CFM Launches Aircraft Investment Venture

Sep 24, 2008 11:33 AM

JetQuik, LLC, a subsidiary of Corporate Flight Management and based in Nashville, Tenn., will acquire and syndicate next generation Embraer Executive jets for inclusion in CFM’s charter fleet.

“We formed JetQuik in response to the increasing market demand for personal jet travel,” said CFM CEO Allen Howell. “JetQuik is an innovative way for us to add additional jet aircraft to meet our growing customer requirements.”

Initially, JetQuik will focus on the increasing demand for very light jets. JetQuik President William Minkoff predicts that very light jets will account for much of the growth in the jet charter market.

“Very light jets are less expensive to acquire and present an affordable alternative to the deteriorating service of scheduled airlines,” Minkoff said.

“Our business plan differs from fractional plans in that ownership and usage are separate issues. Investors fly as much or as little as they like with no contract for hours, no prepaid jet cards,” he said. Investors share revenues and expenses generated from CFM’s extensive charter operations.

Each new Embraer Executive Jet will be placed into service with CFM’s expanding jet fleet. JetQuik, through CFM, will manage the newly acquired aircraft, expected to be as many as five this calendar year.

CFM is a global aviation resources firm providing charter, maintenance, FBO services, aircraft sales, management, flight training and financial services. Embraer has grown into the world’s third largest aircraft manufacturer by building a series of successful regional airliners. Their next generation executive jets are known for quality, dependability and customer satisfaction.

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