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Flapper Endorses Air Taxi Service

Flapper Advances Air Taxi Ambitions with Strategic Acquisition
Flapper, the prominent on-demand private jet charter marketplace, has taken a decisive step in the evolving air taxi sector by completing the full acquisition of Brazilian air carrier Black Táxi Aéreo in an all-cash transaction. This move marks a significant expansion of Flapper’s operational capabilities and service offerings within the business aviation landscape.
Expanding Operations and Service Portfolio
Paul Malicki, CEO and founder of Flapper, confirmed the acquisition and expressed enthusiasm about integrating Black Táxi Aéreo’s team, infrastructure, fleet, and brand into Flapper’s operations. The acquisition positions Black Táxi Aéreo as a broker-friendly air taxi operator within Flapper, broadening the company’s portfolio to include fractional ownership, air charter, and aircraft management services. These additions are designed to attract clients who may not typically engage with Flapper’s on-demand platform.
Rafael Matos, founder of Black Táxi Aéreo, will assume leadership of Flapper’s newly established Aircraft Management and Fractional Ownership Division. The combined fleet will soon feature a Gulfstream GIV-SP jet, owned by Flapper’s principal shareholder, alongside two Hawker 400 jets operating under Black Táxi Aéreo’s certificate and five managed aircraft. By the end of the year, Malicki anticipates that five aircraft will be operated directly under the merged certificate, with projected annual revenues reaching $20 million within the next twelve months.
Market Context and International Expansion
Malicki’s confidence is underpinned by robust growth in Brazil’s fractional ownership market, which expanded by 11% last year and now stands 61% above 2019 levels, according to data from WingX. Despite Brazil’s sizeable general aviation fleet of nearly 10,500 aircraft, only 39 are certified for fractional operations under RBAC 91K regulations. This disparity highlights a largely informal and untapped market segment that Flapper aims to formalize and digitalize.
Flapper’s international footprint is also growing rapidly. In a notable development last month, the company generated more revenue from flights outside Latin America than within for the first time, with over 60% of its income now derived from international markets. Brazil remains Flapper’s largest single market, but the company is focusing on expanding its proprietary digital marketplace in the United States and Europe, while also serving international brokers with its own fleet. Flapper’s technology division will continue to operate independently of the acquisition.
Industry Challenges and Competitive Landscape
Flapper’s endorsement of the air taxi model occurs amid intensifying competition and shifting market dynamics. The sector faces regulatory challenges, the complexity of integrating with existing aviation infrastructure, and the imperative to scale operations efficiently. These factors have spurred increased investor interest and prompted competitors to accelerate development or seek strategic partnerships.
Recent milestones in the industry, such as Joby Aviation’s acquisition of Blade Air Mobility’s passenger operations and its inaugural airport-to-airport flight, underscore the sector’s momentum. These developments are likely to influence competitive strategies as Flapper consolidates its position. The broader air taxi market appears poised for heightened activity, innovation, and rivalry in the coming months.

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