There’s nothing like that new plane smell.
On Tuesday, Executive AirShare showed of the newest Embraer Phenom 300 that has joined its fleet. The fractional jet ownership company said it now has over 240 customers and 50 aircraft in its fleet.
The Kansas City-based company recently expanded its Fort Worth operations and moved into a new hangar and office space at Fort Worth Meacham Airport.
The Phenom 300 can carry up to eight passengers and travel up to 2,000 miles. Customers can own 1/16th of the Phenom 300 for $624,500, which allows them to use the plane for up to 20 days a year. A quarter ownership of the aircraft costs $2.4 million and allows the owner to use the plane up to 80 days a year.
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“It’s a great plane for us,” said J. Michael McMillan, senior vice president of Executive AirShare. “This airplane can easily get a full load of people from Fort Worth to all points in the contiguous U.S.”
The company also displayed a King Air 350i that can set up to nine passengers in its hangar at Meacham. About half of its 200 employees in North Texas work out of the Fort Worth base, McMillian said.