Fraction Ownership Groups In US, Ireland Sign For VLJ
Embraer announced at EBACE 2007 this week it has signed two
orders, for a combined 11 of its upcoming Phenom 100
very-light-jets.
The Brazilian planemaker signed a purchase agreement for seven
Phenom 100s, and options on seven more, with US fractional aircraft
ownership company Executive AirShare, of Kansas City, MO. The total
value of the agreement, at list price, is US$ 19.95 million, based
on January 2005 economic conditions, and can double if all options
are exercised.
"Embraer is very pleased with Executive AirShare's choice of the
Phenom 100 and is happy to offer the right-sized solution for the
company's business, as it expands its fleet," said Luís
Carlos Affonso, Embraer Executive Vice President, Executive Jets.
"The Phenom 100's stylish design offers the comfort that passengers
expect and will serve Executive AirShare and its owners very
nicely. We look forward to a mutually successful relationship."
Delivery of the first jet is scheduled for mid-2010.
"The Phenom 100 is the largest and most capable of all of the
VLJ offerings and we look forward to adding this aircraft to our
fleet," said Robert D. Taylor, CEO of Executive AirShare. "Our
owners will appreciate the speed, range, cabin layout, comfort, and
luggage-carrying capabilities of the Phenom 100."
Founded in 2001, Executive AirShare currently operates a fleet
of 12 aircraft. The company is based at Charles B. Wheeler Downtown
Airport, in Kansas City, MO. and provides services throughout the
central United States.
Embraer and Premier Aviation also signed a contract for four
Phenom 100 jets at EBACE 2007. Deliveries will begin in 2009. The
value of the contract is US$ 11.4 million, based on January 2005
economic conditions.
"We see this new contract with Premier Aviation as yet another
confirmation that the cabin size will be a key differential for
both Very Light and Light Jet markets," said Luis Carlos Affonso,
Embraer Executive Vice President, Executive Jets. "We are excited
about the good reception of the Phenom family in Europe and we wish
Premier Aviation great success with the Phenom 100."
Premier Aviation's Phenom 100 will be configured with four seats
and a fully-enclosed lavatory. The aircraft will be available for
both fractional ownership and conventional charter operations.
"We considered several very light jets before making the
decision to opt for the Phenom 100," said Alan Nee, Premier
Aviation's Managing Director. "We placed the emphasis on cabin
comfort and customer support and reached the conclusion that the
Embraer product was the best in its class in both criteria."
Premier Aviation is located in Leixlip, County Kildare, Ireland,
and was created in 1995. The company is specialized in management
and sales of both helicopters and jets. Premier Aviation also
offers lease-back service to private owners. Premier Aviation's
current fleet consists of a mix of helicopters and jets.
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