Fitch upgrades ratings for Flexjet, Sentient Jet parent OneSky Flight

Flexjet

Flexjet fractional share hours sold increased 35% in 2021 Q1

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.”

Cash buyers may find hidden deals on pre-owned private jets

Pre-owned private jet cost

Needy sellers of used private jets are out there, but it’s unclear who they are

Long-range private jets provide the most opportunities, says one expert

During a Corporate Jet Investor virtual town hall meeting on aircraft transactions today, industry executives from around the world said uncertainty in both the economy and business aviation is providing opportunities for buyers. However, where they are, isn’t necessarily clear. And getting a deal done has plenty of hurdles.

VistaJet forms holding company to offer global leasing, management, financing, and tech solutions

Dubai-based Vista Global Holding will expand the company’s offerings from jet cards and on-demand charter

 

VistaJet founder Thomas Flohr has launched Vista Global Holding based in Dubai calling it “a revolutionary aviation group headquartered at the DIFC (Dubai International Financial Center) which will spearhead the consolidation of the fragmented and expanding business aviation market.” 

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