Overview

• An LVMH-backed consortium led by private equity firm L Catterton acquired a 20 percent stake in FlexJet, valuing the operator at $4 billion
• Directional Aviation Capital retains control of FlexJet despite the minority sale
• FlexJet will deploy most of the proceeds to expand its fleet with long-range aircraft, build overseas maintenance and ground-handling infrastructure and train additional flight crew
• The operator projects about $425 million in EBITDA for 2025, up from $398 million in 2024, and plans to grow its fleet from 318 to around 340 aircraft by year-end
• About a quarter of the funding will be distributed to shareholders as a special dividend