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April 23, 2009updated Feb 08, 2013

Flexjet Bows New Walk Away Lease Program

By Pardhasaradhi Gonuguntla

Flexjet has just introduced its newly revamped Walk Away Lease program as a response to its customers changing needs. It is a traditional lease (rental) on a share with monthly payments and minimal cash deposit. The program, available on all models and classes, provides many of the benefits that come with fractional ownership, but with the option to exit the contract with just 90-days notice or immediately following the purchase and delivery of a fractional share. The length of the contract ranges from 24 to 60 months, with the monthly lease payment fixed for the length of the contract. The owner walks away at the end of the contract without any risk or obligation at the end of the term. In just a few short months, this timely program has been responsible for more than 30 percent of Flexjet’s business this year by delivering the right product at the right time. And our owners benefit by being able to retain their capital for other purposes or deploy it differently as circumstances evolve and the economy recovers.

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