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FlexJet

Consumer, Industrials
www.flexjet.com
Investment
2009
Status
Active
Headquarters
Richmond Heights, OH
At a Glance
10,000
Customers
3,100
Employees
1,100
Pilots
250+
Aircraft
Overview

Flexjet, the second largest fractional jet operator, offers a range of private-jet services including: fractional ownership, leasing, charter memberships and aircraft management.

Creating Value
  • Built a new executive team, sales force, and operations center.
  • Changed the business mix and refocused the business on maintenance.
  • Reduced annual operating costs and new labor pilot contract.
  • Sold off excess lift capacity.
  • Restructured product offerings and simplified pricing to improve competitive positioning.
  • New controls and reporting to ensure strict cash and financial management.
  • Re-established brand recognition through new color scheme.
Jet and Helicopter