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.

Sentient Jet adds Wifi on midsize and large cabin private jets

Sentient Jet cost

After guaranteeing Wifi on super mids last year, Sentient is expanding connectivity

The jet card inventor will launch transatlantic fixed one-way pricing with guaranteed availability

Aircraft specific jet cards are coming in 2020

Directional Aviation’s jet card provider Sentient Jet is celebrating its 20th anniversary. And it has some of its most significant program changes.

In an interview with Private Jet Card Comparisons during Corporate Jet Investor in Miami, CEO Andrew Collins outlined several key updates.

Top of the list is expanding guaranteed Wifi, fixed rates and guaranteed availability for transatlantic flights, and aircraft specific programs.

One thing you probably won’t be seeing from Sentient is jet sharing, according to Collins.

Jet Card Aircraft Options 101, including pricing and costs

private jet

Light Jet, Large Cabin Jet, Turboprops, or specific types such as the Embraer Phenom 300?

Your guide to finding the perfect cabin category, or private jet (and turboprop) specific Jet Card for your needs

Jet cards are the fastest-growing segment of private jet charter. Over the past decade the number of companies offering jet memberships more than doubled.

Private Jet Card Comparisons has cataloged over 55 providers, including all the key players such as NetJets (both Elite and Marquis Jet card), Flexjet, Sentient, Wheels Up, Delta Private Jets, JetSuite, Jet Linx, VistaJet, PJS Group, Magellan Jets, and XO. In total, there are more than 300 programs so you can find the right one.

We’ve identified over 65 variables that can impact your selection. We’ve also made it easy to compare, cutting research time by weeks and days to less than an hour. You have over 18,000 data points at your fingertips.

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 orders $1.4 billion private jets from Embraer Executive Jets

Flexjet Embraer Praetor

Flexjet’s order includes 64 Praetor 500s and 600s, plus the best-selling Phenom 300

As it prepares its expansion into Europe, Directional Aviation’s Flexjet announced today it has placed a $1.4 billion firm order with Embraer Executive Jets for 64 of the Praetor mid-and super midsized aircraft and Phenom 300 light jets.

Embraer Executive Jets President and Chief Executive Officer Michael Amalfitano and Flexjet Chief Executive Officer Michael Silvestro made the announcement at the 2019 National Business Aviation Association Business Aviation Convention & Exhibition (NBAA-BACE) in Las Vegas.

Silvestro said the first Praetor 500 will enter its fleet in the next several weeks. He said Flexjet will announce at EBACE next year details on which aircraft will be based in Europe.

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