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Will Corporations Ever Feel Good About Flying Private Jets Again?

Dépèche transmise le 22 juin 2009 par Business Wire

Will Corporations Ever Feel Good About Flying Private Jets Again?

CLEVELAND--(BUSINESS WIRE)--Flight Options unveiled more details today about their revolutionary Phenom 300 Fractional Jet Ownership program, which will bring new vigor to corporations caught in the aftermath of bailouts and belt-tightening.

As one of the few aviation companies in the nation to introduce a new program during the challenging economic conditions of the past few months, Flight Options is clearly renewing its commitment to Corporate America with an option that will please executives as well as stockholders. Corporations have been under constant pressure recently to look for additional ways to reduce costs without sacrificing profits or productivity.

"There is nothing in the air today that will even come close to being as economical to buy, fly or maintain as the Phenom 300. Our timing could not be better," says Jay Heublein, Vice President of Sales and Marketing for Flight Options. "Flying at a similar cost per mile to a twin engine turboprop, but featuring the performance benefits of a super-light jet, the Phenom 300 renders all other competitive aircraft obsolete. With its economic efficiency, we have structured the fractional program to offer the lowest hourly rate in its class – nearly 30% less than comparable competitive aircraft.”

Built by Embraer, the much-anticipated Phenom 300 will outperform every other jet in its category in range, fuel efficiency and comfort. Additionally, the Phenom 300 produces an average of 25% less carbon dioxide than older aircraft and surpasses current environmental standards, a significant step towards lowering their impact on global warming and improving air quality.

In 2007, Flight Options placed a near $1 billion order for one hundred Phenom 300s to be delivered over the next ten years, with options to purchase an additional fifty aircraft. The first two aircraft are scheduled to be delivered during the fourth quarter of this year.

As the first to offer the Phenom 300 in a fractional ownership program, Flight Options has recently begun to accept deposits for delivery positions. Demand has been high due to the fact that a new order of the Phenom 300 will not see delivery until the year 2012.

About Flight Options

Flight Options has earned a reputation as a leader and innovator within the private aviation industry. The Cleveland, Ohio-based company marked its 10th Anniversary in 2008 and offers the complete spectrum of programs from fractional ownership to leasing, aircraft management, and JetPASS Membership. The company is an industry leader in private aviation safety, having been selected by the FAA to partner and participate in the development and implementation of a formal Safety Management System (SMS) soon to be required for all air service providers. Flight Options provides personalized service to over 1,400 Owners and Members, with a fleet of more than 110 aircraft consisting of the Hawker 400XP, Hawker 800XP, Citation X, and Embraer Legacy 600. More information is available at www.flightoptions.comor by calling 877.703.2348