Flexjet, Qatar Executive will be launch customers for the Gulfstream G700

Gulfstream G700

For Flexjet the order follows its $1.4 billion deal with Embraer announced earlier today; For Qatar Executive, it’s in addition to its July billion-dollar Gulfstream order

A billion dollars here.  A half-billion or so there. It is Las Vegas after all. As the National Business Aviation Association’s annual convention kicks off here, Flexjet followed up its morning announcement it is buying $1.4 billion in private jets from Embraer by placing an order to be the North American launch customer for the Gulfstream G700.

(Updated Oct. 23, 2019: Flexjet’s order is for 16 G700s valued at $1.2 billion)

Flexjet’s chairman Kenn Ricci wasn’t the only CEO playing at the high stakes table. Akbar Al Baker, CEO of Qatar Airways, is buying 10 of the new ultra-long-range, ultra-fast private jets for his Qatar Executive charter division. It follows a billion-dollar order with the Savannah, Georgia-based manufacturer in July.

Flexjet is targeting NetJets customers to switch

The two largest private jet operators in the world are headquartered 21 minutes from each other as the private jet flies. Judging by Flexjet’s current ad campaign, the gloves are off…

It’s 114 nautical miles as the private jet flies from John Glenn Columbus International Airport in central Ohio north to Cuyahoga County Airport in Cleveland. The former is home to Warren Buffett-owned NetJets, the largest operator of private jets in the world, and the undisputed leader in fractional ownership. The latter is the home turf of Golden Domer, Kenn Ricci, whose wide smile and neighborly demeanor belie that in his own right he has made a mark in aviation, acknowledged in 2017 with the Lifetime Aviation Entrepreneur Award at the 14th Annual Living Legends of Aviation Awards.

We wanted to poke the bear

Christopher Bero, vice president of global marketing, Flexjet

Battling NetJets: Is Flexjet readying a billion dollar order from Gulfstream?

Flexjet Europe

Flexjet is already a significant Gulfstream operator and has been ramping up its expansion plans for Europe

A report last Friday by Corporate Jet Investor (CJI) speculated that Flexjet might be readying a billion-dollar order with Gulfstream. The item came after Phebe Novakovic, CEO of General Dynamics, parent of the business jet manufacturer, told analysts the division was working on a big deal and it was with an existing customer.

LINKEDIN
%d bloggers like this: