Booming demand: A file picture showing Flexjet’s aircraft. The company focuses on fractional ownership, allowing customers to own and lease part of a jet.
NEW YORK: Horizon Acquisition Corp II, a blank-cheque company started by billionaire Todd Boehly – one of the new owners of Chelsea Football Club – has agreed to merge with Flexjet.
Flexjet, which offers a subscription-based private jet service, and the special purpose acquisition company (SPAC) will have a combined valuation of about US$3.1bil (RM14.6bil), including debt, according to a statement, confirming a Bloomberg News report.
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