Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

“Over the past six months, we have been deeply entrenched in preparing our company for listing. During this process, it became evident to us that being a public company would result in significant outside influence by many who were not well-versed in our culture and who did not understand the passion that we share for the business. This lack of alignment was becoming a detriment to what makes Flexjet authentic, appealing, and genuine. The culture that we have built at Flexjet is not just a nice-to-have; it is the foundation of our business. It is what drives our success and ensures that we can continue to provide the exceptional service that you have come to expect. The risk that our most critical differentiator was in jeopardy, along with a less-than-favorable outlook in the equity markets, gave us serious pause.”

Source: Flexjet CEO Mike Silvestro addressing their decision to abandon plans for an IPO.

FMI: www.flexjet.com