Flight Options Jet Membership Club Signs 100th Member
Popular Program to Add Nextant 400XT to Private Jet Travel Offering
CLEVELAND, OH — April 16, 2013 — Flight Options, LLC, operating the world’s second-largest private aviation fleet, reported today that it has reached an impressive 100-member milestone in its Jet Membership Club program within 12 short months of its launch. Flight Options also announced that the program will now provide access to the Nextant 400XT business jet in addition to the Embraer Phenom 300®.
“The Jet Membership Club’s rapid growth in a very short period of time, and our clients’ positive reception to the program’s flexibility and value, has prompted us to expand the offering beyond the Phenom 300 to another equally revolutionary aircraft, the Nextant 400XT,” said Flight Options® Chief Executive Officer Michael J. Silvestro. “We set our sights on becoming the world’s largest Phenom 300 operator, which is exactly what we are today. Like the Phenom 300, the 400XT offers our members one of the industry’s most capable and efficient aircraft, resulting in an unrivaled value proposition. In a very short period, the 400XT has become an important differentiator for us.”
Combining the advantages of fractional ownership with the flexibility of a jet card, the Jet Membership Club program gives members access to new-technology aircraft, including the Phenom 300 and the Nextant 400XT, without asset purchase or monthly management fees. Both aircraft offer mission capabilities and amenities previously only found in mid-size aircraft at a light-cabin price point.
“The Jet Membership Club is the perfect solution for our needs,” said Jerry and Kathy Mohr, who are among the program’s first 100 members. “The program is the only one that offers us access to the Phenom 300, an aircraft that meets our short and longer-range flights, for a three-year period, without having to own one outright or purchase an actual ownership share in the plane. The Jet Membership Club not only makes sense financially but also provides us with flexibility, predictability and simplicity. It’s the perfect mix of programs for our needs.”
Kenneth C. Ricci, Principal of Directional Aviation Capital and Chairman of Flight Options, said, “We are committed to providing our clients with smart, cost-effective ways to access the latest advances in private aviation travel. By expanding the Jet Membership Club to include the Nextant 400XT, we are continuing to offer affordable access to the industry’s most advanced technology. Last year, for the second year in a row, Flight Options accepted delivery of more new aircraft than any other private aviation company, and that commitment to our customers, through investments in innovative aircraft and technologies, is among the things that differentiate us from our competitors.”
The Jet Membership Club’s success contributed to Flight Options’ banner year in 2012, which saw overall sales increase over 30% enterprise-wide.
About Flight Options
Headquartered in Cleveland, Ohio, Flight Options, LLC, is the second-largest private aviation company in the world serving more than 1,300 owners and clients with a full suite of offerings, including fractional ownership, membership and the 25-hour jet card program. The company’s fleet of more than 100 aircraft is maintained through five FAA Diamond Award-winning maintenance facilities, and consists of the Hawker 400XP, Nextant 400XT, Embraer Phenom 300®, Hawker 800XP, Citation X and Embraer Legacy 600®. With as little as 10 hours’ notice, Flight Options flies owners to North America, the Caribbean and Europe. Exceeding the highest standards in aviation safety, Flight Options holds the prestigious honor of being the first fractional jet operator to receive the ARG/US® Platinum Safety Rating, and the only provider to have received the rating for 12 consecutive years.
About Directional Aviation Capital
Directional Aviation Capital is a private investment firm whose singular focus is private business aviation. Combining strategic aviation ownership, unmatched experience and revolutionary vision, Directional continues to innovate and evolve private aviation. Directional’s unique industry experience enables them to quickly understand business aviation companies and provide the financing and operational strategy needed to take advantage of market opportunities. For more information, visit www.directionalaviation.com.
Media Contacts:
| Lauren Florian Flight Options 216.797.8131 lflorian@flightoptions.com |
Nicholas Parmelee The Hubbell Group, Inc. 781.878.8882 nparmelee@hubbellgroup.com |
