California firm selling shares in Eclipse 500

 - January 30, 2007, 7:08 AM

Westlake Village, Calif.-based Jet Alliance claims to be the first company to offer fractional shares in the Eclipse 500 very light jet. “The technology used to build this aircraft allows us to offer shares at an incredible value,” said v-p Craig Arnold. A one-sixteenth share costs $75,500, with $1,250 per month maintenance charge and $650 per occupied hour fee. Jet Alliance said it has already sold out the shares in its first two Eclipse 500s, scheduled for delivery late next year.