Flexjet Inc., fleet growth, new funding ...Flexjet Inc., a prominent private aviation company, has successfully raised $550 million through an unsecured bond offering, which closed on December 11, 2024, and was funded on December 18. Additionally, the company secured a $600 million secured warehouse facility, bringing the total new funding to $1.15 billion. Chief Financial Officer Mike Rossi stated that the bond offering was approximately five times oversubscribed, reflecting strong investor confidence in Flexjet’s financial health and growth prospects.
This substantial capital infusion is expected to support Flexjet’s ongoing expansion plans, including fleet growth, program development, and infrastructure enhancements such as maintenance support facilities and private terminals. The company’s robust balance sheet and consistent performance have enabled it to attract significant investment, positioning Flexjet to further solidify its standing in the competitive private aviation market.