Tag: Flexjet Kenn Ricci

Flexjet, Honeywell reach agreement to resolve billion dollar lawsuit

Flexjet says its settlement with Honeywell will yield over $1 billion in cash considerations and service credits.

January 22, 2026

Honeywell expects to pay $470 million to settle Flexjet lawsuit

Flexjet maintains it could be owed over $1 billion in damages, while Honeywell says it expects to pay $470 million as part of a settlement.

December 22, 2025

Flexjet sells 20 Challenger 300s to Baker Aviation

The sale by Flexjet is part of its fleet modernization following a $7 billion order with Embraer earlier this year that includes Praetor 600s.

December 5, 2025

Honeywell updates Flexjet disclosure as keyboard critics pile on

Social media posters overwhelmingly sided with Flexjet in its lawsuit against Honeywell as the aerospace company was predicting record demand.

October 25, 2025

Flexjet orders 300 next-generation Otto Aerospace Phantom 3500s

The clean-sheet design offers a cabin height of nearly six and a half feet and features the industry's first windowless cabin.

September 29, 2025

Flexjet's large cabin growth plan not tied to Gulfstream fleet order

In addition to building its Red Label offering, Flexjet, Inc. brands Sentient Jet, FXAir are keys to future growth says Chairman Kenn Ricci.

September 21, 2025

LVMH-backed investment firm takes 20% stake in Flexjet, Inc.

Billionaire Bernard Arnault and his LVMH, home of more than 75 luxury brands, is investing $800 million into Flexjet via L Catterton.

July 21, 2025

Verdict finds Flight Options liable for $24 million in unpaid taxes

Flight Options sought a refund of over $18 million but the court found the former fractional operator owes $24 million in additional taxes.

May 30, 2025

Flexjet breaks ground on Scottsdale private terminal

A private terminal in Scottsdale, Arizona for Flexjet customers is set to open in late 2026.

May 23, 2025

Pepper wins Kenn Ricci Lifetime Aviation Entrepreneur Award

Former Atlantic Aviation CEO Louis Pepper joined Jeff Bezos and Avfuel's Craig Sincock as winner of the Kenn Ricci award.

May 5, 2025

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