From: "Jeffrey E." <[email protected]> To: Subject: Re: BBJ Update Date: Thu, 22 Jun 2017 12:15:16 +0000 let them send us a loi that they would be ready to sign. On Thu, Jun 22, 2017 at 7:42 AM, From Bob Sent from my iPhone Begin forwarded message: From: Robert Peerless <1 Date: June 22, 2017 at 6:04:39 AM EDT To: Subject: BBJ Update <la wrote: Dear MI As per our conversation yesterday here's what I can report. Royal Jet have had no serious activity regarding the sale of the BBJ to date. However the bad news is there isn't a whole lot of incentive for selling the aircraft immediately The end of Ramadan is coming on June 26th. After Ramadam they have a lot of charter booked on the aircraft right through until the end of July ( my guess is 80-100 hours ) As a matter of fact they have even had meetings recently to discuss whether or not to keep the aircraft because their charter business is improving. The aircraft has an extensive C-Check do at the end of July so the comments came back to me as follows: IF you still wanted to buy the aircraft somewhere in the 16's , would you consider re-instating an Offer whereby an L.O.I. could be negotiated and signed NOW , but acceptance and pre-buy would take place in Switzerland concurrent with the C-Check. The Sellers have to pay for the C-Check anyway so this could be the Buyers pre-buy . Closing at the end of the C-Check ( mid August - Sept 1st ) If these terms could be agreed upon today then Seller might be negotiate to a lower price . Bottom line is They are not desperate to sell and will only negotiate if they can get terms favourable to themselves. I await your instructions and direction. EFTA01043024