Case File
efta-02515704DOJ Data Set 11OtherEFTA02515704
Date
Unknown
Source
DOJ Data Set 11
Reference
efta-02515704
Pages
3
Persons
0
Integrity
Extracted Text (OCR)
EFTA DisclosureText extracted via OCR from the original document. May contain errors from the scanning process.
From:
Richard Joslin
Sent:
Wednesday, January 7, 2015 7:20 PM
To:
Jeffrey E.
Subject:
FW: BBJ SN 30751 Offer
Original Message
From: Jon P. Conlon
Sent: Wednesday, Ja
To: Richard Joslin
Subject: RE: Bel SN 30751 Offer
Richard,
Thanks for your patience. The seller was away on travels and it took us som= time to reach back out to him. While we
acknowledge that a recent sale oc=urred below $30MM (Steve Wynn's BBJ) our BBJ had less total time (about 50=
hours) and a much newer and modern interior. In 2011 the seller invested =ell over $2MM into the interior with new
soft goods and a brand new cabin =ntertainment system. Mr. Wynn's BBJ had an interior dating back to 2007 th=t looks
heavily dated now. Also in Wynn's case, the quick sale at below $3=M was in part tied to the deal on his replacement
G650 which created a gre=ter motivation to move the BBJ. Prior to the G650 deal Wynn turned down se=eral similar
offers last summer.
We've given the seller our own internal data points for two recent sales (W=nn's BBJ) as well as our own recent sale of
Occidental Petroleum's BBJ whi=h we sold in May at just above $30M. That aircraft had slightly less time =han 30751 but
also had a very dated (original interior).
While there is certainly justification that 30751 should trade lower than t=eir current counter of $33M I think the
interior work performed and the su=erior quality of interior need to be taken into account.
We are in active discussions with the seller at present over recent data po=nts and if there is any change on their end I
will notify you.
As stated previously we appreciate your offer and patience.
Kind Regards,
Jon P. Conlon
Senior Market Analyst
Dulles International Airport
23411 Autopilot Drive
Dulles Virginia 20166
EFTA_R1_01650128
EFTA02515704
Original Message
From: Richard Josli
Sent: Tuesday, December 30, 2014 12:03 PM
To: Jon P. Conlon; Bryan Dunnigan
Subject: RE: BBJ SN 30751 Offer
Jon/ Bryan:
In a previous communication, I indicated that he market was under $30MM and=cited recent activity in support. I do
not wish to waste each other's tim= nor engage in a protracted negotiation that ends up going nowhere. If you= client is
not a real seller, that is fine. If that is incorrect, I would=suggest a more serious counter offer. Otherwise, we will
discontinue to =ngage.
RJ
Richard Joslin
CFO
Elysium Management LLC
445 Park Ave
Ste. 1401
Original Messa
From: Jon P. Conlo
Sent: Monday, December 29, 2014 11:24 AM
To: Richard Joslin
Cc: Bryan Dunnigan
Subject: BBJ SN 30751 Offer
Mr. Joslin,
On behalf of our seller, we thank you for submitting an offer on our BBJ SN=30751. The seller has reviewed your offer
and has authorized us to present=a counter offer at $33,000,000.
If this counter offer is acceptable we can engage our attorney's and begin =rafting a purchase agreement.
We look forward to your feedback.
2
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EFTA02515705
Kind Regards,
Jon P. Conlon
Senior Market Analyst
(Avjetj
Dulles International Airport
23800 Wind Sock Drive, Suite 250
www.avjet.com<http://www.avjet.com/>
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