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Directional Aviation’s OneSky Flight continues its European product expansion with the debut of Light Jet Card Plus by PrivateFly. Earlier this month it launched Aviator, a dynamic pricing membership option.
Flexjet has opened an operations center in Malta while earning an air operators certificate – AOC – from the European nation. It comes as it adds an Embraer Legacy 500 under the new registration.
What a difference a year and a couple of months make. Fitch Ratings has upgraded OneSky Flight’s Issuer Default Rating (IDR) to ‘B’ from ‘B-. Fitch also upgraded the company’s senior secured term loan to ‘BB-‘/’RR2’ from ‘B’/’RR3’. The Rating Outlook is Stable. OneSky is a unit of Directional Aviation. Its private aviation brands include Flexjet, Sentient Jet, FXAIR, PrivateFly, and Halo. In April 2020, Fitch had downgraded OneFlight citing, “the effects of a global drop in demand related to the coronavirus pandemic.”
Flexjet clients in Europe will be landing in style at this year’s Royal Ascot, which goes through the weekend. The official sponsor has emblazoned its logo on the helipad.