DALLAS, Oct. 29, 2012 /PRNewswire/ -- (www.flexjet.com) –
Flexjet – one of the world's most premium fractional jet
ownership providers – is launching FlexShare, a unique
program providing fractional jet owners with guaranteed access to
two different aircraft types with the purchase of a single 50-hour
share. Based on their specific flight requirements,
FlexShare owners may now customize the allocation of their
annual hours among Flexjet's fleet of legendary Learjet and
Challenger aircraft.
"Flexjet offers the highest levels of customization in the
fractional jet ownership industry, and truly delivers on the
promise of flexibility its name inspires," said Deanna White, President, Flexjet. "Creating the
FlexShare program – featuring the tremendous benefit of
ownership in two different aircraft – is yet another example of
Flexjet's dedication to creating custom solutions based on our
owners' unique needs."
As part of this program, FlexShare customers pay the full
purchase price for one share of a selected aircraft type based on
vintage. The single, blended monthly management fee is determined
by the aircraft types in the FlexShare mix, along with the
selected division of hours: 40/10, 35/15, 30/20 or 25/25. Owners
secure contracts for the hourly rates and the Fuel Component
Adjustment (FCA) for both aircraft in their selected program.
FlexShare owners also benefit from a number of
distinctive features Flexjet offers for even greater value
and flexibility. This includes a 90-Day Satisfaction Guarantee,
allowing new Flexjet fractional owners to exit their
contract for any reason within the initial three-month period –
regardless of contract. Owners also benefit from access to multiple
aircraft on the same day, as well as a unique five percent program
aircraft guarantee assuring travelers will fly on a Flexjet
fractional ownership program aircraft 95 per cent of the time or
better. Finally, owners are able to participate in Versatility
Plus, a program enabling Flexjet owners to realize value from
unused, allocated hours by placing them in a pool for exchange with
other owners. Since its introduction in 2004, this program has
returned more than $31.5 million back
into the hands of Flexjet owners who would have otherwise
lost those hours.
For more information and to learn about pricing options, please
call 1-888-514-1985 or visit www.flexjet.com.
About Flexjet
Richardson,
TX-based Flexjet—a division of Bombardier, the world's
largest business aviation manufacturer—first entered the fractional
jet ownership market in 1995. Flexjet now offers whole aircraft
ownership and management, fractional jet ownership, jet cards and
charter brokerage services. Flexjet's fractional aircraft program
is the first in the world to be recognized as achieving the Air
Charter Safety Foundation's Industry Audit Standard, and Flexjet is
the first and only company to be honored with its 13th
FAA Diamond Award for Excellence. Flexjet's fractional
program fields an exclusive family of Bombardier business
aircraft—the youngest in the fractional jet industry with an
average age of approximately five years—including the
Learjet 40 XR, Learjet 45 XR, Learjet 60 XR,
Challenger 300 and Challenger 605
business jets. For more details on innovative programs and
flexible offerings, visit www.flexjet.com.
Flexjet has an approved fractional ownership program pursuant 14
C.F.R. Part 91, Subpart K, and manages flights for individual
aircraft owners under Part 91 whole aircraft management program.
All other flights (e.g. Flexjet 25 jet card program, charter
brokerage program, etc.) are provided by certificated air carriers
in accordance with applicable laws and regulations, as Flexjet is
not an air carrier.
The Flexjet 25 Jet Card Program is operated under Part
135 by Jet Solutions, LLC, a U.S. air carrier. Flexjet acts as an
agent for Jet Solutions, LLC, in connection with the Flexjet
25 Jet Card program. Flexjet acts as an agent for the customer
with on-demand charter broker services when arranging
transportation operated under Part 135 by U.S. air carriers.
About Bombardier
Bombardier is the world's only
manufacturer of both planes and trains. Looking far ahead while
delivering today, Bombardier is evolving mobility worldwide by
answering the call for more efficient, sustainable and enjoyable
transportation everywhere. Our vehicles, services and, most of all,
our employees are what make us a global leader in
transportation.
Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto
Stock Exchange (BBD) and we are listed on the Dow Jones
Sustainability World and North
America indexes. In the fiscal year ended December 31, 2011, we posted revenues of
$18.3 billion USD. News and
information are available at bombardier.com or follow us on Twitter
@Bombardier.
Bombardier, Challenger, Challenger 300, Challenger
605, Flexjet, Flexjet 25, FlexShare, Learjet, Learjet 40, Learjet
45, Learjet 60, The Evolution of Mobility and XR are
trademarks of Bombardier Inc. or its subsidiaries.
SOURCE Flexjet
