Vocker Kristofferson and Co. 1700 S. El Camino Real, Suite 406 San Mateo, CA 94402 (650) 574-500 fax (650) 574-2334 Certified Public Accountants October 7, 2003 Mr. Neal Crispin, President JetFleet III 1440 Chapin Avenue #310 Burlingame, CA 94010 Dear Neal: Effective September 30, 2003, we resigned as auditors for JetFleet III. Our reports on financial statements for JetFleet III for the last two years did not contain an adverse opinion or disclaimer of opinion nor were they modified as to uncertainty, audit scope, or accounting prinicples. There were no disagreements with you or reportable events, as defined in Item 304(a)(3)(b) under Regulation S-B, during the last two fiscal years and through October 7, 2003. Very truly yours, VOCKER KRISTOFFERSON AND CO. /s/ Thomas H. Vocker Thomas H. Vocker