Bombardier"s Flexjet division (known as Flexjet) offers whole and fractional jet ownership (customers acquire partial ownership of Flexjet aircraft) services. With ownership comes a specified number of flying hours -- think of it as an airborne timeshare. (A one-sixteenth share of an airplane equates to 50 hours of flight time per year.) Through its Flexjet 25 program, customers can also buy flight time in 25-hour blocks without taking an ownership interest in a plane. Flexjet"s fleet of around 650 aircraft includes Learjet and Challenger business jets manufactured by the company"s parent, Montreal-based Bombardier. Flexjet was established in 1995 as a joint venture with American Airlines.
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