Flapper acquires Black Aviação and launches a jet club with a target of R$ 100 million.

Flapper, a Confrapar portfolio company and leader in on-demand private aviation in Latin America, has just announced a historic move for the sector: the acquisition of Black Aviação. The operation not only expands the company’s fleet and operational capacity, but also marks the launch of its exclusive private jet club, with an ambitious revenue target of R$ 100 million.

For Confrapar, this move is the materialization of our investment thesis in technological platforms that disintermediate complex markets. Flapper ceases to be “just” the “Uber of jets” to consolidate itself as a complete ecosystem of luxury and efficient air mobility.

Synergy and Fleet Expansion
With the integration of Black Aviação, Flapper incorporates robust operational expertise and assets that allow greater control over flight offerings. The acquisition aims to address a gap in the Brazilian market: the need for predictability and exclusivity for corporate and high-end clients.

The New Jet Club: Exclusivity and Technology
The highlight of the operation is the launch of the jet subscription club. The model offers:

Priority access to a dedicated fleet.

Optimized operational costs through Flapper’s proprietary technology.

Focus on efficiency: The goal of reaching R$ 100 million with this new product reflects the pent-up demand for more agile and less bureaucratic executive aviation services.

Confrapar’s Perspective
Confrapar invests in companies with high execution capacity and a long-term vision. Paul Malicki and the Flapper team demonstrated, with this M&A, that the company’s scaling strategy is sustainable and innovative.

“The acquisition of Black Aviação is a watershed moment. We are combining Flapper’s data intelligence with the operational solidity of an excellent hangar and fleet operator. It’s the future of executive aviation arriving sooner in Brazil,” highlights the Confrapar management team.

Next Steps
Flapper continues its expansion trajectory not only in Brazil, but also consolidating its international presence, using technology as its main competitive differentiator to democratize (within its segment) access to executive flights and optimize aircraft occupancy.

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Published on 13/02/2026