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June 22, 2009updated Feb 11, 2013

Flight Options Introduces Phenom Program

By Pardhasaradhi Gonuguntla

Phenom 300Flight Options unveiled more details today about their revolutionary Phenom 300 Fractional Jet Ownership program, which will bring new vigor to corporations caught in the aftermath of bailouts and belt-tightening.

As one of the few aviation companies in the nation to introduce a new program during the challenging economic conditions of the past few months, Flight Options is clearly renewing its commitment to Corporate America with an option that will please executives as well as stockholders. Corporations have been under constant pressure recently to look for additional ways to reduce costs without sacrificing profits or productivity.

“There is nothing in the air today that will even come close to being as economical to buy, fly or maintain as the Phenom 300. Our timing could not be better,” says Jay Heublein, Vice President of Sales and Marketing for Flight Options. “Flying at a similar cost per mile to a twin engine turboprop, but featuring the performance benefits of a super-light jet, the Phenom 300 renders all other competitive aircraft obsolete. With its
economic efficiency, we have structured the fractional program to offer the lowest hourly rate in its class – nearly 30% less than comparable competitive aircraft.”

Built by Embraer, the much-anticipated Phenom 300 will outperform every other jet in its category in range, fuel efficiency and comfort. Additionally, the Phenom 300 produces an average of 25% less carbon dioxide than older aircraft and surpasses current environmental standards, a significant step towards lowering their impact on global warming and improving air quality.

In 2007, Flight Options placed a near $1 billion dollar order for one hundred Phenom 300s to be delivered over the next ten years, with options to purchase an additional fifty aircraft. The first two aircraft are scheduled to be delivered during the fourth quarter of this year.

As the first to offer the Phenom 300 in a fractional ownership program, Flight Options has recently begun to accept deposits for delivery positions. Demand has been high due to the fact that a new order of the Phenom 300 will not see delivery until the year 2012.

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