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Horizon Acquisition Corporation II (HZON) to Combine with Flexjet in $3.1Bn Deal

Horizon Acquisition Corporation II (HZON) to Combine with Flexjet in $3.1Bn Deal

Horizon II (NYSE:HZON) has entered into a definitive agreement to combine with private aviation company Flexjet at an enterprise value of $3.1 billion, or about 1.3x its 2022E revenue. Richmond Heights, Ohio-based Flexjet operates a membership-based travel network for private plane transportation. The combined company is expected to trade on the NYSE under the symbol
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