LVMH expands reach into private jet market
LVMH(US:LVMUY) CNBC Televisionยท2025-07-21 15:31One of the biggest names in luxury is about to take off with a big investment in private jets. Our Robert Frank is watching that this morning. Morning, Robert. Morning, Carl.Good to see you. Well, LVMH expanding its reach into the private jet market with Flexjet. LC Katerton, that's the private equity firm backed by LVMH and Bernard Arno is leading an investment of $800 million to buy 20% of Flexjet.That would be the largest ever equity investment in a private jet company. Now, Flex Check will use the proce ...