BTW, ran into a FLOPS crew the other day who told me they are crewing (and flying in their paint) exclusive FX contracts for metal FX doesn't even own.
That's been going on for a few months now. I have no idea what the owner contract on that deal would look like.
A few owners might be fooled but enough will see the bait & switch that it won't be the end of the world. Its a Flight Options aircraft being flown by Flight Options crews with an FX tail number. As long as the 135 brief includes the 'Operated by Flight Options LLC' its all legal. Flexjet could fly FJ aircraft with FLOPS tail numbers also, but why would anyone do that...