How much is the deposit to secure my share(s) in the aircraft?
The initial deposit required to reserve your share(s) in an aircraft is 10% of your share in the aircraft. This cost is calculated by dividing the estimated purchase price of the aircraft by the portion of ownership you wish to acquire.
For example, if the estimated purchase price of the aircraft is $5 million and you wish to acquire a 10% share, your deposit would be $50,000.
To ensure transparency and security, your deposit will be held in a lawyer’s trust account until the date of the aircraft purchase. This practice safeguards your funds and ensures they are used solely for the intended purpose of acquiring the aircraft. The trust account is managed by a licensed attorney, providing an additional layer of assurance that your investment is protected.
In summary, the deposit, which is 10% of your intended share of ownership, is securely kept in a lawyer's trust account until the aircraft purchase is finalized. This ensures that your funds are handled with the highest level of integrity and professionalism.
If you have any further questions about the deposit process or the trust account, please do not hesitate to contact us.