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Old 15th Oct 2002, 21:25
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Designed by Airline Pilots for Those in the Aviation Industry

This looks like a great NEW Forum. I read the Rules and Purpose from the Moderator and I think our project fits the profile so let me be the first to post a project.

The International Pilots Group (IPG) is a consortium of airline pilots representing many of the major airlines in the world. We have focused on a tax-advantaged project in the Caribbean for the past 3 years. Phase One of our inaugural project is complete; Phase Two just started on the oceanfront in the beautiful tax-free Cayman Islands.

We have designed two secure websites with all the details of our group and current project. Our home page www.ipgglobal.net (about our group) is like the trunk of a tree while www.castawayscove.net (the project) is like one of the branches. We have a Virtual Tour on our Castaways Main Page and many pictures of the Resort in our Media Section.

Last edited by Island Boy; 24th Mar 2003 at 19:27.
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Old 15th Oct 2002, 22:04
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Thanks for the post Island Boy.

I have a request, I've gone to the site, checked out your mission statement, how to join, etc. (Brief, cursory look) But I'd like to see the actual benefits to our airline industry, how many there are, if they are genuine, the small print, etc.

Would you be able to provide a login for the secure information, so I could review the site and give a synopsis? Anything you post publicly will be seen by everyone here, so if you post it privately I'll understand. (From what I gather, you want pilots and airline people looking at the site anyway.)

Thanks
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Old 15th Oct 2002, 23:17
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We are pleased to provide the following generic login info for you and anybody else who has taken the time and interest to view this forum. You must use it to login to both our websites separately.

EMAIL: [email protected]
PASSWORD: benefits
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Old 15th Oct 2002, 23:48
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I have taken a look at both your websites and I'm impressed with how much information you have and how easy it is to navigate the sites.

I have 2 questions did you look at any other tax free Caribbean islands such as the Bahamas or the Turks & Caicos and can I get my own personal login.

Thanks 74
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Old 16th Oct 2002, 17:59
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Island Boy, thanks for the login.
You guys have a lot of information to go over.

I've spent much of my time, downloading documents, your rental return analysis, maintenance fee analysis, etc.
Figured out (SOME) of the benefits to being a pilot with your projects. Read your "join" section.
Even checked out your screensavers (virus checked for safety).

I'm still putting together an overview, but I do have a couple of comments.
First, if possible, I was very intrigued by the health coverage survey and section. Would you be able to post in the "International Health Coverage" thread something about what your doing and whats involved in selecting a plan? (I take it its not individual health coverage.) I think a few of us might be interested.

Also, your Vacation Rentals/Exchanges forum is that specifically for airline people, or is anybody allowed to post in there? (There's an apartment in Paris thats spectacular) If so, are their any discounts for PPRuNe members?

Thanks

P.S. It's good to hear you have a history with PPRuNe.
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Old 16th Oct 2002, 18:55
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Hi 74

We looked at both those jurisdictions and determined the Cayman was safer, more sophisticated, with better commuter uplift. But the biggest single factor was the investment required to obtain Permanent Resident Status which was Considerably less than the Bahamas or Turks.

To obtain your own login just download our Membership Form and email it back it usually only takes a couple of minutes.
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Old 17th Oct 2002, 08:28
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island boy I went to your site.
i still need answers to some questions.
Could you tell me, what are the benefits for pilots?
This group of pilots? What do they get? What will I get if I join?

It's not that clear. Is this a one off project? Are there tax implications to this investment? Are there any perks for us pilot s?

I would just like to know in point form what the benefits are over any other person who isn't in our industry investing in one of your projects.

If you dont mind.

vestage - av8r
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Old 17th Oct 2002, 16:08
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Questions, Questions!!!

I'm a little short of time this mornin' and your Q will take a little longer to answer, so I'll get to yours a little later Vestage.

To answer the Q about our Vacation Rental/Exchange Forum properly you need a little history..... Our development in the Cayman is a condo/hotel which means the owners of the units usually put their unit in the hotel rental pool (if they are not living there full time) which provides a good financial return on there investment when they are not using it.

To further enhance their financial return we decided to setup a Free Vacation Rental/Exchange Forum for them to provide additional exposure for their properties as our members are from all over the world.

It turned out to be pretty popular with airline & non airline owners providing over 40 listings in 3 weeks. It has evolved into a Forum for anybody who is interested in finding a vacation property or exchanging one to deal directly with owners etc. (many who offer discounted rates) without a middleman as we have nothing to do with it.
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Old 18th Oct 2002, 16:31
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Vest. IB's off the island for a few days so I'll attempt to answer your questions on behalf of our group.

1. The benefits for pilots are many such as:

a) Lifestyle, beautiful fee simple oceanfront on the Caribbean Sea complete with diving, boating, fishing, golfing and of course just relaxing in the sun.

b) Tax advantages (as a result of obtaining Permanent Resident Status - PRS in the tax-free Cayman Islands) by purchasing an ocean front villa in the Resort.

c) Financial Return on your Investment (ROI) by placing your unit in the Hotel Rental Pool when you're not using it.

d) Historically prime oceanfront properties in the Cayman Islands have had good capital gains when sold.

e) Tradibility with over 1600 hundred 5 - star Resorts around the world (even though your villa is a freehold title) through Interval International. To name a few.

We have also been presented with several other similar projects which are currently under consideration, consequently we plan to be around for a long time.

As a point of interest although this is a little off topic we have been asked to present a rescue plan for an operating airline which is also currently in the works.

Regards,

Des
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Old 18th Oct 2002, 17:36
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Thanks Des That clears it up.

The 3 bedrooms look nice, but are way out of my price range.

Thanks anyways.

vestage - av8r
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Old 18th Oct 2002, 18:29
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That's precisely why we designed the studio with an efficiency kitchen which is probably the most affordable new waterfront unit on the Island.

We also have a number of pilots who buy a 2 bdrm ( which as shown in our architectural section is a studio and 1 bdrm) with a friend. They both get a PRS and then have the option of renting either a studio, 1 bdrm, or 2 bdrm providing them excellent flexibility and return.
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Old 18th Oct 2002, 18:42
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I've spent a couple of hours on your Castaways website and I'm interested in seeing it first hand. How much lead time do you need to arrange a complimentary visit?

Last edited by 747pilot; 18th Oct 2002 at 21:33.
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Old 18th Oct 2002, 21:39
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Not much time at all, although it is based on availibility. Two ways to do it download our Reservation Request Form and email it back or send an email to [email protected] referencing this PPRuNE Forum and provide a primary (preferred) and two secondary (backup) dates.
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Old 19th Oct 2002, 14:35
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Geez, you guys are efficient I'll see you the last week of Nov. My wife and I also really appreciate being picked up at the airport.

Thanks again it will be nice to meet you guys.
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Old 20th Oct 2002, 15:16
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You know I was talking to somebody about this, he is actually involved. He said something about this IPG group hoping to do something charitable for the Cathay guys that got sacked last year, the 49er's. Maybe a golf tourny or something, is that true?
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Old 20th Oct 2002, 18:49
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The 49er's from a Charitable Standpoint

Yes it is, we wanted to give something back to the Airline Community. We all know some of the 49er’s personally and we all know how we would feel if we were one of them. You know that old saying “There go I but for the Grace of God” (or something like that) and so we have tabled a proposal through the appropriate channels which in a nutshell says that we will deposit a percentage of the sales from our projects into a special fund set up and administered by the 49er’s committee to further assist them through this unimaginable time.

We don’t want to be involved in the politics; just simply assist fellow pilots who we feel are victims. It is important to note that we do not have any official response (sanction) from their committee yet and until we do this is just theory. Hopefully we will hear from them soon.

With regard to the golf tourney, this has evolved from a thread we started over on the PPRuNe Bashes Forum to host a get together for PPRuNer’s in the Cayman. It was then suggested that this might be another good venue to further assist them by hosting a 49er’s Golf Tournament with all the proceeds again going to them personally. We liked the idea, but this will be totally dependent on interest and response. If you want to see how it evolved go to PPRuNe Bashes and click on the thread "How About Our Resort in the Cayman Islands". We even had an inquiry from Capt. PPRuNe himself, which was encouraging.

Last edited by Desertour; 20th Oct 2002 at 19:23.
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Old 20th Oct 2002, 19:51
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It's nice to see this kind of support for the 49ers. Hopefully it can all come together.
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Old 22nd Oct 2002, 16:29
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Our sentiments exactly 6FU if you have any thoughts as to how we might expedite the process etc. we'd appreciate you posting them or if you'd prefer send me a private email.
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Old 23rd Oct 2002, 21:26
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I don't understand the hold up I would have thought they would have jumped all over it!

74 I would be very interested in talking to you personally when you get back form their Cayman project I'm thinking of going down there myself and would appreciate a "Heads Up"
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Old 24th Oct 2002, 04:11
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Yah I'd be interested in what your opinion is as well. I also heard these guys may be hosting an international seminar on offshore tax implications, residency and all that kind of stuff.

The guy who mentioned it to me said they have expert speakers from all over the world who give lectures on various subjects and he thought it lasted for about 2 days.

I think that would help me do you know anything about it?

Oh Yah I forgot to mention I'm for the forty niners idea.
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