Business is primarily engaged in the business of providing Flight Training, Ground School Instruction, Aircraft Rental, and Air Tours, as well as the sale of pilot supplies. The business is conducted under the authority granted to This Business and in compliance with Federal Aviation Regulations (FAR) Part 61 & 141 respectively. In addition, this business is authorized to conduct Air Tours. Present replacement value of obtaining FAR Part 141 operating authority is $75,000.00. In today environment it is reasonable to expect to spend approximately six to twelve months to acquire FAR Part 141 Certification and Operating Authority. Aircraft available for lease or purchase Aircraft: 1998 Cessna 172 R Value $110,000 1998 Cessna 172 S Value $120,000 1977 Cessna 172XP Value $85,000 Pilots license not required.