Executive AirShare Purchases Phenom 100 VLJs

Executive AirShare ordered seven Embraer Phenom 100 very light jet aircraft for delivery during the summer 2010, company officials said.
The Kansas City, Mo.-based fractional aircraft ownership company also holds options for seven more of the very light jet, or VLJ, aircraft to keep pace with the demands of its growing customer base. Executive serves clients in Tulsa, Kansas, Missouri and Texas.
The VLJ is scheduled for FAA certification in 2008.
According to a company release. the s investment in new aircraft will help Executive AirShare keep pace with the demand for the company’s concept of fractional aircraft ownership. Under “fractional” ownership, owners have access to an aircraft for a number of days per year — rather than strictly a fixed number of flight-hours per year.
Executive AirShare owners purchase a fractional interest in a specific aircraft, and sign a five-year operating agreement that covers monthly fixed costs and hourly operating expenses. In return, owners are entitled to a number of flight hours and days each year to use as they wish, 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 airplane.
The Phenom 100 jet accommodates four passengers in the club seat configuration and is powered by two Pratt & Whitney Canada PW617F engines with 1,615 pounds of thrust each. Its range with four occupants will be 1,160 nautical miles with NBAA IFR reserves. The Phenom 100 is capable of flying at 41,000 feet with a maximum operating speed of Mach 0.70.
Founded in 2001, Executive AirShare operates a fleet of 12 aircraft- two Beechjet 400As, four Super King Air 350s, five King Air C90Bs and one Beechcraft Baron. The company is based at Charles B. Wheeler Downtown Airport in Kansas City, Mo., and operates from Jones/Riverside Airport in Tulsa, Mid-Continent Airport in Wichita, and Fort Worth Meacham Airport in Fort Worth.

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