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Thu, Mar 12, 2009

Executive AirShare Tweaks Fractional Aircraft Ownership Program

Company Eliminates Flight-Hour Limits, "Peak Days" Designation

Recognizing that simplicity is a virtue in most any situation -- including aircraft ownership -- Executive AirShare announced this week it has instituted two enhancements to its regional fractional aircraft ownership program. The Kansas City, MO-based company aims to attract business owners and executives seeking the highest level of service and the greatest return on their business aviation investment.

Effective immediately, Executive AirShare has lifted shareowners' annual flight-hour limits to offer owners exclusive access to their aircraft on a "per day" basis. The company has also eliminated "peak days" for traditional high-demand occasions such as major holidays.

"The goal of our regional fractional program has always been to create an experience that most closely replicates the benefits of full ownership, with our owners flying the majority of the time in their own aircraft with pilots that they know personally," said Robert D. Taylor, chairman and chief executive officer, Executive AirShare. "By transitioning exclusively to a 'per day' structure and eliminating ‘peak days,' our shareowners will enjoy maximum flexibility without the cumbersome rules experienced by national fractional customers."

"We are striving to make our fractional program more simple at a time when the national fractionals are making their programs more complex," said Keith D. Plumb, president and chief operating officer. Plumb adds Executive AirShare will not implement a card-based program to sell flight-hours, as the company believes such a strategy dilutes service quality at the expense of full shareowners.

Unlike national ownership plans that fly multiple clients to different locations on the same day on the same aircraft, Executive AirShare's fractional owners are provided with use of the aircraft for an entire day. By assigning an aircraft to only one owner per day, the company is able to adapt to changes in owners' schedules, offering complete flexibility and convenience.

Each participant pays for an initial share in the aircraft, monthly management costs, and low-cost hourly operating rates. In return, owners are given a set number of days which they may use the aircraft annually, and Executive AirShare takes care of all the details including hangar rental, insurance, pilots' salaries and training, fuel, engine and airframe maintenance, and cleaning and stocking of the aircraft.

Executive AirShare currently holds orders for 44 Embraer Phenom 100 and six Phenom 300 jet aircraft, with deliveries beginning in Spring 2009. Executive AirShare is the only established fractional aircraft ownership company to offer shares in both the Phenom 100 and Phenom 300.

FMI: www.execairshare.com

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