Flexjet's fractional ownership program allows clients to pay a fraction of the aircraft's cost compared to full ownership, making private flying more accessible for businesses and individuals.
Flexjet's customer base is 80% Fortune 500 companies, which tend to be geographically concentrated in areas like New York and Houston, reflecting industry trends among wealthy fliers.
The all-inclusive hourly rate for the Praetor 600, set around $10,000, provides clients with an efficient alternative to commercial flying, alleviating common travel hassles.
Flexjet offers a structured ownership model akin to a country club, where members share ownership costs and gain access to private jets without the burdens of full ownership.
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