Jet-Alliance - Westlake Village, California, United States

http://www.jet-alliance.com/

The VLJs are finally here. Last Thursday, Jet-Alliance took delivery of the very first Eclipse 500 jet: serial # 000001 and tail registration N508JA. Jet-Alliance aims to become the NetJets of the new "very light jet" private aviation category, offering fractional ownership at a starting price of $95,000 for a 1/16th share (50 hours of flight time). The monthly fee for the fraction is $2,000, which covers expenses such as pilot salaries and insurance. Hourly costs are $788 based on an expected rate of 35% empty legs.The Eclipse Jet has received tremendous press coverage over the past year for its $1.52 million entry price and 1,400 mile range (4 passengers). Jet-Alliance acquires, operates, and maintains the jets, dividing ownership into 50 hour increments, up to 400 hours for a 1/2 fraction. Jet-Alliance makes its money by charging a 4.5% program fee for a fractional purchase, in addition to a 9% administration expense built-in to the monthly and hourly fees.