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Flying Privately: Discussing Fractional Jet Ownership with Flexjet's CEO
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Flexjet CEO Mike Silvestro likens fractional aircraft ownership to a timeshare for private aircraft. We caught up with him at a recent event where Flexjet announced a $7 billion purchase of Embraer jets to expand its fleet, and he explained what customers need to know when considering flying privately with the fractional model.
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Compared with full ownership, fractional requires a lot less responsibility for the owner.
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