This year, there is a tremendous tax advantage for the acquisition of an aircraft, through the economic stimulus plan, better known as Bonus or Accelerated Depreciation.  Please refer to www.advocatetax.com for more details on this program.  With this in mind, some of you may feel more inclined to purchase 100% interest in this or another aircraft, which we will be able to accommodate each of you in doing.  Obviously you cannot all own 100% of this aircraft, but we are involved in an extensive network of aircraft dealers which enables us to locate similar aircraft to fit each individuals needs.  It is important to note that in order to qualify, the aircraft you purchase must be placed into service in 2008.

With that said, please refer to the program details below, which will outline the basic details of the shared ownership program.

Skyline Aviation currently owns 100% of the aircraft, and will sell shares to each of you who are interested in 25% increments.  Therefore, this program is limited to the first 4 parties who elect to purchase.  You may purchase 25%, 50%, 75% or the entire 100% as well, which is a further limiting factor to other participants.  These shares are transferable, so you can sell them at any time to another party.  This program is much cheaper than charter.

• Each 25% interest entitles the owner to utilize the aircraft up to 100 hours per year.
• Each 25% share is $70,000 for the initial acquisition
• Each 25% share pays $1800 per month management fee, which covers insurance, hangar, cleaning, management, and pilot.
• Each 25% share will pay all expenses directly relating to each flight they participate in, including fuel, oil, landing fees, etc.
• All owners will equally share all maintenance expenses
• All owners will equally share in the expense of upgrades, including paint, interior, and avionics, as needed (Upgrades are also deductible under the above tax plan in 2008)

This is a great opportunity for each of you to own a cabin class twin engine airplane for a fraction of the normal cost, with the pilot and management responsibilities removed.  I'm sure you will all have some questions, so please address them to me at blake.gossett@gmail.com, or give me a call at 432-934-4369 and I will be happy to discuss the program with you.  I look forward to personally working with each of you on this or any other aircraft needs that you may have.

Thank you,

Blake Gossett