Day: January 25, 2022

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IIBA Data Analytics Research Shows 3X ROI for High Performing Organizations

New IIBA Global Research reveals high performing organizations realize increased ROI on data analytics initiatives by integrating data science, technology, and business analysis teams.

Achieving More with Data

The critical role of Business Analysis in becoming a data-driven organization

TORONTO, Jan. 25, 2022 (GLOBE NEWSWIRE) — The International Institute of Business Analysis™ (IIBA®), the global association leading the business analysis community and professional standards, released the findings of its Achieving More with Data research, part of IIBA’s Global Research Program. This research provides insights into how high-performing organizations realize increased ROI with data analytics initiatives by having business analysis professionals lead key business data analytics (BDA) practices.

The five-part Achieving More with Data report answers the questions:

  • How do high performing organizations build a data-driven culture?
  • How can data analytics projects reduce failure rates?
  • How can building analysis capability improve outcomes?

“IIBA is excited to share what we have been learning from our global community, particularly the increasingly critical connection between how organizations deploy business analysis capabilities internally and the success of their data analytics initiatives. We believe this helps all of our understanding around the shift to data-driven cultures and value that is achievable from analytics work in high performing organizations,” said Delvin Fletcher, President and CEO, IIBA.

IIBA’s Global Research team conducted over two dozen interviews with executives involved in business data analytics and commissioned a survey of 300 business leaders to quantify capabilities leading to project success. The research examined the impact of business analysis in driving increased ROI and reduced failure rates across a range of BDA projects. IIBA reviewed these findings with an expert panel representing data science, global thought leaders in data management, and academia to validate the results.

The research found the most successful organizations closely integrate business analysis into a team structure including technology and data science to build a data-driven culture. “No amount of technology or data science will fix asking and answering the wrong business question,” said Keith Ellis, Chief Engagement and Growth Officer, IIBA, “and the business analysis professional knows the processes and nuance of the business and can maintain focus on how value is going to be realized.”

The gap is widening between high performers and industry laggards. Enterprise organizations with mature BDA practices experience three times more ROI than organizations not focused on these key areas. Companies that fail to involve business analysis professionals in leading BDA practices experience 2.8 times higher project failure.

Executives have faced challenges with business data analytics and know the disruptive potential if they get it wrong. IIBA’s findings narrow the problem to specific business analysis practices executives can focus on getting right, and through these practices, lead their companies through the transformation to become data driven.

IIBA’s research found business data analytics is critical for high-performing organizations and business analysis professionals are instrumental in helping these organizations build a data-driven culture.

To preview the key findings on the impact of business analysis, access the Achieving More with Data Summary Report at IIBA.org.
​
About IIBA
International Institute of Business Analysis™ (IIBA®) is the professional association dedicated to supporting business analysis professionals to deliver better business outcomes. IIBA connects 30,000 Members, 120 Chapters, and 500 training, academic, and enterprise partners around the world. As the global voice of the business analysis community, IIBA supports recognition of the profession, networking and community engagement, standards and resource development, and comprehensive certification programs. For more information, visit IIBA.org

About IIBA Global Research
IIBA Global Research provides a broad view of topical information, insights, demographics, and trends that influence business analysis globally. As part of IIBA’s Global Research, Achieving More with Data analyzes the forces shaping the use of data and analytics at companies and the strategies, including the use of business analysis professionals, for transforming to a data-driven organization.

More details for media coverage can be found in the accompanying research reference guide.

Ann Cain, Director, Events & Communications, IIBA
(289) 275-6847 or (905) 867-4103 – ann.cain@iiba.org

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2dfd0ea1-73fa-4708-93dd-03bfd1cd6bd2

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Sporting Events to Look Out for in Qatar 2022

Qatar Tourism

Qatar Tourism

DOHA, Qatar, Jan. 25, 2022 (GLOBE NEWSWIRE) — In the 300 days to go until the start of FIFA World Cup Qatar 2022TM, the country will welcome a series of elite international sporting events, continuing a tourism drive.

From an ATP tennis competition to European Tour golf and the MotoGP, Qatar has lots in store for adventure-hungry visitors looking for professional sporting action.

Chief Operating Officer of Qatar Tourism, Berthold Trenkel, said: “Sport brings people together and hosting international sporting events allows us to be part of, and to facilitate, cross-cultural moments of human achievement and utility. The country’s ability to host these events demonstrates the trust in Qatar’s ability and health and safety measures to keep players safe when competing at world-class venues. We look forward to welcoming outstanding players, management teams, and of course all the fans to Qatar throughout the year.”

Qatar as a nation places a priority on sports and is one of the few countries to celebrate a National Sports Day as a bank holiday, which this year will take place on 8 Feb. For visitors looking to participate in, as well as watch, the action, Qatar Tourism has curated a Sports & Adventure package, in collaboration with 365 Adventures, to give sports enthusiasts a three-day fix of exciting activities.

Sports & Adventure Package

Sports & Adventure 
Day 1 
Morning SUP tour of The Pearl-Qatar
Afternoon Immersive horseback riding with the Al Shaqab Racing Academy
Evening Sunset kayaking at the mangroves
Day 2 
Morning Round of golf / quad biking
Afternoon Desert safari to Inland Sea
Evening Overnight desert camping
Day 3 
Morning Scuba diving at GMC Reef
Afternoon Sandboarding near Sealine camp
Evening Relaxing spa experience

Book the package now at: https://365adventures.me/sports-and-adventure-packages/

Upcoming sporting events in Qatar

Discover Qatar’s rich equestrian heritage and learn how the country is a pioneer in breeding purebred Arabians at this 10-day event in Katara Cultural Village. The festival offers various activities for guests to experience, including a horse exhibition and parade, light show, art and painting exhibits, as well as numerous food and beverage stalls.

This European Tour golf tournament has been held in Doha since 1998, and rotates between Qatar’s two championship-level courses, Education City Golf Club and Doha Golf Club. Previously won by the likes of Ernie Els, Adam Scott, Paul Lawrie and Henrik Stenson.

Part of the ATP 250 tour, this annual men’s professional tennis tournament is played outside on hard courts. Famous victors have included Boris Becker, Roger Federer, Andy Murray, Rafael Nadal, and Novak Djokovic.

This professional women’s tennis tournament is a WTA 500 event on the WTA Tour. Previously won by famous players such as Martina Hingis, Maria Sharapova and the defending champion Petra Kvitová.

The Al Adaid Desert Challenge is an extreme sports race that features on the International Cycling Union calendar. The gruelling event involves 60 kilometres for cyclists and 28 kilometres for runners, starting from the Sealine area and stretching to one of Qatar’s most impressive natural wonders: the ‘Inland Sea’, or Khor Al Adaid.

One of the most exciting events on the MotoGP calendar, the motorcycle race will take place at the impressive Losail circuit, which recently hosted the 2021 Formula 1 Qatar Grand Prix. Having hosted the first-ever floodlit MotoGP back in 2008, this location never fails to impress. Notable winners have included Jorge Lorenzo, Casey Stoner and Valentino Rossi.

To find out more information on new sporting adventures and developments in Qatar, visit: https://www.visitqatar.qa/en/things-to-do/adventures

Travellers set to transit through Qatar should look to combine their sports and adventure trip with the world’s best value stopover packages, launched by Qatar Airways and Discover Qatar and supported by Qatar Tourism.

Please note, final event dates may be subject to change regarding the potential impact of the Covid-19 pandemic.

For media-related inquiries, please contact Qatar Tourism’s Press Office on:

+974 7774 7863 | pressoffice@visitqatar.qa 

About Qatar: 

Qatar is a peninsula surrounded by the Arabian Gulf in the heart of the Middle East, with 80% of the earth’s population within a six-hour flight. Ranked the safest country in the world in 2022 by Numbeo, Qatar welcomes all travellers, and guests from over 95 countries can enter visa-free. Qatar has an incredible variety of easily accessible tourist attractions, a plethora of fauna and flora, including Whale Sharks and the majestic national animal the Arabian Oryx, and most experiences are a unique combination of cultural authenticity and modernity. From iconic museums to high-rise restaurants, from thrilling desert adventures to world-famous events including none other than the FIFA World Cup Qatar 2022™, there is something for all types of travellers and budgets.  Travellers set to transit through Qatar should turn one holiday into two with the world’s best value stopover packages, launched by Qatar Airways and Discover Qatar and supported by Qatar Tourism.

About Qatar Tourism: 

Qatar Tourism is the official government body responsible for the development and promotion of tourism in Qatar, facilitating the sector’s exponential growth. Qatar is a destination where people of the world come together to experience unique offerings in arts, culture, sports, and adventure, catering to family and business visitors, rooted in Service Excellence. Qatar Tourism seeks to boost the entire tourism value chain, grow local and international visitor demand, attract inward investment, and drive a multiplier effect across the domestic economy. The Qatar Tourism Strategy 2030 sets an ambitious target to attract over six million international visitors a year by 2030, making Qatar the fastest growing destination in the Middle East.

Web: www.visitqatar.qa

Twitter: @VisitQatar

Instagram: @VisitQatar

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United-Guardian Board of Directors Announces Review of Strategic Alternatives

HAUPPAUGE, N.Y., Jan. 25, 2022 (GLOBE NEWSWIRE) — United-Guardian, Inc. (NASDAQ:UG) (“United-Guardian” or the “Company”), a fully-integrated research, development, manufacturing and marketing company that supplies unique and innovative products to the personal care, health care, pharmaceutical and industrial sectors, today announced that the Company’s Board of Directors has launched a formal review process to explore strategic alternatives. The purpose of the review is to ensure that value is being maximized for shareholders and that the Company has sufficient scale and financial resources to take advantage of the growth opportunities available to the organization. These alternatives could include, among others, possible joint ventures, strategic partnerships or alliances, an outright sale of the Company, or other possible transactions.

Ken Globus, President of United-Guardian, stated, “As United-Guardian and the global economy continue to emerge from the COVID-19 pandemic, it is imperative that we select the best path forward for the next chapter of United-Guardian’s continued growth. Management and the Board of Directors are working to ensure that the Company is positioned to seize the numerous growth opportunities available to United-Guardian. The Company’s long history, leading product portfolio, and established relationships with the leading brands within our markets provide a firm foundation for future expansion. Maximizing value for our shareholders, ensuring stability for our employees, and positioning United-Guardian for continued success into the future are our priorities during this review.”

Capstone Partners is serving as financial advisor to United-Guardian, and Brownstein Hyatt Farber Schreck is serving as legal advisor.

There can be no assurance that the review being undertaken will result in a merger, sale or other business combination involving the Company, and the Company has not set a timetable for completion of the review process. The Company does not currently intend to disclose further developments with respect to this process, unless and until its Board of Directors approves a specific transaction or otherwise concludes the review of strategic alternatives.

For further information, interested parties may contact Vijay Balasubramanian, Managing Director at Capstone Partners, or Paul Janson, COO at Capstone Partners (phone: +1 (617) 619-3300; emails: vijayb@capstonepartners.com; pjanson@capstonepartners.com).

NOTE: This press release contains both historical and “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements about the company’s expectations or beliefs concerning future events, such as financial performance, business prospects, and similar matters, are being made in reliance upon the “safe harbor” provisions of that Act. Such statements are subject to a variety of factors that could cause our actual results or performance to differ materially from the anticipated results or performance expressed or implied by such forward-looking statements. For further information about the risks and uncertainties that may affect the company’s business please refer to the company’s reports and filings with the Securities and Exchange Commission.

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Virtusa Named a Leader in Five Segments of Zinnov Zones Global ER&D 2021 Ratings

Company Also Noted as Breakout Contender in Industrial Segment

SOUTHBOROUGH, Mass., Jan. 25, 2022 (GLOBE NEWSWIRE) — Virtusa Corporation announced today that it has been ranked a leader in five segments in the annual Zinnov Zones for Engineering R&D 2021 ratings that evaluates global ER&D Service Providers for their prowess and capabilities. The five segments include overall ER&D Services, Digital Engineering Services, ER&D – US, Enterprise Software, and Telehealth. Virtusa was also recognized as a breakout service provider in the Industrial vertical segment.

The comprehensive study titled, ‘Global ER&D Landscape and Evolving Enterprise Priorities – 2021’ evaluated 50 global ER&D Service Providers across various industry verticals and micro-verticals. The 2021 Zinnov Zones assessment was unique because of the geographic evaluation done across high spending countries such as US, Germany, and Japan, where the primary parameters analyzed include investments, client success, and delivery capabilities for Engineering Services.

“According to the study, the Global ER&D spend by organizations worldwide will grow at a 9% CAGR to reach USD 2.1 trillion by 2024, with Digital Engineering spend accounting for more than 50% of the Global ER&D spend by 2024,” said Samir Dhir, Global Markets and Industries CEO, Virtusa. “This is directly in Virtusa’s wheelhouse, and our leadership positioning in so many of the market segments is a testament to the strength of our engineering capabilities, our top notch partner ecosystem and focus on innovating for clients. The demand for digital services in nearly all industries will continue growing due to newer technologies, industry players, and changing customer, employee, and partner interactions and expectations. Our new business opportunities will hopefully expand as worldwide business leaders use this study to begin seeking exceptional partners for faster and more efficient deployment of ER&D-led services.”

Sidhant Rastogi, Managing Partner, Zinnov, said, “Virtusa’s strong suit in both digital experience and design thinking-led innovation is reflected in its investments in IPs and solutions such as vLife (Healthcare and Life sciences Applications Marketplace) and vDataAid (Data Modernization solution). This, augmented with its digital implementation experience across verticals and pre-build warehouse of digital elements and services, has helped Virtusa successfully accelerate product development for its enterprise customers, in turn strengthening its position in the 2021 ER&D Zinnov Zones.”

Zinnov Zones is an annual rating published by Zinnov which assesses Global Service Providers based on their competencies, capabilities, and market success. Since 2009, Zinnov Zones (previously known as GSPR – Global Service Provider Ratings) has become one of the most trusted reports globally, for both enterprises and Service Providers to better understand the vendor ecosystem across multiple domains such as Digital Transformation, ER&D Services, IOT, HIA, and Media and Entertainment.

This is the thirteenth consecutive year that Zinnov has assessed Service Providers for their ER&D capabilities. The detailed ratings and contact information of Service Providers are available at: https://zinnovzones.com/

About Virtusa
Virtusa Corporation is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients change, disrupt, and unlock new value through innovative engineering. Virtusa serves Global 2000 companies in the Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries.

Virtusa helps clients grow their business with innovative products and services that create operational efficiency using digital labor, future-proof operational and IT platforms, and rationalization and modernization of IT applications infrastructure. This is achieved through a unique approach blending deep contextual expertise, empowered agile teams, and measurably better engineering to create holistic solutions that drive the business forward at unparalleled velocity enabled by a culture of cooperative disruption.

Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.


Media Contact:

Matt Berry
Conversion Marketing
matt@conversionam.com
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TerraVerdae Bioworks to acquire PolyFerm Canada

TerraVerdae expands its PHA technology portfolio to create new biodegradable bioplastic products

EDMONTON, Alberta, Jan. 25, 2022 (GLOBE NEWSWIRE) — TerraVerdae Bioworks Inc. (the Company) is pleased to announce that it has signed a binding letter of intent to acquire 100 per cent of the equity of PolyFerm Canada.

TerraVerdae is a world-leading performance biopolymers company dedicated to developing sustainable alternatives to petroleum-based plastics in order to reduce climate impacts and the growing build-up of plastic trash on land and in water.

PolyFerm has a unique technology portfolio of biobased and biodegradable elastomeric polymers known as medium chain length polyhydroxyalkanoate (mcl-PHAs). The addition of PolyFerm will strengthen TerraVerdae’s core capabilities and enhance the Company’s ability to produce biopolymers and resins for a wider range of applications, including for films, coatings and adhesives.

“We are excited about PolyFerm becoming part of our Company and look forward to closing this important transaction and sharing more details in the near term,” said William Bardosh, CEO of TerraVerdae. Mr. Bardosh added, “The addition of PolyFerm’s capabilities and know-how represents a significant opportunity for TerraVerdae to advance new and valuable solutions to help the world develop sustainable plastic solutions that can reduce its carbon footprint.”

As part of the acquisition, Dr Bruce Ramsay, President of PolyFerm, will join the TerraVerdae team to help expand its PHA technology development programs. Dr Ramsay is a recognized leader in the field of biobased elastomeric PHA technologies. With over 30 years of significant achievements, he has developed a unique intellectual property portfolio in medium chain length (mcl) PHA technologies.

“I am very pleased to be joining one of the biopolymer industry’s leading product development teams,” said Dr. Ramsay. “And, I look forward to accelerating TerraVerdae’s development process with the exceptional resources available at the Company.”

The transaction is anticipated to close in the second quarter of 2022.

About TerraVerdae Bioworks Inc. – TerraVerdae is a performance bioplastics company with a portfolio of biopolymer and bioplastics technology based on PHAs (polyhydroxyalkanoate). We collaborate with customers to custom-design and manufacture bioplastic products as sustainable alternatives to traditional petroleum-based plastics. Established in 2009, we operate product development and pilot-scale production facilities in Canada in Edmonton, AB, and Charlottetown, PEI. Our bioplastics are environmentally safe, naturally biodegradable and will not persist in the environment when end of use is attained. Visit https://terraverdae.com.

About PolyFerm Canada – PolyFerm Canada, based in Kingston, Ontario, Canada, focuses on the development of medium-chain-length polyhydroxyalkanoates (MCL-PHA). Branded as “VersaMer PHA,” they are a unique family of biodegradable thermoplastic elastomers made from renewable resources such as sugars and vegetable oils. They are semi-crystalline elastomeric materials possessing excellent elongation-at-break, water-resistance and gas barrier properties. The latex form may be used in coatings and paints. They are also biocompatible, making them great candidates in the fields of biomedical and tissue engineering. Visit http://polyfermcanada.com.

Contacts:

William Bardosh, CEO
TerraVerdae Bioworks
+1-978-712-0220
wbardosh@terraverdae.com		 Marie Cusack,
Corporate Communications and Planning
+1-587-985-2236
Mcusack.ccap@gmail.com
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Spiking Receives Feefo Gold Trusted Service Award

Spiking received Feefo’s Gold Trusted Service Award for two consecutive years.Spiking garnered 1,716 verified reviews with an average customer rating of 4.9 out of 5.0.Feefo recognizes businesses who deliver exceptional experiences to real customers.

Spiking receives Feefo Gold Trusted Services Award

SINGAPORE, Jan. 25, 2022 (GLOBE NEWSWIRE) — Spiking, an Artificial Intelligence (AI) and data-powered stock-trading insights and education platform, has received the Gold Trusted Service Award from Feefo, an independent UK-based customer service and reviews company.

“The Trusted Service Awards recognise companies who go above and beyond to provide the very best customer experience,” said Tony Whebel, CEO at Feefo.

Since 2014, Feefo has recognised businesses who deliver exceptional experiences, using feedback from real customers. The Trusted Service Awards are unique as they are based purely on feedback from real customers. This means only businesses who are truly committed to outstanding customer service receive the award. Since 2020, Spiking has garnered 1,716 verified reviews with an average customer rating of 4.9 out of 5.0.

“We’re thrilled to receive this award from Feefo, especially after a year where we have all had to adapt to the pandemic, while still delivering the highest quality of service, education and data analysis to our community. The award recognises our efforts to listen, understand and respond to all our customers so we can empower them to build generational wealth through our Spiking.com platform.” – Dr. Clemen Chiang, CEO of Spiking.

Unlike other platforms that profit off trading volume, Spiking generates revenue through educating users on how to leverage its proprietary trading data to build generational wealth. The platform offers four styles of trading education:

  1. Courses around how to decipher the universe of trading whales
  2. Guides based on investment styles: passive, active, political or activist
  3. Masterclasses based on trading time frame: daily, monthly, quarterly, yearly
  4. Lessons based on Dr. Clemen Chiang’s trading concept for his hedge fund

“I look forward to continue building the Spiking community to prosper together through data, education and the power of community,” said Dr. Chiang.

About Spiking
Spiking is Singapore’s first financial-technology and educational app that uses artificial intelligence (AI) to reveal trading insights.

Launched in 2016, Spiking aims to help traders see how reputable investors buy and sell shares in the stock market.

Since its launch, Spiking has established itself as the top stock trading education platform that incorporates AI for the use of legal insider trading. Spiking uses proprietary data to track transactions and lets traders stand on the shoulders of industry giants.

Contact Information:
Company Name: Spiking
Address: 7 Temasek Boulevard,
#12-02A Suntec Tower One,
Singapore 038987
Email: info@spiking.com
Website: https://www.spiking.com

For all media queries, please contact:
Chi-an Chang
Financial PR
Telephone: +65-64382990
Email: spikingteam@financialpr.com.sg

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Image 1: Spiking receives Feefo Gold Trusted Services Award

Spiking received Feefo’s Gold Trusted Service Award for 2 consecutive years. Spiking garnered 1,716 verified reviews with an average customer rating of 4.9 out of 5.0. Feefo recognizes businesses who deliver exceptional experiences to real customers.

This content was issued through the press release distribution service at Newswire.com.

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WHR Group, Inc. Offering Free Employee Relocation Policy Reviews

MILWAUKEE, Jan. 25, 2022 (GLOBE NEWSWIRE) — WHR Group, Inc. (WHR), a leader in the global employee relocation industry, is offering companies free relocation policy reviews. WHR will also help companies create new policies from scratch. Even with the Covid pandemic, companies are still relocating employees to fill crucial roles. Reviewing relocation policies and making critical adjustments helps organizations win in the war for talent, meet employees’ needs, benchmark against the competition and control business costs.

Relocation policies should be incorporated into an organization’s total rewards and talent management strategies. The right relocation policy can help a company, while a weak policy – or none at all – could have a negative impact on the candidate recruiting success rate. “With the current war for talent, it’s critical to have a structured and competitive relocation program. This helps companies attract and retain top talent,” says WHR’s Business Development Regional Manager, Ben Koceja. Making sure a relocation policy meets transferees’ needs helps reduce transferee stress so that employees can focus on work roles in their new locations.

Benchmarking a policy against other companies also helps organizations stay competitive in the war for talent. The policy needs to include a choice of offerings since relocation policies are wrapped into job offers. Companies also need to ensure they’re allocating the right amount of dollars to transferees and organizational needs. It is important organizations are not paying for unnecessary or outdated benefits.

According to WHR’s International Business Development Manager, Linden Houghtby, MBA, GMS, MIM+, “Having a relocation policy aligned with your company culture, talent strategy, and recruiting goals is essential to having a successful relocation/mobility program. It allows companies to move employees where they are needed most. Policies ensure transferees will be taken care of in a way that reflects the organization’s values and goals.”

To learn more about WHR’s free employee relocation policy reviews or for help creating a new policy, contact WHR.

About WHR Group, Inc.
WHR is a private, woman-owned, global employee relocation management company distinguished by its white glove service delivery structure and proprietary technology. WHR has offices in Wisconsin, Switzerland, and Singapore. With its 100% client retention rate for the past decade, WHR continues to be the trusted leader in global employee relocation.
https://www.whrg.com,  LinkedIn, Twitter and Facebook.

Media Contact: Mindy Stroiman, Corporate Writer
Mindy.Stroiman@whrg.com
262-523-7510

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Vista announces exceptional performance for 2021

Vista

Global 7500

VISTA ANNOUNCES EXCEPTIONAL PERFORMANCE FOR 2021
AND STARTS 2022 WITH PRICING OF $1 BILLION OF 6.375% SENIOR UNSECURED NOTES

Record sales across Vista’s core subscription offerings
with demand doubling from pre-pandemic levels across both VistaJet and XO brands

  • Significant 64% increase in global flight hours across Vista brands for 2021 as demand for flights surges;
  • Record client growth with increase of 26% in Members YOY at VistaJet and 68% in XO Deposit Memberships;
  • 2022 off to a groundbreaking start with pricing of $1 billion of 6.375% Senior Unsecured Notes due 2030;
  • Seven fully operational Global 7500 offering Members the most premium flying solution in the market, with around seven more expected by the end of 2022;
  • 30 new aircraft demonstrate Vista’s ongoing investment in the expansion of its over 200-strong global fleet;
  • Remains confident in VistaJet becoming the first in the industry to achieve carbon neutrality by 2025.

Dubai, January 25, 2022: Vista Global Holding (Vista), the world’s leading private aviation group, provides a 2022 market update and overview into the exceptional 2021 performance for all its operating divisions, including its market-leading VistaJet and XO brands.

2021 was yet another record-breaking year for Vista, with sales of the Group’s subscription solutions and services increasing 59%. As the largest on demand charter provider by hours flown, the Group has seen a rapid increase year-on-year of 64% in global flight hours across its operating companies, representing a 57% rise on pre-pandemic figures. Vista already serves more than half of the top 10 largest global companies, with VistaJet and XO reaching over 350,000 of the most desirable clients around the world.

This strong performance is coupled with record-breaking flying hours across both brands, with VistaJet selling over 22,000 annual subscription hours in 2021 — an increase of 90% compared with 2020 figures — and number of Members increasing year-on-year globally by 26%, continuing to convert aircraft ownership to the brand’s subscription model. Additionally, a massive influx of business travelers choosing private aviation over commercial flying as uncertainty remains was seen across the Group. XO Deposit Members increased 68% in 2021 and there was a huge increase in technology adoption by Members, with 84% of flights generated through XO’s marketplace.

Thomas Flohr

Founder and Chairman, Vista

2022 has continued apace. On January 20, 2022 Vista successfully priced an offering of $1 billion of Senior Unsecured Notes due 2030 by two of its subsidiaries, VistaJet Malta Finance P.L.C and XO Management Holding, Inc.*. The offering was more than five times oversubscribed with exceptional demand from investors — validating the strength of Vista’s business model. The transaction has raised additional liquidity while simultaneously substantially reducing Vista’s cost of borrowing relative to its existing Senior Notes.

Thomas Flohr, Vista’s Founder and Chairman said: “2021 has been an incredibly strong year for Vista and we have delivered all–time record-breaking figures as a result of the huge demand for our subscription, Membership and On Demand offerings. There is clearly a paradigm shift in the global client’s view of private aviation and Vista’s world-leading position has enabled clients across the globe to experience its benefits as a critical mobility solution. Vista’s shared economy, asset light and subscription strategy is accelerating this trend.

“We are seeing contract sizes grow significantly across both VistaJet and XO and we are working around the clock to ensure we have necessary infrastructure and capabilities in place to ensure the complete flexibility and diversification of our services in the most sustainable way.

“We have added over 30 aircraft during the year, strengthening Vista’s over 200-strong fleet offering. Having a fleet of Global 7500 now fully operational has been a game-changing moment since its launch in 2021, and we will build on its success by adding even more new Global 7500 aircraft to strengthen our global offering by the end of 2022.

“The accelerated completion and upsizing of our unsecured bond is transformational, demonstrating the clear and strong investor confidence in Vista and providing us with a strong platform to deliver our exciting vision and ambitions.

“We are continuing to dominate the business aviation world, by evolving and innovating every aspect of our services to provide the most advanced flying solutions at the very best value to our rapidly growing members’ base. This is only possible thanks to our expanding team of dedicated and passionate colleagues with hundreds more aviation experts helping to deliver our services to the incoming demand during 2021. We are best placed in the industry to capture new opportunities and we expect strong business momentum and sustainable growth throughout 2022 as we remain extremely confident about the future.”

The continued positive outlook and the long-term stability provided by its membership business model provides Vista with certainty to invest in its services as it continues to distinguish itself as the leading global luxury offering in the market.

Vista remains fully committed to constantly upgrade its services across its entire fleet, ensuring Members have the most unparalleled in-flight experience. The refurbishment of all VistaJet Global and Challenger aircraft is expected to complete by the end of 2022.

The Group recognizes the importance of acting now in the fight against climate change and continued to make significant progress against its strategic sustainability objectives throughout 2021. VistaJet is proud to have been able to offer global access to Sustainable Aviation Fuel to all its clients and it remains confident in becoming the first in the industry to achieve carbon neutrality by 2025.

Demand for private aviation is thriving and Vista does not expect this to change for at least the next 12 to 18 months. The Group continues to capitalize on the gaps within the market — both organically and by adding specialist expertise into the Vista universe as demonstrated by the successful integration with Apollo Jets, Talon Air and Red Wing Aviation.

2021 has not been without its challenges, as the global industry continues to face ongoing global supply chains challenges. Vista remains the only group with the global infrastructure and scale, along with the right balance of solutions and global network of partners, to support Members and corporations across the world anywhere and anytime.

– Ends –

Notes to Editors
Statements in this release are based solely upon information available as of the date of this release, are not a comprehensive statement of the Group’s financial results or positions as of or for the FY-2021, and have not been audited, reviewed, or compiled by an independent registered accounting firm. Thus, the financial information in this release is preliminary, unaudited and subject to revision upon completion of the Group’s closing and audit processes. The Group assumes no obligation to update any information contained herein, save for any information required to be disclosed by law.

* The offering is expected to close on or around January 31, 2022, subject to customary closing conditions.
Proceeds of the offering will be used to redeem Vista’s existing Senior Notes due 2024 and pay fees and expenses related to the offering. Remaining net proceeds will be used for general corporate purposes and to provide Vista with additional liquidity.
BofA Securities, Inc. and Jefferies LLC acted as Joint Physical Book-Running Managers, with Barclays and Credit Suisse as Co-Managers. Latham & Watkins LLP acted as legal counsel for Vista.

About Vista
Vista Global Holding’s (Vista) subsidiaries provide worldwide business flight services. A global group headquartered at the DIFC in Dubai, Vista integrates a unique portfolio of companies offering asset-free services to cover all key aspects of business aviation: guaranteed and on demand global flight coverage; subscription and Membership solutions; and cutting-edge mobility technology. The Group’s mission is to lead the change to provide clients with the most advanced flying services at the very best value, anytime, anywhere around the world. Vista’s knowledge and understanding of all facets of the industry deliver the best end-to-end offering and technology to all business aviation clients, through its VistaJet and XO branded services and duly licensed carriers. Vista is not a direct air carrier and does not operate or charter flights.
More Vista information and news at www.vistaglobal.com

Contacts
press@vistaglobal.com

Vista Global Holding Limited (“Vista”) does not own or operate any aircraft. All flights are performed by FAA-licensed/DOT-registered EASA or U.S. certified Vista group direct air carriers and/or partner operators. Vista holds non-controlling minority stakes in XOJET Aviation, GMJ Air Shuttle, Red Wing Aviation and Talon Air.

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