The Versatility Plus program, unique in the fractional jet industry, allows you to custom-design your flying - right down to the hour and type of aircraft you wish to fly on. This program enhancement gives you the added flexibility of "exchanging" hours with other Flexjet owners to more closely match your actual flight hour requirements during a given year. You can gain access to more hours without the need to borrow from future years or you can realize value from your unused hours by making them available to others. The Versatility Plus pool also gives you the opportunity to purchase hours in a larger or smaller aircraft type than you own without having an interchange ratio applied.
WHAT ARE THE BENEFITS TO YOU?
More Flexibility
Gain access to additional hours: Do you need more hours this year, but don't want to borrow hours from next year?
Let us know how many additional hours you need. If the hours are available, you will be notified and invoiced for
the base cost of the hours. If not, we
will keep your request active and notify you as soon as hours become available.
How much do the hours cost?
The cost per hour is based upon the aircraft type flown. No interchange ratio is applied to your current contract when you fly on a larger or smaller aircraft than the aircraft type you own.
You will be invoiced for the base cost
of the hours drawn from the pool once
they are added to your account, and you will
be charged the current variable rate and fuel component adjustment at the time
the hours are flown. Refer to our Versatility Plus brochure for additional details.
More Value
Reduce your cost of ownership by receiving a credit for up to 25% of your Annual Allocated Hours each year by making them available through Versatility Plus.
Realize value from your unused hours: Do you need a fewer hours this year? You may now realize value for your unused hours instead of simply losing the hours at the end of your contract, as is generally the case with fractional ownership programs.
Let us know how many hours you would like to place in the pool. If there is immediate demand
for the hours, you will be notified and the hours will be deducted from your account, and a credit will appear on your next statement. If not, the hours will wait in the pool until a request for them is received.
More Versatility
It is easier for owners to match the number of hours they actually need each year with the number of hours available to them.
Versatility Plus, the breakthrough program developed by Bombardier Flexjet, allows you to custom-design your flying down to the hour. This program enhancement, utterly unique in the industry, gives you the added flexibility of exchanging hours with other Flexjet owners to more closely match your actual requirements for hours during a given year. You may gain access to additional hours without the need to borrow from future years or you may realize value from your unused hours by making them available to others.
† Total flying hours are limited to 125% of share size during a single contract year.
