United States, Id... "We are starting a aircraft time share company.We are trying to perchase a pressurized piper navajo for our members to have a share in. We have designed three differant packages to choose from The first package is our silver package it cost a one time membership fee of $1500 and a monthy fee of $995 member gets two hours of air time per month if member needs more time they can perchase it at our normal rate at $550 per hour. Second program is our gold program it has a one time membership fee of $2000 and a monthy fee of $1450 member gets three hours of air time per month if more time is needed member can by it at our $550per hour rate. Third program is our platinum it has a one time membership fee of $2500 and a monthy fee of $1895 per month member gets four hours of air time and member can also by more time at our $550 rate. members can accses our web page and will have a password to schedual the aircraft 24 hrs a day.We have peaple who have commited to sign up as soon as we have purchased the plane. The plane is worth $239000 We have several contracts that will mature soon. one is due to mature in August of 2000. this contract is for $12000.the second contract is to mature in december 2003 it has a 8%interst rate and is for $50000 also we have other equipment that is in the proccess of being sold with in the month,we will be getting $30000 for it.We would put all of this up for colateral to who ever is interested in this project.WE need to sign up 25 of the silver members overland would get $24875 per month or $298500 per year.With this number of members the plane would be flying 600 hrs per year direct operating costs are $123.75 per hour for fuel=$74250 yearly $75 per hour engine reserve $70 per hour maintance reserve for a$87000 reserve annualy payments for $3750 monthly= $45000 anually, insurance at $11000 annually and pilot at $40000 annually leaves a net at$41250.Our gold package needs 18 members. aircraft would be flying 648 hours per year.Overland would get $26100 monthy or $313200 anually direct costs are $123.75 per hour for fuel=$79818.75 per year $145 per hour engine maintance per hour =$93525 anually $11000 insurance anually pilot@$40000,payment@$45000 anually leaving a net profit of $43856.25. Our platin...
Chief Executive Officer
Chief Executive Officer