Spotlight Capital Holdings Inc (SLCH)

[Lesson Learned]

In digging a bit into the aircraft status at Twin Air I came across this....

Apparently all of Twin Air Calypso's planes are leased, none have registered ownership of Twin Air or Avstar. This is not too uncommon.

Avstar/Twin Air is presently leasing planes from Air Charters and Fountainhead Group.

I found a 5 year lease between Air Charters and Twin Air which commenced toward the end of 2010. This lease actually list 7 aircraft by registration numbers, they are four Cessna 402C's and three Piper PA-31's, that Air Charters had delivered to Twin Air. The lease terms are $2,150.00 per month, per plane, payable on the 15th of each month.

Twin Air is responsible for the payment whether the planes are flying or grounded. They are also responsible for all maint. costs.

I have not found any agreement yet with Fountainhead Group, still looking.

Also, the other aircraft which is owned by Aztec Worldwide, is "partnered" to Twin Air. I would guess a mutual agreement or trade-off between the two.

Just general information for anyone interested.

BTW - The service I used to find the lease allowed me to view the 8 page document, but wanted over $100.00 to download or print.