“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”
Flexjet Reports Sales Gains
Flexjet has announced that its fractional-jet-share sales rose 92 percent in the 12-month period ended last September 30. During the same time, according to the Texas-based company, industry-wide share sales increased 16 percent and Flexjet’s market share jumped from 14 to 21 percent. The Bombardier-owned company also noted that it has already sold 33 shares in the Learjet 85 program it announced last August.