Flexjet accepts first Praetor 500 from Embraer

Flexjet

The midsize private jet is the first in Flexjet’s $1.4 billion order made in October

Flexjet said it has taken delivery of its first Embraer Praetor 500. It is part of a $1.4 billion order announced in October with Embraer Executive Jets. The order includes the Praetor 500 and 600 aircraft and Phenom 300 light jets.

Flexjet is the fleet launch customer for the Praetor 500, expanding its fleet of midsized aircraft. It is also the North American launch customer for the Gulfstream G700.

Flexjet reveals private jet hotspots for the holidays

Flexjet

Fractional share, lease and jet card fleet operator Flexjet says its customers will be spending the holidays in the sun, on the slopes, and the big cities

Flexjet says it is seeing “major increases among those flying privately over the holidays, with travel reaching record levels over Thanksgiving and continuing its growth during the holiday season.”

The company, which has been in the news for its recent separate billion-dollar aircraft orders from Embraer and Gulfstream – on the same day – may need more private jets sooner rather than later.

Wheels Up, Delta Air Lines to combine their private jet businesses

Delta Private Jets and Wheels Up will have over 190 private aircraft

The deal is expected to close in early 2020, subject to closing conditions and required governmental and regulatory approvals 

Delta will take an equity stake in Wheels Up becoming its largest shareholder

Financial terms of the transaction are not being disclosed

The transaction sets up a three-horse race with Directional Aviation and Vista Global as they battle market leader NetJets

Wheels Up’s busy 2019 included raising more money, acquiring light jet operator TMC Jets, tech platform Avianis, expanding its jet sharing membership, plus launching fixed-rate programs for light and super-midsize jets

Last week it announced a major revamp of its own jet membership programs

Is Wheels Up now poised for international expansion?

Wheels Up and Delta Air Lines this morning are announcing they have reached a definitive agreement to combine their private jet businesses.

“This groundbreaking partnership will democratize private aviation – making the convenience of private jet travel accessible to more consumers,” said Delta CEO Ed Bastian.

Flexjet is ready to weather a downturn

Flexjet Mike Silvestro

Speaking on CNBC’s Squawk Box, Flexjet CEO Mike Silvestro said the fractional share, lease and jet card provider is ready for any potential storms, financial or in the skies

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.

Follow Me
Tweet
%d bloggers like this: