Sample LCC Reports

Life Cycle CostCost per Hour John Smith Make/Model: Program Length: 8-Nov-12 Type of Operation: 1978 Corporate Bombardier Learjet 24E 20 Years Currency: Variable Cost (Average): Fuel Fuel Additives/Lubricants CO2 Offset Cost Maintenance Labor Maintenance Labor - Other Parts Parts - Other Inspections Engine Restoral Engine Guaranteed Mx Plan Parts Guaranteed Mx Plan Airframe Guaranteed Mx Plan Avionics Guaranteed Mx Plan Component Overhaul (All) Life Limited Components (All) Other Variable Cost ATC & Navigation Fees Landing & Parking Fees Crew Expenses Small Supplies Total Direct Cost per Hour - $ 20 Year Average: $ 2,912 21 910 637 247 590 75 87 19 87 40 5,625 Program Data: with ( 2 ) CJ 610-6 $ Acquisition: Purchase Exchange Rate: 1 / US$ Fixed Cost (Average): Salaries Pilot/Cockpit Crew Flight Attendants Maintenance Technicians Other Benefits Hangar Insurance Hull Liability Miscellaneous Training Pilot/Maintenance Management Fee Annual Use Tax (Lease Only) Property Tax Registration Fee Brokerage Fee New Int/Paint/Avionics Modernization Nav/Weather Services Comp. Maintenance Service Refurbishing Other Fixed Cost Total Fixed Cost per Hour 20 Year Average: $ 470 141 75 11 35 $ 58 1 151 18 13 47 1,019 Other Costs (Average): Inflation - General Inflation - Parts Program Length (Years) Avg Utilization (Hours/Year) Fuel Cost per Gallon Maintenance Labor Cost per Hour Maint. Labor Hours/Flight Hour (Ave) Block Speed (Kts) Costs shown exclude all taxes and depreciation % % $ $ 3.00 4.00 20 400 6.86 93.00 9.78 438 Finance/Lease Cost Aircraft Cash Payment/Resale Final Payment/Loan Payoff Operations Overhead Administrative Overhead (G & A) Total Annual Cost per Hour Total Annual Cost per NM - 20 Year Average: 20 Year Average: Copyright 2012, Conklin de Decker Associates, Inc. Orleans, MA (508) 255 5975 www.conklindd.com The information in this report is an estimate only, not a guarantee of future results. $ 14 - $ $ 6,659 15.19 Life Cycle Cost Life Cycle Cost Analysis For: Aircraft: John Smith 8-Nov-12 Bombardier Learjet 24E with ( 2 ) General Electric CJ 610-6 Registration: N123 Serial Number: 123 Year: 1978 Acquisition: Purchase Program length: 20 Years Currency: $ Inflation - Genral: Inflation - Parts 3% per Year 4% per Year Type of operation: Corporate Base of operation: Texas The following state taxes or fees are not included in the analysis but may be applicable. See the 'State Tax Guide for General Aviation' published by Conklin & de Decker for details. - Personal Property Tax - State Sales/Use Tax = 6.25% Copyright 2012, Conklin and de Decker Associates, Inc. PO Box 1142, Orleans, MA 02653 (508) 255 5975 www.conklindd.com The information in this report is an estimate only, not a guarantee of future results. 659) (6.411 (53.001.269. not a guarantee of future results.Adjusted Cash Flow Pre Tax After Tax (0 % Tax Rate) Negative Cash Flow $ $ 150. Inc. .106) - Straightline Purchase 20 Years Corporate 8000 Hours Income Charter Revenue Resale Value .625) (8.995) (5. Orleans. Conklin and de Decker Associates.153.000 Cash Expenses Acquisition Variable Cost Fixed Cost Overhead Finance/Lease Cost $ 20 Years Per Hour 3 % Inflation (265.000) (45. MA 02653 (508) 255 5975 www.com The information in this report is an estimate only.269.Life Cycle Cost Executive Summary For: John Smith Aircraft: Engines: Year: Purchase price: Depreciation: Acquisition: Program length: Type of operation: Total flight hours: 8-Nov-12 Bombardier Learjet 24E ( 2 ) CJ 610-6 1978 $ 265. PO Box 1142.690) (53.659) Copyright 2012.690) 20 Years (6.conklindd. 00% /Year Program Total Inflation .546. not a guarantee of future results.000 Total Variable Cost $ 45.000 Cost/Hour 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Year Cost/N.200.00 /MH 6.269.conklindd.400.000.424 1.282 3.833 15.19 600.604.250.com The information in this report is an estimate only.164. 8 Year 9 10 11 12 13 14 15 16 17 18 19 20 .407 3.000 Purchase Currency: $ Exchange Rate: Acquisition Cost .900 1978 Insured Value: Cost/Year 1 / US$ 2.690 2.932 2. Orleans.600. Inc.950.641 2.857 1. 2012) Type of Operation: Corporate John Smith Annual Operating Cost Budget 8-Nov-12 4.243 2. Conklin and de Decker Associates.255.235 2.106 407.2.000 200.000 400.132.344.Life Cycle Cost ANNUAL COST SUMMARY (Version 12.235 2.648 3.86 /GAL Airframe Status: Total Hours Total Cycles Year Manufactured: with 1 - $ 265.659 2.251.402 3.500.000 5.663.000 Total Cost Annual Budget: Starting: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 $ (150.000 1.000 State Sales Tax/VAT Training/Spares/Other Refurb/Modification Trade-in Total $ 265.00% /Year 4.800.931.500.000 1978 Make/Model: Bombardier Learjet 24E Program Length: 20 Years Block Speed: Program Data: Avg Hrs/Year Cycles/Hour Resale Value MX Labor Rate Fuel Cost 438.655 Resale Value (Adjusted) $ Total Finance/Lease Cost $ - - Ops + Admin Overhead $ - - 2.030 2.965 2. Finance Cost/Yr $ Final Payment Lease Cost/Yr 3.4 Volume II.900 11.270. Annual Maintenance Cost Owned Aircraft.83 1.550.000.000 11.500.000.000 1.Purchase: Purchase Price $ 265.000 6.4 Kts 3.000 800.422.255.000 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 2.824.Parts Life Cycle Cost Total: 3.055 2.625 12.000 ( 2 ) CJ 610-6 Acquisition: 400 1.00 56 % 93.000 1 2 3 4 5 6 7 Copyright 2012.000.153.478.001.465 3.000 500.411) 53.000 1.676.485 $ 1.000.390 2.502.909 1.000 - Lease/Finance Payments: Avg.010. Mi.995 2.868.113.736 3. Current Value $ - Total Acquisition Cost $ 265. MA 02653 (508) 255 5975 www.100 Total Fixed Cost $ 8.000 2.000.412 2.000 1.General: Inflation . conklindd.000) (3.000) (4.440) 7.243) (2.235) (2.000) (2.000.000.2.690) Copyright 2012.550. Fuel Surcharge: Revenue Hours Hrs/Yr Avg Flight Hours Hrs/Yr Acquisition Cost: Cash Flow Analysis Cash Acquisition Cost 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Total: NPV Analysis Total Acquisition Cost $ $ $ $ $ Depreciation: 0.931.508 (2. not a guarantee of future results.690) (1.502.263.000.004.017. 2012) Type of Operation: John Smith After Tax Cash Flow From Operations (Excludes Acquisition Cost of Aircraft) Corporate 0 Make/Model: 1978 Bombardier Learjet 24E 1 8-Nov-12 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 (500. Inc.950.465) (3.0% Term: 30 0.422) 150.868.365) 7.258.604.000) Year (53.000) Year Cumulative Total Discounted Cash Flow 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 (10.690) Net Present Value: $ (53.396.508 (2.402) (3.557.424) (1.120.563) 7.132.509.344.641) (2.157) 7.282) (3.000 Expenses + Tax Impact + After Tax Revenue Depreciation Depreciation Cash Flow (265.000 265.676.000) (50.000./Yr 0% + $ .538) 7.000) Currency: Financial Information: Capital Gains Tax: Corp Tax Rate: Desired ROI: Interest Rate: Inflation .407) 150.508 (2. Orleans.055) (2.508 (3.508 (3.736) (3.000) Program Length: 20 Years Acquisition: Purchase (1.974) 7.500.269.831.390) (2.000) (2.000) (40.554.508 (2.164.000.791) 7.508 (3.00% Inflation .751) 7.430.269.684.921) 7.910) 7.251.0% Method: Straightline 0.000 (60.932) 7.270.00% Residual: 15 3.000.113.478.00% 0% + $ .244) 7.000) (3. MA 02653 (508) 255 5975 www.875.411 (53.263.500.267) 150.000) (30. .Parts 4.000.508 (2.010.000.422.418) 7.508 (2.167 (53.508 (2.General Ops Overhead: Admin Overhead: Revenue (incl.030) (2.Life Cycle Cost FINANCIAL ANALYSIS SUMMARY (Version 12.4 Volume II.965) (2.648) (3.508 (3.508 (2.277.255.898) 7.508 (3. Conklin and de Decker Associates.485.140.351.909) (2.171.000) (2.411 265.743) 7.com The information in this report is an estimate only.341) 7.000.000.473) 7.508 (2.149) 7.824.508 (2.508 (1.939.255.508 (2.235) (2./Yr 0 /Flt Hr + $ .000) (265.0% 0.743) 7.411 (3./Mo 0 400 Resale Value (Adjusted) 150.000) Investment: $ $ $ Present Value: $ 265.412) (2.500.857) (1.508 (2.570.508 (1.000) (20.932) (2.612.957.916) 7.508 (3. 546.837 16.558 23.300 144.327 266. not a guarantee of future results.848 216.113.969 3.708 5.303 29.conklindd.320 192.200 45.200 43.474 3.800 - 18.640 5.761.369 - 18.611 9 Nov .000 22.421 8.446 11.332 3.005.773 301.000 5.852 167.893.640 4.705 220.815 383.901 5.947 14.2018 1.185 8 Nov .094 32.035.880 2 Nov .348 18.303 4.172 - 20.182 51.2019 1.492 30.285 11.945 12.909 2.911 6.715 6.017 14.818 3.429 7.755 12.115 60.671 - 22.173 5.283 5.047 197.390 2.442 58.510 206.831 1.075 27.2014 919.111 17.004 231.Current Value Acquisition Cost/Resale Final Payment/Loan Payoff Operations Overhead Administrative Overhead (G&A) Total Cost $ Copyright 2012.101 181.444 29.151 130.616 1.General: 3% per Year Year Starting $ 1 Nov .883.500 3.631 1.687 4.552 5.906 235.235 2.656 12. Maintenance Service Refurbishing Other Fixed Cost Year $ 1 2 3 4 5 6 7 8 9 10 11 140. Inc.068 6.025 4.686 467.344 6.414 361.Other Inspections Engine Restoral Engine Guaranteed Mx Plan Parts Guaranteed Mx Plan Airframe Guaranteed Mx Plan Avionics Guaranteed Mx Plan Component Overhaul (All) Life Limited Components (All) Other Variable Cost ATC & Navigation Fees Landing & Parking Fees Crew Expenses Small Supplies Fixed Cost Salaries Pilot/Cockpit Crew Flight Attendants Maintenance Technicians Other Benefits Hangar Insurance Hull Liability Miscellaneous Training Pilot/Maintenance Management Fee Annual Use Tax (Lease Only) Property Tax Registration Fee Brokerage Fee New Int/Paint/Avionics Modernization Nav/Weather Services Comp.005 6.196 201.772 7 Nov .828 19.027.133 312.914 3.798 236.178 351.976 1.893 15.867 4.000 Variable Cost with ( 2 ) CJ 610-6 Acquisition: Residual Value:$ 150.526 34.150 1.941 27.501 11 Nov .516.538 3.098 15. MA (508) 255 5975 www.113 250.098.651 62.057 5.248 10.249 182.350 5.788 57.050 37.942 4.2020 1.668.298 48.690 25.627 172.376 Total Fixed Cost $ Finance/Lease Cost Owned Aircraft .519 407.236 3 Nov .104 6.376 6.226 321.202 - 23.099 162.750 17.095 5.2016 975.241 341.403 7.868.172 5.966 Total Variable Cost $ 1.211 7.965 2.385 12.347 16.982 45.057 6.612 17.2013 893.235 Annual Utilization (Hrs) Cost/Flight Hour $ Variable Variable + Fixed Total Annual Cost 400 400 400 400 400 400 400 400 400 400 400 4.384 6.198 247. 2012) Corporate John Smith Make/Model: 1978 Bombardier Learjet 24E Aircraft Value:$ 265.344.372 323.940 52.732 6.600 3. Conklin and de Decker Associates.010.368 7.861 5.385 265.795 49.110 1.2015 947.517 188.174 20.995 13.2017 1.550.726 6.006 319.800 29.139 3.658 152.876 4.546 283.048 4. Orleans.437 3.113 13.750 13.2.850 Fuel Fuel Additives/Lubricants CO2 Offset Cost Maintenance Labor Maintenance Labor .412 2.352 15.346 11.895 24.279 3.332 5.792 13.030 2.315 8.172 3.493 4.4 Volume II.247 47.657 - 21.887 31.538 53.830 5.861 5.117 6.404 5.735 5.302 7.411 Purchase Currency: Avg Utilization: $ Exchange Rate 1 / US$ 400 Hours/Year Inflation .600 25.628 6.671 4.148 56.701 - 19.700 4.307 33.Other Parts Parts .648 5.182 17.154 55.603 4 Nov .167 50.748 - 303.857 1.571 47.204 28.462 10.863 14.255.776 37.246 339.066.593 331.2021 1.765 12.374 8.301 4.655 27.2022 1.422.235 6.976 11.640 5.876 4.200 175.096 188.671 4.109 5.348 53.640 4.773 33.283 4. .668 26.119 28.238 14..424 1.668 54.888 4.526 44.120 4.820.619.391 5.260 22.255.550 18.051 6.007 151.476 7.368 157.131.154 10.291 4.249 140.893 18.049 10 Nov .000 42.508 6.452 163.681 216.167 6.013 23.040 18.357 6.025 5.252 203.244 - 19.157 - 21.494 359.950.115 13.688 120.969 148.371 6 Nov .221 15.960.878 12.716 46.142.769 4.000 - - - - - - - - - - - - - - - - - - - - - $ 2.932 2.933 7.999 395.558 12.948.236 2.687 31.359 50.523 6.894 209.150 26.228 44.741 5.877 1.155 7.481 11.165.549 11.316 222.950 - 17.886 34.243 2.Life Cycle Cost ANNUAL COST (Page 1) 8-Nov-12 (Version 12.956 372.049 25.426 177.910 15.521 192.478 16.271 25.768 26.640 186.815 3.236 13.com The information in this report is an estimate only.2012 867.906 15.171 1.132.870 5.061 9.055 2.982 5 Nov .613 175.978 14.618 229. 191 10.366 302.439 501.463 6.736 282.270.277 308.882 31.877 31.011 9.391.576 24..676.520.554 8.138 30.446 528.167 141.759 556.977 29.347 20.176 8.027 2.650 250.291 7.256 42.534 4.185.conklindd.820 45. MA (508) 255 5975 www.974 1.198 23.756 7.695 7.868 199.371 9.842 - 419.512 5.224 38.194 445.2030 1.420 4.204.809 62.793 58.115 65.082 586.534 44.911 6.018 22.139 23.470 18.466 Total Year $ 23.595 61.846 474.191 19.106 Total Fixed Cost - - - - - - - - - $ - - - - - - - - 114.734 - 27.447 10.347 19.405 64.723.342 282.523 64.981 7.159 7.769.187 10.103 4.986 41.392.225 20 Nov .259 66.064 18 Nov .461 5.Other Inspections Engine Restoral Engine Guaranteed Mx Plan Parts Guaranteed Mx Plan Airframe Guaranteed Mx Plan Avionics Guaranteed Mx Plan Component Overhaul (All) Life Limited Components (All) Other Variable Cost ATC & Navigation Fees Landing & Parking Fees Crew Expenses Small Supplies $ 45.984 37.606 432.398 35.987 6.282 76.283 9.797 70.867 8.985 319.435 34.556 599.471 6.277.696 6.849 5.748 380.696 8.160 458.164.225 5.913 16.311.631 15.Life Cycle Cost (Page 2) 1978 ANNUAL COST Bombardier Learjet 24E .019 299.529 33.422 $ 53.399 69.509 17 Nov .257 6.752 5.908 9.2028 1.615 56.222 20.001.832 8.153.763 63.725 40.315 14. 3.409 169.474 697.412 84.991 16.938 14 Nov .282 3.970 16 Nov .672 21.957 16.531 17.212 8.466 8.507 20.407 3.033.811 12.011 402. Inc.785 290.063 539.2023 1.832 2.519 8.476.044 282.659 67.271 486.142 500.974.690 400 400 400 400 400 400 400 400 400 5.224 43.067 389.676 258.502 37.985 5.Other Parts Parts .281 425.752 35.609 8. not a guarantee of future results.209.Current Value Acquisition Cost/Resale Final Payment/Loan Payoff Operations Overhead Administrative Overhead (G&A) 2.084 7.842 21.604.275 63.170 7. Conklin and de Decker Associates.824.749 - 30.849 100.794 205.429 74.307 5.473.132 222.756 8.209 Year Salaries Pilot/Cockpit Crew Flight Attendants Maintenance Technicians Other Benefits Hangar Insurance Hull Liability Miscellaneous Training Pilot/Maintenance Management Fee Annual Use Tax (Lease Only) Property Tax Registration Fee Brokerage Fee New Int/Paint/Avionics Modernization Nav/Weather Services Comp.299 9.785 231.478.101 - 26.479 9.390 2.512 6.502.995 Total Variable Cost 12 13 14 15 16 17 18 19 20 Total 193.067 7.176 7.831 8.128.192 6.208 3.411) - Copyright 2012.097 7.496 14.465 3.350.069 39.719 9.2031 1.841 41.273.491 73.396.329 8.409 322.636 19 Nov .183 7.725 6.365 14. Maintenance Service Refurbishing Other Fixed Cost Total Annual Cost Annual Utilization (Hrs) Cost/Flight Hour $ Variable Variable + Fixed Total Annual Cost .247 49.552 426.385 441.236.859 238.341 71.717 366.956 13.269.384 23.821 7.515 472.685 27.902 243.560 449.167 602.678.889 - 25.433.221 3.275 8.160 7.931.607 414.007.764 374.2026 1.472 11.641 2.017 68.923 8.852 1.876 5.530 18.461 - 462.882 4.036 16.032 516.402 3.527 5.853 35.386 - 28.369 17.147 17.359 5.736 3.583 8.761.367 $ 8.109 8.248 265.911 7.446 15 Nov .531 7.420 36.094.986.822 1. Orleans.731 218.061 7.034 2.512 343.770 15.2025 1.Parts: 4% per Year 12 Nov .648 3.299 264.748 211.378 2.060 16.964 245.486 - 26.061 7.445 13 Nov .647 39.205 8.549 20.075 666.291 17.200.491 $ (150.743 224.310 - 24.822 78.345 3.192 9.589 - Finance/Lease Cost Owned Aircraft .655 150.057 - 29.230 2.607 59.250 2.678 32.220 Fuel Fuel Additives/Lubricants CO2 Offset Cost Maintenance Labor Maintenance Labor .970 4.299.573 9.2029 1.601 72.com The information in this report is an estimate only.212 17.378 8.471 39.684 19.920 9.569 4.029 273.934 19.668 18.2027 1.2024 1.329 7.260 692.133 20.355 5. 414) (7.Parts: 9 Nov .508) (2.447.517.132.519) (7.178) (7.235) (2.831) (321. .991) (12.2.344.255.com The information in this report is an estimate only.255.412) (2.761.965) (2.909) (2.422.021) (14.999) (7.061) Copyright 2012.418) - (2.936) (10.631) (312.815) (7.619.932) (2.467.477.000) - $ (265. (508) 255 5975 www. Inc.508) (2.932) (2.2015 5 Nov .243) (4. Conklin and de Decker Associates.649.000) $ $ After Tax Total Cash Flow: $ Operating Cash Flow: $ 2 Nov .236) (383.953) (17.473) - (1.243) (2.235) (2.010.263.000) 3 Nov .546.508) (2.2014 Target ROI: 0% $ Exchange Rate: 1 / US$ 4 Nov .948.055) (2.133) (7.255.113.424) (1.140.820.593) (7.132. not a guarantee of future results.243) (2.857) (1.055) (2.965) (2.950.857) (1.950.516.102.010.241) (7.868.2018 8 Nov .171) (331.508) (2.950.508) (1.150) (372.030) (2.255.2021 - - - - - - - - - - - - - - - - - - - - - (265.563) - (1.030) (2.010.2013 Present Value of Total Cash Flow: $ Value of Trade-in Aircraft: $ - Value of Owned Aircraft: $ - Net Present Value: $ (265.344.365) - (1.956) (7.846.263.258.422.965) (2.2012 $ Acquisition: (1.251.055) (2.2019 .255.017..424) (1. MA.909) (2.2017 Avg Utilization: 400 Hours/Year Inflation .857) (1.100) (6.110) (303.870.508) (2.344. 2012) 20 Make/Model: 1978 Bombardier Learjet 24E Depreciation: Year Starting Revenue: Sales (Flt Hr) Sales (Month) Aircraft Sale Total Cost Without Tax Impact: Total Acquisition Cost Principal Repayment Final Payment Total Cost With Tax Impact: Sales Tax/VAT Use Tax (Lease Only) Property Tax Variable Cost Fixed Cost Operations Overhead Admin Overhead (G&A) Betterment/Detriment (Lease Only) Depreciation Interest Lease Payments Total 0 $ $ (265.917) (19.Life Cycle Cost FINANCIAL ANALYSIS (Page 1) John Smith Corporate 8-Nov-12 (Version 12.538) - (1.932) - (1.508) (2.2016 6 Nov .960.875.424) (1.251.120.932) (2.243) (2.591.235) (2.909) (2.524) (8.508) (2.508) (2.226) (7.877) (341.440) - (1.412) (2.508) (1.030) (2.743) - (2.113.255.868.921) - (1.152) (21.390) (395.132.957.883.251.893.868.412) (2.2020 10 Nov .General: 3% per Year 7 Nov .027.351.conklindd.113.422.616) (351.000) Purchase Currency: (1.668.430.4 Volume II.751) $ Tax Impact: Income Tax Capital Gains Tax Total Straightline 1 Nov .976) (361. Orleans. $ .439) (7.931.550.Total (2.345) (516.Life Cycle Cost (Page 2) 1978 FINANCIAL ANALYSIS Bombardier Learjet 24E 4% per Year 11 Nov .392.604.515) (7.370.690) Total Cash Flow (2.171.648) (3.557.916) .641) (2.2023 13 Nov .411 $ - - - - - - - - - .824.407) (3.508) (3.164.936.341) $ - .277.939.502.270.690) Present Value (24.113) (43.296) (27. not a guarantee of future results.2026 16 Nov .204.267) Total Tax Impact: Income Tax Capital Gains Tax .160) (7.2029 19 Nov .269.338) (33.678.390) (2.550.422) $ (53. (53. Inc.2022 12 Nov .473.736) (3.606) (7.396.101) Operating Cash Flow (2.728) (36.554.024.604.$ 150.641) (2.396.465) (3.502.282) (3.833) $ (53.149) - (2.407) (3.conklindd.508) (3.142.736) (3.259.305.508) (2.508) (3.465) (3.508) (2.478.849.824.508) (3. (508) 255 5975 www.235) (2. MA.327.910) - (3.185.743) - (2.001.508) (3.873.612.282) (3.378) (472.407) (3.478.034) (419.244) - (3.850) (407.$ (2.385) (7.235) (2.167) Depreciation Interest Lease Payments (53.898) - (2.032) (7.2024 14 Nov .270.641) (2.269.986. Conklin and de Decker Associates.155.676.860) (49.027) (486.402) (3.831.648) (3.420.676.390) (2.367) (7..2031 Total - - - - - - - - - .546.936) (29.690) Net Present Value .$ (3.221) (458.164.230) (445.478.736) (3.411 150.402) (3.269.684.063) (7.508) (2.690) $ Copyright 2012.974) - (2.282) (3.270.250) (501.464) (39.000) Total Acquisition Cost Principal Repayment Final Payment (265.509.007.769.465) (3.550.194) (7.508) (2.648) (3.268) (53.995) Variable Cost (8.004.931.$ Year Revenues Sales (Flt Hr) Sales (Month) 150.164.033.676.106) Fixed Cost Operations Overhead Admin Overhead (G&A) Betterment/Detriment (Lease Only) (150.502.604.000) Total Cost With Tax Impact: Sales Tax/VAT Use Tax (Lease Only) Property Tax (45.824.390) (2.com The information in this report is an estimate only.100.578) (46.508) (3. Orleans.931.157) - (2.2028 18 Nov .411 Total Cost Without Tax Impact: (265.2030 20 Nov .411 Aircraft Sale 150.791) - (2.235) (2.208) (432.153.466) (539.485.422) $ After Tax (53.271) (7.2025 15 Nov .2027 17 Nov .402) (3. 500 1.529 Maintenance Cost .500 2.20 Copyright 2012.5 Year Average 0 3.356 * No Warranty Available Program length: Type of operation: Flight hours/Year Total Variable Average $/Hr 5.000 2.904 Year 11 .20 3.15 Year 16 .Average for Program Duration 3.768 4.824 Year 1 .998 5.080 Matrix -.10 1.500 3. Orleans.conklindd.124 265.174 2. .000 500 0 Year 1 .500 1.469 3.860 2.546 Fuel & Other 3.000 3.15 Year 1 .611 Year 1 .803 3.5 1.500 2.278 4.007 7.493 4.20 %/Year 20 Years Corporate 400 Hours Maint Cost 2.708 6.625 This Analysis 2.625 Matrix -.15 2.15 2.5-Year Average Cost * Year 1 .10 1.10 Year 1 .278 4.000 1.5 1.com The information in this report is an estimate only.757 Year 16 . Inc.00 4.20 2.000 0 0 0 0 0 400 0 0 0 0.000 1. not a guarantee of future results.Life Cycle Cost Maintenance Cost Matrix For: 8-Nov-12 John Smith Aircraft: Engines: Year: Currency Inflation: Bombardier Learjet 24E ( 2 ) CJ 610-6 1978 $ Average $/Hr This Analysis Maint Cost 2.000 500 0 Year 1 . PO Box 1142.0 0 Program (0 % ROI) 3 4.546 Fuel & Other 3.860 Year 6 . Conklin and de Decker Associates.5 Year 1 .418 Year 1 .250 3.5 Year 6 .060 Maintenance Cost .080 Total Variable 5.882 2.000 2.10 Year 11 . MA 02653 (508) 255 5975 www.418 2.Average Cost for Program Duration* Year 1 . Personal Property Tax .com The information in this report is an estimate only. .Budget Analysis Operating Budget For: John Smith Aircraft: Bombardier Learjet 24E Engine: ( 2 ) General Electric CJ 610-6 Registration: N123 Serial Number: 123 Year: 1978 Budget Year Start: Currency: 8-Nov-12 Nov . MA 02653 (508) 255 5975 www.Parts: 3% per Year 4% per Year Type of operation: Corporate Base of operation: Texas The following state taxes or fees are not included in the analysis but may be applicable. Orleans.General: Inflation . PO Box 1142.State Sales/Use Tax = 6. . Inc.25% Copyright 2012.2012 $ Inflation . Conklin and de Decker Associates.conklindd. See the 'State Tax Guide for General Aviation' published by Conklin & de Decker for details. not a guarantee of future results. Inc.510) (664.Purchase: Purchase Price $ State Sales Tax/VAT Training/Spares/Other Refurb/Modification Trade-in Total $ 400. 200.000 300.343 Fixed Cost $ 303.251.110) (141.510 142.510) (141.540 150.510 141.000 265.510) (141. Orleans.110 141.000 $ 33 1.628) Profit/(Loss) (415.000 with ( 2 ) CJ 610-6 N123 8-Nov-12 Currency: Program Data: Hrs/Month Cycles/Hour 800.Parts Budget Total: 3. Conklin and de Decker Associates.000) Lease/Finance Payments: Avg.243 187.4 Volume II. Finance Cost/Yr $ Final Payment Lease Cost/Yr Insured Value: Average/Month Expense (187.540) (150.510 153. not a guarantee of future results.000 1 2 3 4 5 6 Month Copyright 2012.243) Revenues 0 0 0 0 0 0 0 0 0 0 0 0 $ 0 Profit/Loss - (400.510 664.133 25.000 265.110 141.510) (141.261 Total Finance/Lease Cost $ 0 0 Ops + Admin Overhead $ 0 0 600. MA 02653 (508) 255 5975 www. 7 8 9 10 11 12 .0 MX Labor Rate Fuel Cost 93.604) Expenses 415.948.000 1 2 3 4 5 6 7 8 9 10 11 12 (200.000 Revenue 200.628 500.00% Total for Year Exchange Rate: 1 / US$ Acquisition Cost .750) (141.Budget Analysis BUDGET SUMMARY (Version 12.510 141. Exp.000 Maint.00 /MH 6.510 141.251.510 141. 2012) Monthly Budget Budget Year Starting John Smith Bombardier Learjet 24E 1978 Registration Number: Nov .870 Monthly Maintenance Budget (5.com The information in this report is an estimate only.General: Inflation .160) 400.604 5.510) (153.000) (800.000) Month Revenue $ Variable Cost $ 1.conklindd.2012 600.160 4.00% /Year 4.750 141.000 100.000 Total Expenses $ 2.000) - $ 265.510) (141.86 /GAL Airframe Status: Total Hours Year Manufactured: Total Cycles 11900 1978 11900 Inflation .000 Operating Profit/(Loss) Monthly Budget: (No Depreciation) Nov 2012 Dec 2012 Jan 2013 Feb 2013 Mar 2013 Apr 2013 May 2013 Jun 2013 Jul 2013 Aug 2013 Sep 2013 Oct 2013 $ (2.110) (141.510) (142.110 162.2.000 Cost/Hour 0 (600. 163 23.648 513 467 2.000 415.050 37.948.165 990 117.600 3.648 513 467 2.750 440 313 1.110) (141.057 10.510) (142.858 11.858 11.510 141.165 990 129.057 14.057 14.828 3.648 250 913 467 2.057 10.510) (141.163 23.2.683 Sep 2013 Oct 2013 33 72.259 527 16. Maintenance Service Refurbishing Other Fixed Cost Total Fixed Cost $ Finance/Lease Cost Acquisition Cost/Residual Value Final/Balloon Payment Operations Overhead Administrative Overhead (G&A) $ Total Cost $ Operating Profit (Loss) $ N123 Purchase Dec 2012 - 33 72.510) (141.203 467 2.667 3.259 527 16.648 513 467 2.683 May 2013 Hours/Yr Aug 2013 - Jun 2013 Jun 2013 - Jul 2013 33 72.243 (415.750 440 313 1.858 11.510 153.858 11. not a guarantee of future results.165 990 117.683 Jul 2013 Oct 2013 - Aug 2013 33 72.516.259 527 16.Other Parts Parts .750 440 313 1.648 10.259 527 16.683 Nov 2012 3% per Year Jan 2013 Feb 2013 - Nov 2012 First Year Utilization: Inflation: Dec 2012 33 72.000 22.683 Mar 2013 Revenue Hrs: $ - Apr 2013 33 72.300 .923 Jan 2013 - Feb 2013 33 72.Budget Analysis MONTHLY BUDGET Nov 2012 Oct 2013 through 8-Nov-12 (Version 12.858 11.510) (664.500 1.165 990 117.750 440 313 1.950 303.858 11.057 14.057 10.667 3.057 14.259 527 16.4 Volume II.165 990 117.648 26.510 142.057 10.667 3.500 1.163 23.057 14.500 1.428 3..320 192.057 10.648 513 467 2.683 Dec 2012 Currency: Mar 2013 - Jan 2013 33 72.110 Total 11.510) (153.828 3.667 3.057 14.667 3.259 527 16.510 141.160) $ (2.500 1.057 467.648 513 467 2.259 527 16.858 11.165 990 117.163 32.110) (141. Conklin and de Decker Associates.500 1. 2012) Corporate John Smith Make/Model: 1978 Bombardier Learjet 24E Aircraft Value:$ 265.057 10.000 42.858 263 875 263 875 263 875 263 875 263 875 263 875 263 875 263 875 263 875 263 875 263 875 263 875 3.858 11.600 3.000 5.750 141.713 Apr 2013 0 Jul 2013 - May 2013 33 72.667 3.057 10.428 3.333 0 $ Total $ $ Oct 2013 400 867.163 32.500 1.750 440 313 1.200 175. Fuel Surcharge $ Monthly Revenue Total Revenue - Variable Cost Month Average Flight Hours/Month Fuel $ Fuel Additives/Lubricants CO2 Offset Cost Maintenance Labor Maintenance Labor .259 527 16. Inc.828 3.200 14.750 440 313 1.163 23.648 513 467 2.165 990 118.828 17.510) (141.163 23.057 14.350 30.510 141.667 3.165 990 117.880 1.163 23.648 513 467 2.683 Sep 2013 33 72.540) (150.516.110 141.500 8.667 3.510 664.133 265.750 440 313 1.057 14.conklindd.104 6.667 3.667 3.776 37.648 513 467 2. Orleans.163 23. $ $ $ 140.200 45.500 1.279 3.500 1.683 Feb 2013 400 Hours Exchange Rate 1 / US$ Apr 2013 May 2013 Jun 2013 - Mar 2013 33 72. (Incl.500 1.828 3. MA (508) 255 5975 www.750 440 313 1.165 990 117.750 440 313 1.667 3.243) Copyright 2012.160 $ 265.858 11.500 1.110 141.057 10.000 2.163 23.Other Inspections Engine Restoral Engine Guaranteed Mx Plan Parts Guaranteed Mx Plan Airframe Guaranteed Mx Plan Avionics Guaranteed Mx Plan Component Overhaul (All) Life Limited Components (All) Other Variable Cost ATC & Navigation Fees Landing & Parking Fees Crew Expenses Small Supplies Total Variable Cost $ Fixed Cost Month Salaries Pilot/Cockpit Crew $ Flight Attendants Maintenance Technicians Other Benefits Hangar Insurance Hull Liability Miscellaneous Training Pilot/Maintenance Management Fee Annual Use Tax (Lease Only) Property Tax Registration Fee Brokerage Fee New Int/Paint/Avionics Modernization Nav/Weather Services Comp.750 440 313 1.750 13.057 10.500 1.858 11.450 2.828 3.165 990 117.057 14.648 513 467 2.686 467.510) (141.093 467 2.540 150.976 11.163 23.057 10.750) (141.057 10.259 527 16.510 141.750 440 313 1.057 14.858 11.828 8.com The information in this report is an estimate only.057 14.057 10.259 527 16.828 3.163 23.259 527 16.600 25.259 527 16.683 Aug 2013 Total - Sep 2013 33 72.828 3.500 1.688 120.830 5.165 990 117.000 Revenue Acquisition: Month Nov 2012 Average Revenue/Charter Hours/Month Hourly Rev.828 3.667 3.154 10.750 440 313 1.165 990 640. 648 14.830 $ 37.057 $ 467.057 10. Orleans.648 14.230 Total 1 1 1 Month Total 192.648 14.648 14.648 14.057 Mar 2013 16.057 10.200 175.093 513 513 513 513 513 250 913 41.203 513 513 10. Conklin and de Decker Associates. 2012) At Start: N123 First Yr Utilization: Total Time 11.057 Jul 2013 16.057 10.516 Jan 2013 1 41.276 Mar 2013 53.276 Feb 2013 41.686 467.057 10.276 Jul 2013 41.com The information in this report is an estimate only.648 513 513 26.057 Feb 2013 16. 250 467.776 37.276 Jun 2013 41.900 Total Years 400 Hrs 35 Total Landings 11.648 14.648 14.Inspections and Component Overhauls Currency: Maintenance Cost Summary Maintenance Labor Maintenance Labor .057 10.057 10.057 Sep 2013 16.900 Jan 2013 16.2.057 10.350 10.306 Apr 2013 41.conklindd.057 10.057 Apr 2013 16.057 May 2013 16.057 Jun 2013 16.Other Inspections Engine Restoral Engine Guaranteed Mx Plan Parts Guaranteed Mx Plan Airframe Guaranteed Mx Plan Avionics Guaranteed Mx Plan Component Overhaul (All) Life Limited Components (All) $ Inspections 2400 Hour 12 Yr/7200 Hr 12000 Hour 6000 Landing Total Inspection Cost Component Overhaul Stab Actuator T/R (D Howard) Generator (2) Main Wheel NDT (2) Nose Wheel NDT Brakes (2) Total Component Overhaul Cost Exchange Rate: Month $ Oct 2013 with ( 2 ) CJ 610-6 1 / US$ Nov 2012 16.648 14.276 Aug 2013 41.057 Dec 2012 16.057 10.031.4 Volume II. Inc.648 14.276 Dec 2012 564.057 Aug 2013 16.057 10.648 14.050 .Budget Analysis 12 Month Maintenance Budget .648 14.450 Copyright 2012.350 30.057 10.050 37.200 Nov 2012 Dec 2012 Jan 2013 1 1 1 $ Feb 2013 Mar 2013 Apr 2013 May 2013 Jun 2013 Jul 2013 Aug 2013 Sep 2013 Oct 2013 1 1 26.276 May 2013 41.Other Parts Parts .688 120. MA (508) 255 5975 www.276 Nov 2012 41.200 Total Maintenance Cost 12345678910 11 12 13 14 15 16 17 18 19 20 - through 8-Nov-12 1978 Bombardier Learjet 24E 12345678910 11 12 13 14 - Nov 2012 Corporate John Smith $ Month 14.. not a guarantee of future results.057 (Version 12.057 10.926 $ Oct 2013 $ 1 1 467.057 Oct 2013 16.276 Sep 2013 41.200 Total 1 1 1 1 2 1 1 1 $ 1.450 2. 2016 - - Avg Utilization: $ Exchange Rate 1 / US$ 6 Nov .748 407.182 51.886 34.347 16.150 26.246 339.132.2.247 47.390 400 1.010.818 3.300 144.947 14.005 6.154 10.151 130.110 400 893.252 203.550 18.648 5.768 26.526 44.Other Parts Parts .2014 - Purchase Currency: 4 Nov .969 3.894 209.260 22.600 3.172 351.348 53.131.593 18.788 57.4 Volume II.549 11.976 11.2017 7 Nov .893 15.113.516.558 23. Maintenance Service Refurbishing Other Fixed Cost Total Fixed Cost $ Finance/Lease Cost Acquisition Cost/Resale Final/Balloon Payment Operations Overhead Administrative Overhead (G&A) Total Cost with ( 2 ) CJ 610-6 Acquisition: Residual Value:$ 150.238 14.094 32.2013 - 3 Nov .369 312.2015 - 5 Nov .303 29.235 2.204 28.755 12.982 1.493 4.611 1.848 216.Other Inspections Engine Restoral Engine Guaranteed Mx Plan Parts Guaranteed Mx Plan Airframe Guaranteed Mx Plan Avionics Guaranteed Mx Plan Component Overhaul (All) Life Limited Components (All) Other Variable Cost ATC & Navigation Fees Landing & Parking Fees Crew Expenses Small Supplies Total Variable Cost $ Fixed Cost Year Starting Salaries Pilot/Cockpit Crew $ Flight Attendants Maintenance Technicians Other Benefits Hangar Insurance Hull Liability Miscellaneous Training Pilot/Maintenance Management Fee Annual Use Tax (Lease Only) Property Tax Registration Fee Brokerage Fee New Int/Paint/Avionics Modernization Nav/Weather Services Comp.761.857) (1.906 15.422.2014 4 Nov .538 53.429 7.933 7.950 303.2019 9 Nov .2018 8 Nov .200 45. Orleans.298 48.2020 - - - 400 10 Nov .316 222.133 17.099 162.2017 7 Nov .481 11.150 400 1.000 Revenue Year Starting Annual Charter/Revenue Hrs/Yr Hourly Revenue (Incl.705 220.050 37.066.2012 2 Nov .616 400 1.200 43.776 37.198 247.2015 5 Nov .061 9.546 283.942 4.600 25.279 3.792 13.631 400 919.687 4.800 321.895 24.202 395.426 177.421 8.236 1.327 266.000 2.893 18.494 359.521 192.828 19.226 18. Inc.773 301.2021 11 Nov .550.831 400 947.2018 8 Nov .668 26. Fuel Surcharge) Monthly Revenue Total Revenue Variable Cost Annual Utilization Fuel $ Fuel Additives/Lubricants CO2 Offset Cost Maintenance Labor Maintenance Labor .613 175.344 6.750 13.941 27.004 231.668.519 23.852 167.837 16.403 7.119 28.877 400 1.868.411 $ $ Operating Profit (Loss) $ 1 Nov .171 400 975.271 25.795 49.863 14.285 11.911 6.030) (2.476 7.235) (2.010.765 12.174 20.374 8.960.732 6.966 2.558 12.715 6.com The information in this report is an estimate only.424) (1.115 60.769 4.437 3.914 3.909 2.352 15.235 6.820..800 29.346 11.619.Budget Analysis 20 YEAR BUDGET FORECAST 8-Nov-12 Page 1 (Version 12.307 33.526 34.668 54.830 5.098.302 7.005.348 18.047 197.701 341.142.657 361.2012 2 Nov .446 11.115 13.384 6.888 4.017 14.681 216.235 (2.893.880 1.167 50.196 201.773 33.030 2.235) Copyright 2012.500 3.132.452 163.2021 - 11 Nov .104 6.412) (2.969 148.940 52.538 3.027.167 6.096 188.424 1.035.982 45.910 15.117 6.101 181.255.155 7.478 16.508 6.165.000 42.950.510 206.113 250. MA (508) 255 5975 www.655 27.999 22.772 1.000 22.422.007 151.688 120.228 44.815 21. not a guarantee of future results.750 17.442 58.976 400 1.301 4.249 140.2022 140.658 152.726 6.182 17.359 50.120 4.173 5.603 1.178 19.868.612 17.243) (2.255.501 2.391 5.350 5.492 30.049 1.255. 2012) Corporate John Smith Make/Model: 1978 Bombardier Learjet 24E Aircraft Value:$ 265.517 188.700 4.344.571 47.315 8.546.906 235.113 13.883.2013 3 Nov .550.241 19.909) (2.716 46.040 18.113.462 10.236 400 1.956 21.414 20.244 331.2022 - - - - - - - - - - - - - 400 867.965 2.255.671 383.640 186.618 229.185 1.095 5. Conklin and de Decker Associates.444 29.303 4.368 157.111 17.932) (2.2019 Hours/Year Inflation .690 25.049 25.344.051 6.conklindd.248 10.371 1.211 7.075 27.651 62.516.098 15.385 12.995 13.815 3.474 3.148 56.627 172.950.200 175.249 182.139 3.887 31.221 15.2016 6 Nov . .687 31.General: 3% per Year 9 Nov .236 13.932 2.157 372.109 5.978 14.850 1 Nov .945 12.243 2.172 3.857 1.368 7.798 236.523 6.372 323.006 319.686 467.055 2.2020 10 Nov .055) (2.000 5.948.878 12.965) (2.320 192.385 265.412 2.741 5.154 55.656 12.013 23. 607 59.2024 14 Nov .097 7.139 23.147 17.371 9.676.821 7.439 28.269.282 76.685 27.2027 17 Nov .515 26.466 8.478.527 5.641) (2.471 39.736 3.167 602.934 19.250 400 1.2031 Total Revenue - - - - - - - - - - 400 1.2028 18 Nov .560 449.607 414.668 18.832 3.391.277.995 - - - - - - Annual Charter/Revenue Hrs/Yr Hourly Revenue (Incl.465 3.534 44.017 68.748 211.984 37.198 23.752 5.001.345 400 1.752 35.725 6.282 3.311.931.259 66.367 462.392.820 45.589 Operations Overhead Administrative Overhead (G&A) 53.723.160 26.221 400 1.743 224.115 65.209.060 16.576 24.785 290.032 29.769.470 18.849 100..378 8.138 30.057 501.573 9.595 61.678 32.411) 3.366 302.2028 18 Nov .641 2.478.631 15.913 16.811 12.225 5.717 366.273.350.2023 13 Nov .472 11.471 6.282) (3.153.159 7.842 21.200.225 2.2025 - 15 Nov .094.299 264.761.396.991 16.044 282.Other Parts Parts .164.676.846 474. Maintenance Service Refurbishing Other Fixed Cost Total Fixed Cost $ Finance/Lease Cost 114.446 528.445 2.064 2.191 10.690) Operating Profit (Loss) $ .2024 - 14 Nov .770 15.com The information in this report is an estimate only.970 4.902 243.987 6.461 539.222 20.461 5.876 5.270.000 23.277 308.067 389.974.212 8.882 31.conklindd.447 10.256 42.491 73.247 49.018 22.103 $ 4.132 222.2031 Fuel Fuel Additives/Lubricants CO2 Offset Cost Maintenance Labor Maintenance Labor .719 9.678.2029 19 Nov .938 2.530 18.2029 19 Nov .224 43.407) (3.315 14.007.Budget Analysis Page 2 20 YEAR BUDGET FORECAST 1978 Bombardier Learjet 24E Corporate .433.2026 - 16 Nov .832 8.604.473.908 9.520.486 445.731 218.133 20.831 8.106 2.160 7.420 36.985 5.422) $ $ $ Copyright 2012.033.384 23.084 7.Parts: 4% per Year 12 Nov .109 8.359 5.853 35.029 273. MA (508) 255 5975 www.390) (2.270.209 84.027 400 1.299.365 14.977 29.034 400 1.474 697.082 586.299 9.842 8.476.604.841 41.748 380.398 35.824.402) (3.734 472.402 3.208 400 1.785 231.405 64.407 (150.205 8.759 556.275 63.763 63.269.552 426.2030 20 Nov .167 141.194 25.307 5.659 67.496 14.531 17.347 19.502 37.736 282. Orleans.601 72.648 3.636 2.2025 15 Nov .390 2.882 4.283 9.412 3.985 319.684 19.764 374.606 24.824.101 458.248 265.2027 17 Nov . not a guarantee of future results.386 486.809 62.036 16.310 419.502.Other Inspections Engine Restoral Engine Guaranteed Mx Plan Parts Guaranteed Mx Plan Airframe Guaranteed Mx Plan Avionics Guaranteed Mx Plan Component Overhaul (All) Life Limited Components (All) Other Variable Cost ATC & Navigation Fees Landing & Parking Fees Crew Expenses Small Supplies Total 193.187 10.672 21.859 238.342 282.986.420 4.556 599.931.852 1.435 34.609 8.2023 13 Nov .797 70.164.291 17.849 5.409 322.615 56.534 4.531 7.986 41.2030 $ $ 20 Nov .655 150.369 17.465) (3.236.422 $ (2. Fixed Cost Salaries Pilot/Cockpit Crew Flight Attendants Maintenance Technicians Other Benefits Hangar Insurance Hull Liability Miscellaneous Training Pilot/Maintenance Management Fee Annual Use Tax (Lease Only) Property Tax Registration Fee Brokerage Fee New Int/Paint/Avionics Modernization Nav/Weather Services Comp.220 45.822 1.385 441.868 199.185.970 2.446 3.974 1.378 400 1.889 432.341 71.877 31.191 19.736) (3.507 20.142 500.676 258.920 9. Fuel Surcharge) Monthly Revenue Variable Cost 12 Nov .224 38.822 78.648) (3.275 8.204.409 169.956 13.749 516. Inc.170 7.512 343.554 8.569 4.2026 16 Nov . Conklin and de Decker Associates.347 20.019 299.479 9.509 3.271 27.957 16.690 Total Cost $ (53.529 33.650 250.230 400 1.396.260 692.291 7.281 425.011 402.075 666.725 40.647 39.964 245.355 5.523 64.399 69.069 39.549 20.257 6.794 205.502.429 74.063 30.793 58.128.067 7.212 17. 075 197.681 10 Nov . .249 4 Nov .061 9.945 12.151 3 Nov .com The information in this report is an estimate only.. Orleans.651 62.2012 192.792 18.031.651 17.352 15.113 3 3 617.200 323. Conklin and de Decker Associates.004 120.517 8 Nov .2019 301.900 Avg Utilization: 400 Hrs/Yr Total Years Program Length: 20 Years Total Landings 11.050 323.101 20.061 6 7 1 1 8 1 9 10 1 1 2 1 2 1 2 1 1 1 1 2 1 2 1 2 1 33.302 18.776 181.384 16.618 467.285 11.2.conklindd.452 6 Nov .049 186.686 130.182 222.462 11.462 10.848 216.109 11.668 229. Inc. 2012) Total Time 1978 Bombardier Learjet 24E Currency: Maintenance Cost Summary Maintenance Labor Maintenance Labor .550 26.900 35 Infl 1 Nov .285 16.101 175.503 8 8 798.230 1 1 1 20.837 203.2014 220.894 1 1 1 Total Inspection Cost 12345678910 11 12 13 14 15 16 17 18 19 20 - 8-Nov-12 Corporate John Smith 12345678910 11 12 13 14 - (Page 1) Component Overhaul Stab Actuator T/R (D Howard) Generator (2) Main Wheel NDT (2) Nose Wheel NDT Brakes (2) Total Component Overhaul Cost $ Year $ 467.2021 339.2018 283.050 37.352 27.252 188.759 9 9 831.830 25.2017 266.391 27.235 34.521 163.894 2 1 3 4 1 5 1 2 1 2 1 1 1 2 2 2 1 1 1 25.523 33.640 151.4 Volume II.886 216.348 37.2016 250.372 140.773 209.Other Parts Parts .550 18.Budget Analysis 20 Year Maintenance Budget .2013 206.613 7 Nov . MA (508) 255 5975 www.244 2 2 574.316 231. not a guarantee of future results.701 6 6 799.920 5 5 698.173 7 7 1 755.007 5 Nov .792 13.200 1 1 1 1 1 2 1 37.726 26.155 876.174 201.Other Inspections Engine Restoral Engine Guaranteed Mx Plan Parts Guaranteed Mx Plan Airframe Guaranteed Mx Plan Avionics Guaranteed Mx Plan Component Overhaul (All) Life Limited Components (All) $ Exchange Rate: Year Staring $ Total Maintenance Cost $ Inspections 2400 Hour 12 Yr/7200 Hr 12000 Hour 6000 Landing Year with ( 2 ) CJ 610-6 1 / US$ 11.945 Copyright 2012.Inspections and Component Overhauls Make/Model: (Version 12.688 2 Nov .2015 235.047 175.828 19.2020 319.051 17.070 10 10 1.196 9 Nov .481 192.828 34.272 4 4 636. 086 Total Variable Cost 41. MA (508) 255 5975 www.Other Inspections Engine Restoral Engine Guaranteed Mx Plan Parts Guaranteed Mx Plan Airframe Guaranteed Mx Plan Avionics Guaranteed Mx Plan Component Overhaul (All) Life Limited Components (All) $ 20.2022 359. Inc.552 366.Budget Analysis 20 Year Maintenance Budget .347 Copyright 2012.Other Parts Parts . Orleans.877 273.2026 449.405 43.775.Parts: 4% per Year 11 Nov .676 426.205 17.640 11 11 915.044 389.655 Maintenance Labor Maintenance Labor .668 17.831 39.132 222.2030 556.2029 528.811 56.977 302.760 14 14 426.132 39.019 $ 16 1 17 1 18 19 1 1 20 1 2 1 2 1 1 2 1 2 1 2 1 1 1 1 2 1 2 1 2 31.554 31.277.956 13.253.013 14.902 282.013 23.342 14 Nov . Year $ Inspections 2400 Hour 12 Yr/7200 Hr 12000 Hour 6000 Landing 1.991 35.224 44.405 64.686.811 12.607 20 Nov .703 17 17 1.974.719 49.029 1.084.Inspections and Component Overhauls (Page 2) 1978 ation .991 16.956 41.685 27.248 343.019 1.228 243.711 20 20 Total 4 2 1 2 1 1 29.133 265.717 18 Nov .479 910.247 308. Conklin and de Decker Associates.569 Total Inspection Cost Total 14 4 4 29 27 29 Component Overhaul Stab Actuator T/R (D Howard) Generator (2) Main Wheel NDT (2) Nose Wheel NDT Brakes (2) 602.167 602.853 282.909 16 16 Total $ 7.2028 500.206.841 441.531 56.512 17 Nov .067 19 Nov .409 16 Nov .275 63.094..668 18.531 299.385 247.029 12 13 1 1 14 1 15 1 2 1 2 1 1 1 2 2 2 1 1 1 44.399.086.2023 380.275 20.650 666.2027 474.418 19 19 1 1.403 14. not a guarantee of future results.956 13 13 1 1.260 692.425.461 5.858 12 12 1.366 15 Nov .974.785 414.2025 425.676 236.723.365.069 290.097 20.798 264.685 49.299 13 Nov .2024 402.974 1.277 29.347 20.2031 586.315 250.conklindd.299 43.787 18 18 1.569 4.General: 3% per Year Bombardier Learjet 24E .615 258.com The information in this report is an estimate only.358 15 15 1.832 35.260 Total Component Overhaul Cost .650 11 1 666.198 12 Nov .075 322. 307 129. .091 8 111.830 10.832 222.674 118.919 1 2 3 4 5 1 1 101.066 132.Life Limited P (Page 2) (Version 12. Conklin and de Decker Associates.I Overhaul Exchange Rate: 1 / US$ 1 Nov .I Overhaul Engine #2 $ Year 87.938 136.091 111.888 90.038 98.conklindd.623 154.927 141.034 145.927 141.097 13.2020 Inflation .525 93.235 62.886 6 104.240 96.479 29 27 $ 20 692.114 121.Life Limited Parts and Engine Overhauls Make/Model: Currency: $ Year Starting Name NG Gear Strut Actuators MG Gear Strut Actuators Control Syst Cables Spoiler Ass'y Generator Bearing (2) Windshield (2) Main Tire (2) Nose Tire Engine Restoral Overhaul/Inspection H.114 121.403 12.066 132.com The information in this report is an estimate only.658 125.888 90. Inc.265 149.2030 20 Nov .General: 3% per Year 10 Nov .112 10 11 12 13 14 15 16 17 18 19 20 Total 114. Orleans.525 93.583 114.938 136.2.038 98.655 Total 1 8 1 Life Limited Parts 12345678910 Guaranteed Engine #1 Maintenenance Plan Cost 12345- Engine Restoral Overhaul/Inspection H.2014 4 Nov .034 145.307 129.2027 17 Nov .361.Parts: 4% per Year 13 Nov .051 18.2024 14 Nov .2025 15 Nov .2019 20 Year Maintenance Budget .334 9 114.034 145.2012 2 Nov .943 108.112 2.927 141.943 7 108.886 6 104.583 Total Life Limited Parts 12345678910 Engine #3 Restoral Cost 12345- Engine Restoral Overhaul/Inspection H.943 7 108.038 98.719 64. 2012) 11.658 125.114 121.361..066 132.2031 Total 1 1 1 1 1 1 2 Total Life Limited Part Cost 12345- 8-Nov-12 Total Time 1978 Bombardier Learjet 24E Life Limited Part Replacement 12345678910 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 - (Page 1) Corporate John Smith Engine #1 $ Year 1 2 1 1 1 1 2 2 37.525 93.265 149.2028 18 Nov .674 118.066 132.334 9 $ 2.831 18.384 1 2 3 4 1 1 1 2 1 9.531 63.623 154.2021 11 Nov .109 15.205 27.886 6 104.091 8 111.900 9 Nov .658 125.038 98.919 1 2 3 4 5 87.4 Volume II.2022 12 Nov .334 9 114.919 101.2015 5 Nov .554 16.S.I Overhaul $ Year 87.S.919 1 2 3 4 5 101.583 Total 1 8 1 Life Limited Parts 12345678910 Engine #2 Restoral Cost 12345- Engine Restoral Overhaul/Inspection H.155 23.034 145.623 154.Budget Analysis 20 Year Maintenance Budget .S.2016 400 Hrs/Yr Total Years 20 Years Total Landings 6 Nov .240 96. not a guarantee of future results.2026 16 Nov .623 154.583 Life Limited Parts 12345678910 Engine #4 Restoral Cost $ 101.391 11.938 136.240 96.2029 19 Nov .674 118.334 Copyright 2012.886 104.2013 with ( 2 ) CJ 610-6 Avg Utilization: Program Length: 3 Nov .658 125.523 5 1 1 1 1 2 1 1 1 2 1 1 2 2 1 1 1 2 2 1 1 2 1 1 2 1 2 1 1 1 1 2 19.927 141.2023 .265 149.112 10 11 12 13 14 15 16 17 18 19 20 $ 2.726 13.112 10 11 12 13 14 15 16 17 18 19 20 1 1 1 1 1 $ 2.674 118.S.900 1978 Bombardier Learjet 24E 35 11.307 129.302 12. MA (508) 255 5975 www.240 96.2017 7 Nov .888 90.943 7 1 108.307 129.525 93.I Overhaul $ Year 87.091 8 111.299 6 7 8 9 10 11 12 13 14 15 16 17 18 19 1 1 1 1 1 4 2 8 1 1 1 1 1 1 2 1 20.888 90.938 136.361.2018 8 Nov .265 149.114 121.361. Personal Property Tax . . MA 02653 (508) 255 5975 www.Parts 3% per Year 4% per Year Type of operation: Corporate Base of operation: Texas The following state taxes or fees are not included in the analysis but may be applicable.com The information in this report is an estimate only.conklindd.General: Inflation . . not a guarantee of future results. Conklin and de Decker Associates.25% Copyright 2012. See the 'State Tax Guide for General Aviation' published by Conklin & de Decker for details. PO Box 1142. Orleans.State Sales/Use Tax = 6. Inc.Residual Value Analysis Residual Value Analysis For: Aircraft: John Smith 8-Nov-12 Bombardier Learjet 24E with ( 2 ) General Electric CJ 610-6 Registration Number: N123 Serial Number: 123 Year: 1978 Acquisition: Resale Value Adjustment Program length: Currency: Purchase Betterment & Detriment 20 Years $ Inflation . conklindd.514) .000) 0 (300.000 Purchase price: $ 265.000 400. not a guarantee of future results.com The information in this report is an estimate only.Life Limited Parts Replacement 95.000 400000 1 2 3 4 5 6 7 8 9 (100.000 17 (100.Engine Restoral Adjusted Resale Value $ 150. MA 02653 (508) 255 5975 www.000 600000 200. PO Box 1142.Aircraft No Analysis: Base $ 148.000) 10 11 12 13 14 15 16 17 18 19 20 200000 (200.697 Adjustments .000 300.Component Overhaul 3.000 Bombardier Learjet 24E with ( 2 ) CJ 610-6 700.000 Program length: 20 Years Acquisition: Purchase Type of operation: Corporate Avg Flight Hrs per Yr 400 Hours Today: Total Time Total Cycles Age (Yrs) In 2032 Total Time Total Cycles Age (Yrs) Adjusted Residual Value in 2032 (Calculation Basis .900 35 19.000 1000000 600.000 100.Avionics No .Engine Yes .000 800000 400. Inc.000 Year: 1978 600.Parts/components No .00% Guaranteed Maint.000) (300.000 200.000 100.000) Heavy Mx Budget 1200000 700.609 . Programs .000 500.000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 18 19 20 (200. Conklin and de Decker Associates.000) 1 Year 2 3 4 5 6 7 8 9 10 Year Copyright 2012.411 11.618 .900 55 Equity Analysis 500. Orleans.Major Inspections (97.Residual Value Analysis Residual Value Summary For: 8-Nov-12 20-Year Residual Value Trend Adjusted Value Base Value John Smith Aircraft: 800. 11 12 13 14 15 16 17 18 19 20 .000 300.000) Year Heavy Maintenance Budget (Components/Engine/Major Inspections) Adjusted Value Remaining Balance 800.Betterment & Detriment) Assumptions: Inflation 3.900 11.900 19. 704) 3.258 261 (48) 5.752) (522) 9 982 (78.Life Limited Parts Replacement .760) (4.608 (5.926 186. Inc.111 1. 7 8 7.952 8.835 4.957 5.024 2 (0) 5.840 205.508) 765 (2.602 132.997 1.2017 7 Nov .570 (4.952 7 4. 2012) Total Time 1978 Bombardier Learjet 24E Currency: 12345678910 11 12 13 14 - (Page 1) Corporate John Smith $ 3 Nov .283 (2.032) 5.Major Inspections .968 231.2012 3.119 5 (5.997 73.493 1.990) 105.Component Overhaul Stab Actuator T/R (D Howard) Generator (2) Main Wheel NDT (2) Nose Wheel NDT Brakes (2) $ Year Total Component Overhaul Betterment Total Component Overhaul Detriment Total Component Overhaul Adjustment with ( 2 ) CJ 610-6 $ Inflation/Year Guaranteed Maint.533) .296 12.760 (102.341 177.715 (494) (226) 51 (5.315 (9.438 24 149 542 8.976) 6 (1. Conklin and de Decker Associates.463 3.655 238.375) 5.005) 38.2019 35 11.Component Overhaul .094 113.475 128.227 312.976) 28.307 70.174 (148.226 3. Plan .2.771 (4.604) 4 (0) (1.380) (7.Inspections 2400 Hour 12 Yr/7200 Hr 12000 Hour 6000 Landing Exchange Rate: 1 / US$ Year Starting 1 Nov . Orleans.Residual Value Analysis Residual Value Analysis .424 413.com The information in this report is an estimate only.687 62.437 2.397 473.049 320.273) 8.194) 201 137 4.122 70.060 52.135 224.604) 55.416 67.383) 229.174) 633 5 1.049) 9 (1.809) (5.748 276.658 223.447) 641 (3.Engine Restoral Net Residual Value $ 12345678910 11 12 13 14 15 16 17 18 19 20 - 8-Nov-12 (Version 12.647 53.810 (102) 125 (2.507) 110.045 676 118. MA (508) 255 5975 www.684 409.900 9 Nov .225 6 (9.738 229.957 1 3 3.038 124.277 9.647 1.Inspections and Component Overhauls Make/Model: Program Assumptions: Adjustments .Engine .2014 11.327 201.045 62.952 137..2015 5 Nov .753 (5.325 (148.165) 274.264 603.855 274.263) 641 (426) (65) (44) (1.328 549.362) (7.543) 78 (53) 1.695 215.919) 97.234 660.4 Volume II.024 344.898 8 (0) 6.386 (9.218) 67.470 4.165 137.024 9.396 (39.796 9.245) (2.373 (2.981) (2.624 (34.2020 Yes No No No 400 400 400 400 400 400 400 400 400 251.727 2.047 183 21.005) 177.224 234.533) 30.339 (4.067) (23) 47 (512) 1.898 (522) 45.227 (2.119 633 43.049) (1. not a guarantee of future results.Aircraft Annual Utilization Residual Value Summary Base Aircraft $ Adjustments .619 312.383) 69.966 344.850 216.045 208.958 312.950 344.132) 183 Copyright 2012.890) 96.052 (9.246 130.727 137.165) 95.2018 8 Nov .230 (5.00% 2 Nov .2016 6 Nov .778 (23.225 (7.969 4 (2.671 119.497) 70.750 245.2013 Year Total Inspection Betterment Total Inspection Detriment Total Inspection Adjustment Adjustments .241 147 43 3.262 398.227 3 (1.047 1 2 5.345 41.045 9.103) (1.900 Avg Utilization: 400 Hrs/Yr Total Years Program Length: 20 Years Total Landings 4 Nov .455 27.Parts/components .808 (4.698 137.Avionics .218) 133.conklindd.647 (0) 8.000 77. 087 5.875) 73.900) 10 (0) (2.411 10 (3.671 (573) 12.746 108.967) (10.177) 138.208 (159.293 (6.810) (380.900) 96.354 (53.525) 14 1.081 1.2030 20 Nov .123) (127.120) (134.188 (292.147 18 (17.506) 11 (7.336) 108 73 2.2027 17 Nov .134 226.506) (11.696) (1.935) 86.777 137 56 3.599 (5.Life Limited Parts Replacement .152) 163 (11.609 150.712 384.667 (142) (58) (3.329 310.003 (68.800) 914 (5.146) 1.207 (176.783) (133.623 (5.948) (90) 61 (2.227) Copyright 2012.2026 16 Nov .379 (32) 195 (709) 4.610) 362.860) 59. not a guarantee of future results.995) 188. Inc.879 17 (10.037 (101.940 4.536 12.845) (242.419) (11.147 5.836) 76.787) 1.525) (15.382 8.747 4.940 12 (1.com The information in this report is an estimate only.123 168.742) 59. Conklin and de Decker Associates.470 (10. Overhaul Adjustment .448) (292.2031 Program Assumptions: Inflation/Year Guaranteed Maint.684) 2.025 (42.521 (203.418) (313) 213 (6.867 (96.389 148.003) 6.187 7.127) 157.581) 13 11.2025 15 Nov . Plan .365) (4.514) 20 2.763) 138.444) 172.951) 14 6.056 13.2029 19 Nov .193) (12.618 .081 15 1.2022 12 Nov . 20 9.594 (70.684) 3.955 (6.714) (90.944 (260.573 (3.824) 4.849 (126.329) 51 16 17 1.684 314.482 362.119 (309.336) 3.380 241.2021 11 Nov .207) 257.256) 12.729 (88.145 161.199) 1.618 95.Inspections and Component Overhauls (Page 2) Residual Value Calculation includes: 1978 Bombardier Learjet 24E Betterment & Detriment 10 Nov .103) 47.021) 53.357 175.023 12.371) 192.341) 150.715) (187) 163 (4.933 361 67 8.918) (380.721) (182.Component Overhaul .667 257.2023 13 Nov .754 (159.256) 13 (0) 7.075 16 (4.245 (5.471) 73.915) 96.684) (12.351 165.248 11 1.086 192.489 (21.655) 86.177) 320.Engine Restoral Net Residual Value Inspections 2400 Hour 12 Yr/7200 Hr 12000 Hour 6000 Landing Total Inspection Adjustment Component Overhaul Stab Actuator T/R (D Howard) Generator (2) Main Wheel NDT (2) Nose Wheel NDT Brakes (2) Total Comp.514) 3.230 53.171 379.095 (97.203 15 (1.634 652.944 (69.867 (352.207 (45.Parts/components 400 400 400 400 400 400 400 400 400 400 400 197.035) (97.127) 316.122) 12 (12. MA (508) 255 5975 www.594 157. Orleans.075 51 (32.Engine .248 (1.054 8.097 (195.647) (9.009 123.967 (435.531 283.275 5.442 (195.777 (17.506 18 (1.351 (101.436 (2.767 (179.239) 191.787) 5.486) 43.conklindd.098 7.519 105.122) 2.697 (90.257 (3.923 25.314 187.Major Inspections .910 (6.203 (13.933 148.667 (14.227) 114.103) 124.079 181.565) 1.066) (186.729) 157.009 19 (0) 9.552 (12.879 1.738 530.466) 278 (63) 6.752 (573) 204 178 4.Aircraft Annual Utilization Residual Value Summary Base Aircraft Adjustments .432) 54.986 138.098 (0) (2.682 153.552 19 15.505 47.380 (7.985) (664) 34 (69) 751 784 (13.021) 248.951) 12.506 106.581) (12.2028 18 Nov ..297 (6.Residual Value Analysis Residual Value Analysis .965) 9.070 (186.2024 14 Nov .041) 1.391 9. 62 1.16) 2.58) (0.88 (31.87 (80.I Overhaul $ Year with ( 2 ) CJ 610-6 1 / US$ 1 Nov .501.88 - Life Limited Parts Adjustment 12345678910 Engine Restoral Adjustment Covered by Engine Plan $ - - - - 25.74) 64.2017 (9.397.224.51) 62.919.560.81) 59.02 59.17) 73.71) 21.629.07 (1.2015 (7.414.conklindd.10) (0.423.234.031.921.900 9 Nov .049.619.90 63.08) 64.944.900 Avg Utilization: 6 (28.31 (134.90 1.584.441.com The information in this report is an estimate only.726.24 (33.98 78.345) (70.53 59.84) (14.308) (14.48 8 (15.665 . Orleans.67) 5.590.47) 70. 2012) Total Time 1978 Adjustments .042.2.623.01) (4.592) (130.19 2.978.501.27 6.28 (41.30 7 14.101.176.12 9 31.79 706.041.Residual Value Analysis Residual Value Analysis .48) - 11.655.88 (27.097.69 4.24) 1.42 4.44 (40.14 8.426.408.74) - 7 Nov .2013 (5.53) (25.30) 63.69) (70.454.104.60 517.55) (101.15) 199.90 8.217.76 (77.32) 30.459.2012 (4.071..200) Copyright 2012.678. (120.878.352.57 5 (0.995.539 (26.99 78.999.262.21 (0.94 272.S.43) 61.19) (7.616.85 - (0.712.18 1 2 Nov .79) (12.29 56.11 (228.359.327.08) (20.308.02) 12.20 (9.478.665.69) (169.263.25) (13.615.Life Limited Parts and Engine Overhauls Make/Model: Currency: $ Bombardier Learjet 24E Exchange Rate: Year Starting Name NG Gear Strut Actuators MG Gear Strut Actuators ( Control Syst Cables Spoiler Ass'y Generator Bearing (2) Windshield (2) Main Tire (2) Nose Tire Total Life Limited Parts Betterment Total Life Limited Parts Detriment Total Life Limited Parts Adjustment 12345- 8-Nov-12 (Version 12.35 (5.68) 1.24 218.743.11) (3.769) 221.36) (4.279.261.67) 28.93 (7.87) (9.787.90) 75.94 54.69 238.35 - 3 Nov .027.773.837.2018 (11.87) - 11.069.995.87) 43.76) 45.24 190.79 81.327.65 69.135.55 (15.328.37 12.776.20 85.36 1.43 (2.728.699.93 60.32) 10.2019 (12.05) (7.75 68. MA (508) 255 5975 www.4 Volume II.404.27) - 4 Nov .36) (2.738.07) 58.388.470.121.80) 163.46) 55.268.93) 4. Conklin and de Decker Associates.02) 81.254.06) (9.411.720 163.45 (41.169.02) (1.86 (84.313.603.2014 (6.025.91 (795.2016 6 Nov .23 (495.560.592.60) 55.00 (359.684.607.630. Inc.43 2 12.22 (10.59 915.887.59) 53.842.239. not a guarantee of future results.2020 (14.314.791.14) - 35 8 Nov .949.801.699.Life Limited Part Replacement 12345678910 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 - (Page 1) Corporate John Smith Engine Restoral Engine #1 Overhaul/Inspection Adjustment H.549.64) (70.741.699.73 3 (12.172) (184.68 4 26.774.88) 8.17) - 400 Hrs/Yr Total Years Program Length: 20 Years Total Landings 5 Nov . 230.482.650) 19 Nov .643.07 70.841.31 - 14 Nov .60) (271.638.59 13 (17.636.11 (84.2029 (30.940.957) Copyright 2012.15) (3.179.73 10 11 Nov .984.88 136.10) (13.2026 (24.58 (1.178.88 78.475.021.615.53 121.916.271.954.33) 7.71) (316.12 (111.48 (1.46 149.40) - (129.634.759.902.65 1.34 977.57 (80.88) (144.177.26) 11.140.07 (41.33) (0.382.166.607.93) (0.92 4.98) 311.738.719.84 (92.61 (110. Inc.927 12 Nov .58 69.51) 66.093.669.178.401.28 14.11 (497.316.78) 7. Conklin and de Decker Associates.261.743.856) 18 Nov .49) 340.858.96 148.985.47 (40.74) (4.885.04) 46. Orleans.619.63 106.066 72.2022 (17.252.761.2024 (20.994.864.575.09) 12.563.69 285.24 19 41.65) 52.357.41) 12 16.17 (4.536.403.410.24 77.2021 (15.011.454.417.26 (10.516.13 87.320.123) (219.44) 5.48 (34.875.21) 144.89) 1.354.097.60 (100.57 154.11 (842.086.64 (31.58) 62.15) (92.198.74 - - - 54.2027 (26.com The information in this report is an estimate only.08) 68.74 (65.07) (219.259.27 1.09) 71.38 104.745.53) (14.32) 57.43) 95.86) 75.02) 260.897.096.45 (55.49) 97.163.816.609.37 (79.85 482.37) (38.255.45) - - 20 Nov .80 8.97) 1.90) 71.Residual Value Analysis Residual Value Analysis .824.76) - - - (77.76) 73.2025 (22.955.959.860.52 (656. MA (508) 255 5975 www.21) (52.85) 15 (0.02 (12.98 377.2031 Adjustments Life Limited Part Replacement NG Gear Strut Actuators MG Gear Strut Actuators (2) Control Syst Cables Spoiler Ass'y Generator Bearing (2) Windshield (2) Main Tire (2) Nose Tire Total Life Limited Part Cost Engine Restoral (44.72) 12.688.88) 106.484.684.933.18) 1.2030 (33.51) (15.2028 (28.39) 123.100.101.462.783.10) 79.559.441.174.50 716.502.766.720.2023 (19.139 13 Nov .209.723.660.99 (3.77 (9.840.07) (1.62) 4.373.811.716.648.09) (3.853.98 (6.51 101.171.105.98) (3.30) 68.83 (170.858.26) 14 35.026.42 (48.16) 66.96) (645.839.45 18 (20.81) (32.056.48) 3.826 15 Nov .469.95) (2) 16 Nov .265) (60.30) - 17 Nov . (35.59 (17.473.07 118.51 74.00 2.26 (0.824.88) (59.572.30) 134.22) (45. not a guarantee of future results.12 11 (32.24 16 (38.880.267.326.19 17 19.918.19 (316.97) 96.684.094.63) 76.181.518.686.24) 114.81 67.311.417.268.39) (9.94 68.31 36.65) 81.92) (67.67) 8.Life Limited Parts and Engine Overhauls (Page 2) Residual Value Calculation includes: 1978 Bombardier Learjet 24E Betterment & Detriment 10 Nov ..04 20 (1.conklindd.96 (108.72) (39.783.41) (124.70 116.124) Total Engine Restoral Adjustment .24) (31.397.51 89. not a guarantee of future results. Orleans. (508) 255 5975 www.300 4.900 5.000 0.4 Volume II.2.87 /FH Database Date: Jul-12 GMP Other: Guaranteed Maintenance Plans Engine: Cost/FH Thru Year Thru Hours $ Step 1 411 40 1.000 Frequency Hours 600 2400 2000 12 6000 Cycles 275 300 275 Copyright 2012. Conklin and de Decker Associates.55 Months .000 Step 2 432 50 5. Inc.200 302.00 Other: $ / FH 636. Years Time Since Last Inspection Hours Cycles 2.000 173.030 450 250 10.Life Cycle Cost and Budget Analysis Maintenance Input Data Bombardier Learjet 24E with 2 General Electric CJ 610-6 (Version 12. MA.570 14..300 1.000 Frequency Hours 2400 7200 12000 Overhaul Cost Prem Removals (Current Cost) /1000 HR 3.conklindd.00 Step 3 439 60 Step 4 Step 5 Cycles Years Step 6 Parts: Avionics: Aircraft: Inspections Name: Recurring 1 2 3 4 5 6 7 8 9 10 11 12 One Time 1 2 2400 Hour 12 Yr/7200 Hr 12000 Hour 6000 Landing $ Component Overhaul Name: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Stab Actuator T/R (D Howard) Generator (2) Main Wheel NDT (2) Nose Wheel NDT Brakes (2) $ Insp.900 75 200 75 Months 130.900 Time Since Overhaul Hours Cycles 500 2.78 MH/FH Parts Aircraft 0.700 11.500 8.com The information in this report is an estimate only.000 280. 2012) Labor MH/FH Aircraft 9. Cost Inspection Cycle (Current Cost) Start (Hrs) 14. 900 2.580 400 Total Cost Prem Removals (Current Cost) /1000 HR 63.300 6.200 91.S.000 0.100 323.200 17.com The information in this report is an estimate only. not a guarantee of future results.conklindd. (508) 255 5975 www.000 Frequency Hours Cycles 20000 9000 Years 2400 3600 1000 275 300 Hours 1000 5000 Frequency Cycles Copyright 2012. Time Since Last Replacement Hours Cycles Months 11. Conklin and de Decker Associates.900 2.090 110. Inc. Orleans.100 900 75 200 Years Time/Cycles Since Last Restoral Hours Cycles Months 900 1. MA.300 1..14 1.I $ 2 Overhaul 3 4 5 Replacement 1 2 3 4 5 6 7 8 9 10 Parts Cost Prem Removals (Current Cost) /1000 HR 41.800 23.Life Cycle Cost and Budget Analysis Life Limited Parts 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Name: NG Gear Strut Actuators MG Gear Strut Actuators (2) Control Syst Cables Spoiler Ass'y Generator Bearing (2) Windshield (2) Main Tire (2) Nose Tire $ The cost of engine heavy maintenance is included in the Engine Guaranteed Maintenance Plan Engine Restoral/Heavy Maintenance General Electric Engine #1 Name: Inspection 1 H.900 . 1% 0 0 0 4.86 93.279 1.00% 0.0 140.00 3.0% 0.03 - $ $ $ $ $ $ $ $ 1. Conklin and de Decker Associates.Life Cycle Cost and Budget Analysis Input Data 0 Currency: Exchange Rate = Customer: Type of Operation: John Smith Date of Analysis: $ 1 / US$ Corporate 8-Nov-12 Type of Analysis: Aircraft: Engines: Bombardier Learjet 24E ( 2 ) CJ 610-6 Current Status: Total Time Since New: Year Manufactured: Total Cycles Since New: 11900 1978 11900 Base of Operation: Texas Program Length (Years): Average Flight Hours/Yr: Cycles per Flt Hr (Airframe): Cycles per Flt Hr (Engine): Acquisition Cost .000 56.0% 0. 5. Inc. Orleans.461 $ $ $ $ 3.750 .000 30% 17.000 Revenue Data: Charter Revenue per Month Charter Revenue per Hour Fuel Surcharge per Hour Variable Cost Input: Fuel Cost Maintenance Labor Rate CO2 Emission (Metric Tonnes) CO2 Offset Cost Fixed Cost Input Salaries/Aircraft Crew/Aircraft Ratio Pilots/Cockpit Crew Flight Attendants Maintenance Technicians Other Benefits (% of Salaries): Training Cost Operations Overhead Administrative Overhead Operations Overhead Administrative Overhead Financial Analysis $ $ $ - $ $ 6. MA (508) 255 5975 www.0% 316 $ 14 65 30 $ 22.00 1.200 0% 0% - Aircraft Value: Resale Value (Base) with Inflation: Registration Fee/Yr: State Use Tax/Yr: Property Tax/Yr Brokerage Fee: Financial Data: Inflation .000 265.Purchase: Purchase Price State Sales Tax/VAT Training/Spares/Other Refurb/Modification Trade-in Total Acquisition Method: Purchase Depreciation Method: Straightline Term (Years) Residual Value (%) 30 15 20 400 1. not a guarantee of future results.000 13.19% 10.conklindd.500 45.Parts Desired ROI Corp Tax Rate Capital Gains Tax Fuel Consumption (Gallon) Other Variable Cost ATC & Navigation Fees Landing & Parking Fees Crew Expenses Small Supplies/Catering Hangar Cost $ $ - $ - $ 265.300 Nav & Weather Service Other Fixed Cost Insurance: Hull (% of Insured Value) Insurance: Liability Modernization Refurbishing Cost Computer Maint Mgmt System $ $ $ $ $ Copyright 2012.com The information in this report is an estimate only.00 $ 265.General Inflation .00% 4.950 3.