Flexjet Takes Aim at Buffett’s Netjets for International Fliers
(Bloomberg) -- Kenneth Ricci, chairman of Flexjet, talks about competition in the private aircraft flight-share industry, business model and growth strategy. Ricci speaks with Matt Miller and Olivia Sterns on Bloomberg Television's "Market Makers." (Source: Bloomberg)
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Flexjet, the private aircraft flight-share company sold by Bombardier Inc. in 2013, is seeking to break the lock Warren Buffett’s Netjets has on international private flights.
Having just gotten its first Gulfstream G450s, and with G650s -- the longest-flying business jet -- to be delivered next year, Flexjet is doubling the number of planes by 2016 that have range to fly to Europe to more than 40, said Chairman Kenneth Ricci.