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Flexjet flexes its muscle in 2013 Q1

May 23, 2013, Dallas, Tx. - Flexjet reports new business growth of 83 per cent when comparing Q1 2013 versus Q1 2012. During this period, sales of fractional shares grew 108 per cent, while new jet card sales increased 48 per cent.


May 23, 2013
By Carey Fredericks

These positive reports follow new Flexjet President Deanna White’s first six months at the company’s helm.

“With the economy picking up speed, owners who have been tentative since the downturn have started to gain more confidence and are taking more and more trips,” said Deanna White, President, Flexjet. “Having the Dow Jones Industrial Average reach a record-breaking 15,000 points is not only a significant financial milestone, but also very good for our industry. People are ready to get back to business, and Flexjet takes them there.”

During the Easter travel weekend, Flexjet recorded flying hours at levels not seen since the height of the market in 2007. As a result, Flexjet is currently hiring pilots to satisfy the increasing demand.

“At Flexjet, we are focused on creating offerings that provide value and flexibility for our owners, such as the FlexShare and Coastal Connect programs,” added Bruce Peddle, Vice President, Sales and Marketing, Flexjet. “These products are contributing to the growth we experienced in the first quarter of this year.”

This year, Flexjet celebrates its 10th anniversary of managing the Challenger 300 aircraft, the world’s best-selling super midsize jet, and the 50th anniversary of Learjet, which is also owned by Bombardier. Flexjet is the first customer for the all-new Learjet 85 aircraft – the first business jet with both fuselage and wings built largely of carbon composite materials – with deliveries scheduled for summer 2014.