EFTA01186782.pdf

From: Larry Visoski To: Je vacation <jeevacation(r4tmail.com>, Rich Kahn < >, Darren Indyke Subject: Fwd: N908.1E Date: Thu, 21 Nov 2013 19:51:41 +0000 Attachments: CBJ Formal Footer.tif; company_resume.pdf FYI from Gary Sent from my iPhone Begin forwarded message: From: Gary Anzalone Date: November 21, 2013 at 2:16:12 PM EST To: Chris Barrett-Jolle , Sherry Cannon < Richard Laggan Subject: Fwd: N908JE Chris, Thank you for your note. I appreciate everything you are saying. Can you please clarify, who is the actual purchaser / beneficial owner? Yesterday, I was under the impression that it was a Director for Aerco, but now it sounds as if it is your client and your are the management team. I want to make certain I relay as accurate information as possible, with respect to the source of the money and the actual guarantor. Sincerely, Gary Anzalone - Managing Partner Equus Global Aviation, LLC Forwarded message From: Chris Barrett-Jolley cj Date: Thu, Nov 21, 2013 at 12:23 PM Subject: N908.IE To: Garry EFTA01186782 Thank you for your email, and kind comments. As I explained to you yesterday we are at a very late stage with the acquisition of another 727 aircraft. As we discussed yesterday a normal lease rate for a 727-100 can be anything from $60-120 K per month depending on model and equipment. We stress that we NOT looking to lease this aircraft. We wish to purchase over the very short period of 12 months and our client has no problem maintaining these these steep monthly payments of $300,000, We are committed to operate to/from the far east for 15 months every 3/4 weeks i.e. until March 2015. In simple terms the aircraft remains Jeff Epsteins's property until the last payment has been made. Our client is not prepared to pay a large deposit. We cannot provide the bank guarantee in our own right at this moment but we are, only now, starting to investigate the possibilities. If we had time to arrange proper financing we would have done so and made a ruthless offer for the best aircraft available. I have read about Mr Epstein's financial prowess and the figures we discussed yesterday were designed to achieve an immediate and practical result. we are not making silly offers or screwing the price down, and he certainly regains more than the cash purchase value in the time it may take you find a realistic buyer. We, Aerco as a company and it's directors will be more than happy to give a solemn sworn undertaking, to return then aircraft to wherever in the USA if for any reason our client fails to meet his obligations, all payments will be routed through Aerco in advance of any due date. I can understand why Mr Epstein would need some comfort but I point out hat we are on the point of irrevocably committing to another 727 aircraft - albeit one which requires maintenance. Our legal adviser, Nigel Heath, is researching "comfort" possibilities as well. The advantage from our client's point of view is that can immediately stop chartering aircraft for his flights. The advantage for Mr Epstein is that the aircraft is flown, maintained and remains his property while he gets a very fair price. We would not have taken this approach if we had the time to do normal 3/4 year structured financing or the ability to make a more substantial down payment - all flights we intend to operate for the first year plus are for our client and private. - not charter - he insists on sole usage and availability. This really is an "of the moment" situation and should be achievable.. I attach a brief overview of Aerco's activities. I, personally am not a director, but I am retained as a Consultant - and a formally authorised signatory for the company. I have been involved in aviation since 1965 and Boeings operating and managing Boeings since 1978. Kind regards EFTA01186783 EFTA01186784