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.”
Jet card leader Sentient Jet is expanding its fixed rates on the other side of the Atlantic and extending its recently launched transatlantic rates to become permanent
Flight volume this summer is expected to exceed pre-pandemic summers by 30-50%
Sentient is offsetting CO2 for jet card member flights by 300%
Following the launch of its transatlantic fixed-rate program in May, Sentient Jet is extending that program permanently. It’s also adding Morocco, Tel Aviv, Kyiv, Minsk, Moscow, and St. Petersburg to the list of cities in Europe, the Middle East, and Africa where members can fly with one-way pricing.
It’s unsure of the objective for the owner of the AccorJets website. It was promoting a financial scheme to buy shares in private jets that would produce immediate returns. Ostensibly, it was offering charter flights on its claimed fleet of private jets. It said it was owned by the Accor group of hotels and part of Directional Aviation, owner of Flexjet and Sentient Jet. It liberally used images of Flexjet aircraft in its marketing materials.
After ordering 200 Eve eVTOLs for his OneSky Flight unit that includes Flexjet and Sentient, Kenn Ricci’s Zanite SPAC is in talks with Embraer to take the upstart OEM public, according to Bloomberg
One day after Bloomberg reported that Vista Global Holding is seeking to go public via a SPAC, the website says the principal behind another leading private aviation provider plans a similar move. According to undisclosed sources, Brazil’s Embraer SA is in talks with special purpose acquisition company Zanite Acquisition Corp to merge its Eve Urban Air Mobility unit. This month, OneSky Flight, which includes Flexjet, Sentient, PrivateFly, and FXAIR, ordered 200 eVTOLs from Eve for its newly launched Halo brand. Kenn Ricci heads both OneSky and Zanite.