(A positive) sign of the times

Nothing shows confidence in the continuing rebound of a market like an $11 million investment in a new private airplane.

That's why executives at Rectrix, a private jet and general aviation facility at the Sarasota Bradenton International Airport, recently bought a new Lear 45XR jet. The purchase now gives the facility an $11 million plane to go with a $22 million Bombardier Challenger 300 it owns. Rectrix also leases spots for 20 planes in its 45,000 square feet of hangar space.

“We really believe the market is starting to make a comeback,” Rectrix President Richard Cawley tells Coffee Talk. “(And) the best time to spend any capital is when things are down.”