July 12, 2014 3:06 AM ET

Airlines

Company Overview of Executive AirShare Corporation

Company Overview

Executive AirShare Corporation provides day based fractional jet and aircraft ownership services for companies and individuals for private flying. The company’s services range from equity charter cards to aircraft leasing to fractional aircraft ownership. It also provides aircraft management and charter services. The company operates a fleet of fleet of planes. It serves customers in the Central United States and Great Lakes region. Executive AirShare Corporation was founded in 2001 and is based in Kansas City, Missouri.

1001 NW Lou Holland Drive

Suite 100

Kansas City, MO 64116

United States

Founded in 2001

Phone:

816-221-7200

Fax:

816-221-7270

Key Executives for Executive AirShare Corporation

Founder and Chairman Emeritus
Age: 67
Chief Financial Officer and Vice President for Finance
Age: 41
Chief Operating Officer
Chief Pilot
Director of Marketing & Corporate Communications
Compensation as of Fiscal Year 2014.

Executive AirShare Corporation Key Developments

Executive AirShare Corporation Announces Executive Changes

Executive AirShare Corporation announced that Mitchel will take over the position CEO Keith Plumb vacated in January. Mitchel, who joined the company as vice president of operations in 2013, will be in charge of the company's flight, maintenance, scheduling and managed aircraft operations.

Executive AirShare Unveils Launch of 100-200-300 Programs for Business Aircraft Users

Executive AirShare unveiled its Launch 100-200-300 programs for business aircraft users seeking cost-effective alternatives to full ownership without compromising on service quality or schedule flexibility. Derived from its highly successful Launch and Launch Premium programs announced at last year's National Business Aviation Association Annual Conference & Exhibition (NBAA), the enhanced Launch 100-200-300 programs offer access to Executive AirShare's Phenom 100, Citation CJ2+ and Phenom 300 light jet aircraft, respectively, for a period of up to 24 months for a one-time upfront payment, which includes the lease payment and management fees. Unlike charter card programs offered by other providers, Executive AirShare is not required to collect certain commercial taxes from Launch customers. Launch 100 customers purchase access to Phenom 100 aircraft, flown by Executive AirShare pilots, for up to 25 days with unlimited flight hours during the term of the lease for an upfront payment of $102,500. The Launch 200 program offers 25 days' use of the Cessna Citation CJ2+ for an upfront payment of $130,000, and Launch 300 customers purchase up to 20 days with unlimited-hours use of a Phenom 300 for $146,750. Customers pay occupied hourly rates ranging from $1,540 for the Phenom 100, to $1,925 for the Citation CJ2+ and $2,305 for the Phenom 300, by far the lowest in the industry. Executive AirShare does not charge a fuel surcharge in any of their programs. Launch customers also enjoy the opportunity to interchange time in their airframes with larger or smaller aircraft, including Executive AirShare's Super King Air 350 turboprops, based on need. For example, a Launch 200 member (Citation CJ2+) can fly in a Phenom 100 or King Air 350, but only use .8 CJ2+ days. Because Launch is a lease of a fractional interest, the Launch 100-200-300 programs do not encroach on aircraft availability for fractional shareowners. Executive AirShare continues to retain a "core" share in each of the aircraft in its fractional fleet.

Executive AirShare Adds Three Cessna Citation CJ2+ Business Jets

Executive AirShare is adding three Cessna Citation CJ2+ business jets to its fleet of airplanes. The three planes, which seat six passengers and two pilots, were built in 2009 or earlier and have less than 800 hours of flight time each.

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