--- title: "Flexjet Orders $1bn of Gulfstream Long Range Jets - SherpaReport" description: "The deal includes firm orders for six G500s, ten G450s and six G650s, worth an estimated $1 billion at list prices." url: "https://www.sherpareport.com/aircraft/flexjet-gulfstream-jets.html" date: "2026-10-18T03:22:07+00:00" language: "en-GB" --- [ ![Sherpa Report](https://www.sherpareport.com/images/sherpa-report-logo-white.svg) ](https://www.sherpareport.com/) #### Member login Remember Me - [ Forgot your username?](https://www.sherpareport.com/lost-user-name.html) - [ Forgot your password?](https://www.sherpareport.com/lost-password.html) GO [ ](# "Menu") # Flexjet Orders $1bn of Gulfstream Long Range Jets Nick Copley 31 October 2014 Last Updated: 11 November 2014 Fractional and jet card operator Flexjet recently announced a relationship with Gulfstream for up to 50 aircraft. These include the new Gulfstream G500, for which Flexjet will be the North American launch customer and sole and exclusive fractional provider offering access to the aircraft. ![Gulfstream G500](https://www.sherpareport.com/images/stories/planes/gulfstream-g500-570.jpg "Gulfstream G500") The deal includes firm orders for six G500s, ten G450s and six G650s, worth an estimated $1 billion at list prices. - The G450 is outfitted for 16 passengers and can travel 4,350 nautical miles/8,056 kilometers with eight passengers. - The $43.5 million G500's all-new design optimizes speed, wide-cabin comfort and efficiency. The G500, whose first flight is scheduled for 2015, is slated to be able to fly 5,000 nautical miles/9,260 kilometers and is outfitted for 12 passengers. - The G650 will seat 12 passengers yet can travel farther, faster, than any other business jet. Its range of 7,000 nautical miles/12,964 kilometers enables it to travel nonstop from the U.S. to Europe or Asia. The first G450 will be available to Flexjet customers in June 2015. The first G650 will come online in 2016 and first delivery of the G500 is expected in 2018. Flexjet was formed in 1995 as a subsidiary of aircraft manufacturer Bombardier, but [was sold last year to Directional Aviation Capital](https://www.sherpareport.com/aircraft/flexjet-acquisition-5-2bn-order.html). Prior to this new Gulfstream order, the Bombardier made Learjets and Challengers have been the core of its fleet of [fractional aircraft](https://www.sherpareport.com/aircraft/jets-overview.html). "We wouldn't have done this without a significant backlog of our own customers that would be titling those planes. We have a significant amount of deposits." said Kenn Ricci, Flexjet's chairman and principal of Directional Aviation Capital. ![Gulfstream G500 Interior](https://www.sherpareport.com/images/stories/planes/gulfstream-g500-interior-570.jpg "Gulfstream G500 Interior") In addition to the aircraft order, [Flexjet](https://www.sherpareport.com/aircraft/flexjet-overview.html) and Gulfstream entered into a Product Support Services Agreement under which Gulfstream will maintain the Flexjet Gulfstream fleet over the next 10 years. "Flexjet is privileged to fill the void in the fractional market for new Gulfstream aircraft, becoming the sole and exclusive fractional provider of new Gulfstream aircraft including the G450, G650 and the highly anticipated G500. Our 10-year agreement with Gulfstream will help us meet our owners' demands for longer-range, larger-cabin aircraft, greatly expanding Flexjet's global capabilities," said Kenn Ricci. ### Related Items #### [Inside Flexjet’s New Farnborough Terminal and Red Label Academy Expansion](https://www.sherpareport.com/aircraft/inside-flexjets-farnborough-terminal.html) #### [Flexjet Adds The Gulfstream G500 To Its Fractional Fleet](https://www.sherpareport.com/aircraft/flexjet-adds-gulfstream-g500.html) #### [The Jet Business Joins the Flexjet Ecosystem](https://www.sherpareport.com/aircraft/the-jet-business-joins-flexjet.html) #### [Business Aviation CEOs Discuss the Industry’s Next Phase of Growth](https://www.sherpareport.com/private-aviation-news/business-aviation-ceos-growth.html) #### [Flexjet Orders 300 Phantom 3500 Jets](https://www.sherpareport.com/aircraft/flexjet-orders-phantom-3500-jets.html) #### [Flexjet Adds Ultra-Long-Range Gulfstream G700](https://www.sherpareport.com/aircraft/flexjet-gulfstream-g700.html) #### [Flexjet Overview](https://www.sherpareport.com/aviation-company-profile/flexjet.html) #### [Flexjet Secures $800 Million Equity Investment Linked to LVMH](https://www.sherpareport.com/aircraft/flexjet-800-million-investment.html) #### [How Many Private Jets Fly to the Super Bowl?](https://www.sherpareport.com/aircraft/many-private-jets-super-bowl.html) #### [Flexjet Signs $7bn Order For Embraer Jets](https://www.sherpareport.com/aircraft/flexjet-7bn-order-for-embraer-jets.html) #### [Flexjet Plans Private Terminal At Farnborough Airport](https://www.sherpareport.com/aircraft/flexjet-terminal-farnborough.html) #### [The Largest Private Aircraft Operators in 2023](https://www.sherpareport.com/aircraft/largest-operators-2023.html) ### SherpaReport monthly newsletter First Name Email Comments ### Latest News in Private Aviation ![](https://www.sherpareport.com/images/Magell-legacy-250.jpg) #### [ Magellan Adds Flexibility To Its Jet Cards ](https://www.sherpareport.com/aircraft/magellan-flexibility-cards.html) ![](https://www.sherpareport.com/images/stories/planes/Premier-Hawker800-250.jpg) #### [ Premier Private Jets at a Glance: Products, Fleet, and Infrastructure ](https://www.sherpareport.com/aircraft/premier-private-jets-overview.html) ![Mike Silvestro opening Farnborough FBO](https://www.sherpareport.com/images/stories/planes/Flex-Mike_Silvestro-Farn-250.jpg) #### [ Inside Flexjet’s New Farnborough Terminal and Red Label Academy Expansion ](https://www.sherpareport.com/aircraft/inside-flexjets-farnborough-terminal.html) ![](https://www.sherpareport.com/images/stories/planes/flyte-vision-N440MA-250.jpg) #### [ Flyte: A Focused Regional Vision Jet Operator ](https://www.sherpareport.com/aircraft/flyte-vision-jet-operator.html) ![](https://www.sherpareport.com/images/stories/planes/NetJets-P500-250.jpg) #### [ How Old Is the Private Jet You Are Flying On? ](https://www.sherpareport.com/aircraft/how-old-private-jet.html) ![](https://www.sherpareport.com/images/stories/planes/ClayLacy-Charter-250-2.jpg) #### [ Solairus Acquiring Clay Lacy Aircraft Management & Charter Divisions ](https://www.sherpareport.com/aircraft/solairus-acquire-clay-lacy.html) ### Aviation Company Profiles ![Aviation Company Profiles](https://www.sherpareport.com/images/company-profiles/CompanyProfile.png) Details on the leading private aviation companies, including aircraft management companies, fractional operators, charter operators and brokers. - [Find out more](https://www.sherpareport.com/aviation-company-profile/) ### SherpaReport Membership Get the latest, updated data and insights on the leading fractional jet programs, leading private jet card and membership programs, and the top-rated charter operators. 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