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Kenn Ricci, chairman of Flexjet, talked on Bloomberg TV’s “Market Makers” program about the company’s delivery of the new Gulfstream G450LXi business jet, and its plans to expand service in international markets.
In conversation with Bloomberg’s Matt Miller and Olivia Sterns, Ricci explained, “There are 700 private jet-controlled fleets and [private] aircraft-controlled fleets going after the U.S, market, but only 110 worldwide.” While Ricci believes the U.S. market may have flattened out, he is confident the worldwide market is only just opening up. Ricci is also principal of Directional Aviation, Flexjet’s parent company.