Internal email discussing G650 jet profit model, depreciation rules, and potential switch from Jet Aviation to EJM

From: Sent: To: jeffrey E. peevacationPgmail.coml CC: Joseph Vinciguerra__________ Subject: G650 profit model Attachments: Odysseus Profit Model.xlsx Barry J. Cohen______________________ 10/23/2017 2:43:33 PM Importance: High You asked for this a while back. It's not particularly self-explanatory. Joe V reviewed it with Ruth Wimer and Dave Deyoe, our aviation and aviation tax counsel at MWE. Let either of us know if you'd like to go over it. From: jeffrey E. [mailto:jeevacation@gmail.com] Sent: Monday, October 02, 2017 5:20 PM To: Barry J. Cohen________________________ Subject: Re: Plane management can you share? On Mon, Oct 2, 2017 at 5:17 PM, Barry J. Cohen <_________________________wrote: On our to-do list, but back of the envelope, we satisfied ourselves that after depreciation, we would show a profit. (In part because Apollo charter payments factor in depreciation.) From: jeffrey E. [mailto:jeevacation@gmail.com] Sent: Monday, October 02, 2017 5:14 PM To: Barry J. Cohen Subject: Re: Plane management did anyone provide you with a biz plan that shows the proposal will generat a profit ? On Mon, Oct 2, 2017 at 4:30 PM, Barry J. Cohen wrote: Adding Internet and possibly changing cushions. I recommended we do it with the 4 year inspection in the spring, but haven't heard back from him. I think I talked him out of automating the divans. I agreed with what you said about that. From: jeffrey E. [mailto:jeevacation@gmail.com] Sent: Monday, October 02, 2017 4:29 PM To: Barry J. Cohen Subject: Re: Plane management isnt he changing the cushions? etc and adding internet? On Mon, Oct 2, 2017 at 4:23 PM, Barry J. Cohen 'wrote: Ah yes. HOUSE OVERSIGHT 026764From: jeffrey E. [mailto:jeevacation@gmail.com] Sent: Monday, October 02, 2017 4:23 PM To: Barry J. Cohen Subject: Re: Plane management new depreciation rules proposed under trump On Mon, Oct 2, 2017 at 4:13 PM, Barry J. Cohen _____________________ wrote: GV is in inspection and going well. Not sure what renovations you mean? On depreciation, we think we cannot use accelerated due to foreign travel preponderance, and obviously can't use bonus because not new. We think we are stuck with straight-line depreciation which will be passive. Are you saying that Jet vs. EJM could hinge on the type of plane usage? Not sure I follow that. From: jeffrey E. [mailto:jeevacation@gmail.com] Sent: Monday, October 02, 2017 3:42 PM To: Barry J. Cohen ; Melanie Spinel! Subject: Re: Plane management dont you want to see what the depreciation rules are. ? it depends on what you intend to do with it/ ? where do you stand with the renovations and the sale of the 5 On Mon, Oct 2, 2017 at 2:33 PM, Barry J. Cohen _____________________ wrote: Thinking of switching from Jet Aviation to EJM. EJM is more expensive. Do you have a point of view? Sent from my iPhone please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved HOUSE OVERSIGHT 026765please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved HOUSE OVERSIGHT 026766please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved HOUSE OVERSIGHT 026767