Mr. Trippe came to France and was similarly impressed with the Mystère. He and Marcel Dassault struck a deal in which a new division called Pan Am Business Jets would handle North American marketing for the French airplane, which we named the Falcon Jet. That was in 1966. Shortly thereafter, I persuaded Mr. Trippe to include pilot and maintenance technician training at FlightSafety as a part of the purchase price of every new Falcon. I believe that the inclusive training package helped to enhance the Falcon's appeal. More importantly to FlightSafety, it established our simulator training as an integral part of modern business aircraft operation. FlightSafety training became the standard.

It was clear to us that simulators were the key to FlightSafety's future. But these were very expensive devices. To get the money to pay for them, the company would have to go public with a stock offering. Because I felt it would be inappropriate for the CEO of a public company to be an employee of another company, I decided to retire from Pan Am. That was in 1968. I was 50 years old.