Epstein Secrets

Rance Acquisitions, LLC ("Rance") was originally owned by a 1031 exchange counterparty. Ownership of the aircraft would have been transferred from Rance to the owner trustee on behalf of Avioneta Holdings LLC ("Avioneta"), but doing so would have grounded the aircraft during a time when the members

LDB"), granting LDB a non- exclusive lease of the aircraft for Part 91 operations. • Amended and Restated Aircraft Management Agreement among JAFS, Rance and LDB, substituting LDB for Avioneta Holdings as operator for Part 91 operations. • Non-Exclusive Aircraft Dry Lease Agreement between Rance and

nded the aircraft during a time when the members were using the aircraft. o Instead, there was a series of transfers of the membership interests of Rance that resulted in the current ownership structure. • The Aircraft Management Agreement with Jet Aviation Flight Services ("JAFS') executed in Augus

eries of transfers of the membership interests of Rance that resulted in the current ownership structure. • The Aircraft Management Agreement with Jet Aviation Flight Services ("JAFS') executed in August 2011 listed Avioneta Holdings as the Part 91 operator of the Aircraft, which was contrary the Part 91 regulations (whic

Rance Acquisitions, LLC ("Rance ' was originally owned by a 1031 exchange counterparty. Ownership of the aircraft would have been transferred from Rance to the owner trustee on behalf of Avioneta Holdings LLC ("Avioneta"), but doing so would have grounded the aircraft during a time when the members

LDB"), granting LDB a non- exclusive lease of the aircraft for Part 91 operations. • Amended and Restated Aircraft Management Agreement among JAFS, Rance and LDB, substituting LDB for Avioneta Holdings as operator for Part 91 operations. • Non-Exclusive Aircraft Dry Lease Agreement between Rance and

nded the aircraft during a time when the members were using the aircraft. o Instead, there was a series of transfers of the membership interests of Rance that resulted in the current ownership structure. • The Aircraft Management Agreement with Jet Aviation Flight Services ("JAFS') executed in Augus

eries of transfers of the membership interests of Rance that resulted in the current ownership structure. • The Aircraft Management Agreement with Jet Aviation Flight Services ("JAFS') executed in August 2011 listed Avioneta Holdings as the Part 91 operator of the Aircraft, which was contra'', the Part 91 regulations (whi

Rance Acquisitions, LLC ("Rance ' was originally owned by a 1031 exchange counterparty. Ownership of the aircraft would have been transferred from Rance to the owner trustee on behalf of Avioneta Holdings LLC ("Avioneta"), but doing so would have grounded the aircraft during a time when the members

LDB"), granting LDB a non- exclusive lease of the aircraft for Part 91 operations. • Amended and Restated Aircraft Management Agreement among JAFS, Rance and LDB, substituting LDB for Avioneta Holdings as operator for Part 91 operations. • Non-Exclusive Aircraft Dry Lease Agreement between Rance and

nded the aircraft during a time when the members were using the aircraft. o Instead, there was a series of transfers of the membership interests of Rance that resulted in the current ownership structure. • The Aircraft Management Agreement with Jet Aviation Flight Services ("JAFS') executed in Augus

eries of transfers of the membership interests of Rance that resulted in the current ownership structure. • The Aircraft Management Agreement with Jet Aviation Flight Services ("JAFS') executed in August 2011 listed Avioneta Holdings as the Part 91 operator of the Aircraft, which was contra'', the Part 91 regulations (whi

ease Actually the Air Carrier is Jet and the Lessor is Rance. And is there any substantive difference between remitting the rent net of expenses to Rance and remitting the gross rent and then billing them separately for the trip-related expenses? Micha Direct: From: Richard loslin [mailto Sent: Fr

s G-V to Jet Aviation (third party). The fee that Jet charges its charter clients is set forth in a dry lease agreement. The net charter fee paid to Rance is $200 less than the amount Jet receives from its clients. From a billing perspective, Jet continues to send invoices to Avioneta for fixed costs

will all the other aircraft charges and we will reimburse Rance the all-inclusive rent, less the applicable taxes and administrative fee of $200. Jet Aviation Flight Services, Inc. Mary Demarest Account VP 112 Charles A. Lindbergh Dr. Teterboro New Jerse 07608 / United States Tel. mailto: From: Mandel, Michael [mail

wner Trustee"); (ii) Rance Acquisitions, LLC ("Rance"); (iii) Avioneta Holdings LLC ("Avioneta Holdings" and collectively with the Owner Trustee and Rance, the "Contract Parties"); and (iv) Leon D. Black (the "Individual Operator," individually, a "Party" and collectively with the Contract Parties, th

rator," individually, a "Party" and collectively with the Contract Parties, the "Parties"). RECITALS: A. The Owner Trustee, Avioneta Holdings and Jet Aviation Flight Services, Inc. ("JAFS") are parties to that certain Aircraft Management Agreement dated as of August 31, 2011 (the "AMA'), pertaining to that certain Gulfst