EFTA00615426.pdf

Rance Acquisitions, LLC Executive Summary for N624N December 2015 Financial Performance Monthly YTD YID Annual YTD Actual vs Budget Total Costs Actual Actual Bud et Bud et r4 Fixed Costs 269,954 $ 2,244,147 $ 2,244,147 Variable Costs 52.071 1,217.861 1,217.861 Non-Operating Costs -22.065 Charter/Other Income -312,386 -312,386 Net Costs 321,857 $ 3,127,557 $ 3,127,557 Hourly Costs Variable Maintenance 1,186 1,695 1,695 0 Fuel 975 2,430 0 0 2,430 0 AirCrew Trip Expenses 338 405 0 0 405 0 AirCrew Trans. Expenses 104 99 0 0 99 0 Aircraft Trip Expenses 2,919 2,162 2,162 Variable Discounts -41 -9 0 0 -9 Total Variable Costs/Flight Hour 5,481 $ 6,781 $ 0 $ 6,781 Operational Performance Monthly YTD YTD Annual YTD Actual vs Budget Utilization Actual Actual Budget Budget % Total Hours Flown 9.5 179.6 0.0 0.0 179.6 0 Charter Hours Flown 0.0 0.0 0.0 0.0 0.0 0 Leg Count 4 81_ Miles Flown SM 4,536 83,261 Flight Statistics Stage Length Hrs 2.4 2.7 Flight Speed (Transport) MPH 478 476 Load Factor (Passengers) 3 3 Fuel Consumed GPH 528 540 Fuel Added In Gallons Home Base 3,652 36,108 Away from Home Base 1,648 63,140 Price/Gal(Actual Postings) 3.54 4.12 EFTA00615426  Statement Summary N624N-Rance Acquisitions, LLC December 2015 Description Actual Plan Var Var% Actual Plan Var Var% MTD MTD MTD YTD YTD YTD Flight Crew Costs 174,336 0 174,336 0 1,116,096 0 1,116,096 0 Hangar Costs 57.623 0 57,623 0 346,482 0 346,482 0 Insurance 0 0 0 0 29,984 0 29,984 0 Fixed Maintenance 27,650 0 27,650 0 627,828 0 627,828 0 Flight Operations 2,417 0 2,417 0 33,571 0 33,571 0 Management Fees 7,929 0 7,929 0 95,148 0 95,148 0 Fixed Discounts 0 0 0 0 -4,963 0 -4,963 0 Total Fixed Costs 269,954 0 269,954 0 2,244,147 0 2,244,147 0 Variable Maintenance 11,268 0 11,268 0 304,412 0 304,412 0 Fuel 9,260 0 9,260 0 436,403 0 436,403 0 AirCrew Trip Expenses 3,213 0 3,213 0 72,672 0 72,672 0 AirCrew Trans. Expenses 983 0 983 0 17,844 0 17,844 0 Aircraft Trip Expenses 27.735 0 27,735 0 388.226 0 388,226 0 Variable Discounts -389 0 -389 0 -1,696 0 -1,696 0 Total Variable Costs 52,071 0 52,071 0 1,217,861 0 1,217,861 0 Purchases & Installation 0 0 0 0 5,228 0 5.228 0 Refurbishment/Overhaul 0 0 0 0 -17,265 0 -17,265 0 Other 161 0 161 0 -10.028 0 -10,028 0 Total Non-Operating Costs 161 0 161 0 -22,065 0 -22,065 0 Total Costs 322,185 0 322,185 0 3,439,942 0 3,439,942 0 Other Income -328 0 -328 0 -312,386 0 -312,386 0 Total Other Income 428 0 -328 0 412,386 0 412,386 0 Net Charges $ 321,857 $ 0 $ 321,857 0 5 3,127,557 $ 0 $ 3,127,557 0 Page 1 of 1 EFTA00615427  Statement Detail N624N-Rance Acquisitions, LLC December 2015 Description Actual Plan Var Var% Actual Plan Var Var% MTD MTD MID YTD YTD YTD Wages $ 58.958 $ 0 $ 58,958 0 $ 635,351 $ 0 $ 635,351 0 Fringe Benefits 13,560 0 13,560 0 146,131 0 146,131 0 Payroll Taxes 4,124 0 4,124 0 41,921 0 41,921 0 Other Compensation 93,900 0 93,900 0 93,900 0 93,900 0 Supplemental Crew - Pilot 0 0 0 0 3.900 0 3,900 0 Supplemental Crew -CSR 0 0 0 0 29,125 0 29,125 0 Physicals 0 0 0 0 730 0 730 0 Employment Costs 0 0 0 0 120 0 120 0 Uniforms 129 0 129 0 3,236 0 3,236 0 Simulator Training 0 0 0 0 165,900 0 165,900 0 Training Discount 0 0 0 0 -48,225 0 -48,225 0 Travel Expense 1,307 0 1,307 0 14,018 0 14,018 0 Training 1,321 0 1,321 0 15,942 0 15,942 0 Other Costs 1,037 0 1,037 0 14,047 0 14,047 0 Total Flight Crew Costs 174,336 0 174,336 0 1,116,096 0 1,116,096 0 Hangar Rent 57,373 0 57,373 0 344,986 0 344,986 0 Office/Storage Rent 249 0 249 0 1,495 0 1,495 0 Total Hangar Costs 57,623 0 57,623 0 346.482 0 346,482 0 Hull Insurance 0 0 0 0 12,683 0 12,683 0 Liability Insurance 0 0 0 0 17,301 0 17,301 0 Total Insurance 0 0 0 0 29,984 0 29,984 0 Maint Management 5,714 0 5,714 0 68,572 0 68,572 0 Airframe Annual Contracts 0 0 0 0 22.237 0 22,237 0 Avionics Annual Contract 295 0 295 0 87.316 0 87,316 0 Engine Annual Contract 19,965 0 19,965 0 255,171 0 255,171 0 Cabin System Annual Contracts 0 0 0 0 1,129 0 1,129 0 Due Items 1,623 0 1,623 0 18,330 0 18,330 0 Mandatory SB' and AD's 0 0 0 0 32,578 0 32.578 0 Airframe Inspection 0 0 0 0 136,270 0 136,270 0 Vest/RafUSurvival Kit Cert 0 0 0 0 5,595 0 5,595 0 Training 50 0 50 0 600 0 600 0 Tool Calibration/Other 3 0 3 0 31 0 31 0 Total Fixed Maintenance 27,650 0 27.650 0 627,828 0 627,828 0 Service Fees 2,417 0 2,417 0 29,065 0 29,085 0 Communications 0 0 0 0 4.486 0 4,486 0 Total Flight Operations 2.417 0 2.417 0 33.571 0 33.571 0 Aircraft Management Fee 7,929 0 7,929 0 95,148 0 95,148 0 Total Management Fees 7,929 0 7,929 0 95.148 0 95,148 0 Other Fixed Discount 0 0 0 0 -4,963 0 -4,963 0 Total Fixed Discounts 0 0 0 0 -4,963 0 -4,963 0 Total Fixed Costs $ 269,954 $ 0 $ 269,954 0 $ 2,244,147 $ 0_$ 2,244,147 0 Page 1 of 3 EFTA00615428  Statement Detail N624N-Rance Acquisitions, LLC December 2015 Description Actual Plan Var Var% Actual Plan Var Var% MTD MTD MTD YTD YTD YID Post Flights /Departure Svc $ 716 $ 0 $ 716 0 $ 19.918 S 0 $ 19,918 ir Airframe Discrepancies 2,294 0 2,294 0 69,706 0 69,706 0 Avionics Discrepancies 0 0 0 0 35,471 0 35,471 0 Engine Discrepancies 0 0 0 0 169 0 169 0 Interior Discrepancies 847 0 847 0 17,945 0 17,945 0 Paint/Exterior Discrepancies 0 0 0 0 2,191 0 2,191 0 Mandatory SB's and AD's 0 0 0 0 59 0 59 0 Airframe Inspections 0 0 0 0 106,260 0 106,260 0 Wheel Overhaul/Tire Changes 2,500 0 2,500 0 4,993 0 4,993 0 APU Service Contract 1,442 0 1,442 0 13,838 0 13,838 0 Aircraft Cleaning 3,412 0 3,412 0 28,294 0 28,294 0 Aircraft Monitoring 0 0 0 0 610 0 610 0 Client Special Request 0 0 0 0 4,557 0 4,557 0 Shipping/Other 0 0 0 0 135 0 135 0 Personnel Support / Uniforms 58 0 58 0 268 0 268 0 Total Variable Maintenance 11,268 0 11,268 0 304,412 0 304,412 0 Fuel 12,782 0 12,782 0 603,243 0 603,243 0 Fuel Discounts -3,522 0 -3,522 0 -166,840 0 -166,840 0 Total Fuel 9.260 0 9,260 0 436,403 0 436,403 0 Meals 812 0 812 0 16,947 0 16,947 0 Hotel 2,338 0 2,338 0 53,084 0 53,084 0 Telephone 14 0 14 0 123 0 123 0 Uniform Cleaning 0 0 0 0 410 0 410 0 Other 35 0 35 0 991 0 991 0 Gratuities 15 0 15 0 1,117 0 1,117 0 Total AirCrew Trip Expenses 3,213 0 3,213 0 72,672 0 72,672 0 Airline Transportation 0 0 0 0 4,602 0 4,602 0 Ground Transportation 983 0 983 0 13,243 0 13,243 0 Total AirCrew Trans. Expenses 983 0 983 0 17,844 0 17.844 0 Cleaning Fee 466 0 466 0 4,463 0 4,463 0 Customs Fee 921 0 921 0 2,759 0 2,759 0 De-Icing Fee 0 0 0 0 488 0 488 0 Flight Phone 9,198 0 9,198 0 129,981 0 129,981 0 Flight Planning 382 0 382 0 1,387 0 1,387 0 Gratuities 473 0 473 0 5,721 0 5,721 0 International Fee - Extemal 0 0 0 0 16 0 16 0 Landing Fee 3,057 0 3,057 0 27,050 0 27,050 0 Messenger Service 0 0 0 0 195 0 195 0 Miscellaneous Expense 0 0 0 0 7,325 0 7,325 0 Over Flight Fee 109 0 109 0 29,257 0 29.257 0 Overnight Hangar Fee 0 0 0 0 3,832 0 3,832 0 Parking Fee 1,810 0 1,810 0 12,728 0 12,728 0 Ramp Fee 0 0 0 0 2,256 0 2.256 0 Service Fee 0 0 0 0 10 0 10 0 Catering 2,157 0 2,157 0 48,109 0 48,109 0 Ground Handling 8,597 0 8,597 0 100,451 0 100,451 0 Cabin Supplies 566 0 566 0 12,198 0 12,198 0 Total Aircraft Trip Expenses 27.735 0 27,735 0 388,226 0 388,226 0 Other Variable Discount -389 0 489 0 -1,696 0 -1,696 0 Total Variable Discounts -389 0 -389 0 -1,696 0 -1,696 0 Total Variable Costs $ 52,071 $ 0 $ 52,071 0 $ 1,217,861 $ 0 $ 1,217,861 0 Page 2 of 3 EFTA00615429  Statement Detail N624N-Rance Acquisitions, LLC December 2015 Description Actual Plan Var Var% Actual Plan Var Var% MTD MTD MTD YTD YID YTD Airframe $ 0 $ 0 $ 0 0 $ 5,228 $ 0 $ 5.228 0 Total Purchases 8 Installation 0 0 0 0 5.228 0 5,228 0 Insurance Claims 0 0 0 0 -17,265 0 -17,265 0 Total Refurbishment/Overhaul 0 0 0 0 -17,265 _0 -17,265 0 Client Ground Transportation 161 0 161 0 7,966 0 7,966 0 Miscellaneous Expense 0 0 0 0 -16,743 0 -16,743 0 PYC - Fuel 0 0 0 0 -562 0 -562 0 PYC - Maintenance 0 0 0 0 -690 0 -690 0 Total Other 161 0 161 0 -10,028 0 -10,028 0 Total Non-Operating Costs $ 161 $ 0 $ 161 0 $ -22,065 $ 0 $ -22,065 0 Total Costs $ 322,185 $ 0 $ 322,185 0 $ 3,439,942 $ 0 $ 3,439,942 0 Charter Income 0 0 0 0 -300,341 0 -300,341 0 Supplemental Crew Income 0 0 0 0 -6.000 0 -6,000 0 Fuel Tax Refund -328 0 -328 0 -6,044 0 -6,044 0 Total Other Income -328 0 -328 0 -312,386 0 -312,386 0 Total Other Income $ -328 $ 0 $ -328 0 $ -312,386 $ 0 $ -312,386 0 Net Charges $ 321,857 $ 0 $ 321,857 0 $ 3,127,557 $ 0 $ 3,127,557 0 Page 3 of 3 EFTA00615430