Flexjet Raises $800M from LVMH-Backed Investment Group
Flexjet has secured USD800 million in a major funding round led by L Catterton, a U.S.-based private equity firm backed by luxury conglomerate LVMH. Additional investors include affiliates of KSL Capital Partners LLC and J Safra Group. The investment values Flexjet at approximately USD4 billion.
Flexjet Chairman Kenn Ricci emphasized the strategic value of partnering with L Catterton and its LVMH ties, citing potential collaboration in luxury branding, consumer insights, and high-end service delivery. While specific plans tied to the LVMH relationship are still in development, Flexjet already partners with luxury brands such as Ferretti Group and Riva.
The funding comes as Flexjet aims to scale operations to meet rising demand, particularly from tech and crypto entrepreneurs seeking premium private aviation options. The company plans to expand its fleet and service capabilities to accommodate this growth.
Earlier in 2025, Flexjet finalized a significant aircraft deal with Embraer Executive Jets for 182 new jets, including Praetor 500s, Praetor 600s, and Phenom 300Es, with options for 30 more. Despite recently imposed U.S. tariffs on Brazilian imports, Flexjet affirmed its commitment to the Embraer agreement.
The funding round was advised by Jefferies Group, Morgan Stanley & Co., and Goldman Sachs. A Flexjet spokesperson also confirmed ongoing efforts to grow the fleet further and hinted at future announcements.
In addition to this latest round, Flexjet raised USD500 million in late 2024 through a five-year unsecured notes issuance, using proceeds to refinance debt, fund dividends, and strengthen cash reserves.
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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com