Flexjet announced the acquisition of London-based aircraft brokerage and advisory firm The Jet Business, expanding its capabilities in whole aircraft sales, procurement, and advisory services.
The transaction combines Flexjet’s existing FXSolutions brokerage business with The Jet Business under a unified global platform. The Jet Business will continue operating under its existing brand while leveraging Flexjet’s infrastructure, resources, and international reach. Financial terms of the deal were not disclosed.
The acquisition strengthens Flexjet’s presence in Europe, adding The Jet Business’ London team to the company’s growing footprint, which includes a Mayfair sales center and a Tactical Control Centre at Farnborough Airport. Flexjet is also preparing to open a private terminal at Farnborough later this year, marking the company’s largest infrastructure investment outside the United States.
The transaction supports Flexjet’s strategy of expanding internationally and maintaining one of the industry’s youngest fleets. Through the deal, The Jet Business will help oversee the acquisition of aircraft entering the Flexjet fleet and the transition of aircraft exiting service, providing market intelligence and transaction expertise.
Flexjet will also introduce a new offering called Flexjet Solutions, giving owners and buyers access to operational support, maintenance infrastructure, pre-purchase inspections, aircraft-on-ground response resources, and aircraft management services.
As part of the acquisition, The Jet Business founder Steve Varsano will assume a new role as President of Flexjet, where he will focus on product innovation and international growth.
Founded in 2011, The Jet Business established itself as a specialized aircraft brokerage and advisory company with a distinctive London-based client experience. Flexjet, which entered the fractional ownership market in 1995, operates a global fleet of more than 340 private aircraft and continues to invest in infrastructure, maintenance capabilities, and customer experience initiatives across North America and Europe.
KEY QUOTES:
“A core tenet of our luxury strategy is maintaining one of the youngest and most modern fleets in the industry. To do that effectively requires sophisticated capabilities around aircraft remarketing and transition planning. This acquisition strengthens our platform to move aging aircraft gracefully out of the fleet, while introducing next-generation aircraft into service for our fractional Owners. By continuing to gain greater control of key aspects of our industry ecosystem, Flexjet is constantly elevating customer experience and innovating product offerings in a way that truly redefines private aviation today.”
Kenn Ricci, Chairman of Flexjet
“I am proud to see The Jet Business augment the global advisory and research capabilities of Flexjet, which has established itself as the definitive luxury brand in private aviation under the visionary helm of Kenn Ricci. We are well aligned in our belief that clients, at the very top of this market, are seeking far more than access to aircraft. They want trusted solutions that are designed around their needs, delivered by experts and presented in style. When I set out to build The Jet Business, my goal was to change how aircraft are bought and sold. Through social media, it evolved into something even greater, a brand built on education, mentorship and trust, anchored by an immersive London experience that reimagined how clients engage with private aviation.
The opportunity to take everything I have built and place it inside the world’s leading luxury aviation platform is one you simply do not pass up. I am delighted to now be playing a new role within Flexjet, helping to drive new and compelling global opportunities. Being part of the Flexjet ecosystem creates exciting opportunities to expand upon that vision in new and highly differentiated ways, and we look forward to sharing more in the future.”
Steve Varsano, Founder of The Jet Business and President of Flexjet
“Steve Varsano’s considerable insight, expertise and creativity add a great deal to our organisation. He will be a major asset as we advance our global reach in aircraft sales, procurement and beyond.”
Kenn Ricci, Chairman of Flexjet
