SALE PROSPECTUS
RJ SIMULATOR
SALE PROSPECTUS
This Sale Prospectus concerns the proposed sale of one RJ simulator (the “RJ Simulator”) which is
owned by Turkish Airlines Inc. (the “Seller”). The RJ Simulator was originally received from
manufacturer new by the Seller in 1997 and has been operated under Turkish Airlines registry
throughout this period. Currently, it is used for outside training requirements.
This document contains an outline of proposed sale terms set out in section 1 and summary details of
the RJ Simulator specification in section 2. Interested parties are invited to send proposals for the RJ
Simulator to the address given below until 24th September, 2010 at local time 17:30, Istanbul. The
Seller reserves the right to make or cancel the sale or make partial or full sale which the Seller deems
appropriate and the Seller is free to choose appropriate price proposal.
Any enquiries for additional information or requests for inspection of the RJ Simulator should be
addressed to Turkish Airlines as follows:
Ahmet BOLAT, PhD.
SVP of Investment Management
TÜRK HAVA YOLLARI A.O. (TURKISH AIRLINES INC.)
Yatırım Yönetimi Başkanlığı (Investment Management)
Genel Yönetim Binası Kat: 12
Atatürk Havalimanı 34149
Istanbul/TURKEY
abolat@thy.com, lkonukcu@thy.com 1. Sale Conditions
The basic conditions for the sale and purchase of the RJ Simulator will be as follows:
Seller
Turkish Airlines Inc.
Delivery Location
Turkish Airlines Flight Training Academy, Istanbul, TURKEY
Estimated Delivery Date
Within 30 days of the execution of the Sale & Purchase
Agreement
The above delivery date is an estimated date and Seller may
change such date by notification to buyer. Seller shall not be
responsible for any delay in delivery.
Payment
All payments are absolute and unconditional in cash in USD in
full without any deduction or witholding on or prior to the
delivery date.
Deposit
A non-refundable Deposit of 10% of the purchase will be
payable on execution of the Letter of Intent.
Letter of Intent
Seller & Buyer will enter into a Letter of Intent for the sale and
purhase of the RJ Simulator promptly after Seller’s acceptance
of Buyer’s purchase price offer. The Letter of Intent will be
binding on the parties subject only to the receipt of the Deposit
by Seller, each party’s board and any other necessary
approvals RJ Simulator availability is subject to prior sale or
withdrawal until a Letter of Intent is signed and the Deposit is
received by Seller. Purchaser shall be deemed to have
inspected the RJ Simulator before the delivery of his offer.
Sale & Purchase Agreement
Within 30 days of the execution of the Letter of Intent the
parties will endeavour in good faith to enter into a Sale &
Purchase Agreement in respect of the RJ Simulator. For the
avoidance of doubt, should the Sale & Purchase Agreement not
executed within 30 days from the execution of the Letter of
Intent the parties shall be released from their obligations under
the LOI and the deposit is retained and booked as income by
the Seller.
Transaction Costs
Each party will be responsible for its own costs. Seller’s counsel
will prepare the Letter of Intent and the Sale & Purchase
Agreement.
Interest
Any late payments will be charged interest at the rate of 1
Month US LIBOR (displayed on the LIBOR 01 page of the
Reuters screen). +5% p.a for actual number of days delayed
from due date to the actual payment date over 360 day year. If
the agreed page is replaced or service ceases to be available,
Seller may specify another page or service displaying the
appropriate rate.
Governing Law
Turkish Law
Delivery Condition
“As is where is”
Indemnity
Buyer shall provide indemnities satisfactory to Seller.
2. RJ Simulator Technical Specifications
Operator/Sponser
:
Turkish Airlines
Simulator
:
THY RJ 100
Aircraft Manufacturer
:
British Aerospace
Aircraft Model Number
:
RJ-100 (EFIS)
Aerodynamic Data Revision
:
ADE-469-R-460-00-029 Issue 2
Engine Model
:
TEXTRON LYCOMING
Engine Model Data Revision
:
EMC 32R. 108672 Rev J.
Flight Controls Data Revision
:
HDO. M. 460. 270156
FMS Identification
:
DFGS 4068300-905
FMS Revision
:
REV 4
TCAS fitted
:
YES TCAS II Change 7
EGPWS fitted
:
YES
Steep Approach fitted
:
YES
Simulator Manufacturer
:
Reflectone Inc.
Simulator Model
:
RISC
Date of Manufacture
:
1997
Simulator Computer
:
Harris Nighthawk 5800
Visual System Manufacturer
:
Evans&Sutherland (E&S)
Visual System Model
:
E&S ESIG 3350-GT SEOS 180 X 40 Display System
Motion System Manufacturer
:
6 Axis Reflectone
Motion System Type
:
6 DOF (6 Degrees Of Freedom)
Current Certification
:
UK CAA and Turkish DGCA
Total Flying Hours
:
39073 Hours
LF507-1F