SUNRISE, Fla.--(BUSINESS WIRE)--BlackPoll Fleet International, Inc. (OTC: BPOL) announced its subsidiary Jet Aviation Corp. executed an exclusive consignment agreement with Jet Aviation Components and Aircraft International, Inc.
JACAI granted Jet the exclusive consignment right to sell its inventory of aviation parts & equipment. Jet shall pay JACAI fifty percent (50%) of the proceeds of sales after expenses (not to exceed $17,000 per month) are paid from the sale of the inventory.
“An Exclusive Consignment Agreement with a 32-year-old successful, experienced and well-respected re-seller and distributor of aviation parts with $14,000,000 of inventory is a tremendous opportunity for our Company with very little downside. We fully expect to generate substantial revenues and positive cash flow marketing JACAI’s Inventory,” commented BPOL President Dan Oran.
About BlackPoll Fleet International, Inc.
Headquartered in Sunrise, Florida, BlackPoll Fleet (www.blackpollfleet.com) is a Holding Company leveraging the strength and industry influence and experience of its management team to rapidly become a trusted provider of aviation parts, equipment and services to a growing global customer base of U.S. and foreign government agencies as well as multinational corporate enterprises.
About Jet Aviation Components and Aircraft International, Inc.
Headquartered in Miami, Florida, JACAI, commenced operations in 1985 providing aircraft parts for Boeing, McDonnell Douglas, Airbus, and Lockheed model Jet Aircraft’s and engines for Pratt & Whitney, General Electric, GE/SN ECMA, and Rolls-Royce to End Users. JACAI re-sells and distributes parts worldwide. JACAI estimates its inventory is currently worth $14,000,000 retail. JACAI averaged annual sales of approximately $420,000 over the past 3 years.