Overview

• The agreement names Flexjet as the launch operator for Otto’s clean‑sheet Phantom 3500, with a firm commitment for 300 aircraft and additional options.
• A Wall Street Journal report, cited by Forbes, values the order at about $5.85 billion, implying roughly $19.5 million per jet.
• Otto projects first flight in 2027 and deliveries beginning in 2030, marking a multi‑year development and certification timeline for the new OEM.
• Otto and Flexjet tout over 60% lower fuel burn from laminar‑flow aerodynamics and all‑carbon‑fiber construction, a windowless cabin with external‑view displays, 3,200–3,500 nm range, and Williams FJ44‑4 QPM engines.
• Industry coverage notes execution risk for an unproven program, pointing to past high‑profile business‑jet orders that never reached service.