A Rival of Warren Buffett’s NetJets Is Picking Up Cash in Merger With a SPAC

October 12, 2022

Flexjet, a large competitor to Warren Buffett’s subscription-based private aviation company NetJets, is raising cash and becoming a publicly traded company. The deal values Flexjet stock at about $2.6 billion, based on the roughly 263 million shares that will be outstanding after the transaction closes.