Aircraft Co-ownership

Overview

In September 1997, Metrojet Ltd. launched its first Aircraft Co-ownership Program.

Unlike the increasingly popular "fractional ownership" programs in the U.S., Metrojet's co-ownership program is designed for individuals and companies in Asia where resources are currently insufficient and ferry times too long to guarantee an aircraft in short order.

Rather, our program best suits those who cannot justify the purchase of an entire aircraft but require frequent use of a business jet and are willing to share the aircraft with other owners. Metrojet manages the aircraft to ensure that owners have access to their aircraft when they need it and for substantially less than the cost of owning and maintaining an entire aircraft.

The program was launched with a completely refurbished Hawker 700B in February 1999 and in February 2003 introduced a new Gulfstream G200, while a second G200 was added in September 2004. This program, the first of its kind in Hong Kong, enables owners to enjoy the benefits of aircraft ownership in proportion to their usage and budgetary requirements.

The acquisition cost varies but represents the best value and most cost effective way for an owner to have a corporate jet with all the benefits and none of the hassles. This unique opportunity offers substantial benefits to both the Asian business communities.

Benefits

• Ownership benefits at a fraction of the costs. Acquire the share size that meets your travel needs.
• Convenience of business aviation.
• No management, maintenance, operations or employee responsibilities.
• Costs budgeted and predictable.
• Capital equipment depreciation and tax advantages.
• Professional and safe services. Unique expertise in flight operations throughout Asia.
• Savings over full ownership.
• Choose your destination, decide on your schedule, and we will make all the arrangements for your flights.
  

General Terms

• 5 Year Program.
• A Monthly Management Fee covers all fixed operating costs: crew, training, insurance, maintenance and aviation communication.
• Hourly Variable Costs cover fuel, maintenance, engine reserves and catering.
• Commitment for minimum utilization: 200 hours for a Third share.