Flight Options Legacy - Selling Well?

[Heavy Set]

I have heard that the Legacy is selling pretty well for Flight Options. Seems like a pretty good deal for owners - pretty good size cabin for the price... I saw a Legacy taxiing at Van Nuys recently - looks pretty big on the GA ramp...

How are the pilots enjoying it? Does FLOPS put a flight attendent on it?

 

[TOGA]

Seems to be selling well. Hopefully, they'll take their own soon . . . the current four are leases from Embraer. The newer ones are better . . . engines, interior noise, etc. One "Flight Attendant". Poor runway performance, minor potable water problems . . . otherwise nice a/c.

 

[WileE]

From what I've heard is that all the shares of the first four are already sold and they are looking to buy some more as soon as possible.

 

[TailDraggerTed]

Looks like the Legacys are on sale - see article below.

I thought Raytheon owned Flight Options. Why would they buy and promote aircraft from another manufacturer?



I got this from yahoo tonight

March 16, 2004

Flight Options Introduces Innovative Program for the Legacy; Fractional Provider Offers Large Cabin Capacity At the Occupied Hourly Rate of a Mid-Size Aircraft

CLEVELAND--(BUSINESS WIRE)--March 16, 2004--Flight Options, LLC a leading provider of fractional shares in jet aircraft and an affiliate of Raytheon Company (NYSE:RTN), announced today that the company is offering a low Occupied Hourly Rate when purchasing a share on the newest addition to its fleet, the Legacy.


"We are inaugurating the Flight Options Legacy program with the industry's most-compelling value proposition," said John Nahill, chairman and chief executive officer of Flight Options, LLC. "By participating in this program, our owners are able to utilize the amenities of a large cabin aircraft at the hourly cost of a mid-size jet."

For a limited time, those purchasing a luxurious new Legacy aircraft can take advantage of an Occupied Hourly Rate that rivals the rate of operating a mid-size Hawker 800XP. The reduced hourly rates on the new Legacies will remain in effect for the first 24 months of ownership.

Powered by Rolls-Royce AE3007A1E engines, the Legacy reaches a maximum speed of Mach .80. In addition, the aircraft delivers a range of 3,250 nautical miles. The Legacy is also equipped with the latest in avionics technology for global navigation.

With standard seating for 13 passengers and a 1,410 cubic foot cabin the Legacy is the epitome of luxury in business aviation. Shareowners and their passengers experience three different seating areas: forward club seating; center dining and meeting table; and a semi-private aft cabin, which includes a divan. In addition, there is a walk-in access to the 240 cubic feet of baggage space, the largest baggage volume in the Flight Options fleet.

 

[On Your Six]

Will the Flight Options Legacy have a flight attendant?

 

[LR45JI]

none sold

Was in IAH about 3 weeks ago and talked with one of the CA's on their Legacy: Nice guy.

Anyway, he said none of the Lagacys have been sold yet.

 

[Dep676]

As far as I know they were not trying to sell before. Now they are. They were to be used for backup and to be tried on a trial basis. That was my understanding for the reason to get them. I guess they are cheap to buy/lease also. Yes they have FA's.

 

[NJAowner]

Fee concessions

I do not believe they are selling well, but do not have any first hand knowledge. In the few months since they have begun to sell them, they recently announced they were reducing the Monthly managaement fee and occupied hourly fee for the first 24 months of ownership ( I do have first hand knowledge of these numbers). This is not something which is done when a plane (or other item) is selling well. It means the company (FO) is subsidizing sales.

Just my 2 cents.

 

[Dep676]

Is somebody looking into buying a share? Having the numbers and all.

 

[ProFracPilot]

NJAowner-

Have you had a demo flight in the Legacy? If so, I'd be interested in your opinion - especially if you've done any comparisons of the Legacy vs. other large cabin aircraft - such as the Challenger or GIV.

Thanks.