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The Hard Truth About Part 91 Flight Departments: Gray Stone Advisors
In this episode of the LD Aviation Podcast, host Lindsay
Dyer sits down with Jim Lara and Steve Brechtor of Gray Stone Advisors to tackle one of business aviation’s toughest challenges: why so many Part 91 flight departments are shutting down.
From misaligned corporate priorities to failing to prove value with data, they uncover the real reasons behind closures and share the leadership strategies that can turn things around. Whether you’re a flight department manager, scheduler, or executive, this conversation will give you
practical tools to protect your team, prove your worth, and lead with
confidence in 2025 and beyond.
⏱️ Chapters / Time Stamps
00:00 – Introduction & Welcome
01:30 – Meet Steve & Jim Lara (Gray Stone Advisors)
06:30 – Steve’s Journey: From Pratt & Whitney to NetJets COO
12:00 – Jim’s Journey: From Levi Strauss to Sea Ray & Aviation Leadership
18:30 – How Gray Stone Advisors Started
23:00 – True Story: Building a Budget Overnight for a Client
28:40 – Why Flight Departments Are Closing Today
32:00 – The 5 Achilles’ Heels of Aviation Leadership
37:30 – Perception Problem: “Garage Mentality” in Corporate Aviation
43:00 – Evaluating Charter, Fractional, and Supplemental Lift Options
49:20 – Case Study: Fractional Share Solving Deadhead Issues
55:10 – Using Data to Tell a Clear Business Story
01:00:00 – The Power of 5-Slide Executive Presentations
01:05:20 – Tools: Budget Builder & Crew Count Explained
01:13:30 – Leadership Lessons: Chief Leading Officer vs Chief Doing Officer
01:18:00 – Coaching Aviation Directors to Gain Confidence
01:22:00 – Top 3 Actions to Secure Your Department’s Future
01:26:00 – Final Takeaways & Outro
Learn more about your ad choices. Visit megaphone.fm/adchoices
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By The Frequency Network: The WaveIn this episode of the LD Aviation Podcast, host Lindsay
Dyer sits down with Jim Lara and Steve Brechtor of Gray Stone Advisors to tackle one of business aviation’s toughest challenges: why so many Part 91 flight departments are shutting down.
From misaligned corporate priorities to failing to prove value with data, they uncover the real reasons behind closures and share the leadership strategies that can turn things around. Whether you’re a flight department manager, scheduler, or executive, this conversation will give you
practical tools to protect your team, prove your worth, and lead with
confidence in 2025 and beyond.
⏱️ Chapters / Time Stamps
00:00 – Introduction & Welcome
01:30 – Meet Steve & Jim Lara (Gray Stone Advisors)
06:30 – Steve’s Journey: From Pratt & Whitney to NetJets COO
12:00 – Jim’s Journey: From Levi Strauss to Sea Ray & Aviation Leadership
18:30 – How Gray Stone Advisors Started
23:00 – True Story: Building a Budget Overnight for a Client
28:40 – Why Flight Departments Are Closing Today
32:00 – The 5 Achilles’ Heels of Aviation Leadership
37:30 – Perception Problem: “Garage Mentality” in Corporate Aviation
43:00 – Evaluating Charter, Fractional, and Supplemental Lift Options
49:20 – Case Study: Fractional Share Solving Deadhead Issues
55:10 – Using Data to Tell a Clear Business Story
01:00:00 – The Power of 5-Slide Executive Presentations
01:05:20 – Tools: Budget Builder & Crew Count Explained
01:13:30 – Leadership Lessons: Chief Leading Officer vs Chief Doing Officer
01:18:00 – Coaching Aviation Directors to Gain Confidence
01:22:00 – Top 3 Actions to Secure Your Department’s Future
01:26:00 – Final Takeaways & Outro
Learn more about your ad choices. Visit megaphone.fm/adchoices