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Aviation News Item: 00967
12th Oct 2009
Stratos Aircraft Secures First Deposits for its Stratos 714
Source: fly-corporate.com
 Stratos Aircraft has received the first deposits for its new Stratos 714 Very Light Personal Jet (VLPJ) just as they send off the full-scale cabin mock up to Orlando, Florida to be on display for the first time at this year's National Business Aviation Association Annual Meeting & Convention (NBAA) October20-22.
Mr. Verson Pandian, owner of Cascade Air Charter in Bend, Oregon, is the first Stratos 714 buyer to take advantage of the newly introduced Assurance Deposit Program. This new programme assures buyers that their deposits will be held in escrow, and can be refunded at any time. The Assurance Deposit Program is designed to hold deposit funds in an interest-bearing escrow account at Wells Fargo Bank where the funds remain secure until applied to a progress payment made after a formal aircraft purchase agreement has been signed.
The Stratos 714 was first introduced last year and is the first VLPJ designed to bridge the performance gap between VLJ aircraft and larger business jets. The aircraft is a clean-sheet carbon composite design, optimised to achieve a cruise speed of more than 400 knots, for over 1500 nautical miles including NBAA IFR reserves. It seats 4 people while still leaving room for baggage storage.
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