Side profile of a business jet in a hangar

Vanquish Aviation Program

Business jet charter income with potential depreciation tax benefits

Investment opportunity

Own business jets to be deployed for charter use.

Income Objective

Generate income from aircraft charter 135 activity after operating costs and reserves.

Real Asset Ownership

Acquire pre-owned aircraft selectively to utilize within charter 135 programs.

Investor Access

Separately managed accounts or a commingled fund, subject to agreed terms.

Objectives

Charter income, real assets and potential tax treatment converge.

Real Asset Alternative Investment

15–25%

Target return from aviation charter income

An income objective—not a guarantee or investor-level IRR.

100%

Potential first-year depreciation

Only for qualifying property and eligible investors; recapture and limits may apply.

2

Investor access paths

Separately managed accounts or a commingled fund, subject to final terms.

Illustrative objectives only. Aircraft investments are illiquid and involve operating risk and possible loss of capital. Tax treatment depends on individual circumstances. Source: VAAM discussion draft; IRS Notice 2026-11.

Rationale

Demand resilience matters…
but acquisition discipline creates the edge.

Persistent Use Cases

Individual and corporate travelers value time, privacy and schedule control.

Commercial Disruption

Delays and cancellations reinforce the value of reliable point-to-point alternatives.

Pre-Owned Entry Point

Asset condition, maintenance obligations and purchase price create the underwriting opportunity.

Multiple Outcome Drivers

Charter cash flow, sale proceeds and eligible depreciation can shape investor results.

Investment philosophy

Discipline is designed into every stage.

Close-up of a business jet engine, wing and landing gear
Technical condition, engine status and upcoming maintenance are decision-critical.

  1. Acquire

    Select pre-owned aircraft using valuation, technical inspection and a fully costed operating model.

  2. Deploy

    Place aircraft with specialist FAA Part 135 operators for charter use.

  3. Manage

    Monitor utilization, reserves and cash flow; reassess hold, replacement or sale decisions.

Independent specialists may support valuation and technical diligence. Provider selection and scope remain subject to engagement.

Investment process

Acquire

Aircraft and Purchase Price

Compare the proposed purchase price with an independent aircraft valuation and realistic resale assumptions.

Technical Condition

Review records, engine status, inspection findings and upcoming maintenance before commitment.

Full-Life Economics

Include repositioning, downtime, major maintenance and sale costs in the acquisition decision.

Independent specialists may support valuation and technical diligence. Provider selection and scope remain subject to engagement.

Investment process

Deploy and manage assets.

Operating Visibility

Monthly review of flight activity, charter receipts, expenses and aircraft availability.

Maintenance Planning

Dedicated reserves and forward maintenance schedules to assess future cash requirements.

Asset and Counterparty Review

Periodic independent valuations and operator reviews to inform deployment and exit decisions.

Reporting frequency, reserve policy and approval rights will follow the final investment and operating agreements.

Potential tax benefits

100% bonus depreciation for qualifying property.

100%Potential first-year depreciation

Federal law restored permanent 100% first-year depreciation for eligible property acquired after January 19, 2025.

Aircraft eligibility and investor benefit depend on acquisition and service dates, business use, ownership structure and applicable deduction limits.

Depreciation is a tax deduction, not investment income. Recapture may apply on sale. State treatment can differ. Investors should obtain independent tax advice. Source: IRS Notice 2026-11.

Leadership Team

Experienced leadership across research, portfolio construction, risk management, and operations.

Peter Ceko

Peter Ceko

Chief Executive OfficerCo-Founder

30+ years in financial services, including sales and trading desks focused on derivative products at major Wall Street firms.

Brooks Ritchey

Brooks Ritchey

Chief Investment OfficerCo-Founder

30+ years of asset management and trading experience, including portfolio management and absolute return strategy construction at various investment firms.

Joe Schultz

Joe Schultz

Chief Operating Officer

25+ years of alternative asset management experience spanning operations, compliance, risk management, and organizational leadership.

Contact

Vanquish Alternative Asset Management, LLC

pceko@vanquish-aam.com Phone: 708-380-4213 britchey@vanquish-aam.com Phone: 917-797-8613 info@vanquish-aam.com General Inquiries

Important Disclosures

Vanquish Aviation Program

This confidential presentation provides an overview for discussion. It does not constitute an offer or a solicitation. Any offering will rely on definitive documents, which govern investment terms and risks.

Operating models and sensitivities are hypothetical. They reflect selected operating assumptions and do not represent actual performance, projected net investor returns or a guarantee. Actual results may differ materially.

Aircraft investments involve illiquidity, operating risk and possible loss of capital. Illustrative economics do not constitute a realized program track record. Past experience of personnel does not assure program results.

Information may change. Prospective investors should review definitive documents and obtain their own investment, legal and tax advice. Tax benefits depend on individual circumstances.

Website Disclosures

The information contained on this website is provided by Vanquish Alternative Asset Management, LLC ("VAAM") for informational purposes only. The content presented is intended to provide general information regarding VAAM, its investment philosophy, investment process, and organizational capabilities. Nothing contained on this website should be construed as investment advice, legal advice, tax advice, accounting advice, or a recommendation regarding any investment, security, or investment strategy.

No information contained on this website should be relied upon as the sole basis for making an investment decision.

No Offer or Solicitation

Nothing contained on this website constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security, investment product, or advisory service.

Any offer or solicitation may be made only through the applicable confidential offering memorandum, subscription documents, governing agreements, and other required offering materials, and only to investors who satisfy all applicable eligibility requirements.

Intended Audience

This website is intended primarily for institutional investors and other eligible investors, including Qualified Eligible Persons ("QEPs") as defined under Commodity Futures Trading Commission ("CFTC") Regulation 4.7 and, where applicable, Qualified Purchasers as defined under the Investment Company Act of 1940.

This website is not directed toward retail investors and should not be relied upon by any person for whom such communications would be inconsistent with applicable securities laws or regulations.

Investment Risks

Alternative investments involve substantial risks and are not suitable for all investors. Investment programs may experience significant volatility and may employ strategies involving derivatives, leverage, short selling, concentrated positions, or other investment techniques that can increase both gains and losses.

Investing involves risk, including the possible loss of principal. There can be no assurance that any investment strategy will achieve its investment objectives, generate profits, or avoid losses.

Investment Philosophy and Process

Descriptions of VAAM's investment philosophy, research methodology, portfolio construction process, risk management techniques, or investment approach are provided solely to illustrate how VAAM evaluates investment opportunities.

References to investment processes, systematic methodologies, market conditions, risk controls, diversification techniques, or portfolio construction practices should not be interpreted as guarantees that such methods will be successful or will consistently produce favorable investment outcomes.

No Performance Information

Except where expressly indicated, this website does not present investment performance, historical returns, hypothetical returns, model performance, or performance projections.

Should performance information be provided in the future, such information will be accompanied by the applicable disclosures regarding calculation methodologies, fees, expenses, assumptions, and other limitations necessary for proper interpretation.

Past performance, where presented, is not indicative of future results.

Forward-Looking Statements

Certain statements contained on this website may constitute forward-looking statements regarding investment objectives, market conditions, economic expectations, investment opportunities, or future business activities.

Forward-looking statements are based upon current assumptions, expectations, and beliefs and are subject to numerous known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. VAAM undertakes no obligation to update any forward-looking statements except as required by applicable law.

Third-Party Information

Certain information contained on this website may be obtained from third-party sources believed to be reliable. While VAAM believes such information to be reliable, it has not independently verified all information presented and makes no representation or warranty regarding its accuracy, completeness, or timeliness.

Any market data, indices, economic information, or other third-party content is provided for informational purposes only and remains the property of its respective owners.

No Reliance

Visitors should conduct their own independent evaluation of any investment opportunity and should consult their own legal, tax, accounting, financial, and investment advisers before making any investment decision.

Nothing contained on this website should be interpreted as creating any fiduciary relationship or advisory relationship with VAAM.

Website Information

The information contained on this website is current only as of the date it is published unless otherwise indicated. VAAM reserves the right to modify, update, or remove information contained on this website at any time without prior notice and assumes no obligation to update previously published information.

Intellectual Property

Unless otherwise indicated, all content contained on this website, including text, graphics, logos, design elements, trademarks, and other materials, is the property of Vanquish Alternative Asset Management, LLC or is used under appropriate license.

No portion of this website may be copied, reproduced, modified, distributed, republished, transmitted, displayed, or otherwise used without the prior written consent of VAAM, except as permitted by applicable law.

Contact Information

Questions regarding these disclosures or VAAM's investment programs may be directed to:

Vanquish Alternative Asset Management, LLC
info@vanquish-aam.com