Fractional startup Jet It is taking delivery today of its first HondaJet Elite that will begin operations on the U.S. East Coast. The delivery occurs four months after former Honda Aircraft sales executives Glenn Gonzales and Vishal Hiremath launched the North Carolina-based company in September.

Gonzales told AIN he expects Jet It to fulfill its order of three Elites by mid-2019. He said the sales campaign for the first Elite has been successful but wouldn’t disclose the number of shareowners in its first light twinjet. The company’s business model provides for between two and 10 owners for each of its aircraft, Gonzales said. 

“Things are moving pretty quickly,” he said. “I think people are recognizing the value of what we offer.” Jet It’s model includes what it calls an industry-leading $1,600 hourly rate for use of the Elite. 

The company also plans to expand its business internationally through JetClub, which has the same ownership as Jet It but with a name Gonzales said will have greater appeal overseas. JetClub will be led by Jet It president Hiremath, whose experience as director of Asia-Pacific, the Middle East, and Africa for Honda Aircraft equips him to lead that effort, Gonzales said. “What we’re trying to do is create an ecosystem of HondaJet Elites for wherever our owners are,” he said.