Flying an Eclipse
Speedflight |
Monday, February 21, 2011 at 6:06PM |
Helicopter heavyweight Sikorsky Aircraft has finalised its minority investment in the nascent airframer Eclipse Aerospace, buoying the company's plans to restart production of its Eclipse 500 very light jet. Neither company has revealed the level of investment.
Sikorsky Aircraft Corp. and Eclipse Aerospace, Inc. announced yesterday at the NBAA convention in Atlanta an agreement in principle for Sikorsky to make an investment in Eclipse Aerospace Inc. Located in Albuquerque, New Mexico, Eclipse Aerospace provides engineering, service, and support for the fleet of 260 Eclipse 500 twin-engine jets.
"This agreement in principle affords us an opportunity to invest in a great product and to further leverage our strong aftermarket and product support capabilities for fixed-wing application," said Mark Cherry, Vice President of Strategy and Synergy for Sikorsky Aircraft Corp.
"We are elated about this potential new venture with Sikorsky Aircraft and the phenomenal reach we can extend to Eclipse Jet owners by access to the global service, support and supply chain network of Sikorsky," stated Mason Holland, Chairman and CEO of Eclipse Aerospace, Inc. "With the closing of this agreement we would have it all -- a phenomenal fuel efficient twin-engine jet, an enthusiastic customer base and a fantastic support staff, all coupled with the depth and strength of a sound and experienced partner, Sikorsky Aircraft!"
Read the original press release here.
Owners' club will dramatically cut cost of private aircraft ownership says entrepreneur pilot
October 6, 2010: Read the full article here
Hotelier and pilot Ruchir Gupta is launching an owners' club which he believes will lead to shared ownership of a fleet of Eclipse 500s and Citation Mustangs.
Gupta, md of the Farnborough, UK-based Speedflight, explains: "The owners buy a share in Speedflight and a share in the assets, initially into our first Total Eclipse, now based in Luton airport. Under a shareholders' agreement each co-owner becomes the operator of the aircraft when it is being flown for their own missions. This way it stays a non-fractional operation and enjoys many cost advantages. In the fractional approach, adopted by companies such as NetJets, the owner and the operator are separate entities."
Gupta says that shared ownership enables owners to save a great deal of money on fixed costs such as insurance, crew salaries, hangarage and operations. He adds: "There are still the variable costs such as fuel, flight planning and crew for non-pilot owners but owners only pay fixed costs in proportion to use."
Gupta, who has chalked up more than 200 hours on the Mustang, says that it and the Eclipse 500 are complementary and that a fleet of three Eclipse 500s and two Mustangs would be ideal for shared ownership. "The Eclipse is more cost-effective for two passengers looking to travel perhaps 1,100nm with two pilots," he points out. "The Mustang comes into its own when there are three or four passengers and two pilots." Gupta says that fractional ownership/charter makes sense for some low hour users but can cost around €1,800 an hour. "Shared ownership reduces the costs to around €900/€1,100 an hour," he adds.
"I believe this is the first scheme of its type for the Eclipse 500. A share will cost less than owning a Ferrari or a Bentley and it will not be much more to run on fuel as the Eclipse is the greenest jet in the world."

To provide better acces to the private jet experience Speedflight announces it's partnership with Riviera Jet Airclub.
Purchase flight time by the hours through Silver, Gold or Platinum card for as low as 1300 Euro per hour without capital investment.
Watch this space for more information soon and find more details here

