Hmmm, weird, I was looking at sec.gov site for "furia" and found a sb/2-a for "Utilicraft Aerospace Industries, Inc". What would furia want with 10 aircraft for?:
We have also entered into a Letter of Intent to Lease a Fleet of FF-1080-300 Freight Feeder Aircraft between Furia Organization, Inc. and Fronthaul Intermodal, LLC (collectively “Furia”) and the Company dated February 16, 2006 (the “Furia LOI”). The Furia LOI sets forth the preliminary terms of an arrangement between the Company and Furia pursuant to which Furia intends to lease ten FF-1080-300 aircraft with an option to lease an additional ten aircraft. Furia intends to operate the aircraft under contract with a freight aircraft operator. The Company has further agreed to build and certify an Extended Range (ER) version of the FF-1080-300 aircraft for Furia. Furia will be responsible for negotiating the terms of lease of the aircraft and the Furia LOI sets the purchase price at $13,500,000 USD FOB per aircraft delivered, plus tax, shipping, transportation costs and other expenses. The purchase price is subject to adjustment in the event Furia makes lease payments directly to suppliers of certain components of the aircraft. The Company will be paid by the lessor of the aircraft pursuant to an Aircraft Purchase Agreement between the Company and the lessor. The Company may pay a broker a 10% commission if a broker is required to acquire a suitable lessor for Furia. The Furia LOI specifies that delivery schedules are to be negotiated and included in the to-be-negotiated Aircraft Purchase Agreement. The Company has not yet entered into substantive negotiations or any definitive lease or aircraft purchase agreements under the Furia LOI. Furia has agreed to provide the Company with an initial “good faith” deposit of $10,000 USD and upon entering into a lease agreement an additional $90,000 USD to be kept in escrow until the aircraft are being produced and to be applied to the purchase price as provided for in the Aircraft Purchase Agreement. Furia has paid neither the good faith deposit nor the additional escrow deposit yet. The Furia LOI is also conditioned upon John Dupont and his management team, remaining in majority ownership or control of the Company.
AI
