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efta-efta01851085DOJ Data Set 10CorrespondenceEFTA Document EFTA01851085
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EFTA DisclosureText extracted via OCR from the original document. May contain errors from the scanning process.
To:
"
[email protected]]
From:
Sent:
Wed 12/28/2011 2:40:33 AM
Subject GIV
Jeffrey,
Don Bass called me and shared some info on the GIV,.
-Aircraft was originally offered at BM when it first came on market,. 4 months
ago,
-Don made offer 30 days ago for another client, at 5.9 - 6M he said„ at that
time the plane's ask price was lowered to 6.9M
-Don didn't think you would be interested in a plane 25 years old, that's why he
did mention the aircraft to us,.
-Don never sent a representative to see the GIV in person, he didn't know the
wood was new in 2007, and cockpit shows to wear.
-Don concern is low utilization over the past year, and told me he'd prefer an
aircraft to have 6000 to 7000 hours total time compared to 3500 hours, (that
makes no sense to me). I think he's embarrassed he didn't present this GIV to
you, and he asked me how did I find this plane,. Don wrote the plane off due to
age and never sent a rep to look at in person.
-in 2017 when engines are due next mid life, cost is $600,000 per engine,
-engines where overhauled in 2007 and have 106 flight hours logged,.
-Don is concerned about tail corrosion, (which we could inspect)
-Don is concerned about internal engine corrosion, (borescope would determine
during prebuy).
-i reminded Don the aircraft lived in a hanger in Reno, a Desert state.
I agree that we should consult Sean Lancaster if we proceed.
Should I contact Sean for his opinion?
I will fwd photos later tonight when I return to Ranch,.
Thank you,
Larry
Sent via BlackBerry by AT&T
EFTA_R1_00244549
EFTA01851085
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