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SOURCE Executive AirShare
Entry Level Program Offers Affordable and Flexible Access To Phenom 100, Citation CJ2+ and Phenom 300 Aircraft
KANSAS CITY, Mo., Oct. 21, 2013 /PRNewswire/ -- Regional fractional Executive AirShare today unveiled its Launch 100-200-300 programs for business aircraft users seeking cost-effective alternatives to full ownership without compromising on service quality or schedule flexibility.
Derived from Executive AirShare's highly successful Launch and Launch Premium programs announced at last year's National Business Aviation Association Annual Conference & Exhibition (NBAA), the enhanced Launch 100-200-300 programs offer access to Executive AirShare's Phenom 100, Citation CJ2+ and Phenom 300 light jet aircraft, respectively, for a period of up to 24 months for a one-time upfront payment, which includes the lease payment and management fees. Unlike charter card programs offered by other providers, Executive AirShare is not required to collect certain commercial taxes from Launch customers.
Launch 100 customers purchase access to Phenom 100 aircraft, flown by Executive AirShare pilots, for up to 25 days with unlimited flight hours during the term of the lease for an upfront payment of $102,500. The Launch 200 program offers 25 days' use of the Cessna Citation CJ2+ for an upfront payment of $130,000, and Launch 300 customers purchase up to 20 days with unlimited-hours use of a Phenom 300 for $146,750. Customers pay occupied hourly rates ranging from $1,540 for the Phenom 100, to $1,925 for the Citation CJ2+ and $2,305 for the Phenom 300, by far the lowest in the industry. Executive AirShare does not charge a fuel surcharge in any of their programs.
Launch customers also enjoy the opportunity to interchange time in their airframes with larger or smaller aircraft, including Executive AirShare's Super King Air 350 turboprops, based on need. For example, a Launch 200 member (Citation CJ2+) can fly in a Phenom 100 or King Air 350, but only use .8 CJ2+ days.
Because Launch is a lease of a fractional interest, the Launch 100-200-300 programs do not encroach on aircraft availability for fractional shareowners. Executive AirShare continues to retain a "core" share in each of the aircraft in its fractional fleet.
"Launch has been the single most successful program in our company's 13-year history, and introduces new shareowners and members to our range of business aircraft ownership options. Our newly branded Launch programs, coupled with our continued success in fractional sales, will keep us on track to achieve Executive AirShare's fourth consecutive year of double-digit growth," said Executive AirShare President and Chief Operating Officer Keith D. Plumb. "Our customers expect the highest level of service, but they also expect to get the most out of their investments. We have created a continuum of programs that deliver the best overall value with maximum flexibility in the business aviation industry."
Executive AirShare serves shareowners in Kansas City, Mo., Wichita, Kan., Tulsa and Oklahoma City, Fort Worth, Dallas, Houston, Austin, San Antonio and Buffalo, N.Y. Its subsidiary, Executive Flight Services, manages aircraft for owners from bases in Fort Worth, Dallas, Wichita, Kansas City and Buffalo.
Executive AirShare is the world's leading operator of Embraer Phenom aircraft and currently serves the Central U.S. and Great Lakes region, operating a fleet of Phenom 300, Phenom 100, Citation CJ2+, King Air 350 and C90B aircraft. Executive AirShare also offers aircraft management and charter services through its subsidiary, Executive Flight Services. For more information about Executive AirShare and its services, please visit www.execairshare.com.
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