“Time is our most precious commodity, and there are conveniences that wealth brings to essentially get you more time. —retired Microsoft CEO Steve Ballmer, explaining why he commutes via private jet from his Seattle home to watch games of the Los Angeles Clippers, the basketball team he bought last year for $2 billion. ”
Executive AirShare Announces Phenom 100 Fractional Pricing
Executive AirShare-the only fractional aircraft ownership provider in North America to offer Embraer's Phenom 100 and 300 very light jets-has announced its fractional pricing structure for the Phenom 100. Embraer began deliveries on December 31 and the first of the five-passenger twinjets is expected to go into service with Executive AirShare in March of this year. The cost of fractional ownership will range from $299,500 for a 1/16th share to $1.18 million for a quarter share. Quarter-share owners are entitled to use of the aircraft for 80 days and 200 flight hours per year. Holders of a 1/16th share will be entitled to 20 days and 50 flight hours annually. Executive AirShare has placed firm orders for 44 Phenom 100s, with options on 12 more.