Charter & Fractional
Flexjet’s sales figures hint at market rebound
When the economic bottom slipped from under the business aviation industry in 2001, those in the fractional ownership market were unsure where it would lea

When the economic bottom slipped from under the business aviation industry in 2001, those in the fractional ownership market were unsure where it would leave them. Recession was a new experience for those in the fractional market, which had come into its own in the mid-1990s, after the recession of the late 1980s and early 1990s.

“Now we know,” said Flexjet v-p of sales Bob Knebel. “We know that the effect was not unlike that on the rest of the business aviation industry. It was reflective of the business jet market in general, which was very tough, and is now recovering very nicely.”