Flexjet Sales Up 17% in H1/2018

Back to
Today's News

Fractional jet ownership provider Flexjet reported sales for the first half of 2018 increased 17% over the same period in 2017. New business grew even more strongly, expanding by 76% year-over-year; additionally, more than half (57%) of new Flexjet owners came through referrals, indicating strong satisfaction among existing owners.

“During the past several years Flexjet has delivered the fractional industry’s youngest fleet, expanded service overseas and introduced innovative programs such as our Red Label by Flexjet premium offering. The results of this investment are clear: strong growth, driven in large part by the satisfaction of current owners,” said Flexjet CEO Michael Silvestro. “The growth we have achieved is only a start as we strive every day to be the world’s premier private jet travel provider.”

Other notable results from the first half of 2018 include:

  • More than four in 10 (42%) of all Flexjet Owners now fly under Red Label by Flexjet, which includes features available nowhere else in fractional private jet travel, including access to the industry’s most modern fleet of aircraft, artisan aircraft interiors in the LXi Cabin Collection and crews assigned to a single aircraft.
  • Increased demand for long-range international missions is reflected in a more than 100% increase in Gulfstream G450 sales during the first half of 2018. All available hours in the new Gulfstream G650s delivered late in 2017 were sold by year-end.
  • In order to meet demand, the G650 fleet will be increased to four by the end of 2018. Counting the G650s, a total of 19 new aircraft are to be delivered by the end of this year, including additional Embraer Phenom 300s and Legacy 450s and Bombardier Challenger 350s. Since 2015, Flexjet has taken delivery of 60 aircraft, resulting in the fractional private jet industry’s youngest fleet.

Flexjet first entered the fractional jet ownership and leasing market in 1995. Its program is the first in the world to be recognized as achieving the Air Charter Safety Foundation’s Industry Audit Standard and is the first and only company to be honored with 19 FAA Diamond Awards for Excellence.

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.