Flexjet Plans SPAC IPO Valued at $3.1 Billion
The deal to take Flexjet public through a SPAC IPO is valued at $3.1 billion, which the company says is nearly 11 times the $288 million adjusted earnings expected for 2022.
The deal to take Flexjet public through a SPAC IPO is valued at $3.1 billion, which the company says is nearly 11 times the $288 million adjusted earnings expected for 2022.
Recent acquisition of the Associated Aircraft Group (AAG) will power complimentary helicopter hours to its Gulfstream G650 fractional owners.
The company needs talent to fly the 50 new jets it will add to its fleet this year.
If you’re on the hunt, there are plenty of things you need to consider before taking an offer.
The first of Embraer’s Praetor 600 fleet for Flexjet delivered in late November 2020 from its Melbourne, Florida, facility, the company announced on November 30. Flexjet is the fleet launch customer for the new Praetor 600—and it plans to use the platform to support its operations in Europe. The provider of fractional ownership, aircraft leasing, […]
One reason pilots have for years sought jobs at some of the fractional business jet operators is because, like the airlines, cockpit crewmembers can live pretty much anywhere they choose. Companies like Flexjet cover the cost of an airline ticket to ensure pilots appear wherever their next trip begins. These kinds of crew repositioning costs […]
Embraer has signed Flexjet as the fleet launch customer for the Praetor 500 and 600, building on 16 years of cooperation between the two companies. The announcement came at NBAA-BACE on Monday, October 21. “[It’s] an enhanced and renewed opportunity for us to work long into the future, across all of our products,” said Michael […]