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As tech names thanks for that.
-- as far as the economy's concerned it's not all gray skies out there in the midst of all of this turmoil some companies are taking off literally.
-- -- a private jet services provider has not only maintain altitude.
It is scenic consistent upturn in demand with this now on at first subplots interview is Fred Reid the president -- -- -- -- welcome to street had yet so you want reflects debt.
Well we have about a thousand customers who buy shares in in various sizes and smaller sure you can buy is 160 of an aircraft and then they can fly on any one of our 85 planes.
And that's a fastening business strategy -- -- purchases in other words 116 and an airline YouTube can have a corporate jet.
And that's -- strident dirt demand right 60% growth just -- his fractured sales yes.
Growth year to date or in the last recorded month of our of our volume and it's a turnkey solution.
You don't just sign up for single plane you have 360 pilots -- have 85 planes.
There's always fast recovery should -- be maintenance delays or anything like how does 116 have a corporate jet costs to business owner well it can be as low as 400000 depending on the plane or up to book about one point one million.
That's so interesting so what do you think when the president kind to be dig at the corporate jet owners as part of that debt ceiling debate in deficit reduction negotiations because.
Scrapping its US I it's a pretty accessible for pretty much anyone not necessarily business but really -- -- to have access to corporate -- Well you know I.
I I would say that the comments I would take and it's unfortunate because the people who fly and use private jets.
Are drivers of the US economy to produce a lot of value a lot of jobs a lot of corporate profits and they're actually stimulating the economy.
Moreover that private jet industry is a bastion of American dominance in one of the last ones there's over one point two million American workers making US jets.
And selling them from -- from from the American economy.
Are your customers primarily the CEOs or the financial advisors or the people kind of on the top tier or are you actually flying and -- contracts with really.
People running the -- Sometimes it's individuals it's very often C level executives in the be a handful who can fly and book project sometimes it's it's maintenance technicians who -- are troubleshooting for a big company and they don't get on the jet and go fly somewhere in fix something and in come back are you having to market your services -- people cut anti generally.
Well I'm happy to say we get 50% of all of our new business from our very satisfied customer base we also do some marketing online and print.
And of course a lot of people go to our website which is known as fabulous in the industry.
Question your probably anticipating about fuel prices and volatility in so many of the commodities oil prices been all over the map since the early spring so how does that affect you.
Well it really doesn't because we basically charge fuel on what it cost at under any particular day that we fly.
So ever really understands that's part of the deal also in the customers that fly -- just aren't as sensitive as let's say somebody going on vacation.
Fair enough something to -- thanks so much Fred Reid -- -- jets have a good plan and enjoy your stay here New York.
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