12 Steps to Takeoff

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Find one to three other like-minded individuals near you who also wish to share a private jet (or allow AeroOne match you with others).

Select either a Learjet 35 or Learjet 60 and preferred airport home location.

Choose either quarter share (100 hours/year), third share (150 hours/year) or half share (200 hours/year) co-ownership program.

Sign a Letter of Intent with AeroOne and pay a 5 percent refundable deposit to be held in Escrow pending completion of purchase and sale with AeroOne.

Aircraft is sourced on the resale market.

Sign fulsome agreement of purchase and sale and co-ownership agreement (“Agreements”) and pay further 35 percent of purchase price to be held in Escrow and governed by the Agreement.

AeroOne completes pre-buy inspection and initial purchase of aircraft along with the refurbishment of same in accordance with agreed upon specifications.

Further 20 percent of purchase price paid into Escrow.

AeroOne selects home hangar at a location chosen by the co-owners.

Jet Logistics hires and trains a three-pilot crew (two captains and one first officer) to be dedicated to the co-ownership and based near your home location.

Aircraft transaction is completed with the co-ownership paying the final purchase price instalment of 40 percent and aircraft delivered to the co-owners in fully refurbished state. Jet Logistics management agreement signed.

You are on your way.

Step 1.

Partner with 1 to 3 like-minded individuals near you who also wish to share own a private jet (or allow AeroOne™ to match you with others).

Step 2.

Select either a Learjet 35A or Learjet 60 and preferred airport home location.

Step 3.

Choose either 1/4 Share (100 hrs/yr), 1/3 Share (150 hrs/yr) or 1/2 Share (200 hrs/yr) co-ownership program.

Step 4.

Sign Letter of Intent with AeroOne and pay a 5% refundable deposit to be held in escrow pending completion of purchase and sale with AeroOne™.

Step 5.

Aircraft of choice is sourced on the resale market.

Step 6.

Sign fulsome agreement of purchase & co-ownership agreement. Pay 35% of purchase price to be held in Escrow and governed by the Agreements.

Step 7.

AeroOne™ completes pre-purchase inspection and initial purchase of aircraft along with refurbishment in accordance with agreed upon specifications.

Step 8.

20% of purchase price paid into Escrow.

Step 9.

AeroOne™ selects home hangar at a location chosen by the co-owners.

Step 10.

Jet Logistics hires and trains a 3-pilot crew (2 captains and 1 first officer) to be dedicated to the co-ownership and based near your home airport.

Step 11.

Aircraft transaction os completed with remaining 40% paid. Fully refurbished aircraft is delivered to co-owners. Let Logistics agreement is signed.

Step 12.

You are on your way.

Aircraft shall be US. Registered, both Part 91 and 135 Compliant (charter capable), legal to fly anywhere in North America, Mexico, Caribbean, Central America and South America.
Aircraft to be managed by Jet Logistics--IS-BAO Registered Stage 3, CARB (US Military approval) approved, and CAMTS audited. Jet Logistics holds the exclusive organ transport contract for Indiana Donor Network, and multiple Medivac contracts with many of the most prestigious medical providers in the US. Jet Logistics pilots have the highest levels of flight training, some with military backgrounds. (I trust them with my life.). Jet Logistics has more than 20 years of experience operating and maintaining Learjet 25/35/36/55 aircraft and more.
Pricing contained herein assumes 400 hours total co-ownership utilization annually (100 hours each co-owner assuming quarter shares) and is all inclusive and on the conservative side (meaning it won’t be more than stated).
Aero One will guarantee the fixed and variable costs for the first 12 months of ownership.
Funds that are paid towards monthly fixed maintenance and hourly utilization go into a trust account held by Jet Logistics in favour of the co-ownership to be distributed pursuant to the terms of the Co-ownership Agreement and Management Agreement.
Legal structure is LLC ownership with co-ownership agreement and management/charter agreement with Jet Logistics. This arrangement assumes all four owners are US citizens.
Individual owners may sell their capital interest in the aircraft in accordance with co-ownership agreement. Each co-owner has usual ownership rights.
Co-Owners will have a dedicated crew of two pilots in command (PIC) and one second in command (SIC). They will be your full-time, dedicated crew, resident near the hangar location of the aircraft and available 24/7, 365 days a year. They will be fully vetted by Jet Logistics. They will look after you. You will have the benefit of Jet Logistics in-house experience “logistics” team that will look after all of your travel needs from hotels, cars, whatever you want. Ancillary expenses such as catering, hotel accommodations and car rentals will be billed to you separately at the end of each month.
Purchase funds controlled by Escrow agent for your protection.
Closing process is:
- Letter of Intent:
- Fulsome Agreement:
- Co-Ownership Agreement, Legal structure implemented in consultation with your advisors, Jet Logistics Agreements;
- Aircraft acquisition, completion (maintenance, interior and paint) all arranged by Aero One; and
- Final closing and possession.
Aircraft purchase price is made in accordance with payment schedule set out below.
Terms: