Stratos Aircraft Announces Assurance Deposit Program For 714 VLPJ | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.06.24

Airborne-NextGen-04.30.24

Airborne-Unlimited-05.01.24 Airborne-AffordableFlyers--05.02.24

Airborne-Unlimited-05.03.24

Wed, Jul 22, 2009

Stratos Aircraft Announces Assurance Deposit Program For 714 VLPJ

Fully-Refundable Deposits Held in Escrow

Is this a ground-floor opportunity, or a reach for the clouds ... or maybe both? Stratos Aircraft is now accepting deposits for the Stratos 714 Very Light Personal Jet. In conjunction with the announcement, Stratos is also launching the Assurance Deposit Program as an incentive to attract early buyers who want to reserve their purchase position. This creative new program assures buyers that their deposits will be held in escrow, and can be refunded at any time.

True to form, Stratos has developed an innovative solution to a common challenge - how to manage customers' deposits in a manner that assures the consumers' best interest as its only priority. Consequently, Stratos Aircraft established this program to avoid the missteps of some aircraft manufacturers, that have-in some cases-caused customers to lose their deposits. The Assurance Deposit Program is designed to hold deposit funds in interest-bearing escrow accounts at Wells Fargo Bank where the funds remain secure until applied to a progress payment that is made after a formal aircraft purchase agreement has been signed.

"Placing a deposit on a long lead time item like an aircraft shouldn't cause the consumer discomfort in parting with their hard-earned dollars," stated Kevin Jordan, Chief Sales Officer at Stratos Aircraft. "When you order a new Stratos 714, you don't 'part' with your money, you simply move it to an interest-bearing account for future use. It's liquid and it's refundable," concluded Jordan.

Early buyers of the Stratos 714 will enjoy the benefits of the Assurance Deposit Program that are unmatched in the industry. Depositors receive a copy of the Wells Fargo-Stratos Aircraft escrow agreement, and further assurance that deposited funds will only be invested in United States government or government-guaranteed securities. And because people's lives, needs, missions and desires change, Stratos pledges that Assurance Deposit funds are fully refundable at any time until applied to a progress payment - no questions asked.

FMI: www.StratosAircraft.com

Advertisement

More News

ANN's Daily Aero-Term (05.09.24): Hold Procedure

Hold Procedure A predetermined maneuver which keeps aircraft within a specified airspace while awaiting further clearance from air traffic control. Also used during ground operatio>[...]

ANN's Daily Aero-Term (05.06.24): Altitude Readout

Altitude Readout An aircraft’s altitude, transmitted via the Mode C transponder feature, that is visually displayed in 100-foot increments on a radar scope having readout cap>[...]

ANN's Daily Aero-Linx (05.06.24)

Aero Linx: European Hang Gliding and Paragliding Union (EHPU) The general aim of the EHPU is to promote and protect hang gliding and paragliding in Europe. In order to achieve this>[...]

Airborne-NextGen 05.07.24: AI-Piloted F-16, AgEagle, 1st 2 WorldView Sats

Also: Skydio Chief, Uncle Sam Sues, Dash 7 magniX, OR UAS Accelerator US Secretary of the Air Force Frank Kendall was given a turn around the patch in the 'X-62A Variable In-flight>[...]

Aero-News: Quote of the Day (05.07.24)

"The need for innovation at speed and scale is greater than ever. The X-62A VISTA is a crucial platform in our efforts to develop, test and integrate AI, as well as to establish AI>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC