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Fri, Aug 05, 2005

Cheaper By The Dozen? OurPLANE Places Sizeable Eclipse Order

$26 Million Order Makes Eclipse's Day

OurPLANE has placed what appears to be its largest order, yet, for new aircraft. An order of 20 Eclipse 500 aircraft, valued at over $26 million USD (which consists of 10 firm and 10 options), makes OurPLANE the first fractional aircraft fleet customer for Eclipse Aviation.

OurPLANE will offer the Eclipse 500 VLJ to both GA pilots (who qualify to fly the E500 themselves) and small--medium size businesses (non-pilots) throughout OurPLANE's 15 locations across North America in OurPLANE's "Executive Program". Customers can buy a fractional share on a brand new, fully loaded Eclipse E500 for a fraction of the whole aircraft ownership costs.

"This is unprecedented and marks an entire new era", says Graham Casson, OurPLANE founder and CEO, "now virtually every person who travels-pilot, business owner or otherwise-can afford their own private, personal jet thanks to Eclipse and OurPLANE." Casson says "shares start at $349,900, with fixed costs of $3500 and hourly operating costs of $369 making an Eclipse jet affordable for everybody."

OurPLANE currently operates 22 new Cessna and Cirrus aircraft in both Canada and the United States. OurPLANE claims that share owners get up to 95% availability with their fractionally shared aircraft, and proves it with average daily flying time of a meager 1.6 hrs/day. "There is a misperception that one gives up flexibility and availability in buying an fractional aircraft. Clearly our historical data unquestionably proves that is not true".

"Eclipse is making history and as the leading VLJ and OurPLANE is confident that they will meet our customers needs like no other company or product currently available. I applaud Vern Raburn and his entire team".

OurPLANE currently has twenty (22) new aircraft in operation at fifteen (15) different locations across North America. OurPLANE recently announced the purchase of 10 new Cirrus SR22 G2 aircraft for delivery in the next 2 years, an order worth almost $4 million US. The company features factory new Cessna 182 Skylane, Cirrus SR20 & SR22, and the Raytheon Bonanza A36, King Air C90B and Eclipse Personal Jet aircraft.

FMI: www.ourplane.com, www.eclipseaviation.com

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