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- Flexjet
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
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
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales, Usage-based
Revenue
$3.8B (Jul 2025)
Valuation
$4B (Jul 2025)
Sectors
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
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2025 | Undisclosed stage | $4B | 1.0x |
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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2025 | $3.8B | $4B | 1.0x | Undisclosed 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2025 | Undisclosed stage | L Catterton (lead); KSL Capital Partners; J. Safra Sarasin | $200M | $4B | Flexjet, 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Jul 2025 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions 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
| 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 Country | ||
| HQ City | Peterborough | Cleveland, OH |
| Deal Date | 2 Aug 2023 | 22 Feb 2023 |
| Valuation | undisclosed | undisclosed |
| 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $4B | $684M | $3.9B | 2.3x | ||
| Publicly listed | $28B | $2.6B | $3.8B | 0.2x | ||
| Publicly listed | $1B | $171M | $4.5B | 4.5x | ||
| Publicly listed | $10B | $1B | $3.5B | 0.1x | ||
| Private | $2.8B | $750M | $2.5B | 0.9x | ||
| Private | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4B | $684M | 2.3x | 2.3x | 13.6x | 8.9x | |||
| $28B | $2.6B | 0.2x | 0.2x | 1.9x | 2.1x | |||
| $1B | $171M | 5.0x | 4.5x | 30.3x | 25.7x | |||
| $10B | $1B | 0.1x | 0.1x | 0.8x | 0.9x | |||
| $2.9B | $659M | 0.7x | 0.7x | 3.0x | 2.6x | |||
| $331M | $168M | 4.7x | 4.3x | 9.3x | 10.0x | |||
| $117M | $37M | 13.2x | 12.4x | 41.6x | 35.8x | |||
| $2B | $306M | 0.9x | 0.9x | 6.1x | 5.5x | |||
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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. |
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