Story ID: 
Iris Jets Launches Custom Fractional Services
By: Kerry Lynch
Caption: Miami-based Iris Jets is launching custom fractional leasing services, beginning with the Miami Jet Club that will offer one-eighth shares in a Hawker 750.
Word Count: 193
Miami-based Iris Jets is launching a custom fractional leasing service, CustomShare, to enable clients to provide tailored programs with shared lease options. Iris Jets’ first CustomerShare customer is the Miami Jet Club, which will launch operations in the upcoming months and offer shorter-term one-eighth-share fractional leases on low-time midsize business jets.
Under the Miami Jet Club program, customers will have 30 access days per year with unlimited hours on a first-come basis. There are no repositioning fees for flights in South Florida, Iris Jets said. Additionally, participating aircraft will be offered for charter when not in fractional use, bringing down the all-in hourly rate for members. The first aircraft offered through the Miami Jet Club is a Hawker 750.
“While there are many great programs available to fliers in the market, client feedback revealed an opportunity that we are positioned to address,” said Iris Jets founder and CEO Jeffrey Reis. “Combined with the hassle and rising costs of traveling via airlines, we decided to create a fractional program that is customized to meet the unique needs of our customers while providing true value.”