The addition of the Challenger 350s will double Airshare’s fractional fleet as it eyes expansion into the Northeastern U.S.
Phenom light jet operator Airshare moves into the super-midsize aircraft category, announcing a firm order for three Bombardier Challenger 350s. It adds options for 17 more, meaning it will add as many as 20 new aircraft. Based on Conklin & De Decker’s estimated price of $27 million per unit, the deal is worth $540 million. Airshare currently operates a fleet of 20 Phenom 300s and 100s for its fractional share and jet card program. Additionally, it manages 26 aircraft for owners.
Lenexa, Kansas-based Airshare, has a message for Wheels Up. It’s not democratizing private jet travel. It’s not a platform, and it’s not busy going public. Its message to prospects, however, is clear. It is focused on business travelers, particularly those who are making multiple stops on same-day and overnight trips.
Executive AirShare offers fractional ownership and jet cards sold in a combination of days and hours
Executive AirShare says it has become the nation’s first fractional provider to add the Embraer Phenom 300E light jet to its fleet. The addition of this new aircraft also means that Executive AirShare has been the first commercial operator for all the Embraer Phenom aircraft. The company sells fractional shares and jet cards to customers in the Kansas City metropolitan area; Wichita, Kan.; Tulsa and Oklahoma City, Okla.; Fort Worth, Dallas, Houston, Austin and San Antonio, Texas; Denver, Colo., and Buffalo, N.Y. Its subsidiary, Executive Flight Services, offers aircraft management and charter services from bases in Fort Worth, Dallas, Wichita, Kansas City, Denver and Buffalo. Its jet card program uses a formula combining days and hours and starts with 10 days per year.