Private business aviation as an alternative to commercial airline travel.An alternative to commercial airline travel (which is often expensive and cumbersome cum·ber·some adj. 1. Difficult to handle because of weight or bulk. See Synonyms at heavy. 2. Troublesome or onerous. cum ) is private business aviation. Options include charter flights, timeshares and leases or purchases of a business jet. For purchases, it may be preferable for a related leasing entity to buy the jet, such as a limited liability company (LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ).When purchasing, it is important to take into account the passive activity loss rules if the leasing activity will generate a net operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. . Net present value (NPV NPV See: Net present value ) calculations (which include the new 50% bonus depreciation deduction deduction, in logic, form of inference such that the conclusion must be true if the premises are true. For example, if we know that all men have two legs and that John is a man, it is then logical to deduce that John has two legs. enacted as part of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA JGTRRA Jobs and Growth Tax Relief Reconciliation Act of 2003 )) indicate a strong preference for purchasing a jet. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the National Business Aviation Association, companies invest in private aviation primarily to save time and improve employee productivity. With commercial airline service available at 500 national airports and private aviation at more than 5,000, convenience is also a factor. Before committing its resources, however, a company should analyze whether private business aviation meets its travel requirements. This depends on how many employees will be using the aircraft and the cost savings, as well as the transaction's accounting method and the potential tax benefits. A company that wants to use private aviation, but is reluctant to own a plane directly, should consider forming a partnership comprised of employee-shareholders who would lease the plane to the company. Charter Flight Service Companies with less than 100 hours of business travel per year will find charter-flight service most economical when four or more employees travel to the same destination. Some charter-flight service companies have recently launched membership programs, permitting companies to purchase a set amount of flying time with few strings attached; see Carey
Carey is the name of several places:
Fractional Ownership In business, fractional ownership is a percentage share of an expensive asset. Shares are sold to individual owners. A fractional owner enjoys priorities and privileges, such as reduced rates, priority access on holidays and income sharing. Companies with as few as 100 flight hours per year should consider purchasing a one-eighth n. 1. an eightht part. Noun 1. one-eighth - one part in eight equal parts eighth common fraction, simple fraction - the quotient of two integers fractional-aircraft-ownership interest. Fractional ownership is a lien-free interest not affected or encumbered Encumbered A property owned by one party on which a second party reserves the right to make a valid claim, e.g., a bank's holding of a home mortgage encumbers property. by other owners' financial obligations, and it offers the benefits of private aviation without the burden of management responsibilities. A company selling fractional-ownership interests manages the owner's interest for a monthly fee, which covers all fixed costs fixed costs, n.pl the costs that do not change to meet fluctuations in enrollment or in use of services (e.g., salaries, rent, business license fees, and depreciation). (e.g., pilot salaries and training, storage, regular refurbishment re·fur·bish tr.v. re·fur·bished, re·fur·bish·ing, re·fur·bish·es To make clean, bright, or fresh again; renovate. re·fur , administration and insurance). Fractional fractional size expressed as a relative part of a unit. fractional catabolic rate the percentage of an available pool of body component, e.g. protein, iron, which is replaced, transferred or lost per unit of time. owners are legally liable for passenger safety and should carry insurance sufficient to cover any admitted or legal liability. In addition to the initial fractional-share purchase price and annual fixed costs, there is an occupied hourly fee based on the number of flight hours per year, which covers fuel, maintenance, flight crew and catering, and Federal excise taxes excise taxes, governmental levies on specific goods produced and consumed inside a country. They differ from tariffs, which usually apply only to foreign-made goods, and from sales taxes, which typically apply to all commodities other than those specifically exempted. . This fee is based on the actual time fractional owners spend on the plane flying to their destination (excluding time required to ferry the aircraft to the departure location). If the particular aircraft is not available for a desired flight time, the timeshare A form of shared property ownership, commonly in vacation or recreation condominium property, in which rights vest in several owners to use property for a specified period each year. company will dispatch A dispatch or dispatches can refer to:
Most timeshare agreements are for five years and permit carryover carryover n. in taxation accounting, using a tax year's deductions, business losses or credits to apply to the following year's tax return to reduce the tax liability. (See: carryback) of unused hours to subsequent years, as long as the total hours used in any five-year period do not exceed 1,000. Some fractional-ownership programs require a mandatory repurchase agreement Repurchase agreement An agreement with a commitment by the seller (dealer) to buy a security back from the purchaser (customer) at a specified price at a designated future date. every five years, while others involve a simple renewal of the management agreement at prevailing monthly and hourly rates. Commercial and charter airline expenditures are treated similarly for financial accounting and tax purposes. Charter aviation expenses are deductible That which may be taken away or subtracted. In taxation, an item that may be subtracted from gross income or adjusted gross income in determining taxable income (e.g., interest expenses, charitable contributions, certain taxes). as travel expenses under Sec. 162(a)(2) and Regs. Sec. 1.162-1(a) if they are adequately documented and substantiated as ordinary and necessary. The proper accounting treatment of a fractional-ownership interest is determined by whether the transaction is classified as a capital lease (purchase) or as an operating lease Operating Lease A lease contract that allows the use of an asset, but does not convey rights similar to ownership of the asset. Notes: An operating lease is not capitalized it is accounted for as a rental expense. under Financial Accounting Standards Board Financial Accounting Standards Board (FASB) Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP). (FASB FASB See: Financial Accounting Standards Board FASB See Financial Accounting Standards Board (FASB). ) Financial Accounting Statement No. 13, Accounting for Leases. Purchase of Aircraft A company with more than 400 flight hours per year may want to purchase a business jet. With the wide range of aircraft to choose from, it can match its budget to its air travel needs. Unlike an automobile, an airplane's residual value Residual value Usually refers to the value of a lessor's property at the time the lease expires. residual value The price at which a fixed asset is expected to be sold at the end of its useful life. declines only modestly, due to the high demand for used aircraft. Example 1: C Corp. is considering whether to purchase a business jet to ease the travel demands made on its sales and marketing team, which in the past year booked over 400 flight hours. Flight delays, canceled flights and security issues plagued the team, resulting in the cancellation and/or and/or conj. Used to indicate that either or both of the items connected by it are involved. Usage Note: And/or is widely used in legal and business writing. rescheduling of key presentations. To avoid similar situations, C is considering buying a business jet. If so, it would hold the jet for 60 months, and plans on using an 8% discount rate, incurring in·cur tr.v. in·curred, in·cur·ring, in·curs 1. To acquire or come into (something usually undesirable); sustain: incurred substantial losses during the stock market crash. 2. a 3% sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. and paying a 9% interest rate annually. Its marginal tax rate Marginal Tax Rate The amount of tax paid on an additional dollar of income. As income rises, so does the tax rate. Notes: Many believe this discourages business investment because you are taking away the incentive to work harder. is 35%. A jet is depreciated Depreciated may refer to:
A 1986 act that set out rules for the depreciation of qualifying assets, allowing for greater acceleration over longer periods of time. depreciation and would be eligible for the 50% bonus depreciation deduction if it is "original use" equipment purchased on or after May 5, 2003 and before 2005; see Regs. Sec. 1.48-2(6)(7) and JGTRRA Section 201(a). As shown in Exhibit 1 below, purchasing is preferable to leasing and results in a NPV savings of over $9.8 million without bonus depreciation, and over $10.6 million with it. The NPV of the cash outflows is reduced by 5.7% with a bonus depreciation election. Management fees and occupied hourly fees hourly fees see fees. also affect the cash outflows' NPV, but they are not considered, because they are the same whether or not the transaction is treated as a purchase or as an operating lease. Alternate Ownership Strategies A publicly traded corporation may be reluctant to purchase a business jet, as this can have a negative effect on its balance sheet, earnings per share (EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. ) or stock price. Alternately, it can create a separate entity to purchase the jet and lease it back to the corporation. To avoid financial statement consolidation with the new entity, the corporation cannot have a majority interest in the leasing entity; see FASB, Interpretation No. 46, Consolidation of Variable Interest Entities. An entity formed by shareholder-employees to conduct business with a related corporation will avoid the consolidated financial statement Consolidated financial statement A financial statement that shows all the assets, liabilities, and operating accounts of a parent company and its subsidiaries. requirement, but must have a business purpose and be a valid tax entity; see Masoni, TC Memo 1968-129; Interior Securities Corp., 38 TC 330 (1962); and Grenada Grenada (grĭnā`də), independent state within the Commonwealth of Nations (2005 est. pop. 89,500), 133 sq mi (344 sq km), in the Windward Islands, West Indies. Indus Indus (ĭn`dəs), chief river of Pakistan, c.1,900 mi (3,060 km) long, rising in the Kailas range in the Tibetan Himalayas, and flowing W across Jammu and Kashmir, India, then SW through Pakistan to the Arabian Sea SE of Karachi. ., Inc., 17 TC 231 (1951). Care must be taken to negotiate a "fair rental value rental value n. the amount which would be paid for rental of similar property in the same condition in the same area. Evidence of rental value becomes important in lawsuits in which loss of use of real property or equipment is an issue, and the rental value is the " lease between the entity and the corporation, to avoid Sec. 482, which gives the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. the authority to reallocate Verb 1. reallocate - allocate, distribute, or apportion anew; "Congressional seats are reapportioned on the basis of census data" reapportion allocate, apportion - distribute according to a plan or set apart for a special purpose; "I am allocating a loaf of income and deductions to reflect clearly the separate incomes of the entities involved. An LLC is one possible entity choice. Under the Regs. Sec. 301.7701-1 "check-the-box" provisions, an LLC can be treated as a partnership, permitting losses from the rental activity to flow through to the members. Also, if the LLC were to become profitable, this structure would avoid double taxation. LLC members may participate in management without losing their limited liability status, which is crucial in meeting the Sec. 469 material-participation requirements. In a recent district court case, Gregg Gregg can refer to:
2. A positive statute, unrepealed, can never be repealed by non-user alone. 4 Yeates, Rep. 181; Id. 215; 1 Browne's Rep. Appx. 28; 13 Serg. & Rawle, 447. " as applied to LLC members, because an LLC is materially distinguishable from a limited partnership. Thus, LLC members can meet these requirements without jeopardizing their limited liability status. In addition to the standard purchase/lease input parameters used in Exhibit 2 below, the Sec. 469 passive-activity limits are incorporated into the NPV analysis and affect an LLC member's after-tax af·ter-tax also af·ter·tax adj. Relating to or being that which remains after payment, especially of income taxes: after-tax profits. cashflow. Each member's share of flowthrough profit (or loss) is computed with and without bonus depreciation and with and without meeting the material-participation standard. Example 2: The facts are the same as in Example 1, except that three C shareholder-employees form an LLC, purchase the jet and lease it to C for the jet's fair rental value. Each member has a 35% Federal marginal tax rate. Whether or not the material-participation standard is met, the LLC members are better off purchasing the aircraft rather than leasing it. Exhibit 3, on p. 467, shows that by electing the 50% bonus depreciation deduction on a new business jet acquired after May 5, 2003 and before 2005, each LLC member increases his or her cashflow by over $460,000, if he or she meets the material-participation requirement, and by over $31,000, if he or she does not. Conclusion Preferably pref·er·a·ble adj. More desirable or worthy than another; preferred: Coffee is preferable to tea, I think. pref , the LLC will purchase the business jet and lease it to the corporation, and the LLC members will meet the Sec. 469 material-participation rules. The LLC members receive an ordinary loss on their individual income tax returns; the corporation has a dedicated aircraft at its disposal, without having to book an additional liability on its balance sheet. If the jet's rental and operating costs operating costs npl → gastos mpl operacionales approximate the company's current travel costs, there is no adverse effect on the corporation's EPS. Private jet charter and fractional aircraft ownership can be an important cost-savings device for a company with substantial travel costs and can mitigate mit·i·gate v. To moderate in force or intensity. mit  i·ga tion n. the problems employees
encounter when taking commercial flights.The spreadsheet spreadsheet Computer software that allows the user to enter columns and rows of numbers in a ledgerlike format. Any cell of the ledger may contain either data or a formula that describes the value that should be inserted therein based on the values in other cells. used in the NPV analysis is available at www.biz biz n. Informal Business. biz Noun Informal business Noun 1. .colostate. edu/faculty/cherieo.
Exhibit 1: Lease or purchase of a 100% interest in a business jet
Marginal tax rate 35%
Downpayment/security deposit $ 5,100,000
Lease:
Monthly lease payment
(including sales/use tax) $ (615,653)
Year 1 2
Cash outflow $17,587,832 $ 7,387,832
Cash inflow/tax savings $(4,370,741) $ (2,585,741)
Net cashflow $13,217,091 $ 4,802,091
Annual present value $13,217,091 $ 4,446,380
NPV of cashflows, if leased $24,495,196
Purchase:
Purchase price,
including sales/use taxes $52,530,000
Residual value at end of
holding period @ 90.51% $46,160,100
Monthly payment
(includes sales/use taxes) $ (984,569)
Without bonus depreciation:
Year 1 2
Cash outflow $16,914,825 $ 11,814,825
Cash inflow/tax savings $(4,009,616) $ (5,626,699)
Net cashflow $12,905,210 $ 6,188,126
Annual present values $12,905,210 $ 5,729,747
NPV of cashflows, if purchased $14,684,543
Difference in cash
outflow (purchase -- lease) $ 9,810,652
With bonus depreciation:
Year 1 2
Cash outflow $16,914,825 $ 11,814,825
Cash inflow/tax savings $(8,737,079) $ (4,275,917)
Net cashflow $ 8,177,746 $ 7,538,909
Annual present values $ 8,177,746 $ 6,980,471
NPV of cashflows, if purchased $13,848,265
Difference in cash
outflow (purchase -- lease) $10,646,931
Difference in cash outflow
(no bonus -- with bonus) $ 836,278
% decrease in NPV of cash outflow
by electing bonus depreciation 5.7%
Marginal tax rate
Downpayment/security deposit
Lease:
Monthly lease payment
(including sales/use tax)
Year 3 4
Cash outflow $ 7,387,832 $ 7,387,832
Cash inflow/tax savings $(2,585,741) $ (2,585,741)
Net cashflow $ 4,802,091 $ 4,802,091
Annual present value $ 4,117,019 $ 3,812,054
NPV of cashflows, if leased
Purchase:
Purchase price,
including sales/use taxes
Residual value at end of
holding period @ 90.51%
Monthly payment
(includes sales/use taxes)
Without bonus depreciation:
Year 3 4
Cash outflow $11,814,825 $ 11,814,825
Cash inflow/tax savings $(4,057,252) $ (2,879,019)
Net cashflow $ 7,757,573 $ 8,985,807
Annual present values $ 6,650,869 $ 7,133,223
NPV of cashflows, if purchased
Difference in cash
outflow (purchase -- lease)
With bonus depreciation:
Year 3 4
Cash outflow $11,814,825 $ 11,814,825
Cash inflow/tax savings $(3,092,565) $ (2,140,114)
Net cashflow $ 8,722,260 $ 9,674,711
Annual present values $ 7,477,932 $ 7,680,098
NPV of cashflows, if purchased
Difference in cash
outflow (purchase -- lease)
Difference in cash outflow
(no bonus -- with bonus)
% decrease in NPV of cash outflow
by electing bonus depreciation
Marginal tax rate
Downpayment/security deposit
Lease:
Monthly lease payment
(including sales/use tax)
Year 5 Total
Cash outflow $ 7,387,832 $ 47,139,158
Cash inflow/tax savings $(8,880,762) $(21,008,726)
Net cashflow $(1,492,930) $ 26,130,432
Annual present value $(1,097,348) $ 24,495,196
NPV of cashflows, if leased
Purchase:
Purchase price,
including sales/use taxes
Residual value at end of
holding period @ 90.51%
Monthly payment
(includes sales/use taxes)
Without bonus depreciation:
Year 5 Total
Cash outflow $ 11,814,825 $ 64,174,127
Cash inflow/tax savings $(35,942,424) $(52,465,010)
Net cashflow $(24,]27,598) $ 11,709,118
Annual present values $(17,734,505) $ 14,684,543
NPV of cashflows, if purchased
Difference in cash
outflow (purchase -- lease)
With bonus depreciation:
Year 5 Total
Cash outflow $ 11,814,825 $ 64,174,127
Cash inflow/tax savings $(34,219,335) $(52,465,010)
Net cashflow $(22,404,509) $ 11,709,118
Annual present values $(16,467,983) $ 13,848,265
NPV of cashflows, if purchased
Difference in cash
outflow (purchase -- lease)
Difference in cash outflow
(no bonus -- with bonus)
% decrease in NPV of cash outflow
by electing bonus depreciation
Exhibit 2: Lease or purchase of a business jet, input variables, 2003
Input range
10 years 5 years
General information:
Monthly payments in Year 1 12 12
Discount rate 8% 8%
Sales/use tax 3% 3%
Marginal tax rate 35% 35%
Purchase information:
Eligible for 50% bonus depreciation? 1 1
Total number of monthly loan payments 120 60
Purchase price, before sales/use taxes $51,000,000 $51,000,000
Downpayment, if purchased $5,100,000 $5,100,000
Interest rate, if financed 9% 9%
Lease information:
Total number of monthly lease payments 120 60
FMV, if leased $51,000,000 $51,000,000
Monthly lease payment from
aircraft company before sales/use tax $466,653 $597,721
Downpayment, if leased $5,100,000 $5,100,000
Residual value % after 10 years 90.21% 90.51%
Security deposit (refunded at end
of lease; escrowed at discount rate) $5,100,000 $5,100,000
Rental information:
Total number of monthly rental payments 120 60
Monthly rental income before sales/use tax $466,653 $597,721
Downpayment $5,100,000 $5,100,000
Security deposit (refunded at end of
rental period; escrowed at discount rate) $5,100,000 $5, 100,000
Percentage ownership in aircraft 33.33% 33.33%
Material participant (1 = yes (ownership
% >10% and 500-hour test met), 0 = no) 1 1
Marginal tax rate,
if not a material participant 35% 35%
Exhibit 3: Meeting/not meeting material-participation
test (with/without bonus depreciation)
Rental of business jet
1/3 ownership interest 38.6%
Marginal tax rate $ 1,700,000
Downpayment/security
deposit $52,530,000
Purchase price,
including sales/use taxes $46,160,100
Residual value at end
of holding period @ 90.51% $ (328,190)
1/3 of monthly payment
(includes sales/use taxes) $ (328,190)
Lease payment $ (597,721)
1. Material participation,
without bonus depreciation
Year 1 2 3
Rent income $ 4,162,610 $ 2,462,610 $ 2,462,610
Rent expense $ 3,818,681 $ 5,358,761 $ 3,864,050
Net income (loss) $ 343,929 $(2,896,151) $(1,401,439)
Tax savings (expense) $ (132,757) $ 1,117,914 $ 540,956
Net cashflow, if leased $(1,608,421) $ (357,750) $ (934,709)
Annual present values $(1,608,421) $ (331,250) $ (801,362)
NPV cashflows, if purchased $ 2,923,933
Internal rate of return 32.2%
2. Material participation,
with bonus depreciation
Year 1 2 3
Rent income $ 4,162,610 $ 2,462,610 $ 2,462,610
Rent expense $ 8,321,028 $ 4,072,301 $ 2,945,300
Net income (loss) $(4,158,417) $(1,609,691) $ (482,690)
Tax savings (expense) $ 1,605,149 $ 621,341 $ 186,318
Net cashflow, if leased $ 129,484 $ (854,324) $(1,289,346)
Annual present values $ 129,484 $ (791,041) $(1,105,407)
NPV cashflows, if purchased $ 3,231,364
Internal rate of return 60.0%
Difference in
cashflow (with
bonus -- without bonus) $307,431
% increase in
NPV of cashflow 10.5%
3. No material
participation, no
bonus depreciation
Year 1 2 3
Rent income $ 4,162,610 $ 2,462,610 $ 2,462,610
Rent expense $ 3,818,681 $ 5,358,761 $ 3,864,050
Net income (loss) $ 343,929 $(2,896,151) $(1,401,439)
Tax savings (expense) $ (132,757) $ -- $ --
Net cashflow, if leased $(1,608,421) $(1,475,665) $(1,475,665)
Annual present values $(1,608,421) $(1,366,356) $(1,265,145)
NPV cashflows, if purchased $ 2,639,105
Internal rate of return 25.0%
4. No material
participation, with
bonus depreciation
Year 1 2 3
Rent income $ 4,162,610 $ 2,462,610 $ 2,462,610
Rent expense $ 8,321,028 $ 4,072,301 $ 2,945,300
Net income (loss) $(4,158,417) $(1,609,691) $ (482,690)
Tax savings (expense) $ 0 $ 0 $ 0
Net cashflow, if leased $(1,475,665) $(1,475,665) $(1,475,665)
Annual present values $(1,475,665) $(1,366,356) $(1,265,145)
NPV cashflows, if purchased $ 2,674,281
Internal rate of return 25.8%
Difference in cashflow
(with bonus -- without
bonus) 35,176
% increase in
NPV of cashflow 1.3%
1. Material participation,
without bonus depreciation
Year 4 5 Total
Rent income $ 2,462,610 $13,942,829 $25,493,271
Rent expense $ 2,694,303 $ 1,749,099 $17,484,895
Net income (loss) $ (231,693) $12,193,731 $ 8,008,377
Tax savings (expense) $ 89,433 $(4,706,780) $(3,091,234)
Net cashflow, if leased $(1,386,231) $ 9,204,255 $ 4,917,144
Annual present values $(1,100,435) $ 6,765,402 $ 2,923,934
NPV cashflows, if purchased
Internal rate of return
2. Material participation,
with bonus depreciation
Year 4 5 Total
Rent income $ 2,462,610 $15,114,774 $26,665,216
Rent expense $ 2,038,204 $ 1,280,006 $18,656,839
Net income (loss) $ 424,407 $13,834,768 $ 8,008,377
Tax savings (expense) $ (163,821) $(5,340,220) $(3,091,233)
Net cashflow, if leased $(1,639,486) $ 8,570,815 $ 4,917,143
Annual present values $(1,301,477) $ 6,299,805 $ 3,231,364
NPV cashflows, if purchased
Internal rate of return
Difference in
cashflow (with
bonus -- without bonus)
% increase in
NPV of cashflow
3. No material
participation, no
bonus depreciation
Year 4 5 Total
Rent income $ 2,462,610 $13,942,829 $25,493,271
Rent expense $ 2,694,303 $ 1,749,099 $17,484,895
Net income (loss) $ (231,693) $12,193,731 $ 8,008,377
Tax savings (expense) $ -- $(2,958,477) $(3,091,234)
Net cashflow, if leased $(1,475,665) $10,952,558 $ 4,917,142
Annual present values $(1,171,430) $ 8,050,457 $ 2,639,105
NPV cashflows, if purchased
Internal rate of return
4. No material
participation, with
bonus depreciation
Year 4 5 Total
Rent income $ 2,462,610 $15,114,774 $26,665,216
Rent expense $ 2,038,204 $ 1,280,006 $18,656,839
Net income (loss) $ 424,407 $13,834,768 $ 8,008,377
Tax savings (expense) $ 0 $(3,091,233) $(3,091,233)
Net cashflow, if leased $(1,475,665) $10,819,802 $ 4,917,142
Annual present values $(1,171,430) $ 7,952,877 $ 2,674,281
NPV cashflows, if purchased
Internal rate of return
Difference in cashflow
(with bonus -- without
bonus)
% increase in
NPV of cashflow
Fasten Your Seatbelt
Many companies with websites offer charter-flight service
or fractional-aircraft-ownership programs. Here ore some
of the more popular sites.
Bombardier Skyjet www.skyjet.com
Charter Auction www.charterauction.com
Delta Air Elite www.airelite.com
Flex Jet www.flexjet.com
Flight Options www.flightoptions.com
Jet Aviation www.jetaviation.com
Jet Limited NY www.jetlimited.com
Jetways www.jetways.com
Marquis Jet Partners www.marquisjet.com
Net Jets www.netjets.com
Sentient Private Jet Membership www.sentientjet.com
FROM CHERIE This article is about Cherie the pop and music artist. For Cherie (disambiguation), see Cherie (disambiguation). Cherie is a pop and dance music artist from France. In 2004 her hit "I'm Ready" hit #1 on the Hot Dance Music/Club Play chart. O'NEIL, PH.D., CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , PROFESSOR, COLLEGE OF BUSINESS, DONALD Donald (Domnall, Domhnall, Dumhnuil, Dónall) is an anglicized version of a Scottish or Irish Gaelic personal name, containing the elements dumno "world" and val "rule", viz. "ruler of the world". Compare Dumnorix. SAMELSON, PH.D., CPA, ASSOCIATE PROFESSOR AND INTERIM CHAIR, COLLEGE OF BUSINESS AND LINDA WINGATE, MSBA MSBA Maryland State Bar Association MSBA Minnesota State Bar Association MSBA Missouri School Boards' Association MSBA Minnesota School Boards Association MSBA Master of Science in Business Administration MSBA Microsoft Security Baseline Analyzer , COLORADO STATE UNIVERSITY Colorado State University, at Fort Collins; land-grant with state and federal support; chartered 1870, opened 1879 as an agricultural college, assumed present name in 1957. There is a veterinary teaching hospital, an agricultural campus, and a research campus. , FORT COLLINS, CO (NONE AFFILIATED WITH BAKER TILLY INTERNATIONAL Baker Tilly International is a global network of professional service firms. Member firms numbering 128 operate in over 85 countries worldwide, employing over 20,000 people. Total revenues for 2005 were $2. ) |
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