05/06/2008 ONE CHARTER WINS FIRST MANAGEMENT CONTRACT FOR ECLIPSE 500

One Charter Plc, the private aircraft charter, brokerage and management services provider, announced it has signed a contract for the management of its first Eclipse 500 aircraft.
The aircraft is currently in Albuquerque, New Mexico, having been accepted from the manufacturer. It is now awaiting delivery to the UK and is expected to arrive this month. The aircraft will be operated on a private basis only for the owner, by One Charter’s subsidiary company One Air Taxi, until the aircraft is certified for commercial operations.
One Charter has been involved in the entire acquisition process, from sourcing the aircraft, contracts to organizing the finance and insurance and is preparing to send two pilots over to the Eclipse training facility in the next few weeks.
Once training is completed the aircraft will be flown back to the UK by Captain Mike Giles, One Air Taxi’s CEO. All of these turnkey activities in the aircraft acquisition process have been completed in a two-week period.
This is our first Eclipse 500 under management contract, which now paves the way for similar, forthcoming contracts in line with our business plan, says Mike Ryan, CEO of One Charter PLC. With the price of oil rising, we are especially pleased to be operating the world’s most fuel efficient jet for our client.