Flexjet Revenue, Valuation, Funding & Investors

Flexjet is valued at $4B as of July 2025, a 1.0x multiple on its last reported $3.8B revenue.

Last Flexjet valuation

$4B

Undisclosed stage · Jul 2025

Last Flexjet funding round

$200M

Undisclosed stage · Jul 2025

Flexjet revenue

$3.8B

Undisclosed stage · Jul 2025

Key investors in Flexjet

  • L Catterton
  • KSL Capital Partners
  • J. Safra Sarasin

Flexjet Overview

About Flexjet

Flexjet is a US provider of fractional private jet ownership, leases, and jet cards operating a fleet of Bombardier Challenger and Global aircraft. Headquartered in Cleveland, Ohio, programs like Flexjet 25 offer 25-hour cards with guaranteed availability. The company manages over 150 jets with in-house pilots, maintenance at 14 facilities, and crew training. Flexjet serves Fortune 500 executives across 1,500 airports worldwide.


Founded

1995

HQ

United StatesCleveland, OH

Status

Privately held

Customer focus

B2C

Revenue model

Product sales, Usage-based

Revenue

$3.8B (Jul 2025)

Valuation

$4B (Jul 2025)

Flexjet Valuation

Flexjet is currently valued at $4B, based on its undisclosed-stage round in July 2025.

The $200M round was led by L Catterton, with participation from KSL Capital Partners and J. Safra Sarasin.

Flexjet valuation by funding round

Flexjet valuation by funding round
DateStageValuationRevenue Multiple
Jul 2025Undisclosed stage$4B1.0x

Flexjet Revenue

Flexjet's latest recorded revenue is $3.8B, as of its undisclosed-stage round in July 2025. At a $4B valuation, that implies a 1.0x revenue multiple.

Flexjet revenue by funding round

Flexjet revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jul 2025$3.8B$4B1.0xUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Flexjet Funding History

Flexjet has raised a total of $200M across 1 funding round.

Flexjet funding rounds

Flexjet funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2025Undisclosed stageL Catterton (lead); KSL Capital Partners; J. Safra Sarasin$200M$4BFlexjet, a global leader in private aviation and the second-largest flight provider behind NetJets, closed an $800 million equity investment on July 21, 2025, from a consortium led by L Catterton with participation from KSL Capital Partners and J. Safra Group. This marks the largest equity investment in private aviation history, valuing Flexjet Inc. at around $4 billion based on L Catterton acquiring a 20% stake. Flexjet Inc. encompasses Flexjet, Sentient Jet, FXAir, and an extensive MRO business, with Chairman Kenn Ricci remaining the largest shareholder. The investment supports Flexjet's vision to transform the private jet flight experience by enhancing services, broadening offerings, and creating exclusive luxury partnerships like those with Ferretti Group's Riva Yachts and Bentley Motors. L Catterton's ties to LVMH enable synergies in consumer insights, brand strategies, retail expansion, and luxury product delivery. Existing shareholders retain control, forming a strategic partnership with these global investors experienced in upscale consumer experiences, luxury goods, and travel. Flexjet Inc. reported strong financial performance in 2024 with $3,835 million in revenue and $398.3 million in EBITDA, up from $3,355 million revenue and $384.1 million EBITDA in 2023. Historical figures show steady growth: 2020 revenue $1,844 million (EBITDA $202.8 million), 2021 $2,680 million ($236.8 million), 2022 $3,473 million ($315.7 million). The funding positions Flexjet to capitalize on rising demand for luxury travel amid competition from NetJets and others.

Who has invested in Flexjet?

3 investors have backed Flexjet across its funding rounds, including L Catterton, KSL Capital Partners and J. Safra Sarasin.

Lead investors include L Catterton.


Flexjet Investors

Investors in Flexjet by funding rounds participated
InvestorHQRoundsRoleFirst check
L CattertonUnited StatesGreenwich, CT1LeadJul 2025

This data is available for Pro users. Sign up to see all 3 Flexjet investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Flexjet

Flexjet has acquired 2 companies to date.

Last acquisition by Flexjet was on August 2nd 2023. Flexjet acquired Flying Colours for undisclosed valuation.


Latest Acquisitions by Flexjet

Flying Colours
Constant Aviation
Description
Flying Colours is a Peterborough, Ontario-headquartered MRO facility for mid-to-large business jets like Bombardier Globals and Challengers. As an authorized service center, it completes 400 maintenance events annually with 500 technicians. The company paints 50 aircraft yearly and holds EASA approvals. Flying Colours serves operators in North America and Europe. Established in 2009, it expanded to VIP completions.
Constant Aviation is a Cleveland-headquartered MRO provider for business aviation aircraft. Services include maintenance, engine overhauls, avionics upgrades, interior refurbishments, paint refinishing, and 24/7 mobile repair teams across the U.S. The company services fleets from manufacturers like Gulfstream, Bombardier, and Cessna at FAA-certified facilities in Ohio, Florida, and Delaware.
HQ CountryCanadaUnited States
HQ City
Peterborough
Cleveland, OH
Deal Date2 Aug 202322 Feb 2023
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Flexjet acquisitions and their M&A valuation multiples.

Start Free Trial

Flexjet Competitors

Flexjet competitors include listed companies like Travel+Leisure, TUI, MakeMyTrip and Jet2, and private ones like VistaJet and Engine.

Public and private companies comparable to Flexjet
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Travel+LeisureUnited StatesUnited StatesPublicly listed$4B$684M$3.9B2.3x
TUIGermanyGermanyPublicly listed$28B$2.6B$3.8B0.2x
MakeMyTripIndiaIndiaPublicly listed$1B$171M$4.5B4.5x
Jet2United KingdomUnited KingdomPublicly listed$10B$1B$3.5B0.1x
VistaJetMaltaVallettaPrivate$2.8B$750M$2.5B0.9x
EngineUnited StatesDenver, COPrivate$11M-$2.1B-

Flexjet Public Comps

Flexjet is still privately-owned, but its public comps include Travel+Leisure, TUI, MakeMyTrip, Jet2, Tongcheng Travel, Jungfraubahn Holding, Changbai Mountain Tourism, Flight Centre, Seera Group and Expedia.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Travel+Leisure$4B$684M2.3x2.3x13.6x8.9x
TUI$28B$2.6B0.2x0.2x1.9x2.1x
MakeMyTrip$1B$171M5.0x4.5x30.3x25.7x
Jet2$10B$1B0.1x0.1x0.8x0.9x
Tongcheng Travel$2.9B$659M0.7x0.7x3.0x2.6x
Jungfraubahn Holding$331M$168M4.7x4.3x9.3x10.0x
Changbai Mountain Tourism$117M$37M13.2x12.4x41.6x35.8x
Flight Centre$2B$306M0.9x0.9x6.1x5.5x

This data is available for Pro users. Sign up to see all Flexjet competitors and their valuation data.

Start Free Trial

Common questions about Flexjet

When was Flexjet founded?Flexjet was founded in 1995.
Where is Flexjet headquartered?Flexjet is headquartered in Cleveland, OH, United States.
Is Flexjet publicly listed?No, Flexjet is a private, VC-backed company.
What is Flexjet's valuation?Flexjet was last valued at $4B in its undisclosed-stage round in July 2025.
How much funding has Flexjet raised?Flexjet has raised $200M across 1 funding round.
What was Flexjet's last funding round?Flexjet's last funding round was a $200M undisclosed-stage round in July 2025, led by L Catterton.
Who are Flexjet's investors?Flexjet's investors include L Catterton, KSL Capital Partners and J. Safra Sarasin.
What is Flexjet's revenue?Flexjet's latest recorded revenue is $3.8B (July 2025).
What is Flexjet's revenue multiple?Flexjet's latest valuation implies a 1.0x revenue multiple ($4B valuation on $3.8B of revenue).
Which companies are comparable to Flexjet?Companies comparable to Flexjet include Travel+Leisure, TUI, MakeMyTrip, Jet2, VistaJet and Engine.
How many companies has Flexjet acquired?Flexjet has acquired 2 companies, including Flying Colours and Constant Aviation.

See companies similar to Flexjet

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial