Two to Fly Aviation
1110 South Broad Street
Philadelphia, Pennsylvania 19110


A BluJay
Aviation Incorporated

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Wren McKeemon & Brad Castanada

10000 Worldwide International Airport

Chicago, Illinois 60666


Dear Ms. Wren McKeemon & Mr. Brad Castanada,:


SUBJECT: Financial Counseling from Two to Fly Aviation


We here at Two to fly Aviation consulting would like to say
thank you for trusting us to with your financial consultant needs for your


The staff at two to fly aviation have many years of aviation
business and financial experience specialization and expertise to hand all of
your finical consulting needs.  This is
our mind will you gives your business a unique advantage over your competitors. 


We will be able to provide unbiased insight and recommendations
that are anchored in best practices of business to help get to the right answer
for our clients.  This industry is
presents very complex water to navigate; and we will do our very best to help
get you thought these rough times.


With regards to the inquires you have sent to our team.  We have gone through them with a fine-tooth
comb and made recommendations on the following pages.  We hope this will provide a clear path


We’ve put together the
following recommendations and would welcome the opportunity to discuss these immediate
concerns with you.  We hope that your
team will trust us with you financial consulting needs now as well as in the
future.  Thank you, BluJay Aviation,
Inc.; Please see invoice on page 6.


Yours truly,

Michael McHugh

Lead Financial Consultant

Two to Fly Aviation

[email protected]

HNK Co. Acquisition

While analyzing your growth strategy,
we see that the acquisition of HNK Co. is one of your chief concerns for your
future growth.  This does present an
opportunity that does seem very appealing and we here at Two to Fly want to
make sure you have all the pluses and minus of this prospect.  We have reviewed the prospect and feel confident
that acquiring the HNK Co. would be detrimental to the growth of your
company.  We do not recommend you acquire
this company for the following reasons:

The financial report given has not been audited.  We cannot be sure the accuracy of these
reports which we consider a red flag.

The acquisition of the aforementioned shop will be a gain of $89,000 on
merchandise.  BluJay aviation is not a
retail company and this will be likely be detrimental to the growth of your
company.  This will be a a burdensome
amount to merchandise to sell and manage.

         We here at Two to Fly do not recommend
acquiring of HNK Co..  This gift shop is
a retail business which is immensely different from the aviation company you
are trying to grow.  The staffing and
management a retail space would take away from the growth strategy of BluJay


Accounts Receivable

BluJay Aviation’s growth capacity is
being hindered by the slow collection on account receivable.  This lack of cash flow will only continue
unless something is done to help motivate your client base to pay bills in a
timely fashion Two to fly would like to make the following recommendations
based of the finances at the time of this report:

Start by charging late fees on
delinquent accounts.  This will remind
customers that allowing their account to go in the rears will cost more
money.  We feel that this could be a cash
flow stimulate as well as prevent further delinquencies.

We also noticed that BluJay Aviation
does not have a mechanism to notify clients when the account has become late.  We believe putting a system in place will
foster better communication between the client and BluJay Aviation with regards
to billing.  This will go a long way to
help alleviate some of  the late

We Recommend that company start
reviewing accounts lateness.  Once you identify
who is either close or over 30 days past due, notify the clients and try to
collect on the minimum of these accounts. 
These accounts should be charged a 25-dollar late fee.  Clients well past due could also be offered a
settlement.  The balance on the account
could be paid in full by paying a lesser amount.  Finally, a 2% discount could be offered to
client’s who pay their full bill within 10 days of services rendered.

Cessna 172 Depreciation

At the time of this
report the biggest and most important asset at BluJay Aviation is the main
bread winner, your Cessna 172.  After
reviewing the last two years of finical statements we make the following
recommendation on changing the life cycle of the Aircraft.

         With the know
reliability and your above standard maintenance record we feel that the
Aircrafts life cycle should be increase well beyond the current life cycle of
15 years. According to your financials you bought your aircraft used at for
$110,000.00 three years ago.  With an
expected residual value of $15,000.00 we established your straight-line
depreciation of the aircraft at $6333.33 a year.  By extending the life cycle of the aircraft
to 20 year you would decrease the depreciation to $4750.00 a year and 25 years
would be $3800 a year.  We recommend you extend
the life of life cycle of the aircraft to 25 years, this will save you more
than $2533 a year. 

The recommendation would be to up the life cycle of the aircraft
to 25 years.  This will up your net
income by saving money on your depreciation cost by over $2500 a year.

Raven 44

We recommend wait and raise the cash for the aircraft.  Do not take on more investors issues stock
will raise money but will come with stockholder with voting rights on business
matters.  Another consequence of stocks
will be the paying out of non-tax-deductible dividends.  This course of action will in turn lower the
earnings per share for this BluJay aviation. 

BluJay Aviation take on debt to purchase this aircraft.  We recommend waiting to finance this aircraft
when the finances of BluJay Aviation reflect an increased cash flow
putting.  At such time, the company would
be in a much better place with better operating rations to finance this
aircraft (Raven 44).




Two to Fly Aviation
1110 South Broad Street
Philadelphia, Pennsylvania 19110

(215) 596-5429

[email protected]

Federal tax # 12345
Invoice # 10

January 23, 2018

Aviation Incorporated

McKeemon & Brad Castanada

Airpark Rd, Princeton, NJ 08540

Attention: BluJay
Aviation, Accounting






Finical consulting

86 hours



Federal Tax









Monthly Payments


18 months


First payment to be paid within 21 business days of invoice date or please
inquire about the monthly payment option. Please make all checks payable to Two
to Fly Aviation consulting or Pay online at Unpaid balances accrue interest
at 26.94% per annum, calculated monthly. 

All work is complete! Thanks for your business.


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