Flapper secures Series A extension funding to expand technology and launch fractional aircraft management program
Summary
Flapper, a leading on-demand private aviation company, announced it has raised an undisclosed amount of funding as part of its Series A extension. As part of its vertical expansion, the company plans to direct resources to a fractional management program, allowing existing and future aircraft owners to buy shares in selected jets and turboprops that Flapper intends to operate indirectly.Paul Malicki stated, "Following successful regional expansion, Flapper is now focused on strengthening its leadership position with innovative aircraft management programs created in collaboration with air carriers within its network. Using its mobile app, Flapper customers can currently quote one of 2,500 safety-vetted aircraft available for charter on its marketplace or buy individual seats on pre-scheduled flights. Among the so-called "Flapper Specials" are helicopter transfers offered on a per-seat basis for events such as motorsport and music festivals, as well as numerous available empty legs in Latin America and Europe. It has a local presence in the US, Europe, Argentina, Brazil, Chile, Colombia, and Mexico, and operates in the Middle East and India through its network of associates.