Prime Fraction Club opens Rio de Janeiro base

Prime Fraction Club has expanded its operations in Brazil by opening a base of operations in Jacarepagua, in Rio de Janeiro, the company said.

The investment to open the operating base at the airport in Jacarepagua is estimated to be RUSD 53 million, and it includes the supply of two executive jets and one helicopter.

Prime will initially be selling and operating models Phenom 100 and Phenom 300, both manufactured by Embraer, as well as an Agusta Power helicopter, manufactured by Agusta.

The investment to acquire a share of each of these assets is made through a down payment and the payment of a balance financed at a very competitive rate, starting at 4.5 percent per year.

In Prime´s business model, the owner of the share may choose the period and the date on which he wishes to use it. The company is also responsible for managing the asset, which includes hiring a crew and administering the asset, among other services.

Prime is the first integrated sharing club for luxury transportation assets in Brazil. The company sells shares in airplanes, helicopters, boats, and premium cars.