By Kate Sarsfield in London
Cirrus Design has launched a fractional ownership programme designed to drive up demand for the SR piston single series and widen its spread within North America. Cirrus Share will be rolled out across the rest of the world as the programme develops, says Duluth, Minnesota-based Cirrus.
Cirrus says the programme is a “no-frills”, basic entry-level product and has not been set up in competition with the three established professionally managed shared ownership programmes (PMSO) operating Cirrus types. “We want to change the way people approach aircraft ownership and Cirrus Share is designed to get more people into their own machine in a simple and affordable way,” says John Bingham, Cirrus executive vice-president for sales and marketing.
Cirrus Share has established a website and database of contacts from which it sources up to four potential owners for each SR20 or SR22 single. Once an ownership grouping has been formed, Cirrus will draw up partnership documents and checklists for each member and will provide finance for each share in the aircraft.
A four-way partnership in an SR22-GTS costs $23,000 for the initial investment, a fixed monthly fee of $1,000 and $90 per flight hour levy, says Cirrus.
Source: Flight International