Writer

Amy Wilder

Flexjet has raised $800 million in equity from a consortium of investors led by L Catterton, the consumer-focused private equity firm affiliated with French conglomerate Louis Vuitton Moët Hennessy (LVMH). The funding will support the private aviation provider’s growth strategy, which includes responding to demand for larger aircraft, terminal infrastructure, and curated luxury travel experiences.
Also included in the investor group are affiliates of KSL Capital Partners and the J. Safra Group. Existing shareholders and Flexjet management will retain control, with the new partners positioned to enhance the company’s reach in the upscale travel, hospitality, and financial sectors.
Flexjet said the capital will be directed toward scaling infrastructure and services that differentiate its offering in the competitive fractional ownership and charter market. These include further development of its global private terminal network—11 locations are currently operating or in development—as well as its in-house maintenance operation and cabin attendant training academy. A private terminal at London Farnborough is expected to open early next year.
“This investment creates a unique and differentiated strategic partnership,” said Flexjet chairman Kenn Ricci. “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.”
Recent investments reflect increased demand from its client base for long-range travel and highly personalized experiences. Flexjet also partners with luxury brands such as Riva Yachts and Bentley Motors to offer access to events and destinations exclusive to its aircraft owners.
“Flexjet epitomizes our category-first approach,” said Scott Dahnke, global CEO of L Catterton, adding, “Their history is one of never settling in pursuit of thoughtful innovation,” drawing attention to the brand’s focus on continuous innovation in the luxury travel space.
Advisors on the transaction included Jefferies, Morgan Stanley, and Goldman Sachs. Founded in 1995, Flexjet offers fractional ownership, leasing, and jet card options. It operates a mixed fleet that includes Gulfstream, Bombardier, and Embraer aircraft, and maintains vertically integrated maintenance and helicopter services in North America and Europe. The company is celebrating its 30th anniversary this year.

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