File 026221
Email Chain on Aircraft Management and Depreciation Rules (File 026221)
October 2017 email correspondence between Jeffrey E. and Barry J. Cohen discussing aircraft maintenance, depreciation strategies, and switching between aircraft management services.
Summary
This email chain from October 2, 2017 documents discussions about aircraft management decisions, including consideration of switching from Jet Aviation to EJM, planned renovations (cushion changes, internet installation), and depreciation accounting strategies. The correspondence addresses whether a business plan demonstrates profitability after depreciation, and explores implications of new proposed depreciation rules under the Trump administration on aircraft usage classification (Jet vs. EJM). The thread also mentions a sale related to aircraft inventory.
From: Barry J. CohenSent: 10/2/2017 9:17:38 PMTo: jeffrey E. [jeeyacation@gmail.com]Subject: RE: Plane managementImportance: HighOn our to-do list, but back of the envelope, we satisfied ourselves that after depreciation, we would show a profit. (Inpart because Apollo charter payments factor in depreciation.)From: jeffrey E. [mailto:jeevacation@gmail.com]Sent: Monday, October 02, 2017 5:14 PMTo: Barry J. Cohen <1Subject: Re: Plane managementdid 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, buthaven't heard back from him. I think I talked him out of automating the divans. I agreed with what you said aboutthat.From: jeffrey E. [mailto:jeevacation@gmail.com]Sent: Monday, October 02, 2017 4:29 PMTo: Barry J. Cohen <Subject: Re: Plane managementisnt he changing the cushions? etc and adding internet?On Mon, Oct 2, 2017 at 4:23 PM, Barry J. Cohen -< > wrote:Ah yes.From: jeffrey E. [mailto:jeevacation@gmail.com]Sent: Monday, October 02, 2017 4:23 PMTo: Barry J. Cohen <Subject: Re: Plane managementnew depreciation rules proposed under trumpOn Mon, Oct 2, 2017 at 4:13 PM, Barry J. Cohen <M> 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 usebonus 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.HOUSE OVERSIGHT 026221From: jeffrey E. [mailto:jeevacation@gmail.com]Sent: Monday, October 02, 2017 3:42 PMTo: Barry J. Cohen <_______________________›; Melanie SpineIla <Subject: Re: Plane managementdont you want to see what the depreciation rules are. ? it depends on what you intend to do with it/ ? where doyou stand with the renovations and the sale of the 5On 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 iPhoneplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedHOUSE OVERSIGHT 026222please noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedplease noteThe information contained in this communication isconfidential, may be attorney-client privileged, mayconstitute inside information, and is intended only forthe use of the addressee. It is the property ofJEEUnauthorized use, disclosure or copying of thiscommunication or any part thereof is strictly prohibitedand may be unlawful. If you have received thiscommunication in error, please notify us immediately byreturn e-mail or by e-mail to jeevacation@gmail.com, anddestroy this communication and all copies thereof,including all attachments. copyright -all rights reservedHOUSE OVERSIGHT 026223