Executive AirShare Agrees to Positions on 18 Phenom 100 Aircraft From Avantair

KANSAS CITY, Mo. , July 1 /PRNewswire/ -- Robert D. Taylor , chairman and chief executive officer of Executive AirShare, today announced that the regional fractional aircraft ownership company is combining its positions with 18 Embraer Phenom 100 aircraft from Clearwater, Fla. -based Avantair (OTC Bulletin Board: AAIR, AAIRU, AAIRW), a national company offering fractional shares in the Piaggio Avanti P.180 aircraft.

Executive AirShare now holds firm orders for 28 Embraer Phenom 100 aircraft, with deliveries scheduled to begin in Summer 2009, with options on 12 additional Phenom 100 aircraft. The company also holds four firm orders and four options for Phenom 300 light jet aircraft, making Executive AirShare the only established fractional aircraft ownership company to offer Phenom 100 and Phenom 300 aircraft.

"This agreement offers both Executive AirShare and Avantair the opportunity to enhance our fractional ownership programs," said Taylor. "While Avantair focuses on growing their national program, Executive AirShare gains access to more Phenom 100 aircraft, enabling us to expand our regional fractional program into new markets well into the future."

Executive AirShare currently operates a fleet of 15 aircraft in five cities in the Central United States , with the aircraft based in the same cities as their owners. Unlike national ownership plans that fly multiple clients to different locations on the same day on the same aircraft, by scheduling an aircraft to only one owner per day, Executive AirShare is able to adapt to changes in owners' intraday schedules, offering complete flexibility and convenience, and most closely replicating the benefits of full ownership.

"The major advantages of our regional fractional ownership model are that owners fly in their aircraft the majority of the time and they know the pilots that fly their airplane," said Executive AirShare President and Chief Operating Officer Keith D. Plumb . "We have become the flight department for each of our clients, and offer service and safety standards that are comparable to those of any Fortune 500 company."

The Phenom 100 jet will comfortably accommodate four passengers in the club seat configuration. Its large baggage capacity of 55 cubic feet (1.56 cubic meters) provides an abundant amount of space for passengers' luggage. The Phenom 100 is powered by two Pratt & Whitney Canada PW617F engines with 1,615 pounds of thrust each. Its range with four occupants onboard will be 1,160 nautical miles (2,148 km or 1,335 miles) with NBAA IFR reserves. The Phenom 100 is capable of flying at 41,000 feet (12,497 m) with a maximum operating speed of Mach 0.70.

The Phenom 100 also features Garmin's all-glass, fully-integrated avionics suite, which includes three interchangeable 12-inch displays -- two Primary Flight Displays (PFD) and one Multi-Function Display (MFD). The system integrates all primary flight, navigation, communication, terrain, traffic, weather, engine instrumentation, and crew-alerting system data and presents the composite information in brilliant, sunlight-readable color on three high-definition displays.

"We are very excited to add more Phenom 100 aircraft to our program," adds Plumb. "Its range, speed, comfort and luggage-carrying capabilities will appeal to our owners and enable us to attract many more customers by offering the most capable very light jet fleet in the industry."

Founded in 2001, Executive AirShare operates a fleet of late-model jet and turboprop aircraft serving owners throughout the Central United States . As one of the nation's largest regional fractional aircraft ownership companies, Executive AirShare offers businesses and individuals the benefits of corporate aircraft without the expense and hassle of managing their own flight operations. Executive AirShare is based in Kansas City, Mo. , and also operates out of Wichita, Kan. , Tulsa, Okla. , Dallas and Fort Worth, Texas . The company currently operates a fleet of 15 aircraft -- four Beechjet 400As, five King Air 350s, five King Air C90Bs and a Beech Baron. For more information about the company and its services, please visit: http://www.execairshare.com.

SOURCE Executive AirShare