Private Jet trade group planning for annual trade show in October

The National Business Aviation Association says it is moving forward on its NBAA-BACE conference scheduled for October 6-8 in Orlando

NetJets, Flexjet, and Qatar Executive have used NBAA to announce billion-dollar orders of new private jets

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 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.

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.

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