Encore Aviation Inc

Description

Private corporate jets are most often regarded as the ultimate symbols of success, power, and prestige. However, with today ’s necessity to manage minutes and the increased focus on personal safety, maximum productivity, customer service and more family time, private jets are fast becoming recognized as vitally important business and recreational tools. Previously, the prohibitive costs and unending details of purchasing, managing, and maintaining an aircraft and its crew outweighed the benefits for most companies and individuals. The expense and unreliability of charter has contributed to the need for an alternative solution. Enter the explosive popularity of fractional ownership programs. The number of corporations and individuals who owned a fractional share of an airplane has increased about 20% per year since it's inception in 1996. In most fractional ownership programs, a buyer can purchase as little as one-16th of an aircraft, which can range from a minimum of several hundred thousand dollars to several million. Owners are charged a monthly management fee, plus an hourly in-air fee, determined by the size of their share and the type of aircraft. Fractional share-owners enjoy 24/7 access to the aircraft on anywhere from 4 to 10 hours notice. Share size determines the number of hours an owner can fly. A one-16th share allows the owner usage of the aircraft 50 hours of occupied time per year. After five years, they can sell the share and possibly recoup some of their investment. In recent years, fractional providers have become the single largest source of business for aircraft manufacturers. The air charter segment has been on the upswing in recent years. However on charter flights, the client is charged for all movement of the aircraft from it's home base. There are positioning charges for pick up and for the empty flights to and from the destination. Even in today ’s go-slow economy, more and more people are opting for private aviation. Commercial air travel is plagued with delays and more complex security. Executives are finding increased value in the time savings and convenience offered by private air charter. High net-worth families are taking private jets to vacation sites for many of the same reasons. Despite the obvious advantages, many companies and individuals still don ’t avail themselves of the value, comfort and convenience of private jets. Fractional ownership programs are still hard to justify for occasional and light flyers. Now, Encore Aviation has combined the best attributes of fractional and charter to create a highly exclusive sector of private jet service. Encore Aviation Country Clubs are an even more sensible, economical and hassle free way for members to gain the tremendous business and personal advantages of having their own private jet on standby. Without the financial commitment required by fractional programs. Created in the spirit of a country club, this unique members-only club provides unlimited access to a collection of the finest private jet aircraft with benefits and costs that are not available to charter or fractional jet owners. Members often realize savings of as much as 50% of conventional charter.

Products & services

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