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Flexjet Adds Gulfstream G500 and More G700s for Fractional Owners

Provider said new agreement gives it ‘exclusivity as the only fractional provider to receive delivery of new Gulfstream G500 and G700 aircraft.’

Flexjet Gulfstream G500 private jet
Flexjet formally added an undisclosed number of Gulfstream G500s and new G700s to its large cabin fleet. [Credit: Flexjet]
Gemini Sparkle

Key Takeaways:

  • Flexjet has secured an exclusive arrangement with Gulfstream, making it the only fractional provider to receive new G500 and G700 aircraft.
  • The G500s will replace Flexjet's G450s as its flagship large cabin jet, enhancing its ultra-luxury, long-range fleet with more fuel-efficient aircraft capable of international routes.
  • This agreement reinforces Flexjet's status as the largest owner, operator, and maintainer of Gulfstream models, adding to its global fleet of over 60 large cabin aircraft.
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After CEO Mike Silvestro alluded to it during a Thursday morning interview with Yahoo Finance, Flexjet on Thursday confirmed it has a new, exclusive arrangement with Gulfstream that will add the G500 to its growing large cabin fleet.

Flexjet formally announced that the G500 entered its fleet on Thursday afternoon and said its agreement with the manufacturer grants it “exclusivity as the only fractional provider to receive delivery of new Gulfstream G500 and G700 aircraft.” The G500s will replace Flexjet’s approximately 30 G450s as its flagship large cabin airframe. They will be available to fractional owners through the provider’s Red Label by Flexjet program, which assigns flight crews to a single aircraft.

Jack Daleo

Jack is a staff writer covering advanced air mobility, including everything from drones to unmanned aircraft systems to space travel—and a whole lot more. He spent close to two years reporting on drone delivery for FreightWaves, covering the biggest news and developments in the space and connecting with industry executives and experts. Jack is also a basketball aficionado, a frequent traveler and a lover of all things logistics.

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