EFTA02434741

To: Jeffrey [email protected]; Ivjet©aol com[lvjet@aol cam] From: Sean J. Lancaster Sent Tue 11/3/2009 5:16:00 PM Subject: RE: Subject: Sensitivity: Confidential Larry, thanks for the update on the 727. I agree with you that the STC and SFAR 88 compliance is huge in terms of our ability to move the aircraft. We do continued to get calls on the aircraft but the question on the fuel tanks is always an issue. Even if we deactivated them people are still confused by the FAA rules and shy away. I think the aircraft can be sold even in this market but pricing is an issue, We are offering the aircraft for $10.0 million right now and we need to reintroduce the aircraft as soon as the STC is complied with. I would like to run a new round of ads when that is done and we might want to review our pricing to $8.5 to $9.0 as the asking price. But in order to do this I need some help on the advertising invoice that I send as my boss will restrict my ability to buy ad's I do want to mention two things: The GV sn 592 is not sold it is back on the market as the buyer needs to trade an aircraft and Leading Edge is hesitant to take the trade. B of A will finance the trade so eventually the deal may go through. Netjets is shutting their BBJ operations this week. They have two 6000 hour aircraft that they are going to sell. Leading Edge is also the broker. I think that these aircraft will likely be sold in the low $40's maybe even in the 30 million dollar range. I am closing watching this situation and will keep you informed as Joc Carfagna called me just last night. EFTA_R1_0 1506532 EFTA02434741 Best regards, Sean J. Lancaster Bristol Associates Inc. direct g+1-202-682-4000 ext 1130 Main Office +-Mobile +1-540-301-0050 FAX 0 www.bristolassociates_com 'Ns message may contain confidential andcw regally 0..,,leged information. If you are not the ,mended recipient of the message. please destroy if. Any unauthonted thsseminetron. distabutton or copying of the matenal rn this message, and any attachments to fhe message. is strictly forbidden, (c) 2009 all rights reserved, EFTA_R1_01506533 EFTA02434742