Obviously bad news for pilots on certain fleets. On the other hand, for pilots tired of the craziness that is fractional flying (and their lame management teams), maybe this is the opportunity to pivot to the many airlines currently hiring... Take the payout and bolt.... Good luck to all involved!
Article is below:
http://www.ainonline.com/aviation-news/business-aviation/2016-04-05/flexjet-flight-options-restructure-fleets?eid=325864607&bid=1360494