Directional Aviation Capital (DAC)–the company headed by Kenn Ricci that owns Flight Options, Sentient Jet, Nextant Aerospace, and Constant Aviation, among others–announced that it is buying fractional provider Flexjet from Bombardier for $185 million. The transaction is to close by the end of 2013, pending U.S. government approvals. All Flexjet employees will be retained, Ricci noted.
Flexjet LLC, which is DAC’s shell company for the acquisition, also placed a $1.8 billion firm order for 85 Bombardier business jets–25 Learjet 75s, 30 Learjet 85s, 20 Challenger 350s, and 10 Challenger 605s–along with options for 160 more airplanes worth another $3.4 billion. Aircraft deliveries from this order will begin in July next year.