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According to multiple local media reports, Flexjet is expanding its headquarters at Cuyahoga County Airport in Richmond Heights outside Cleveland.
The National Business Aviation Association, the trade group representing various facets of the private jet industry, said it is moving forward with plans for its annual conference.
The event, which typically moves back-and-forth between Las Vegas and Orlando, is scheduled for Oct. 6, 7, and 8 in Florida this year.
Flexjet’s CEO Mike Silvestro made an appearance yesterday on CNBC’s Squawk Box.
During a roundtable with the program’s hosts, he said the number two provider of private jet fractional shares and leases is ready for bad weather, both in the skies and on its balance sheet.
| Year Founded | 1995 |
| Leadership | Kenn Ricci, Chairman Mike Silvestro, Chief Executive Officer Megan Wolf, Chief Experience Officer Marine Eugene, Managing Director, Europe Lauren Florian, Chief Marketing Officer |
| Headquarters | Cleveland, OH |
| Jet Card Hourly Rates | Phenom 300 light jet from $7,937 per hour plus Fuel Surcharge and FET |
| Related Products | Fractional Ownership, Leasing, Corporate Solutions |
| Related Companies | Directional Aviation, OneSky Flight, Sentient Jet, FXAIR, PrivateFly |
Aircraft manufacturer Bombardier founded Flexjet in 1995. It focuses on fractional ownership and leases of private jets and also 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. Its operating unit is 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.
(Review private jet membership company M&A activity with our PRIVATE AVIATION DEAL BOOK.).
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 jet card program in Europe 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. Tuvoli, 4Air, and others will remain privately held.
In April 2023, the company announced it would not pursue the SPAC merger and would instead remain privately held.
Flexjet is included in the Private Jet Card Comparisons’ database of over 50 jet card providers, enabling you to compare programs in minutes.
1995
Directional Aviation is its controlling shareholder. It is part of OneSky Flight, which includes Sentient Jet, FXAIR, PrivateFly, and Tuvoli. An IPO of OneSky is planned for 2023, when it will be renamed Flexjet, Inc. and trade as FXJ on the New York Stock Exchange
Mike Silvestro is CEO of Flexjet; Andrew Collins and Silvestro are co-CEOs of Flexjet, Inc.
From its fleet of fractional aircraft
| Aircraft | Size |
| Phenom 300 | Light Jet |
| Praetor 500 | Midsize Jet |
| Praetor 600 | Super Midsize Jet |
| Challenger 350 | Super Midsize Jet |
| Gulfstream G450 | Large Jet |
| Gulfstream G650 | Ultra-Long-Haul Jet |
| Gulfstream 700 | Ultra-Long-Haul Jet |
There are no initiation or membership fees
The Flex25 Embraer Phenom 300 jet card is around $245,00, plus FET
Yes
Yes, not guaranteed
Flexjet jet card
Cleveland, OH
Contact a Sales Representative at FlexJet
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