Flexjet Sees Uptick in New Business Growth

Fractional provider Bombardier Flexjet reported an 83-percent rise in new business growth in the first quarter versus a year ago. During this period, its fractional sales reportedly climbed by 108 percent, while new jet card sales rose by 48 percent. 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 said it is currently hiring pilots to satisfy the increasing demand.