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Aircraft Rental Instruction Business Plan

Lansing Aviation

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Company Summary

Lansing Aviation is a new company that provides aircraft rental for general aviation enthusiasts, flight instruction, and a dependable aircraft to build flight hours. We will focus on aircraft rental for registered pilots and rental for beginning and advanced flight training. Initially we will be marketing our new business with aircraft specifications which include:

  • Clean, safe, and nice-looking aircraft readily available.
  • Professionally maintained by certified aviation technicians.
  • Continuously updated with leading-edge avionics.

2.1 Company Ownership

Lansing Aviation, LLC has been created and legally organized as a Michigan Limited Liability Company based in Lansing, Michigan. The principle investors and operators will be responsible for all airplane acquisitions and company decisions.

2.2 Start-up Summary

The start-up costs of Lansing Aviation, LLC include:

  • An aircraft down payment.
  • Office expenses.
  • Down payment on aircraft renter's and flight instructor's insurance.
  • Hangar deposit and first month's rent.
  • Aircraft loan application fees.
  • ADF radio purchase.
  • A small cash reserve.
  • Legal costs.

These are detailed on the following chart and table.

Start-up
Requirements
Start-up Expenses
Legal -- Attorney Fees £400
Office Supplies / Expenses £200
Consultants £0
Aircraft Insurance Down Payment £925
Expensed Equipment £0
Hanger Down Payment + 1st Mo. Rent £600
New ADF Radio £575
Aircraft 10% Down Payment £3,600
MBNA Loan Origination Fee £250
Total Start-up Expenses £6,550
Start-up Assets
Cash Required £300
Other Current Assets £0
Long-term Assets £36,000
Total Assets £36,300
Total Requirements £42,850
Start-up Funding
Start-up Expenses to Fund £6,550
Start-up Assets to Fund £36,300
Total Funding Required £42,850
Assets
Non-cash Assets from Start-up £36,000
Cash Requirements from Start-up £300
Additional Cash Raised £0
Cash Balance on Starting Date £300
Total Assets £36,300
Liabilities and Capital
Liabilities
Current Borrowing £0
Long-term Liabilities £32,400
Accounts Payable (Outstanding Bills) £0
Other Current Liabilities (interest-free) £0
Total Liabilities £32,400
Capital
Planned Investment
Michael J. Zorn - president £10,450
Investor £0
Other £0
Additional Investment Requirement £0
Total Planned Investment £10,450
Loss at Start-up (Start-up Expenses) (£6,550)
Total Capital £3,900
Total Capital and Liabilities £36,300
Total Funding £42,850

2.3 Company Locations and Facilities

Lansing Aviation will operate its aircraft out of Capital City Airport (LAN) in Lansing, Michigan. The aircraft will be hangared on the airport located just north of the I-96 Expressway and Airport Road exit. Students, renters, and instructors will be given full access to the hangar facilities. The aircraft records, scheduling, and office will be located at an off-airport location 15 miles north of Capital City Airport.

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Start-up
Requirements
Start-up Expenses
Legal -- Attorney Fees £400
Office Supplies / Expenses £200
Consultants £0
Aircraft Insurance Down Payment £925
Expensed Equipment £0
Hanger Down Payment + 1st Mo. Rent £600
New ADF Radio £575
Aircraft 10% Down Payment £3,600
MBNA Loan Origination Fee £250
Total Start-up Expenses £6,550
Start-up Assets
Cash Required £300
Other Current Assets £0
Long-term Assets £36,000
Total Assets £36,300
Total Requirements £42,850
Start-up Funding
Start-up Expenses to Fund £6,550
Start-up Assets to Fund £36,300
Total Funding Required £42,850
Assets
Non-cash Assets from Start-up £36,000
Cash Requirements from Start-up £300
Additional Cash Raised £0
Cash Balance on Starting Date £300
Total Assets £36,300
Liabilities and Capital
Liabilities
Current Borrowing £0
Long-term Liabilities £32,400
Accounts Payable (Outstanding Bills) £0
Other Current Liabilities (interest-free) £0
Total Liabilities £32,400
Capital
Planned Investment
Michael J. Zorn - president £10,450
Investor £0
Other £0
Additional Investment Requirement £0
Total Planned Investment £10,450
Loss at Start-up (Start-up Expenses) (£6,550)
Total Capital £3,900
Total Capital and Liabilities £36,300
Total Funding £42,850