For 2022, Excel Eagle deliveries will be production-limited to one per month, January through December. Orders will be accepted on a first-come, first-served basis. To secure a delivery position, customers will be asked to place a fully-refundable $25K escrow deposit and LOI. This deposit and LOI will secure a delivery position and give the customer 60 days to spec out the aircraft and move forward with the program. With a decision to proceed, the customer will be asked to execute and submit an Eagle purchase agreement accompanied by a non-refundable deposit of $200K.
We are confident that your $1.49M investment in a like-new Excel Eagle will substantially increase it residual value. Further, the capital invested will qualify for bonus depreciation. LOI’s and accompanying refundable deposits received prior to 10/8/2021 will be priced at $1.39M.
Of particular significance, VREF has already announced that the Eagle will be carried in its Aircraft Value Reference as a stand-alone model that is $1.25M higher than the standard version of the Excel or XLS.