"Ihave forgotten to ask you this, Mr. Reyes, but what is your budget? Perhaps if the price is too much for you, we can find an aircraft that is less than the cost but offers the same amenities and convenience,"Collins said.
"Wait…I can afford a 250 million dor aircraft,it''sjust that I have to talk to my business partner here,"Michael replied, ncing at Bridgetwhonodded at him.
"I''llgive you some time alone to process that,"Collins said, stepping back from the table to give them privacy.
Michael turned to Bridget, his voice lowered."What do you think? Is it worth it? We need something reliable for international trips, but the price tag is steep."
Bridget crossed her arms, thinking it over."It''sa significant investment, no doubt. But ifwe''regoing to expand globally, we need a reliable mode of transport. The Dreamliner offers thefort and spacewe''relooking for. Plus, it would savea lot oftime and effortpared tomercial flights."
Juliet leaned in."It''sa big decision, but we need to think long-term.Ifyou want to meet with partners and clients worldwide, this could be a game-changer.It would also give us flexibility in scheduling."
Michael nodded, considering their input."Yeah, I get that.It''sjust that I have a lot of projects that need funding, and this is a big chunk of change."
It was his thought, hedid expect that the private aircraft would be expensive, but not thatkind ofexpensive. He had other enterpriseshe''dwant to enter, such as military,munications, andputers, all of which required a lot of funding.
Bridget put a hand on his shoulder."Look, Michael, if you feel this is the right move for the business, we can make it work. But ifyou''rehaving doubts, maybe we should explore other options."
Michael nodded, appreciatingBridget''spracticality.It was a massivemitment, and hewasn''tsureifit wastherightone.Again, the price tag was enough to fund multiple smaller projects orevenexpand existing ones. Well, thinking about it, he could get the money he needed,it''snot like he needed to expand on other enterprises that fast.
"Maybeyou''reright,"Michael replied, his voice thoughtful."Private aircraft it is."
"Great…so should we call him back?"
"Yeah,let''scall him back,"Michael replied, nodding to Bridget. They both looked over to Collins,who wasstanding a few feet away, pretending to check his phone to give them privacy.
Collins came back over with a professional smile."So,what''sthe verdict? Are you interested in the Dreamliner, or would you like to explore other options?"
"We''llgo with the Dreamliner,"Michael said, feelinga sense of reliefnow thatthe decision was made."Sohowdo we make payments?"
"Well,it''skind of easy to be honest,"Collins said, looking at his notes."There are a few different modes of payment you can choose from, depending on your preference and financial structure. The first option is a full upfront payment, whereyou''dpay the entire $250 million at once.Thisis the simplest method, and it typicallyes with a small discount becauseyou''repaying in full."
Michael nodded, considering that option."What about financing? Do you offer payment ns?"
"Yes, we do,"Collins replied."If youdon''twant to pay the fumountupfront, we can arrange financing.Thiswould involve a down payment, usually around 10% of the total cost, andthenmonthly or quarterly payments over a set period. The interest rate and terms would depend on your creditworthiness and the length of the financing period."
Michael looked at Bridget, who nodded in approval."Well, we are going with financing because I might need the fundsthatI would have paid upfrontfor expandingmy business."
Collins smiled, d to see the interest in financing."We can work with that. With financing, you can allocate funds to other projects while spreading the cost of the aircraft over time. Depending on your preference, we can tailor a payment n that suits yourbusiness''scash flow and growth strategy."
Michael nodded."And how long would the financing term be?"
"Typically,it''sfive to ten years,"Collins exined, flipping through his notes."You can choose a shorter term if you prefer to pay it offquickly,or a longer term for smaller payments."
Bridget leaned in."And what about early repayment? Is there a penalty if we decide to pay off the bnce ahead of schedule?"
Collins nodded."Great question. It depends on the terms of the financing agreement. Some ns include a prepayment penalty, while others allow early repayment without additional charges. We can structure the financing to avoid penalties if youthink you mightwant to pay it off early."
Michael considered his options."Sounds good.If we choose the financing route,when do we need to make the first payment?Is it upon delivery of the aircraft?"
"Typically, the first payment is due within 30 days of delivery,"Collins replied."This gives yousometime to arrange your finances and ensure everything is in order. If you need more flexibility, we can discuss that too."
Michael nodded, feeling more at ease with the process. The idea of spreading the cost over time while keeping funds avable for other business ventures made sense.
"Okay, can you calcte how much our down payment would be and the monthly amortization?"
Collins grabbed his calctor and began crunching the numbers."Ifwe''regoingwith the standard financing terms, the down payment would be 10% of theaircraft''sprice. Since the Dreamlineris pricedat $250 million, that would be $25 million for the downpayment."
"And what about the monthly amortization? How would that work?"
Collins continued calcting. "Assuming a 10-year financing term with a 10% downpayment, you''d have the remaining $225 million spread over 120 months. The exact monthly payment would depend on the interest rate, which can vary based on your creditworthiness and other factors."
He punched in a few more numbers andthensaid,"With a typical interest rate for a financing n of this size,you''relooking at monthly payments in the range of $2.5 to $3 million."
Bridget raised an eyebrow at the figures."That seems manageable."
Michael nodded."Yeah, it does seem like the most sensible option. So,we''djustneed to provide the downpayment toget the process started, and then the monthly payments would begin within 30 days of delivery?"
"That''scorrect,"Collins confirmed."Once the down paymentis made, we can finalize the financing agreement, and the delivery of the Dreamliner can begin. If you want to rush, we can get the Dreamliner for you next month."
"Okay…I have a check here,"Michael reached into his jacket pocket, pulling out his checkbook."I can write the check for the downpayment now,"he said, flipping to an empty page and pulling out a pen."Will $25 million be enough to get the process started?"
Collins nodded, a satisfied smile on his face."That will work. Once we receive the check, we can begin finalizing the paperwork and set a delivery date.Would you like the delivery to behere in London or somewhere else?"
"Let''smake it in Man,"Michael replied."That''swhere our base of operations is, and it would be more convenient to have it delivered there."
Collins jotted down the information."Perfect. We can arrange for the Dreamliner tobe deliveredto Man International Airport. Once we finalize the financing terms and you make the down payment,we''llconfirm the delivery details and coordinate with the airport staff to ensure a smooth handover."
Michael wrote the check, signed it, and handed it to Collins."Here you go.Let''sget this Dreamliner process started."
Collins took the check, double-checked the amount, and nodded.
"Thank you, Mr. Reyes.We''llget everything moving on our end. You should expect a call from our team within a few days togo overthe next steps and confirm the financing details."@@novelbin@@
"Sounds good.We''llbe ready."
Collins shook hands with Michael, then with Bridget and Juliet."Thank you for choosing the Private Jet Business. If you have any questions or need additional assistance, pleasedon''thesitate to contact us.We''rehere to help."
The meeting concluded, and Michael, Bridget, and Juliet left the office, heading back to their car. Carter and the security team were waiting outside,keeping an eye onthe surroundings.
"How did it go?"Carter asked, noticing the satisfied expressions on their faces.
"We''regetting the Dreamliner,"Michael replied, sliding into the backseat."It''sall set. Wejustneed to finalize the financing details, and then we can focus on getting everything ready in Man."
"It''dbe the greatest flex for an entrepreneur such as youMichael,"Juliet said.
"True…can''twait for me to get more popr the moment the Philippineizens see a post of me posing in front of my Dreamliner,"Michael finished, chuckling as he settled into his seat. Hecouldn''thelp but imagine the buzz that would generate on social media—photos of him with his luxurious private jet.