May. 9, 2009
Jones Motorcars
Proposal
Falcon 20 Joint Ownership
Jones Motorcars proposes to sell, true joint ownership blocks in a Falcon 20 as defined by the FAA under FAR Part 91:501 and under the IRS rules of Private Aircraft Ownership. Each ownership *block represents 50 hours of flight time usage annually. Each Joint Owner’s name will appear on the FAA aircraft registration along with Jones Motorcars, who will retain an interest in the aircraft. An individual or company may acquire as many blocks in the aircraft as necessary to meet his or her annual requirements. No more than 400 hours per year, will be used, in order to protect aircraft availability for each Joint Owner.
The aircraft is operated under a management company, Flying Investments. Joint Owners receive only one monthly statement from the management company; which includes all the monthly fixed cost, the total variable cost (hourly), plus fuel, and expenses away from base. One phone call to the management company is all it takes to schedule a flight along with any special needs such as in-flight catering or destination ground transportation, making Joint Ownership a carefree experience. Fuel contracts enable the purchase of fuel for the aircraft, at a substantial discount that is passed on to each owner.
The Falcon 20 is a mid size corporate jet, making this one of the very best corporate transportation opportunities available in the USA today. Nothing could be simpler or more cost effective than Joint Ownership of this elegant pioneering design.
· A Joint Owner exceeding the hours allotted to him by more than 15% would be expected to purchase an additional block of the aircraft
· 30 day end of year roll over on hours allowed
· This is not a Fractional Ownership Program
* Block hours are an accounting term for aircraft cost control