✈️ Flexjet Acquires The Jet Business, Accelerating International Expansion
Flexjet is rounding out its brokerage capabilities for high-net-worth clients through capital operations, transitioning from a fractional ownership model to a full-service platform. On June 12, 2026, Flexjet completed its acquisition of London-based brokerage The Jet Business, with founder Steve Varsano taking the role of Flexjet President. The company already holds AOCs in the UK, Ireland, Malta, and the US, operates a fleet of over 340 aircraft, and received operating approval from Saudi Arabia's GACA in December 2025. Avi-Go data shows that from the beginning of 2026 to June 11, Flexjet logged a cumulative 4,808 takeoffs and landings across seven European countries, a slight year-on-year decline of 5.2%. However, the drag came primarily from an unusual trough in March (618 movements, -36.8% year-on-year); excluding March, the combined remaining months were up 2.3% year-on-year, with April growing 10.6% and May reaching the year's peak of 1,227 movements.
Impact: The Jet Business's high-net-worth client network and aircraft transaction capabilities will directly strengthen Flexjet's client acquisition and cross-border business depth in the European market, sharpening its competitive differentiation from traditional brokers. Varsano's appointment as President also provides brand and relationship support for its international integration.
Recommendation: Competing brokers and FBOs should assess the risk of client interception following Flexjet's integration before Q3 2026, focusing on high-net-worth client segments in London and the newly expanded Saudi market. Potential transaction partners can proactively engage Flexjet during the June acquisition window, aiming to establish aircraft transaction and maintenance partnerships in the early stages of its platform transformation.