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Application of ELITE AIRWAYS BEFORE THE DEPARTMENT OF TRANSPORTATION OFFICE OF THE SECRETARY WASHINGTON, D.C. for a certificate of public convenience and necessity under 49 U.S.C. 41102 to engage in interstate scheduled and charter air transportation APPLICATION OF ELITE AIRWAYS FOR CERTIFICATE OF PUBLIC CONVENIENCE AND NECESSITY Communications with respect to this document should be sent to: GREGORY S. WALDEN AKIN GUMP STRAUSS HAUER & FELD 1333 New Hampshire Avenue NW Washington, D.C. 20036 202-887-4213 [email protected] April 29, 2015 Notice: Any person who wishes to support or oppose this application must file an answer by May 15, 2015 and serve that answer on the above-signed counsel on all persons served with this application.

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Application of

ELITE AIRWAYS

BEFORE THE

DEPARTMENT OF TRANSPORTATION

OFFICE OF THE SECRETARY

WASHINGTON, D.C.

for a certificate of public convenience and necessity under

49 U.S.C. 41102 to engage in interstate scheduled and charter

air transportation

APPLICATION OF ELITE AIRWAYS FOR CERTIFICATE OF PUBLIC CONVENIENCE AND NECESSITY

Communications with respect to this document should be sent to:

GREGORY S. WALDEN

AKIN GUMP STRAUSS HAUER & FELD

1333 New Hampshire Avenue NW

Washington, D.C. 20036

202-887-4213

[email protected]

April 29, 2015

Notice: Any person who wishes to support or oppose this application must file an answer by May 15, 2015 and serve that answer on the above-signed counsel on all persons served with this application.

Application of

ELITE AIRWAYS

BEFORE THE

DEPARTMENT OF TRANSPORTATION OFFICE OF THE SECRETARY

WASHINGTON, D.C.

for a certificate of public convenience and necessity under

49 U.S.C. 41102 to engage in interstate scheduled and charter

air transportation

APPLICATION OF ELITE AIRWAYS FOR CERTIFICATE OF PUBLIC CONVENIENCE AND NECESSITY

Elite Airways submits this application for a certificate of public convenience and necessity

authorizing interstate scheduled and charter air transportation pursuant to section 41102 of

Title 49 of the United States Code (the "Statute").

In support of its application, Elite states the following:

1. Elite is a limited liability company formed in 2006 under the laws of the State of Nevada.

The business was started to serve the on-demand market with one Bombardier CRJ-200

(CL-600-2B19) aircraft. Elite's primary focus is on NCAA sports charter business and has

grown that business over the past three years to comprise a fleet of five CRJ-200 aircraft,

four of which are owned.

2. Elite's address, telephone and fax numbers are: 208 Fore Street, Portland, Maine 04101

(207-842-6400), where Elite's corporate, dispatch, maintenance control, and

administrative offices are located, and 1135 West Nasa Blvd., Melbourne, Florida 32901

{321-265-5101), where Elite's main maintenance base is located; fax number is 207-221-

1578. A certificate of good standing from the Secretary of State of the State of Nevada is

attached at Exhibit 1.

3. Applicant is a citizen of the United States as defined in section 40102{a)(15) of the

Statute. Elite is owned by (1) JWP Group LLC, a single-member LLC 100% owned by John

Pearsall, who is a U.S. citizen; (2) the Lyle Family Trust, a trust managed by Robert V. Lyle

and Susan Lyle and whose members are the Lyles' two children, all of whom are U.S.

citizens, and (3) the Don Hankey Trust, whose trustor is Don Hankey, who is a U.S.

Elite Airways Application for Certificate of Public Convenience and Necessity April 29, 2015 Page 2 of 5

citizen. This trust is managed for the benefit of Mr. Hankey's children, each of whom is a U.S. citizen. All officers and directors of Elite are citizens of the United States. Sworn affidavits stating that Applicant and each of its owners and officers is a citizen of the United States are attached at Exhibit 2.

4. Applicant currently holds an Air Carrier Operating Permit #19EA891L under Part 119 of the Federal Aviation Regulations ("FARs") authorizing it to conduct charter operations as a supplemental carrier under Part 121 of the FARs. Applicant also has registered as an air taxi with the Department under Part 298 to operate aircraft designed for no more than 60 seats. Elite currently owns and operates four CRJ-200 aircraft with designed seating capacity of 50 seats {N91EA, SN 7705; N92EA, SN 7732, N93EA, SN 7563, N96EA, SN 7700) and leases one 50-seat CRJ-100 aircraft from AVMAX Group {Wells Fargo Bank, is owner-trustee)(N97EA, SN 7027).

5. Applicant conducts scheduled charter services between Branson Airport and Houston Hobby and also between Branson Airport and Denver International Airport on behalf of Branson Air Express. Applicant also conducts charter services for the National Collegiate Athletic Association, flying sports teams of NCAA colleges and universities teams to and from road games, throughout the continental United States.

6. Elite utilizes an in-house FAA-approved training program for pilots, flight attendants, and maintenance personnel. Elite primarily contracts with Pan Am in Minneapolis, Minnesota for simulator time on the CRJ with CAE as a back-up provider. Elite accomplishes a large percentage of maintenance in-house. Heavy maintenance is contracted out to C&L Aerospace in Bangor, Maine and manufacturer-owned West Virginia Air Center.

7. Attached at Exhibit 3 is a sworn affidavit stating that each of these aircraft has been certificated by the FAA as airworthy and complies with all applicable FAA safety standards.

8. Applicant requests authority to engage in (1) charter air transportation of persons, property, and mail, using CRJ-700 aircraft, with a designed seating capacity of 70 seats, in the same manner as Elite's current operations of the CRJ-200 aircraft; and (2) scheduled air transportation of persons, property, and mail using CRJ-200 and -700 aircraft. Elite initially intends to inaugurate scheduled service between Branson MO, (BBG) and Houston TX, (HOU) five times per week.

9. Applicant has leased from Regional One four CRJ-700 aircraft to add to its Operations Specifications ("Op Specs") and to operate these aircraft in both charter and scheduled operations. The addition of these aircraft will not change or add to Elite's management

Elite Airways Application for Certificate of Public Convenience and Necessity April 29, 2015 Page 3 of 5

team. Incremental additions will be made in flight crew, flight control, and maintenance areas, mainly due to these aircraft having a common type certificate.

10. Applicant will request an amendment of its Op Specs to add the CRJ-700 aircraft to its certificate as they are conformed to Part 121 specifications. No other new or additional authority from the FAA is required for the CRJ-700 aircraft. The Portland, Maine Flight Standards District Office has oversight jurisdiction for Elite's Part 121 certificate. Contact information: Douglas Bordeaux, Principal Operations Inspector, 207-780-3263 X141.

11. A list of the owners of the Applicant, the number and percentage of total number of voting shares held by each owner, and the citizenship of each owner, is attached at Exhibit 4.

12. Applicant does not have any operating division or subsidiary. Neither the applicant nor any officer of Applicant nor any substantial owner has a financial interest in any other air carrier, common carrier, or person substantially engaged in the business of aeronautics.

13. An organization chart of Applicant showing the position held by key personnel of the applicant is attached at Exhibit 5. The resumes and questionnaires for key personnel are attached at Exhibit 6.

14. A statement that Elite's key technical personnel each meets the qualifications for their respective positions as set forth in 14 C.F.R. 119.65 and 119.67 is attached as Exhibit 7.

15. Information about Applicant's financial position and operating plan is attached as follows: Exhibit 8 contains the balance sheet and income statements of the applicant for the most recent three calendar Years 2012, 2013, 2014, and 2015 through the first two months. Statements of liens, commitments, transactions, liabilities, judgments, and significant financial events since the preparation of the most recent financial statement are attached at Exhibit 9. Applicant's forecast balance sheet and profit and loss statement, and statements regarding capital needed to support applicant's operations are attached at Exhibit 10.

16. Information about the compliance history of key personnel is included in the questionnaires attached at Exhibit 6. With respect to Elite, there is no current pending enforcement action or formal complaint involving the Statute, or rules or regulations of the Department, including the FAA, which involves the applicant. No criminal or civil charges alleging fraud, felony, or antitrust violations, or unfair, anticompetitive or deceptive business practices have ever been filed against Elite. Elite has never been involved in an accident or incident as those terms are defined by the National

Elite Airways Application for Certificate of Public Convenience and Necessity

April 29, 2015 Page 4 of 5

Transportation Safety Board ("NTSB"). See the answers to these and related questions

in Exhibit 9.

17. Elite's Family Assistance Plan required by Section 41113 of the Statute has been filed

separately in Docket DOT-OST-96-1960 and a copy has been provided to the NTSB Office

of Public Affairs.

18. Applicant's current Certificate of Insurance, OST Form 6410, has been provided to the

FAA (AFS-260) and is attached at Exhibit 11. A revised OST Form 6410 to reflect the

higher insurance coverage required for scheduled operations will be filed when the

applicant is ready to begin scheduled operations.

19. The signed counterpart to the Montreal Agreement 18900 dated May 13, 1966, OST

Form 4523, has been filed with Docket DOT-OST-1995-236, and a copy of which is

attached at Exhibit 12.

20. Applicant's Contingency Plan for Lengthy Tarmac Delays required by Part 259 has been

approved by the Department and is contained on applicant's website.

Exhibits

trauss Hauer & Feld

lite Airways

Elite Airways Application for Certificate of Public Convenience and Necessity

April 29, 2015 Page 5 of 5

CERTIFICATION

The contents of this application and the attached Exhibits are true and correct to the

best of my knowledge and belief. Pursuant to Title 18 United States Code Section 1001,

I, John Pearsall, in my individual capacity and as the authorized representative of the

applicant, have not in any manner knowingly and willfully falsified, concealed or failed to

disclose any material fact or made any false, fictitious, or fraudulent statement or

knowingly used any documents which contain such statements in connection with the

preparation, filing or prosecution of the application. I understand that an individual who

is found to have violated the provisions of 18 U.S.C. Section 1001 shall be fined or

imprisoned not more than five years, or both.

~~ ohn Pearsall President Elite Airways

April 29, 2015

Elite Airways: Application for Certificate of Public Convenience and Necessity

Exhibit 1 Certificate of Good Standing

YOFSTA.~

CERTIFICATE OF EXISTENCE WITH STATUS IN GOOD STANDING

I, BARBARA K. CEGA VSKE, the duly elected and qualified Nevada Secretary of State, do hereby certify that I am, by the laws of said State, the custodian of the records relating to filings by corporations, non-profit corporations, corporation soles, limited-liability companies, limited partnerships, limited-liability partnerships and business trusts pursuant to Title 7 of the Nevada Revised Statutes which are either presently in a status of good standing or were in good standing for a time period subsequent of 1976 and am the proper officer to execute this certificate.

I further certify that the records of the Nevada Secretary of State, at the date of this certificate, evidence, ELITE AIRWAYS, LLC, as a limited liability company duly organized under the laws of Nevada and existing under and by virtue of the laws of the State of Nevada since January 25, 2007, and is in good standing in this state.

Electronic Certificate Certificate Number: C20150216-0142 You may verify this electronic certificate online at http://www.nvsos.gov/

IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Great Seal of State, at my office on February 16, 2015.

~K.~ BARBARA K. CEGA VSKE

Secretary of State

Elite Airways: Application for Certificate of Public Convenience and Necessity

Exhibit 2 Citizenship Affidavits

AFFIDAVIT OF CITIZENSHIP ,/""

STATE OF ~?oAt ()4

COUNTYOF &A-ev,q..;fO

John Pearsall, being first duly sworn, deposes and says:

1. That he is duly elected, qualified, and serving as President of Elite Airways and that he is

authorized to and does make this affidavit for it.

2. That Elite Airways is a citizen of the United States within the meaning of 49 U.S.C.

40102(a)(15).

Subscribed and swom to before me this ~~~ y of March2015.

~64 ~· (}:(;J:)--,,,, .. ,,, .d~"' ''~t.'•-:. MARV E. ANDERSON i ~· • 1 Notary Public • State of Florida t =· • • •t \.;"-.. ~§ My Comm. Expires Jul2. 2017

(SEAL ''•:.~r:r.,>,\~<IJ.-~ Commission IfF 33354 t

AFFIDAVIT OF CITIZENSHIP

STATE OF FLORIDA

COUNTY OF BREVARD

_ _,J""'ohn=-W..:...:....:P:...:c=ars:::a::..:l'"'"l ___ being first duly sworn, deposes and says:

1. That he/she is duly elected, qualified, and serving as --=Pr:..:::e=si=den=t ___ _

of _____ _.::E~li~te:.:.A~i!..!rw~auv~s ___ and that he/she is authorized to and

does make this affidavit for it.

2. That __ R_e_f'C'._~_/_._...);_6_tt_~_1l_5_·~_AJ_. __ .is a citizen of the United States

within the meaning of 49 U.S.C. 40102(a)(15).

Subscribed and sworn to before me this

,, I •(ill" :.

£Jilt, . I L day of fv\(u( h '2015

AFFIDAVIT OF CITIZENSHIP

STATEOF FLORIDA

COUNTY OF BREVARD

_ __,J'-"o=hn~W...:..:...,;:P::....;:e=ars=al;:....l ___ being fl.t'St duly sworn, deposes and says:

1. That he/she is duly elected, qualified, and setving as ---"-Pr::.;:;e:si=de=n=t ___ _

of _____ --=E~li.:::te:...:..Airw.::;·:...:..:.::a::.t.y!;:...s ___ and that he/she is authorized to and

does make this affidavit for it.

2. That r 0'3~"1 v. L-t l.e' ~ "€, is a citizen of the United States

within the meaning of 49 U.S.C. 40102(a)(15).

-r\\.. II. ~. Subscribed and swom to before me this \ L day of 1'-~\0..\Cl\ • 2015

AFFIDAVIT OF CITIZENSHIP

STATE OF FLORIDA

COUNTY OF BREVARD

_ __,J:..:::o~hn:o:...W..:..:.....:P,_,e.,.ars=al"'""l ___ being first duly sworn, deposes and says:

1. That he/she is duly elected, qualified, and serving as ---"-'Pt=-=·e~si=de:::.n:.:.t ___ _

of _____ __..:;;;E::!lit.:::::e:..:.Ail.::;'~w.:.::a::.Ly~s ___ and that he/she is authorized to and

does make this affidavit for it.

2. That _D_o_I\J_R_._~_A_f'.J_k_-_t::"'_V...;._ _ __.is a citizen of the United States

within the meaning of 49 U.S.C. 40102(a)(15).

l '7f'\1 ~~ J , r 1 Subscribed and sworn to before me this L ' day of t~VJYLA1 '2015

AFFIDAVIT OF CITIZENSHIP

STATEOF FLORIDA

COUNTY OF BREVARD

_....:J~o~hn:.:.....!..!W'-'P::...;:e::::ars=al~l ___ being flrst duly sworn, deposes and says:

1. That he/she is duly elected, qualilled, and serving as -~Pr:c.::e~si::::de::.n:.:.t ___ _

of _____ --=E=li.::.:te'"'"Airw.=':..:.:.:;a""y::..s ___ and that he/she is authorized to and

does make this affidavit for it

2. That ('1,-ett.yt. 1/A ,::r;J.I,VS ~.AJ is a citizenofthe United States •

within the meaning of 49 U.S.C. 401 02(a)(15).

llfl\ (\ I ,, j,...

Subscribed and sworn to before me this day of 1\!llA.tC f\ , 2015

AFFIDA VlT OF CITIZENSHIP

STATE OF FLORIDA

COUNTY OF BREVARD

_ .... J'""'oh=n::..W..:...:.....P'""e,_ai=:sa=l"'-1 ___ being first duly sworn, deposes and says:

1. That he/she is duly elected, qualified, and serving as _ __.:-Pr~e~si.:=:de:::.n!::.t ___ _

of _____ --=E=lit::::e_...A=it:...:.w.:...::a::.~.v .... s ___ and that he/she is authorized to and

does make this affidavit for it.

is a citizen of the United States

within the meaning of 49 U.S.C. 40102(a)(15).

r 1th (Ll , .~ \ Subsclibed and sworn to before me this ____lk:__day of\1.\(L; !\ '2015

..... _...... _..... .............. ...-.. ..-.. fil '(} ......... , .J // f ,,!(~ 'r1 '1 m -··-· ,... U/'-"

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STATE OF FLORIDA

COUNTY OF BREVARD

AFFIDAVIT OF CITIZENSHIP

--=J""ohn=-W~P:...::e:::::ars~a==l~l ___ being first duly sworn, deposes and says:

1. That he/she is duly elected, qualified, and serving as -~Pre=si=de::.n:;:..t ___ _

of _____ --::;;E~li~te:..!.Airw..:::'::..:.:..:a:.~:v.:::..S ___ and that he/she is authol'ized to and

does make this affidavit for it.

2. That 0.t-tALDV 0. 11-c.TtS is a citizen of the United States

within the meaning of 49 U.S.C. 40102(a)(l5).

~./2# Subscribed and sworn to before me this I z-'1'dayof AICtrCh ,2015

AFFIDAVIT OF CITIZENSHIP

STATE OF FLORIDA

COUNTY OF BREVARD

_....:J"""ohn.:=-W..:.:.....:P~e::at:.::::S:::al;:...l ___ being first duly swom, deposes and says:

1. That he/she is duly elected, qualified, and serving as -~Pr:..::es::::.:i=de:;:;n~t ___ _

of _____ --=E=lit=e..:.Ai='tw~a::,L.ys=-----and that he/she is authorized to and

does make this affidavit for it.

2. That :J'7:;. ">"CI'Ir ..::T. ~~~IS r-e/1 i is a citizen of the United States

within the meaning of 49 U.S.C. 40102(a)(l5).

Subsclibed and sworn to before me this 12ih day of MnrCY\ , 2015

/\

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Commission II FF 33354

AFFIDAVIT OF CITIZENSHIP

STATEOF FLORIDA

COUNTY OF BREVARD

--"J=ohn=....;W"-"-P=ears=al:.:..l ___ being first duly sworn, deposes and says:

I. That he/she is duly el ectcd, qualified, and setving as --'P"-"r=es:::::ide=nt=------

of _____ .....;E:::.:li:::.:'te~Ait~· w.:..:..a::.Jyt..::::s ___ and that he/she is authorized to and

does make this affidavit for it.

2. That E~tl< '7; Wt t..SoAI. is a citizen of the United States

within the meaning of 49 U.S.C. 40102(a)(15).

":f\V\ t.. J. Subscribed and sworn to before me this \f.- day of 1"\n<Ch , 2015

Elite Airways: Application for Certificate of Public Convenience and Necessity

Exhibit 3 FAA Compliance Affidavit

AFFIDAVIT OF SAFETY COMPLIANCE ..--

STATE OF T-.? ().;z,, 04

COUNTY OF f3~t>-ev4.c..O

John Pearsall, being first duly sworn, deposes and says:

1. That he is duly elected, qualified, and serving as President of Elite Airways and that he is

authorized to and does make this affidavit for it.

2. That aircraft owned and leased by Elite Ahways have been certified by the Federal

Aviation Administration and currently comply with all applicable Federal Aviation

Administration safety standards under Pat1121, as well as the noise standards ofPru136,

of the Federal Aviation regulations.

Subscribed and sworn to before me this -'IN

12 day of March 2015.

J}kru 1 6 t(SJ.__-1 4 '"''!'"'''' m MARY f. ANDERSON ".w f.'Co '. ' : ·I Notary Public • Stare or Florida

\~ "i My Comm. Expires Jul2, 2017 (SEAV .,~ff,;c:r.r,\~" Commission fl FF 33354

Elite Airways: Application for Certificate of Public Convenience and Necessity

Exhibit 4 Ownership Schedule

Name

Lyle Family Trust*

Don Hankey Trust**

JWP Group, LLC***

Elite Airways LLC

Ownership Schedule

Percentage ownership

60%

25%

15%

Citizenship

U.S.

u.s. U.S.

*Lyle Family Trust is managed by Robert V. Lyle and Susan Lyle; members of the Trust are Robert Lyle III and Corey Lyle. All four persons are citizens of the United States.

* * Don Hankey Trust is managed by Don Hankey for the benefit of his family, all of whom are citizens of the United States.

*** JWP Group, LLC is 100% owned by John Pearsall, who is a citizen of the United States.

Elite Airways: Application for Certificate of Public Convenience and Necessity

Exhibit 5 Organization Chart

President/Director of Operations

John Pearsall

Director of Safety -Joseph Battistelli ,,

I I I I I I Director

Chief Pilot-Shawn Director Corporate VP Customer Service CFO-Cheryl Johnson Chief Inspector Maintennace

Actis Operations Peter Sorensen Eric Wilson .

I Manager of Maintenance

Check Airmen Technical ..... Finance ...... Inspectors F- Controllers Publications

. ~" -

R

Flight Attendants 1-- Mechanics

' , .

Pilots ...... Records-Logistics

Elite Airways: Application for Certificate of Public Convenience and Necessity

Exhibit 6 Resumes and Questionnaires of Key Personnel

Shawn D. Actis [email protected] Phone: 704-728-8928

PERSONAL STATEMENT: Professional pilot with a diverse background, committed to excellence with strengths in safety,

management and customer service.

QUALIFICATIONS: Airline Transport Pilot MEL Type Rated: CL 65: 200,700,900, 850 Commercial SEL CFI I MEl I AGI FAA First Class medical FCC Radio License CRM and CPR Trained

AVIATION EXPERIENCE:

Total Time: 7000+ Hours

PIC Jet: 2700+ Hours CL-65: 4700+ Hours Turbine: 4670 Hours MEL: 5350 Hours

Instrument: 800 Hours PIC: 4600 Hours

Elite Airways, Inc. (Part 121 Supplemental Airline, North and South America, Caribbean) February 2007- Present

Chief Pilot/ Check Airman/ Director of Training I Captain I Initial Cadre • Line Captain and Lead Check Airman responsible for the safe operation of the aircraft and crew while attaining a high level of

service for our VIP passengers, for both domestic and international flights. • Responsible for hiring, training, scheduling and managing pilots. • Advised, wrote, and edited various manuals for the airline: General Operations, Flight Training, MEL and Checklist.

• Work closely with the FAA to ensure compliance, record keeping and safety. MWR Racing, LLC. January 2007- November 2010

CRJ Lead Pilot/Captain • Line Captain and Lead pilot responsible for the safe operation of the airplane and crew while attaining a high level of service for

our VIP passengers. • Led, managed, scheduled and maintained training records for CRJ pilots. • Performed all PIC I Captain duties and responsibilities: preflight, post flight briefings and planning. • Developed, wrote, submitted and received FAA Approval for CRJ procedures manual and checklist and was instrumental in the

process of obtaining the FAA approved Part 125 certificate. Mesa Airlines May 2003- January 2007

Captain • Pilot-in-Command for FAR 121carrier in the Express systems for US Airways, United, America West

• Captain in Bombardier CL-65 Series: CL65 CRJ-200, CRJ-700 and CRJ-900 • Performing all PIC I Captain duties and responsibilities, including preflight and post flight

briefings and planning for domestic and international flights. Self-employed Contract Pilot November 2001- May 2003

• PIC- PA31T-350 and PA34T-200 Part 91 flying- RHR Racing and Critical Care Specialists.

• Provided superior service and safe flights for customers and their clients. CC Air/ US Airways Express August 2001- Furloughed January 2003 Pilot

• First officer in BAe Jetstream 32 for Part 121 operator. • Assisted in providing safe and efficient commuter airline service and responsible for seating and briefing passengers. Package Express, Inc. May 2001- August 2001 Pilot

• PIC in PA34T-200 and PA32-300 • Part 135 cargo and bank check hauling operations ISO Aero, Inc. December 2000 - May 2001

Pilot • Flight instructor: Provide primary and advanced flight instruction and taking clientele on photo flights & traffic patrol

EDUCATION: Franklin Pierce College, Ringe, NH

B.S. Marketing, Magna Cum Laude New Hampshire Technical College, Laconia, NH

Major: Aviation Business Airline Transport Certificate #2686026 Flight Instructor #2686026CFI

1995- February 1998

1992- 1994

Questionnaire

Name and address: Shawn Actis, 2225 Hwy AlA, unit 302, Indian Harbour Beach, FL 32937

Position and responsibility at Elite (include dates held): Chief Pilot- Feb 2007 to Present

Citizenship: USA

Education: B.S. Business- Marketing

Citizenship: USA

1. Have you ever held a position as officer, director, a 10% of more share of voting stock,

or other interest in any air carrier, common carrier, or persons substantially engaged in

the business of aeronautics or whose principal business is the holding of stock in or

control of any air carrier, common carrier, or a person substantially engaged in the

aeronautics business? If so, please state the positions and/or ownership interest you

held or hold and the names of the business and persons.

NO

2. If you are related by blood or marriage to any key personnel or a person holding a

substantial interest, please state that relationship.

NO

3. Please list all actions and outstanding judgments of more than $5,000 against you or

any person you represent and the amount of each such judgment, the party to whom

it is payable and how long it has been outstanding.

None

4. Please the list the number of actions and outstanding judgments of less than $5,000

against you or any person you represent and the total amount owed on each such

judgment.

None

5. Please list all pending investigations, enforcement actions or formal complaints filed

by the Department of Transportation, including the FAA, involving you or any person

you may represent, regarding compliance with the Federal Aviation Act or orders, rules

or regulations issued pursuant to the statute and any corrective actions taken.

None

6. Please describe any charge of unfair, deceptive, or anticompetitive business practice or

of fraud, felony, or antitrust violations brought against you or any person you

represent, in the past 10 (ten) years. The description should include all dispositions

and the current status of each such proceeding.

None

7. Please describe any aircraft accident or incident experience by you or any person you

represent, which occurred during the previous year preceding the date of the

application or at any time in the past which remains under investigation by the FAA,

NTSB or by any other entity. Include the date of the occurrence, the type of flight, the

number of passengers and crew on board and an enumeration of injuries and

fatalities, and describe the damage to the aircraft. Provide FAA and NTSB file numbers

and the status of any investigation, including enforcement actions initiated against the

carrier or you. Also describe any actions taken to prevent the recurrence of similar

events.

None.

JOSEPH J BATTISTELLI

B.S. IN ELECTRICAL ENGINEERING, UNIVERSITY OF CONNECTICUT M.S. IN ELECTRICAL ENGINEERING, UNIVERSITY OF ARIZONA

DIRECTOR OF SAFETY, ELITE AIRWAYS ADJUNCT PROFESSOR, MATHEMATICS, YAVAPAI COMMUNITY COLLEGE ADJUNCT PROFESSOR, ELECTRICAL ENGINEERING, EMBRY -RIDDLE UNIV.

PROFESSIONAL EXPERIENCE

March 2006 to Present. Director of Safety, Elite Airways. Responsible for the development of the Safety Manual for certification by the FAA. Responsible for the safety culture throughout Elite Airways, reporting to the President.

December 2005 to March 2006. Adjunct Professor of Electrical Engineering at Embry-Riddle University and Adjunct Professor of Mathematics at Yavapai Community College.

May 2003 to December 2005. Vice President, Customer Service, Primaris Airlines. Responsible for the development and implementation of foreign and domestic stations during the flag certification of Primaris Airlines. Developed the Customer Service Manual for acceptance by the FAA. Responsible for all facets of Customer Service after Certification.

November 2002 to May 2003. Adjunct Professor of Mathematics at Yavapai Community College and Adjunct Professor of Electrical Engineering at Embry-Riddle University.

November 1998 to November 2002. Pilot Instructor for National Airlines. Responsible for the development of the Basic Indoctrination Course material for Pilots. In addition, teaches the Basic Indoctrination Course for Pilots from 1998 through 2002. In addition, Teaches the Initial Security Curriculum as well as the Initial Dangerous Goods Training and the Initial CRM Curriculum.

June 1997 to November 1998. Adjunct Professor of Mathematics at Yavapai Community College and Adjunct Professor of Electrical Engineering at Embry-Riddle University.

June 1994 to June 1997. Adjunct Professor of Mathematics and Electronic Technology at Pima Community College.

February 1991 to June 1994. Vice President - Orion Industries. Developed a Configuration Management System for the Royal Saudi Air Defense Forces. He was responsible for conducting

program reviews with both the client and sub-contractors as well as day to day liaison with the client on all facets of the program.

November 1980 to February 1991. Riyadh Area Director for Litton Industries. Responsible for the in country installation of the Kingdom of Saudi Arabia's Air Defense System. He was responsible for all facets of the program, both administratively and technically, with the client.

February 1975 to November 1980. Engineering Director, Air Traffic Control Systems. Lockheed Aircraft Co. Responsible for the engineering and installation of the complete Saudi Arabian Air Traffic Control System. He was responsible for the operational viability of the System, the coordination of all interface data and the test and acceptance of the system.

July 1972 to February 1975. Senior Member of the Technical Staff of Hughes Aircraft Co. Development of classified Satellite Systems.

August 1969 to July 1972. Program Manager for a multi-faceted Instrument Landing System Program at Ohio University. This program was to conceive and implement improvements in the National Instrument Landing Systems and to assist the FAA in the evaluation of new concepts.

June 1962 to August 1969. Vice President of Electro Technical Analysis Corp. A private consulting firm. Consultant to the US Army Electronics Command, The FAA and to Private Industry.

August 1958 to June 1962. Hughes Master of Science Fellow and Member of the Technical Staff. Development of air-to air missile systems

1960 MSEE University of Arizona

1958 BSEE University of Connecticut

He is a member of IEEE, Institute of Navigation, Tau Beta Pi, Eta Kappa Nu, Sigma Xi, Phi Kappa Phi and is a registered Professional Engineer in Arizona and Ohio. He is listed in Who's Who in America, International and Engineering and Science.

He holds a private pilot certificate with an instrument rating.

Questionnaire

Name and address: Joseph J. Battistelli

50 29th St. NW Unit 158

East Wenatchee, WA 98802

Position and responsibility at Elite (include dates held):

Director of Safety and Security. 1/30/2007 to Present

Citizenship: USA

Education: MSEE, University of Arizona

Citizenship:

1. Have you ever held a position as officer, director, a 10% of more share of voting stock,

or other interest in any air carrier, common carrier, or persons substantially engaged in

the business of aeronautics or whose principal business is the holding of stock in or

control of any air carrier, common carrier, or a person substantially engaged in the

aeronautics business? If so, please state the positions and/or ownership interest you

held or hold and the names of the business and persons.

NO

2. If you are related by blood or marriage to any key personnel or a person holding a

substantial interest, please state that relationship.

NONE

3. Please list all actions and outstanding judgments of more than $5,000 against you or

any person you represent and the amount of each such judgment, the party to whom

it is payable and how long it has been outstanding.

NONE

4. Please the list the number of actions and outstanding judgments of less than $5,000

against you or any person you represent and the total amount owed on each such

judgment.

NONE

5. Please list all pending investigations, enforcement actions or formal complaints filed

by the Department of Transportation, including the FAA, involving you or any person

you may represent, regarding compliance with the Federal Aviation Act or orders, rules

or regulations issued pursuant to the statute and any corrective actions taken.

NONE

6. Please describe any charge of unfair, deceptive, or anti competitive business practice or

of fraud, felony, or antitrust violations brought against you or any person you

represent, in the past 10 (ten) years. The description should include all dispositions

and the current status of each such proceeding.

NONE

7. Please describe any aircraft accident or incident experience by you or any person you

represent, which occurred during the previous year preceding the date of the

application or at any time in the past which remains under investigation by the FAA,

NTSB or by any other entity. Include the date of the occurrence, the type of flight, the

number of passengers and crew on board and an enumeration of injuries and

fatalities, and describe the damage to the aircraft. Provide FAA and NTSB file numbers

and the status of any investigation, including enforcement actions initiated against the

carrier or you. Also describe any actions taken to prevent the recurrence of similar

events.

NONE

Don R. Hankey

' ~ 1 \\ , ~ I I l : '

l:i \ ', ,,

Born and raised in Los Angeles, Don Hankey completed his BA and post-graduate work at

the University of Southern California in 1965.

Stockbroker (1965 -1967) Jeffries & Co.

Vice President and Principal (1967 -1972)

Mitchum Jones & Templeton

Youngest vice-president (age 27) at a major investment banking firm that would later be bought

by USB Paine Webber

Chairman ( 1972 -current)

Hankey Group

Hankey Group, headquartered in Los Angeles, California, is comprised of seven operating

companies with 2,025 employees. Hankey Group's Total Assets as of December, 2014 are $4.3

Billion.

1972: With a family history in the automobile business, I acquired Midway Ford. Under my

leadership Midway Ford evolved into an independent, one-stop auto dealership that sold, rented,

financed and insured its fleet of automobiles.

1978: Westlake Financial Services is founded. Today Westlake Financial Services represents 53% of

the origination's assets which exceeded $2.3 billion in 2014 with over 1200 employees. In 2011,

Japanese conglomerate Marubeni Corporation invested $250 million dollars taking a 20 percent

ownership stake in Westlake.

1982: Hankey Investment Co. is incorporated. Today HIC owns over one million square feet of

Resume: Don R. Hankey

commercial buildings and half a million square feet of urban development land, currently valued

at over $450 million

1986: Midway Rent Car is incorporated. Today MRC has over 1,500 vehicles in its fleet with offices

throughout Southern California.

1988: Toyota of North Hollywood purchased. In 2014 TNH was ranked #5 in profits among the 76

Toyota dealers in Southern California

1993: Knight Insurance formed as a captive insurer. Today Knight Insurance Group assets exceed

$682 million. Knight Insurance Company, Ltd., is rated A- (Excellent) by A.M. Best.

1997: Nowcom is incorporated. With the advent of the Internet, I swiftly incorporated technology

into every aspect of the Hankey Group of companies.

2002 HFC Acceptance is incorporated. Today HFA assets exceed $462 million.

Page 2 I [Type your phone number]

Questionnaire

Name and address: 10«»1!'11 ~«»bert Hankey

Position and responsibility at Elite (include dates held): 25% member (()If IEiiil:e Airway$ UC «il$ «»f ~<lllliiUiill!"\f :JL, 2013.

Citizenship: USA

Citizenship: USA

1. Have you ever held a position as officer, director, a 10% of more share of voting stock,

or other interest in any air carrier, common carrier, or persons substantially engaged in

the business of aeronautics or whose principal business is the holding of stock in or

control of any air carrier, common carrier, or a person substantially engaged in the

aeronautics business? If so, please state the positions and/or ownership interest you

held or hold and the names of the business and persons 25% «»f Eliii:e Airrways ILIL(

2. If you are related by blood or marriage to any key personnel or a person holding a

substantial interest, please state that relationship. NONIE

3. Please list all actions and outstanding judgments of more than $5,000 against you or

any person you represent and the amount of each such judgment, the party to whom

it is payable and how long it has been outstanding. NONE

4. Please the list the number of actions and outstanding judgments of less than $5,000 against you or any person you represent and the total amount owed on each such

judgment. NONE

5. Please list all pending investigations, enforcement actions or formal complaints filed

by the Department of Transportation, including the FAA, involving you or any person

you may represent, regarding compliance with the Federal Aviation Act or orders, rules

or regulations issued pursuant to the statute and any corrective actions taken. NONtE

6. Please describe any charge of unfair, deceptive, or anticompetitive business practice or of fraud, felony, or antitrust violations brought against you or any person you represent, in the past 10 (ten) years. The description should include all dispositions and the current status of each such proceeding. NONE

7. Please describe any aircraft accident or incident experience by you or any person you represent, which occurred during the previous year preceding the date of the application or at any time in the past which remains under investigation by the FAA, NTSB or by any other entity. Include the date of the occurrence, the type of flight, the number of passengers and crew on board and an enumeration of injuries and fatalities, and describe the damage to the aircraft. Provide FAA and NTSB file numbers and the status of any investigation, including enforcement actions initiated against the carrier or you. Also describe any actions taken to prevent the recurrence of similar events. NOI\!HE

Cheryl M. Johnson, CPA Chief Financial Officer- Elite Airways, LLC

Cheryl Johnson, Chief Financial Officer, is a seasoned financial professional with

over 25 years of successful and practical experience in the management of

finance, accounting, human resources and administration for privately held

businesses.

Cheryl has 15 years of experience in chief financial officer (CFO) positions in

evolving, complex business environments. She has worked with companies in

the aviation, aerospace and manufacturing areas. Additionally, Cheryl's

experience has been in many different company phases including: organic, high

growth, acquisitions, divestitures, turnarounds, restructures, wind-downs and

start-ups.

Prior to her CFO experience, Cheryl was a senior manager at Ernst & Young,

LLP. She was in the public accounting practice area for 12 years, primary at "Big

4" accounting firms and international consulting organizations. Her experience

was primarily with privately-held companies in a wide range of industries.

Cheryl's public accounting expertise included seven years in accounting &

auditing and five years in litigation consulting.

Cheryl is a CPA in the State of California and holds a Bachelor of Science

degree with Honors in Business Administration with a Concentration in

Accounting from San Jose State University (1984). Cheryl has received

recognition as a top CFO Honoree by numerous organizations including the San

Fernando Valley Business Journal and TechAmerica.

Work Historv

Elite Airways RVL

Coyote Technologies G&H Technologies Ernst & Young Peterson Consulting Clark Nuber Arthur Andersen

Jan 2006 to Present May 2001 to Sept 2009 Mar 2000 to May 2001 Jan 1998 to Mar 2000

1994 to Jan 1998 1992 to 1994 1988 to 1992 1984 to 1988

Questionnaire

Name and address: Cheryl Johnson, 483 Mariposa Drive, Ventura, CA 93001

Position and responsibility at Elite (include dates held): Chief Financial Officer since inception

Citizenship: U.S.

Education: Bachelor of Science in Business Administration with Concentration in

Accounting San Jose State University; Certified Public Accountant State of

California

Citizenship:

1. Have you ever held a position as officer, director, a 10% of more share of voting stock,

or other interest in any air carrier, common carrier, or persons substantially engaged in

the business of aeronautics or whose principal business is the holding of stock in or

control of any air carrier, common carrier, or a person substantially engaged in the

aeronautics business? If so, please state the positions and/or ownership interest you

held or hold and the names of the business and persons.

a. Elite Aviation, LLC; Chief Financial Officer

b. Elite Airways, LLC; Chief Financial Officer

c. Klune Industries, Chie Financial Officer

d. G&H Technologies, Chief Financial Officer

e. Lucix, Chief Financial Officer

2. If you are related by blood or marriage to any key personnel or a person holding a

substantial interest, please state that relationship. None

3. Please list all actions and outstanding judgments of more than $5,000 against you or

any person you represent and the amount of each such judgment, the party to whom

it is payable and how long it has been outstanding. None

4. Please the list the number of actions and outstanding judgments of less than $5,000

against you or any person you represent and the total amount owed on each such

judgment. None

5. Please list all pending investigations, enforcement actions or formal complaints filed

by the Department of Transportation, including the FAA, involving you or any person

you may represent, regarding compliance with the Federal Aviation Act or orders, rules

or regulations issued pursuant to the statute and any corrective actions taken. None

6. Please describe any charge of unfair, deceptive, or anticompetitive business practice or

of fraud, felony, or antitrust violations brought against you or any person you

represent, in the past 10 (ten) years. The description should include all dispositions

and the current status of each such proceeding. None

7. Please describe any aircraft accident or incident experience by you or any person you

represent, which occurred during the previous year preceding the date of the

application or at any time in the past which remains under investigation by the FAA,

NTSB or by any other entity. Include the date of the occurrence, the type of flight, the

number of passengers and crew on board and an enumeration of injuries and

fatalities, and describe the damage to the aircraft. Provide FAA and NTSB file numbers

and the status of any investigation, including enforcement actions initiated against the

carrier or you. Also describe any actions taken to prevent the recurrence of similar

events. None

Education

Robert Vincent Lyle Jr. 4607 Lakeview Canyon Road #588

Westlake Village CA, 91361 818-292-0050 cell

Mount Pleasant Michigan High School

Work Experience

Automatic Electric Phone Installer

Carson Pirie Scott Retail Store

American Silk Label National Sales Manager

1957-1961

1961-1963

1963-1970

1970-1978

RVL Packaging (CEO/Owner) 1978-2002 Created a label sales and marketing company with 700 employees operating in 23 countries with annual Sales over $300M. Sold in 2002 to Avery Dennison.

RVL GROUP (CEO/Owner) 2002- Present Holding company for various investments.

Minority Shareholder in Primaris Airlines 2003- 2005

Owner of Elite Aviation LLC (part 135) 2002-2008

Minority Shareholder in Peritus Asset Management 2010-Present

Majority Shareholder in Elite Airways LLC 2006- Present

Questionnaire

Name and address: lRoberril: Vincent lyle ~rr

Position and responsibility at Elite (include dates held): Manager ltilf ILl«: ;wor#' tto wrrreB'ilil:

Citizenship: lUSA

Citizenship: USA

:iL. Have you ever held a position as officer, director, a 10% of more share of voting stock, or other interest in any air carrier, common carrier, or persons substantially engaged in the business of aeronautics or whose principal business is the holding of stock in or control of any air carrier, common carrier, or a person substantially engaged in the

aeronautics business? If so, please state the positions and/or ownership interest you held or hold and the names of the business and persons. Elite AirwaJys ILILC :lUOlO% ltilWB'il®ll"ship i!'ilterest since irru.:eptimil in 2007 unl:il 2013. llransferred 2!li% il:ltil Don tfll<a~B'il~®\f

ilruslt amd :iL!li% t'cltil JJWP Gmup ILLC. Sltille owner ltilf Elite Aviation, lliC l?arrtt :iL3!li ltilpera:~il:ltilrr.

A<eqll.!lired iri'il 2.0())2. Sltilld in 200ft Minmity Stock Holder in Primaris Air~ines;.

2.. If you are related by blood or marriage to any key personnel or a person holding a substantial interest, please state that relationship. Mv son !R@bert R.v!e m is IE~e<eulti\9e

Vice Pll'esiderrilt

3. Please list all actions and outstanding judgments of more than $5,000 against you or

any person you represent and the amount of each such judgment, the party to whom it is payable and how long it has been outstanding. NONE

4. Please the list the number of actions and outstanding judgments of less than $5,000 against you or any person you represent and the total amount owed on each such judgment. NONIE

5. Please list all pending investigations, enforcement actions or formal complaints filed by the Department of Transportation, including the FAA, involving you or any person you may represent, regarding compliance with the Federal Aviation Act or orders, rules

or regulations issued pursuant to the statute and any corrective actions taken. NONE

6. Please describe any charge of unfair, deceptive, or anticompetitive business practice or

of fraud, felony, or antitrust violations brought against you or any person you

represent, in the past 10 (ten) years. The description should include all dispositions

and the current status of each such proceeding. NONIE

7. Please describe any aircraft accident or incident experience by you or any person you

represent, which occurred during the previous year preceding the date of the

application or at any time in the past which remains under investigation by the FAA,

NTSB or by any other entity. Include the date of the occurrence, the type of flight, the

number of passengers and crew on board and an enumeration of injuries and

fatalities, and describe the damage to the aircraft. Provide FAA and NTSB file numbers

and the status of any investigation, including enforcement actions initiated against the

carrier or you. Also describe any actions taken to prevent the recurrence of similar

events. NONIE

Experience Summary:

Pilot Ratings:

John Pearsall CEO-President

Elite Airways, LLC

More than 30 years aviation international and domestic experience with FAA Part 135 charter/FBO operations and FAA Part 121 Airline operations. Extensive knowledge of the Part 121/135 Certification process, including all requirements of the FAA job and aids associated with certification; ETOPS; FBO Operations; and aircraft procurement. Experienced in the areas of cost analysis, site plan, and bid and contract submission surrounding the development of a new FBO. He has coordinated with local government officials for approvals and worked successfully with community groups to gain plan approvals. His previous experience includes starting a Part 121 Flag Air Carrier from the ground up including and, significantly, spearheading the certification of the airlines in record time, nine months from formal application to certificate award under FAA CSET rules. In this capacity, he also developed and managed an annual budget in excess of $15 million. During this period he negotiated contracts and lines of credit, establishing excellent relationships with financial, insurance, and leasing institutions. Additionally, he was responsible for hiring all key personnel, which grew to a staff of 85; establishing policies and procedures; and negotiating aircraft service and support contracts. Prior to this, he played an instrumental role in the inception of a Part 121 new entrant airline through certification and subsequently authored all flight operations procedures/ publications. He served as FAA liaison during and after the certification process, with the FAA Flight Standards District Office and the FAA Certification Standards Evaluation Team, and served as liaison with the FAA principle operations inspector. An experienced commercial and private pilot, he has authored and implemented training programs, performed flight test and aircraft acceptance flights, line checks, and served as company representative for aircraft acceptance at various times throughout his career with Boeing and Airbus.

Boeing 757/767, Gulfstream II, Ill, IV, Falcon 20 Airline Transport Pilot, Commercial SEL & Sea

Resume Continued for John Pearsall

Flight Experience:

Work Experience:

19,800 Total Flight Hours Accident/Incidents: None 15,000 PIC Turbine 5000 PIC- Boeing 757

February 2006 - Present Elite Airways, LLC 208 ForeSt Portland, Maine 04101 CEO-President-FAA Director Operations Part 121 operation (Elite Airways, LLC) - On demand airline charter with five CRJ-200 aircraft

July 2005- February 2006 RVL Group LLC 4607 Lakeview Canyon Dr Westlake Village, CA 91361 Consultant to Part 121 Air Carriers, Part 135 Charter and FBO's.

November 2002 -June 2005 Primaris Airlines Las Vegas, Nevada President- December 2002- July 2005 Chief Operating Officer- December 2002- July 2005 FAA Director of Operations November 2002- July 2005 Check Airman - March 2003- July 2005 Line Captain - March 2003- July 2005 International/Domestic Commercial Airline 2 Boeing 757 aircraft

October 1998 - November 2002 National Airlines Las Vegas, Nevada Asst Director Operations- October 1998- November 2002 Check Airman- October 1998- November 2002 Line Captain- October 1998- November 2002 Domestic Commercial Airline, 18 Boeing 757 aircraft

1997-1998 America West Airlines Phoenix, AZ 757 Flight Training Instructor Domestic Major Commercial Airline

Resume Continued for John Pearsall

Professional

1976-1997 Lockheed Aircraft International, Mobil Oil Corporation, Saudia, Jet Aviation, Sultan of Brunei, Fireman's Fund Insurance Project Engineer- August 1976- August 1979 Director of Operations- August 1981 -August 1990 Chief Pilot- September 1979- August 1981 Captain Gulfstream II, Ill, IV, Falcon 20, Boeing 757 - August 1978- present

Memberships: Aircraft Owners & Pilots Association Seaplane Pilots Association

Awards Received: FAA Wings Award

Education: Monmouth University Major: Electronic Engineering

Questionnaire

Name and address: John Pearsall

Position and responsibility at Elite (include dates held): CEO-President-FAA Director of

Operations February 2006- Present

Citizenship: USA

Education: Monmouth University Electronic Engineering

Citizenship:

1. Have you ever held a position as officer, director, a 10% of more share of voting stock,

or other interest in any air carrier, common carrier, or persons substantially engaged in

the business of aeronautics or whose principal business is the holding of stock in or

control of any air carrier, common carrier, or a person substantially engaged in the

aeronautics business? If so, please state the positions and/or ownership interest you

held or hold and the names of the business and persons. President -coo Primaris

Airlines 15%, Sole Owner JWP Group LLC which is 15% Owner of Elite Airways LLC

2. If you are related by blood or marriage to any key personnel or a person holding a

substantial interest, please state that relationship. None

3. Please list all actions and outstanding judgments of more than $5,000 against you or

any person you represent and the amount of each such judgment, the party to whom

it is payable and how long it has been outstanding. None

4. Please the list the number of actions and outstanding judgments of less than $5,000

against you or any person you represent and the total amount owed on each such

judgment. None

5. Please list all pending investigations, enforcement actions or formal complaints filed

by the Department of Transportation, including the FAA, involving you or any person

you may represent, regarding compliance with the Federal Aviation Act or orders, rules

or regulations issued pursuant to the statute and any corrective actions taken. None

6. Please describe any charge of unfair, deceptive, or anticompetitive business practice or of fraud, felony, or antitrust violations brought against you or any person you represent, in the past 10 (ten) years. The description should include all dispositions and the current status of each such proceeding. None

7. Please describe any aircraft accident or incident experience by you or any person you represent, which occurred during the previous year preceding the date of the application or at any time in the past which remains under investigation by the FAA, NTSB or by any other entity. Include the date of the occurrence, the type of flight, the number of passengers and crew on board and an enumeration of injuries and fatalities, and describe the damage to the aircraft. Provide FAA and NTSB file numbers and the status of any investigation, including enforcement actions initiated against the carrier or you. Also describe any actions taken to prevent the recurrence of similar events. None

Peter Sorensen 4 Briggs Island Cove Windham, ME 04062

Cell 207-632-1074 Email: [email protected]

Airframe and Powerplant Certificate: 2327986 Private Pilot Certificate: 2336527

Aircraft Maintenance Work Summary

Airframe and Powerplant license: 32+ years Director of Maintenance experience: 10+ years Maintenance experience as an inspector for aircraft, 10 or more passenger seats: S+years Line Maintenance Experience on CRJ 100/200: 12+years 121 Maintenance Controller: 17+ months Director of Quality Control: 4+ months

Aircraft Maintenance Work History

Director of Quality Control (part 121) Elite Airways

Maintenance Controller (part 121) Employer: Elite Airways

208 Fore Street Portland Maine 04101

10/1114- Present

9/2013 - Present

Duties: Provide technical and logistical support to Maintenance and Flight Crews

for active aircraft, maintenance discrepancies, MELICDL and deferred maintenance items to determine proper and timely corrective action. Coordinate with Maintenance, Flight Control, Parts, and Quality Control to provide current and continuing follow up to ensure prompt performance of scheduled and unscheduled maintenance. Coordinate and monitor aircraft ferry flights. Coordinate recovery efforts of aircraft grounded at outstations. Maintain continuous liaison with Flight Control while providing current and continuous reports of the general technical status of Company aircraft. Part of the Conformity team for new aircraft that are inducted in to the fleet.

FBO Mechanic I Line (part-time) 4/2012-9/2013

Employer: Downeast Air 19 Airport Road Owl's Head, Maine 04854

Duties: Light aircraft maintenance for business jets and piston aircraft, maintenance on ground equipment and fueling aircraft and other line work

Director of Maintenance Part 91 Employer: Hawker Acquisitions, LLC

19 Airport Road Owl's Head, Maine 04854

Overview: Aircraft: 3 Hawker 4000

12/2012- 7/2013

Trained by and worked with Hawker factory technicians Experience with LAN System, brake heat issues, potable water system problems,

boost pump UFI's, Wi-Fi systems, fuel degrades and servicing of aircraft systems Proficient with navigational, chart and engine data downloads

Director of Maintenance Part 135 and 91 3/2010- 4/2013 Employer: MBS Aviation I Private Jet Charters

19 Airport Road

Overview: Aircraft: Duties 135:

Duties 91:

Owl's Head, Maine 04854

Astra 1125 SPX (GlOO), Pilatus PC-12 Performing maintenance on the Astra SPX and managing maintenance while aircraft

was in other facilities for work Insuring FAA compliance of maintenance items Writing and updating MEL, NEF, AAIP and RVSM Manuals Working closely with the Director of Operations I Chief Pilot as a team member in

auditing the operational side to insure compliance with regulations Performing maintenance on the PC-12 and managing maintenance while the aircraft

was in other facilities for work Insuring FAA compliance of maintenance items Writing and updating MEL and NEF Manuals

Director of Maintenance Part 135 8/2003 - 7/2010 Employer: Charter Ops

Overview: Aircraft:

Duties 135:

Duties 121:

1011 Westbrook Street Portland, Maine 04102 (contracted out from Northeast Airmotive)

10 passenger or more--Gulfstream II 9 passenger or less--Lear 60 and 35A, Hawker 800XP, Hawker 800, Hawker 700, Hawker 1A, Beechjet 400A, and Citation II

Managing maintenance on aircraft while they were in facilities for work Insuring FAA compliance of maintenance items Writing RVSM Maintenance Manuals Writing and updating MEL's, NEF's, AAIP's, General Operations Manual and

General Maintenance Manual Working closely with the Director of Operations and Chief Pilot as a team member in

auditing operational side to insure compliance with regulations Perform on-call line maintenance on all major airlines at PWM for Beech 1900,

CRJ 200,700, and 900, ERJ 145, Dash 8 and Q400, Saab 145, DC9, MD88, Boeing 727, 737, and 717, Airbus 319, Embraer 170, 175, and 190

Mechanic I Inspector 1/1998 - 8/2003

Employer: Northeast Airmotive

Overview: Aircraft:

Engines: Duties:

Duties 121:

1011 Westbrook Street Portland, Maine 04102

Cessna, Mooney, Maule, Beech, Piper, Cessna Citation, Aero Commander, Hawker

and Beechjet Lycoming, Continental, Pratt & Whitney and Garrett 100 hr and annual inspections, minor sheet metal repair, avionics installations

8/2002- 9/2003--Functioning Assistant to the Charter Ops DOM for 6 to 8 charter

aircraft ranging from a Cessna Citation to Gil's On-call maintenance for all the major airlines at PWM -- Beech 1900, CRJ 200, 700,

and 900, ERJ 145, Dash 8 and Q400, Saab 145, DC9, MD88, Boeing 727,737, and

717, Airbus 319, Embraer 170, 175, and 190

Director of Maintenance--Foreign Part 135 type company (Indonesia) 111990- 12/1997

Employer: Mission Aviation Fellowship East Kalimantan, Indonesia

Overview: Aircraft: Engines: Duties:

(P.O. Box 47, Nampa, ID 83653)

7 to 9 Single Engine Cessna 206 and 185 Aircraft Continental 10-520, TSIO 520 and 10 550 Maintenance Management of aircraft on three East Kalimantan based operations

Direct supervision and training of both U.S. and national mechanics Responsible for upkeep of $250,000 parts inventory 50 hr, 100 hr, progressive and annual inspections Major and minor sheet metal repair, major and minor alterations, avionics

installations, and component overhauls

A & P Mechanic 9/1984 - 3/1987

Employer: Mission Aviation Fellowship

Overview: Aircraft: Engines: Duties:

Redlands, California (former Support Center) (P.O. Box 47, Nampa ID 83653)

Cessna, Mooney, Beech, Beech 50 and DC3 Lycoming, Continental and Pratt & Whitney radial engine 50 hr, 100 hr and annual inspections, major and minor sheet metal repair, major and

minor alterations, avionics installations and component overhaul

Factory Schools Cessna High Performance Single Engine, Wichita, KS -- 1986

Flight Safety -- Cessna Caravan, Wichita, KS --1993

Questionnaire

Name and address: Peter Sorensen, 4 Briggs Island Cove, Windham Maine 04062

Position and responsibility at Elite (include dates held):

Director of Quality Control (part 121) 10/14- Present

Maintenance Controller (part 121) 9/2013- Present

Citizenship: USA

Education: Bachelor of Science in Mission Aviation Technology

Citizenship:

1. Have you ever held a position as officer, director, a 10% of more share of voting stock,

or other interest in any air carrier, common carrier, or persons substantially engaged in

the business of aeronautics or whose principal business is the holding of stock in or

control of any air carrier, common carrier, or a person substantially engaged in the

aeronautics business? If so, please state the positions and/or ownership interest you

held or hold and the names of the business and persons.

None

2. If you are related by blood or marriage to any key personnel or a person holding a

substantial interest, please state that relationship.

None

3. Please list all actions and outstanding judgments of more than $5,000 against you or

any person you represent and the amount of each such judgment, the party to whom

it is payable and how long it has been outstanding.

None

4. Please the list the number of actions and outstanding judgments of less than $5,000

against you or any person you represent and the total amount owed on each such

judgment.

None

5. Please list all pending investigations, enforcement actions or formal complaints filed

by the Department of Transportation, including the FAA, involving you or any person

you may represent, regarding compliance with the Federal Aviation Act or orders, rules

or regulations issued pursuant to the statute and any corrective actions taken.

None

6. Please describe any charge of unfair, deceptive, or anticompetitive business practice or of fraud, felony, or antitrust violations brought against you or any person you represent, in the past 10 {ten) years. The description should include all dispositions and the current status of each such proceeding.

None

7. Please describe any aircraft accident or incident experience by you or any person you represent, which occurred during the previous year preceding the date of the application or at any time in the past which remains under investigation by the FAA, NTSB or by any other entity. Include the date of the occurrence, the type of flight, the number of passengers and crew on board and an enumeration of injuries and fatalities, and describe the damage to the aircraft. Provide FAA and NTSB file numbers and the status of any investigation, including enforcement actions initiated against the carrier or you. Also describe any actions taken to prevent the recurrence of similar events.

None

Eric Wilson

90 Rabbit Valley Rd

Oxford, ME 04270

(207) 321-9466

[email protected]

Objective

Profile

Education

To obtain a Management position in your company with opportunities to further my career

by position advancement, and help ensure the future of our company.

• Twenty-three years over all maintenance experience, with fourteen years aircraft maintenance, in

line and hangar environments.

• Twenty Three Months as Director of Maintenance/Maintenance Control

• Five years Supervision of Heavy Maintenance

• Fourteen years Airframe and Power-Plant Mechanic performing Line and Heavy Maintenance

A.S., Aircraft Maintenance Technology, Embry Riddle Aeronautical University. Graduated

April, 2000 Aircraft Type Course, AME-M Canadair Regional Jet CRJ 100/200

Aircraft Type Course, AME-M Canadair Regional Jet CRJ 700/900

Diploma, Automotive Maintenance Technology, Lake Region Vocational School

Relevant Experience & Accomplishments

Accreditations/ Licenses

o Airframe and Power plant license, Original Issue June 2000. License Number 2628493

• State of Maine Automotive Inspection License, May 1996.

• Trainer on proper engine run and taxi procedures for ATR 72, CRJ 200, and CRJ 700.

• Certified inspector for required inspection items on ATR 72, CRJ 200, and CRJ 700.

o Trained in OSHA approved Lockout & Tagout procedures.

• Flight Safety Principles of Troubleshooting Course.

• Factory trained and company instructor for Prop Balance System 2100.

• Pratt & Whitney Line Maintenance PW121A/123/124/125/126/127.

• CAT II Lower Level Minima and Reduced Vertical Separation Qualified .

• CRJ200, CRJ700, EMB120 and ATR72 A/P Familiarization Courses.

• A TR 72 Avionics Course.

• ADC Pitot/Static Qualified.

• CRJ 200 Air conditioning Troubleshooting Course.

• NA V 402AP-3 Tester Qualified.

• Suspected Unapproved Parts Training.

• Atlanta Airport Aircraft Taxi 101 course.

Management/Supervision

• Director of Maintenance Elite Airways 121 Supplemental Airline

• Setup and maintained Cincinnati outstation maintenance program.

• Design and maintain flex shaft modification back shop in ASA Atlanta Hangar.

• ASA On-site Heavy Maintenance Rep ATR 72, CRJ 200,700 and 900 C-Checks.

Questionnaire

Name and address: Eric Wilson 90 Rabbit Valley Rd Oxford ME 04270

Position and responsibility at Elite (include dates held): Maintenance Control - March 13,2013

to May 7, 2013; Director of Maintenance- May 8, 2013 to Present

Citizenship: United States

Education: Associates in Aircraft Maintenance Technology

Citizenship: United States

1. Have you ever held a position as officer, director, a 10% of more share of voting stock,

or other interest in any air carrier, common carrier, or persons substantially engaged in

the business of aeronautics or whose principal business is the holding of stock in or

control of any air carrier, common carrier, or a person substantially engaged in the

aeronautics business? If so, please state the positions and/or ownership interest you

held or hold and the names of the business and persons. No

2. If you are related by blood or marriage to any key personnel or a person holding a

substantial interest, please state that relationship. No

3. Please list all actions and outstanding judgments of more than $5,000 against you or

any person you represent and the amount of each such judgment, the party to whom

it is payable and how long it has been outstanding. None

4. Please the list the number of actions and outstanding judgments of less than $5,000

against you or any person you represent and the total amount owed on each such

judgment. None

5. Please list all pending investigations, enforcement actions or formal complaints filed

by the Department of Transportation, including the FAA, involving you or any person

you may represent, regarding compliance with the Federal Aviation Act or orders, rules

or regulations issued pursuant to the statute and any corrective actions taken. None

6. Please describe any charge of unfair, deceptive, or anticompetitive business practice or

of fraud, felony, or antitrust violations brought against you or any person you represent, in the past 10 (ten) years. The description should include all dispositions and the current status of each such proceeding. None

7. Please describe any aircraft accident or incident experience by you or any person you represent, which occurred during the previous year preceding the date of the application or at any time in the past which remains under investigation by the FAA, NTSB or by any other entity. Include the date of the occurrence, the type of flight, the number of passengers and crew on board and an enumeration of injuries and fatalities, and describe the damage to the aircraft. Provide FAA and NTSB file numbers and the status of any investigation, including enforcement actions initiated against the carrier or you. Also describe any actions taken to prevent the recurrence of similar events. None

Elite Airways: Application for Certificate of Public Convenience and Necessity

Exhibit 7 Statement of Qualification of Key Technical Personnel

208 ForeSt Portland, Maine 04101

Tel (207)·842·6400 Fax 207-221-1578

Department of Transportation

Washington D.C.

9 March 2015

The following Elite Airways personnel holding the positions indicated, meet all requirements for their positions as set forth in 14CFR 119.65 and 119.67 of the Federal Aviation Regulations and have

been accepted by the Federal Aviation Administration.

John W Pearsall Director of Operations

Shawn D Actis Chief Pilot

Eric T Wilson Director of Maintenance

Peter K Sorensen Chieflnspector

joseph J Battistelli Director of Safety

;;·?VUJ John W Pearsall

President

Elite Airways: Application for Certificate of Public Convenience and Necessity

Exhibit 8 Financial Statements, 2012-2015

Income

4000 Charter Income

Elite Airways, LLC Profit and Loss

January - February, 2015

4010 Charter Income- Elite Aircraft

4011 Aircraft

4013 Scheduled Flights Income

Total 4010 Charter Income- Elite Aircraft

4100 Other Charter Inc- EA Aircraft

4120 Airport FBO Handling Fees

4126 Deicing

4135 Catering

4160 International Fees

Total 4100 Other Charter Inc- EA Aircraft

4200 Fuel

4202 Fuel Cost Over Base Reimbursement

Total 4200 Fuel

Total 4000 Charter Income

4700 Other Income

4720 FET Credits

Total 4700 Other Income

Total Income

Cost of Goods Sold

5000 Charter Expenses

5010 Aircraft Lease- N97EA

5100 Other Trip Expense- EA Aircraft

5120 Airport FBO Handling Fees

5125 FBO Handling Fees- Scheduled Flights

5126 Deicing

5135 Aircraft Stock

5136 Catering

5150 Flight Crew Airfare

5160 International Fees

5165 Landing Fees

5170 Overnight Fees

5172 Per Diem/Meals

5174 Hotels

5176 Transportation

5178 Tips

Total 5170 Overnight Fees

5180 Training

5181 Flightcrew Training

5182 Hotel

5183 Transportation

5184 Meals

5185 Training Materials

5186 Airfare

Total 5180 Training

Total

6,426,427.63

71,067.80

$ 6,497,495.43

17,092.97

79,407.35

51,738.07

2,053.37

$ 150,291.76

34,959.75

$ 34,959.75

$ 6,682,746.94

42,183.20

$ 42,183.20

$ 6,724,930.14

110,000.00

416,264.59

55,171.47

93,930.40

10,876.70

44,474.81

65,463.61

4,198.85

49,016.43

18,297.56

114,898.97

10,639.08

9.00

$ 143,844.61

31 '107.52

8,440.87

542.74

318.68

353.50

25.00

$ 40,788.31

5190 Crew Meals On Road 2,142.61 5200 Fuel

5201 Fuel 1 ,432,329.90

5203 Fuel-Scheduled Flights 40,283.89 Total 5200 Fuel $ 1 ,472,613. 79

Total 5100 Other Trip Expense- EA Aircraft $ 2,398, 786.18 5305 Crew Service Exp - CA 197.25

5310 Crew Service Exp - PIC, SIC 10.99 Total 5000 Charter Expenses $ 2,508,994.42 5500 Managed Aircraft Expenses

5530 Hangar Expense 1,702.00

Total 5500 Managed Aircraft Expenses $ 1,702.00 5575 Aircraft Maintenance Software 5,500.00 5600 Aircraft Maintenance Reserve

5610 Aircraft Maintenance Reserve- N97EA 107,707.71

5611 Aircraft Maintenance Reserve-Owned Planes 313,930.00 Total 5600 Aircraft Maintenance Reserve $ 421,637.71 5650 Aircraft Maintenance

5651 Aircraft Maint- Elite Aircraft 15,131.82

5652 Aircraft Maint- N97EA 25,684.20 Total 5650 Aircraft Maintenance $ 40,816.02 5660 Subscriptions & Publications 3,887.46 5700 Cost of labor

5711 Payroll - #200 Flight Crew- N97EA 12,416.66

5712 Payroll Taxes- #200 Flight Crew- N97EA 1,514.26 5713 Payroll- #201 Fit. Crew- Captain 169,583.37

5714 Payroll Taxes- #201 Fit. Crew- Captain 16,887.94

5715 Payroll- #202 Fit. Crew- First Officer 36,038.86

5716 Payroll Taxes- #202 Fit. Crew- First Officer 3,660.93

5717 Payroll - #203 Fit. Crew- Flight Attnd. - Full Time 44,225.13

5718 Payroll Taxes- #203 Fit. Crew- Flight Attnd.- Full Time 4,795.37

5719 Payroll- #204 Fit. Crew- Flight Attnd.- On Call 13,100.00

5720 Payroll Taxes- #204 Fit. Crew- Flight Attnd. - On Call 1,411.33

5721 Health Insurance 34,595.94

5722 Dental Insurance 1,601.93

5723 Vision Insurance 306.41

5725 Garnishment 0.00

Total 5700 Cost of labor $ 340,138.13 5800insurance Expense

5820 Aircraft Liability Ins. 119,324.66

5830 Workers Comp. Ins. 7,041.93

Total 5800 Insurance Expense $ 126,366.59

Total Cost of Goods Sold $ 3,449,042.33

Gross Profit $ 3,275,887.81

Expenses

6100 Aircraft Supplies

6104 Maintenance Supplies 7,282.01

Total 6100 Aircraft Supplies $ 7,282.01

6120 Bank Service Charges

6124 Bank Charges 645.25

6126 Credit Card Fees 465.00

6127 Finance Fees 311.12

Total 6120 Bank Service Charges $ 1,421.37 6130 Computer Software 1,391.07 6150 Company Plane 13,951.35 6170 Dues and Subscriptions 4,493.56 6180 Fees & Licensing 4,529.21 6190 Flight Communications 9,445.45 6195 Flight Planning 7,009.00 6200 HR/Recruiting

6202 Recruiting 596.00 6204 Background Checks 2,637.50 6206 HR Expenses 2,688.61

Total 6200 HR/Recruiting $ 5,922.11 6300 Marketing 2,805.00 6600 Insurance

6650 Workers Compensation 1,037.35 Total 6600 Insurance $ 1,037.35 6700 Interest Expense

6720 HFC- Loan Interest 120,525.22 Total 6700 Interest Expense $ 120,525.22 6800 IT Expenses 202.50 6900 Office Supplies 8,065.28 691 0 Office Expense 5,647.78 6945 Office Equipment. 1,672.03 6950 Office Equipment- Rental 1,575.04 6980 Outside Service Expense 19.99 6990 Bad Debt Expense 10,000.00 7000 Payroll Expenses

7010 Payroll- #100 Admin. 180,415.15 7015 Bonus 17,000.00 7020 Payroll - #300 Maintenance 90,823.62 7030 Payroll - #400 Dispatch 44,788.29 7040 Payroll Taxes- #100 Admin. 18,599.92 7050 Payroll Taxes - #300 Maintenance 9,983.60 7060 Payroll Taxes - #400 Dispatch 5,815.84 7061 Health Insurance 30,297.04 7062 Dental Insurance 1,484.84 7063 Vision Insurance 277.04 7094 Payroll Fees 874.33

Total 7000 Payroll Expenses $ 400,359.67 7370 Postage and Delivery 10,608.67 7480 Printing and Reproduction 1,510.15 7500 Professional Fees

7510 Accounting 16,677.90 7520 Consulting 6,666.66 7540 Legal Fees 3,333.34

Total 7500 Professional Fees $ 26,677.90 7610 Rent- Office space 20,969.63

7612 Office Parking/Melbourne Airport Parking Employees 600.00 Total 7610 Rent- Office space $ 21,569.63 7620 Rent- Residential Housing 2,400.00 7750 Telephone

7755 Cell Phones 3,150.39

7760 Conf. Call Services 217.36

7762 Data Plans 403.54

7770 Office Phones 515.94

Total 7750 Telephone $ 4,287.23 7850 Travel & Entertainment

7855 Airfare 24,936.10 7860 Entertainment 446.35

7865 Hotels 4,724.21

7870 Meals 4,990.99 7880 Transportation 171.44

7882 Fuel 3,910.58

7885 Rental Car 367.49

7887 Taxis/Tolls 915.61

Total 7880 Transportation $ 5,365.12

Total 7850 Travel & Entertainment $ 40,462.77

7950 Utilities

7955 Gas and Electric 1,471.14

7965 Cable 252.99

7970 Internet connection 3,833.75

Total 7950 Utilities $ 5,557.88

7999 Suspense 0.00

Total Expenses $ 720,429.22 Net Operating Income $ 2,555,458.59

Other Expenses

801 0 Other Expenses

8015 Management Fee-RVL Group, LLC. 105,000.00

8025 Depreciation 167,292.14

Total 8010 Other Expenses $ 272,292.14 Total Other Expenses $ 272,292.14

Net Other Income -$ 272,292.14

Net Income $ 2,283,166.45

Friday, Apr 03, 2015 03:13:14 PM PDT GMT-7- Accrual Basis

Income

4000 Charter Income

4010 Charter Income- Elite Aircraft 4011 Aircraft

4012 Aircraft- ACMI

4013 Scheduled Flights Income

Elite Airways, LLC Profit and Loss

January- December 2014

Total 4010 Charter Income - Elite Aircraft 4100 Other Charter Inc- EA Aircraft

4115 Aircraft Prep

4120 Airport FBO Handling Fees 4135 Catering 4165 Landing Fees

Total 4100 Other Charter Inc- EA Aircraft 4200 Fuel

4201 Fuel

4202 Fuel Cost Over Base Reimbursement Total 4200 Fuel

4370 Postage and Delivery Total 4000 Charter Income 4700 Other Income

4720 FET Credits

Total 4700 Other Income Total Income

Cost of Goods Sold

5000 Charter Expenses

5010 Aircraft Lease - N97EA 5030 Charter Expense - Broker 5100 Other Trip Expense - EA Aircraft

5110 Airline Tickets

5120 Airport FBO Handling Fees 5125 FBO Handling Fees- Scheduled Flights 5135 Aircraft Stock 5136 Catering

5137 Catering- Scheduled Flights 5150 Flight Crew Airfare 5155 Passenger Facility Charge 5160 International Fees

5165 Landing Fees

5170 Overnight Fees

5172 Per Diem/Meals

5174 Hotels

5176 Transportation

5178 Tips

Total 5170 Overnight Fees 5180 Training

5181 Flightcrew Training

Total

10,405,372.22

853,775.00

463,295.90

$ 11,722,443.12

0.00

59,919.23 12,271.06

679.98

$ 72,870.27

36,765.12

195,304.00

$ 232,069.12

6,404.13

$ 12,033,786.64

31,556.27

$ 31,556.27

$ 12,065,342.91

660,000.00

1,433.50

316.96

658,262.36

96,707.50

22,898.73

37,942.21

364.99

235,493.98

162.43

5,298.41

67,104.94

575.00

74,442.37

243,833.24

26,482.14

50.00

$ 345,382.75

150,716.88

5182 Hotel 33,863.41 5183 Transportation 1,647.75 5184 Meals 1,270.06 5185 Training Materials 2,057.38 5186 Airfare 13,032.07

Total 5180 Training $ 202,587.55 5190 Crew Meals On Road 11,780.52 5200 Fuel

5201 Fuel 2,759,680.59 5202 Fuel Cost Over Base 179,194.65 5203 Fuel-Scheduled Flights 452,501.71

Total 5200 Fuel $ 3,391 ,376.95 Total 5100 Other Trip Expense- EA Aircraft $ 5,075,680.28 5305 Crew Service Exp - CA 2,681.32 5310 Crew Service Exp - PIC, SIC -1,357.32

Total 5000 Charter Expenses $ 5,738,437.78 5500 Managed Aircraft Expenses

5530 Hangar Expense 1,609.00 Total 5500 Managed Aircraft Expenses $ 1,609.00 5600 Aircraft Maintenance Reserve

5610 Aircraft Maintenance Reserve - N97EA 446,858.93 5611 Aircraft Maintenance Reserve-Owned Planes 548,420.00

Total 5600 Aircraft Maintenance Reserve $ 995,278.93 5650 Aircraft Maintenance 29,000.00

5651 Aircraft Maint- Elite Aircraft 40,865.15 5652 Aircraft Maint- N97EA 239,449.72

Total 5650 Aircraft Maintenance $ 309,314.87 5660 Subscriptions & Publications 19,359.53 5665 Flight Crew Uniforms 2,439.99 5700 Cost of labor

5711 Payroll - #200 Flight Crew- N97EA 1 '133,048.00 5712 Payroll Taxes- #200 Flight Crew- N97EA 99,018.91 5713 Payroll - #201 Fit. Crew - Captain 40,583.34 5714 Payroll Taxes- #201 Fit. Crew- Captain 3,035.58 5715 Payroll- #202 Fit. Crew- First Officer 11,541.68 5716 Payroll Taxes- #202 Fit. Crew- First Officer 979.77 5717 Payroll- #203 Fit. Crew- Flight Attnd.- Full Time 10,833.36 5718 Payroll Taxes- #203 Fit. Crew- Flight Attnd.- Full Time 929.65 5719 Payroll- #204 Fit. Crew- Flight Attnd.- On Call 1,700.00 5720 Payroll Taxes- #204 Fit. Crew- Flight Attnd. - On Call 240.90 5721 Health Insurance 109,985.58 5722 Dental Insurance 5,729.68 5723 Vision Insurance 1,231.48 5725 Garnishment 0.00

Total 5700 Cost of labor $ 1,418,857.93 5800insurance Expense

5820 Aircraft Liability Ins. 534,975.10

5830 Workers Comp. Ins. 53,028.95 Total 5800 Insurance Expense $ 588,004.05

Total Cost of Goods Sold $ 9,073,302.08 Gross Profit $ 2,992,040.83 Expenses

6100 Aircraft Supplies 6104 Maintenance Supplies 47,976.20 6105 Medical Supplies 4,142.26

Total 6100 Aircraft Supplies $ 52,118.46 6110 Automobile Expense 2,248.40 6120 Bank Service Charges 775.08

6124 Bank Charges 2,588.93 6125 CC Finance Charge 4,755.81 6126 Credit Card Fees 3,102.45 6127 Finance Fees 9,350.00

Total 6120 Bank Service Charges $ 20,572.27 6130 Computer Software 10,388.78 6135 Charitable Donations 5,210.00 6150 Company Plane 26,893.35 6170 Dues and Subscriptions 9,060.71 6180 Fees & Licensing 6,094.37 6182 FET Penalty & Interest -2,600.30 6190 Flight Communications 64,444.67 6195 Flight Planning 58,228.64 6200 HR/Recruiting 100.00

6202 Recruiting 16,783.00 6204 Background Checks 7,256.16 6206 HR Expenses 8,513.17

Total 6200 HR/Recruiting $ 32,652.33 6300 Marketing 0.00 66001nsurance

6610 Disability Insurance 116.10 6620 Bus. Property- Offices 471.00 6650 Workers Compensation 5,285.92

Total 6600 Insurance $ 5,873.02 6700 Interest Expense

6720 HFC- Loan Interest 796,137.40 6725 Late Fee 9,182.43

Total 6700 Interest Expense $ 805,319.83 6800 IT Expenses 1,811.25 6900 453.89 6900 Office Supplies 34,037.17 6910 Office Expense 18,455.72 6945 Office Equipment. 10,936.86 6950 Office Equipment - Rental 13,738.58 6980 Outside Service Expense 10,189.84 7000 Payroll Expenses

7010 Payroll- #100 Admin. 957,864.72 7020 Payroll - #300 Maintenance 437,731.22 7030 Payroll - #400 Dispatch 246,373.58 7040 Payroll Taxes - #1 00 Admin. 71,232.31 7050 Payroll Taxes - #300 Maintenance 37,896.69 7060 Payroll Taxes - #400 Dispatch 23,234.05 7061 Health Insurance 146,613.26 7062 Dental Insurance 7,561.15 7063 Vision Insurance 1,456.98 7065 Vacation Earned 1,156.63

7094 Payroll Fees 6,716.10 Total 7000 Payroll Expenses $ 1,937,836.69 7370 Postage and Delivery 62,097.68 7480 Printing and Reproduction 11,243.41 7500 Professional Fees

7510 Accounting 179,348.41 7520 Consulting 52,000.00 7540 Legal Fees 66,485.55

Total 7500 Professional Fees $ 297,833.96 7610 Rent- Office space 120,196.85

7612 Office Parking/Melbourne Airport Parking Employees 400.00 Total 7610 Rent- Office space $ 120,596.85 7620 Rent - Residential Housing 14,400.00 7630 Maintenance 1,807.55 7650 Repairs

7655 Building Repairs 195.04 Total 7650 Repairs $ 195.04 7680 Training

7685 Seminars 489.50 7686 Travel 266.00

Total 7680 Training $ 755.50 7700 Taxes

7740 State 15,420.24 7741 Penalty & Interest 176.03

Total 7740 State $ 15,596.27 Total 7700 Taxes $ 15,596.27 7750 Telephone

7755 Cell Phones 15,760.34 7760 Conf. Call Services 888.36 7762 Data Plans 2,729.16 7770 Office Phones 3,032.50

Total 7750 Telephone $ 22,410.36 7850 Travel & Entertainment 3,508.50

7855 Airfare 71,873.03 7860 Entertainment 6,558.06 7865 Hotels 37,276.98 7870 Meals 23,458.29 7880 Transportation 3,199.79

7882 Fuel 19,801.65 7885 Rental Car 6,532.67 7886 Parking Expenses 796.18 7887 Taxis/Tolls 1,804.47

Total 7880 Transportation $ 32,134.76 Total 7850 Travel & Entertainment $ 174,809.62 7950 Utilities

7955 Gas and Electric 7,659.45 7970 Internet connection 22,399.17

Total 7950 Utilities $ 30,058.62

7999 Suspense 0.00 Total Expenses $ 3,875,769.39 Net Operating Income -$ 883,728.56 Other Expenses

8010 Other Expenses

8015 Management Fee-RVL Group, LLC.

8025 Depreciation

Total 8010 Other Expenses

Total Other Expenses

Net Other Income

Net Income

Friday, Apr 03,2015 03:17:50 PM PDT GMT-7- Accrual Basis

45,000.00

577,194.96

$ 622,194.96

$ 622,194.96

-$ 622,194.96

-$ 1,505,923.52

Income

4000 Charter Income

4010 Charter Income- Elite Aircraft 4011 Aircraft

Total4010 Charter Income- Elite Aircraft 4100 Other Charter Inc- EA Aircraft

4120 Airport FBO Handling Fees 4135 Catering

4136 Aircraft Stock

4165 Landing Fees

Total 4100 Other Charter Inc- EA Aircraft 4200 Fuel

4202 Fuel Cost Over Base Reimbursement Total 4200 Fuel

Total 4000 Charter Income 4700 Other Income

4720 FET Credits

4752 Ticketing Software Total 4700 Other Income

Total Income

Cost of Goods Sold 5000 Charter Expenses

5010 Aircraft Lease- N97EA 5100 Other Trip Expense - EA Aircraft

5110 Airline Tickets 5115 Aircraft Prep

5120 Airport FBO Handling Fees 5135 Aircraft Stock 5136 Catering

5150 Flight Crew Airfare 5160 International Fees 5165 Landing Fees 5170 Overnight Fees

5172 Per Diem/Meals 5174 Hotels

5176 Transportation Total 5170 Overnight Fees 5180 Training

5181 Flightcrew Training 5182 Hotel

5183 Transportation

5184 Meals

5185 Training Materials 5186 Airfare

Total 5180 Training 5190 Crew Meals On Road

Elite Airways, LLC Profit and Loss

January- December 2013

Total

3,570,725.81

$ 3,570,725.81

1,575.00

57.73

0.00

300.00

$ 1,932.73

36,096.89

$ 36,096.89

$ 3,608,755.43

5,574.80

15,000.00

$ 20,574.80

$ 3,629,330.23

660,000.00

339.00

350.00

135,210.25

3,275.29

1,099.26

46,309.30

11,154.14

13,067.47

11.32

20,091.36

71,694.64

8,007.34

$ 99,804.66

58,343.01

62,025.47

1,987.92

3,252.03

2,899.24

26,834.69

$ 155,342.36

482.48

5195 Passports and Immunizations 1,210.00 5200 Fuel

5201 Fuel 931,288.65

5202 Fuel Cost Over Base 51,739.40 Total 5200 Fuel

$ 983,028.05 Total 5100 Other Trip Expense- EA Aircraft $ 1,450,672.26 5305 Crew Service Exp - CA

983.00 5310 Crew Service Exp - PIC, SIC 3,114.60

Total 5000 Charter Expenses $ 2, 114,769.86 5500 Managed Aircraft Expenses

5520 Aircraft Payroll Exp 2,532.30 5540 Maintenance Expense 11,061.88

Total 5500 Managed Aircraft Expenses $ 13,594.18 5600 Aircraft Maintenance Reserve

5610 Aircraft Maintenance Reserve- N97EA 434,522.52 Total 5600 Aircraft Maintenance Reserve $ 434,522.52 5650 Aircraft Maintenance 48,004.43

5651 Aircraft Maint- Elite Aircraft 28,893.92 5652 Aircraft Maint- N97EA 309,160.75

Total 5650 Aircraft Maintenance $ 386,059.10 5660 Subscriptions & Publications 10,790.94 5665 Flight Crew Uniforms 7,659.95 5700 Cost of labor

5711 Payroll - #200 Flight Crew - N97EA 593,848.61 5712 Payroll Taxes- #200 Flight Crew- N97EA 53,347.29 5721 Health Insurance 33,502.41 5722 Dental Insurance 2,270.19 5723 Vision Insurance 332.17

Total 5700 Cost of labor $ 683,300.67 5800insurance Expense

5820 Aircraft Liability Ins. 257,334.65 5830 Workers Comp. Ins. 20,023.14

Total 5800 Insurance Expense $ 277,357.79 Total Cost of Goods Sold $ 3,928,055.01 Gross Profit

-$ 298,724.78 Expenses

6100 Aircraft Supplies 744.95 6104 Maintenance Supplies 3,822.68 6105 Medical Supplies 4,874.89

Total 6100 Aircraft Supplies $ 9,442.52 6110 Automobile Expense 4,353.98 6120 Bank Service Charges 25.00

6124 Bank Charges 1,068.09

6125 CC Finance Charge 4,069.80 6126 Credit Card Fees 2,074.67 6127 Finance Fees

5,000.00 Total 6120 Bank Service Charges $ 12,237.56 6130 Computer Software 3,431.73 6135 Charitable Donations 345.64 6150 Company Plane 27,155.71 6170 Dues and Subscriptions 16,266.71 6175 Office Equip/Furniture Purchase (deleted) 3,528.84

6180 Fees & Licensing 2,850.29 6182 FET Penalty & Interest 813.86 6190 Flight Communications 21,021.09 6195 Flight Planning 44,282.24 6200 HR/Recruiting 165.00

6202 Recruiting 55,150.37 6204 Background Checks 7,502.00 6206 HR Expenses 24.95

Total 6200 HR/Recruiting $ 62,842.32 66001nsurance 1,733.00

6620 Bus. Property- Offices 842.41 6630 Auto 818.23 6650 Workers Compensation 9,765.49

Total 6600 Insurance $ 13,159.13 6700 Interest Expense

6710 Finance Charge 6.43 6720 HFC - Loan Interest 146,290.23

Total 6700 Interest Expense $ 146,296.66 6800 IT Expenses 14,190.31 6865 Loan Fees 37,735.00 6900 Office Supplies 56,963.69 6910 Office Expense 15,018.65 6945 Office Equipment. 14,294.54 6950 Office Equipment- Rental 5,146.09 6980 Outside Service Expense 13,093.42 7000 Payroll Expenses

7010 Payroll- #100 Admin. 560,657.19 7020 Payroll - #300 Maintenance 206,826.94 7030 Payroll - #400 Dispatch 170,913.11 7040 Payroll Taxes- #100 Admin. 52,833.22 7050 Payroll Taxes- #300 Maintenance 26,996.23 7060 Payroll Taxes - #400 Dispatch 18,683.23 7061 Health Insurance 43,026.20 7062 Dental Insurance 2,315.37 7063 Vision Insurance 622.97 7094 Payroll Fees 4,870.41

Total 7000 Payroll Expenses $ 1,087,744.87 7370 Postage and Delivery 37,272.36 7400 Payroll -Administrative

7430 Payroll Taxes. 0.00 Total 7400 Payroll -Administrative $ 0.00 7480 Printing and Reproduction 4,798.68 7490 Professional Development 74,041.66 7500 Professional Fees

7510 Accounting 96,230.60 7520 Consulting 16,000.00 7530 Dispatch Services 2,127.62 7540 Legal Fees 73,591.17

Total 7500 Professional Fees $ 187,949.39 7610 Rent- Office space 94,057.30

7612 Office Parking/Melbourne Airport Parking Employees 2,805.88 Total 7610 Rent - Office space $ 96,863.18

7620 Rent- Residential Housing 14,400.00 7630 Maintenance 3,230.62 7650 Repairs 8,852.56

7655 Building Repairs 7,573.41 Total 7650 Repairs $ 16,425.97 7680 Training

7685 Seminars 500.00 7686 Travel 3,003.31

Total 7680 Training $ 3,503.31 7700 Taxes

7740 State 1,600.00 Total 7700 Taxes $ 1,600.00 7750 Telephone 2,930.00

7755 Cell Phones 11,699.93 7762 Data Plans 1,684.16 7770 Office Phones 2,888.88

Total 7750 Telephone $ 19,202.97 7850 Travel & Entertainment 137.50

7855 Airfare 82,252.54 7860 Entertainment 5,660.60 7865 Hotels 36,030.44 7870 Meals 24,499.63 7880 Transportation

7882 Fuel 15,200.81 7885 Rental Car 7,509.58 7886 Parking Expenses 1,937.62 7887 Taxis{Tolls 2,220.50

Total 7880 Transportation $ 26,868.51 Total 7850 Travel & Entertainment $ 175,449.22 7895 Uniforms 1,955.29 7950 Utilities

7955 Gas and Electric 9,107.39 7965 Cable 640.00 7970 Internet connection 16,188.53

Total 7950 Utilities $ 25,935.92 Total Expenses $ 2,274,843.42 Net Operating Income -$ 2,573,568.20 Net Income -$ 2,573,568.20

Friday, Apr 03, 2015 03:19:29 PM PDT GMT-7- Accrual Basis

Income

4000 Charter Income

4010 Charter Income- Elite Aircraft Total 4000 Charter Income

Total Income

Cost of Goods Sold

5000 Charter Expenses

5010 Aircraft Lease- N97EA

5100 Other Trip Expense- EA Aircraft

5110 Airline Tickets

5136 Catering

5165 Landing Fees

Elite Airways, LLC Profit and Loss

January- December 2012

Total 5100 Other Trip Expense - EA Aircraft 5305 Crew Service Exp - CA 5310 Crew Service Exp- PIC, SIC

Total 5000 Charter Expenses

5600 Aircraft Maintenance Reserve 5650 Aircraft Maintenance 5700 Cost of labor

5710 Payroll

5730 Payroll Taxes

Total 5700 Cost of labor

5800insurance Expense 5820 Aircraft Liability Ins.

5830 Workers Comp. Ins.

Total 5800 Insurance Expense

Total Cost of Goods Sold

Gross Profit

Expenses

6120 Bank Service Charges 6126 Credit Card Fees

Total 6120 Bank Service Charges

6130 Computer Software

6170 Dues and Subscriptions 6180 Fees & Licensing

6600insurance

6650 Workers Compensation

Total 6600 Insurance

6800 IT Expenses

6880 Management Fees RVL Group 6900 Office Supplies

6950 Office Equipment- Rental

7000 Payroll Expenses

7094 Payroll Fees

Total 7000 Payroll Expenses

7370 Postage and Delivery

Total

351,504.00

$ 351,504.00

$ 351,504.00

110,000.00

50.00

17.73

41.36

$ 109.09

200.00

778.98

$ 111,088.07

72,919.20

17,395.72

159,199.76

9,677.39

$ 168,877.15

52,352.00

2,834.92

$ 55,186.92

$ 425,467.06

-$ 73,963.06

0.00

$ 0.00

271.23

59.50

450.00

2,158.88

0.00

$ 2,158.88

2,598.60

75,000.00

11 '132.22

10.00

0.00

214.79

$ 214.79

4,159.00

7400 Payroll -Administrative

7430 Payroll Taxes. 0.00 Total 7400 Payroll -Administrative $ 0.00 7480 Printing and Reproduction 0.00

7490 Professional Development 9,263.34

7500 Professional Fees 6,672.00 7530 Dispatch Services 9,121.94

Total 7500 Professional Fees $ 15,793.94 7610 Rent- Office space 1,735.00

7620 Rent- Residential Housing 4,135.00

7630 Maintenance 1,320.00

7750 Telephone 1,412.00 7755 Cell Phones 400.04

7765 Dispatch Phones 1,210.00

Total 7750 Telephone $ 3,022.04

7850 Travel & Entertainment 621.74

7855 Airfare 21,968.44

7865 Hotels 15,098.18

7870 Meals 5,050.03

7880 Transportation

7882 Fuel 968.31

7885 Rental Car 2,455.78

7886 Parking Expenses 127.00

Total 7880 Transportation $ 3,551.09

Total 7850 Travel & Entertainment $ 46,289.48

7950 Utilities

7955 Gas and Electric 400.46

7970 Internet connection 170.00

Total 7950 Utilities $ 570.46

Total Expenses $ 178,183.48

Net Operating Income -$ 252,146.54

Net Income -$ 252,146.54

Friday, Apr 03, 2015 03:21:30 PM PDT GMT-7- Accrual Basis

ASSETS

Current Assets

Bank Accounts

Elite Airways, LLC Balance Sheet

As of February 28, 2015

1000 Bank of America- 9414 (deleted) 1005 SBBT/UNION BANK- 3717

1006 Bank of America- 1265

1006 CNB-6931/EA (deleted)

Total Bank Accounts

Accounts Receivable

1100 Accounts Receivable

1105 Unbilled Receivable

1110 Accts Rec - Reserve for Bad Debt Total Accounts Receivable

Other current assets

1010 Petty Cash

1200 Contractual Receivables

1201 Contractual Receivables- Flown (deleted)

1202 Contractual Receivables- Monthly Estimate (deleted) 1203 Contractual Receivables Payments (deleted)

Total1200 Contractual Receivables 1265 11 EA- Maintenance

1270 Prepaid Expenses

1271 Aircraft Liability Ins.

1272 Captain's Training

1273 First Officer's Training

1274 Pilot Training

1275 Other

1276 Worker's Comp. Ins.

1277 Legal

1278 Fuel- Epic Aviation

1279 TSA Services

1280 AC Maintenance

Total1270 Prepaid Expenses

1281 Call Options

1285 Payroll Clearing

1395 Outside Services

1510 Loan Receivable

1520 Employee Advances/Manual Checks 1540 Due To/From RCBL

interbank transfers

Total Other current assets

Total Current Assets

Fixed Assets

1601 Aircraft- N96EA

Original Cost

Total 1601 Aircraft - N96EA

Total

0.00

0.00

984,542.37

0.00

$ 984,542.37

448,794.17

31 '141.36 -10,000.00

$ 469,935.53

3,772.72

0.00

0.00

0.00

$ 0.00

0.00

182,802.37

0.00

0.00

115,757.04

181,002.00

34,461.30

3,500.00

16,433.50

30,757.26

0.00

$ 564,713.47

0.00

13,470.16

0.00

0.00

0.00

0.00

0.00

$ 581,956.35

$ 2,036,434.25

2,807,479.66

$ 2,807,479.66

1602 Aircraft- N91 EA

Original Cost

Total 1602 Aircraft- N91 EA

1603 Aircraft • N92EA

Original Cost

Total 1603 Aircraft - N92EA

1604 Aircraft- N93EA

Original Cost

Total 1604 Aircraft- N93EA

1610 Office Equipment

1620 Software

1625 Software-Aircraft Maintenance

1650 Airplane Maintenance Tools & Equipment 1655 Furniture & Fixtures

1690 Accumulated Depreciation

Total Fixed Assets

Other Assets

1300 121 Certificate

Total 1300 121 Certificate

1750 Security Deposit (Paid)

Total Other Assets

TOTAL ASSETS

LIABILITIES AND EQUITY

Liabilities

Current Liabilities

Accounts Payable

2000 Accounts Payable

2010 Due to RVL

Total Accounts Payable

Credit Cards

2014 Capitol One

Total Credit Cards

Other Current Liabilities

2005 Accrued Expenses

2006 Accrued Expenses - Aircraft Fuel

2007 Accrued Expenses - Payroll

2015 Customer Deposits

2017 Sub-Service Credits

Total 2015 Customer Deposits

2020 Due to RVL Group

2025 HFC Acceptance, LLC Current Loan

2030 HFC Acceptance, LLC-Short Term Loan 2040 Due to/from Lyle

2045 Due to/from Elite Airways Tours LLC 2050 Reserve-Aircraft Maintenance 2051 Reserve-Aircraft Maintenance-Owned Planes 2100 Payroll Liabilities

2220 Direct Deposit Payable (deleted)

2230 *Direct Deposit Liabilities (deleted)

2310 Unearned Charter Income-Leased Aircraft (deleted) 2410 Accrued- Charter Income Lease (deleted) 2510 FET 7.5% Tax

2,661,117.14

$ 2,661,117.14

2, 756,7 40.92

$ 2,756,740.92

2,825,497.29

$ 2,825,497.29

60,888.21

24,835.04

164,787.75

50,554.00

1,882.01

-744,487.10

$ 10,609,294.92

3,97 4, 705.96

$ 3,974,705.96

131,688.88

$ 4,1 06,394.84

$ 16,752,124.01

1 ,656,492.47

0.00

$ 1 ,656,492.47

0.00

$ 0.00

4,671.63

36,047.85

8,500.00

1 '716,250.50

40,002.75

$ 1,756,253.25

0.00

1 ,21 0, 714.32

700,000.00

0.00

-400.00

1,061,748.36

148,243.60

0.00

0.00

0.00

0.00

0.00

121,585.82

2515 FET Domestic Segment Fees 10,564.00

2520 FET International Arrival/Departure 0.00

2527 FET- Fuel Tax Credits 87,439.12

2530 New York Disability Ins. 0.00

Total Other Current Liabilities $ 5,145,367.95

Total Current Liabilities $ 6,801,860.42

Long-Term Liabilities

2700 Security Deposits 0.00

2710 HFC Acceptance, LLC. 5,778,578.34

2725 Note- Maintenance Software 155,250.00

Total Long-Term Liabilities $ 5,933,828.34

Total Liabilities $ 12,735,688.76

Equity

3000 Common Contributions-Net

3100 Common Contributions-Net 3,455,990.43

Total 3000 Common Contributions-Net $ 3,455,990.43

3200 Preferred Contributions 3,000,000.00

3250 Preferred Distributions -391 ,083.37

Total 3200 Preferred Contributions $ 2,608,916.63

3500 Retained Earnings -4,331,638.26

Net Income 2,283,166.45

Total Equity $ 4,016,435.25

TOTAL LIABILITIES AND EQUITY $ 16,752,124.01

Friday, Apr 03, 2015 02:44:12 PM PDT GMT-7- Accrual Basis

ASSETS

Current Assets

Bank Accounts

1=1ne Airways, LLC Balance Sheet

As of December 31, 2014

1000 Bank of America- 9414 (deleted)

1005 SBBT/UNION BANK- 3717

1006 Bank of America- 1265

1006 CNB-6931/EA (deleted)

Total Bank Accounts

Accounts Receivable

1100 Accounts Receivable

1105 Unbilled Receivable

Total Accounts Receivable

Other current assets

1 01 0 Petty Cash

1200 Contractual Receivables

1201 Contractual Receivables- Flown (deleted)

1202 Contractual Receivables- Monthly Estimate (deleted)

1203 Contractual Receivables Payments (deleted)

Total 1200 Contractual Receivables

1270 Prepaid Expenses

1271 Aircraft Liability Ins.

1272 Captain's Training

1273 First Officer's Training

1274 Pilot Training

1275 Other

1276 Worker's Comp. Ins.

1277 Legal

1278 Fuel- Epic Aviation

Total 1270 Prepaid Expenses

1281 Call Options

1395 Outside Services

1510 Loan Receivable

1520 Employee Advances/Manual Checks

1540 Due To/From RCBL

interbank transfers

Total Other current assets

Total Current Assets

Fixed Assets

1601 Aircraft- N96EA

Original Cost

Total1601 Aircraft- N96EA

1602 Aircraft - N91 EA

Original Cost

Total 1602 Aircraft - N91 EA

Total

0.00

0.00

713,029.69

0.00

$ 713,029.69

299,414.47

0.00

$ 299,414.47

4,779.00

0.00

0.00

0.00

$ 0.00

128,928.31

0.00

0.00

62,894.56

170,495.92

42,540.58

8,500.00

19,680.24

$ 433,039.61

4,011.00

0.00

0.00

0.00

0.00

0.00

$ 441,829.61

$ 1 ,454,273. 77

2,807,479.66

$ 2,807,479.66

2,661,117.14

$ 2,661,117.14

1603 Aircraft- N92EA Original Cost

Total 1603 Aircraft - N92EA 1604 Aircraft- N93EA

Original Cost

Total 1604 Aircraft - N93EA 1610 Office Equipment 1620 Software

1625 Software-Aircraft Maintenance 1650 Airplane Maintenance Tools & Equipment 1690 Accumulated Depreciation

Total Fixed Assets Other Assets

1300 121 Certificate

Total 1300 121 Certificate 1750 Security Deposit (Paid)

Total Other Assets

TOTAL ASSETS

LIABILITIES AND EQUITY Liabilities

Current Liabilities

Accounts Payable 2000 Accounts Payable 2010 Due to RVL

Total Accounts Payable Credit Cards

2014 Capitol One Total Credit Cards

Other Current Liabilities 2005 Accrued Expenses 2015 Customer Deposits 2020 Due to RVL Group 2025 HFC Acceptance, LLC Current Loan 2030 HFC Acceptance, LLC-Short Term Loan 2040 Due to/from Lyle 2045 Due to/from Elite Airways Tours LLC 2050 Reserve-Aircraft Maintenance 2051 Reserve-Aircraft Maintenance-Owned Planes 2100 Payroll Liabilities 2220 Direct Deposit Payable (deleted) 2230 *Direct Deposit Liabilities (deleted) 2310 Unearned Charter Income-Leased Aircraft (deleted) 2410 Accrued- Charter Income Lease (deleted) 2510 FET 7.5% Tax

2515 FET Domestic Segment Fees

2,756,740.92

$ 2,756,740.92

2,787,340.29

$ 2,787,340.29

46,928.53

24,835.04

162,000.00

50,554.00

-577,194.96

$10,719,800.62

3,974,705.96

$ 3,974,705.96

6,688.88

$ 3,981 ,394.84

$16,155,469.23

1,023,039.39

0.00

$ 1 ,023,039.39

0.00

$ 0.00

11,152.07

4,243,298.14

0.00

1,210,714.32

700,000.00

0.00

-400.00

954,040.65

81,308.26

0.00

0.00

0.00

0.00

0.00

111,861.04

872.00

2520 FET International Arrival/Departure 2530 New York Disability Ins.

Total Other Current Liabilities

Total Current Liabilities

Long-Term Liabilities

2700 Security Deposits

2710 HFC Acceptance, LLC.

2725 Note- Maintenance Software

Total Long-Term Liabilities

Total Liabilities

Equity

3000 Common Contributions-Net

3100 Common Contributions-Net

Total 3000 Common Contributions-Net

3200 Preferred Contributions

3250 Preferred Distributions

Total 3200 Preferred Contributions

3500 Retained Earnings

Net Income

Total Equity

TOTAL LIABILITIES AND EQUITY

Friday, Apr 03, 2015 02:40:58 PM PDT GMT-7- Accrual Basis

385.00

0.00

$ 7,313,231.48

$ 8,336,270.87

0.00

5,879,471.22

159,750.00

$ 6,039,221.22

$14,375,492.09

3,455,990.43

$ 3,455,990.43

3,000,000.00

-344,375.03

$ 2,655,624.97

-2,825,714.74

-1,505,923.52

$ 1,779,977.14

$16,155,469.23

ASSETS

Current Assets

Bank Accounts

Elite Airways, LLC Balance Sheet

As of December 31, 2013

1000 Bank of America- 9414 (deleted) 1005 SBBT/UNION BANK- 3717

1006 Bank of America- 1265

1006 CNB-6931/EA (deleted) Total Bank Accounts

Accounts Receivable

1100 Accounts Receivable Total Accounts Receivable

Other current assets

1200 Contractual Receivables

1201 Contractual Receivables- Flown (deleted) 1202 Contractual Receivables- Monthly Estimate (deleted) 1203 Contractual Receivables Payments (deleted)

Total1200 Contractual Receivables 1270 Prepaid Expenses

1271 Aircraft Liability Ins.

1272 Captain's Training

1273 First Officer's Training

1274 Pilot Training

1275 Other

1276 Worker's Comp. Ins. 1277 Legal

Total 1270 Prepaid Expenses

1395 Outside Services

1510 Loan Receivable

1520 Employee Advances/Manual Checks Total Other current assets

Total Current Assets

Fixed Assets

1601 Aircraft - N96EA

Original Cost

Total 1601 Aircraft- N96EA

1602 Aircraft- N91 EA

Original Cost

Total 1602 Aircraft- N91 EA

1603 Aircraft- N92EA

Original Cost

Total 1603 Aircraft - N92EA

1604 Aircraft- N93EA

Original Cost

Total 1604 Aircraft - N93EA

1610 Office Equipment

1620 Software

$

$

$

$

$

$

$

$

$

$

Total

0.00

492.07

56,401.09

0.00

56,893.16

50,429.40

50,429.40

0.00

0.00

0.00

0.00

225,240.27

0.00

0.00

85,479.94

22,595.00

39,716.28

5,000.00

378,031.49

0.00

12,932.96

0.00

390,964.45

498,287.01

2,550,125.94

2,550,125.94

2,548,908.08

2,548,908.08

2,502,532.55

2,502,532.55

2,495,864.08

2,495,864.08

14,537.83

24,835.04

Total Fixed Assets $ 1 0,136,803.52

Other Assets

1300 121 Certificate 3,974,705.96 Total1300 121 Certificate $ 3,974,705.96 1750 Security Deposit (Paid) 6,688.88

Total Other Assets $ 3,981 ,394.84 TOTAL ASSETS $ 14,616,485.37 LIABILITIES AND EQUITY

Liabilities

Current Liabilities

Accounts Payable

2000 Accounts Payable 964,625.84 2010 Due to RVL 0.00

Total Accounts Payable $ 964,625.84 Credit Cards

2014 Capitol One 15,574.87 Total Credit Cards $ 15,574.87 Other Current Liabilities

2005 Accrued Expenses 23,732.76 2015 Customer Deposits 949,649.03 2020 Due to RVL Group 75,000.00 2050 Reserve-Aircraft Maintenance 507,441.72 2100 Payroll Liabilities 0.00 2220 Direct Deposit Payable (deleted) 0.00 2230 *Direct Deposit Liabilities (deleted) 0.00 2310 Unearned Charter Income-Leased Aircraft (deleted) 0.00 2410 Accrued- Charter Income Lease (deleted) 0.00 2510 FET 7.5% Tax 71,683.03 2515 FET Domestic Segment Fees 6,119.10 2520 FET International Arrival/Departure 0.00

Total Other Current Liabilities $ 1 ,633,625.64 Total Current Liabilities $ 2,613,826.35 Long-Term Liabilities

2700 Security Deposits 0.00 2710 HFC Acceptance, LLC. 8,300,900.00

Total Long-Term Liabilities $ 8,300,900.00 Total Liabilities $ 10,914,726.35 Equity

3000 Common Contributions-Net 3100 Common Contributions-Net 3,582,890.43

Total 3000 Common Contributions-Net $ 3,582,890.43 3200 Preferred Contributions 3,000,000.00

3250 Preferred Distributions -55,416.67 Total 3200 Preferred Contributions $ 2,944,583.33 3500 Retained Earnings -252,146.54 Net Income -2,573,568.20

Total Equity $ 3,701,759.02 TOTAL LIABILITIES AND EQUITY $ 14,616,485.37

Friday, Apr 03, 2015 03:02:31 PM PDT GMT-7- Accrual Basis

ASSETS

Current Assets

Bank Accounts

Elite Airways, LLC Balance Sheet

As of December 31, 2012

1000 Bank of America- 9414 (deleted)

1005 SBBT/UNION BANK- 3717

1006 CNB-6931/EA (deleted)

Total Bank Accounts

Other current assets

1200 Contractual Receivables

1201 Contractual Receivables- Flown (deleted)

1203 Contractual Receivables Payments (deleted)

Total1200 Contractual Receivables

1270 Prepaid Expenses

1273 First Officer's Training

1276 Worker's Comp. Ins.

Total1270 Prepaid Expenses

1395 Outside Services

1510 Loan Receivable

Total Other current assets

Total Current Assets

Fixed Assets

1610 Office Equipment

1620 Software

Total Fixed Assets

Other Assets

1300 121 Certificate

Total1300 121 Certificate

1750 Security Deposit (Paid)

Total Other Assets

TOTAL ASSETS

LIABILITIES AND EQUITY

Liabilities

Current Liabilities

Accounts Payable

2000 Accounts Payable

201 0 Due to RVL

Total Accounts Payable

Other Current Liabilities

2020 Due to RVL Group

2050 Reserve-Aircraft Maintenance

21 00 Payroll Liabilities

2220 Direct Deposit Payable (deleted)

2230 *Direct Deposit Liabilities (deleted)

2410 Accrued- Charter Income Lease (deleted)

Total Other Current Liabilities

Total Current Liabilities

Total

0.00

115,313.26

0.00

$ 115,313.26

351,504.00

-643,525.46

-$ 292,021.46

42,316.66

7,748.43

$ 50,065.09

0.00

12,000.00

-$ 229,956.37

-$ 114,643.11

22,404.74

3,835.04

$ 26,239.78

3,97 4, 705.96

$ 3,974,705.96

1,500.00

$ 3,976,205.96

$ 3,887,802.63

76,679.69

0.00

$ 76,679.69

75,000.00

72,919.20

409.85

0.00

0.00

0.00

$ 148,329.05

$ 225,008.74

Long-Term Liabilities

2700 Security Deposits 200,000.00 Total Long-Term Liabilities $ 200,000.00

Total Liabilities $ 425,008.74 Equity

3000 Common Contributions-Net 3100 Common Contributions-Net 3, 714,940.43

Total 3000 Common Contributions-Net $ 3, 714,940.43 3500 Retained Earnings 0.00 Net Income -252,146.54

Total Equity $ 3,462, 793.89 TOTAL LIABILITIES AND EQUITY $ 3,887,802.63

Friday, Apr 03, 2015 03:07:06 PM PDT GMT-7- Accrual Basis

Elite Airways: Application for Certificate of Public Convenience and Necessity

Exhibit 9 Response to Financial Positon Data Requirements

Response to Compliance Disposition Data Requirements

Elite Airways

Response to Financial Position Data Requirements

The following responds to the request for statements on page 18 (#2) and page 20 (#6) of the

DOT Fitness Guidance.

1. List any liens or encumbrances against any of applicant's assets, including those pledges as collateral for any outstanding obligations.

Security Agreement with Hankey Finance Corporation for four CRJ-200 aircraft, N91EA,

N92EA, N93EA, N96EA, recorded with FAA.

2. List any major commitment into which applicant has entered during the past 6 months, or proposes to enter into during the next 6 months, including bank or other institutional financing, private financing, issuance of bonds or stock in Elite, or major contracts to perform services.

None

3. List any transaction in which applicant sold or exchanged any major assets during the past 6 months, or plans to sell or exchange within the next 6 months, including how any funds realized from those transactions were or are intended to be used.

None

4. List any liabilities that are more than 60 days past due at the time of the application, including the amount and the circumstances under which they are past due and will be paid.

None

5. List any contingent liabilities that may have an effect on the applicant's financial posture

(e.g., lawsuits, pending judgments), including plans to meet those obligations.

None

6. List any events that occurred after the preparation of the most recent financial statements that may have a significant impact on the financial position of the applicant. If no such events have occurred, provide a statement to that effect.

No Events

7. A description of all outstanding judgments against the applicant

a. All actions and outstanding judgments of more than $5,000 against the applicant and the amount of each such judgment, the party to whom it is payable and how long it has been outstanding.

None

b. List the number of actions and outstanding judgments of less than $5,000 against the applicant and the total amount owed on each such judgment.

None

Response to Compliance Disposition data requirements, page 21-22 (#1-#4)

8. List all pending investigations, enforcement actions or formal complaints filed by the Department of Transportation, including the FAA, involving applicant, regarding compliance with the Federal Aviation Act or orders, rules or regulations issued pursuant to the statute and any corrective actions taken.

There are no such pending investigations, enforcement actions or formal complaints.

9. Describe any charges (civil or criminal) within the past 10 years brought against applicant, of fraud, felony, or antitrust violations, or of unfair, anticompetitive or deceptive business practices, including their final disposition or current status.

No such civil or criminal charges have been brought against applicant since its incorporation.

10. Please describe any aircraft accident or incident experience by applicant, which occurred during the previous year preceding the date of the application or at any time in the past which remains under investigation by the FAA, NTSB or by any other entity. Include the date of the occurrence, the type of flight, the number of passengers and crew on board and an enumeration of injuries and fatalities, and describe the damage to the aircraft. Provide FAA and NTSB file numbers and the status of any investigation, including enforcement actions initiated against the carrier or you. Also describe any actions taken to prevent the recurrence of similar events.

Since beginning operations, applicant has not been involved in any such aircraft accident or incident.

Elite Airways: Application for Certificate of Public Convenience and Necessity

Exhibit 10 Forecast Balance Sheet and Profit & Loss Statement

Flights (round trips) BBG-HOU-BBG

Total Flight Segments

Average Load Factor(%)

Average Fare

Passenger Revenue:

Airfare Ancillary (15%)

Total Revenue

Costs Excise Tax

TSA Security Fee

PFC Ground Handling

Airport Fees

Fuel Credit Card Fees

Catering Ticketing/Reservations

BLOCK TIME (Hours)

Aircraft Costs TOTAL

NET INCOME

Month 1

20 40 40

179.00

200,480.00

30,072.00

230,552.00

15,036.00 1,198.40

5,040.00 5,280.00 4,600.00

56,492.00

5,813.92 4,000.00 2,000.00

48.60

102,060.00 201,568.92

28,983.08

Month 2

20 40 45

179.00

225,540.00

33,831.00

259,371.00

16,915.50 2,301.60

924.75 4,000.00 4,600.00

56,492.00

6,540.66 4,000.00 2,000.00

48.60

102,060.00 199,883.11

59,487.89

Month 3

20 40

50 179.00

250,600.00

37,590.00

288,190.00

18,795.00

2,251.20

904.50 4,000.00 4,600.00

56,492.00 7,267.40

4,000.00 2,000.00

48.60

102,060.00 202,418.70

85,771.30

Elite Schedule Projections

Month 4

20.0 40 50

179.00

250,600.00

37,590.00

288,190.00

18,795.00

1,556.80

562.50 4,000.00 4,600.00

56,492.00 7,267.40

4,000.00 2,000.00

48.60

102,060.00 201,382.30

86,807.70

Month 5

20 40

55 179.00

275,660.00

41,349.00

317,009.00

20,674.50

2,439.10

1,093.50 4,388.08

4,600.00

56,492.00 7,994.14

4,000.00 2,000.00

48.60 102,060.00 205,789.92

111,219.08

Month 6

20 40 60

179.00

300,720.00

45,108.00

345,828.00

22,554.00

2,226.30

805.50 4,388.08 4,600.00

56,492.00 8,720.88

4,000.00 2,000.00

48.60 102,060.00 207,895.36

137,932.64

Month 7

20 40 60

179.00

300,720.00

45,108.00

345,828.00

22,554.00 716.80

261.00 3,234.06 4,600.00

56,492.00 8,720.88

4,000.00 2,000.00

48.60 102,060.00 204,687.34

141,140.66

Month 8

20 40 60

179.00

300,720.00

45,108.00

345,828.00

22,554.00

1,265.60

445.50 3,291.06 4,600.00

56,492.00 8,720.88

4,000.00 2,000.00

48.60

102,060.00 205,477.64

140,350.36

Month 9

20 40 60

179.00

300,720.00

45,108.00

345,828.00

22,554.00

1,618.40

670.50 2,197.65

4,600.00

56,492.00 8,720.88

4,000.00 2,000.00

48.60 102,060.00 204,962.03

140,865.97

Month 10 Month 11 Month 12

20 40

60 179.00

300,720.00

45,108.00

345,828.00

22,554.00

2,161.60

810.00 3,228.06

4,600.00

56,492.00 8,720.88

4,000.00 2,000.00

48.60 102,060.00 206,675.14

139,152.86

20 40

60 179.00

300,720.00

45,108.00

345,828.00

22,554.00

2,525.60

846.00 2,802.42

4,600.00

56,492.00 8,720.88

4,000.00 2,000.00

48.60

102,060.00 206,649.50

139,178.50

20 40 60

179.00

300,720.00

45,108.00

345,828.00

22,554.00

666.40 261.00 814.00

4,600.00

56,492.00

8,720.88 4,000.00 2,000.00

48.60

102,060.00 202,216.88

143,611.12

ASM's 1,346,800.00 1,346,800.00 1,346,800.00 1,346,800.00 1,346,800.00 1,346,800.00 ########### ########### ########### ########### ########### ###########

Break Even Load Factor

Notes; Aircraft Costs include Crew, Maintenance Reserves

Fuel Avg Burn 487 Gallons actual

HOU-BBG Fuel $2.90 per gal into plane

36% 36% 36% 36% 36% 36% 36% 36% 36% 36% 36% 36%

First Year Total

240.00

480.00

3,307,920.00

496,188.00

3,804,108.00

248,094.00

20,927.80 12,624.75 41,623.41 55,200.00

677,904.00

95,929.68 48,000.00 24,000.00

583.20

1,224, 720.00 2,449,606.84

1,354,501.16

Elite Airways: Application for Certificate of Public Convenience and Necessity

Exhibit 11 OST Form 6410- Certificate of Insurance

AGENCY DISPLAY OF ESTIMATED BURDEN

The public reporting burden for this collection of information is estimated to average 30 minutes per response. If you wish to comment on the accuracy of the estimate or make suggestions for reducing this burden, please direct your comments to: U.S. Department of Transportation, Office of Aviation Analysis, X-56, 400 7"' St., SW., Washington, D.C. 20580. According to the Paperwork Reduction Act of 1995, no persons are required to respond to a collection of information unless it displays a valid OMB control number.

NOTE: For information on where to file completed copies of this form, see FILING INSTRUCTIONS below. Office of the Secretary of Transportation OMB No. 2106-0030 Expires 9-30-2007

U.S. AIR CARRIERS- CERTIFICATE OF INSURANCE

POLICIES OF INSURANCE FOR AIRCRAFT ACCIDENT BODILY INJURY AND PROPERTY DAMAGE LIABILITY

FILING INSTRUCTIONS: File a signed original of this form with the Federal Aviation Administration, AFS-260,800 Independence Ave., S.W., Washington, D.C. 20591. (See EXCEPTIONS I and 2 below).

EXCEPTION 1: If Block 28 on the reverse is filled in because the insured is a commuter air carrier, file a signed original of this form with the Department of Transportation, air Carrier Fitness Division, X-56, 400 7"' St., SW, Washington, DC 20590.

EXCEPTION 2: For l!!!Y insured that is located in the State of Alaska (regardless as to whether Block 2A, 2B or 2C is filled in), file a signed original of this form with the Federal Administration, Alaskan Region Hq., AAL-230, 222 W. 7"' Ave., #14, Anchorage, Alaska 99513

(Please type information, except signatures.)

THIS CERTIFIES THAT: SEE ATTACHED SECURITY SHEET (Name oflnsurer)

has issued a policy or policies of Aircraft Liability Insurance to ~E~h!!:·te!<....!:A~i.!..:rw!!..!!.ay~s~.-'L""L"'C"---------------------------

97A Exchange Street. Suite 204 Portland ME 04101-5016 FAA Certificate Number 19EA891L (Name, address and FAA Certificate number of Insured U.S. Air Carrier

effective from May I. 2014 until ten (10) days after written notice from the insurer or carrier of the intent to terminate

coverage is received by the Department of Transportation.

NOTE: Part 205 of the Department's Regulations does not allow for a predetermined termination date, and a certificate showing such a date is unacceptable.

I. The Insurer (Check One):

t8J is licensed to issued aircraft insurance policies in the United States;

D is licensed or approved by the government of __________________ to issued aircraft insurance policies, or

D is an approved surplus line insurer in the State(s) of ____________________ _

2. The insurer assumes, under the policy or policies listed below, aircraft accident liability insured to minimums at least equal to the following during operation, maintenance, or use of aircraft in "air transportation" as that term is defined in 49 U.S.C. 40102. (Comolete applicable section(s) A B or C below):

A. U.S. AIR TAXI OPERA TORS (EXCLUDING U.S. COMMUTER AIR CARRIERS) WITH PART 298 AUTHORITY ONLY: The aircraft covered by this policy are SMALLAIRCRAFT (i.e., with 60 or fewer passenger seats or with a maximum payload capacity of 18,000 pounds or less). (Complete separate or combined coverage as appropriate).

0 Separate Coverages:

Policy No. Tvoe of Liability

Bodily Injury Liability (Excluding Passengers)

Passenger Bodily injury

Property Damage

Minimum Limit

Each person Each Occurrence

$75,000 $300.000

$75,000 $75,000 x 75% of

$100,000

total number of passenger seats installed in aircraft

0 Combined Coverage. The amount of coverage set forth below is a single limit of liability for each occurrence at least equal to the required minimum stated above for bodily injury (excluding passengers), property damage, and passenger bodily injury.

Policy No.--------------- Amount of Coverage--------------

0 This policy covers CARGO operations only and exclude passenger liability insurance.

OST Form 6410

B. U.S. COMMUTER AIR CARRIERS OR CERTIFICATED AIR CARRIERS OPERATING SMALL AIRCRAFT

The aircraft covered by this policy are SMALL AIRCRAFT (i.e., with 60 or fewer passenger seats or with a maximum payload capacity of 18,000 pounds or

less). (Complete separate or combined coverage as aporooriate):

0 Separate Coverages:

Policy No. Type of Liability

Combined Bodily Injury (Excluding Passengers other than cargo attendants) and Property Damage Liability

Passenger Bodily injury

Minimum Limit

Each oerson

$300,000

$300,000

Each Occurrence

$2,000.000

$300,000 x 75% of

total number of passenger seats installed in aircraft

0 Combined Coverage. The amount of coverage set forth below is a single limit of liability for each occurrence at least equal to the required minimums

stated above for bodily injury (excluding passengers), property damage, and passenger bodily injury.

Policy No.---------------- Amount of Coverage---------------

0 This policy covers CARGO operations only and exclude passenger liability insurance.

C. U.S. CERTIFICATED AIR CARRIERS OPERATING LARGE AIRCRAFT The aircraft covered by this policy are LARGE AIRCRAFr (i.e., with more than 60 passenger seats or with a maximum payload capacity of more than

18,000 pounds). (Complete separate or combined coverage a~ appropriate):

0 Separate Coverages: Minimum Limit

Policy No. Type of Liability Each person Each Occurrence

Combined Bodily Injury (Excluding Passengers other

than cargo attendants) and Property Damage Liability $300,000

$300,000

$2,000.000

$300,000 x 75% of

total number of passenger seats installed in aircraft

Passenger Bodily injury

12:1 Combined Coverage. The amount of coverage set forth below is a single limit of liability for each occurrence at least equal to the required minimums

stated above for bodily injury (excluding passengers), property damage, and passenger bodily injury.

Policy No. See Attached Security Sheet Amount of Coverage -"$'-"3"'0""0"'0""00"-""0f,JOcL.... ________ _

0 This policy covers CARGO operations only and exclude passenger liability insurance.

3. The policy or policies listed in this certificate insure(s) (Check One):

12:1 Operations conducted with all aircraft operated by the insured

0 Operations conducted with the following types of aircraft:

0 Operations with the following aircraft: (Use additional page if necessary)

Make and Model FAA or Foreign Flag Registration No.

4. Each policy listed in this certificate meets or exceeds the requirements in 14 CFR Part 205.

SEE ATTACHED SECURITY SHEET Aon Risk Services Inc.

(Name of Insured) (Name of Broker, if applicable)

1001 Brickell Bay Drive Suite 1100

(Address) (Address)

Miami FL 33131

(City, State, Zip Code) (City, State, Zip Code)

Nick Sirianni Vice President

Contact (person who can verify the effectiveness of the coverage) (Officer or authorized representative)

305-961-6176 305-372-8599

(Area Code, Phone Number) (Area Code, Fax Number) (Area Code Phnn~ 1\Tnmh~•\ r "'~" rnri~ Fax Number)

(Signature if applicable)

March 13 2015

Date Date

ELITE AIRWAYS LLC

SECURITY SHEET- HULL AND LIABILITY

POLICY TERM: May 27, 2014- May 27, 2015 on both dates at 12:01 A.M. Local Standard Time at the address of the Named Insured.

INSURER/ADDRESS

Starr Surplus Lines Insurance Company lronshore Specialty Insurance Company through Starr Aviation Agency, Inc. 3353 Peachtree Road, NE, Suite 1 000 Atlanta, GA 30326

Underwriters at Lloyd's of London and other London Companies through Aon Limited, Aviation 8 Devonshire Square London, EC2M 4PL, UK

XL Specialty Insurance Company One World Financial Center 200 Liberty Street, 21st Floor New York, New York 10281

Catlin Insurance Company, Inc c/o W. Brown & Associates Insurance Services 4675 MacArthur Court, Suite 770 Newport Beach, CA 92660

StarNet Insurance Company through Berkley Aviation, LLC 3780 State Street, Suite C Santa Barbara, CA 93105

Great American Insurance 197 Route 18 South, Suite 3000 East Brunswick, NJ 08816

POLICY NUMBER

SASLAMR63616613-03 IHM1 00157-03

AM1434401

UA00006927 AV14A

NQC4024490

BA-13-05-0007 8

QS2406120-00

TOTAL

SEVERAL LIABILITY NOTICE

QUOTA SHARE

19.5% 5.5%

36.0%

12.0%

10.0%

10.0%

7.0%

100.0%

The subscribing insurers' obligations under contracts of insurance to which they subscribe are several and not joint and are limited solely to the extent of their individual subscriptions. The subscribing insurers are not responsible for the subscription of any co-subscribing insurer who for any reason does not satisfy all or part of its obligations. LSW 1001 (Insurance)

Elite Airways: Application for Certificate of Public Convenience and Necessity

Exhibit 12 OST Form 4523 - Montreal Agreement Signed

Counterpart

U.S. Department of Transportation Office of the Secretary of Transportation AGREEMENT

Docket OST 95-236

The undersigned carriers (hereinafter referred to as "the Carriers") hereby agree as follows:

1. Each of the Carriers shall, effective May 16, 1966, include the following in its conditions of carriage, including tariffs embodying conditions of carriage tiled by it with any government:

"The Carrier shall avail itself of the limitation of liability provided in the Convention for the Unification of Certain Rules Relating to International Carriage by Air signed at Warsaw October 12th, 1929, or provided in the said Convention as amended by the Protocol signed at The Hague September 28th, 1955. However, in accordance with Article 22(1) of said Convention, or said Convention as amended by said Protocol, the Carrier agrees that, as to all international transportation by the Carrier as defined in the said Convention or said Convention as amended by said Protocol, which, according to the contract of Carriage, includes a point in the United States of America as a point of origin, point of destination, or agreed stopping place

(1) The limit of liability for each passenger for death, wounding, or other bodily injury shall be the sum of US $75,000 inclusive of legal fees and costs, except that, in case of a claim brought in a State where provision is made for separate award of legal fees and costs, the limit shall be the sum of US $58,000 exclusive of legal fees and costs.

(2) The Carrier shall not, with respect to any claim arising out of the death, wounding, or other bodily injury of a passenger, avail itself of any defense under Article 20(1) of said Convention or said Convention as amended by said Protocol.

Nothing herein shall be deemed to affect the rights and liabilities of the Carrier with regard to any claim brought by, on behalf of, or in respect of any person who has willfully caused damage which resulted in death, wounding, or other bodily injury of a passenger."

2. Each Carrier shall, at the time of delivery of the ticket, furnish to each passenger whose transportation is governed by the Convention, or the Convention as amended by the Hague Protocol, and by the special contract described in paragraph 1, the following notice, which shall be printed in type at least as large as 10 point modern type and in ink contrasting with the stock on (i) each ticket; (ii) a piece of paper either placed in the ticket envelope with the ticket or attached to the ticket; or (iii) on the ticket envelope:

"ADVICE TO INTERNATIONAL PASSENGER ON LIMITATION OF LIABILITY

Passengers on a journey involving an ultimate destination or a stop in a country other than the country of origin are advised that the provisions of a treaty known as the Warsaw Convention may be applicable to the entire journey, including any portion entirely within the country of origin or destination. For such passengers on a journey to, from, or with an agreed stopping place in the United States of America, the Convention and special contracts of carriage embodied in applicable tariffs provide that the liability of [certain ]"' [{name of carrier) and certain other] carriers parties to such special contracts for death of or personal injury to passengers is limited in most cases to proven damages not to exceed US $75,000 per passenger, and that this liability up to such limit shall not depend on negligence on the part of the carrier. For such passengers traveling by a carrier not a party to such special contracts or on a journey not to, from, or having an agreed stopping place in the United States of America, liability of the carrier for death or personal injury to passengers is limited in most cases to approximately US $10,000 or US $20,000.

The names of Carriers parties to such special contracts are available at all ticket offices of such carriers and may be examined on request.

Additional protection can usually be obtained by purchasing insurance from a private company. Such insurance is not affected by any limitation of the carrier's liability under the Warsaw Convention or such special contracts of carriage. For further information please consult your airline or insurance company representative."

3. [This Agreement was tiled with the Civil Aeronautics Board of the United States. The Board approved it by Order E-23680, adopted May 13, 1966. The Agreement (Agreement 18900) became effective May 16, 1966. On January 1, 1985, this Agreement became the responsibility of the Department of Transportation (DOT) by operation of law.]

4. This Agreement may be signed in any number of counterparts, all of which shall constitute one Agreement. Any Carrier may become a party to this Agreement by signing a counterpart hereof and depositing it with DOT.

5. Any Carrier party hereto may withdraw from this Agreement by giving tw~ ths' wr~~eQ_ n ice of with . and the other Carriers parties to the Agreement. . ::.;;7 -

(Signature and Date) ~e.. "::t<t1t'-' *Either alternative may be used.

(Printed Name and Tit ~ ~ IN • t--'~~ ~- // (Name and Address of Carrier) _.soe-.Jt:..L' ::r:+F::::~~-:::..........,c.-4+Lt.!!lld:;.:!~!:!IL~"~S.::..'---=L~L~C----

OST Fonn 4523 (Formerly CAB Form 263) ~ Ok Pt.>~~ 'Sf'7

CERTIFICATE OF SERVICE

I certify that, on April 29, 2015, I caused to be served a copy of the foregoing Application for Certificate of Public Convenience and Necessity, by electronic mail upon those addressees listed below:

[email protected] (DOT) [email protected] (DOT) [email protected] (FAA Principal Operations Inspector) [email protected] (United) [email protected] (Counsel for United) [email protected] (Delta) [email protected] (Counsel for JetBlue and Hawaiian) [email protected] (Counsel for JetBlue and Hawaiian) [email protected] (Alaska) [email protected] (Counsel for Alaska) [email protected] (Counsel for Spirit) [email protected] (Counsel for Spirit) [email protected] (Southwest) [email protected] (Southwest) [email protected] (Sun Country) thomas. [email protected] (Sun Country) [email protected] (Counsel for Frontier) [email protected] (Counsel for Frontier) [email protected] (American) [email protected] (Counsel for Allegiant) [email protected] (Counsel for Allegiant) [email protected] (Denver International Airport) [email protected] (PortAuthority ofNewYork and New Jersey) [email protected] (Branson Airport) [email protected] (Branson Airport) [email protected] (Melbourne Airport)