Story ID: 
Flexjet Launches Days-based G650 Frax Program
By: Chad Trautvetter
Caption: Flexjet's new days-based shared-ownership program for the Gulfstream G650 is aimed at high-utilization, large-cabin business jet customers.
Word Count: 197
Flexjet has launched a days-based shared ownership program aimed at high-utilization, large-cabin business jet customers. Available for the Gulfstream G650, it features pricing via a days-based model instead of one based on traditional fractional hours. The new program will start with two home bases: New York City and London, which are each financial capitals and popular business and personal travel destinations.

“When the traditional fractional program was created 35 years ago, customers purchased hours for segments that were approximately two-hour trips. In our new program, we have changed the primary currency of hours to a days-based model that is much more consistent with traditional whole aircraft ownership,” said Flexjet CEO Michael Silvestro.

Clay Wilcox, a 28-year aviation industry expert, has joined Flexjet as v-p of sales and will lead the company’s new days-based fractional program. Most recently, Wilcox was with NetJets for 11 years as a regional v-p of sales and a senior sales executive with its whole aircraft division, QS Partners.

The G650 is part of Flexjet Red Label, which features aircraft-dedicated flight crews, what the company claims is the youngest fleet in the industry, and custom cabin interiors.