Rance Acquisitions, LLC

Rance Acquisitions, LLC Executive Summary for N624N December 2015 Financial Performance Total Costs Fixed Costs Variable Costs Non-Operating Costs Charter/Other Income Net Costs Monthly Actual 269,954 52.071 321,857 YTD Actual $ 2,244,147 1,217.861 -22.065 -312,386 $ 3,127,557 YID Bud et Annual Bud et YTD Actual vs Budget r4 $ 2,244,147 1,217.861 -312,386 $ 3,127,557 Hourly Costs Variable Maintenance Fuel AirCrew Trip Expenses AirCrew Trans. Expenses Aircraft Trip Expenses Variable Discounts 1,186 1,695 1,695 0 975 2,430 0 0 2,430 0 338 405 0 0 405 0 104 99 0 0 99 0 2,919 2,162 2,162 -41 -9 0 0 -9 Total Variable Costs/Flight Hour 5,481 $ 6,781 $ 0 $ 6,781 Operational Performance Utilization Total Hours Flown Charter Hours Flown Leg Count Miles Flown Flight Statistics Stage Length Flight Speed (Transport) MPH Load Factor (Passengers) Fuel Consumed GPH Fuel Added In Gallons Home Base Away from Home Base Price/Gal(Actual Postings) SM Hrs Monthly Actual YTD Actual YTD Budget Annual Budget YTD Actual vs Budget % 9.5 179.6 0.0 0.0 179.6 0 0.0 0.0 0.0 0.0 0.0 0 4 81_ 4,536 83,261 2.4 2.7 478 476 3 3 528 540 3,652 36,108 1,648 63,140 3.54 4.12 EFTA00615426 Statement Summary N624N-Rance Acquisitions, LLC December 2015 Description Actual MTD Plan MTD Var MTD Var% Actual YTD Plan YTD Var YTD Var% Flight Crew Costs 174,336 0 174,336 0 1,116,096 0 1,116,096 0 Hangar Costs 57.623 0 57,623 0 346,482 0 346,482 0 Insurance 0 0 0 0 29,984 0 29,984 0 Fixed Maintenance 27,650 0 27,650 0 627,828 0 627,828 0 Flight Operations 2,417 0 2,417 0 33,571 0 33,571 0 Management Fees 7,929 0 7,929 0 95,148 0 95,148 0 Fixed Discounts 0 0 0 0 -4,963 0 -4,963 0 Total Fixed Costs 269,954 0 269,954 0 2,244,147 0 2,244,147 0 Variable Maintenance 11,268 0 11,268 0 304,412 0 304,412 0 Fuel 9,260 0 9,260 0 436,403 0 436,403 0 AirCrew Trip Expenses 3,213 0 3,213 0 72,672 0 72,672 0 AirCrew Trans. Expenses 983 0 983 0 17,844 0 17,844 0 Aircraft Trip Expenses 27.735 0 27,735 0 388.226 0 388,226 0 Variable Discounts -389 0 -389 0 -1,696 0 -1,696 0 Total Variable Costs 52,071 0 52,071 0 1,217,861 0 1,217,861 0 Purchases & Installation 0 0 0 0 5,228 0 5.228 0 Refurbishment/Overhaul 0 0 0 0 -17,265 0 -17,265 0 Other 161 0 161 0 -10.028 0 -10,028 0 Total Non-Operating Costs 161 0 161 0 -22,065 0 -22,065 0 Total Costs 322,185 0 322,185 0 3,439,942 0 3,439,942 0 Other Income -328 0 -328 0 -312,386 0 -312,386 0 Total Other Income 428 0 -328 0 412,386 0 412,386 0 Net Charges $ 321,857 $ 0 $ 321,857 0 5 3,127,557 $ 0 $ 3,127,557 0 Page 1 of 1 EFTA00615427 Statement Detail N624N-Rance Acquisitions, LLC December 2015 Description Actual MTD Plan MTD Var MID Var% Actual YTD Plan YTD Var YTD Var% Wages $ 58.958 $ 0 $ 58,958 0 $ 635,351 $ 0 $ 635,351 0 Fringe Benefits 13,560 0 13,560 0 146,131 0 146,131 0 Payroll Taxes 4,124 0 4,124 0 41,921 0 41,921 0 Other Compensation 93,900 0 93,900 0 93,900 0 93,900 0 Supplemental Crew - Pilot 0 0 0 0 3.900 0 3,900 0 Supplemental Crew -CSR 0 0 0 0 29,125 0 29,125 0 Physicals 0 0 0 0 730 0 730 0 Employment Costs 0 0 0 0 120 0 120 0 Uniforms 129 0 129 0 3,236 0 3,236 0 Simulator Training 0 0 0 0 165,900 0 165,900 0 Training Discount 0 0 0 0 -48,225 0 -48,225 0 Travel Expense 1,307 0 1,307 0 14,018 0 14,018 0 Training 1,321 0 1,321 0 15,942 0 15,942 0 Other Costs 1,037 0 1,037 0 14,047 0 14,047 0 Total Flight Crew Costs 174,336 0 174,336 0 1,116,096 0 1,116,096 0 Hangar Rent 57,373 0 57,373 0 344,986 0 344,986 0 Office/Storage Rent 249 0 249 0 1,495 0 1,495 0 Total Hangar Costs 57,623 0 57,623 0 346.482 0 346,482 0 Hull Insurance 0 0 0 0 12,683 0 12,683 0 Liability Insurance 0 0 0 0 17,301 0 17,301 0 Total Insurance 0 0 0 0 29,984 0 29,984 0 Maint Management 5,714 0 5,714 0 68,572 0 68,572 0 Airframe Annual Contracts 0 0 0 0 22.237 0 22,237 0 Avionics Annual Contract 295 0 295 0 87.316 0 87,316 0 Engine Annual Contract 19,965 0 19,965 0 255,171 0 255,171 0 Cabin System Annual Contracts 0 0 0 0 1,129 0 1,129 0 Due Items 1,623 0 1,623 0 18,330 0 18,330 0 Mandatory SB' and AD's 0 0 0 0 32,578 0 32.578 0 Airframe Inspection 0 0 0 0 136,270 0 136,270 0 Vest/RafUSurvival Kit Cert 0 0 0 0 5,595 0 5,595 0 Training 50 0 50 0 600 0 600 0 Tool Calibration/Other 3 0 3 0 31 0 31 0 Total Fixed Maintenance 27,650 0 27.650 0 627,828 0 627,828 0 Service Fees 2,417 0 2,417 0 29,065 0 29,085 0 Communications 0 0 0 0 4.486 0 4,486 0 Total Flight Operations 2.417 0 2.417 0 33.571 0 33.571 0 Aircraft Management Fee 7,929 0 7,929 0 95,148 0 95,148 0 Total Management Fees 7,929 0 7,929 0 95.148 0 95,148 0 Other Fixed Discount 0 0 0 0 -4,963 0 -4,963 0 Total Fixed Discounts 0 0 0 0 -4,963 0 -4,963 0 Total Fixed Costs $ 269,954 $ 0 $ 269,954 0 $ 2,244,147 $ 0_$ 2,244,147 0 Page 1 of 3 EFTA00615428 Statement Detail N624N-Rance Acquisitions, LLC December 2015 Description Actual MTD Plan MTD Var MTD Var% Actual YTD Plan YTD Var YID Var% Post Flights /Departure Svc $ 716 $ 0 $ 716 0 $ 19.918 S 0 $ 19,918 ir Airframe Discrepancies 2,294 0 2,294 0 69,706 0 69,706 0 Avionics Discrepancies 0 0 0 0 35,471 0 35,471 0 Engine Discrepancies 0 0 0 0 169 0 169 0 Interior Discrepancies 847 0 847 0 17,945 0 17,945 0 Paint/Exterior Discrepancies 0 0 0 0 2,191 0 2,191 0 Mandatory SB's and AD's 0 0 0 0 59 0 59 0 Airframe Inspections 0 0 0 0 106,260 0 106,260 0 Wheel Overhaul/Tire Changes 2,500 0 2,500 0 4,993 0 4,993 0 APU Service Contract 1,442 0 1,442 0 13,838 0 13,838 0 Aircraft Cleaning 3,412 0 3,412 0 28,294 0 28,294 0 Aircraft Monitoring 0 0 0 0 610 0 610 0 Client Special Request 0 0 0 0 4,557 0 4,557 0 Shipping/Other 0 0 0 0 135 0 135 0 Personnel Support / Uniforms 58 0 58 0 268 0 268 0 Total Variable Maintenance 11,268 0 11,268 0 304,412 0 304,412 0 Fuel 12,782 0 12,782 0 603,243 0 603,243 0 Fuel Discounts -3,522 0 -3,522 0 -166,840 0 -166,840 0 Total Fuel 9.260 0 9,260 0 436,403 0 436,403 0 Meals 812 0 812 0 16,947 0 16,947 0 Hotel 2,338 0 2,338 0 53,084 0 53,084 0 Telephone 14 0 14 0 123 0 123 0 Uniform Cleaning 0 0 0 0 410 0 410 0 Other 35 0 35 0 991 0 991 0 Gratuities 15 0 15 0 1,117 0 1,117 0 Total AirCrew Trip Expenses 3,213 0 3,213 0 72,672 0 72,672 0 Airline Transportation 0 0 0 0 4,602 0 4,602 0 Ground Transportation 983 0 983 0 13,243 0 13,243 0 Total AirCrew Trans. Expenses 983 0 983 0 17,844 0 17.844 0 Cleaning Fee 466 0 466 0 4,463 0 4,463 0 Customs Fee 921 0 921 0 2,759 0 2,759 0 De-Icing Fee 0 0 0 0 488 0 488 0 Flight Phone 9,198 0 9,198 0 129,981 0 129,981 0 Flight Planning 382 0 382 0 1,387 0 1,387 0 Gratuities 473 0 473 0 5,721 0 5,721 0 International Fee - Extemal 0 0 0 0 16 0 16 0 Landing Fee 3,057 0 3,057 0 27,050 0 27,050 0 Messenger Service 0 0 0 0 195 0 195 0 Miscellaneous Expense 0 0 0 0 7,325 0 7,325 0 Over Flight Fee 109 0 109 0 29,257 0 29.257 0 Overnight Hangar Fee 0 0 0 0 3,832 0 3,832 0 Parking Fee 1,810 0 1,810 0 12,728 0 12,728 0 Ramp Fee 0 0 0 0 2,256 0 2.256 0 Service Fee 0 0 0 0 10 0 10 0 Catering 2,157 0 2,157 0 48,109 0 48,109 0 Ground Handling 8,597 0 8,597 0 100,451 0 100,451 0 Cabin Supplies 566 0 566 0 12,198 0 12,198 0 Total Aircraft Trip Expenses 27.735 0 27,735 0 388,226 0 388,226 0 Other Variable Discount -389 0 489 0 -1,696 0 -1,696 0 Total Variable Discounts -389 0 -389 0 -1,696 0 -1,696 0 Total Variable Costs $ 52,071 $ 0 $ 52,071 0 $ 1,217,861 $ 0 $ 1,217,861 0 Page 2 of 3 EFTA00615429 Statement Detail N624N-Rance Acquisitions, LLC December 2015 Description Actual MTD Plan MTD Var MTD Var% Actual YTD Plan YID Var YTD Var% Airframe $ 0 $ 0 $ 0 0 $ 5,228 $ 0 $ 5.228 0 Total Purchases 8 Installation 0 0 0 0 5.228 0 5,228 0 Insurance Claims 0 0 0 0 -17,265 0 -17,265 0 Total Refurbishment/Overhaul 0 0 0 0 -17,265 _0 -17,265 0 Client Ground Transportation 161 0 161 0 7,966 0 7,966 0 Miscellaneous Expense 0 0 0 0 -16,743 0 -16,743 0 PYC - Fuel 0 0 0 0 -562 0 -562 0 PYC - Maintenance 0 0 0 0 -690 0 -690 0 Total Other 161 0 161 0 -10,028 0 -10,028 0 Total Non-Operating Costs $ 161 $ 0 $ 161 0 $ -22,065 $ 0 $ -22,065 0 Total Costs $ 322,185 $ 0 $ 322,185 0 $ 3,439,942 $ 0 $ 3,439,942 0 Charter Income 0 0 0 0 -300,341 0 -300,341 0 Supplemental Crew Income 0 0 0 0 -6.000 0 -6,000 0 Fuel Tax Refund -328 0 -328 0 -6,044 0 -6,044 0 Total Other Income -328 0 -328 0 -312,386 0 -312,386 0 Total Other Income $ -328 $ 0 $ -328 0 $ -312,386 $ 0 $ -312,386 0 Net Charges $ 321,857 $ 0 $ 321,857 0 $ 3,127,557 $ 0 $ 3,127,557 0 Page 3 of 3 EFTA00615430