Executive AirShare Introduces Fractional Lease Programs
Executive AirShare introduced two new programs today–Launch and Launch Premium–for business jet users “seeking cost-effective alternatives to full ownership.” Both programs are based on a lease structure, according to the company.
Launch offers access to Executive AirShare’s Embraer Phenom 100 fleet for up to 24 months for a one-time upfront payment of $99,895, which includes the lease payment and management fees. Members have access to the light jets, which are flown by Executive AirShare pilots, for up to 25 days or 60 flight hours during the term of the lease, as well as interchange access to the fractional provider’s Beechcraft King Air C90B and 350.
Launch Premium members have access to the Phenom 100 fleet for up to 36 days with unlimited flight hours, as well as the ability to use the larger Phenom 300 for up to six days during their lease. The hourly rates for variable costs, such as fuel and maintenance, are billed after each trip is completed.