Flexjet completes Flairjet acquisition
August 9, 2016
Flexjet is on course to commence operations in Europe following its acquisition of Flairjet from Marshall Aviation Services.
Acquiring Birmingham-based charter and management company Flairjet gives US directional aviation capital company Flexjet the air operator certificate (AOC) it requires for Europe.
Flexjet announced it intended to enter Europe at the 2016 European Business Aviation Convention and Exhibition (EBACE) in Geneva, setting out plans to acquire a local operator with the aim of operating a small fleet Nextant 400XTis by the end of the year.
With Flairjet’s acquisition, along with its associated AOC, Flexjet Managing Director, International Ray Jones believes the company remains largely on track to achieve its goal, although it may be moved back to the first quarter of 2017, depending on how complex integrating Flairjet proves to be.
Originally operating from Oxford airport, Flairjet moved to the second city early last year after business aviation services company Marshall Aviation Services took over the lease of the existing fixed-base operator (FBO) from Eurojet Aviation, which folded in 2014.
Offering both aircraft charter and management, Flairjet is also an expert in Phenom, providing Phenom pilot training, as well as delivery ferry flights and new aircraft acceptance.
Flairjet’s current fleet will be retained, with Flexjet looking to expand both the charter and managed fleets.
“Noting changes in the near term, all that has really changed is the ownership, and then as we move forward the most noticeable piece that will come is the introduction and deployment of a third category of aircraft within the AOC,” Jones explained.
This third category will introduce Flexjet’s own aircraft, he added, with Nextant 400XTi already identified as being ideal for the company’s European operations.
Jones believes the European market is a difficult one: “That brings its own challenges; it is a very price-sensitive market, but at the same time what we have is the ideal opportunity. We have the opportunity to service out existing clients here, and in the 400XT we will have a very good value proposition in terms of that the aeroplane will do, and where we think we can place it in terms of price point to do that.”