Upon the closing of the transaction, Flexjet is expected to be listed on the NYSE under the ticker symbol “FXJ.”įlexjet is a global leader in the private aviation sector with a full breadth of market offerings that reach private jet users through various branded storefronts that target specific private flying needs. (the “Company”), a global leader in subscription-based private aviation, and Horizon Acquisition Corporation II (“Horizon”) (NYSE: HZON), a publicly traded special purpose acquisition company, announced today a definitive business combination agreement that will result in Flexjet becoming a publicly listed company.
– World-class management team with 40+ years of industry experience and proven track record for driving innovation and growth through focused financial discipline and capital stewardship.ĬLEVELAND & GREENWICH, Conn.-( BUSINESS WIRE)-Flexjet, Inc. – Transaction proceeds are expected to fund fleet, program, and geographic expansion, as well as significant infrastructure expansion, including maintenance support facilities and private terminals – Transaction implies a pro forma enterprise value for Flexjet of approximately $3.1 billion and is anticipated to close in the second quarter of 2023 – Multi-decade track record of recurring profitable growth with projected estimated 2022 revenue of $2.3 billion, and estimated 2022 Adjusted Management EBITDA of $288 million* – Flexjet’s unique platform provides Fractional Jet Ownership Private Jet Leasing Jet Cards On-Demand Charter and Full Ownership to a highly loyal and growing clientele – Flexjet has entered into a business combination agreement with Horizon Acquisition Corporation II (“Horizon”) (NYSE: HZON) the combined company is expected to trade on the NYSE
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