<table><tr><th>From:</th><th>Lvjet</th></tr><tr><td>Sent:</td><td>Wednes ay, cto er , 2013 10:13 PM</td></tr><tr><td>To:</td><td>jeevacation@gmail.com</td></tr><tr><td>Subject:</td><td>8727</td></tr></table>

Jeffrey, how does this email to the Sultan look? can you insert corrections=please? I will send after you approve. thx, Larry

Dear Sultan,

in response to operational cost, Pleas see my comments in BLUE ink to =our original email.

I have compiled actual cost to address these numbers that were =resented to you,. many of these numbers are inflated. I have attached the&=bsp;actual cost of the #2 engine corrosion inspection for your review= Price for #2 engine was $237,000.00 and will not be due until 2021now, i=s a 8 year inspection on this engine. Engines #1and #3 are due every 9 years, and come due 2014, next year.=l have included a verbal quote received today from Atlantic Gas Turbines i= Miami, price for #1and #3 engines is $118,500 per engine, howe=er that does not include possible repair of LLP turbine disc that may requ=re additional replacement, "IF" needed price per engine is budged at =225k to MAX of $300k for each engine total, see email below: NOT the=$1M per engine your email states below:

Engines #1and #3 are verbally quoted in this email from today:

From:
Date: October 9, 2013, 5:30:50 PM EDT
To
Subject: 219 Engines: Repair Estimate<=b>

Hi Larry=

I discussed with Atlantic Gas Turbine Corp today =he two 219 engines that will require ASB 6435 HPC Corrosion Inspection

and Hot Section Inspection of exposed combustion =ardware.

They verbally indicated a fixed price to accompli=h

ASB 6435/ AD HPC Corrosion Inspection HSI Inspection Test/ Fuel and Oil all Build Up ( 100% expendables) parts Strip/ Repair and Recoat of HPC Disks Return engine to service. Preserve Long Term

Pricing was quoted at $118,500.00 per engine.

LLP Replacement will be considered Over and Above=this pricing as will any other requirements to the engine due =o exposure for ASB 6435.

With replacement of LLPs and possibly requirement= to the Ni Compressor/ Fan Section due to condition

a good budgetary estimate for Repair of the engin=s would be in the range of $ 225K to $300K per engine.

AGTC can provide a written quotation at your=request.

Thanks

Michael Maier

A dry lease is a leasing arrangement whereby an aircraft financing =ntity, such as GECAS and ILFC (lessor), provides an aircraft without insurance, crew, ground =taff, supporting equipment, maintenance, etc.) then you would pay a fixed =ost for the "lease" of the aircraft and then be responsibl= for all other direct operating costs plus maintenance.

I have attached a breakdo=n of what the fixed costs are estimated to be. As you will see this is app=ox. $1,220,651 per year.

The more hours you fly th=n your hourly cost comes down. However, for example, x2 =f the engines are due AD 2003-16-05, this involves a complete engine strip=down, and I estimate this will cost approx. $1mill per engine as well as =months down time.

There is mention of Crew Training at a cost of $99,=00.00 per year, I use FAA approved PanAM Flight
academy in Miami trai=ing my pilots for $6,500 for TOTAL for all three crew member,.
FUEL Pricin=:
I have atta=hed quote.
Insurance cost for 2013=was $125,000

BOEING VIP SUPER 727

ESTIM=TED VARIABLE COSTS PER HOUR

## Corporate

Fuel (1)
$11,623.50
Fuel Additives
0.00
Maintenance Labor (2)
427.50
Parts Airframe/Eng/Avion (3)
197.43
Engine Restoration (4)
627.06
Thrust Reverser Allowanceaspan>
12.54
Propeller Allowance=/div> 0.00
APU Allowance
68.97
Major Periodic Maintenance=/span>
0.00
216.21

- Crew Expenses 0???P??? ??1n^e"??转??fh__?|e[i?k??? ?? {Q?????}r???Q?^2J+? 4
???d???t1t\??3g?d????Q#?V?????__m??? >?M?`! !![[?1????'?|5INI"m~<4?E???+ ?Pu
| -k0-> &?Q?^8y?}ZYc??? ???mYD???Y W | 'c?P????-5?*?+?+?z?|+???????????ZS-
?5?9>??qt??(<??)m|?????^?I?O?|??q g?^

## Corporate (cont.)

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