October 25, 2024
Year Founded
1995
Headquarters
Cleveland, OH
Leadership
Kenn Ricci
Chairman
Mike Silvestro
CEO of Flexjet and Co-CEO of Flexjet, Inc.
Megan Wolf
Chief Experience Officer
Andrew Collins
Co-CEO of Flexjet, Inc.
Lauren Florian
Chief Marketing Officer
D.J. Hanlon
EVP, Sales
Jet Card Hourly Rates
Phenom 300 light jet from $7,937 per hour plus fuel surcharge and FET
Related Companies
Directional Aviation, OneSky Flight, Constant Aviation, Tuvoli, 4Air, Nextant Aerospace, Sentient Jet, FXAIR, PrivateFly
Aircraft manufacturer Bombardier founded Flexjet in 1995.
It focuses on fractional ownership and private jet leases and has a limited jet card program.
Since 2012, it has been part of the Directional Aviation family of companies created by private aviation entrepreneur Ken Ricci, including Sentient Jet, PrivateFly, Tuvoli, FXAir, jet re-manufacturer Nextant Aerospace, and jet sales company Sojourn Aviation, as well as others.
Flexjet is the second-largest U.S. private jet flight provider.
Its operating unit was renamed Flexjet, Inc., from OneSky Flight, LLC.
In 2021, OneSky Flight acquired helicopter operators in the U.S. and U.K. and rebranded them under Halo.
OneSky also placed an order for 200 eVTOLs from Embraer-backed EVE. The goal is to create door-to-door private aviation solutions for customers of Flexjet and other OneSky brands.
Separately, a SPAC led by Ricci priced at $200 million launched on the NASDAQ in November 2020.
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The company has billion-dollar orders for Embraer’s Praetor 500 and 600, the upcoming Gulfstream G700. It also had an order for 20 of the now-discontinued supersonic Aerion AS2 private jets.
The company is based in Cleveland and ranks second behind NetJets based on fractional share operators’ flight hours.
Flexjet serves customers located in North America and, in 2020, expanded to Europe.
In March 2021, it launched a European jet card program based on the Embraer Legacy 500.
In October 2022, it announced plans for a SPAC IPO.
As part of its SPAC merger, OneSky Flight will be renamed Flexjet, Inc. Constant Aviation will join the flight providers (Flexjet, Sentient Jet, FXAir, PrivateFly, Sirio, and Flair Jet) in the public company.
In April 2023, the company announced it was stopping plans for the IPO and would remain privately held.
| Aircraft | Aircraft Size | Number |
|---|---|---|
| Embraer Phenom 300 | Light | 55 |
| Embraer Praetor 500 | Midsize | 56 |
| Embraer Praetor 600 | Super Midsize | 17 |
| Bombardier Challenger 300 | Super Midsize | 36 |
| Bombardier Challenger 350 | Super Midsize | 50 |
| Gulfstream G450 | Large | 28 |
| Gulfstream G650 | Ultra Long Range | 19 |
| Gulfstream G700 | Ultra Long Range | On order |
Flexjet was founded by Bombardier in 1995. It was acquired by Directional Aviation in 2012.
Directional Aviation
In its investor presentation in Oct. 2022, Flexjet said the group, including Sentient Jet, FXAir, and PrivateFly had 10,000 customer contracts and 193,000 committed flight hours in 2022. Flexjet has a 97% retention rate of U.S. fractional customers.
Flexjet, Inc. reported $2.296 billion in revenues in 2022, up from $1.719 billion in 2021, $1.259 billion in 2020, and $1.339 billion in 2020. Revenues include Sentient Jet ($450 million in 2022), FXAir, and PrivateFly.
Michael Silvestro of Flexjet. Kenn Ricci is Chairman of Flexjet, Inc. Silvestro and Andrew Collins, who serves as CEO of Sentient Jet, are co-CEOs of Flexjet, Inc.
Flexjet sources aircraft from its fractional fleet of private jets ranging from Phenom 300 light jets to ultra-long-range G650s.
Flexjet operates the following: Phenom 300; Praetor 500; Praetor 600; Challenger 300; Challenger 350, Challenger 3500; Gulfstream G450, Gulfstream 650, Global Express XRS.
Entry-level is Flexjet’s 25-hour jet card on the Phenom 300 at $198,425, plus FET.
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