Flexjet
Cleveland, Cleveland
Fractional jet ownership and lease programs
Cleveland, Cleveland
Upon request
Founded 1995
About Flexjet
Second-largest fractional jet ownership provider globally, with a fleet of 250+ aircraft including Gulfstream, Embraer, and Bombardier models.
Known For
- Fractional ownership and lease programs launched in 1995 by Bombardier, owned by Directional Aviation since 2013
- Second-largest fractional provider globally, with a fleet of more than 250 aircraft including Gulfstream G650 and Praetor 600
- Red Label program assigns dedicated crews to specific aircraft, a departure from the pooled crew model
- Expanded into helicopters and European operations, with a growing base of UK and continental owners
Typical Mandate
Flexjet is chosen by individuals, families and businesses flying roughly 50 to 400 hours a year who want guaranteed access to a modern fleet without owning a whole aircraft. Buyers purchase a share, typically one sixteenth or larger, or take a lease, then pay monthly management fees and hourly occupied rates. Shares in large-cabin aircraft such as the Gulfstream G650 represent commitments in the millions of dollars over a five-year term. Jet card products cover lighter usage.
How to Engage
Prospective owners contact Flexjet's sales team through the company website or via an introduction from an existing owner, aviation consultant or wealth adviser. The initial discussion establishes annual hours, typical routes and cabin requirements, which determine the aircraft type and share size. Buyers should expect a detailed contract covering management fees, hourly rates, fuel adjustments and exit terms, and many engage an aviation lawyer to review it before signing.
Frequently Asked Questions
What is the difference between Flexjet and NetJets?
Both offer fractional ownership, leases and jet cards. NetJets is larger and owned by Berkshire Hathaway; Flexjet is the second-largest provider and privately owned by Directional Aviation. Flexjet's Red Label program with dedicated crews per aircraft and its fleet of Embraer, Gulfstream and Bombardier types are distinguishing features.
How does Flexjet fractional ownership work?
A client purchases a share of a specific aircraft, typically from one sixteenth upward, which entitles them to a set number of flight hours per year. They pay a monthly management fee and an hourly rate when flying. Contracts run for a fixed term, after which Flexjet repurchases the share at a set value.
Where is Flexjet based and does it fly in Europe?
Flexjet is headquartered in Cleveland, Ohio. It has built a European operation with its own aircraft and crews serving the UK and continental Europe, and has added helicopter services in both the United States and the UK through acquisitions.
Last reviewed: September 2026. Curated by Trophy Registry from public sources and industry references.
Request removal or correction · info@trophyregistry.com · Listed firm? Display the badge
www.flexjet.com