Oct 12 2022

Flexjet plans to go public via $3 bln deal with Todd Boehly’s SPAC

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)