EFTA02640644.pdf

From: Barry J. Cohen Sent: Monday, August 7, 2017 7:59 PM To: jeffrey E. Subject: RE: Engine Plans Agree on the back of the line concern. From: jeffrey E. [mailto:jeevacation@gmail.com] Sent: Monday, August 07, 2017 3:53 PM To: Barry J. Cohen Subject: Re: Engine Plans not only cost, but you are at the back of the line. why take a plane that has no program , first second or third On Mon, Aug 7, 2017 at 3:51 PM, Barry J. Cohen IlMa > wrote: I would have thought it's just a matter of cost, but if you're saying the discount on Pearlman planes is more than the RR program catch up payment, I guess I'm wrong. From: jeffrey E. [mailto:jeevacation@gmail.com <mailtojeevacation@gmail.com> ] Sent: Monday, August 07, 2017 3:49 PM To: Barry J. Cohen Subject: Re: Engine Plans nonsense , look at ron perlmans planes. no buyers at realistic prices and the excuse is no program. on his planes , there are always alternative planes so you take one with the program On Mon, Aug 7, 2017 at 3:45 PM, Barry J. Cohen < > wrote: Banks don't require it. But they increase the amortization on the loan with no program. Our consultants say they agree with you on the RR program helping to boost the owner to the top of the list when it comes to service and repairs. However, they have not observed that prospective buyers have concerns about planes whose owners don't take the program. They say as long as the owner is US corporate or US very high net worth, they will ask questions about not being on the program, but provided the answers are appropriate, it doesn't impact value. EFTA_R1_01874216 EFTA02640644  Nonetheless, I think we should take it, because especially as the plane ages, the odds are you recoup the expenditure on resale. The gift tax case was a from a brief mention in a tax publication that someone was reading. We're trying to track it down. From: jeffrey E. [mailto:jeevacation@gmail.com <mailto:jeevacation@gmail.com> ] Sent: Monday, August 07, 2017 3:39 PM To: Barry J. Cohen IMI IMa> > Subject: Re: FW: Honeywell APU Maintenance Plan (MSP) i also thought . banks usually require engine insurance if they are going to finance in addtion have you found the case where the guy paid gift taxes but was charged with fraud . ? On Mon, Aug 7, 2017 at 3:35 PM, Barry J. Cohen wrote: yup From: jeffrey E. [mailto:jeevacation@gmail.com <mailto:jeevacation@gmail.com> ] Sent: Monday, August 07, 2017 3:34 PM To: Barry J. Cohen < IMI Ela Subject: Re: FW: Honeywell APU Maintenance Plan (MSP) exactly, take it On Mon, Aug 7, 2017 at 3:29 PM, Barry J. Cohen <mailto > > wrote: FYI From: Tom Mitchell Imailto Sent: Monday, August 07, 2017 2:55 PM 2 EFTA_R1_01874217 EFTA02640645  To: Barry J. Cohen mailto >; John Castrucci Smailto Cc: Lee Rohde <Irohde@essexaviation.com <mailto:Irohde@essexaviation.com> >; Laurie Nutter < Subject: Honeywell APU Maintenance Plan (MSP) Hi Barry and John, The Honeywell Auxiliary Power Unit (APU), which you probably know is a mini-turbine engine, has a similar maintenance program as Rolls Royce. The name of the program is "MSP" which stands for Maintenance Service Plan. MSP has mirrored most other programs including Rolls Royce. I have listed bullet items for you to consider and will of course be happy to answer additional questions you might have. The current Buy-In for this APU is $60,000 which includes a 20% discount being offered by Honeywell. • MSP essentially covers all the labor and parts costs required of an APU during a shop visit (shop visit = equals major disassembly) along with a rental APU. • The current (basic) MSP cost is $100.62/hour and subject to an annual CPI escalator. * MSP Gold adds removal and installation labor coverage plus routine inspections for an additional $13.56/hour. (MSP Gold = $114.18/hour) * MSP Gold plus Logistical Support adds road trip logistical support coverage for an additional $6.19/hour. MSP Gold with Logistical support = $120.37/hour General information: • If APU utilization stayed consistent with the GV, it would generate approximately /2 hour use for every flight hour. The APU is "on-condition" meaning its performance is monitored to require a shop visit. • Historically, APUs do require shop visits between 2,500 hours and 4,000 hours due to normal wear and tear. The cost of a normal shop visit would vary from $150, 000 - $450,000. 3 EFTA_R1_01874218 EFTA02640646  Unscheduled APU failures can occur and repair costs tend to run $200,000 - $850,000 (maximum but not common). Regards, Tom please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailtoleevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this 4 EFTA_R1_01874219 EFTA02640647  communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailtoleevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 5 EFTA_R1_01874220 EFTA02640648