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 Post subject: Vesey Air
PostPosted: Tue Feb 20, 2007 3:16 pm 
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ladi - FlightAware user avatar

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I do not know so I am asking... :oops: Is Vesey Air a Fractional, or what? I cannot find much about them. It seems they have alot of aircraft all over. Can anyone tell me anything?

Thanks
ladi


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 Post subject:
PostPosted: Thu Feb 22, 2007 12:28 am 
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cessnapilot06 - FlightAware user avatar

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Location: SUS
The few things that I know about them is they fly a few King Air's in the St. Louis area, and the state of Missouri for Arch Air Medical. It is a company that has some 8 helicopters for medical air evac service in Saint Louis, and a few King Air's for hauling long distances.


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 Post subject:
PostPosted: Thu Feb 22, 2007 6:17 am 
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Scooter99 - FlightAware user avatar

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Well will get a King Air 300 flying of thier's from South Florida to Central Florida on a regular bases.

I also see them flying in and out of Concord/Statesville NC to Nascar races.


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 Post subject:
PostPosted: Sat Feb 24, 2007 12:32 am 
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ukguy - FlightAware user avatar

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Vesey Air LLC is just another name for GECC (General Electric Credit Corp) a leasing company. Other names they use are CFS Air LLC, GC Air LLC, AVN Air LLC and Canal Air LLC among others.


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 Post subject:
PostPosted: Sat Feb 24, 2007 1:26 pm 
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Are those names the names of individual leasees? Even though GECC may hold title to the plane, companies like Vesey Air or Canal Air may be the actual operating companies.


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 Post subject:
PostPosted: Sat Feb 24, 2007 4:23 pm 
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ukguy - FlightAware user avatar

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tobyz1 wrote:
Are those names the names of individual leasees? Even though GECC may hold title to the plane, companies like Vesey Air or Canal Air may be the actual operating companies.


Nope, they are different operators - for example, N404VL is operated by The Drax Group and N517AM is operated by aaiPharma.

Trust me, I used to track all these birds for a living until my "services were no longer required" :evil:


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 Post subject:
PostPosted: Sun Feb 25, 2007 12:12 am 
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tobyz1 - FlightAware user avatar

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Aren't we saying the same thing, ukguy?

GECC may own the plane, but the name shown by FA, whether Vesey or Canal, is the operator (= lessee, = airline).


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 Post subject: It's not the same thing
PostPosted: Wed Jan 16, 2008 2:29 pm 
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LFransson - FlightAware user avatar

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You're not saying the same thing. There are a lot of aircraft registered to GC Air LLC. There's one here in Seattle that is owned and operated by a company that is in no way related to the others registered to GC Air.


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 Post subject:
PostPosted: Fri Feb 01, 2008 10:25 am 
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cerberus - FlightAware user avatar

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I am showing Vesy to be the "registered owner" for 44 aircraft.


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 Post subject:
PostPosted: Wed Feb 27, 2008 6:33 pm 
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310driver - FlightAware user avatar

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One of those is N268WS a Lear 60. The aircraft is operated by Winged Foot Services, also known as DayJet....yes the Eclipse folks.

I always wonder if these holding companies are there to make it easier to repo the airplane if the owner doesn't pay his bills. For instance, once Winged Foot pays the aircraft off, will they actually re-register the aircraft as Winged Foot, DayJet, or some dba Deleware Co.? Or is there a completely different reason these aircraft stay registered to Vesey, GE Capital, and so on?


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 Post subject:
PostPosted: Thu Feb 28, 2008 8:48 am 
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cerberus - FlightAware user avatar

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It's just like buying a car and getting financing. Who ever is financing is holding the note on the aircraft. Thats why you see GECC or Wells Fargo as an owner of so many aircraft. They hold the note until the airframe is paid off, then the bank will issue a lien release to the FAA and then the "lessee" is made the actual owner.


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 Post subject:
PostPosted: Thu Feb 28, 2008 10:10 am 
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Don't a lot of people have aircraft operating in the names of holding companies for tax purposes? So, even if the aircraft is paid off, it's still in the holding company's name (I'm not talking about aircraft that are leased.)


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 Post subject:
PostPosted: Thu Feb 28, 2008 11:40 am 
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Exactly, "high net worth" individuals establish a corporation to "own" the aircraft, thereby insulating themselves in the event of a mishap. The company name usually has nothing to do with the individual or the actual owner but, with a look at the FAA database, you can get an address for the registered owner. Then search for that address on Google, etc...and often, with some snooping, you can get an idea of who the actual owner might be. Unless of course it's Vesey or Wells Fargo or any number of other finance companies.


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 Post subject:
PostPosted: Thu Feb 28, 2008 12:25 pm 
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cerberus - FlightAware user avatar

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When it is Vesy or Wells Fargo, you just have to look at the Security agreement filed with the FAA and it spells out the Who, What and Where.


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 Post subject:
PostPosted: Fri Feb 29, 2008 9:45 am 
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Are the security agreements available on the web?


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 Post subject: canal air llc
PostPosted: Tue Aug 19, 2008 1:32 pm 
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Tedronet - FlightAware user avatar

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i don't know about Canal Air but N500RP used to be Roger Penske's group


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 Post subject:
PostPosted: Thu Feb 19, 2009 12:17 pm 
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ukguy wrote:
Vesey Air LLC is just another name for GECC (General Electric Credit Corp) a leasing company. Other names they use are CFS Air LLC, GC Air LLC, AVN Air LLC and Canal Air LLC among others.


Sorry to resurrect up an old topic but, while looking for operators of certain aircraft I've ran into those, namely GC Air and AVN Air. Is there any way that I can find out who is operating any one of of their aircraft? For example, I've googled N316SS to the death and still can't find out the operator. Thanks.


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 Post subject:
PostPosted: Thu Feb 19, 2009 9:18 pm 
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Sarah1980Burns - FlightAware user avatar

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https://www.faa.gov/about/office_org/he ... _IGA_A.pdf (Page 99 of the pdf)
N316SS Operated by Redleaf Management Company


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 Post subject:
PostPosted: Thu Feb 19, 2009 9:30 pm 
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Sarah1980Burns wrote:
https://www.faa.gov/about/office_org/headquarters_offices/ato/service_units/enroute/rvsm/documents/US_MASPS/US_MASPS_IGA_A.pdf (Page 99 of the pdf)
N316SS Operated by Redleaf Management Company


I have that document in Excel, I thought Redleaf was just another holding company that still doesn't say who really flies the plane. Unless its Redleaf's company jet. Not much info on them either, maybe just another gray company, made to hold the jet.


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 Post subject:
PostPosted: Thu Feb 19, 2009 9:40 pm 
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Sarah1980Burns - FlightAware user avatar

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I searched some of our airplanes in this - One is registered to Vesey Air, one is registered to Wachovia (neither are the actual owner) however we are shown as the operator - so Redleaf SHOULD in theory be operating this airplane N316SS but it is probably owned by another company.


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 Post subject:
PostPosted: Thu Feb 19, 2009 10:51 pm 
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Sarah1980Burns wrote:
https://www.faa.gov/about/office_org/headquarters_offices/ato/service_units/enroute/rvsm/documents/US_MASPS/US_MASPS_IGA_A.pdf (Page 99 of the pdf)
N316SS Operated by Redleaf Management Company


Excellent find. Never thought about the RVSM data for finding owner/operator.


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 Post subject:
PostPosted: Thu Feb 19, 2009 11:11 pm 
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Com'on Fly... NAARMO is a great resource for registry/operator info...and to find out about cheaters of the RVSM system. :wink:


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 Post subject:
PostPosted: Fri Feb 20, 2009 8:24 am 
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cerberus - FlightAware user avatar

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If you want the phone numbers and email addresses Private message me.

Owner/Lessor - General Electric Capital Corporation
GE Corporate Aircraft Group
44 Old Ridgebury Road
Danbury, CT 06810-5107 United States
http://www.gecorporateaircraft.com

Lessee/Chief Pilot/Flight Department -
Redleaf Management Company, LLC
355 Sumac Road, Hangar 12
Wheeling, IL 60090 United States


Registered as Owner - AVN Air, LLC
44 Old Ridgebury Road
Danbury, CT 06810 United States


Last edited by cerberus on Tue Jan 21, 2014 9:09 am, edited 1 time in total.

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 Post subject:
PostPosted: Fri Feb 20, 2009 11:03 am 
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nano404 - FlightAware user avatar

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FlyNYC wrote:
Sarah1980Burns wrote:
https://www.faa.gov/about/office_org/headquarters_offices/ato/service_units/enroute/rvsm/documents/US_MASPS/US_MASPS_IGA_A.pdf (Page 99 of the pdf)
N316SS Operated by Redleaf Management Company


Excellent find. Never thought about the RVSM data for finding owner/operator.


I found the excel version earlier yesterday and I was thinking "Wow! Who woulda thunk?!" The excel version is better because its a bit easier to search, and you can sort the columns. Wish I had found it earlier for the other 100-odd regs I had to look up. :evil:


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 Post subject:
PostPosted: Fri Feb 20, 2009 11:07 am 
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nano404 - FlightAware user avatar

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azav8r wrote:
Com'on Fly... NAARMO is a great resource for registry/operator info...and to find out about cheaters of the RVSM system. :wink:


:O They have it for canada too? :shock: Thanks for the link!


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