VistaJet’s cash has dropped to its lowest level since the start of the pandemic after the heavily indebted luxury airline’s super-rich customers scaled back their travel plans.
Flying hours bought in advance through the private jet provider’s subscription service were 10.5 per cent lower in the nine months to the end of September than the same period a year earlier, according to financial statements reviewed by the Financial Times.
That left its cash reserves at $62mn, the lowest level since 2020 when Covid-19 grounded aircraft around the world.
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