German Executive Jet Airline for sale
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- Ronald Marshall
- 5 years ago
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1 German Executive Jet Airline for sale
2 Reason: The owner of this airline is beyond retirement age and intends to withdraw from business activities. There is no successor. Sales Package: In the package included is the Executive Jet company (airline = AOC holder), a second company which acts as a charter broker (also for third party aircraft) and a third company which owns the aircraft. The company provides air transportation to a solid base of regular customers in the Ruhr district and beyond. For third party aircraft, the brokerage company provides broker and management services. Brief Description: - Foundation: > 40 years ago - Image: Renowned and respected airline - AOC: German, including passenger & cargo transportation, > 5,7 tonnes - Aircraft one Learjet and one Citation III (up to 9 passengers) - A/C ownership: both aircraft are owned with 70% of price paid - Location: Ruhr district, Germany - Employees: 15 - Operation: worldwide charter for own and third party aircraft - Business: chartered air-transportation third-party charter third-party aircraft management Sales price: Euro 3,375 Million, net - assuming responsibility for remaining leasing rates for 2 jets, amounting to about 3,2mn (paid from operational income) - taxes, if applicable
3 Short History: The airline was founded in May 1969 and thereby became one of the first ever companies in Germany in the business flights segment. Following the take-over of another executive airline in March 1974 the flying licence was up-graded to cover aircraft over 5.7 tonnes also. Today the airline operates its own business jets for up to 9 passengers and it is licensed by the German Federal Minister of Transport as an aviation company for aircraft over 5.7 tonnes. It is therefore automatically subject to all safety and quality standards which "large" airlines also have to meet and which now apply uniformly throughout Europe. Our regular customers include traditionally the higher management of many large companies from all sectors of industry, primarily - but not exclusively - from the Rhine/Ruhr region. The steadily growing demand for aircraft for larger groups as well, something which cannot be met by the airline s own fleet, led in May 1992 to the foundation of a dedicated charter company, which is concerned exclusively with chartering of aircraft of any required size from other airlines. In addition, aircraft management is provided to other owners of business jet aircraft. In brief this means that the owner of an aircraft whether a company or a private individual - places all the tasks connected with the operation of his own aircraft in the hands of us a professional and reliable partner and we integrate the aircraft in our existing fleet. The commercial managed use of private or corporate owned aircraft in the context of an approved aviation company makes sense simply because it is an essential condition in one crucial respect: Only then is it possible to exploit the possibilities of tax depreciation, something which is in principle not open to aircraft operated on a purely private basis.
4 Aircraft: Cessna Citation III Learjet 31A Specification dated 14.Nov.2010 Type of aircraft: Cessna Citation III Type of aircraft: Learjet 31A Year of construction: 1990 Year of construction: 1991 Serial number:... Serial number:.. Registration:... Registration:.. Total flight hours: hrs Total flight hours: hrs Total landings: Total landings: well equipped well maintained Citation VII style interior well equipped well maintained Range: NM / KM plus Range: NM / KM
5 Equipment FD + AP Honeywell SPZ 8000 EFIS Honeywell SG 816 NAV/ADF/DME/MKR Honeywell RNZ 850 NAV/ADF/DME/MKR Honeywell RNZ 850 FMS Universal UNS 1 Csp FMS Universal UNS 1 Csp ADC Honeywell AZ 810 ADC Honeywell AZ 810 AHRS Honeywell AH 600 HF S/E Honeywell KHF 950 EFIS Honeywell SG 816 TCAS II Honeywell TPU 67 A EFIS Honeywell MG 816 Lightning Sensor Honeywell LB 860 EGPWS Honeywell EGPWS MK. VII Weather Radar Honeywell Primus 870 ELT COSPAS/SARSAT Artex C x Integr. Comm. Unit Honeywell RCZ 833 AHRS Honeywell AH 600 APU Sunstrand with hydraulic pump Additional Equipment WEMAC Boost, Flood Cooling, APR, B & D Cabin Display, EROS Oxygen Masks, Airshow, DVD player, Sel-Cal, Standby Gyro Maintenance Fresh Phase I-V Dec by Cessna Milwaukee / USA Aircraft on MSP Gold, Pro-Parts and Cescom Interior Equipment EFIS Honeywell EFIS 50 ELT/COSPAS/SARSAT Artex C406-2 DFDR L3 FA 2100 CVR Universal CVR 30 Weather Radar Honeywell RS 861 A HF S/E Honeywell KHF 950 Radio Altimeter Honeywell KRA 405 DME Honeywell DM 441 B VHF S/E Collins VHF 22 C VOR/LOC/GS/MKR Honeywell VN 411 B ADC Honeywell KDC 481 T ADF Honeywell DF 431 B AP/FD/YD Honeywell KCP 420 AHRU Honeywell KAU 461 TCAS II Honeywell TPU 67 A TAWS Universal TAWS FMS Universal UNS 1 C + 2 x XPDR Honeywell MST 67 A Additional Equipment Satellite Phone Motorola BSN C 1000, 3rd Aux. Inverter, Eros Oxygen Mask, 36 inch Cargo Door, Aux. Cabin Heat, R134 Freon System Maintenance Maintenance by Jet Aviation Düsseldorf/Germany Aircraft on MSP gold Interior Forward and mid cabinet arrangements. Eight passenger configuration. Aft three-place bench seat, four individual chairs and forward side facing
6 Citation VII style interior. Eight place executive interior completed in tan leather, left hand refreshment centre and aft belted lavatory. Seats and carpets new in Dec by Cessna. Exterior Overal white with blue and yellow stripping. Blue tail with yellow stars. belted lavatory Exterior Overal white with blue and yellow stripping. Blue tail with yellow stars. General Type Data: Crew 2 Passengers 6/9, max. 13 Propulsion 2 Turbofan Engines Engine Model Garrett TFE731-3B-100S Engine Power (each) 16,2 kn 3650 lbf max. Cruise Speed 874 km/h 472 kts 543 mph Mmo (max. Mach) Mach 0.85 Service Ceiling m ft Range km NM mi. Empty Weight kg lbs max. Takeoff Weight kg lbs max. Landing Weight kg lbs Wing Span 16,31 m 53,5 ft Wing Area 29,0 m² 312 ft² Length 16,90 m 55,4 ft Height 5,12 m 16,8 ft General Type Data: Crew 2 Passengers 6-8 Propulsion 2 Turbofan Engines Engine Model Garrett TFE731-2Engine Power (each) 15,6 kn 3500 lbf Speed 832 km/h 449 kts 517 mph Service Ceiling m ft Range km NM mi. Empty Weight kg lbs max. Takeoff Weight kg lbs Wing Span 13,30 m 43,6 ft Wing Area 24,5 m² 264 ft² Length 14,80 m 48,6 ft Height 3,70 m 12,1 ft
7 Basic Information regarding Airline-Package Deal: Companies included: a) Airline b) Charter and Aircraft Management c) Aircraft Owner All three companies are part of the package deal As the owner of the company depicts the Group as a healthy business, the above date may not correctly show the financial situation. Therefore, a meeting with the owner(s) and his accountant is advisable and is accepted by owner. Comment by OAK TREE: Managing Owners wish to leave company after sale. OAK TREE (SYNAIRGY) is available to assist in management continuation and restructuring, if necessary. Additional Information: Complete set of data will be made available after signing NCNDA, LOI, POF and agreement on provision.
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