海角视频

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Enterprise

Flexjet: Private jet giant valued at 拢2.9bn after huge funding round

The US-based company's latest funding round has been led by private equity giant L Catterton - which itself is backed by luxury group LVMH

Flexjet has closed a major funding round(Image: Andy Stenning/Daily Mirror)

Flexjet, the globe's second-largest private aviation firm, has achieved a valuation of approximately $4bn (£2.9bn) following the completion of $800m in fresh investment.

The American company's most recent financing round was spearheaded by private equity heavyweight L Catterton – which receives backing from luxury conglomerate LVMH, as reported by .

Additional supporters of the funding include KSL Capital Partners and J. Safra Group.

Investment banks Jefferies, Morgan Stanley and Goldman Sachs provided advisory services to Flexjet.

The company operates under the chairmanship of American aviation entrepreneur Kenn Ricci, who serves as principal of Directional Aviation Capital.

He commented: "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."

The business maintains its headquarters in the United States, commenced operations in 1995 and maintains ownership of over 270 aircraft and 19 helicopters worldwide.

Since 2021, Flexjet has delivered its fractional ownership and access services across the 海角视频 and Europe through Red Label by Flexjet.