Story ID: 
Flight Options Gets Its First Phenom 300
By: Chad Trautvetter
Caption: Cleveland-based fractional aircraft provider Flight Options took delivery of its first Embraer Phenom 300 on Tuesday.
Word Count: 194
Cleveland-based fractional aircraft provider Flight Options took delivery of its first Embraer Phenom 300 on Tuesday. Flight Options has a firm order for 100 of the light jets and options on 50 more. The Phenom 300s are scheduled to be delivered at a rate of about 10 per year over the next 10 years. The first three fractional Phenoms have already been pre-sold, according to a Flight Options spokesman. “We expect that the Phenom 300 will be a true game changer in the fractional marketplace,” said Flight Options CEO Mike Silvestro. “Not only will it offer best-in-class cabin comfort, range and baggage capacity, but it will do so while operating at the lowest cost per mile of any light jet.” In fact, Flight Options told AIN that at $3,700 the total per-hour cost (including hourly and monthly fees) for a sixteenth-share Phenom 300 is about 25 percent less than that of competing aircraft. Flight Options will equip the aircraft with several features currently not found in any other fractional jets: iPod docking stations and broadband wireless Internet. The fractional firm is launching a U.S. tour next month to showcase the Phenom 300, stopping at 40 cities, including New York, Dallas, Chicago and Las Vegas.