9 Steps to Take-Off
Step 1.
Identify 2 or 3 others as co-owners in your area or let AeroOne arrange for you.
Step 2.
Select your preferred aircraft type and designated home airport.
Step 3.
Identify what ownership level best suits your needs -
1/4 Share (100 hrs), 1/3 Share (150 hrs) or 1/2 Share (200 hrs).
Step 4.
Sign Letter of Intent with AeroOne and pay 5% refundable initial deposit.
Step 5.
Sign Purchase Agreement and Co--ownership Agreement.
Pay additional 35% progress payment into Escrow.
Step 6.
AeroOne completes aircraft pre-purchase inspection, initial purchase and renewal plan.
Step 7.
Jet Logistics hires and trains your dedicated 3-pilot crew and relocates them to your designated airport base. Management Agreement is signed.
Step 8.
20% further progress payment deposited into Escrow.
Step 9.
Final 40% payment is made and Aircraft is delivered to you.
The entire process takes about 4-5 months.
Program Specifics
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Aircraft to be U.S. Registered, both Part 91 and 135 F.A.R.s (charter capable).
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LLC legal structure with comprehensive Co-Ownership Agreement, Jet Logistics Management and Charter Agreements. (Trusts for non-US owners.)
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Cabotage compliant, permitting flight operations anywhere within North America, Mexico, Caribbean, Central America and South America.
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Aircraft managed by Jet Logistics--IS-BAO Registered Stage 3, CARB (US Military) approved, and CAMTS audited. Jet Logistics holds the exclusive organ transport contract for Indiana Donor Network, and multiple Medivac contracts with the most prestigious U.S medical providers. Jet Logistics pilots hold the highest levels of flight training, some with military backgrounds. More than two decades specializing in Learjet operations and maintenance.
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Offering price, monthly and variable costs based on 400 hours total annual utilization.
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Monthly and hourly operating payments held by Jet Logistics in trust and governed by the Co-Ownership and Management Agreements.
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AeroOne guarantees monthly and hourly costs (excluding fuel surcharges) for the first 12 months of ownership.
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Individual ownership interests may be sold or transferred in accordance with Co-Ownership Agreement.
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Included is a dedicated crew of two pilots in command (PIC) and one second in command (SIC). Pilots are employed by Jet Logistics and dedicated to your aircraft. They reside proximate to your home airport.
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All purchase funds controlled by Escrow agent for your protection.
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You should consult your tax advisors on depreciation and other tax advantages to owning a private aircraft.
Closing Process
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Letter of Intent.
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Definitive Purchase and Sale Agreement executed.
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LLC formed, Co-Ownership Agreement executed.
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Aircraft selection, prebuy inspection, initial purchase, and renewal plan arranged by AeroOne.
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Crew hired and trained by Jet Logistics and relocated to home airport base.
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Jet Logistics Management Agreement executed.
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Aircraft final inspection and delivery.