Flight Options Program Order Valued At Over $1.2 Billion

Fractional Jet program operator Flight Options has four deliveries of new Phenom 300 jets scheduled for December. The new aircraft will join three already in the US.

Flight Options Phenom 300s

"The Phenom 300 defines value," said Flight Options CEO Mike Silvestro. "It is a clean-sheet, light-jet design that combines a midsize-jet cabin, industry-leading passenger and cockpit technology with extremely low occupied hourly rates – 25 percent below our current price leader, the Hawker 400XP."

The Phenom 300s will are equipped with satellite communications, Wi-Fi/broadband, and in-flight entertainment. "Flight Options is the only fractional aircraft ownership company holding the ARG/US Platinum Rating for safety," said Flight Options Vice President-Sales & Marketing, Matt Doyle. "The state-of-the-art cockpit technology of the Phenom 300 highlights our continued commitment to safety. This technology, combined with category-leading speed, short-field capability and long range means the Phenom 300 instills confidence and provides mission flexibility unmatched by any light jet."

"As testament to the desirability of this amazing airplane, every Phenom 300 delivered to Flight Options has been pre-sold," added Doyle, "even those due in early 2011.  However, new Phenom 300 customers may begin flying with Flight Options immediately – regardless of when they take title to their share."

The Phenom 300 also qualifies for all bonus depreciation benefits for 2010 and those currently planned for 2011.

Flight Options placed its order for 100 Phenom 300 executive jets, plus 50 options, in 2007.  The total value of the order exceeds $1.2 billion, at current list price.  The company expects to receive aircraft deliveries over the next 10 years.

FMI: www.flightoptions.com