Citation 501 Jet Program Costs
An Overview of our program is seen by going to the web page http://www.nshoreair.com/YourJet2.html click on
INFO & more or BIG PICTURE links that are underlined (blue) words on that page. This will provide the
snapshot, and FLYING FRACTIONAL generally describes operations and first come scheduling on our Calendar
(free & easy to use) blocking out the aircraft for owner's use. Costs:
1. Ownership $89,000 USD. Undivided title to 1/8 share of C-501SP
2. Monthly Management Fee waived except for out of pocket expenses all other costs are 1/8 of Direct Cost;
insurance*, hangar, mechanic, navigation charts, subscriptions to a Citation maintenance & tracking Program
3. Maintenance reserve of $272. Per flight hour
4. Maintenance Account deposit credit to Owner's Personal share for unscheduled maintenance-held in Escrow.
If not used returns in full to Owner when reselling their position less unscheduled maintenance expense.
$7,000.00.
5. Contract Pilots are available until you or your pilot (s) are qualified. Fuel is a direct costs paid on a
Pass through accounting basis, no surcharges, landing and handling costs are owners responsibility
* Insurance $ TBD** liability, any changes in coverage are relative to owners** requirements. Industry Norms.
The agreements that we use: AGREEMENTS REQUEST EMAIL Please provide individual name or Legal Entity
who would take title to the shared position and contact information. We can assist on setting up a holding or Off
Shore company if needed.
Contact:
Joseph Sandlin, Managing- Member
NorthShore Variables, LLC
North Shore Airways
Tel: 425-242-0827
NShoreAir@aol.com
All prices and services are subject to change and subject to verification at contract closing. Actual terms and
conditions are subject to definitive agreements.