Danville, VA, June 1, 2009 – There is an exciting new way to save money on commercial aircraft insurance; paying for insurance per hour. Flight Schools, Aircraft Rental Operators, Charter Operators, Flying Clubs, Aerial Mapping & Survey, and any other qualifying commercial operators that are MyFBO.com subscribers are eligible for the new Pay-By-The-Hour Insurance Program.
Subscribers who participate will pay a fixed premium charge for the non-flying exposure to their aircraft computed on a daily basis. Then they will pay an hourly rate for each hour their airplane flies, based on Hobbs Meter. Hours flown are automatically reported to Phoenix Aviation Managers from the MyFBO.com software and then an hourly insurance statement is automatically generated and emailed to the subscriber’s insurance agent or broker.
The Pay-By-The-Hour Insurance links insurance costs to operating hours. Participating subscribers will pay less during months of below-average flying hours and more during months of above average flying. However, they will never pay more than their normal annual premium.
“This is yet another way that MyFBO.com helps our subscribers operate more cost effectively,” said Jason Liepe, Vice President of Sales and Support at MyFBO.com. “This program will greatly improve cash flow at our Flight Schools. When they have a bad month due to weather or maintenance, they will pay a smaller premium.”
“We not only serve the general aviation community, we actively participate in the community as well,” said Roger Ridings, Phoenix Aviation Managers, Executive Vice President. “We feel the effects of the challenging economic times along with our business partners. In many parts of the Country, flying hours are down so we wanted to provide a product that would help our customers’ better deal with the economic uncertainty.”
Commercial operators that are interested in this program should contact their current insurance agent/broker or Phoenix Aviation Managers at www.PAMAV.com to find an agent.
About MyFBO.com - MyFBO.com is a leading provider of aviation management software systems to flight schools, flying clubs, shared ownership managers, and FBOs.
About Phoenix Aviation Managers, Inc. - Phoenix Aviation Managers provides a quality aviation insurance resource to the general aviation customer which assures a level of service surpassing that of our competitors. Since 1983, Phoenix has been serving the general aviation community by offering a wide range of insurance products through local independent agents and insurance brokers.
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Phoenix Aviation Managers, Inc.