
Flexjet Accelerates Aircraft Deliveries
The fractional ownership provider is also hiring another 200 pilots.
Fractional ownership provider Flexjet is accelerating aircraft deliveries and hiring another 200 pilots to fly them as the industry experiences an “unprecedented rise” in demand, CEO Michael Silvestro told BJT. The increased demand hasn't interfered with Flexjet's ability to sell shares and jet cards and arrange leases for its fleet of Phenom 300 light jets.
A proactive approach to maintaining service levels has mitigated any service disruptions from the demand increase, Silvestro noted. While focusing on fractional sales as Flexjet’s core business, the company said, it has remained mindful of the importance of jet cards to its total operation. “In this way, we can continually ensure that supply matches demand,” Silvestro commented. He added that companies with a "disproportionate number" of jet cards rolled into their core business of fractional ownership shares make it “much harder to withstand moments like this when they unfold.”