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.

JetSuite is Phenom 300 focused with plans to add new private jet types

Jet card and charter operator JetSuite is adding Phenom 300s, paring down its Phenom 100 fleet, and is planning to add at least another type

JetSuite and its sister company JSX are projected to have more than 100 aircraft by 2023

The revamped SuiteKey jet card program with fixed-rates and guaranteed availability is attracting national demand, says president Stephanie Chung

As Dallas-based JetSuite makes the turn into its second decade, its president Stephanie Chung says after a year on the job, she is ready to help lead the company into a future that looks to be focused on larger aircraft. It means paring down the Embraer Phenom 100 that helped launch the company. It recently stopped accepting new members and renewals for the type.

Chung said, “Our immediate goal is to become a dominant provider in the U.S. and to accomplish this, we will continue to add more 300s, as well as gradually lessen our footprint within the very light jet space.”

Qatar Executive inks billion-dollar Gulfstream G650, G500 order

The charter operator and its parent Qatar Airways along with JetBlue are investors in JetSuite

Qatar Airways last week announced an order for 18 Gulfstream aircraft during a ceremony at the White House. The order worth over $1 billion is for 14 Gulfstream G650ER and four Gulfstream G500 and will add to Qatar Executive’s growing fleet that currently includes six G650ER and four G500 aircraft.

Gulfstream executives had previously reported the order, however, the customer had not been disclosed. Flexjet had been mentioned along with Qatar Executive as likely buyers.

Qatar Airways Group chief executive, Akbar Al Baker said, “Qatar Airways is very pleased to confirm this landmark deal with Gulfstream. Our corporate jet division, Qatar Executive, goes from strength to strength and this commitment to new orders will allow us to offer our bespoke luxury service to even more passengers.”

Battling NetJets: Is Flexjet readying a billion dollar order from Gulfstream?

Flexjet Europe

Flexjet is already a significant Gulfstream operator and has been ramping up its expansion plans for Europe

A report last Friday by Corporate Jet Investor (CJI) speculated that Flexjet might be readying a billion-dollar order with Gulfstream. The item came after Phebe Novakovic, CEO of General Dynamics, parent of the business jet manufacturer, told analysts the division was working on a big deal and it was with an existing customer.

Qatar Airways Group affirms its commitment to JetSuite’s expansion

JetSuite

Now a minority stakeholder in JetSuite, Inc., Qatar Airways investment is expected to drive growth at both JetSuiteX and JetSuite. Separately, Qatar said its private jet division will open offices in Shanghai and Moscow.

 

During the Farnborough International Airshow this week Qatar Airways Group Chief Executive Akbar Al Baker, and JetSuite Inc. Founder and Chief Executive Officer, Alex Wilcox, reaffirmed their commitment today to expanding JetSuite and JetSuiteX, in a press conference. In April, Qatar Airways took a minority stake in JetSuite and its JetSuiteX to enable faster expansion of the JetSuite fleet and “its ability to reach new destinations, including the potential to bring the semi-private model to additional U.S. regions.” 

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