With certification of Embraer’s Phenom 300 expected before year-end, Flight Options released more details about its fractional ownership program for the aircraft in June. According to CEO Mike Silvestro, the Cleveland-based fractional, which placed a nearly $1 billion order in 2007 for 100 of the seven-passenger, small-cabin light jet, has already sold out shares in the two aircraft it expects to receive this year, despite or perhaps even due to the dire economy.
“There’s no doubt that the last seven, eight, nine months have been a challenging time for the world and for general aviation, but I think our timing is very good,” Silvestro told AIN. “To ask customers to buy fractional shares today, the offering needs to be as rock solid as possible. We feel this airplane will redefine the super-light category [so much so] that I think it’s a great time to be out there fractionally.” The Phenom 300’s cabin volume of 325 cu ft puts it at the top of the small-cabin, light jet class.
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