Flexjet will nearly double its Gulfstream G650 fleet, launching Unlimited Access and expanding World Access
Fractional share operator Flexjet is making several major moves with its Gulfstream G650 offering. It’s adding new markets for its existing World Access option. It’s also launching a new Unlimited Access option nationally. Added perks in both programs include complimentary carbon offsets and helicopter transfers in New York and London via sister OneSky Flight operator Halo.
Viasat’s high-speed Ka-band in-flight connectivity gives Flexjet customers office-and home-like connectivity from takeoff to touchdown—at speeds typically greater than 20 Mbps
Flexjet and Viasat Inc., a global communications company, announced a partnership. The second-largest fractional operator will install Viasat’s in-flight connectivity (IFC) system on select Flexjet fleets. The deal provides Viasat’s high-speed Ka-band IFC service on Flexjet’s Embraer Praetor 600 super-mid cabin fleet. The aircraft serve transatlantic and domestic European routes. Additionally, the partnership will provide Viasat’s Ku-band IFC service to Flexjet’s Bombardier Global and Gulfstream G450 and G650.
Fitch Ratings cites Covid-related “tailwinds” for private aviation and a 500% increase in cash to $512 million behind its multiple upgrades for the parent of Flexjet and Sentient Jet
Flexjet fractional share hours sold increased 35% in 2021 Q1
What a difference a year and a couple of months make. Fitch Ratings has upgraded OneSky Flight’s Issuer Default Rating (IDR) to ‘B’ from ‘B-. Fitch also upgraded the company’s senior secured term loan to ‘BB-‘/’RR2’ from ‘B’/’RR3’. The Rating Outlook is Stable. OneSky is a unit of Directional Aviation. Its private aviation brands include Flexjet, Sentient Jet, FXAIR, PrivateFly, and Halo. In April 2020, Fitch had downgraded OneFlight citing, “the effects of a global drop in demand related to the coronavirus pandemic.”