From the AEGIS e-Journal, Volume 5 Number 1, January 2002
Marquis Private Jet Card Marquis Jet Partners, Inc. http://www.marquisjet.com/ 1-866-538-1400 There are a number of reasons why an organization or an individual might want a plane at their disposal. Unfortunately, planes don’t come in Cracker Jacks boxes. Traditionally, one could buy or lease a plane, or share ownership with a fractional ownership plan. The problem is that buying, leasing, or fractional ownership which begin at a minimum of five-year commitment and ranges anywhere from between $500,000 and $750,000 and up. This is a one-time cost to buy into a five- year contract. Once that money is spent, the client is given access to the plane, and is still charged an hourly rate for flying, monthly maintenance fees and other costs (fuel, plane transfers, etc.). When the contract is expired, the client also is charged a resale fee. For many, particularly when first putting their toe into the general aviation pool, this is a very difficult decision indeed, and one potentially fraught with long-term financial peril. An appealing alternative is the Marquis Private Jet Card. You start by looking over the Marquis fleet (which is actually the NetJets fleet) and decide what kind of plane you are likely to use. Planes include the Falcon 2000, Hawker 800XP, Cessna Citation V Ultra, and Cessna Citation X, so you can carry between 7 and 10 people on a flight. That done, you buy a Private Jet card for somewhere between $109,000 on the smaller jets and $225,000 on the bigger jets. This gives you 25 hours of time on that class of plane. Scheduling is on demand, but you need to give ten hours notice. As you would expect, Marquis is also equipped to handle related travel needs, such as hotels, dinner reservation, and almost anything else you would expect in this circumstance. The benefit of this service is that you have a fixed commitment with full FAR 135 service. Thus, if you were a professional athlete or rock band, and weren’t sure you wanted to make a financial commitment of half a million dollars for a five year period that might extend beyond your career, this would be an excellent option. By the same token, if your company wasn’t sure it wanted to take on the responsibility and cost of running an aviation department, this ÆGIS, January 2002 17 would be a good, limited liability, way to discover if having a jet at your disposal was, in fact, cost effective for the organization. 7. Free-Subscription/Unsubscription/Copyright Information •• ÆGIS e-journal is supported and maintained by voluntary efforts. This publication is owned, published, and copyright © 2002 by The LUBRINCO Group Ltd, Inc. and Financial Examinations and Evaluations, Inc. It is edited jointly by Richard Isaacs (RBIsaacs@lubrinco.com) and L. Burke Files (LBFiles@lubrinco.com). The LUBRINCO Group provides services in three high-threat areas, too specialized to be dealt-with in-house, that can adversely affect domestic and international bottom lines. • Protection of trade secrets and intellectual assets. o Anti-economic espionage. o OPSEC: The identification and protection of information that would give your competitors and adversaries an advantage. • International financial investigations and due diligence consulting. o Location and recovery of missing and hidden assets. o Establishing business relationships and strategic partnerships in Central and Eastern Europe, the offshore financial centers, Beijing and Shanghai, Central Asia, and Latin America and the Caribbean. o Anti-money laundering and financial fraud requirements under the International Money Laundering Abatement and Anti-Terrorist Financing Act of 2002 and the EU Revised Money Laundering Directive of 2002. • Protection of management, staff, and families. o In the high-threat environments of Latin America, Africa, the Mid- East, and Southeast Asia. o When traveling and living overseas. o When transporting items of substantial value. LUBRINCO identifies and quantifies threats and vulnerabilities, and their associated risk, then manages the vulnerabilities so you can transfer or live with the residual risk. We prevent disastrous financial loss to your company, and physical harm to you, your family, and your staff. ÆGIS, January 2002 18 For information on The LUBRINCO Group and its services, or for the archive of all past issues of ÆGIS e-journal in PDF format, please go to http://www.lubrinco.com/. To sign up for a complimentary subscription to ÆGIS e-journal or the ÆGIS e- journal PDF notification list, go to http://lb.bcentral.com/ex/manage/subscriberprefs?customerid=7768 or send an email to ejournal@lubrinco.com. To subscribe to our AvantGo channel, go to http://avantgo.com/channels/_add_channel.pl?cha_id=1773 To be removed from the subscription list, follow the instructions on the mailing you received, or send an e-mail to ejournal@lubrinco.com. If you know of anyone else who should be receiving ÆGIS e-journal, please send their e-mail address to ejournal@lubrinco.com. If there is a topic that you would like to know more about, send it to ejournal@lubrinco.com and the editors will consider it as the topic for an article in an upcoming issue. If you would like to submit an article for publication in ÆGIS e-journal, send it as an attachment to an e-mail to ejournal@lubrinco.com. Submission of an article certifies that (a) all information in the article is in the public record, or (b) that you are authorized to release any personal or corporate proprietary information contained in the article, and (c) that none of the article has previously been copyrighted. The submission of materials for publication in ÆGIS e-journal constitutes a license to The LUBRINCO Group Ltd, Inc., and/or Financial Examinations and Evaluations, Inc, their assigns, associates, or affiliates, to abridge and/or edit said submission, and to copyright and publish/republish any submitted materials in whatever written and/or electronic form they may choose. If you would like to go beyond normal fair-use in reproducing articles from this issue of ÆGIS e-journal, you may do so freely as long as appropriate source, copyright, accreditation, and link to the LUBRINCO website is included. This should be in the form
Article Title, from the January 2002 ÆGIS e-journal (© 2002 LUBRINCO & FEE), to be found at http://www.lubrinco.com/. ÆGIS e-journal is a forum for the exchange of information, ideas, operating styles, theories, and related topics for corporate managers who make ÆGIS, January 2002 19 decisions about threats typically outside the expertise available in-house, yet which have the potential to affect their company’s domestic and international bottom lines. Nothing appearing in ÆGIS e-journal should be construed as legal advice. The information provided is “general information,” not “specific advice.” The solution to any problem is highly dependent upon the precise facts involved. Thus, before making any reliance upon anything said here, you should consult with an appropriately skilled professional. Opinions expressed by contributors are not necessarily endorsed by the publisher, and may be presented to encourage a dialogue among subscribers. The publisher and any re-publisher cannot be held responsible for any loss incurred as a result of the application of any information published in ÆGIS e-journal. Please be safe, and be smart.