Flexjet Announces Learjet 85 Fractional Program

Thursday, August 25, 2011 - 7:38am

Bombardier-owned Flexjet will offer fractional shares in its parent company's new eight-passenger
Learjet 85. The model, built primarily from carbon composites, has greater range (3,000 nautical miles) and more cabin space than any previous Learjet and offers high-speed cruise of Mach 0.82. Other features include advanced avionics, entertainment and wireless Internet systems. To encourage current Flexjet owners to place a deposit on a share in the new model, the company will waive early-termination fees for existing contracts on other aircraft types that will not expire until after delivery of the Learjet 85.

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Quote/Unquote

“"Many years ago, our company founder, Al Conklin, sold a new twin-engine business aircraft to a very successful entrepreneur. He had established a bit of a rapport with the individual and, after the sale, asked him straight out, 'How can you justify the cost of this airplane?' His reply? 'What is the cost of a divorce?'"–David Wyndham, president, Conklin & de Decker”

-David Wyndham