For sale operating business in the UAE

For sale operating business in the UAE

Dubai, Dubai, Other
€9 800 000 # 491
For sale operating business in the UAE

General data

Price €9 800 000
ID 491
Square footage 100
estate agent 6%
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Object Description

The company owns and leases 3 cargo aircraft.
The value of the business is $10 000000.
Assets - 3 Airbus A-300
Term of the lease agreement - 5 years with possibility of prolongation
Rent without taking into account idle time per year - USD 3. 744.000
Years of production: 1981, 1984 and 1983.
The planes undergo all routine maintenance works in due time.
The aircraft are approved by DHL for the transportation of its cargo.
S-Check aircraft maintenance, engine and landing gear replacement costs are paid by the Company and the lessee 50/50.
The Company only pays for insurance on its own
Average annual profitability is about 15.8% per annum
Average planned profitability for 2019-2021 is 22.4% per annum, excluding downtime for scheduled repairs
In accordance with our rental business model, the majority of the Company's expenses were incurred during the first 2 years of the lease, while the majority of our profits are generated in the remaining 2-3 years.
Thus, we have already replaced most of our engines and made all the first C-Checks.

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