Flexjet LLC, a leading provider of fractional private jet ownership, today recognized Michael Silvestro, its longtime Chief Executive Officer, as he marks 10 years in the role, making him the fractional private jet industry’s longest-tenured CEO.
Flexjet has been recognized by professional services organization Employers Resource Council (ERC) as one of the 2018 NorthCoast 99 best places to work in Northeast Ohio. This is the 15th time the company has been ranked among the leaders.
New Business Up 76 Percent Red Label Continues Growth, Now Serving 42 Percent of All Flexjet Owners More Aircraft Delivered to Address Increased Demand CLEVELAND, September 10, 2018 — Flexjet LLC, a leading provider of fractional jet ownership, New business grew even more strongly, expanding by 76 percent year over year; additionally, more than half (57%) of […]
Flexjet today congratulated its pilots on successfully decertifying the International Brotherhood of Teamsters (IBT) Local 1108, which previously represented the pilots. This move will give Flexjet’s pilots a direct relationship with the Company, and it will provide Flexjet with a huge competitive advantage in the fractional jet ownership market.
Flexjet announced today a new, nationwide hiring initiative for pilots that will increase its flight crew ranks by 25 percent this year. The company said its flight crew growth, together with a projected 14 percent increase in its fleet, is driven by increased demand, including growth in the premium Red Label by Flexjet service.
Flexjet announced substantial salary increases for Red Label pilots, making them the highest paid in the industry. Increase makes total pilot compensation 25 percent greater than that of competitors.
Flexjet Chairman Kenn Ricci has been named one of Town & Country Magazine’s Top 50 Philanthropists. The honor comes after Ricci created a groundbreaking giving structure called a Philanthropic Succession Partnership to donate $100 million to the University of Notre Dame, the single largest unrestricted, guaranteed gift ever committed to the University.
Flexjet’s new private terminal, maintenance hangar, office space and covered parking garage will stand alongside the TAC Air FBO, retail shops, restaurants, offices, an auto-dealer showroom, entertainment venues and hospitality facilities. Renovations at the historic 1958 Braniff International Airways facility are expected to be completed by summer 2019.
Flexjet dismissed as self-serving, a NetJets pilot union press statement criticizing Flexjet’s interaction with its pilots. Oddly, the statement fails to mention that just a few days ago, more than half of Flexjet’s pilots called for a vote to decertify the Teamsters as its union representative.
Flexjet announces Corporate Solutions by Flexjet, which will partner with corporate flight departments to increase the efficiency of their operations, control costs, rationalize their fleets and improve service.