( Taylor Rains | Grace Kay | ) www.businessinsider.com   time to read: +7 min
Hundreds of private jets are expected to flood Las Vegas this weekend for Super Bowl LVIII. According to the agency, Super Bowl parking spot reservations are handed by aircraft service stations known as fixed-based operators, or FBOs. Scottsdale Airport in Arizona saw a deluge of private jets ahead of the Super Bowl in 2023. Wealthy flyers will also use private charter companies like flyExclusive and VistaJet to schedule a drop-off and pick-up before and after the Super Bowl. AdvertisementRepresentatives for Swift did not immediately respond to comment from BI regarding her planned Super Bowl travels.
Persons: Taylor, —, Heidi Hayes, City's, Harry Reid, Henderson, Hayes, Leona Qi, Jim Segrave, LIV, Breitenfeldt, Ross D, Niall Mulcahy, Mulcahy, Taylor Swift, Travis Kelce, Swift, hasn't, Qi Organizations: Service, Las, Kansas City Chiefs, San Francisco 49ers, Clark, Clark County Department of Aviation, Federal Aviation Administration, Super, National Football League, FAA, NFL, Harry Reid International Airport, Henderson Executive Airport, North Las Vegas Airport, Boulder City Airport, Flexjet, Private, Associated Press, WM Phoenix, Super Bowl, Scottsdale Airport, Franklin, Signature Aviation, Dassault Falcon, Dassault, Bombardier Global, Gulfstream, Bombardier Locations: Vegas, Tokyo, Las Vegas, Clark County, North, North Las Vegas, Los Angeles, Glendale , Arizona, Arizona, Missouri, Baltimore, Nashville
☆ Bombardier quarterly profit beats estimates on demand for business jets
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Christinne Muschi/File PhotoMONTREAL, Aug 3 (Reuters) - Canada's Bombardier Inc (BBDb.TO) on Thursday reported better-than-expected quarterly profit and higher revenue despite supply chain pressures, helped by demand for flying and maintaining private planes. The Montreal-headquartered business jet maker reported a second-quarter profit of $10 million from continuing operations, compared with a loss of $109 million a year earlier. CEO Eric Martel told analysts that despite "pressure points" such as smaller suppliers, the supply chain is improving and will "remain a key area of focus for the foreseeable quarters". Last month, Gulfstream jet maker Textron Inc (TXT.N) raised its full-year profit forecast on strong jet pricing. On a per share basis, quarterly adjusted profit was 72 cents, compared with a loss of 48 cents a year earlier.
Persons: Christinne, Eric Martel, Refinitiv, Allison Lampert, Abhijith, Saumyadeb Chakrabarty, Jan Harvey Organizations: Bombardier Global, REUTERS, MONTREAL, Bombardier Inc, Gulfstream, Textron Inc, Bombardier, Thomson Locations: Montreal, Quebec, Canada, Bengaluru
☆ VistaJet CEO defends company's financials as auditor raises liquidity, debt concerns
  + stars: | 2023-05-19 | by ( Natasha Turak | ) www.cnbc.com   time to read: +5 min
watch nowVistaJet CEO Thomas Flohr defended his company's financial standing following reports that the fast-growing private charter jet company is facing liquidity and debt trouble. All documents and data was always available to our equity and debt holders," Flohr said. "We as a company, both shareholders and bondholders, [are] only focused on EBITDA, the cash creation of the company," Flohr said. That's as a private company the choice we're making as this conservative policy in place, but we might change it going forward." "Going forward, this infrastructure really allows us to grow the company from approximately $800 million EBITDA to $1.5 billion EBITDA," he said.
☆ VistaJet chairman discusses the company's results and responds to FT report
  + stars: | 2023-05-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVistaJet chairman discusses the company's results and responds to FT reportThomas Flohr, founder and chairman of VistaJet, speaks to CNBC's Dan Murphy about the company's latest financial results and a major Financial Times report on it.
☆ Pent-up demand, supply-chain restraints still affecting aviation industry, says analyst
  + stars: | 2023-05-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPent-up demand, supply-chain restraints still affecting aviation industry, says analystStephen Furlong from Davy Capital Markets discusses the latest in the aviation industry, easyJet earnings and the difficulties facing VistaJet.
☆ I've flown business class three times — and on a private jet twice. Here's which is better.
  + stars: | 2023-03-17 | by ( Taylor Rains | ) www.businessinsider.com   time to read: 1 min
"If people need to fly, they will fly," VistaJet's Qi told Insider in October 2022. "No one likes to pay more money, but we live in a world where inflation is close to 10% and the most precious resource of our members is time." Courtesy of VistaJet
☆ I tried gourmet food only available on private jets from one charter company and I see why the luxurious flights costs thousands of dollar
  + stars: | 2022-11-15 | by ( Taylor Rains | ) www.businessinsider.com   time to read: 1 min
According to Qi, any meals served on VistaJet planes are received from the restaurant or vendor on either the day of or the night before to keep the food as fresh as possible. People waiting in line for Nobu in London. Mark Robert Milan/Getty Images
☆ Super-rich keeping flying private despite surging fuel costs making charters even more expensive
  + stars: | 2022-10-16 | by ( Stephen Jones | ) www.businessinsider.com   time to read: +4 min
Surging fuel, inflation, and labor costs have sent private jet charter prices up significantly. It's a similar story for flyExclusive, another private jet charter firm. "So far it hasn't negatively impacted demand," Seagrave tells Insider, but admits that further price rises may have an impact sooner or later. For flyExclusive passengers, fuel represents between a quarter and 37% of the charter cost, Seagrave tells Insider. VistaJet runs a membership service which means its customers pay an hourly fee, but they still have to pay a fuel surcharge, Qi says.
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