Flexjet is "reasonably sure" the worst has passed, president says

09/20/2010 | Portfolio.com

Fred Reid, president of Flexjet, recently reduced the minimum hours for fractional jet ownership to 25 hours. "We're reasonably sure that the worst is behind us, that 2009 was a very, very tough year for private aviation and for Flexjet," he said. The company, a division of aircraft manufacturer Bombardier, has been profitable since November, Reid said.

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