One 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 ...

LVMH is expanding its reach into the private jet market with Flexjet. El Caterton, that's the private equity firm that is backed by LVMH, is leading an investment of $800 million to buy 20% of Flexjet. Flexjet, of course, based in Cleveland, will use the proceeds to buy more large jets and add infrastructure, especially in Europe, where they're seeing a lot of growth right now.LVMH's 75 brands will also help FlexJet's goal of being a true luxury experience and a community of members. Flexet chairman Ken Ric ...

One of the biggest names in luxury about to take off with a big investment in private jets. Robert Frank, the one and only who would know all about this, joins us now with more. Good morning. Good morning, Andrew.Great to see you. Well, LVMH is expanding its reach into the private jet market with Flexjet. El Caterton, that's the private equity firm that is backed by LVMH, is leading an investment of $800 million to buy 20% of Flexjet.Flexjet, of course, based in Cleveland, will use the proceeds to buy more ...