EFTA00865896.pdf

From: Richard Joslin To: jeffrey E. <[email protected]> Subject: FW: Spoke to Lisa Date: Thu, 22 Jan 2015 22:48:48 +0000 fyi John Hannan is going back to Apollo to see if reimbursement rate can be increased. As it stands the rate they have will be slightly less than the amount to cover full out of pockets costs (which includes carrying cost). From: Mandel, Michael [mailto: Sent: Wednesday, January 21, 2015 4:11PM To: Richard Joslin Subject: RE: Spoke to Lisa Yes and no. We are covered as far as international flights are concerned, but we are losing $1,387.00 (the 7.5% FET) an hour on domestic travel. I do not know the process by which the rate was raised, but I imagine that the only way that would happen would be if the three principals all pushed for it. Michael S. Mandel Direct: From: Richard Joslin rrnailto: Sent: Wednesday, January 21, 2015 3:43 PM To: Mandel, Michael Subject: RE: Spoke to Lisa So that means we are over the non-grossed up FET rate. Therefore amount of Apollo reimbursement will not cover all costs. Will Apollo raise the reimbursement rate? From: Mandel, Michael [maiIto: Sent: Wednesday, January 21, 2015 3:37 PM To: Richard Joslin Subject: Spoke to Lisa Her calculations did not include financing costs, only fixed and variable costs billed by Jet Aviation. Incorporating an additional $450,000 in outside costs brings the hourly figure for 2014 to $18,488. Michael S. Mandel AKIN GUMP STRAUSS HAUER & FELD LLP I USA I Direct:I EFTA00865896 The information contained in this e-mail message is intended only for the personal and confidential use of the recipient(s) named above. If you have received this communication in error, please notify us immediately by e- mail, and delete the original message. The information contained in this e-mail message is intended only for the personal and confidential use of the recipient(s) named above. If you have received this communication in error, please notify us immediately by e- mail, and delete the original message. EFTA00865897