FLYHOUSE:BETTERFORYOU,BETTERFORYOURAIRCRAFT
It’syourasset—youraircraft—that’satthecoreoftheprivatejetmanagementandcharterbusiness. Thesecompaniesprofithandsomelybyoverchargingforstoring,maintaining,insuring,operatingand charteringplaneslikeyours.
AtFlyHouse,we’reseeingtoitthatthosedaysareover.
THEHARDTRUTH
Othermanagementcompanies(1)applypremiumstocostsandoperatingexpensesthatshouldbepassed-throughto owners,(2)dictatethepricingandtermsofcharterflightsthataren’tnecessarilytransparentoralignedwithowner interests,and(3)leaveownersonthehookforcharterrevenuesplits,eveniftheyresultinaloss.
Considerthis:insomecases,managementcompaniesreceiverebates(forinstance,fromfuelcosts)thatarenever refundedto—orevenbroughttotheattentionof—theownerswhopaidforthefuelinthefirstplace.Ofcourse,thislackof transparencywouldbeeasytoexposewithjustaquicklookattheirvendorcosts,butcompetingmanagementcompanies wouldnevermakethoseavailabletoyou.FlyHousewill.
That’snotall.Mostprivatejetmanagementandcharterbusinessesareincentivizedtooptimizetheuseoftheirfleets yourplaneincluded—regardlessofthelong-termnegativeimpact.Butallownersknowthatrunninganaircrafttoohotisa losingpropositionintermsofmaintenanceandassetvaluation.Asownersourselves,we’refullyawareofthis misalignment.
AtFlyHouse,wetakeanentirelydifferentapproachand manageyourassetthewayyouwantitmanaged
THEFLYHOUSEADVANTAGE
NOMOREOPAQUEMANAGEMENTANDMISALIGNEDINTERESTS
TRADITIONALMANAGEMENTCOMPANIES
FinancialHaziness:Ownersresponsibleforrevenuesplits, expenses,appliedpremiums,evenataloss
Middlemen:Charterbrokersdictatewhatoperatorsandplanes theywillseektoquote
ArduousProcess:Relianceonexpensivebrokersandanalog, outdatedbookingprocesses
DictatedTerms:Planebrokersselectpricingandtermsofcharters
Opacity:Managersreceivecostrebatesneverrefunded(andoften neverconveyed)toowners
Misalignedinterests:Mostprivatejetmanagementandcharter businessesareincentivizedtooptimizeuseofclientjets regardlessofthelong-termnegativeimpact
LackofAltruism:Ownerswhowanttodonateflightsmust independentlyseekoutthird-partycharities
FLYHOUSE
Awareness:Transparentpassthroughofcostsandexpenseswith nomarkups
Access:Utilizesfrictionlesstechnologytodirectlyconnect chartererswithplaneowners
Speed:Afterrequestedbids,charterersseeoptionsandpricing within5minutes
Control:Bothownersandchartererscontrolplanetypesandcosts offlights
Transparency:FlyHouseownersseeallvendorcostsand applicablerebates
AlignedInterests:FlyHouseisfullyawarethatrunninganaircraft toohotisalosingpropositionintermsofmaintenanceandasset valuation
Foundation:Ownershaveopportunitytodosocialgoodand receivetaxbenefits
REMOVINGPROFITFROMTHEEQUATION
ATFLYHOUSE,BUSINESSASUSUALISFARFROMUSUAL
OTHERCOMPANIES
FullTransparency
NoManagementFee
NoCostMarkups
RebatesReturnedtoOwners(fuel,training,FET,etc.)
PilotTrainingCostsAmortizing
PilotCompensationCapped
MostFavoredNationsContractProvisions
NoSetContractTerm
HomeBaseParkingPerDiem
CharterRevenueSplit
FLYHOUSEECONOMICS
ManagementFee
CostMarkups
RebatesReturnedtoOwners(fuel,training,FET,etc.)
TotalEstimatedMonthlySavingswithFlyHouse
EstimateAnnualSavingswithFlyHouse
$30,000+ $360,000 +
Note:TheaboveisanexampleofestimatedcostsavingstoanownerofaVanNuys-basedGulfstreamV
TRANSPARENTMANAGEMENTANDCHARTERSAREJUSTTHEBEGINNING LOOKINGFORWARDTOAFULLRANGEOFOFFERINGSFROMTHEFAMILYOFFLYHOUSECOMPANIES
FLYHOUSEUNIVERSITY FLIGHTSERVICES SALES&FINANCING
HoldsFAAaircarriercertificate, allowingcharteringforprofit
Providesaircraftmanagement servicesatnochargetoowners
Passesthroughonlytruecostsof servicesandpurchasestoowners
Receives20%offeeschargedto chartercustomers
FLIGHTSERVICES
Provideslinesofcredittoowners whomayrequirefinancingforfuel, maintenance,hangaring,etc.
Internalprofessionaldevelopment programwherepilots,flight attendantsandcrewsharpentheir skillsets
Buildscommunityandreinforces cultureofcollaborationandgrowth throughenjoyable,interactive education
Arrangesforsaleandacquisitionof privateaircraftforbothsellersand buyers
Hasexclusivearrangementwith leadingsalesandacquisition companytomanageoperations
INSURANCE FOUNDATION
Fullslateofaviationinsurance productsofferedtoownersandthe generalpublic.
Applicationforlicenseispending. FlyHouseInsuranceisintheworks.FlyHousewilleitherbeformingitso5aviationinsurance agencyorenteringintoajointventurewithacurrentleaderinthefield ApplicationwiththeIRSispending FlyHousewillreceivean operatingfee. Ownersmayelecttodeductfromtheirtaxableincomealloraportionoftheactualcostsofthedonatedflight,subject toandinaccordancewithapplicablelawsandregulations Ownersareencouragedtoseekadvicefromtheirowntaxadvisors
CaliforniaNonprofitPublicBenefit Corporation
Ownerswillhaveoptiontodonate charterflights
Ownersmayelecttodeduct costs/feesofdonatedflightsfrom theirtaxableincome
SO,WHEREDOWEMAKEOURMONEY?
FLYHOUSEISPAID20%OFCHARTERREVENUE,WHILEOWNERSRETAIN80%
It’sthatsimple.Wedon’tchargeamanagementfeeforownersthatchartertheirplanes.Inourview, imposingfeeslikethesewouldincreaseownercosts.That,inturn,wouldrequireownerstodemand moreforcharters,whichwouldonlyservetolimitownerrevenue.Instead,FlyHouseisentirelyaligned withowners’interests—wemakemoneywhentheydo.
ADDITIONALREVENUESOURCESINCLUDEA3.95%TECHNOLOGYFEEPAIDBYCHARTERERSPLUSOTHERINCOMEGENERATEDBY FLYHOUSEAFFILIATECOMPANIES,INCLUDINGFLYHOUSECREDIT,FLYHOUSEMAINTENANCEANDFLYHOUSESALES& FINANCING.
Fortheirpart,charterersstillpaylessandownersmakemore—our20%notwithstanding—becausewe’re maximizingtheefficienciesandeconomicsofprivatejetchartersbywayoftheFlyHouseApp.
CHARTER FLIGHTS REINVENTED
AWHOLENEWWAYTOCHARTER
AWIN-WINFOROWNERSANDCHARTERERSALIKE FLYHOUSE
OTHERCOMPANIES
TheFlyHouseApp
CharterPriceFlexibility
OptimizedCharterFlightRevenueforOwners
DedicatedCabinAttendantsthatOptimizetheCharterExperience
CharterSatisfaction+Loyalty
FullTransparency
Atothermanagementcompanies,ownersarechargedforeverything,eventheirownflighttime.Consequently, they’relefttooffsettheseexpenditureswithincreasedcharterrates.ButatFlyHouse,loweroperatingcostsmean ownersarepositionedtoacceptlessforcharters,allthewhilerealizinghighermargins.
EVOLVINGTOAFRICTIONLESSCHARTERMARKETPLACE
Brokers ($$$)
TRADITIONAL ManagementCo. ($$$)
Owner
OwnerRep ($$$)
FLYHOUSE ManagementCo. (Reduced$)
Owner technology
FlyHouseremovesthefrictionandeconomictensionthatexistsinthetraditionalmanagementsystemby removingthirdpartieswhohikeupfees.
Charrterer
Charrterer
THEFLYHOUSEAPP
PATENT-PENDING,PROPRIETARYTECHNOLOGYTHAT’SCHANGINGTHEFACEOFPRIVATEJET CHARTERS
Ourleading-edgetechnologyisgame-changing.TheFlyHouseAppisaplatformthatcanbedownloadedtoauser’smobile device,tabletoraccessedviaacomputerwebbrowser.CharterersaccesstheFlyHouseApptospecifytheamountstheywanttopay forflights.Onceachartererinitiatesabooking,areverseauctionbegins,withownersturningtotheFlyHouseApptoofferresponsive bidswithin5minutes.Theresult:thelowestcharterairfaresavailableindustry-wide noothercompanycomesclose towhatFlyHousehastooffer.
TheFlyHouseAppsimplifiesandacceleratesthecharteringprocessandreducestheneedforbrokers,ownerrepresentativesand othergo-betweenseachtakingapieceofthecharter“pie,”whichaddstothecostofflying.WiththeFlyHouseApp,thereareno middlemen.Consequently,ownersmaximizecharterrevenueandchartererssecuretheverybestpricesforprivatejettravel.Bluntly, withFlyHouse,charterersclosethedooronthirdpartiesthatchargemark-upsanddelayquotes.ThisalonemakesFlyHousea disruptorandfirst-to-marketcompanythatisfinallydemocratizingtheentireprivateaviationspace.
It’sthatsimple.Wedon’tchargeamanagementfeeforownersthatchartertheirplanes.Inourview,imposingfeeslikethesewould increaseownercosts.That,inturn,wouldrequireownerstodemandmoreforcharters,whichwouldonlyservetolimitownerrevenue.
Instead,FlyHouseisentirelyalignedwithowners’interests—wemakemoneywhenyoudo.
FLYHOUSEAPP
PATENT-PENDING,PROPRIETARYTECHNOLOGY
Acharterersentersflight information
Real-timepricingupdatesare displayed
Whenareverseauction ends,optionsdisplayed
Whenareverseauction ends,optionsdisplayed
Aconfirmationwithafinal quoteisdelivered
FLYHOUSEAPP
OWNERSAREINCONTROLVIAREAL-TIMEBIDDINGORPRE-SETOPTIONS
Eachowner’saccountcontainsallrelevantdataonaircraft Anownersubmitsbidsinlivereverseauctions
OWNYOURPLANEANDAPIECEOFFLYHOUSETOO
TheFlyHouseOwnerLoyaltyProgram(FOLP)givesownersskininthegame.
1.BringortransferyouraircrafttoFlyHouse,
2.Makeitavailableforcharterusingourpatent-pendingtechnologythatconnectsowners andcharterers directly,and
3.Forhoursofcharterrevenuepaid,ownerswillreceiveOUnits—adesignatednumberof sharesofFlyHousestock(dependingonaircrafttype)calculatedatthethen-current valuationofthecompany.
AtFlyHouse,ownersthatembracetheFlyHouseAppandactivelychartertheirjetsbecome stakeholdersinthecompanytoo!
APLATFORMTHAT’SSIMPLYBETTER
ACULTUREOFSAFETY
THEINDUSTRY’SBESTPILOTSAREATTHECONTROL
Ournumberonepriorityissafety.FlyHousehasadoptedstandardsthatcouldnotbemorestringent,startingwitha teamofaward-winningpilots,whichholdthehighestsafetyandtrainingcertificationsintheprivateaviationspace.
SAFETYPROTOCOL
•AsapartofFlyHouse’sSafety ManagementSystem(SMS) protocol,eachflightisrun throughaFlightRisk AssessmentTool(FRAT)during theflight-planningprocess
•Allowscrewmembersto assesspotentialrisksforeach mission,thenestablishreview processtodeveloprisk mitigationstrategies
CONSCIENTIOUSCREWTRAINING SAFETYINPREPARATION
•Allpilotsundergorigorous traininginfullmotionflight simulatorsannuallyatstate-of-theartfacilitiesoperatedbyCAE SimufliteandFlightSafetyInt’l
•Foraddedsafety,captainsrecheckedevery6months
•Comprehensivegroundtraining andemergencyprocedures training/testing
•Passionateattentiontodetailto achievehighestlevelofservice
•Workinextensivecollaboration withpartners,FBOs,handlersand vendorsinlocationsnationallyand globally
•Ensureinherentlevelof knowledge,specifictolocation,so allneedsaremetandwants provided
FlyHouseholdsaGOLDratingfromARG/US, aleadingindependentsafetyratingsystem
PILOTREQUIREMENTS
DEMANDINGTHEHIGHEST-LEVELOFEXPERIENCEANDTRAINING
Airlinetransportpilotcertificate
Leadershipteamhasover 100-year’scombinedaviation experience
Bi-annualproficiencytestingatthebest trainingfacilitiesintheworld
Comprehensiveintegrationand onboardingprocess
AnnuallinechecksbyFAAcheckairmen
Annualtrainingonadvancedaircraft systems,includingHUD/EVS
APLATFORMTHAT’SSIMPLYBETTER LEADERSHIP
EXECUTIVETEAM
AVIATIONANDBUSINESSPROS
JACKE.LAMBERT,JR. CEOandBoardMember
Formorethantwodecades,JackE.Lambert,Jr.hasheld senior-levelpositionswithintheprivateaviationspace.Jack nowbringshisvastexperiencetothetableastheChief ExecutiveOfficeratFlyHouse.
Aseasonedaviationinvestor,JackfoundedandlaunchedJet AccessinWestPalmBeach,Florida.Underhisdirection,that enterprisegrewtobecomethe10thlargestPart135aircarrier inNorthAmerica.Also,duringhisstoriedcareer,Jackhas acquired,sold,andmanagedover100airplanes.
AtFlyHouse,Jackprovidesprovenleadership,withafocuson thecompany’sculture,corevalues,engagementandrespect.
ALEXABAD Co-FoundedandChiefPilot
AlexisChiefPilotatFlyHouse.Havingstartedhisaviationtraining attheageof14,Alex,aLosAngeles native,earnedhisinstrumentratingpriortograduatinghigh school.Sincethen,he’saccruedover10,000flighthours primarilyinGulfstreamaircraft andisacurrentfixedwingATP holderandratedhelicopterpilot.
AformermarketingandactionsportsspecialistatRedBullNorth America,Alexisapassionateanddedicatedexecutiveknown forhisattentiontodetail inflightandbeyond.
EXECUTIVETEAM(CONT.)
AVIATIONANDBUSINESSPROS
ADAMPARNES DirectorofMaintenance
LYNNSLOAN DirectorofOperations
Adam’s30+yearsinprivateaviationmaintenanceandoperations includeleadershiprolesinbothmilitaryandcivilaviation.Uponhis honorabledischargefromtheU.S.Army,Adamwenttoworkfor GulfstreamAerospace.
There,helearnedaboutallfacetsofGulfstreamoperations, deliveringGulfstreamVandG550aircraftforbothcivilandmilitary applications.Notably,Adamparticipatedintheveryfirstout-ofcountrybaseopsforGulfstream,supportingU.S.militaryspecial missions thisinadditiontohissupportofspecialmissionsat AndrewsAirForceBaseinWashington,D.C. FollowinghistenurewithGulfstream,Adamsupervisedmaintenance ataLosAngeles-basedchartermanagementcompany.Next,he servedastheDirectorofMaintenanceofaprivatejetmaintenance repairfacility.Foradecadefollowingthatpost,andimmediatelyprior tohisarrivalatFlyHouseasthecompany’sDOM,Adamhelpedgrow thelargestGulfstreamfleetinL.A.
Lynnbringsawealthofexperiencetohisleadershippositionat FlyHouse,havingservedpriorcompaniesasaChiefPilot, DirectorofOperationsandDirectorofTrainingandSafety.Over acareerspanningfourdecades,Lynnhasamassedmorethan 13,000flighthours,includingextensiveaccident-andincidentfreetimepilotingGulfstreamGVandGIVaircraft.
HebeganasaPart135aircraftoperatorin1980flyingplanes throughtheGrandCanyon.ItisthisbackgroundthatLynnbrings toFlyHouse,wherehemanages,directsandevaluatesall matterspertainingtolineflyingandensuresthatline,cabinand flighttrainingisconductedaccordingtoregulatoryrequirements.
ChiefAvatonOfficer(CAC)
DirectorofTraining(DAT)
OperationsAssistant(DO)
OperationalControlCenter (OCC)
FLYHOUSEORGANIZATION
BOARDMEMBERS
SanfordMicheman,Chair
JeffSeabold/MarcEzralow/JackE
FyHousePilotRepresentative:AlexAbad
CHIEFEXECUTIVEOFFICER(CEO)
Note:Theabovechartincludescurrentandfutureplannedpositions.
