The ICON A5 Managed Fractional Program
At AirVenture Oshkosh, ICON Aircraft announced a beta test for its new managed fractional program for the ICON A5: ICON Fleet Access. The program is designed to allow easier and lower-cost access to A5 ownership. ICON Fleet Access is a full-service sales and aircraft management solution that offers 50% and 25% ownership shares of the ICON A5 and, unlike many other programs in the industry, will also allow owners to use other shared A5 aircraft in various locations across the U.S. as if they were their own.
The program provides all scheduled maintenance, storage, insurance, scheduling, dispatch, staging, and even pre-positioning as well as A5 trailer access. “Adventure flying in aircraft like the A5 is some of the coolest and most rewarding flying possible. There are millions of people who would love to experience this kind of flying in their own plane if ownership and access were made easier,“ said ICON Aircraft CEO and Founder Kirk Hawkins.
The beta version of ICON Fleet Access launches in Tampa, Miami, LA, and the San Francisco Bay Area in the fall of 2018. Based on the success of the beta program, up to six additional expansion sites are planned through the end of 2019. Locations under consideration include Texas, the Midwest, Southeast, Northeast, Pacific Northwest, and the Great Lakes. Additional locations will be identified by ICON in 2019 and beyond based on market demand.
“Adventure flying in aircraft like the A5 is some of the coolest and most rewarding flying possible,” said ICON CEO and Founder Kirk Hawkins. “There are millions of people who would love to experience this kind of flying in their own plane if ownership and access were made easier. The ICON Fleet Access program is just another effort by ICON in that direction and is aligned with our core mission and commitment to help make flying, especially adventure flying, more accessible. As ICON A5 production is steadily increasing, it’s the right time to introduce the beta program to learn and optimize before rolling out on a national scale. We welcome those near our beta locations to join us in this mission.”
There are limited slots in the beta program and ICON is offering 25% shares for $95,000 initially for those who sign up early. Post-beta prices are expected to start at $125,000 for a 25% share of an A5 with monthly management fees of $900 to cover maintenance, storage, scheduling, and insurance, plus a $75 hourly rate when the aircraft is flown
The company is now accepting fully refundable $1,000 deposits to identify interest and determine expansion locations. Existing position holders get preferred access to both the beta and the follow-on program and can move their deposits over seamlessly. Additional terms and conditions apply. To learn more, visit ICON Fleet Access or contact a Product Specialist at [email protected] or 707.564.4100.