![]() įlexjet also announced the launch of intra-European service in 2016, establishing the infrastructure for its offering initially through the acquisition of United Kingdom-based charter and management company Flairjet. Additional facilities since have been opened at Love Field in Dallas, Texas Teterboro Airport in Bergen County, New Jersey and Van Nuys Airport in Los Angeles, California. Other developments included the 2016 opening of the company's first exclusive private jet terminal, in Naples, Florida, followed by the opening of similar facilities at West Palm Beach, Florida and Westchester County Airport, New York. In 2015, Flexjet launched Red Label, an offering under which each aircraft has a dedicated flight crew, customized interiors, and customized seating configurations making up one of the industry's most modern fleet of aircraft. Flexjet offered three programs: fractional ownership, lease, and the Flexjet 25 Jet Card. Skyjet would concentrate solely on charter services, with Flexjet continuing to offer fractional programs and Sentient Jet offering jet card programs. As part of the first consolidation of its aviation companies, Directional Aviation moved the charter brokerage operations of its Flexjet and Sentient Jet companies to the Skyjet brand. In 2014, Flexjet exited the charter market. At the same time, Flexjet placed orders with Bombardier for 85 jets valued at about $1.8 billion, with options for up to an additional 160 jets that could bring the contract's value to $5.2 billion. ![]() In September 2013, private aviation investment firm Directional Aviation announced that it would acquire Flexjet from Bombardier for $185 million in cash. Subsequently, Flexjet consolidated the remaining domestic charter services under its own brand. operations, then branded as Skyjet International. ![]() In 2008, VistaJet acquired the firm's non-U.S. During this period, the company began expanding its range of aircraft, including the Learjet 40 and 45, 60, 60 XR, Challenger 300, Challenger 604, and Challenger 605. It maintained the approximate 16 percent share of the fractional market it had enjoyed four years earlier. įlexjet saw its first substantial profit in 2006, with sales of fractional shares up 28 percent and revenue up 30 percent compared to 2005. At the time, Flexjet held an approximately one-sixth of the total fractional market, which then amounted to 650 aircraft and 3,500 owners. It employed more than 1,000 people, half of them flight crew members and operated a fleet of 105 aircraft to serve 640 owners. īy 2002, Flexjet had seen 20 percent annual growth since its founding. Under Bombardier, Skyjet became one of the first companies to offer a membership program eventually, the program became the Skyjet Card. Flexjet entered the charter market in 2000 when Bombardier Aerospace acquired Skyjet, which pioneered the online booking of private jet charters. Īt one time, Flexjet offered not only fractional ownership and jet card but also aircraft charter services. īy 1998, doing business as Business Jet Solutions, Flexjet had 41 aircraft, including the Learjet 31A, Learjet 45, Learjet 60, and Challenger 600 series, serving more than 200 clients. History įounded in 1995, Flexjet entered the fractional jet ownership market as a division of Bombardier Aerospace, the world's largest business aviation manufacturer and itself a division of Bombardier Inc. Flexjet is one of the largest fractional private jet companies. Headquartered in Richmond Heights, Ohio, Flexjet is led by Ricci, its chairman, and by Michael J. ![]() Directional Aviation, the private investment firm founded by aviation entrepreneur Kenn Ricci, has owned Flexjet since 2013. Founded in 1995 as a division of Bombardier Aerospace, it is currently owned by Directional Aviation, an aviation private investment firm.įlexjet is a provider of fractional jet ownership, leasing, and jet card services as well as private helicopter fractional, leasing and charter services. Michael Silvestro, Chief Executive Officerįlexjet is an American provider of fractional ownership aircraft, leasing, and jet card services. Flexjet Headquarters in Richmond Heights, Ohio
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