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A line-up of CEOs and top executives with the major fractional private jet, jet card, and membership providers speaking last week at Jefferies Business Jet Summit continued their bullish outlook for private jet travel.
Flexjet LLC, a leading provider of fractional jet shares, leases, and jet cards said for the first half of 2018 fractional and lease sales increased 17% over the same period in 2017. The company said new business grew even more strongly, expanding by 76% year over year. More than half – 57% – of new customers came through referrals.Â
Flexjet LLCÂ has been awarded the Federal Aviation Administration (FAA) Diamond Award for Excellence for the 18th consecutive year, according to a press release.Â
| Year Founded | 1995 |
| Leadership | Kenn Ricci, Chairman Mike Silvestro, Chief Executive Officer Megan Wolf, Chief Operating Officer Marine Eugene, Managing Director, Europe |
| Headquarters | Cleveland, OH |
| Jet Card Hourly Rates | Phenom 300 light jet from $9,200 per hour plus 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 is 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.
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
Mike Silvestro
From its fleet of fractional aircraft
| Aircraft | Size |
| Phenom 300 | Light Jet |
| Legacy 450 | Midsize 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 $230,00, plus FET
Yes
Yes, not guaranteed
Flexjet jet card
Cleveland, OH
Contact a Sales Representative at FlexJet
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