Bombardier Flexjet is the only fractional ownership program to waive these fees for all owners regardless of the share size or aircraft type they own.
Bombardier Flexjet, the fractional business jet ownership program of Bombardier Aerospace, continues to lead the industry through innovative program enhancements by significantly reducing the cost of travel to and from the Caribbean and Bermuda.
Bombardier Flexjet has established a secondary service area for the Caribbean region, including the Greater, Lesser and Netherlands Antilles, Trinidad & Tobago, and Bermuda meaning owners will be able to fly to and from this region without paying repositioning charges or ferry fees effective February 1, 2005.
It is common practice among all major fractional jet ownership programs to charge their owners an amount, referred to as a ferry fee, when they fly to most destinations outside the United States. This is to cover the cost of repositioning the aircraft back to the mainland or to send the aircraft to an international destination to pick up passengers.
Bombardier Flexjet is now the only fractional jet ownership program to waive these ferry fees for all owners regardless of the share size or aircraft type they own. “This enhancement underscores our commitment to provide the best value and most flexibility to all Bombardier Flexjet owners,” stated Michael McQuay, President, Bombardier Aircraft Services.
Bombardier Flexjet Owners routinely fly to many international destinations including Europe, Asia and the Middle East, with the Caribbean and Bermuda being the most popular.
The six most popular Caribbean destinations among Bombardier Flexjet owners are St. Martin/St. Maarten in the Eastern Caribbean; St. John and St. Thomas in the U.S. Virgin Islands; Bermuda, San Juan, Puerto Rico; and St. Kitts in the Leeward Islands. According to Bombardier Flexjet, these destinations comprise 90 percent of all trips to the region, which include more than 400 flights in the past 12 months.
“This will dramatically improve the appeal of the Bombardier Flexjet program,” said Bob Knebel, Vice President Sales, Bombardier Flexjet. “This is another clear demonstration of our commitment to provide innovative, meaningful benefits to our owners.”
For example, Bombardier Flexjet owners flying a round-trip from New York to Bermuda on a Bombardier Challenger 604 aircraft may save approximately $9,900. Owners of Bombardier Learjet 40 aircraft can reduce the cost of a trip between Fort Lauderdale and St. Maarten by as much as $8,000.
Established in 1995 and based in Richardson, Texas, Bombardier Flexjet offers a turnkey program allowing individuals or companies to purchase a share in a Bombardier business jet at a fraction of the full ownership cost. Flexjet owners select the most appropriate aircraft type for their needs, determine the number of hours per year they fly, and purchase shares of the Bombardier business jets starting at a share size of 1/16th (equal to 50 hours flying per year). Flexjet guarantees 24-hour access to its fleet with as little as six hours notice and can fly into 10 times the number of airports available to commercial flights, for maximum travel flexibility. Owners pay predictable monthly management and usage fees, while Bombardier Flexjet manages aircraft maintenance, flight crews, hangars, fuel and insurance on their behalf. Flexjet is the only fractional provider that fields the complete family of Bombardier business jets, including the Learjet 40, Learjet 45, Learjet 60, Challenger 300 and Challenger 604.
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2004 were $15.5 billion US and its shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F). News and information are available at www.bombardier.com.
Bombardier Flexjet, Challenger and Learjet are trademarks of Bombardier Inc. or its subsidiaries.