BEFORE THE 

DEPARTMENT OF TRANSPORTATION 

OFFICE OF THE SECRETARY 

WASHINGTON, DC 

Application of 

T'WA Y AIR CO., LTD. 

for a foreign air carrier permit pursuant to 

49 U.S.C. § 41301 and for exemption authority 

pursuant to 49 U.S.C. § 40109 

(U.S.-Korea Open Skies) 

) 

) 

) 

) 

) Docket No. DOT-OST-2015-__ _ 

) 

) 

) 

) 

APPLICATION OF T'W A Y AIR CO., LTD. 

FOR A FOREIGN AIR CARRIER PERMIT AND EXEMPTION 

Communications with respect to this document should be addressed to: 

llyeYun Kim 

Manager 

T'way Air Co., Ltd. 

Flight Operations Support Center 

International Cargo Terminal 

210, Haneul-gil, Gangseo-gu 

Seoul, Republic of Korea 157-240 

February 2, 2015 

David Heffernan 

Jawaria Gilani 

Cozen O'Connor 

The Army and Navy Building 

1627 I Street, NW 

Suite 1100 

Washington, DC 20006 

Phone: (202) 463-2537 

Phone: (202) 463-2540 

Email: dheffeman@cozen.com 

Email: jgilani@cozen.com 

Counsel for 

T'W A Y AIR CO., LTD. 

NOTE: The applicant requests expedited approval of the application and will poll the carrier 

representatives served and report the polling results to the Department. 
BEFORE THE 

DEPARTMENT OF TRANSPORTATION 

OFFICE OF THE SECRETARY 

WASHINGTON, DC 

Application of 

T'WAY AIR CO., LTD. 

for a foreign air carrier permit pursuant to 

49 U .S.C. § 4130 I and tor exemption authority 

pursuant to 49 U.S.C. § 40109 

(U.S.-Korea Open Skies) 

DATED: February 2, 2015 

) 

) 

) 

) 

) 

) 

) 

) 

) 

Docket No. DOT~OST~2015-__ _ 

APPLICATION OFT'WAY AIR CO., LTD. 

FOR A FOREIGN AIR CARRIER PERMIT AND EXEMPTION 

T"way Air Co .. Ltd. ("T'way Air"), an air carrier of the Republic of Korea, hereby 

applies, pursuant to 49 U.S.C. §§ 41301 and 40109, Part 211 ofthe Department's Economic 

Regulations (14 C.F.R. Part 211), Subparts Band C ofthe Department's Rules of Practice in 

Proceedings (14 C.F.R. §§ 302.201 and 302.301, et. seq.), and the Department's streamlined 

licensing procedures, 1 lor a foreign air carrier permit and an exemption authorizing T'way Air to 

engage in: ( 1) scheduled loreign air transportation of persons, property and mail from points 

behind the Republic of Korea, via the Republic of Korea and intermediate points, to a point or 

points in the United States and beyond; (2) charter foreign air transportation of persons, property, 

and mail between any point or points in the Republic of Korea and any point or points in the 

United States, and beyond to any point or points in a third country or countries; and (3) other 

charter foreign air transportation subject to the terms, conditions. and limitations of 14 C.F.R. 

1 See Notice In the Matter of Streamlining Regulatory Procedures for Licensing U.S. and Foreign Air Carriers, 

August 23. :2005 (Docket DOT-OST-2005-22228). 
Application ofrway Air Co., Ltd. 

Page 2 of6 

Part 212. 

T'way Air plans to begin operating scheduled service between Seoul, Republic of Korea, 

and Guam on or about July 15, 2015. T'way Air seeks expedited treatment of its request for an 

exemption to commence operating the Seoul-Guam service to allow it to begin advertising and 

selling tickets to consumers sufliciently in advance of the proposed service launch date. 

Accordingly, T'way Air requests the Department's prompt consideration and approval of this 

application. 

In support of its Application, T'way Air submits the following infonnation: 

1. T'way Air Company, Limited is a corporation lawfully organized under Chapter 4, 

Articles 288 through 328, of the Commercial Law of the Republic of Korea and its 

principal place of business is 2F, Yaerim Publication Center, 153, Achasan-ro, 

Seongdong-gu, Seoul, Republic of Korea ( 133-832 ). 

2. The Republic ofKorea·s Ministry of Land, Infrastructure and Transport ("MOLIT'") is 

the air transport authority with regulatory jurisdiction over T'way Air. The address of 

the MOLIT is 11 Doum 6-ro, Government Complex-Sejong. Sejong-si, Republic of 

Korea (339-012). 

3. T'way Air requests expedited approval of this application in order to implement its plans 

to commence service between Seoul, Republic of Korea and Guam. On or about July 

15, 2015, T'way Air plans to introduce year-round scheduled foreign air transportation of 

persons, property, and mail between Seoul (ICN) and Guam (GUM), utilizing Boeing 

737-800 aircraft in an all-economy seating configuration. T'way Air plans to initially 

operate daily non-stop roundtrip service. T'way Air may offer service to other points in 

the United States with other aircraft from its fleet in the future. 
Application ofT'way Air Co., Ltd. 

Page 3 of6 

4. Tway Air has an experienced group of officers overseeing its operations. A list of the 

names, titles, addresses, and citizenship ofT' way Air's Board of Directors and key 

management personnel is attached hereto as Exhibit A. All ofthe directors and 

management personnel listed in Exhibit A are citizens of the Republic of Korea and, to 

the best of the Applicant's knowledge and belief, none are related by blood or marriage. 

(Pursuant to 14 C.F.R. § 302.12, T'way Air is requesting confidential treatment of the 

personal address information provided herein.) 

5. Information on the ownership ofT'way Air is attached hereto as Exhibit B. T'way Air 

is owned by Tway Holdings Inc. (81 .02%), Yearim Co., Ltd. (11.95%), Greenwich 

Partners Co., Ltd. (5.91 %), and other shareholders (1.12%). 

6. T'way Air does not hold any direct or indirect interest in any U.S. or foreign air carriers, 

nor does T'way Air have any interest in persons engaged in the business of aeronautics, 

or any common carrier, within the meaning of the Department's economic regulations. 

7. T'way Air is privately owned. It is neither wholly owned nor substantially controlled 

by the Government of the Republic of Korea. 

8. T'way Air·s insurance meets the requirements set tbrth in 14 C.F.R. Part 205. A copy 

ofT' way Air's Certificate of Insurance (OST Form 6411) is attached hereto as Exhibit C 

and the original will be filed with the Federal Aviation Administration. 

9. T'way Air has been licensed by the Republic of Korea to provide the services described 

herein. A copy ofT'way Air·s Operating Certificate, which has been granted lor an 

indelinite duration. is attached as Exhibit D. 

I 0. T'way Air is a low-cost airline based in Seoul. Republic of Korea. The airline started its 

Jirst domestic operation within the Republic of Korea in September 2010, with scheduled 
Application ofrway Air Co .. Ltd. 

Page 4 of6 

daily service between Gimpo and Jeju. In October 2011, the airline launched 

international service from Seoul, Republic of Korea, to Bangkok, Thailand, and 

subsequently expanded its services to many Asian destinations. Currently, T'way Air 

operates four domestic routes within the Republic of Korea that connect Jeju with the 

cities ofGimpo, Daegu, Gwangju and Muan. T'way Air also currently operates ten 

international routes to: Bangkok, Thailand; Fukuoka, Saga, Sapporo, Oita and Okinawa, 

Japan; Jinan, Haikou, and Nanning, People's Republic of China; and Taipei, Taiwan. In 

March 2015, T'way Air will add two additional routes: 1) between Seoul, Republic of 

Korea, and Osaka, Japan; and 2) between Daegu, Republic of Korea, and Shanghai, 

China. 

II. A list ofrway Air's fleet of aircraft is attached hereto as Exhibit E. Tway Air 

currently leases nine Boeing 737-800s, which it utilizes for the services described herein. 

In addition. rway Air anticipates accepting delivery of three Boeing 737-800s in late 

20 IS and two additional Boeing 73 7-800s in 2016, pursuant to a dry lease arrangement. 

12. Maintenance on T'way Air's aircraft is primarily performed by T'way Air at Gimpo 

International Airport in the Republic of Korea. T'way Air's maintenance procedures are 

regulated and approved by MOLIT and in compliance with the International Civil 

Aviation Organization's (fCAO's) pilots and airmen annexes I, 6 (Part 1) and 7. In 

addition. the Republic of Korea is a contracting state to the Convention on International 

Civil Aviation. 

13. There arc currently no cooperative arrangements or any other agreements in effect 

between T'way Air and any U.S. or foreign air carriers that would apply to the services 

that Tway Air proposes in this application. 
Application ofT'way Air Co., Ltd. 

Page 5 of6 

14. T'way Air has the financial resources to successfully operate the proposed services. 

The required financial summaries and auditor's reports for the company are attached 

hereto as Exhibit F. (The financial information provided herein is being filed 

confidentially under seal, pursuant to 14 C.F.R. § 302.12.) 

15. T'way Air does not receive any financial assistance from its home government. 

16. Forecasted traffic and financial results for the first full year of the proposed operations 

are attached hereto as Exhibit G. (Pursuant to 14 C.F.R. § 302.12, T'way Air requests 

conJidential treatment for this information.) 

17. The services proposed by T'way Air are consistent with the Air Transport Agreement 

Between the Government of the United States and the Government of the Republic of 

Korea. The U.S.-Korea Open Skies Agreement grants broad rights for both U.S. and 

Korean designated air carriers. T'way Air understands that the competent authorities of 

the Republic of Korea would authorize services similar to those requested herein for a 

U.S. air carrier under the Agreement, including Fifth-Freedom traffic rights, for both 

scheduled and charter operations. T'way Air anticipates that the Government of the 

Republic of Korea will transmit a note formally designating T'way Air in the near future. 

18. T'way Air has not been involved in any fatal accidents or tariff violations in the past five 

years. T'way Air has been involved in the following safety-related violations: I) 

operation of a flight in adverse weather conditions, resulting in the flight being returned 

to its departure airport (February 24, 20 12); 2) operation of a flight with a malfunctioning 

cabin pressurization device (April 26, 20 12): 3) operation of a flight exceeding the 

required weights and balances (November 23, 2012); and 4) seating a passenger under the 

age of 15 years in an emergency exit row (July 28. 2014). 
Application ofT'way Air Co., Ltd. 

Page 6 of6 

19. T'way Air has executed a Warsaw Convention Liability Waiver (OST Form 4523), 

which is attached hereto as Exhibit H. 

20. T'way Air is fit, willing and able to perform the services for which the authority 

requested herein is sought. Moreover, T'way Air will comply with the Department's 

rules, regulations and applicable statutes, and will accept and comply with the 

Department's standard terms and conditions imposed on foreign air carrier exemptions 

and foreign air carrier permits lor scheduled and charter air services. 

WHEREFORE, based upon the foregoing information, T'way Air respectfully requests that 

the Department approve this application and issue an exemption and a foreign air carrier permit 

authorizing the scheduled and charter air transportation of persons, property and mail as more 

fully described herein. rway Air further requests that the Department grant such other or 

additional relief as it considers consistent with this Application and the public interest. 

Respectfully submitted, 

~[,{~ 

David Heffernan 

Cozen O'Connor 

The Army and Navy Building 

1627 I Street, NW 

Suite II 00 

Washington, D.C. 20006 

Phone: (202) 463·2537 

Emai I: dheffeman@cozen.com 

Counsel for 

T'WAY AIR CO., LTD. 
Exhibit A. 

Exhibit B. 

Exhibit C. 

Exhibit D. 

Exhibit E. 

Exhibit F. 

Exhibit G. 

Exhibit I I. 

TABLE OF EXHIBITS 

Board of Directors & Key Management Personnel 

Ownership ofT'way Air 

Certiticate of Insurance (OST Form 641 1) 

Air Operating Certificate 

List of Aircraft 

Financial Summary 

Traflic and Financial Forecast 

Waiver of Warsaw Convention Liability Limits (OST Form 4523) 
EXHIBIT A 

Board of Directors & Key Management Personnel 
Board and Directors 

Name Title Nationality Address 

1-lahm Chul-1-lo Chairman ofthe Board & Director Korean Residential Address: 

REDACTED 

Business Address: 

210, 1-laneul-gil, 

Gangseo-gu, Seoul 

Jeong 1-long-Geun Director Korean Residential Address: 

REDACTED 

Business Address: 

21 0, 1-laneul-gil, 

Gangseo-gu, Seoul 

Hwang Jeong Hyeon Director/CEO ofTway Holdings Korean Residential Address: 

REDACTED 

Business Address: 

153, Achasan-ro, 

Seongdong-gu, Seoul 

Kim 1-lyung Yi Director Korean Residential Address: 

REDACTED 

Business Address: 

21 0, 1-laneul-gil, 

Gangseo-gu, Seou I 

Park II Seong Director Korean Residential Address: 

I REDACTED 

Business Address: 

153, Achasan-ro, 

Seongdong-gu,Seoul 

Wee Sae Wook Auditor Korean Residential Address: 

REDACTED 

Business Address: 

I 002, 14-8, Tehcran-ro 78-

gil, Gangnam-gu, Seoul 
Key Management Personnel 

Name Title Nationality Address 

Hahm Chui*Ho President & CEO Korean Residential Address: 

REDACTED 

Business Address: 

210, Haneul-gil, 

Gangseo-gu, Seoul 

Jeong Hong-Geun Head of Sales & Service Division Korean Residential Address: 

REDACTED 

Business Address: 

210, Haneul-gil, 

Gangseo-gu, Seoul 

Kim Hyung Yi Head of Strategy & Planning Korean Residential Address: 

Department 

REDACTED 

Business Address: 

210, Haneul-gil, 

Gangseo-gu, Seoul 

Kim Soo Dong Head of Maintenance & Engineering Korean Residential Address: 

Division 

REDACTED 

Business Address: 

210, Haneul-gil, 

Gangseo-gu, Seoul 

Kim Kuk Wan Head of Flight Operations Division Korean Residential Address: 

REDACTED 

Business Address: 

210, Haneul-gil, 

Gangseo-gu, Seoul 

Shin K wang Jae Head of Operations Control Center/ Korean Residential Address: 

Head of Cabin Service Division 

REDACTED 

Business Address: 

21 0, Haneul-gil, 

Gangseo-gu, Seoul 
Cho Jae Chang I lead of Management & Support Korean Residential Address: 

Division 

REDACTED 

Business Address: 

21 0, Haneul-gil, 

Gangseo-gu, Seoul 

Choi Soo Young Head of Domestic Sales Office Korean Residential Address: 

REDACTED 

Business Address: 

210, l-laneul-gil, Gangseogu, Seoul 

Lim Yean Tack Head of Safety & Security Korean Residential Address: 

Department 

REDACTED 

Business Address: 

21 0, 1-ianeul-gil, Gangseogu, Seoul 

Lim Si Young I lead of Flight Crew Operations/ Korean Residential Address: 

Chief Pilot I 

REDACTED 

Business Address: 

210, 1-Ianeul-gil, 

Gangseo-gu, Seoul 

Cho Jae Hwang Head of Flight Operations Quality/ Korean Residential Address: 

Chief Inspector 

REDACTED 

Business Address: 

21 0, l-lancul-gi I, 

Gangseo-gu, Seoul 
EXHIBITB 

Ownership of T'way Air 
Ownership of T'way Air 

Shareholders Nationality O/f, 

Tway Holdings Inc. KOREA 81.02% 

YEARIM Co., Ltd. KOREA 11.95% 

Greenwich Partners Co., Ltd. KOREA 5.9 )% 

Shareholders of less than I% KOREA l.l2% 

Total 100.0% 
EXHIBITC 

Certificate of Insurance (OST Form 6411) 
THIS CERTIFICATE CANCELS AND REPLACES ANY PREDATED CERTIFICATE (OST FORM) ISSUED ON BEHALF OF THE INSURED 

NAMED BELOW. 

Reference: 

AGENCY DISPLAY OF ESTIMATED BURDEN 

Office of the Secrclary 

of Transportation 

The public reporting burden lor this collecl:oo cllnlormatlon Is esllrna:ed lo average 30 rr.!nutes per response. II you wish lo 

commar.l on tho aa:crocy or lhe estimate or make suggestions lor reducing this burden, pleoR d:retl \'OUr oommenls lo: U.S. 

Department of Transpor!at'on, Office or Avlal;un Anlllys!s, X·56, 400 7''' St., SW, Washington, D.C. 20590. Acrorelng 10 the 

Paperwork Redccfon Act ol 1995, no persons are requile</ lo respond lo 11 cot:eclion or Jnfom~a!lon unless II d~p ays a valle OMB 

conlrol number. 

NOTE: For ln~m311on on where 10 me corr.plcled coplos of this foon, see FlUNG IHSTRUCTIONS below. 

OMa No. 21()6.()()30 Expires 2·28·2011 

FOREIGN AIR CARRIERS- CERTIFICATE OF INSURANCE 

POLICIES OF INSURANCE FOR AIRCRAFT ACCIDENT BODILY INJURY 

AND PROPERTY DAMAGE LIABILITY 

FiliNG INSTRUCTIONS: FHe a signed olfglnal or this rorm wltll the Federal AvlaUon Administration, Air Transporta11on Olv., AFS·260, BOO Independence 

Ave., S.W., Washington, D.C. 20591. (See EXCEPTION below.) 

f:~EPTIQN: :r Sec!ion 2.A. t1 fiUcd in because the Insured Is a canadian Chorler Afr Ta~l Opemtor, 6!e an original or tills rorm with the U.S. Dopar1mont 

ol Tnmaportalion, Spedal Authorilies Division (X~6), 400 7'" Stmet, SW, Wnshl:l!Jlon, D.C. 20590 

(Please type infamJallon, except s/gnatums.) 

THIS CERTIFIES THAT: LIG INSURANCE CO. LTD 

(Name ollnsurer) 

has issued a policy or policies of Akcraft Liability Insurance to T'WAY AIR CO., LTD 

13TH FLOOR, OABONG TOWER, OACHJ-DONG, GANGNAMGU, SEOUL, KOREA FAA Certificate Number 

(Name, address an<l FAA CerUIIc:ate number or Insured Forelgo .Air Center) 

effective from 25'h June, 2014 until ten (10) days after written notice from the Insurer or carrier of the intent 

to tcrmlnc:~te coverage Is received by the Dcpartmenl ofTransportaUon. 

NOTE: Part 205 of the Department's Rcgulatlons does not allow !or ll predetermined termination dale, and a certificate showing such a 

dale Is unacceptable. 

1. The Insurer (Chock one} 

0 is licensed to issue aircraft Insurance pollcles in the United Slates; 

(E) Is licensed or approved by the government of SOUTH KOREA to Issue aircraft insurance policies, or 

D Is an approved surplus line Insurer In the State(s) of 

2. The lnsurer assumes, under the policy or poilcles listed below, alrcrart accident liability Insured to minimums at least equal to the 

following during operation, maintenance, or use of altcrah In "foreign air transportation" as that term Is defined 49 U.S.C. 40102. 

( Comptola soeticobte suction A B, or C bRiowJ: 

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

The aircraft covered by this po:Jcy have: (1) 30 or fewer passenger seals and a maxlmt:m payload capacity of 7,500 pounds or 

less: and/or (2.) a maximum authortzed taileof. weight ,on wheels or no more !han 35,000 pounds. (~Sl!!JJJlele seporalo or ~~ 

COV~f8QI! !!~ ~£Z{}.IOf2ri~l~}; 

0 Separate Covt~rages: Minimum Limif 

Policy No. Type of Liability Evchper::;cm Each Occurr&nce 

Com!!ined BodUy Injury (Exc:udlng Passengers othP.r 

than cargo attendants) and Prope~ Dom:~ge Ll:~bntty $75,000 S2,000,ooo·csee note) 

Passenger Bodily Injury 575,000 $75,000 x 75% of 

total number or passenger 

soats lnstatied in aircraft 

0 Com!>lned Coverage: This combined coverage Is a single limit of liab!l!ty for e:~ch oceurronce at leas: equal to the requited 

minimums staled above for bodily injury (excluding passengers), property damage, and passenger bodily ln)ury. 

Policy No. Amount of Covorogo U.S. Dollars 

0 Thls Policy covers CARGO operations only and excludes passenger liabi!i:Y Insurance. 

NOTE: II the aircraft covart!d by :his policy have more than 30 passenger seats or more than a maximum payload capacity of 

7,500 pounds. lho minimum limit per occurrence shall be $20,000.000 . OST Form 641 • 

'J~e! ~ !i! !i!~l ~ A1 :1101 W Sili!!~ Q/~IYUQ: I 009046/ 3a21b5eb-286b-43c4-97c6-1 e23aebbd4a 1 
0. FOREIGN AIR CARRIERS OPERATING SMALL AIRCRAFT 

Ttle <J!rcralt covered by this pol!cy arc SMALL AIRCRAFT (I.e., v.~th 60 or fewer passenger seats ~ with a maximum payload 

capacity of 18,00~ pounds or les~) . (Complete soparata or combined covonJge as Dppropriste): 

0 Separate Coverages: Minimum Limit 

Policy No. Tvao of Llsbilitv Each person Each Occurrence 

Combined Bodily Injury (Excluding Passengers other 

than cargo attendants) and Properoy Damage LlabiHy 5300,000 S2,DOO,OOO 

Passenger Bodily Injury 5300,000 S300,000 x 75% of 

tot:~ I number of 

passenger seats 

Installed In aircraft 

0 Combined Coverage: This combined coverage Is a single limit of liability for each oc:cunonce ill leils\ equul lo the required 

minimums stated above for bodily Injury (excluding pa!>sengers), property damage, and pauenger bodily Injury. 

Polley No. Amount of Coverogo U.S. Coll:~rs 

0 This poncy covers CARGO operations only and excludes passenger l;ab'llty Insurance. 

I I c. FOREIGN AIR CARRIERS OPERATING LARGE AIRCRAFT 

I The aircraft covered by this policy are !..ARGE AIRCRAFT (I.e., w:th more than 60 passenger seals or with a maximum payload I capacity of more than 161000 pounds). (Comploto soparolo or comb/nod coverege 11s approprlote): I 0 Separate Coverages: Minimum Limit I 

I 

l Policy No. Tyae of LiabilitY Eacll_jJ_erson Esch Occurrence 

i Combined Bodily njury (Excluding Passengers other 

than cargo attendants) and Property Damage Liability 5300,000 $20,000,000 

Passer.ger BodKy Injury $300,000 $3001000 x 75% of 

total number or 

passenger seals 

insta led in aircraft 

~ Combined Coverage: This combined cover119e Is a slnglo fim!t of liabil;ty for each occurronce at least equal to the required 

minimums stated above for bodUy Injury (exctudL1g passengers), property damage, and passenger bodUy 1:-tjury .. 

Polley No. 2014·2806540 Amount of Coverage AT LEAST THE REQUIRED 

MINIMUM STATED ABOVE 

0 This policy covers CARGO oper;atlons only and excludos passenger Jlabllty Insurance. 

3. The policy or policies listed fn this certificate lnsure(s) (Cfuu:k Onel: Make and Model FAA or Foreign F,eg 

Reolstrallon No. 

~ 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 add'l!onal pa;alf nccemry) 

4, Each policy listed In this certificate meets or exceeds the requirements In 14 CFR Part 205, 

l.IG Insurance Co .. Ltd. 

(Nilm~ of Insurer} (Name at Broker, It applicable} 

LIG Tower, 649-11, Yeoksam-dong, 

Gangnam-gu, Seoul, Korea 

(Addffi:SS) 

Seoul (Add1ess) 

(City, Sisti!, Ztp Code) (City, Stole, Zip Code) 

Ju-Gong Hur 

Contact (pernJn who can verity the atl~ctfven~ss ol the coverage} (Officer or aut/Jot/ztt:l represenrsti'llfl} 

82-2-6900-3099(82-Sq5;.9G4~ 

(Area Code, Phone Number) ~J2fFAXNumber) fA ~a CorJ~. Pt.:mo Numoer) (Ami Cod~. FAX Num~r) 

(Signa/uot, If iiPfl'M'U><:J / (Signature) 

January 20th, 2015j 

(Dale) (ODIC) 

I 009046 I 3a21b5eb-286b-43c4-97c6-ta23acbbd4a I 
EXHIBITD 

Air Operating Certificate 
-&- -aJ- ~ ·a A-1 

Air Operator Certificate ------- tll~t?J~ 

.;:-~ i5JI OJ.!JL 

RepUbliC of Korea 

Ministry of Land, Transport and Maritime Affairs 

1. {!_ ~;;'·~·l!~(AOC :"Jo.J: 

.AI]2011 - J\Oi it: 

:1. A~~ A~ '1](0pcralor Name): 8. Ail ~L Cfl \'l').j : 

(~'llll~1) )e-J'bt, T'way Air Co., Ltd. -8-"i:l 71? Part A007 1J-s 

Operational Poinr~ of Contact 

·•. AOC l!.J t:U(Type of AOCl '' "r ±(Operator Addrcc; ~) . Contact details. at which 

n ltll"t·rt'rltt'rlll'cll t\t'r C·clll'l"r J. A] /J'fiT ~{~-ii;'· 706- 1 I£ntS: · oo L L opcrattonal management can n lJ ·~! t.:J J::F.} LYJ omcstic Air Cetrricr be· contacted without undue 

0 Small Ccunuwrcial Air 1/·th, Tan:ltn Bl~ 'irrrl 't'cd<.c:;;nnb"Jg, delay, arc lic;tcd in OpSpec 

( ;angn:un-gu, Korea Trunsport Operator Part A007 

3 ~! ~1 !! :2:.CTclcphont>). 

02-6250-5900 

(). 1!lJ ~(Fax): 

02- 6250-5999 

7. E-mull : dvyoon@twavair.com 

9. oj ~\{jAi~ (9-)Ej~opH-.:g.oj f;)-JoLtlJ J :Li?.].:il ojoJJ :f!rcl¥1 5!.!: ~.:g.lt~ 

)~ -!!;- oJ 7 h~ ol].~<j 7~ ~1 .g_- ·sJ ,:r: {! J!~ ;(I] 'tl· A~ ~J- oJl uJ- c}- -BJ ;g ~% A~~ -~- -T is~ .£,.;g. 

<?]7}-!.:J ~ %% ~ ~ 1,1· 

This certificate certifies thul T'way Air co., Ltd. is authorized to perfonn 

commercial air operations, as defined in the attached operations 

specificCJtions, in accordance with the Operations l'vlanual and the Civil 

Aviation Act of the Republic of Korea and regulations and standards. 

10. oJ ~~.Ai~ J:£~ 9- '6J.E-~l ~AI AJ-~7cJ7.J EE~ .!f-K~}!CJ7-Jt-} tl!·~}·-6}.7-J 

o} t..J 15~:: ~- .!f-71 '7} -ft. f{ Y:f. 

This certificate is nol transferable and unless returned, suspended or 

revoked, shi.lll continue in effect until otherwise terminated. 

11. 'J.l .:;~ ~ .Aj·(Date of i~suc): 2011 ~J (yt'ar) 7~ (mnnth ) ~·Hday) 

Affair~ 
0 1-f.j 'i.l ~ ~ ttl§_ : 11 0111 2782046 

o ¥-:±: ( !1: ~nAn : ;.-1% ~- ~ AJ "'a% -r or :Xt1l-~ 1ss 

e,a T-%27}, oJl ifl ~¥1-~~r~ Ei 2'%') 

0 tB -51~ -fJ ~ : 2011. 4. 1. 

2013\! 2-Yll 22~ 
License of Air Transport Business 

Company name : T'way Air Co., LTD 

Representative name : Chui·Ho. Hahm 

Resident(Corporation) registration number: 110111-2782046 

Head office located at : 2nd floor, YeaRimPublication & Culture Center, 153 Achasan-ro, 

Seongdong·gu, Seoul. KOREA. 

Business Scope : lnternationai(Passenger, Cargo), Domestic 

Issue date of license : April 1" , 2011 

In accordance with Korea Civil Aeronautics Law, It 1s hereby certificate that License of 

International Air Transport Business. 

Februray 22, 2013 

Minister of Ministry of Land, Transport and Maritime Affairs 
EXHIBIT E 

List of Aircraft 
Type of aircraft Owned or Leased Registration Country of registration Name & Address of lessor 

P9 LEASING AIRCRAFT 

9737-800 Leased I-IL8232 Korea N0_2\(UK) LIMITED 

(602 Kingston Road London 

SW20 8DN United Kingdom) 

ADE MSN39448 

LEASING( IRELAND) 

9737-800 Leased HL8235 Korea LIMITED 

(53 Merrion Square, Dublin 2, 

Ireland) 

WILMINGTON TRUST SP 

SERVICES(DU8LIN) 

8737-800 Leased HL8237 Korea LIMITED c/o ILFC IRELAND 

LIMITED 

(7 Exchange Place, IFSC, Dublin 

I, Ireland) 

ACG ACQUISITION 

IRELAND II LIMITED 

8737-800 Leased HL8253 Korea (25/28 North Wall Quay, 

International Financial Services 

Center, Dublin \, Ireland) 

WILMINGTON TRUST SP 

SERVICES(DUBLIN) 

8737-800 Leased HL8268 Korea LIMITED c/o ILFC IRELAND 

LIMITED 

(7 Exchange Place, IFSC, Dublin 

I, Ireland) 

WILMINGTON TRUST SP 

SERVICES(DU8LIN) 

8737-800 Leased HL8294 Korea LIMITED c/o ILFC IRELAND 

LIMITED 

(7 Exchange Place, IFSC, Dublin 

I, Ireland) 

DAE LEASING(IRELAND) 

8737-800 Leased HL8000 Korea LIMITED 

(53 Merrion Square, Dublin 2, 

Ireland) 

JET-I 34899 LEASING 

9737-800 Leased HL8021 Korea LIMITED 

(West Pier, Dun Laoghaire, 

County Dublin, Ireland) 

ACG ACQUISITION 

IRELAND V LIMITED 

8737-800 Leased HL8024 Korea (25/28 North Wall Quay, 

International Financial Services 

Center, Dublin I, Ireland) 
EXHIBITF 

Financial Summary 

Filed Under Seal 

Confidential Treatment Requested 

Under 14 C.F.R. Section 302.12 
EXHIBIT G 

Traffic and Financial Forecast 

Filed Under Seal 

Confidential Treatment Requested 

Under 14 C.F.R. Section 302.12 
l H iAL\220.:16675\l 

EXHIBIT H 

Waiver of Warsaw Convention Liability Limits 

(OST Form 4523) 
e--- U.s. Department of Transportation 

Office of the Secretary of Transportation 

Docket OST 95-236 

AGREEMENT 

The undersigned carriers (hereinafter referred to as 'the Carriers") hereby agree as fol ows 

1. Each of the Carriers shall, effective May e, 1966, include the following In its conditions of carriage, inc uding tariffs embodying 

conditions of carnage filed by it with any govamment: 

"The Carrier shall avail itself of the limitation of liab llty provided In the Convention for the Unification of Certa'n Rules 

Relating to International Carriage by Air s:gned at Warsaw October 12th, 1929, or prov.ded n the sald Convent1on 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 ali 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 orig1n, 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 lega 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 lnlury of a passenger, 

avail itself of any defense under Article 20(1) of sa.d Convention or said Convenllon as amended by said Protocol. 

Nothing herein shal be deemed to affect the rights and liabilities of the Carrier with regard to any cia m 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 lime of delivery of the ticket. furnish to each passenger whose transportat'on is governed by the 

Conventlon, or the Convention as amended by the Hague Protocol, and by the special contract described .:n paragraph 1 , the fonowtng 

notice, which shall be printed in type at east as large as 1 0 point modem type and In ink contrasting with the stock on {l) each tlcket; (ii) 

a piece of paper either placed in the ticket envelope with the ticket or attached to the ticket; or (iiQ on the ~cket envelope; 

'ADVICE TO INTERNATIONAL PASSENGER ON LIMITATION OF LIABILITY 

Passengers on a journey involv1ng an ultimate destination or a stop in a country other than the country of ong"n are advised 

that the provisions of a treaty kno'Ml as the Warsaw Convention may be applicable to the entire journey, including any port·on 

entirely within the country of origin or destination. For such passengers on a journey to, from, or with an agreed stopp ng place In 

the UnUed States of America, the Convention and spacial contracts of carriage embodied in applicable tariHs provide that the 

liabilltyof , 

(certain IWA\( A!\< CO" LTI) I" 

((name of carrier) and certain other) carrrers 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 575,000 per passenger, and that th1S liability up to such limit shall not 

depend on negligence on the part of the carrier. For such passengers traveling by a carrier nota 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 imited In most cases to approx:malely 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 

aftectsd by any limitation of the carrier's liability under the Warsaw Convent'on or such special contracts of carriage. For further 

information please consult your airline or insurance company representative." 

3. (This Agreement was filed with the Civil Aeronautics Board of the United States. The Board approved it by Order E-23660, 

adopted May 13, 1966. The Agreement (Agreement 1 6900) became eftectlve May 16, 1966 On January t, 1985, this Agreement 

became the responsibility of the Department of Transportation (DOT) by operation ofJfW.J 

4. This Agreement may be signed in any number of counterparts, all of which slku constitlJ~~~YJ.l{J Rlrier may 

become a party to this Agreement by signing a counterpart hereof and depos ting It ~ili Plann in 1 Vice President 

5. Any Carr er party hereto may withdraw from this Agreement by giving twelvehJ.2) monWs'Jo\lflllen nqt:fe~f witbdr~walto DOT 

(Signaturo and Oato) • T. . - ""'tho""" c""'"' ,.,.,.,to tho Ag"""oot. . , . 1 ·way Atr 1-'0., L.ft: '1 tl ' "J t 

•Either attemative may bo usod (Printed Name and nue) Hff1N~ i \ k I H { \ 

OST Form 4523 (Formerly CAB Form 263) 

(N•~ ..... .,"''c.m .. , --r~:f!bti~ o>. 'le FLIG p~lb/-J su t2. ~ 

~f.llfTj 0~ A£, cA#h/b J JJAL 7 

21 P) HA~t:~L-Jeo) 6/tNq~-~Lf 

~lAt.\ tt.ort11 !/-. 

~~L 
Verification 

Pur:-.uant to Title H> Unit ell Statc1:i Colle Sct:liun 10()], I, Hung-Gcun J cung, in my 

individual capacity and a<; the authorized rcprc:-;cntative of the applicant, have not in any manner 

knowingly and willfully fal-;ifictl, com:calcll or failcu to disclose any rn <Hcrial lltcl or made any 

false. fictitious, or fraudulent statement or knowingly ed any documents which contain such 

statements in connection with the preparation, filing or prosecution of this application. [ 

understand that an individual who is found to have violated the provisions of 1M U.S.C. section 

1 !101 .,h,tll be flncd or imprisnneu not more than five years, or both. 

Hung-Gcun Jeong 

Head uf Sales all(] Sales Division 

T'way Air Co., Ltd. 
CERTIFICATE OF SERVICE 

r hereby certify that l have this date served a copy of the foregoing Application ofT'way 

Air Co., Ltd. by electronic mail upon the following: 

ABXAir: 

American Airlines: 

Amerijet lnt'l: 

Atlas Air: 

Delta Air Lines: 

Federal Aviation Administration: 

Federal Express: 

Hawaiian Airlines: 

Kalitta Air: 

Polar Air Cargo: 

Southern Air: 

United Airlines: 

United Parcel Service: 

Dated: February 2. 20 I 5 

U :GAL\22049233\1 

rsilverberg@sgbdc.com 

howard.kass@aa.com 

robert. wirick@aa.com 

abigail.donovan(a{aa.com 

jcannyr@amerijet.com 

roommerfW.atlasair.com 

sascha. vanderbellen@delta.com 

john.s.duncan@faa.gov 

nssparksr@ lcdex.com 

ccfelts(@fedcx.com 

gb I eopard(@, fed ex. com 

jhillwkoolev .com 

pcrkmannr'@.coolev .com 

psanderlin(@kalittaair.com 

kevin. montgomervr@po I arai rcanw. com 

al.!oerlichr@ggh-airlaw.com 

dan. weisswhmited.com 

steve.morrissev<@.united.com 

!..!murphv(@crowcll.com 

anita.mosnerr@hklaw.com 

Kenneth C. Hines