Flexjet CEO Mike Silvestro covered a wide range of topics during an appearance on Fox Business Channel earlier this week
Speaking on Mornings with Maria earlier this week, Flexjet
CEO Mike Silvestro covered a wide range of topics related to business aviation,
including attempts to Uberize private jet travel, fractional ownership and
leases, safety in the aftermath of Boeing MAX, market growth and potential.
Over the past two years, the Cleveland-based subsidiary of Directional Aviation has purchased U.K.-based operator Flairjet and jet card and on-demand charter broker PrivateFly
One thing is for sure. Flexjet is growing internationally and Europe is a key focus. Speaking to Guy Johnson and Vonnie Quinn on Bloomberg Markets: European Close on October 12th Flexjet CEO Michael Silvestro noted that Brexit isn’t dampening the Cleveland-based fractional share, lease and jet card provider’s outlook on Europe.
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.
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. In March 2021, it launched a jet card program in Europe based on the Embraer Legacy 500.
When was Flexjet founded?
Who owns Flexjet?
Directional Aviation is its controlling shareholder. It is part of OneSky Flight, which includes Sentient Jet, FXAIR, PrivateFly, and Tuvoli