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.
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 bearChristopher Bero, vice president of global marketing, Flexjet
Instead of the traditional hours-based approach, World Access starts at 75 days per year and is priced based on a quarter share
In perhaps one of the more innovative private aviation programs we’ve seen recently, Flexjet is moving its Gulfstream G650 fractional share and lease program from hours to a day based formula.
While the day-based approach on the surface mirrors what Airshare has been offering on its fleet of Phenom 300s and 100s for several years, it’s the first time we’ve seen it being applied to large cabin aircraft. It also amps up the competition between NetJets, VistaJet and Flexjet in the fight for high-spending ultra-long haul private jet fliers.
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.