For sale operating business in the UAE

Facts

Object Description

The company owns and leases 3 cargo aircraft.The value of the business is $10 000000.Assets - 3 Airbus A-300Term of the lease agreement - 5 years with possibility of prolongationRent without taking into account idle time per year - USD 3. 744.000Years of production: 1981, 1984 and 1983.The planes undergo all routine maintenance works in due time.The aircraft are approved by DHL for the transportation of its cargo.S-Check aircraft maintenance, engine and landing gear replacement costs are paid by the Company and the lessee 50/50.The Company only pays for insurance on its ownAverage annual profitability is about 15.8% per annumAverage planned profitability for 2019-2021 is 22.4% per annum, excluding downtime for scheduled repairsIn accordance with our rental business model, the majority of the Company's expenses were incurred during the first 2 years of the lease, while the majority of our profits are generated in the remaining 2-3 years.Thus, we have already replaced most of our engines and made all the first C-Checks.The tenant assures us that the lease agreements will be renewed for the next period, as the aircraft are approved by DHL for their transportation.

 

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