Flexjet

September 5, 2013 - 11:32am

Directional Aviation Capital (DAC)–the company headed by Kenn Ricci that owns Flight Options, Sentient Jet, Nextant Aerospace and Constant Aviation, among others–announced today that it is buying fractional provider Flexjet from Bombardier for $185 million. The transaction is expected to close by year-end, pending U.S. government approvals. All Flexjet employees will be retained, Ricci noted.

September 5, 2013 - 9:25am

Directional Aviation Capital (DAC)–the company headed by Kenn Ricci that owns Flight Options, Sentient Jet, Nextant Aerospace and Constant Aviation–announced this morning that it is buying fractional provider Flexjet from Bombardier for $185 million. The transaction is expected to close by year-end, pending U.S. government approvals.

August 20, 2013 - 3:00pm

On Tour Logistics (OTL), a tour transportation and logistics management company catering to the entertainment industry, has partnered with Bombardier Flexjet. Through Flexjet and Jet Solutions, On Tour Logistics will provide clientele with private travel on Flexjet’s Learjets and Challengers, expanding the coverage of current OTL alliance member Averitt Air. “The remarkable flexibility to fly home quickly and safely from almost anywhere is priceless. We could not be more pleased that Flexjet has chosen us as a partner,” said OTL vice president for logistics Steve Gregory.

August 13, 2013 - 3:25pm

In response to fleet growth and an uptick in its business, fractional provider Bombardier Flexjet has resumed hiring pilots after ceasing such activity, and then subsequently furloughing pilots, during the Great Recession. It recalled all of its furloughed pilots earlier this year. “We are thrilled to be expanding our dedicated pilot team…and anticipate hiring in the double digits this year and beyond,” said Flexjet vice president of operations Jason Weiss.

August 6, 2013 - 2:45pm

Fractional provider Bombardier Flexjet says it experienced 96-percent growth in new fractional and jet card sales during the first six months versus the same period last year. The company said sales of new fractional shares climbed by 112 percent, while new jet card sales gained 68 percent. “The skies continue to brighten for Flexjet,” said Flexjet president Deanna White.

July 2, 2013 - 1:35am
The Learjet 45s in Flexjet’s fleet will be rotated out in the coming years as the fractional provider takes delivery of its Learjet 70/75s and Challenger 350s.

Bombardier’s Flexjet subsidiary reported a strong first quarter, led by growth in new buyers as well as higher levels of activity by existing fractional-share, jet card and lease customers. In the first quarter, new business was up 83 percent, fractional share sales up 108 percent and jet card sales up 48 percent over the same period last year. “Our flying is not only up with all the new sales,” said Flexjet president Deanna White, “but also our existing customers are ramping up their flying time. People are starting to open their wallets again.”

June 25, 2013 - 3:15pm

Bombardier Aerospace recently delivered the 400th Challenger 300 during a ceremony at the aircraft manufacturer’s facilities in Montreal. The milestone super-midsize jet will be operated by Russian business aviation firm BJet, which also has a Global 5000 and 6000, Challenger 605 and 850 and Learjet 60 in its fleet. The first Challenger 300 was delivered to Bombardier Flexjet in early 2004.

June 19, 2013 - 12:55pm

The U.S. National Air Transportation Association (NATA) has honored Flexjet’s maintenance organization with a third consecutive Five Star Award, the association’s highest recognition offered for aviation maintenance technician training. To secure this standing, a company must have at least 90 percent of its AMTs participate in a qualified training program and complete a minimum of 12 hours of education per year. Flexjet achieved 100-percent participation from its maintenance technicians.

May 30, 2013 - 3:30pm

Bombardier’s Flexjet subsidiary reported a strong first quarter, led by growth in new buyers as well as higher levels of activity by existing fractional-share, jet card and lease customers. In the first quarter, new business was up 83 percent, fractional share sales up 108 percent and jet card sales up 48 percent over the same period last year. “Our flying is not only up with all the new sales,” said Flexjet president Deanna White, “but also our existing customers are ramping up their flying time.

May 23, 2013 - 1:25pm

Fractional provider Bombardier Flexjet reported an 83-percent rise in new business growth in the first quarter versus a year ago. During this period, its fractional sales reportedly climbed by 108 percent, while new jet card sales rose by 48 percent. During the Easter travel weekend, Flexjet recorded flying hours at levels not seen since the height of the market in 2007. As a result, Flexjet said it is currently hiring pilots to satisfy the increasing demand.

 
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