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Share the Plane Launched

NAPLES, Fla. March 1, 2011

Share the Plane is the only company of its kind that offers this service on a regional approach—meaning the aircraft is geographically located where the "buyer" is located. For example, those located on the east coast don’t have to wait for an aircraft that is based in Nevada—the aircraft will also be based on the east coast to eliminate long wait times.

The website allows visitors to quickly and easily find aircraft, choosing from hourly/lease or continuous fractional ownership. Using this regional approach to shared usage, the site helps identify the desired aircraft by specific home base location. Share The Plane offers convenience, access and time advantages of leasing or owning an aircraft at a fraction of the cost.

Share the Plane offers owners the opportunity to list a jet, prop airplane or helicopter on the site to maximize the return on investment by generating added income. The interface is easy to use, owners simply register and list the aircraft.

The site is designed to help save time and money. For example, with fractional ownership, participants will have the immediate access they desire, along with the luxury and convenience only private air travel can provide, without the expense of 100 percent ownership. In addition, the tax benefits and depreciation advantages are similar to those received by full aircraft owners.

For those interested in purchasing hourly/lease contracts on specific aircraft, advantages include a lower overall cost of operation versus large aircraft managers and operators and a "hands off" experience as no management responsibilities are required. For owners who sell hourly/lease contracts or a fraction of their aircraft, Share the Plane can help offset operational and maintenance expenses, raise capital, and of course, it helps one realize the value of the aircraft’s idle time.

SOURCE Share the Plane

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