The present work is an experimental and analytical study on a flexible disk rotating close to a rigid rotating disk in open air. In the analytical study, the air flow in the gap between the flexible disk and the rigid disk is modeled using Navier-Stokes and continuity equations while the flexible disk is modeled using the linear plate theory. The flow equations are discretized using the cell centered finite volume method (FVM) and solved numerically with semi-implicit pressure-linked equations (SIMPLE algorithm). The spatial terms in the disk equation are discretized using the finite difference method (FDM) and the time integration is performed using fourth-order Runge-Kutta method. An experimental test-rig is designed to investigate the dynamics of the flexible disk when rotating close to a co-rotating, a counter-rotating and a fixed rigid disk, which works as a stabilizer. The effects of rotational speed, initial gap height and inlet-hole radius on the flexible disk displacement and its vibration amplitude are investigated experimentally for the different types of stabilizer. Finally, the analytical and experimental results are compared.