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Freestream Difference IINNTTRROODDUUCCTTIIOONN TTOO SSEERRVVIICCEESS Freestream Difference “It is abundantly clear that without your expertise and guidance, the project objectives most assuredly would not have been achieved. I personally appreciate the flexibility and willingness of Freestream Aircraft to guide and direct us through our complex project.” – David L. Murphy, Former Vice President of Ford Motor Company About Us Ownership History Founded in 1992, Freestream Aircraft is an experienced, global business jet sales company comprised of a team of aviation professionals dedicated to serving their clients 24/7. Both Freestream Aircraft USA Ltd and Freestream Aircraft Limited are privately held companies in good standing incorporated in New Jersey, USA and the United Kingdom respectively. Freestream has been approved by Credit Suisse, Royal Bank of Scotland, UBS, Bank of America and Citibank. Global Reach: With offices in New York, Mexico, London, Moscow, Hong Kong and Bermuda, Freestream provides its clients with up-to-date information on current industry trends and all facets of the acquisition and sales process, including worldwide inventory, outstanding offers as well as direct mail and related marketing activities. Condor Aviation, established in 2011 by founder and Managing Director Valeriu Harcovei, is an aviation company based in Romania which specializes in the remarketing of corporate aircraft. Freestream is pleased to partner with Mr. Harcovei as we work together to strengthen our remarketing efforts and provide exceptional service to aviation clients based in the region of the Commonwealth of Independent States and Eastern European countries. Communication Weekly Update: Freestream’s exclusive marketing arrangement differs from our competitors in that we provide weekly letters detailing the current market conditions, competing aircraft listed, recent transactions, marketing and advertising efforts and a list of prospects who have inquired regarding your airplane. International Reach: Freestream’s global reach is the result of over 7 decades of combined international experience. In order to complete a high retail transaction, Freestream uses its offices and tightly networked contacts in the UK, China, New Delhi, Russia and Mexico to locate the best buyer for your airplane. Our staff is fluent in seven (7) languages. So whether your next transaction is an upgrade or an acquisition, Freestream has the staff and expertise to meet your needs. Accessibility: We follow a 24/7 Rule. Accessibility is key for prospective buyers. We understand they do not selectively work from 9 am to 5 pm Monday through Friday. A Freestream Sales Team member answers our telephone number 201.820.1920 in the US, 24 hours a day, 7 days a week and Mr. Harcovei can be reached at +40 722 677 312. FREESTREAM AIRCRAFT USA LTD New York CONDOR AVIATION S.R.L. Romania 201.820.1920 [email protected] +40 722.677.312 [email protected] “I want to place on record our satisfaction with the service you have provided to us. Not only were you able, where others had failed, to identify a suitable aircraft in a very tight market, not least by encompassing in your search operators not normally considered as being in the lease market, but you also found us an example perfectly suited to our needs.” – Mr. Brian Humphries, Former CEO, Shell Aircraft Limited Marketing Approach Presentation Package: Freestream will prepare a specification sheet that highlights the strengths of the airplane relative to the rest of the marketplace. Freestream will provide specifications, floor plan, maintenance information, pictures and a sample LOI to interested parties. Advertising Commitment: Freestream will advertise your airplane, as applicable, in the following publications: Amstat Broker Net Controller Jetnet Aviation International News Business Air Today Executive Controller World Aircraft Sales In addition to print media, Freestream advertises on the following websites: www.avbuyer.com, www.controller.com, www.freestream.com, www.globalair.com, www.speednews.com Direct Mailing: Freestream will identify the candidates best targeted to receive the information for your airplane. Our in-house designer selects the most turnkey attributes of your airplane to reflect upon its excellent pedigree including photo selection and custom ad design for a polished presentation. Direct mail letters with specifications and pictures are sent to owners and operators of all potential upgrade possibilities. With your prior permission, direct calls, mail and brochures will be sent to all procurement agencies for governments throughout the world. A one page brief specification is sent to all Part 135 Charter Operators. Telephone Marketing: Freestream firmly believes that our 300 per day outgoing calls distinguishes us from any other company. Our team markets your airplane by explaining the attributes through a one-on-one basis. Transaction Approach Client Feedback: Freestream will immediately communicate any written offers for the airplane and provide a counter agreement as it pertains to price and terms. Freestream will provide a weekly letter summarizing marketing efforts, responses and a market update. All offers will be presented in writing. Each will include a deposit and date of closing. Freestream will assist you in determining which offer best suits a timely transaction with the least exposure. Freestream is capable of purchasing the airplane at the end of the term specified in the Aircraft Marketing Agreement should the client decide to divest at this point rather than renew the term. FREESTREAM AIRCRAFT USA LTD New York CONDOR AVIATION S.R.L. Romania 201.820.1920 [email protected] +40 722.677.312 [email protected] “Over the last 3 years, we have employed Freestream Aircraft Limited as our exclusive broker in three separate aircraft transactions. We have sold one Gulfstream IV, one Global Express, and we purchased a G-550. The Freestream team acts as a consummate business partner who strongly advocates for their clients. They are without equals in this area and I have known many in my 30 years within corporate aviation. In all of our transactions I firmly believe we were the decided winner in every negotiation. If in the future Zeno were to purchase or sell an aircraft, we would only use Freestream Aircraft Ltd.” – Craig Johnson, VP/Senior Director Aviation, Zeno Air, Inc. Wm. Wrigley Jr. Company Acquisition Services Identify: Provide a detailed review of the aircraft market on a bi-weekly basis. Contact all aircraft owners to seek out other potential aircraft not currently for sale on the open market. Screen: Full specifications, photographs, maintenance information and interior layout will be presented upon receipt of complete information for your perusal in print and via e-mail for the two (2) best values on the market. Logbook review and visual inspection to be completed at the home base of each aircraft. Inspections to be completed by John Shrout, Paul Sauer, Lawrence Fletcher, Terry Selman or a mutually agreeable Private Inspector. A written report shall be provided detailing additional costs to upgrade the aircraft and digital pictures depicting interior details will be provided within 24 hours of inspection. Deposit: Escrow account opened with Kirk Woford or Joan Roberts at Insured Aircraft Title Services, Inc. LOI: Offers to Purchase and subsequent Counter-Offers or Letters of Intent drafted (with an aviation specific attorney at your discretion) and subsequently submitted to the Seller on your behalf. Inspect: Pre-Buy Inspection slot will be secured with a Factory Authorized Service Center. Pre-Purchase Inspection attended by mutually agreeable Freestream Aircraft USA Ltd. representative or certified maintenance technician. Structure: Protecting you and your company’s exposure and net worth while complying with IRS and FAA regulations is considered when determining the what, where, and how the entity takes title to the airplane. Whether the aircraft is operated Part 91 (private) or Part 135 (commercial) and where the aircraft is physically based drives the decision making process at this point. We will act as a guide and direct you to the appropriate counsel if it is required to set up the correct form of ownership. Close: All closing documentation for the FAA, EASA and Escrow prepared and submitted on your behalf. All pertinent licensing and service contracts will be transferred to your account. Aircraft closing to be attended by Freestream Aircraft USA Ltd. FREESTREAM AIRCRAFT USA LTD New York CONDOR AVIATION S.R.L. Romania 201.820.1920 [email protected] +40 722.677.312 [email protected] “Our Gulfstream IV aircraft was on the market for several months. During that time, Freestream maintained a patient, deliberate and professional approach in their efforts to sell the aircraft. We have always been very impressed with their intimate knowledge of the aircraft market and their ability to deliver on their commitments. This is the second successful transaction completed by Freestream on behalf of our organization. We look forward to continuing our excellent relationship with their team.” – George A. Keches, President and Chief Operating Officer UNICCO Service Company Contracting and Documentation Paperwork: Freestream’s team of highly experienced and uniquely qualified consultants, along with a team of NBAA tax committee attorneys, will handle all phases of the contract negotiations and closing
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