Chapter 393 Investing in Ente Flight Service Company
"Oh, that's it. I originally wanted to buy a Lear-55. It would be a pity if we couldn't take off and land here." Sun Dahai started fishing.
"Lear-55? Are you talking about the twin-engine business jet developed by Gates Learjet?"
Sun Dahai deliberately took the bait, and Gerald took the bait. He interrupted the conversation with the others and couldn't wait to ask Sun Dahai.
"Sorry, I don't know much about airplanes. I don't know if what you said is right. But I heard that it was developed by an American company and handed over to Bombardier in Canada for production."
"That should be it. Sun Dahai, do you want to buy such a plane?"
"Yes. Strictly speaking, this is the purchase of a business aircraft for my company. My company has a lot of business in the United States and has to travel around a lot. It will be much more convenient to have our own aircraft."
This is what Sun Dahai thinks in his heart.
Since Sun Dahai took a Learjet-55 executive aircraft, he feels very good about this kind of journey. The aviation environment and policies in the United States are very supportive of business aircraft and private aircraft.
So Sun Dahai has long been interested in buying one to use as a means of transportation for company executives in the United States.
As for the mainland, Sun Dahai didn't dare to think about it. Within at least ten years, Sun Dahai would not consider this issue. In the mainland, if he had the time to apply for a route, he would have reached his destination long ago by civil aviation.
"Then where are you going to recruit the crew?" Gerald asked eagerly.
Sun Dahai spread his hands and said: "Let's talk about recruiting crew members. I bought a business plane mainly to make it more convenient to travel to and from the ranch in the future. But if the nearby airport cannot take off and land, then I need to think about it again.
Already."
Joseph somewhat understood what Sun Dahai was thinking. He thought about it and said to Ent: "Ent, I remember someone wanted to cooperate with you to build an airport and flight service company a few years ago. What happened?"
Ent replied: "That company is a travel company, relatively small in scale, especially with insufficient funds. The conditions they proposed were pretty good, they invested US$6 million to acquire 60% of my shares.
But they have no cash and need to sign an equity transfer agreement first and then mortgage it to a bank to complete the acquisition. There is a lot of risk hidden in this.
In addition, you know, my flight service company (including Ent Airport) does not make any money. It mainly relies on various subsidies from the country and the state to achieve profitability.
After the other party becomes a shareholder, the subsidy will be distributed to them in proportion to their shareholding. If the average business volume cannot increase by more than 50%, for me, the income and profits will actually decrease.
In addition, the development plan they formulated does not meet my expectations. They do not want to improve the flight level of Ent Airport or increase the number of aircraft, but they want to use loans to build another airstrip in other counties to achieve direct flights.
I always felt that the real purpose of their investment was not to develop aviation business, but to obtain various aviation subsidies. So, in the end, I did not cooperate with them."
Sun Dahai curled his lips and thought to himself: Fortunately you did not cooperate with such a company. This situation is very common in any industry with subsidies. The key is who gets the money and who takes the blame.
For a relatively honest person like Ent, it is better to make money through his flying skills in a down-to-earth manner. Don't touch those crooked tricks easily.
"Mr. Ent, do you still have any ideas about cooperating with others? You know, I have just acquired Garrison Ranch, and I plan to continue to expand the scope of acquisitions, and will also develop tourism in the future. The current level of Ent Airport is really too low.
, so I want to invest in your flight service company."
Ent was stunned for a moment, then turned to look at Joseph.
Joseph nodded with a smile and said, "Yes, I was at the meeting at the ranch just now. Don't underestimate Sun Dahai. Although he is not old, he is still very courageous.
He plans to acquire surrounding ranches and build a large ranch for leisure tourism. Your flying skills and Ent Airport are definitely what he is more interested in. If you cooperate, when his ranch is built in the future, your flight service company will also
Benefited accordingly.”
Gerald was also beating the drum beside him: "Dad, didn't you always say that without external funds, it would be difficult for Ente Airport to develop on its own and improve its level? Now that Sun Dahai wants to cooperate, please consider it."
This naughty boy is also a good tricker. Sun Dahai didn't even make any promises, so he took the initiative to speak for Sun Dahai.
Fortunately, Sun Dahai didn't have any ill intentions. He really wanted to cooperate with Ent's flight service company for the future development of the ranch.
Ente looked at Sun Dahai, then at Joseph and Gerald. Under everyone's expectant eyes, Ente made a decision that would benefit his whole family for life.
"Okay, Sun Dahai, now that you have acquired Garrison Ranch, we will also be neighbors in the future. I look forward to your joining and developing Ent Flight Service Company together." After saying this, Ent stood up and said seriously.
He shook hands with Sun Dahai.
Ente did not reject Sun Dahai's request for a shareholding, which was a good start. Naturally, Chen Feng, Linkwood and the others were responsible for negotiating the specific conditions.
Sun Dahai's investment in Ent's flight service company is to give the locals a hint that Jiahua Investment Company's acquisition of Garrison Ranch, as well as other upcoming economic activities, is ready to take root and develop with peace of mind.
There are many things that need to be dealt with when investing in a company. But Sun Dahai doesn't care about these. He only asks Ent Airport to have a runway that can take off and land his planes in the future. That is enough.
After Ent's Independence Day holiday, it's time to get busy. Asset evaluation, various qualification certificates, landing agreements with other airports, etc. all need to be prepared by him in order to meet the review of Jiahua Investment Company.
Ente, who runs a small business, will not be like Sun Dahai, who immediately became a hands-off shopkeeper after coming up with an idea.
Sun Dahai did not completely ignore it. He made a promise to Gerald that when the Independence Day holiday was over, the company would order aircraft from Bombardier.
At the same time, he will ask Bombardier to conduct adaptive training for Gerard. If Gerard can pass the final test, Sun Dahai will hire him as the co-pilot of the aircraft.
The position of pilot and captain must be reserved for a truly experienced pilot. Gerald should start as co-pilot first and slowly accumulate experience.
By solving Gerald's problem, Sun Dahai killed two birds with one stone. Not only did the company's plane have a pilot, but Ent's heart was also stabilized, so that he could safely discuss joint venture matters with Jiahua Investment Company.