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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]
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Key Takeaways:

  • Flexjet has secured an exclusive arrangement with Gulfstream, making it the only fractional provider to receive new G500 and G700 aircraft, significantly enhancing its ultra-luxury, large-cabin fleet.
  • The new G500s will replace the G450s as Flexjet's flagship large-cabin offering, providing improved fuel efficiency, transatlantic range, and premium passenger amenities, including a modern cabin and Starlink Wi-Fi.
  • This strategic acquisition reinforces Flexjet's position as the largest owner and operator of Gulfstream models and is part of a broader fleet modernization effort, with plans to take delivery of 50 new jets this year.
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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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