EFTA01955558

To: Richard Kahn From: Jeffrey Epstei Sent Wed 9/18/2013 8:37:33 PM Subject Re: Gil Update lets try to sell it Ivjet On Wed, Sep 18, 2013 at 3:42 PM, Richard Kahn a wrote: Attached is email from Gary our broker on GIIB potential buyer Pursuant to Engines we have identified the following engines (all located in CA) to purchase: a) ESN 8965 cal due 10/1/2014 - $115,000 b) ESN 8994 cal due 3/1/2015 - $115,000 c) ESN 8914 cal due 10/1/2015 - $140,000 d) ESN 8964 cal due 10/31/2015 - $145,000 e) ESN 8949 cal due 10/1/2017 - $230,000 Estimated costs associated with engine install if we purchase any of above engines are as follows: shipping new and old engines 17,000 engine remove and replace 43,000 mist unknowns 5,000 total estimated additional install costs 65,000 (big unknown will be how many isolators need to be replaced) Other factors to consider for sale of GIIB vs purchase of new engine are as follows: a) Annual Fixed Cost for GIIB is 100,000 (insurance 40k, training 30k & parking 30k) Please note that this does not include Maintenance which is our big variable b) October 2014 - 24 month maintenance due estimated at 100,000 c) July 2015 - other GIIB engine purchased calendars out d) December 2015 - Stage 2 Ban will require hush kits at estimated cost of 750,000 attached are links provided by Lany which talk about stage 3 and hush kits http://www.qtacrospace.com/noise report.htm http://www,ainonline.com/aviation-news/aviation-international-news/2013-08-04/faa-stage-2- noise-ban-rule-bars-older-jets-us e) Gary commission on sale of GIIB will be 40,000 f) Per LV we can park GUS in Milville, NJ (Dallas Airmotive facility) and they are also capable of doing engine r&r so plane will hot have to move once we make our decision Please advise on how to proceed with sale of GIIB vs purchase of engines Richard Kahn EFTA_R1_00425764 EFTA01955558 HBRK Associates Inc. 575 Lexington Avenue, 4th Floor, New York, New York 10022 tel fa cell Begin forwarded message: From: Gary Anzalone Date: September 18, 2013 2:33:25 PM EDT To: Cc: Rich Kahn Subject: Re: RR spey Larry, I just met with the GIIB buyer. They are very interested in the Aircraft, but they are not where we want them on the numbers. They are looking at GIII sn 300 which is stage III compliant, and they are also still trying to unload the part-out trade. I will continue to work them, and a couple other prospects, but I also believe that we need to run a price reduction ad. $799k is too high in consideration of the pending engine, and it is actually too high with one of the replacement engines. We should really be running ads at $499K as-is. We are better off to advertise aggressively and then offer smaller concessions. If we are priced to high we are not going to get the calls! What do you think? Gary Anzalone - Managing Partner Equus Global Aviation, LLC (M) (0) On Wed, Sep 18, 2013 at 4:29 PM, wrote: Gary said he is still working the buyer, Gary is there an offer as is before we purchase this engine? Pls copy Richard Kahn CFO on this email. Need update today EFTA_R1_00425765 EFTA01955559 Thx Larry Sent via BlackBerry by AT&T From: Richard Kahn Date: Tue, 17 Sep 2013 14:43:12 -0400 To: Subrill.ey i hope to reach out to him later today or tomorrow any word on GII 400k+ offer? Richard Kahn HBRK Associates Inc. 575 Lexington Avenue, 4th Floor, New York, New York 10022 tel fa cell On Sep 17, 2013, at 1:46 PM He's pushy Sent via BlackBerry by AT&T wrote: From: "Norm Hill" <IMI=M it Date: Tue. 17 Se 2013 10:39:38 -0700 To: Subject: RR spey At this low price for ESN 8994, you should make a deposit, because it is getting a lot of interest now. How are you doing on your end? Thanks Larry, Norm <image003.jpg> 5999 Curtis P1 IIII/ , CA 93505 Office Cell Fax EFTA_R1_00425766 EFTA01955560 ************* The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any pan thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jecvacation@gmail,com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00425767 EFTA01955561