AIRCRAFT PURCHASE AGREEMENT AIRCRAFT PURCHASE AGREEMENT dated November 5, 2013, between Supersonic Wings Corp., a Delaware corporation (the "Seller"), and Fly-by-Night Aviation, Inc., a New York corporation (the "Buyer"). WHEREAS, the Seller desires to sell to the Buyer, and the Buyer desires to purchase from the Seller, the Aircraft (as defined in Section 1.1); This Agreement provides for the sale of the Seller’s Gulfstream Aerospace Corporation G550 jet to the Buyer. Accordingly, the parties agree as follows: Article 1. Definitions 1.1 Defined Terms. As used in this Agreement, terms defined in the preamble of this Agreement have their assigned meanings, and the following terms have the meanings set forth below: "Agreement" means this Aircraft Purchase Agreement and all Schedules and Exhibits, as each may be amended from time to time.
Aircraft Purchase Agreement Aircraft Purchase Agreement dated as of September 9, 2015 and between Fly-by-Night Aviation, Inc., a New York Corporation (the “Seller”), and The Robertson Jet Corp., a Delaware corporation (the “Buyer”). WHEREAS, the Seller desires to assign all of its rights in a Purchase Offer of $21,000,000 for a aircraft with Sam Samson to the Buyer and delegate the Seller’s performance to the Buyer, which would assume the Seller’s performance under the Purchase Offer and contemporaneously pay the Seller $1,000,000; NOW, THEREFORE, in consideration of the mutual promises herein set forth and subject to the terms and conditions hereof, the parties agree as follows: Article 1. Definition 1.1 Defintions. As used in this Agreement, the following terms shall have the meanings set forth below: (a) “Aircraft” shall mean Icarus Aerospace Corporation I-800 aircraft, bearing United States Registration No. N765BW and Manufacturer’s Serial No.
Allegiant Air Strategic Summary Robert Eckert Ke lu Mu Luan David Martin Yuqi Xin Allegiant Air Strategic Summary Robert Eckert Ke lu Mu Luan David Martin Yuqi Xin Contents Introduction to Allegiant Airlines 3 Company Background and History 3 Management Profile 4 Situation Analysis 5 Internal Strengths 5 Internal Weaknesses 6 External Opportunities 7 Bargaining Power of Customers 7 Bargaining Power of Suppliers 8 Competitive Rivalry 9 External Threats 10 Threat of New Entrants 10 Threat of Substitutes 11 Recognized Problems 13 Financial Position 13 Financial Performance Compared To Earlier Years 13 Financial Performance Comparing to a Competitor 17 Strategies and Strategic Choices 17 Business-Level Strategy 17 Corporate-Level Strategy 19 Global Expansion Strategy 19 Strategic Change 20 Implementation 21 Current Events 21 Corporate Reputation 22 Overall Summary 22 Recommendations 22 Relatively Improve Technology and Service. 22 Reduce Cost of Short-Distance Flights 23 Set Up a Frequent Flier to Keep Customer Loyalty 23 Add Scheduled Services to International Markets 23 Conclusion 23 Works Cited 25 Introduction to Allegiant Airlines Company Background and History Allegiant Airlines had its humble beginning in Fresno, California, in 1997 when it was incorporated as WestJet Express. Before WestJet Express could get their certification from the FAA they had to settle disputes with two other airlines, West Jet Air Center of Rapid City, South Dakota, and with WestJet Airlines of Calgary, Alberta, Canada. WestJet Express took on the name of Allegiant Airlines settling the disputes and received their transport certificate in 1998 ("Allegiant Air Information"). Allegiant began their first scheduled flight on October 15, 1999 with service between Las Vegas and Fresno, California
Financial Analysis Project Go to the Cango intranet http://myphlip2.pearsoncmg.com/masteringbusiness/cango/ and pull the financial statements. Use these to fill out the table found in Doc Sharing labeled Financial Analysis Project. Ratio | Formula(express the ratio in words) | Detailed Calculation(actual numbers from the financial statements used for the calculation) | Final number(Final result of the detailed calculation) | Explanation of why it is important | Efficiency RatioReceivable Turnover | sales/accounts receivables | 51,000,000/33,000,000 | 1.5455 | Shows the sales average of the accounts receivables | Efficiency RatioInventory Turnover | Sales/Inventory | 51,000,000/32,000,000 | 1.5938 | Shows how many times CanGo inventory sold and replaced over a period. |
Industry The global airline industry consist of airline firms offering domestic air transportation and/or cargo through routes based on a regular schedule. Companies whose main business were providing mail using the air transportation of mail is also a part of the industry. In December 2006 the International Air Transport Association (IATA) that passenger revenues would rise by five percent to $475 billion and cargo revenues would rise by six percent to $380 billion by 2007. The IATA also predicted that the industry gain profits of about $2.5 billion since the 9/11 terrorist attack in 2001. There are three types of domestic airline carriers: network, low cost and regional carriers.
Cash flow per share= $3.00 Price /cash flow ratio= 8.0 8.0 x 3.00 = $24.00 $24.00 / $1.50 = 16 (P/E) 3-5 ROE $100millions (sales) x 3% (profit margin) = $30 million (Net income) Net Income/assets= ROE $30 millions/$50 millions (total assets) = 6% 6% x 2.0 (equity multiplier) = 12% (ROE) 3-6 Du Pont Analysis ROA=10% Profit margin= 2% ROE= 15% ROA x Equity Multiplier= ROE (Profit Margin) (Total asset turnover)= ROA 10/2=5 (this is the firm’s total asset turnover) 15/10=1.5 (this is the firm’s equity multiplier) 3-7 Current and Quick Ratios Current assets= $3 million Current ratio= 1.5 Quick ratio= 1.0 Current assets/ Current liability= current ratio $3million/1.5= $2 million (level of current liability) Current Assets - Current Liability= Inventory $3millions – $2 millions = $1 million (level of
1. Why did Boeing adopt the radical change approach for designing and developing the 787 Dreamliner? What were the risks? In your opinion, was it a good move? Defend your choice.
Explain the problem(s) associated with the labor productivity. Quantity $/Unit Deluxe car 4,000 units sold $8,000/car Limited car 6,000 units sold $9,500/car Labor. Deluxe 20,000 hours $12/hour Labor. Limited 30,000 hours $14/hour Solution: Firstly, we use the single-factor productivity for measuring productivity as explained below: The labor productivity (in hours) for Deluxe car: Units sold = 4,000 = 0.2 units per labor hour. Labor hours 20,000 The labor productivity (in hours) for Limited car: Units sold = 6,000 = 0.2 units per labor hour.
E 21–4: Summary entries for cash received from customers LO21–3 For each of the three independent situations below, prepare journal entries that summarize the selling and collection activities for the reporting period in order to determine the amount of cash received from customers and to explain the change in each account shown. All dollars are in millions. Situation 1 Sales | $200 | Received on account | $0 | Cash received | $200 | Summary Entry 1 Description | Debit | Credit | Cash | $200 | | Sales Revenue | | $200 | Situation 2 Sales | $200 | Received on account | $10 | Cash received | $190 | Summary Entry 2 Description | Debit | Credit | Cash (received from customers) | $190 | |
1) Current ratio= 2,186,520/2,919,000 = .749 = .75 times Quick ratio= (2,186,520-1,037,120)/ 2,919,000 = .39 times Cash ratio= 441,000/2,919,000 = .15 times Total asset turnover= 30,499,420 / 18,308,920 = 1.66 times Inventory turnover= 22,224,580 / 1,037,120 = 21.42 times Receivables turnover= 30,499,420 / 708,400 = 43.05 times Total debt ratio= (18,308,920 - 10,069,920) / 18,308,920 = .44 times Debt–equity ratio= (2,919,000 + 5,320,000) / 10,069,920 = .81 times Equity multiplier= 18,308,920 / 10,069,920 = 1.81 times Times interest earned= 3,040,660 / 478,240 = 6.35 times Cash coverage ratio= (3,040,660 + 1,366,680) / 478,240 = 9.21 times Profit margin= 1,537,452 / 30,499,420 = .050 = 5.0% Return on assets= 1,537,452 / 18,308,920 = .083 = 8.39% Return on equity= 1,537,452 / 10,069,920 = .152 = 15.26% 2) Boeing is probably not a good aspirant company. Even though both companies manufacture airplanes, S&S Air manufactures small airplanes, while Boeing manufactures large, commercial aircraft. These are two different markets. Additionally, Boeing is heavily involved in the defense industry, as well as Boeing Capital, which finance airplanes. Bombardier is a Canadian company that builds business jets, short-range airlines and fire-fighting amphibious aircraft and provides defense-related services.