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New Financing Solution for Fractional Jet Shares: Today’s Pricing for Tomorrow’s Economy

Dépèche transmise le 21 septembre 2009 par Business Wire

New Financing Solution for Fractional Jet Shares: Today’s Pricing for Tomorrow’s Economy

New Financing Solution for Fractional Jet Shares: Today’s Pricing for Tomorrow’s Economy

CLEVELAND--(BUSINESS WIRE)--As a constant source of innovative and enduring value for over 10 years, Flight Options has once again demonstrated leadership in the business aviation industry by unveiling an unprecedented lease program.

Under one simple program, monthly lease payments are offered on each of Flight Options’ pre-owned aircraft beginning at the low rate of $985 for a Hawker 400XP! Residual value concerns are eliminated and credit availability issues are solved. Financing for the lease is managed internally eliminating the need for third party interaction and assuring complete confidentiality for the consumer.

“Companies in today’s environment still carry the burdens of yesterday’s workload with the added challenges of cash and cost control,” said Flight Options CEO Mike Silvestro. “Yet leaders of successful companies know that face-to-face contact is a critical ingredient to that success and the responsible use of both commercial and business aircraft is the key to that contact.”

“Our newest program takes advantage of the historically low aircraft values and converts them into a one-year lease with the ability to extend up to five years,” Silvestro stated. “Owning and leasing each have their place…leasing will be an integral component of the fractional industry going forward.”

Flight Options’ lease program is targeted at those businesses which are having to do more with fewer people covering the same geographical area. Buyers benefit from a short-term commitment with long-term value. Through this program, cash flow is minimized and, by not being capitalized, balance sheets remain strong. The end result locks in today’s pricing for tomorrow’s economy.

As the economy begins its long road to recovery, successful companies will migrate to strategies that help to insure they outperform their competition. Flight Options is committed to its role in the economic recovery.

About Flight Options

Flight Options has earned a reputation as a leader and innovator within the private jet industry. Marking its 10th Anniversary in 2008, Flight Options offers the complete spectrum of programs from fractional ownership to leasing, aircraft management, and JetPASS Select 25-hour card membership. The company is an industry leader in private aviation safety and provides personalized service to over 1,400 Owners and Members. Flight Options owns and operates a fleet of more than 110 aircraft consisting of the Hawker 400XP, Hawker 800XP, Citation X, and Embraer Legacy 600 with the revolutionary new Phenom 300 arriving in late 2009. More information is available at www.flightoptions.com or by calling 877.703.2348.

Business Wire

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