Fw: Additional funding.

Vakhtang Abrahamyan 
to:
Arthur Javadyan
03/12/2013 02:22 PM


Cc:
"Arthur Javadyan"






Mr. Javadyan
Please find attached the info requested from Daniel.I have just received it.  I will look through and let you know once you arrive in Yerevan.
Best,
Vakhtang.
Vakhtang Abrahamyan


----- Original Message -----
From: Daniel HILAIRE [danielhilaire@hotmail.com]
Sent: 12/03/2013 10:04 AM GMT
To: Vakhtang Abrahamyan
Subject: RE: Additional funding.



Cher Vakhtang,

Hope you start feeling better and ready to turn back to CBA tomorrow!

I attached an excel sheet with the accounting of the Trustee; feel free to ask me if some points are not clear enough.

I add a few comments :
- Air France Consulting did yet a big job for us; they helped to find precise figures for budget 2012, 2013 of A'via (part of the business plan we gave to President) such as airports costs, maintenance costs, insurance costs, consumption of kerozene, tickets prices, cargo prices, etc...
They also help in the optimization of the use of planes and, last example, they helped me last week when writing the note "why a flag carrier.
Up today they accepted to do this without any down payment as we explained our situation and as they do trust Levon; but, anyway, we will have to pay them for the job they did yet (approximately 20K€) and, in future, of course for their other works as we will really need them on big scale at the beginning of operations.
- Website is under construction; we need it ready asap to be able to sell tickets even before the operations start; but after our discussions last week I stopped the works. Anyway, we will have to pay for what is yet done and I hope we will not stop the rest of the works too long.
- Marketing expenses are not big at the moment; here also I stopped the future works. I attached here a part of the job done to create a logo and to choice the colors of the company; there will be some other urgent steps such as, for example, the design of the painting of the planes and the dress code of employees; here also I hope the stop will not be too long.
- Levon, Armand and me spent a lot of time on this file from last december; I had to pay Levon for that but I gave him only 7500€ during these 3 months; I would be necessary to add another 4000 minimum during this month. For me I could pay 3500€ for the same 3 months (and more) and I hope to be able, as Levon to receive another 4000. I didn't promise anything to Armand (and nothing is included in the attached accounting) but I hope to be able to do something.
- After President's green light, the most urgent point will be to find our planes; the choice of these planes will be very very important; that's why Levon found a specialist in this field and we will have to give him asap a down payment; for this sum, the guy to whom Levon explained our needs, will keep looking for planes at disposal so we can decide very quickly. This is also very important expense to do right now.

I hope it's clear but, again, feel free to question me.

Amitiés,

Daniel





> Subject: Additional funding.
> From: vabrahamyan@cba.am
> Date: Mon, 11 Mar 2013 19:44:28 +0400
> To: danielhilaire@hotmail.com; armandpinarbasi@hotmail.com
>
>
> Hi again Daniel !
> Just talked to Javadyan.in addition to my previouse email: As he told me
> initially you'd discussed the amount of 50K was negotiated to cover all the
> expenditures including Air France consulting. So his expectations are based
> on the fact that there was no consulting with the AF, and the amount should
> be enough to cover all the expenditures so far. That's why I think the best
> would be to have the detailed expenditures report as I mentioned in my
> previouse e-mail to proceed further.
> Best,
> Vakhtang.
> Vakhtang Abrahamyan