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Flexjet

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Flexjet
NameFlexjet
TypePrivate
IndustryAviation
Founded1995
FounderRichard Santulli
HeadquartersDallas, Texas, United States
Key peopleMichael Silvestro, Kenn Ricci

Flexjet is a private jet company that offers a range of services, including fractional ownership, jet cards, and charter flights, to individuals and corporations, such as Fortune 500 companies, National Football League teams, and Hollywood celebrities like Tom Cruise and Oprah Winfrey. With its headquarters in Dallas, Texas, Flexjet operates a fleet of aircraft, including the Bombardier Challenger 350, Gulfstream G650, and Embraer Phenom 300, which are maintained by Bombardier Aerospace and Gulfstream Aerospace. Flexjet's services are used by high-net-worth individuals, such as Warren Buffett and Bill Gates, and companies like Microsoft, Apple Inc., and Google, for business and leisure travel to destinations like Las Vegas, New York City, and Miami.

History

Flexjet was founded in 1995 by Richard Santulli, who also founded NetJets, a competitor in the private jet industry, and has been led by notable executives like Kenn Ricci and Michael Silvestro. The company has undergone significant changes over the years, including its acquisition by Directional Aviation in 2013, which also owns Flight Options and Nextant Aerospace, and has partnerships with Bombardier Inc. and Gulfstream Aerospace Corporation. Flexjet has also expanded its services to include jet cards, charter flights, and aircraft management, catering to clients like Donald Trump, Elon Musk, and Mark Zuckerberg, who require flexible and customized travel solutions to destinations like Los Angeles, Chicago, and Atlanta. The company has received awards and recognition from organizations like Robb Report, Forbes, and Bloomberg, and has been featured in publications like The Wall Street Journal, Financial Times, and Forbes.

Services

Flexjet offers a range of services, including fractional ownership, jet cards, and charter flights, which are popular among individuals and companies like Goldman Sachs, JPMorgan Chase, and Morgan Stanley, who value flexibility and convenience in their travel arrangements. The company's fractional ownership program allows clients to purchase a share of an aircraft, such as the Cessna Citation X+ or Hawker 4000, and have access to a fleet of aircraft for a fixed number of hours per year, similar to programs offered by NetJets and Wheels Up. Flexjet's jet card program provides clients with a fixed number of hours of flight time on a specific aircraft, such as the Bombardier Challenger 650 or Gulfstream G550, and is popular among individuals like Taylor Swift and Kanye West, who require private jet travel for their tours and business engagements. The company's charter flights are available to anyone, and can be booked on a one-time basis, catering to clients like Amazon, Facebook, and Twitter, who require ad-hoc private jet travel solutions.

Fleet

Flexjet operates a fleet of over 150 aircraft, including the Bombardier Challenger 350, Gulfstream G650, and Embraer Phenom 300, which are maintained by Bombardier Aerospace and Gulfstream Aerospace. The company's fleet includes a range of aircraft, from light jets like the Cessna Citation Mustang and Hawker 4000, to large jets like the Gulfstream G650ER and Bombardier Global 7500, which are popular among clients like Boeing, Airbus, and Lockheed Martin, who require private jet travel for their business and corporate needs. Flexjet's fleet is equipped with the latest technology and amenities, including Wi-Fi, satellite TV, and gourmet catering, and is available for charter flights, fractional ownership, and jet card programs, catering to clients like Delta Air Lines, American Airlines, and United Airlines, who require private jet travel solutions for their executives and employees.

Operations

Flexjet operates out of several bases, including Dallas Love Field, Teterboro Airport, and Van Nuys Airport, and has a network of over 5,000 airports worldwide, including John F. Kennedy International Airport, Los Angeles International Airport, and O'Hare International Airport. The company's operations are supported by a team of experienced pilots, maintenance technicians, and customer service representatives, who are trained by organizations like Federal Aviation Administration and National Business Aviation Association. Flexjet's operations are also supported by technology, including flight planning software and crew management systems, which are provided by companies like Jeppesen and Honeywell International. The company's safety record is excellent, with a perfect safety rating from organizations like Argus International and Wyvern Consulting, and is popular among clients like NASA, European Space Agency, and Boeing Defense, Space & Security, who require private jet travel solutions for their critical missions and operations.

Ownership

Flexjet is owned by Directional Aviation, a private investment firm founded by Kenn Ricci, which also owns Flight Options and Nextant Aerospace. The company has received investments from Resilience Capital Partners and Z Capital Partners, and has partnerships with Bombardier Inc. and Gulfstream Aerospace Corporation. Flexjet's ownership structure allows the company to invest in new aircraft, technology, and services, and to expand its operations to meet the growing demand for private jet travel, catering to clients like Google Ventures, Microsoft Ventures, and Intel Capital, who require private jet travel solutions for their business and investment needs. The company's ownership is also supported by a board of directors, which includes experienced executives like Michael Silvestro and Kenn Ricci, who have a deep understanding of the private jet industry and its trends, including the growth of business aviation and the increasing demand for sustainable aviation fuels.

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