““The charter industry needs to become much more efficient…We need to take a page from the airlines’ code-sharing agreements…Part 135 charter [operators] could review each other’s schedules, use each other’s airplanes.” ”
Executive AirShare Announces Phenom 100 Fractional Pricing
Executive AirShare-the only fractional aircraft ownership provider in North America to offer Embraer's Phenom 100 and 300 very light jets-has announced its fractional pricing structure for the Phenom 100. Embraer began deliveries on December 31 and the first of the five-passenger twinjets is expected to go into service with Executive AirShare in March of this year. The cost of fractional ownership will range from $299,500 for a 1/16th share to $1.18 million for a quarter share. Quarter-share owners are entitled to use of the aircraft for 80 days and 200 flight hours per year. Holders of a 1/16th share will be entitled to 20 days and 50 flight hours annually. Executive AirShare has placed firm orders for 44 Phenom 100s, with options on 12 more.