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Aircraft Closing Checklist |
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Year: |
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Seller Info: |
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Price: |
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Manuf. |
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Escrow Contact: |
FIRST
LAST |
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Model: |
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Buyer Info: |
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SN(s): |
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REG(s): |
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[ REQUESTED, SAVED, DRAFTED, DELIVERED, NOTIFIED ] |
Overall Completion Rate: |
0% |
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|
SQI |
ESCRW |
SELLER |
BUYER |
N/A |
|
LOI, Counter Offers & Deposit |
Date |
Details & Notes… |
0% |
£ |
|
|
1.10 |
£ |
|
|
£ |
£ |
|
Letter of Intent from BUYER |
|
|
0% |
£ |
|
|
SQI |
ESCROW |
SELLER |
BUYER |
N/A |
|
COUNTER OFFERS |
|
|
|
|
|
1.11 |
£ |
|
|
£ |
£ |
|
Executed Counter Offer from BUYER |
|
|
0% |
£ |
|
1.12 |
£ |
£ |
£ |
£ |
£ |
|
Executed Counter Offer from SELLER to BUYER to ESCROW |
|
|
0% |
£ |
|
|
SQI |
ESCROW |
SELLER |
BUYER |
N/A |
|
DEPOSIT & ESCROW |
|
|
|
|
|
1.13 |
£ |
£ |
£ |
£ |
£ |
|
Deposit Confirmed in ESCROW (Notify BUYER & SELLER) |
|
Amount: |
0% |
£ |
|
1.14 |
£ |
|
|
£ |
£ |
|
Aircraft Removed from Market (Notify BUYER) |
|
|
0% |
£ |
|
1.15 |
£ |
£ |
£ |
£ |
£ |
|
ESCROW Assigned Point of Contact (Notify BUYER & SELLER) |
|
|
0% |
£ |
|
1.16 |
£ |
£ |
£ |
£ |
£ |
|
Request Closing ESCROW Fees from ESCROW (Notify BUYER & SELLER) |
|
Total Amount: |
0% |
£ |
|
|
SQI |
ESCROW |
SELLER |
BUYER |
N/A |
|
ADDITIONAL |
|
|
|
|
|
1.17 |
£ |
£ |
£ |
£ |
R |
|
|
|
|
— |
£ |
|
1.18 |
£ |
£ |
£ |
£ |
R |
|
|
|
|
— |
£ |
|
1.10 |
|
|
|
|
|
|
|
|
|
|
£ |
|
2 |
SQI |
ESCRW |
SELLER |
BUYER |
N/A |
|
Aircraft Purchase Agreement (APA) |
Date |
Details & Notes… |
0% |
£ |
|
2.10 |
£ |
|
£ |
|
£ |
|
APA Draft sent to SELLER Review |
|
|
0% |
£ |
|
2.11 |
£ |
|
£ |
|
£ |
|
SELLER Revisions Received & Implemented & Approved |
|
|
0% |
£ |
|
2.12 |
£ |
|
|
£ |
£ |
|
APA Draft Sent to BUYER for Review |
|
|
0% |
£ |
|
2.13 |
£ |
|
|
£ |
£ |
|
BUYER Revisions Received & Implemented |
|
|
0% |
£ |
|
2.14 |
£ |
|
£ |
£ |
£ |
|
SELLER Approved FINAL Draft Sent to BUYER for Execution |
|
|
0% |
£ |
|
2.15 |
£ |
|
£ |
£ |
£ |
|
BUYER Executed APA Sent to SELLER for Execution |
|
|
0% |
£ |
|
2.16 |
£ |
£ |
£ |
£ |
£ |
|
FULLY Executed APA Submitted to ESCROW, SELLER & BUYER |
|
|
0% |
£ |
|
|
SQI |
ESCROW |
SELLER |
BUYER |
N/A |
|
ADDITIONAL |
|
|
|
|
|
2.17 |
£ |
£ |
£ |
£ |
R |
|
|
|
|
— |
£ |
|
2.18 |
£ |
£ |
£ |
£ |
R |
|
|
|
|
— |
£ |
|
1.10 |
|
|
|
|
|
|
|
|
|
|
£ |
|
3 |
SQI |
ESCRW |
SELLER |
BUYER |
N/A |
|
Aircraft Pre-buy Inspection |
Date |
Details & Notes… |
0% |
£ |
|
3.0 |
SQI |
ESCROW |
SELLER |
BUYER |
N/A |
|
INSPECTION |
|
|
|
|
|
3.10 |
£ |
|
£ |
£ |
£ |
|
Inspection Date Set |
|
|
0% |
£ |
|
3.11 |
£ |
|
|
£ |
£ |
|
BUYER Inspection Done |
|
|
0% |
£ |
|
3.12 |
£ |
|
|
£ |
£ |
|
BUYER Acceptance/Rejection of Aircraft |
|
|
0% |
£ |
|
3.13 |
£ |
|
£ |
£ |
£ |
|
BUYER Descrepancy List Sent to SELLER |
|
|
0% |
£ |
|
|
SQI |
ESCROW |
SELLER |
BUYER |
N/A |
|
APA AMENDMENT |
|
|
|
|
|
3.14 |
£ |
|
|
£ |
£ |
|
Amendment Draft sent to BUYER Review |
|
|
0% |
£ |
|
3.15 |
£ |
|
|
£ |
£ |
|
BUYER Revisions Received & Implemented & Approved |
|
|
0% |
£ |
|
3.16 |
£ |
|
£ |
|
£ |
|
Amendment Draft Sent to SELLER for Review |
|
|
0% |
£ |
|
3.17 |
£ |
|
£ |
|
£ |
|
SELLER Revisions Received & Implemented |
|
|
0% |
£ |
|
3.18 |
£ |
|
£ |
£ |
£ |
|
SELLER Approved FINAL Draft Sent to BUYER for Execution |
|
|
0% |
£ |
|
3.19 |
£ |
|
£ |
£ |
£ |
|
SELLER Executed Amendment Sent to BUYER for Execution |
|
|
0% |
£ |
|
3.20 |
£ |
£ |
£ |
£ |
£ |
|
FULLY Executed Amendment Submitted to ESCROW, SELLER & BUYER |
|
|
0% |
£ |
|
|
SQI |
ESCROW |
SELLER |
BUYER |
N/A |
|
ADDITIONAL |
|
|
|
|
|
3.21 |
£ |
£ |
£ |
£ |
R |
|
|
|
|
— |
£ |
|
3.22 |
£ |
£ |
£ |
£ |
R |
|
|
|
|
— |
£ |
|
1.10 |
|
|
|
|
|
|
|
|
|
|
|
|
4 |
SQI |
ESCRW |
SELLER |
BUYER |
N/A |
|
Technical Acceptance, Hard Deposit & Closing Date |
Date |
Details & Notes… |
100% |
© |
|
4.10 |
R |
R |
R |
R |
£ |
|
Technical Acceptance Received from BUYER |
|
APA Schedule E |
100% |
R |
|
4.11 |
R |
R |
|
|
£ |
|
BUYER Technical Acceptance Sent to ESCROW |
|
|
100% |
R |
|
4.12 |
R |
|
R |
R |
£ |
|
SELLER/BUYER Notified/Reminded of Non-Refundable Deposit |
|
|
100% |
R |
|
4.13 |
R |
R |
R |
R |
£ |
|
Closing Date Set |
|
|
100% |
R |
|
|
SQI |
ESCROW |
SELLER |
BUYER |
N/A |
|
ADDITIONAL |
|
|
|
|
|
4.14 |
£ |
£ |
£ |
£ |
R |
|
|
|
|
— |
£ |
|
4.15 |
£ |
£ |
£ |
£ |
R |
|
|
|
|
— |
£ |
|
1.10 |
|
|
|
|
|
|
|
|
|
|
|
|
5 |
SQI |
ESCRW |
SELLER |
BUYER |
N/A |
|
Pre-Closing Documents & Requirements |
Date |
Details & Notes… |
0% |
£ |
|
5.0 |
SQI |
ESCROW |
SELLER |
BUYER |
N/A |
|
TITLE REPORTS |
|
|
|
|
|
5.10 |
£ |
£ |
|
|
£ |
|
Title Reports Received from ESCROW |
|
|
0% |
£ |
|
5.11 |
|
|
£ |
£ |
£ |
|
Title Reports Sent to BUYER and SELLER |
|
|
0% |
£ |
|
|
SQI |
ESCROW |
SELLER |
BUYER |
N/A |
|
LIEN RELEASE |
|
|
|
|
|
5.12 |
£ |
£ |
£ |
|
£ |
|
Lien Release Form Sent to Seller |
|
Form Generated by Escrow |
0% |
£ |
|
5.13 |
£ |
£ |
£ |
£ |
£ |
|
Lien Release Form Received from SELLER & Sent to ESCROW & BUYER |
|
|
0% |
£ |
|
|
SQI |
ESCROW |
SELLER |
BUYER |
N/A |
|
INTERNATIONAL REGISTRY |
|
|
|
|
|
5.14 |
£ |
£ |
|
£ |
£ |
|
BUYER Consent to International Registry or Waiver Signed |
|
|
0% |
£ |
|
5.15 |
£ |
£ |
£ |
|
£ |
|
SELLER Consent to International Registry or Waiver Signed |
|
|
0% |
£ |
|
|
SQI |
ESCROW |
SELLER |
BUYER |
N/A |
|
FAA AIRCRAFT REGISTRATION |
|
|
|
|
|
5.16 |
£ |
£ |
£ |
|
£ |
|
SELLER FAA De-Reg Request Form Created, Signed & Sent to ESCROW |
|
|
0% |
£ |
|
5.17 |
£ |
£ |
|
£ |
£ |
|
BUYER FAA Reg Request Form Created, Signed & Sent to ESCROW |
|
|
0% |
£ |
|
|
SQI |
ESCROW |
SELLER |
BUYER |
N/A |
|
BILLS OF SALE |
|
|
|
|
|
5.18 |
£ |
£ |
£ |
|
£ |
|
SELLER Original FAA Bill of Sale Executed & Sent to ESCROW |
|
FAA Form 8050-2 |
0% |
£ |
|
5.19 |
£ |
£ |
£ |
|
£ |
|
SELLER Original APA Warranty Bill of Sale Executed & Sent to ESCROW |
|
APA Schedule D |
0% |
£ |
|
|
SQI |
ESCROW |
SELLER |
BUYER |
N/A |
|
CLOSING INSTRUCTIONS |
|
|
|
|
|
5.20 |
£ |
£ |
£ |
|
£ |
|
SELLER Closing Instructions Sent to ESCROW |
|
|
0% |
£ |
|
5.21 |
£ |
£ |
|
£ |
£ |
|
BUYER Closing Instructions Sent to ESCROW (if Acq.) |
|
|
0% |
£ |
|
|
SQI |
ESCROW |
SELLER |
BUYER |
N/A |
|
ADDITIONAL |
|
|
|
|
|
5.22 |
£ |
|
|
£ |
£ |
|
BUYER Sales Tax Verification |
|
|
0% |
£ |
|
5.23 |
£ |
|
|
£ |
£ |
|
BUYER Sales Tax Documents |
|
|
0% |
£ |
|
5.24 |
£ |
|
|
£ |
£ |
|
Insurance Certficate for Ferry |
|
|
0% |
£ |
|
5.25 |
£ |
|
£ |
|
£ |
|
Request DAR for Ferry Permit |
|
|
0% |
£ |
|
5.26 |
£ |
|
£ |
£ |
£ |
|
Arrange for Pilot/Captain (SIC) |
|
|
0% |
£ |
|
5.27 |
£ |
|
£ |
£ |
£ |
|
Retrieve Logbooks & Spare Parts for Delivery |
|
|
0% |
£ |
|
5.28 |
£ |
|
£ |
£ |
£ |
|
|
|
|
0% |
£ |
|
5.29 |
£ |
|
£ |
£ |
£ |
|
|
|
|
0% |
£ |
|
1.10 |
|
|
|
|
|
|
|
|
|
|
|
|
£ |
|||||||||||
|
6 |
SQI |
ESCRW |
SELLER |
BUYER |
N/A |
|
Closing |
Date |
Details & Notes… |
0% |
£ |
|
6.10 |
£ |
£ |
£ |
£ |
£ |
|
BUYER Balance of Purchase Funds confirmed in ESCROW |
|
|
0% |
£ |
|
6.11 |
£ |
£ |
£ |
£ |
£ |
|
ESCROW Pre-Closing Statement Received |
|
|
0% |
£ |
|
6.12 |
£ |
£ |
£ |
£ |
£ |
|
BUYER Memorandum of Delivery Sent to ESCROW from BUYER |
|
APA Schedule C |
0% |
£ |
|
6.13 |
£ |
£ |
£ |
£ |
£ |
|
BUYER and SELLER Authorization to Close Notification to ESCROW |
|
|
0% |
£ |
|
6.14 |
£ |
£ |
£ |
£ |
£ |
|
ESCROW Wires Puchase Funds to SELLER |
|
|
0% |
£ |
|
|
SQI |
ESCROW |
SELLER |
BUYER |
N/A |
|
ADDITIONAL |
|
|
|
£ |
|
6.15 |
£ |
£ |
£ |
£ |
R |
|
|
|
|
— |
£ |
|
6.16 |
£ |
£ |
£ |
£ |
R |
|
|
|
|
— |
£ |
|
1.10 |
|
|
|
|
|
|
|
|
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Matthew started with SkyQuest in 2016 and is responsible for maintaining and optimizing our customer database, data entry processes, coding and operating procedures… all while attending school to get a degree in programming.
Greg founded SkyQuest International in 1999. He has been very active in aviation since the late 1970’s and in aircraft sales since the late 1980’s. Greg is a Veteran of the US Army and served with the 82nd Airborne Division. He graduated with Honors from Florida Tech and has a BS in Aviation Management. Greg is a Commercial Pilot with an ATP rating who loves to fly the company Bonanza and the Quest KODIAK. He maintains a very active role in marketing and sales as well as managing SkyQuest on a day to day basis.
Tammy, Co-founder of SkyQuest International, LLC, has been in aviation since 1983. Tammy began her career with Piedmont Aviation as an Operations Clerk for the Fixed Base Operations and later as the Office Manager for Piedmont’s Flight Training Department. During her tenure with Piedmont she gained her private pilot’s license and was the FAA Written Text Examiner for pilots. Tammy developed SkyQuest’s proprietary database as well as the marketing and reporting applications. She handles all of the accounts payable/receivables along with human resource duties.
