Vista Global founder Thomas Flohr aims to almost triple its number of private jets to 1,000 aircraft by 2030 amid soaring demand in Asia and the U.S.

Private jet leasing firm Vista Global Holding is seeing Asian demand soar for its VistaJet service as the region’s celebrity A-listers—such as K-pop stars Lisa of Blackpink and V from BTS, who posted photos of their trip to Paris in June on board a VistaJet—tycoons and corporate highflyers seek to avoid chaotic airports and infection risk amid a post-pandemic travel boom. The lift is expected to boost the company’s Ebitda by 86% to $621 million this year, according to a forecast by ratings agency Moody’s Investors Service. (Privately held Vista doesn’t release financial figures).

Dubai-based Vista saw a 77% on-year jump in flights to and from the region in the first half of 2022. In the third quarter, the company sold 139% more flight hours across Asia, making it the company’s second-fastest-growing region next to the U.S., its biggest market. Within Asia, its flights to and from Singapore more than quadrupled during the quarter as the city-state hosted back-to-back global events like the Singapore Grand Prix. “Flights from Southeast Asia to Europe and the trans-Pacific are very important routes for our customers,” Vista founder and chairman Thomas Flohr, 62, says via video conference from…