EXHIBIT CVK-7 

mSURANCECOVERAGE 

Cavok Air's insurance coverage meets the requirements of 14 C.F.R. Part 205. Its aircraft 

and services are insured by BUSm Ins. Co, a Ukrainian insurance provider, which in turn may 

underwrite its policy through other insurance companies worldwide. An executed copy of OST 

Form 6411 (Certificate of Insurance) from Cavok Air's insurer is attached hereto. 
t3 ..,.,..,~ ~ 

AGENCY DISPLAY OF ESTIMATED BURDEN 

The public reporting burden for this collect1on 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: US. Department of Transportation, Office of Aviation Analysis, X-56, 400 7'" St., SW ,., Washington, D.C. 20590. 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. 

Office of the Secretary 

ofTransponation NOTE· For information on where to file completed copies of this form, see FILING INSTRUCTIONS below. 

OMB No. 2106-0030 Expires 9-30-2007 

FOREIGN AIR CARRIERS - CERTIFICATE OF INSURANCE 

POLICIES OF INSURANCE FOR AIRCRAFT ACCIDENT BOOIL Y INJURY 

AND PROPERTY DAMAGE LIABILITY 

FILING INSTRUCTIONS: File a signed original of thos form with the Federal Aviation Admimstralion, A1r Transportation Div., AFS-260, 800 Independence Ave., SW .. Washington, DC 20591 . (See EXCEPTION below.) 

EXCEPTION: If Section 2.A. is filled in because the onsured IS a Canad1an Charter Air Taxi Operator, file an original of this form with the U.S. Department 

of Transportation, Special Authorities Division (X-46), 400 7'" Street, SW, Washington, D.C. 20590 

(Please type information, except signatures.) 

THIS CERTIFIES THAT: «BUSIN» Ins. Co. 

(Name of Insurer) 

has issued a policy or policies of Aircraft Liability Insurance to limited liability Company «CAVOK AIR» 

Section 1, Housing 3, 3 Obolon Quay, Kyiv, Ukraine, 04210 FAA Certificate Number _ _ 

(Name, address and FAA Certificate number of Insured Foreign Air Carrier) 

effective from 20/08/2014 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. 

1 The Insurer (Check One): 

o is licensed to issue aircraft insurance policies in the United States; 'l is licensed or approved by the government of Ukraine to 1ssue aircraft insurance policies; or 

o 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 "foreign air transportation" as that term is defined in 49 U.S.C. 40102. 

(Complete applicable section A 8, or C bglow): 

A. CANADIAN CHARTER AIR TAXI OPERATORS WITH PART 294 AUTHORITY ONLY 

The aircraft covered by this policy have: (1) 30 or fewer passenger seats and a maximum payload capacity of 7,500 pounds or less; and/or 

(2) a maximum authorized takeoff weight on wheels of no more than 35,000 pounds. (Complgte separate or combined coverage as 

appropriate): 

o Separate Coverages: Minimum Limit 

Policy No. Tvpg of Liability Each person Each Occurrence 

Combined Bodily Injury (Excluding Passengers other 

than cargo attendants) and Property Damage Liability 

Passenger Bodily Injury $75,000 

$75,000 $2,000,000•(See note) 

$75,000 x 75% of 

total number of 

passenger seats 

installed in aircraft 

o Combined Coverage: This combined coverage is a single lim1t 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 ___ ______ U S. Dollars 

o This policy covers CARGO operat1ons only and excludes passenger liability insurance. 

NOTE· If the aircraft covered by this policy have more than 30 passenger seats or more than a maximum payload capacity of 7,500 

pounds, the minimum limit per occurrence shall be 520,000,000. 
OST Form 6411 

B. FOREIGN AIR CARRIERS OPERATING SMALL AIRCRAFT 

capacity 

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

of 18,000 pounds or less). (ComQiet!! seQarate or combined coverag!! 2~ f!.QQrOQria le): 

- Separate Coverages· Minim',!.m Limit 

PQiit;:t.NQ, TI!.QIZ Qf /.lfl./})lil~ Each eer§.Qn EB(i.h Qf:i.(i.urrenr;<e 

Combined Bodily InJury (Excluding Passengers other 

than cargo attendants) and Property Damage Liability $300,000 $2,000,000 

Passenger Bodily Injury $300.000 $300,000 x 75% of 

total number of 

passenger seats 

installed in aircraft 

0 

minimu

Combined 

ms 

Coverage: This combined coverage is a single limit of liability for each occurrence at least equal to the required 

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

Policy No Amount of Coverage U.S. Dollars 

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

c. FOREIGN AIR CARRIERS OPERATING LARGE AIRCRAFT 

more 

The aircraft 

than 18

covered by this policy are LARGE AIRCRAFT (i e., with more than 60 passenger seats or with a maximum payload capacity of 

,000 pounds). (ComQiete seQarate or r;<ombined coverag_e as !i!.l2Q/QQ.riate): 

" 

Separate Coverages: Minimum Limit 

PoliC"t,NO. T"t.Q.e of Lif!.bilit"t. Each Qer11.0n Each Occurrence 

71 92/L, 71~~1L, Combined Bodily Injury (Excluding Passengers other 

71g4/L, 72~0 . than cargo attendants) and Property Damage Liability $300,000 $20,000,000 

Passenger Bodily Injury $300,000 $300,000 x 75% of 

total number of 

passenger seats 

installed in aircraft 

0 

m

Combined Coverage: This combined coverage is a single limit of liability for each occurrence at least equal to the required 

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

Policy No. Amount of Coverage U.S. Dollars 

I This policy covers CARGO operations only and Gxcludes passenger liability insurance. 

3. The policy or policies listed in this certificate insure(s) (Check One): Make and Model FAA or Foreign Flag 

Registration No. 

0 Operations conducted with all aircraft operated by the insured 

~ Operations conducted with the following types of aircraft: 

Operations with the following aircraft: (Use additional page 1f necessary) 

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

«BU_SIN» Ins. Co. 

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

23A KLIMENKO ST. 

(Address) (Address) 

KYIV UKRAINE 03110 

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

Dennis Ovchinnikov 

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

+Q6_Q44/2456217 I +(38044/2456217 I 

(Area Code, Phone Number) (Area Code. Fax Number) (Area Code, Phone Number) (Area Code, Fax Number) 

~ " 

1\· C (Signa~ ure, if applicable) (Signature) 

2010s 12014 

(Date) (Date) 
Operations with the following aircraft: 

Make and Model 

Antonov An -128 

Antonov An - 12BP 

Antonov An- 74TK- 100 

Antonov An - 12BK 

Addendum to paragraph 3 

FAA or Foreign Flag 

Registration No 

UR-CJN 

UR-CKM 

UR-CKC 

UR-CKL 
EXHIBIT CVK-8 

OPERATOR'S CERTIFICATE 

A copy of Cavok Air's Air Operator's Certificate, issued by the State Aviation 

Administration of Ukraine is attached hereto. 

Cavok's Air Operator Certificate (AOC No. UK 035) was most recently issued to it on 

April 18, 2013, and will be subject to continuous renewal on bi-annual basis as set forth in the 

applicable laws and regulations of Ukraine. The Air Operator's Certificate grants Cavok Air the 

right to perform commercial air operations subject to the operations specifications, the operations 

manual, the Convention on International Civil Aviation and the air legislation ofUkraine. 

Oversight ofCavok Air's operations is performed by the State Aviation Administration of 

Ukraine. Cavok Air's Air Operator's Certificate and operations specifications authorize it to 

operate commercial air transportation with no limitations of the areas of operation. 
G£ :N'!!.: 

AOCM: 

UK035 

UK035 

JJ.aTa· :JaKiH'ICHHll 

rep'MiH)' nil: 17.04.2015 

Expirydate: 17:04.2015 

YKPAIHA 

UKRAINE 

.l.\EP:>KABHA ABIAUI11HA CJJY)JffiA YKPAIHH 

STATE AVIATION ADMINISTRATION OF UKRAINE 

TosapnCTBO 1 o6Me)KeHOIO 

Bi.llnosi;:laJJLHicTIO "KABOK EHP" 

Limited Liability Company "CAVOK AIR" 

KoMeplli"RHe uaAMeuysauwr: 

DBA: 

Allpeca eJ(cnnyantHra: 04210, YKpaiHa, M.KuiB, 

060JJOHCI>K8 Ha6epc>KH8, 6yllHHOK 3, KOPJlYC 3, 

cexllis I, ocpic 2 

Operator address: Office ). Obolonska naberezhna, 5. Box 

1; ~t on l, Kyiv, Ukraine, 04210 

Tenecpou: +38 (044) 537-77-45 

Telephone: 

<l>aJCc: +38 (044) 537-77-46 

Fa::r.: 

E-mail: cavQkair@uJrr.net 

OflEPATHBHHA 

3B'JBOKB 

EKCflJIY AT AQif 

OPERATIONAL POINTS OF 

CONTACT 

KoHTaKTua iH!fK>pMauis, ~o 

.nat: JMory ueraAuo 

3B1Jl38TlJCJI 3 onep&THBHHM 

KepiBHHUTBOIIt, ~BelleHa B 

Kepiumurroi l 

eKcnnyanmir qacnJHa A, 

poo.IM 1 I 

Contact details, at which 

operatiOIUI/ management can 

be cQtllacted without undue 

tklay. ore listed in Operations 

Manual Part A, chapter J I 

Qelt cepntcpiKaT 3acoi;tqyE:, mo TouapHCTBY 3 o6Me>KeHOJO ui.n,nooinan&Ricno "KABOK ru:iP" ua.nauo npaoo 

3)liAcHJOB8111 KOMepuiAHi 0()8JT'p"Hi nepeoe3eHHll, IlK ue Blf3H81JCHO B eKcnnyarauiitHHX CDCUH$iKaUiliX, IUO 

llO.llllJOTbCJI, BillnOBiJlHO Jl(f KepiBHHllTB3 3 CKCIU!yarauil j npaBHJJ cepTHcpiKauii" eKCOJJyaTaHTIB, WO J.niitCHIOIOTb 

eKCilJlyataUitO UHBi1U>HHX nosiTpHHHX CyJleH (niTaKiB) 3 MeTOIO BHKOHaHHJI KOMepUiHJfHX TJ)aHcnOpTtUIX 

nepeseseHb 3ri.tmo 3 Bll.MOl'aMH OPS 1. 

Tlli5 certif~eale Cl}rlifies thal Umiled Liabilily Company HCAVOK AIRH "is authorized to peiform cpmmercial air operations, as 

tkflned in the anached operations specifications, in accordance wiJh the Operations Manual and tl1e Air Operators Certification 

Rules for civJJ aircraft operations to perfor ial air transportations under requi,.Pni!n.(!·OP.S l 

)laTa BJU18'1i: 18.04.2013 

Date qfissue: 18.04.2013 

AO NQ0 00 183 tr: ~~~~w~~~) 
EXHIBIT CVK-9 

OPERATING HISTORY 

Cavok Air started operations as a charter cargo carrier in April of 2012, when its Air 

Operator Certificate was initially issued to it by the State Aviation Administration of Ukraine. 

It is a growing airline that identifies safety and quality of its services as its primary goal. It 

consistently works to position itself as the preferred operator providing high quality, safe, 

comfortable and affordable transportation of cargo worldwide. Having started with the cargo 

transportation market in 2012, the airline has gained valuable experience in transportation of 

animals, aircraft engines, motor vehicles, spare parts for continuous assembly line productions, 

perishable and valuable cargoes. All Cavok's staff and crews are certified for transportation of 

dangerous cargoes, including CAO and radioactive materials. 

Cavok specializes in international cargo charter transportation services in Europe, Africa, 

Asia, Middle East, Far East, Australia and the Pacific. The company is now planning to add 

destinations in the Americas to its route map. 

Cavok is currently operating one Antonov AN-74TK-100 and three Antonov AN-12 

aircraft and has its An-12 aircraft base at Chernovtsy International Airport (Ukraine), and its An74 aircraft base at Kyiv/Zhuliany International Airport (Ukraine). 

Antonov An-74 is a twin-turbofan airplane designed to carry up to 10 tons of cargo at a 

cruising speed of up to 700 km/h and cruising flight altitude of 1 0,1 00 meters. The engines have 

low fuel consumption and high level of reliability. They meet ICAO requirements for aircraft 

engine emissions and noise. High engine arrangement practically precludes ingestion of foreign 

objects into engine air intakes at takeoff and landing even when operating on pebble airfields. 

Landing gear with low-pressure tires allows autonomous operation of the aircraft on both hardsurface runways and unpaved strips. 
EXHIBIT CVK-9 

Antonov An-12 was originally designed as a military transporter that can be used at remote 

cargo aprons within barbed wired military facilities operating from concrete and unpaved 

runways, including grass landing strips. An-12 was successfully converted to provide reliable 

commercial air transport into some of the most difficult regions in the world. This aircraft is 

fully European airspace compliant, with both EGPWS and TCAS systems, and has stage III 

noise level engines. The fuselage is upswept and has large rear-loading doors, with a detachable 

ramp that can be used for on-ground loading and unloading. The rear fuselage features a 

mechanized cargo door used for loading/unloading of cargo, wheeled vehicles, and livestock. 

Special ramp closing the cargo door serves as a stair for cargo loading and unloading. It can also 

be slid under the fuselage to allow free approach of trucks to the cargo cabin sill for direct 

loading from the truck body. The internal crane enables loading and moving of pieces of up to 

2,500 kg in weight inside the cargo compartment. The integrated navigation system and flight 

and communication equipment ensure aircraft operation on both the equipped and unequipped air 

routes, day and night, in any season, under VFR and IFR weather conditions, flying the desired 

flight path in the automatic, flight-director or manual control mode. 

Cavok Air is a growing airline that identifies safety and quality of its services as its 

primary goal. It consistently works to position itself as the preferred operator providing high 

quality, safe, comfortable and affordable transportation of cargo to major Eurasian destinations. 

Cavok Air is now planning to add destinations in the Americas to its route map. 
EXHIBIT CVK-10 

AIRCRAFT INVENTORY 

Cavok Air is currently operating one Antonov AN-74TK-100 and three Antonov AN-12 

aircraft. All of Cavok Air's aircraft are currently dry leased. 

For its proposed U.S. operations, Cavok Air is planning to operate both its AN-74TK-100 

and Antonov AN-12 equipment, as listed below. Aircraft Information on the aircraft proposed 

for US operations by Cavok Air, including the names and addresses of the lessors is listed below. 

Cavok Air is the current sole operator of the listed aircraft and does not contemplate any wet 

leases that may affect its proposed U.S. operations. Cavok Air plans to continue expanding its 

fleet of aircraft in the future. 

Aircraft T::we & Serial No. Basis of Use Registration Countrv of 

No. Remstrv 

AN-74/36547095905 Leased/Swift Solution FZE UR-CKC Ukraine 

AN-12/01348005 Leased/Swift Solution FZE UR-CKL Ukraine 

AN-12/01348006 Leased/P ankratev Victor UR-CJN Ukraine 

AN-12/02348207 Leased/ Aero net Ltd UR-CKM Ukraine 

LESSOR REGISTERED ADDRESS Country of Incorporation 

Swift Solution FZE P.O.Box 8735,Saif United Arab Emirates 

Zone,Shatjah,UAE 

Aeronet Ltd P.O.Box 7902,Airport United Arab Emirates 

International FZE,Sharjah,UAE 

Pankratev Victor 21 apt, 19, U glichska Russia 

str. ,Moscow ,Russia 
EXHIBIT CVK-11 

MAINTENANCE ARRANGEMENTS 

Cavok Air will utilize Antonov AN-74TK-100 and Antonov AN-1 2 aircraft, as well as 

any other aircraft as it may further acquire, to conduct the proposed operations. 

Cavok Air's routine maintenance base is located at Kyiv/Zhuliany International Airport 

(Kyiv, Ukraine). Line and base maintenance for AN-74TK-100 aircraft is performed at 

Kyiv/Zhuliany International Airport by UA TC ("Ukrainian Aviation Technical Centre"), a 

maintenance organization approved by the Ukrainian SAAU under Ukraine aviation rules 

(Certificate: UA.l45.0034). Line and base maintenance for Cavok Air's AN-12 aircraft is 

performed at Kiyv Bila Tserkva Airport by "AVIAMIR," a maintenance organization approved 

by the Ukrainian SAAU under Ukraine aviation rules (Certificate UA.145.0044). 

Cavok Air will also enter into appropriate contracts in the United States for line 

maintenance of its aircraft used for US operations as necessary. 

Ukraine is a contracting state to the Convention on International Civil Aviation 

("Chicago Convention"). Cavok Air's aircraft are maintained in compliance with ICAO Annexes 

1, 6 (Part 1), and 7. In addition, Cavok Air's aircraft conform to respective type designs 

approved by the State of the Manufacturer and have been issued civil airworthiness certificates in 

accordance with the provisions of ICAO Annex 8. Oversight over continuous airworthiness of 

Cavok Air's aircraft is performed under the applicable regulations ofUkraine as the state of the 

operator and ofthe registry of the aircraft as set forth in Annexes 1, 2, 6 and 8 to the Chicago 

Convention. 
EXHIBIT CVK-12 

AGREEMENTS WITH OTHER CARRIERS AFFECTING 

CAVOK AIR'S SERVICE PROPOSAL 

Cavok Air has no agreements or cooperative working arrangements with other carriers 

that affect the services proposed by this application.