– Flexjet, a global leader in private aviation, secured an $800 million equity investment.
– The investment was led by L Catterton, with participation from affiliates of KSL Capital Partners, LLC, and the J. Safra Group.
– This marks the largest equity investment in private aviation history.
– The funding will support Flexjet’s vision to transform the private jet flight experience.
– Investment areas include global workforce expansion, infrastructure growth, and fleet modernization.
– Flexjet is responding to increased client demand for larger aircraft and international flight services.
– The company is creating a bespoke experience—from private terminal access to curated destinations and events.
– Flexjet controls key elements of service delivery, including:
▪️The largest in-house maintenance network in private aviation
▪️Its own Cabin Attendant Academy
▪️A network of 11 private terminals, including one at London Farnborough opening early next year
– The company is expanding vertically to offer exclusive access to luxury experiences and brands.
– Notable partnerships include Ferretti Group’s Riva Yachts and Bentley Motors.
– Kenn Ricci, Flexjet’s Chairman, stated: “L Catterton, with its special relationship with LVMH and its family of brands, provides the perfect opportunity for collaborating in areas such as consumer insights, brand strategies, retail expansion, and luxury product delivery.”
– Scott Dahnke, Global CEO of L Catterton, added: “Flexjet epitomizes our category-first approach and, although they are celebrating their 30th anniversary this year, their history is one of never settling in pursuit of thoughtful innovation to best fulfill the desires of the consumers within their unique and exciting marketplace.”
– The investment creates a strategic partnership between management and existing shareholders (who retain control) and the three global investors.
