Fairchild Aerospace announced an order for 25 Envoy 7 wide-body business jets worth $760 million from Flight Options, the U.S.-based fractional ownership corporate jet operator. The Envoy 7 is based on Fairchild Aerospace's 718JET regional airliner; the smaller Envoy 3 is based on the 328JET. Carl Albert, chairman and CEO of Fairchild Aerospace, said at the Paris Air Show that "Fractional ownership is changing the face of business jet ownership. Flight Options is the ...

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