Executive AirShare Agrees to Positions on 18 Phenom 100 Aircraft From Avantair
01 Luglio 2008 - 4:00PM
PR Newswire (US)
KANSAS CITY, Mo., July 1 /PRNewswire/ -- Robert D. Taylor, chairman
and chief executive officer of Executive AirShare, today announced
that the regional fractional aircraft ownership company is
combining its positions with 18 Embraer Phenom 100 aircraft from
Clearwater, Fla.-based Avantair (OTC:AAIROTC:AAIRUOTC:AAIRW)
(BULLETIN BOARD: AAIR, AAIRU, AAIRW) , a national company offering
fractional shares in the Piaggio Avanti P.180 aircraft. Executive
AirShare now holds firm orders for 28 Embraer Phenom 100 aircraft,
with deliveries scheduled to begin in Summer 2009, with options on
12 additional Phenom 100 aircraft. The company also holds four firm
orders and four options for Phenom 300 light jet aircraft, making
Executive AirShare the only established fractional aircraft
ownership company to offer Phenom 100 and Phenom 300 aircraft.
"This agreement offers both Executive AirShare and Avantair the
opportunity to enhance our fractional ownership programs," said
Taylor. "While Avantair focuses on growing their national program,
Executive AirShare gains access to more Phenom 100 aircraft,
enabling us to expand our regional fractional program into new
markets well into the future." Executive AirShare currently
operates a fleet of 15 aircraft in five cities in the Central
United States, with the aircraft based in the same cities as their
owners. Unlike national ownership plans that fly multiple clients
to different locations on the same day on the same aircraft, by
scheduling an aircraft to only one owner per day, Executive
AirShare is able to adapt to changes in owners' intraday schedules,
offering complete flexibility and convenience, and most closely
replicating the benefits of full ownership. "The major advantages
of our regional fractional ownership model are that owners fly in
their aircraft the majority of the time and they know the pilots
that fly their airplane," said Executive AirShare President and
Chief Operating Officer Keith D. Plumb. "We have become the flight
department for each of our clients, and offer service and safety
standards that are comparable to those of any Fortune 500 company."
The Phenom 100 jet will comfortably accommodate four passengers in
the club seat configuration. Its large baggage capacity of 55 cubic
feet (1.56 cubic meters) provides an abundant amount of space for
passengers' luggage. The Phenom 100 is powered by two Pratt &
Whitney Canada PW617F engines with 1,615 pounds of thrust each. Its
range with four occupants onboard will be 1,160 nautical miles
(2,148 km or 1,335 miles) with NBAA IFR reserves. The Phenom 100 is
capable of flying at 41,000 feet (12,497 m) with a maximum
operating speed of Mach 0.70. The Phenom 100 also 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). The system integrates
all primary flight, navigation, communication, terrain, traffic,
weather, engine instrumentation, and crew-alerting system data and
presents the composite information in brilliant, sunlight-readable
color on three high-definition displays. "We are very excited to
add more Phenom 100 aircraft to our program," adds Plumb. "Its
range, speed, comfort and luggage-carrying capabilities will appeal
to our owners and enable us to attract many more customers by
offering the most capable very light jet fleet in the industry."
Founded in 2001, Executive AirShare operates a fleet of late-model
jet and turboprop aircraft serving owners throughout the Central
United States. As one of the nation's largest regional fractional
aircraft ownership companies, Executive AirShare offers businesses
and individuals the benefits of corporate aircraft without the
expense and hassle of managing their own flight operations.
Executive AirShare is based in Kansas City, Mo., and also operates
out of Wichita, Kan., Tulsa, Okla., Dallas and Fort Worth, Texas.
The company currently operates a fleet of 15 aircraft -- four
Beechjet 400As, five King Air 350s, five King Air C90Bs and a Beech
Baron. For more information about the company and its services,
please visit: http://www.execairshare.com/. DATASOURCE: Executive
AirShare CONTACT: Jill Hindes of Executive AirShare,
+1-816-221-7200 or +1-816-419-9203, Web site:
http://www.execairshare.com/
Copyright