A group named Directional Aviation Capital has purchased Flexjet, the fractional ownership business formerly operated as a division of Bombardier. There is no doubt that the new owners have great faith in the business. As part of the ownership change, the newly formed Flexjet, LLC signed a deal with Bombardier that could add up to $5.2 billion worth of jets, the largest order in Flexjet’s 18-year history.
The contract includes firm orders that add up to 85 jets valued at approximately $1.8 billion, including 10 Challenger 605s, 20 Challenger 350s, 25 Learjet 75s and 30 Learjet 85s. The deal also includes options for an additional 160 Bombardier business jets.
