“This is where private jet travel can be seen to put serious distance between it and commercial airlines, Flexjet wants to bring back the notion of air travel as style-driven and fun”. Sarah Turner of Forbes looks at Flexjet’s growing success in Europe. (Source: Forbes)
Snow Polo is a prestigious event is the pinnacle of the international snow polo circuit with a CHF 2.5m budget. ‘The pandemic changed the way people think about private aviation,’ explains Marine Eugène, European managing director for Flexjet, a key sponsor of the Snow Polo World Cup. (Source: Country & Town House)
“This is an important growth market for Flexjet and in the past year, we have almost doubled our fleet to service the EMEA region, with more aircraft to be added next year.” Marine Eugene, European Managing Director talks to The National about Flexjet’s expansion in The Middle East.
Northeast Ohio is getting a new public company. Private jet service Flexjet Inc. of Richmond Heights on Tuesday morning, Oct. 11, announced it plans to go public via a merger with blank-check firm Horizon Acquisition Corp. II (NYSE: HZON) in a deal that will value the combined company at about $3.1 billion. (Source: Crain’s Cleveland Business)
The leading rival to the Warren Buffett-backed NetJets is planning to go public in a SPAC deal led by Todd Boehly, the US financier who owns the Chelsea football and Los Angeles Dodgers baseball clubs. (Subscription Required) (Source: The Financial Times)
Flexjet Chairman Kenn Ricci tells Bloomberg’s Thomas Black the “frugal wealthy,’’ as Ricci dubs the newcomers to private aviation, will stick around, elevating the customer base over the long term even if the economy stumbles. (Source: Bloomberg)
Directional Aviation will combine its OneSky Flight unit, which includes fractional share operator Flexjet, jet card seller Sentient Jet, two on-demand charter brokers, aircraft management and maintenance, with Forbes 400 lister Todd Boehly’s ($5.3 billion, ranked 184) Horizon Acquisition Corporation II (NYSE: HZON) (Source: Forbes)
Flexjet, a large competitor to Warren Buffett’s subscription-based private aviation company NetJets, is raising cash and becoming a publicly traded company. The deal values Flexjet stock at about $2.6 billion, based on the roughly 263 million shares that will be outstanding after the transaction closes. (Source: Barron’s)
Private jet service Flexjet is planning to merge with Todd Boehly’s blank-check firm Horizon Acquisition Corp. II (HZON.N), it said on Tuesday, in a deal that will value the combined company at $3.1 billion, including debt. The deal is expected to close in the second quarter of next year. The proceeds would be used to fund fleet, program and geographic expansion as well as to improve maintenance support facilities and private terminals. (Source: Reuters)
Kenn Ricci, the founder of Directional Aviation, is arguably the most successful business aviation investor ever. Now he is planning to take Flexjet, the fractional jet company, public. He launched his Zanite SPAC with a long-term partner and he is doing the same again. Flexjet will trade with the ticker: FXJ and join Wheels Up (NYSE: UP) on the exchange. (Source: Corporate Jet Investor)