It has some merit.
If their aircraft contract was signed with a guaranteed trade in value/range. Then they are millions ahead of the game. I just spoke to a buddy who told me that a G5 in his hanger just sold for $25 million.
Now add in the depreciation schedule. Odds are the 5 years the IRS gives you just expired and with a new 550 they get to take advantage of the last year for tax breaks on corporate jets.
Now add in the cost of purchasing into the Rolls Royce corporate care on a 5 year old aircraft and the cost of the Honeywell warranty, along with the up coming heavy inspection and possible hot section
Don't forget the loss of you NON refundable deposit and it's not hard for a Director to sell the merits of trading in the old G5 for a new 550 (that was up until now but this order was placed years ago)
If their aircraft contract was signed with a guaranteed trade in value/range. Then they are millions ahead of the game. I just spoke to a buddy who told me that a G5 in his hanger just sold for $25 million.
Now add in the depreciation schedule. Odds are the 5 years the IRS gives you just expired and with a new 550 they get to take advantage of the last year for tax breaks on corporate jets.
Now add in the cost of purchasing into the Rolls Royce corporate care on a 5 year old aircraft and the cost of the Honeywell warranty, along with the up coming heavy inspection and possible hot section
Don't forget the loss of you NON refundable deposit and it's not hard for a Director to sell the merits of trading in the old G5 for a new 550 (that was up until now but this order was placed years ago)
