Prive Profile

AVIATION

E X C E L L E N C E I N A C Q U I S I T I O N , � A I R C R A F T C O M P L E T I O N M A N A G E M E N T, A I R C R A F T M A I N T E N A N C E A N D F L I G H T O P E R AT I O N S

OUR SERVICES include full Client representation with: Needs assessment Aircraft acquisition Aircraft due diligence Pre-purchase inspection Aircraft completion oversight / aircraft completion management Modernization / retroďŹ t / heavy maintenance "C " and "D" check management Liaison with Aircraft Designers and Engineers Flight department management and consulting services Â

OUR TEAM AND NETWORK We have over 30 years of experience in the aviation ďŹ eld.

Our combination of corporate, airline, and military expertise makes us uniquely qualiďŹ ed for all aviation programs.

We are all aviation professionals and all hold FAA licenses.

It is our passion for our profession that makes our programs a success.

Our network includes: Designers & Engineers Lawyers & Accountants Completion Centers & MROs Title Companies & Insurance Agents Military Systems Integrators

OUR TEAM Ivan Klugman President

With over 35 years of aviation experience, 10 years of that in corporate ight departments and serving as Captain with United Airlines for 25 years. During his career, he has placed many aircraft in service from airliners to large twin engine helicopters. He has negotiated and successfully closed many aircraft transactions with private sellers and manufactures. Capt. Klugman has been entrusted by royalty, celebrities, billionaires and even a celebrity billionaire.

Captain Klugman holds an FAA Airline Transport Pilots license for both Jets and Helicopters which include ratings on Boeing 737, 757, 767, 777, Falcon Jet, Bell 206 & 222, Sikorsky S76, Super Puma.

Peter Wendt

Vice President and Director of Operations Capt. Wendt has had a very distinguished career as a military aviator as well as a senior manger at large commercial operations. He has held key positions and served as director at commercial operations utilizing 50 aircraft and over a hundred pilots. He has recently completed a very successful assignment in Saudi Arabia for the RSAF. Capt. Wendt also enjoys sharing his knowledge with new aviators as a simulator instructor and examiner on jet aircraft at CAE. He is a certiďŹ ed IS-BAO safety auditor in addition to an FAA ATP with many Jet and helicopter type ratings.

OUR TEAM Michael J. Bonventre

Senior Project Manager and Director of Airline Technical Services With 37 years of aviation experience, Michael Bonventre has served as an Airframe and Powerplant mechanic for both rotary and fixed wing military and civilian aircraft. He also worked for 8 years as a final assembly/first flight/flight development inspector with a major aircraft manufacturer. In last 18 years. He has been a technical consultant for airlines and commercial aircraft leasing companies. In addition, he has worked with a number of Air Authorities in both the United States and foreign countries importing, exporting, applying for, and obtaining ferry permits. Michael has put numerous aircraft on operating certificates for various domestic and foreign airlines. He has also managed the return to service of long-term storage aircraft to be ferried to heavy maintenance facilities. Michael has recently completed the comprehensive pre-purchase due diligence and safety audits of 3 Airbus A340 airframes and associated engines. He is very familiar with the Airbus maintenance programs and has even written a VVIP maintenance program for Airbus aircraft.

Michael holds FAA Airframe & Powerplant and FAA Airworthiness Inspector licenses, and is a Senior NAAA Appraiser with USPAP (Uniform Standards of Professional Appraisal Practice) endorsement. Michael has been appointed by the FAA as an FAA DAR-T

Ric Wilken

DIRECTOR OF SAFETY AND SPECIAL PROJECTS Over the past 35 years, Captain Rick Wilken has held the Key FAA/DGCA/CAA positions of General Manager, Director of Operations, Director of Safety, Director of Maintenance, Chief Pilot, and Civil Aviation Safety Officer. He has managed or had safety oversight responsibilities for the flight operations and aircraft maintenance departments of Army Aviation Assets during 8 years of active duty and 26 years in the National Guard. Captain Wilken developed and implemented the accident investigation program for a major insurance company. He has performed serious injury and fatal accident investigations, testified as an expert in accident reconstruction, and has extensive experience in claims management and risk analysis/safety engineering of international manufacturing operators and airlines.

Ric’s FAA ratings include an ATP both fixed and rotor wing, Airframe & Powerplant license, FAA designated Airworthiness Inspector, and FAA Designated Airworthiness Representative (DAR).

OUR TEAM Cyprian Lerch Managing Director PrivĂŠ International

Cyprian has had extensive experience over the past 15 years in the luxury industry working for PrivĂŠ International. He has worked in partnership with several luxury brands including: Bugatti, Lamborghini, Bombardier, Edmiston Yachts, and The Four Seasons.

Operational hands on and strategic experience with business development / strategic planning / skilled in luxury lifestyle, business and leisure travel, business development, client relations.

1. Superyachts, Exotic Cars, Private Aviation, Real Estate.

2. Sales & Acquisitions.

3. Media (Print & Digital) and Events.

- Successful track record in setting up and developing business operations in very diverse corporate or cultural environments, including funding or selling of the business entity; - Comprehensive understanding and extensive network built in luxury sector / corporate sector / lifestyle environments, through diverse postings and assignments in key markets within North America and Europe.

- Solid ďŹ nancial / operational background complemented by strong business development / branding experience.

OUR CLIENTS Our team of professional pilots during their careers have flown or managed aircraft acquisitions for the following clients as either direct employees or contractors. Collectively we have been involved with hundreds of aircraft transactions and formations of many Air Carrier organizations.

Warner Brothers Studio

Steven Ross

Steven Spielberg

Clint Eastwood

Merck

Pfizer

General Electric

Dupont

Damin Aviation ( 40 aircraft charter operation in NYC area)

Las Vegas Sands

Golden Nugget

MGM Grand

Trump Casinos

Playboy

Managed & Acquired for Donald Trump his personal aircraft in 1987-1997 Royal Family of Saudi Arabia acquisition and completion of personal aircraft including Airbus A340-500.

Our team has been involved with the Design, Engineering and Completion of hundreds of aircraft including BBJ and ACJ. Our designer Edese Doret is perhaps the most prolific aircraft interior designer of BBJs in the world.

SAFETY AND SECURITY IAS personnel are all licensed aviation professionals. We consider our Client’s safety our primary mission. All maintenance, modifications and flight operations will be in accordance to applicable international standards.

Safety features that may be incorporated include:

Security features:

Medical suites

Enhanced emergency medical kits

Video surveillance and security systems

AED

Med-Link for airborne medical assistance

Missile counter measures

OUR EXPERIENCE Our team of professionals has a great deal of experience in the acquisition and outfitting of VIP aircraft.

Our experience includes: AIRBUS A318 to AIRBUS A340-600 BOEING 737 to B747 All Business Jets Our team of professionals has a great deal of heavy maintenance experience

Due to the high level of confidentiality of our projects, the identity of our Clients is kept confidential.

PROJECT DEVELOPMENT PLAN

PROJECT PHASES Our team will assist our client with the following:

Sourcing & Acquisition

Liaison with Air Agency (Malta)

Pre-purchase inspection

Training: Crews and Post Holders

Heavy maintenance management

Flight department management

SOURCING AND ACQUISITION

DESIGN AND ENGINEERING PHASES

The sourcing and acquisition of the aircraft include:

Phase 1 Meetings with the Client for the definition of space arrangement, design style orientations, and aircraft and cabin amenities (In Flight Entertainment, Live TV, Satellite communications, etc), Research and Development Equipment vendor meetings

Market review with regard to aircraft availability Recommendations are presented to the Client Desktop inspection (this is not the pre purchase inspection) Legal and tax consultation Negotiation and preparation of Offer Execution of Purchase Agreement Pre-purchase inspection conducted per our unique specifications and logbook review Final maintenance negotiations Arrange for insurance Arrange for closing Take delivery at desired location or export, if desired

Phase 2 Definition of interior styles and selection of materials and finishes, Conceptual design of interior arrangement layouts (LOPA), cabinetry, seating and external livery, Present to client via 3D models, high-resolution 3D renderings and computer animation, material boards, etc.

Generate the “Client Interior Specifications Document” Phase 3 Summit to completion centers for Bid Review bids and select center Develop the engineering and certification package Phase 4 Commence program management and completion oversight

DIRECT OPERATING COSTS Dollar per Flight Mile for an Average 700NM Stage Length and 400 hours per aircraft Year 1 and 800 Hours per aircraft Year 2-5 Annual Utilization. Two (2) Cessna CJ3 Aircraft Fuel ($6.25 per US Gallon) Labor ($130 shop rate) Parts Engine Reserve Total Direct Cost per hour

Year 1 $931 $48 $30 $339 $1,348

Year 2 $931 $84 $30 $339 $1,384

Year 3 $931 $144 $30 $339 $1,444

Year 4 $931 $120 $174 $339 $1,564

Year 5 $931 $72 $174 $339 $1,516

$/nm (380 kt. block speed)

$1.17

$1.17

$1,33

$1.48

$1.40

FIXED FLIGHT OPERATING COSTS

(AIRCRAFT & CREW) Hull Insurance Liability & Medical Insurance War Risk (Hull and Liability) Initial and Recurrent Training

Year 1 $38,000 $11,000 $3,620 $0

YEAR 2 $38,000 $11,000 $3 620 $71,250

YEAR 3 $,38000 $11,000 $3,620 $71,250

YEAR 4 $38,000 $11,000 $3,620 $71,250

YEAR 5 $38,000 $11,000 $3,620 $71,250

Airline Personnel**

*Pilots 3 Captains and 2 First Officer $675,000 $675,000 $675,000 $675,000 TOTAL Flight Operating Costs $727,620 $797,060 $798,870 $798,870 FIXED Cost per Hour $910 $499 $499 $499 1) Total Operating Costs (Fixed and Direct) $2,667 $2,328 $2520 $2,748 * Flight Crew Salaries are; Captain $150,000/Year, First Officer $75,000/ Year

$675,000 $798,870 $499 $2,628

FIXED OPERATING EXPENSES (MAIN BASE) **Hanger and Office Rental Equipment Jack Set Aircraft General Tools Office Equipment Office Furnishings Computers (2) Copier/Scanner/Fax Telephone (cell and fixed) Office Supplies Spare Parts (Tires Quick Change, etc.)

Tow Bar Aircraft Cleaning Equipment Airport Van Base Airport Services(GPU/Tug/Deice Subscriptions JEPP (Jeppview+) Aircraft Data Bases Updates Flight Management (?)

Manuals Maintenance Aircraft 2) Cost Per Flight Hour Facility TOTAL FACILITIES COST

$24,000

$24,000

$24,000

$24,000

$24,000

$5,500 $4,500 $2,500 $5,000 $3000 $2500 $5000 $500 $12,000 $3500 $450 $18,000 $2000

$0 $1000 $500 $500 $0 $250 $500 $500 $1200 $0 $450 $300 $2000

$0 $1000 $500 $500 $0 $250 $500 $500 $1200 $0 $450 $300 $2000

$0 $1000 $500 $500 $ $0 $250 $500 $500 $1200 $0 $450 $300 $2000

$0 $1000 $500 500 $0 $250 $500 $500 $1200 $0 $450 $300 $2000

$4000 $4000

$4000 $4000

$4000 $4000

$4000 $4000

$4000 $4000

$3000 $300 $250 $99,750

$3000 $300 $53 $42,500

$3000 $300 $53 $42,500

$3000 $300 $53 $42,500

$3000 $300 $53 $42,500

**It may prove to be more cost effective to build a two to Three aircraft hanger with offices attached.

MANAGEMENT PERSONNEL : REQUIRED TO OPERATE THE AIR CARRIER BUSINESS: *Responsible Manager/flight scheduling

$50,000

$50,000

$50,000

$50,000

$50,000*

*Director of Operations/ Chief Pilot

$25,000

$25,000

$25,000

$25,000

$25,000*

Director of Maintenance/Quality

$125,000 $125,000 $125,000 $125,000 $125,000

Safety/Ground Operations Mgt.

$75,000

$75,000

$75,000

$75,000

$75,000

3) MGT. COST PER FLIGHT HOUR

$675

$344

$344

$344

$344

TOTAL MGT Personnel Cost

$275,000 $275,000 $275,000 $275,000 $275,000

Total Aircraft Operating Costs/Hr.

$3692

*add pay to pilots serving in these positions

$2,725

$2,917

$3,145

$3,025

(1+2+3) Estimated Revenue Year 1 (400 hours per aircraft x 2 Aircraft x $6,000/ Hour).

$4,800,000

Estimated Revenue After Expenses Year 1 ($4,800,000-$1,805,170)

$2,994,830

Estimated Revenue Year 2-5 (800 hours per aircraft x 2 Aircraft X $6000/ Hour)

$9,600,000

Estimated Revenue After Expenses Year 2-5: ($9,600,000$2,577,760)

$7,022,240

RANGE MAP FOR PRIVÉ AVIATION CHARTER OPERATIONS. Privé Aviation will operate a fleet of mid-size jets (Cessna Citation CJ3). The charter operation will be based out of Prague Czech Republic and will operate throughout all cities within the EU.

PRAGUE

EUROPE

THE CITATION CJ3 EFFICIENT AND DEPENDABLE The Citation® CJ3+® jet delivers superior unparalleled reliability without sacrificing productivity and comfort. With upgraded Intrinzic™ flight deck power by Garmin® G3000™, operating this single-pilot certified jet is so intuitive; it’s fueling the passion for flight in pilots and passengers alike.

RELIABILITY AND AWARENESS The CJ3+ is equipped with a fully digital, dual-channel autopilot (AP) system equipped with many features for added redundancy and reliability. Integrating data from the avionics system, the AP is built to inspire confidence while ensuring smoothness and comfort.

The system is powered by the Garmin® GFC™ 700, a control system that has flight director, autopilot, yaw damper, and features that provide top-level performance. The GFC 700 allows for outstanding flight automation and precision. The AP maximizes aircraft performance with precise lateral and vertical navigation guidance for all phases of flight. It can maintain altitude, airspeed, vertical speed and heading, in addition to flying VNAV descent profiles, automated Takeoff/Go-Around procedures and more.

The CJ3+ has an AP system that is simple and straightforward to operate yet sophisticated and state-of-the-art, which makes flying the CJ3+ easier, safer, more consistent and more enjoyable.

COMPLETION PROGRAM MANAGEMENT Comprehensive oversight and management by IAS team members.

Overall Completion program management consists of monitoring the critical path schedule and participating in vendor/program reviews.

Close attention is paid to quality, cost and schedule when dealing with any issue including change orders.

Our goal is to see that the ďŹ nal product is safe, comfortable and retains its value for years to come.

CONCLUSION We wish to thank you for giving us the opportunity to be your partner for this project.

We are fully committed to complete all requirements , utilizing the ďŹ nest materials, state of the art equipment and methods, on-time and within the projected budget.

We are very aware of the importance of this project and are honored to be considered to be your privileged aviation partner.

We look forward to working with you soon.

AVIATION

15300 Jog RD Suite 109

Capt. Ivan Klugman

Licensed:

Members:

Delray Beach FL 33446 USA

1.561.809.8606

FAA Aircraft dealers

National Business Aircraft Association

FLA: +1.561.900.4000

ivan@inavsol.com

US Department of State:

International Helicopter

NYC: +1.212.355.0036

www.inavsol.com

Broker of controlled goods

Safety Team