LVMH-backed firm invests $800M in Flexjet for a 20% stake
TL;DR
LVMH-backed investment firm takes a 20% stake in Flexjet, valuing the private jet company at around $4 billion, as part of a strategic move to enhance luxury travel offerings and brand synergies, with Flexjet focusing on creating an exclusive, club-like experience for high-net-worth individuals.
- LVMH-backed investment firm takes 20% stake in Flexjet, Inc. Private Jet Card Comparisons
- LVMH-backed investor group takes 20% stake in private jet company Flexjet CNBC
- Bernard Arnault’s Private Equity Firm Leads $800 Million Investment in Flexjet Bloomberg.com
- Private jet group Flexjet raises funds from LVMH-backed buyout firm Financial Times
- Flexjet closes $800m investment with L Catterton, KSL and J Safra Corporate Jet Investor
Want the full story? Read the original reporting
Read on Private Jet Card Comparisons