AirSharesPro
AFFORDABLE BIZ JET
Ownership of a private
Jet, once a reserve of the incredibly wealthy, is now affordable. As the
Scheduled airlines move increasingly into the hub concept, operating larger
aircraft on reduced schedules with increasingly unsatisfactory service, the
pleasure of having your own jet aircraft becomes more and more attractive, often
even a necessity. Private aircraft do not depart from crowded passenger
terminals. There are private Fixed Base operators all over the country. Hundreds
of airports that are not even served by scheduled carriers are accessible to the
private operator. Private Jet owners are not required to submit to body searches
because they might have a pen in their pocket and ones luggage is no longer
pawed through by incompetents- delays are only for serious weather. The aircraft
arrives and leaves when you are ready. It flies exactly where you want to go,
direct.
AIRSHARESPRO can offer 25% ownership in a corporation that will own 100% of a
private Jet along with several other managed aircraft for back up. The AirsharesPro mutable ownership program that was originated in the 70’s by Caribex Inc. This is one of oldest multi ownership
programs in the country.
The program allows up to 4 individuals to own an
equal percentages of stock in a corporation that owns, as its only asset, 100%
of the aircraft. The individuals, or their companies, who purchase the stock
shares, contract with the management company to manage the aircraft.
The management company hires and trains the crews,
provides for the hangar,
schedules the maintenance , provides insurance, handles the scheduling of the
aircraft on a 24 / 7 basis, provides full and detailed accounting and maintains
the corporate records. The management company also locates other parties to purchase the shares of
any existing shareholder who wishes to divest himself of his ownership in the
aircraft and, in all, make the
ownership and use of the aircraft affordable and enjoyable.
The owners ( shareholders) share equally in the fixed
overhead, ( crews, hangar, insurance, management, etc.) and pay individually for
their fuel, engine overhaul insurance and maintenance reserves plus any expenses for
their flights. The fixed monthly
costs then are shared among the four ( 4) owners, vastly reducing the operational
costs of private jet ownership.
Each stockholder will receive 25% of the depreciation
over
3 years. This effectively depreciates the asset to salvage value over the same
time period which is aggressive but allowable. Additionally, the owners will
receive quarterly and annual statements indicating their share of the deductible
expenses of the corporation which will include the expenses of the management
company and any costs of flights that they operated that are designated as
business expenses.
A monthly fee will be charged to each owner of
approximately $12,5000.00 This will cover the salaries of the crew, monthly
maintenance, hangar, hull and liability insurance as well as accounting services and management fees. The costs to fly are billed to each
owner on a per trip basis for fuel, landing fees, catering, overnights etc.
Reserves will be billed monthly and
payable in advance of any flights following the due month.
The aircraft is scheduled on ad hoc basis, as desired by
the owners. Any owner can schedule the aircraft as much as he wishes. Conflicts,
in fairness, will be settled in favor of the owner who has flown the least. An
internet site is established that displays the monthly schedule. All
scheduled flights will be indicated immediately they are booked and any owner
can schedule a flight on the interactive data base enabled AirsharesPro site.
In operation, all scheduled flights will indicate on the posted schedule
as either (open) meaning
that any other owner is invited to share the expenses for a seat, or reserved (
private) for that owner exclusively.
The owners will be able to see, in real time, exactly
where their aircraft is from a link on the site.
Any flight can include, at a daily cost of $250.00, the services of a
trained flight attendant. Catering and ground transport are arranged as desired
by the owner scheduling the flight. Normal dry supplies and soft drinks are
always on board as well as liquor, which is charged on a per trip basis along
with any special in flight meals which are ordered when required.
The company stock will be
designated so that no security interest can be made against it. Thus the asset
of the corporation ( the aircraft), will remain free and clear, Each owner will
bring to the closing a payment equal to 100% of his shares. In advance of the actual closing, 100% of the
deposits for shares will be placed into Insured Aircraft and Title, Inc.’s
escrow’s account in Oklahoma city. At closing, the aircraft’s title will be
signed over to the new corporation and each owner will own 25% of the stock of
the corporation. The shares will remain in the corporate books to be held in
trust by the corporate attorney. The owners will be free to change the
management company at any time and to divest themselves of the stock or sell the
asset as they wish.
In the AirsharesPro
plan, the owners actually own the aircraft outright. This is not a fractional
ownership with 12 to 16 or more owners buying time or any kind of lease deal as so many
of the multi ownership program are. The aircraft hull and liability insurance
are set at whatever level the owners wish ( generally $5 to 10 million) $250. million liability with full medical and hull coverage to
match the purchase price with zero deductible.
The operating costs include a per hour figure for engine overhaul insurance as well as a funds for routine and non routine maintenance and reserve payments toward future hourly inspections.
The plan is about as simple as it can be. If you have an interest in this, please contact us any time.
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