Prices Start At $299,500 For 1/16th Stake In Entry-Level
Jet
Executive AirShare, the only established fractional aircraft
ownership company in North America to offer Phenom 100 and 300
aircraft, announced Wednesday its fractional pricing structure for
the Phenom 100 entry-level jet that the company will enter into
service beginning in the second quarter of 2009.
Shares in the Phenom 100 range from $299,500 for a 1/16th share
to $1.18 million for a quarter share. Customers who place
non-refundable deposits before December 31, 2008 may be eligible
for 50 percent bonus depreciation under the terms of the Economic
Stimulus Act of 2008.
Quarter-share owners are entitled to use of the aircraft for a
total of 80 days and 200 flight-hours per year. One-sixteenth
owners are entitled to use of the aircraft for 20 days and 50
flight-hours per year.
Executive AirShare holds firm orders for 44 Embraer Phenom 100
aircraft, with deliveries scheduled to begin in March 2009, with
options on 12 additional Phenom 100 aircraft. The company also
holds six firm orders and four options for Phenom 300 light jet
aircraft.
"The Phenom 100 aircraft offers a taller, wider cabin and faster
cruising speeds than the King Air C90Bs that we are currently
flying, and has similar range and operating costs," said Executive
AirShare President & CEO Keith D. Plumb. "When considering trip
costs, cabin comfort, and the reliability and maintainability
offered by the Embraer Phenom 100, we are proud to offer a service
and an aircraft that is not available through any other existing
fractional program."
"We are excited about being one of the first fleet operators of
the Embraer Phenom aircraft," added Executive AirShare Chairman and
COO Robert D. Taylor. "We are confident in Embraer’s ability,
as demonstrated in the regional airline market, to deliver an
aircraft that is unsurpassed in safety, comfort, and dispatch
reliability. The Executive AirShare Phenom shareowner will be the
beneficiary of the knowledge base and expertise gained by Embraer
in the process of building and delivering over 1,000 commercial
jets to airlines operating in all parts of the world. We look
forward to a long-lasting partnership with Embraer in the executive
jet arena."
Executive AirShare has received approval to fly the Phenom 100
under single-pilot operations for fractional flights if the
shareowner chooses, enabling owners to place an extra passenger in
the co-pilot’s seat and reducing overnight crew expenditures
by 50 percent.
The Phenom 100 has a range with four occupants of 1,160 nautical
miles with NBAA IFR reserves, and is capable of flying at 41,000
feet with a maximum operating speed of Mach 0.70. It features
Garmin's all-glass, fully-integrated avionics suite, which includes
three interchangeable 12-inch displays-two Primary Flight Displays
(PFD) and one Multi-Function Display (MFD).
Certification for the Phenom 100 is believed to be imminent.
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