Aircraft Rental. Aircraft Rental expense is the cost of renting an aircraft and major components (engines etc.). Budgeted expectations are for 2014/15 to have an expense of $3.7 mil. Note 19 – Facilities Rental Budgeted Facilities Rental for the year ending June 30, 2015 is forecasted at $649K. Note 20 – Communications Communication costs include local and long distance telephone charges, line charges for the reservation system, and messaging costs. Budgeted Communication costs for the year ending June 30, 2015 are $538K.
Aircraft Rental. Aircraft Rental expense is the cost of renting an aircraft during any periods that Cayman Airways own aircraft is not available as well as the lease payments related to the fourth and fifth aircraft. Aircraft Rental expense for the year ending June 30th, 2009 was $6,639K. Budgeted expectations are for 2009/10 to have an expense of $5,413K. This amount can vary drastically, however, depending on results of lease negotiations with ILFC and cargo flight frequency. CAYMAN AIRWAYS LIMITED NOTES TO THE FORECAST FINANCIAL STATEMENTS FOR THE YEAR ENDING 30 JUNE 2010 Note 19 – Facilities Rental Facilities Rental for the year ending September 30, 2009 was $659K. Budgeted expenses for 2009/10 call for slight increase to $709K. Note 20 – Communications Communication costs include local and long distance telephone charges, line charges for the reservation system, and messaging costs. Communication costs for the year ending September 30, 2009 were $855K. An aggressive campaign to tackle this expense area is expected to result in the budgeted amount of $499K. Note 21 – Depreciation Depreciation expense through the end of 2007/8 previously was driven largely by the operation of the 737-200 aircraft and the associated spares owned by the airline. This has changed by including only non-aircraft assets and will spares associated with the 737-300. However, engine overhauls not reimbursed by the lessor are amortized over the remaining lease term so has a material impact on the expense. Depreciation Expense for the year ending September 30, 2009 was $2,611K. The 2009/10 budget calls for depreciation in the amount of $1,599, but may vary significantly if the airline renews an existing aircraft lease.
Aircraft Rental. Any service desiring to engage in the rental of aircraft to the public shall provide as a minimum the following:
Aircraft Rental. Aircraft Rental expense is the cost of renting an aircraft during any periods that Cayman Airways own aircraft is not available as well as the lease payments related to the fourth and fifth aircraft. Aircraft Rental expense for the year ending June 30th, 2006 is expected to be $2,769K, an increase over the results for 04/05 of $275K (11%) The increase is due to leasing two aircraft for 12 months in 05/06.
Aircraft Rental. If, at any time during the term of this Agreement, Operator is unable to provide the above-mentioned aeronautical activities and services, Operator shall immediately provide written notice to the Middleton City Clerk, explaining the circumstances, including Operator’s plan to remedy the deficiency. If Operator fails to remedy the deficiency within a period of three (3) continuous months following the provision of such notice to the City, Operator shall be considered to be in default of the terms and conditions of this Agreement.
Aircraft Rental. 4. Aircraft sales.
Aircraft Rental. Aircraft Rental expense is the cost of renting an aircraft during any periods that Cayman Airways own aircraft is not available as well as the lease payments related to the fourth and fifth aircraft. Aircraft Rental expense for the year ending June 30th, 2009 is expected to be $4,878K, an increase over the results for 2007/8 of $1,921K The increase is the result of an increase in lease rates on the existing 737-300s and the addition of a third 737-300. Also, takes into account leased service to provide cargo flights. Note 19 – Facilities Rental Facilities Rental for the year ending June 30, 2009 is expected to be $515K, a decrease over the results for 2007/08 of $255K. Budget year is first full year that the full benefit of the new headquarters building will be realized. In addition, we plan to vacate much (if not all) of the Blue Lagoon facility in Miami. Note 20 – Communications Communication costs include local and long distance telephone charges, line charges for the reservation system, and messaging costs. Communication costs for the year ending June 30, 2009 are expected to be $433K, a decrease over the results for 2007/8 of $80K. The decrease, despite an increase in the number of passengers, is due to cost saving measures including:
Aircraft Rental. (l) Rental of offices for aviation purposes only.
Aircraft Rental. Operator shall own or have available at all times for rental a minimum of two (2) aircraft, single-engine and or multi-engine, with one (1) aircraft equipped for flight under instrument flight rules and conditions. Rental Aircraft will be available for rent to general aviation pilots who meet the Operator’s criteria for renting aircraft.
Aircraft Rental the commercial operation of renting or leasing aircraft to the public for compensation.
