Flexjet adds more value to fractional ownership.
Industry competition seems to be heating up, as Flexjet offers fractional jet customers some added value. With the newly-announced expansion of its Secondary Service Area (SSA), Bombardier Flexjet will nix repositioning fees for clients traveling to and from Canada and Central America. Both regions are outside the Primary Service Area (PSA), consisting of the continental U.S. and its 200-mile radius (parts of Canada and Mexico), and outside Flexjet’s former SSA, which included the Cayman Islands; Puerto Rico; the Greater, Lesser and Netherlands Antilles; Bermuda; the Bahamas; and further regions of Mexico. Owners of Flexjet’s Challenger aircraft can also now travel to Hawaii and Europe without incurring repositioning fees.
In addition, according to Flexjet President Mike McQuay, the fractional provider has done away with “industry standard” remarketing fees, typically charged to cover the administration costs and maintenance at the end of one’s contract, and often totaling four to seven percent of the cost of the jet. Flexjet is the first to offer this form of savings.
