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.”

Sentient extends transatlantic fixed prices, expands fixed-rate area

Sentient Jet

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.

Embraer in talks to merge eVTOL Eve with SPAC backed by Flexjet boss

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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.

Accor Hotels, Directional Aviation not connected to AccorJets’ website

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Despite claiming to be owned by Accor Hotels and Directional Aviation, AccorJets is not associated with either company

AccorJets promises investors quarterly dividends from charter revenues

The website for AccorJets claims to have a fleet of Bombardier Global 7500s, Gulfstream G650s and G500s, and Citation Latitudes. Three more aircraft will be delivered this year, it says. It claims to be “part of the Directional Aviation portfolio.” It lists as board members executives of the Accor Hotels Group, including chairman and CEO, Sébastien Bazin. Accor includes brands like Raffles and Fairmont and is one of the world’s largest hospitality companies.

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