Sparfell International Lease Corporation (SILC) has taken delivery of a Legacy 600 business jet, as the company is hoping to expand the “aircraft, crew, maintenance and insurance” (ACMI) leasing model into business aviation. The pre-owned Legacy, on static display at EBACE, is the first business jet to join the Sparfell fleet.

“For years, ACMI has been established as the leasing model used in commercial aviation,” said Sparfell & Partners Limited chairman Philip Queffelec. “For the first time, this practice has been developed and adapted to business aviation.”

Sparfell said the ACMI leasing model typically will cost one-third the price of ownership, preserving cash flow and reducing residual value risks. Under the Sparfell model, a customer will have a dedicated aircraft and crew and determine the aircraft’s base airport. Luxaviation will operate the aircraft.

“The SILC solution aims to meet a new market demand by offering more flexibility discretion and cost-efficiency as an alternative to regular fractional ownership, charter services or direct aircraft ownership,” Queffelec said.

Embraer Executive Jets president and CEO Marco Tulio Pellegrini, added, “The market is searching for new models of business jet utilization and Sparfell & Partners is bringing an alternative solution for the segment. We are looking forward to future collaboration s between SILC and Embraer.”