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Re: dr_praeses post# 11

Sunday, 06/24/2007 12:51:56 PM

Sunday, June 24, 2007 12:51:56 PM

Post# of 485
CLEVELAND --(BUSINESS WIRE)--
With the Air Transport Association forecasting a record number of travelers taking to the skies this summer (209 million between June and August), airport check-in and security lines promise to be longer and more frustrating than ever. Against this backdrop, private jet travel, long viewed as an option only for executives at the nation's largest corporations, is gaining followers among business and leisure travelers who can experience the service through redesigned jet "card" programs. These programs offer a more accessible alternative to fractional ownership. Flight Options, for instance, the nation's second largest private jet company, has seen enrollment surge in its JetPASS Ultimate Travel membership program, with recently compiled May enrollment figures more than doubling versus the same period in 2006.
While the card programs are not a realistic option for those who exclusively book economy-class commercial flights (JetPASS members make an initial purchase of $100,000 worth of private jet flight time), the flexibility and tiered pricing of JetPASS can compare surprisingly favorably for frequent business- and first-class travelers. For instance, a trip on a seven-seat light jet from Teterboro to Nantucket could cost as little as $4,246 in the program, or only $708 per seat (even when only six seats are used) - ideal for a family or group of business associates.
The redesigned JetPASS Ultimate Travel Membership program from Flight Options recently celebrated its first anniversary and is the only private jet card with peak / off-peak tiered pricing, one-way and round-trip options, all with access to the consistency and levels of service associated with a fractional operator. The initial $100,000 deposit (renewed at $50,000 ) gives members immediate access to the entire Flight Options' fractional fleet, allowing them to specify the aircraft that best suits their needs for a particular flight. Any unused balance is fully refunded so that members ultimately only pay for occupied hours. The program discounts round-trip travel, and recently introduced tiered pricing that benefits members willing to fly on a Thursday or Saturday - an especially appealing option for leisure travelers.
Flight Options' fractional fleet includes the most popular and top-performing personal jets on the market. They range from light-cabin jets ideal for transporting two to a Caribbean island retreat to large-cabin aircraft that will fly the entire family to Cabo San Lucas or another a dream vacation destination.
About Flight Options
Flight Options LLC is a Raytheon Company (NYSE:RTN). The Cleveland, Ohio -based private jet company has earned a reputation as a leader and innovator within the private aviation industry. Flight Options, which will mark its 10th Anniversary in 2008, pioneered cost-transparency in fractional jet ownership with the Fractional First(TM) ownership program and introduced fully refundable hours to the jet card market, with JetPASS Ultimate Travel Membership. Flight Options is an industry leader in private aviation safety, as well, having been selected by the FAA as the first fractional provider to participate in the Aviation Safety Action Program. Flight Options provides personalized luxury service to its owners and members, allowing them to be more productive on business and to make the most of their leisure time. The Flight Options fleet of over 140 aircraft consists of the Beechjet 400A, Hawker 400XP, Hawker 800XP, Citation X and Legacy. More information is available at www.flightoptions.com or by calling 877.703.2348.
Source: Flight Options LLC
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