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.
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.
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.