Directional Aviation Capital is buying Bombardier Inc.’s Flexjet unit for an undisclosed amount.

Flexjet is a fractional jet ownership services provider. It is being purchased by newly-formed Directional Aviation portfolio company Flexjet LLC. As part of the deal, Flexjet will order 85 business jets, with the option to order up to 245 jets.

Directional Aviation, a Richmond Heights, Ohio-based private equity firm that focuses only on business aviation, already owns Flight Options, which operations a private aviation fleet, and Sentient Jet, which provides private jets.  The firm is also invested in Nextant Aerospace, Constant Aviation and Everest Fuel Management.

In April, the firm entered into a joint venture with Resilience Capital to acquire a stake in Aerospace Products International.

Other recent aerospace deals include Bel Fuse Inc.’s (Nasdaq: BELFA) acquisition of Array Connector Corp., and Erickson Air-Crane Inc.’s (Nasdaq: EAC) purchase of Air Amazonia Servicos Aeronauticos Ltda. 

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