Company Eliminates Flight-Hour Limits, "Peak Days"
Designation
Recognizing that simplicity is a virtue in most any situation --
including aircraft ownership -- Executive AirShare announced this
week it has instituted two enhancements to its regional fractional
aircraft ownership program. The Kansas City, MO-based company aims
to attract business owners and executives seeking the highest level
of service and the greatest return on their business aviation
investment.
Effective immediately, Executive AirShare has lifted
shareowners' annual flight-hour limits to offer owners exclusive
access to their aircraft on a "per day" basis. The company has also
eliminated "peak days" for traditional high-demand occasions such
as major holidays.
"The goal of our regional fractional program has always been to
create an experience that most closely replicates the benefits of
full ownership, with our owners flying the majority of the time in
their own aircraft with pilots that they know personally," said
Robert D. Taylor, chairman and chief executive officer, Executive
AirShare. "By transitioning exclusively to a 'per day' structure
and eliminating ‘peak days,' our shareowners will enjoy
maximum flexibility without the cumbersome rules experienced by
national fractional customers."
"We are striving to make our fractional program more simple at a
time when the national fractionals are making their programs more
complex," said Keith D. Plumb, president and chief operating
officer. Plumb adds Executive AirShare will not implement a
card-based program to sell flight-hours, as the company believes
such a strategy dilutes service quality at the expense of full
shareowners.
Unlike national ownership plans that fly multiple clients to
different locations on the same day on the same aircraft, Executive
AirShare's fractional owners are provided with use of the aircraft
for an entire day. By assigning an aircraft to only one owner per
day, the company is able to adapt to changes in owners' schedules,
offering complete flexibility and convenience.
Each participant pays for an initial share in the aircraft,
monthly management costs, and low-cost hourly operating rates. In
return, owners are given a set number of days which they may use
the aircraft annually, and Executive AirShare takes care of all the
details including hangar rental, insurance, pilots' salaries and
training, fuel, engine and airframe maintenance, and cleaning and
stocking of the aircraft.
Executive AirShare currently holds orders for 44 Embraer Phenom
100 and six Phenom 300 jet aircraft, with deliveries beginning in
Spring 2009. Executive AirShare is the only established fractional
aircraft ownership company to offer shares in both the Phenom 100
and Phenom 300.
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