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Thu, Nov 01, 2007

OurPLANE Delivers First Eclipse 500 VLJ For Fractional Use

"Let The VLJ Revolution Begin!"

Light aircraft fractional ownership company OurPLANE recently delivered the first Eclipse 500 very light to operate under Part 91 fractional ownership.

OurPLANE delivered its first Eclipse 500, S/N 66, to SheltAir at Jacksonville, FL for a corporate customer -- launching the company's new nationwide fractional VLJ aircraft service.

The company says the Eclipse complements its current, piston offerings. OurPLANE started operations in 1998 with new Cirrus and Cessna aircraft.

"OurPLANE pioneered fractional light aircraft eight years ago and today, this historic day for OurPLANE, we again solidify our leadership with the launch of the OurPLANE fractional Eclipse 500 VLJ," said company president and CEO Graham Casson. "Let the VLJ revolution begin!"

OurPLANE has a fleet order of Eclipse 500s worth $40 million... and plans to add additional VLJs to give their customers additional freedom to choose the right aircraft for their needs.

"OurPLANE customers are pilots and non pilots, executives and businesses... everyone looking for their own, new aircraft at a fraction of the cost. Our business model is low cost with great customer service so that business travelers can avoid the hell of commercial travel," Casson added.

The company says the Eclipse is geared towards executives of small- to- medium-sized businesses, who may now own a fraction of their own private jet for as little as $759 per hour... less than the cost to charter an aircraft, or flying commercially (nevermind owning their own large corporate jet.)

"OurPLANE customers can own their own private Eclipse 500 share for as little as $521,000 with fixed costs of $3,999 for 150 hours of annual flying time," Casson added.

"We are excited to start delivering OurPLANE's fleet of Eclipse 500 very light jets," said Eclipse Aviation CEO Vern Raburn. "The fractional aircraft market provides a valuable opportunity for more people to experience and own an Eclipse 500."

OurPLANE offers a nationwide network of factory new aircraft at several locations. In addition to Jacksonville, the company also has operations in Los Angeles, San Francisco, Houston, Dallas, Salt Lake City, St. Paul, Orlando, White Plains, and Toronto.

FMI: www.ourplane.com

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