# L AW 

# O FFICE OF 

# J OHN 

# M IETUS

, LLC

6701 D EMOCRACY 

### B OULEVARD



### , S UITE 

### 300

B ETHESDA



### , MD 20817

- 7500

J OHN R. M IETUS

, J R

. ( 202) 747

- 5212

john@mietuslaw.com



### July 1 8 , 2014

BY ELECTRONIC MAIL

Ms

. Catherine O’Toole

Air Carrier Fitness Division

Department of Transportation

1200 New Jersey Avenue, SE

Washington, DC 20590

Re: Eastern Air Lines Group, Inc., Dockets OST

- 2014

- 0012/0013

Dear Ms. O’Toole:

By letter dated May 12, 2014, you requested certain information relating to

the above

- captioned applications. The responses of Eastern Air Lines Group, Inc.

(“Eastern” ) follow.

General Information

Eastern is attaching as Exhibit 8 the amended Pre

- Application Statement of

Intent (“PASI”) it filed with the Federal Aviation Administration on July 8 , 2014. It

is seeking a formal certification meeting with the FAA later this summer.

Eastern has filed the required copies of its Montreal Agreement counterpart,

its family assistance plan, and its passenger manifest plan in the appropriate

dockets. It also will shortly file its Contingency Plan for Lengthy Tarmac Delays

electronically with the Department

.

As planned, Eastern has obtained additional, private financing . A new,

majority stockholder has contributed $5 million in return for preferred stock, and

that stockholde r also has made available a $5 million line of credit. In addition, a

number of investors have invested a total of $2.5 million in return for common stock

through a private placement offering (“PPO”) that is now complete. An updated

affidavit of citizenship for Eastern , based on the following ownership and control

### Ms. Catherine O’Toole

Re: Eastern Air Lines Group, Inc.

July 1 8 , 2014

Page 2

information, is attached as Exhibit 9

. Eastern also amended and restated its

certificate of incorporation in connection with the PPO ( Exhibit 10 ).

T he majority of Eastern equity now i s held through a special purpose

company, VV

- DC Eastern Investments, LLC ; its Delaware certificate of formation is

attached as Exhibit 11

. Mr. Vince nt Viola, the founder of Virtu Financial, Inc.,

owns 85.07% of VV

- DC’s outstanding interests, and Mr. Dougl as A. Cifu, Virtu’s

Chief Executive Officer, owns 9.45% . T he company is managed by them and their

colleague, Matthew Caldwell

– their resumes are attached as Exhibit 12 and their

LLC Agreement as Confidential Exhibit D

-- and all managers and owners of VV

DC are U.S. citizens. In addition to its equity investment in Eastern ( see

Confidential Exhibit E ) , currently its sole asset , VV

- DC is making available to

Eastern a $5 million, secured line of credit ( Confidential Exhibit F ) that would be

funded by Mr. Viola ( see Confidential Exhibit G )

. Eastern will rely on this source of

capital, together with cash remain ing after certification is complete, to satisfy the

Department’s financial fitness test.

The PPO added 22 private investors and $2.5 million in capital. A copy of the

Amended and Restated Private Placement Memorandum dated May 28, 2014

, which includes the Subscription and Stockholder Agreement s, is being submitted

confidentially as Confidential Exhibit H

.

Ownership

Eastern’s Board of Directors now consists of five U.S. citizens:

Admiral William A. Owens (Ret.)

Joseph E. DaGrosa, Jr.

Edward J. Wegel

Vincent Viola

Douglas A. Cifu

### Ms. Catherine O’Toole

Re: Eastern Air Lines Group, Inc.

July 1 8 , 2014

Page 3

The applicant has issued two classes of stock , Series A preferred stock and common

stock, that vote together on stockholder issues. It has also issued and will issue

s everal types of warrants and options

. The c urrent stockholders are :

Stockholder/Group Voting percentage 1



### VV

- DC Eastern Investments, LLC 60.00%

1848 Skyworks LLC 16.61%

PPO Stock holders (together) 7.68%

ACPG LLC 6.99%

Edward Wegel 3.27%

Pitcairn Aviation LLC 2.33%

William Owens 1.12%

• Series A preferred stock is held only by VV

- DC. The preferred stock is

convertible to common stock, and its holders are entitled to appoint

two directors, to vote on any matter for which stockholders may vote,

and to a preference in liquidation, all as described in the Certificate of

Incorporation.

• Founding Eastern investors all hold common stock. 1848 Skyworks

LLC, ACPG LLC, and Pitcairn Aviation LLC are all affiliate d with

1848 Capital Partners, LLC . T hese entities, all formed in the U.S.,

invested a total of $1,450,000 in Eastern, and 1848 Capital Partners is

entitled to appoint one director and to enjoy certain minority investor

protec tions. Messrs. Wegel and Owens , part of the founding investor

group, also hold common stock individually.

Of the founding investors, only 1848 Skyworks LLC today holds more

than 10% of Eastern’s outstanding voting stock

. Control of 1848

Capital Partners, which manages 1848 Skyworks and its owners

1 These percentages reflect the issuance of as

- yet

- unexercised warrants to financiers Credit

Agricole and Raymond James & Associates, Inc. that would account for 2% of diluted voting

stock.

### Ms. Catherine O’Toole

Re: Eastern Air Lines Group, Inc.

July 1 8 , 2014

Page 4

1848 Aviation Partners, LLC and 1848 Blueco, LLC, was described in

the original application. A listing of the 10%+ owners of those two

entities follows:

1848 Aviation Partne rs (86.5% of Skyworks)

1848 Capital Partners 80%

Thomas Staz (via trust) 16%

1848 Blueco (13.5% of Skyworks)

PIMCO Investment (US), Inc. 21%

Kitchens Family Investments, LLC 11%

Jim Sheridan 10%

The remaining interests in Blueco are distributed among 33

individuals and entities , none of which owns more than 6.3% of Blueco.

W ith the exception of the PIMCO fund ( managed by Pacific Investment

Management Company, a subsidiary of Allianz SE of Germany),

Eastern understands that the indivi duals and entities named in this

founding investor paragraph are all U.S. citizens.

• The 18 individuals and four entities who subscribed to common stock

in connection with the PPO together hold 7. 68 % of Eas tern’s

outstanding voting stock. None of the PPO stockholders individually

holds mor e than 1.5 4 % of outstanding voting stock.

• Warrants for common stock have been issued t o the estate of the legacy

Eastern Air Lines and , as noted above, to f inanciers Credit Agricole

and Raymond James & Associates, Inc

. Eastern expects to issue

i ncentive options to Mr. Wegel and to other Eastern managers.

T he Stockholders Agreement, to which all equity holders are bound, currently

limits the transferability of Eastern stock. However, Eastern intends to register its

common stock with the Securities and Exchange Commission so as to provide

liquidity for the common stock. Before that occurs, Eastern intends to further

amend its certificate of incorporation to include protections against non

- U.S.

citizens acquiring inte rests beyond the numerical limits of Federal aviation law.

### Ms. Catherine O’Toole

Re: Eastern Air Lines Group, Inc.

July 1 8 , 2014

Page 5

Management

A list of current key management and technical personnel (other than

members of the Board ) follows

. A ll are U.S. citizens, and resumes for new members

added since the original application (marked *) are included in Exhibit 13

. 2 

### The

new Eastern directors and Eastern key personnel , and the VV

- DC officers,

identified herein have no information of the types described in sections 204.3

(l,m,o,p ) to report.

Edward J. Wegel, President and Chief Executive Officer

James R. Tolzien, Chief Financial Officer

Daniel Stone, Chief Technical Officer (Maintenance and Technical Services)

John Furneaux, Vice President, Flight Operations*

Terry C. Austin , Director of Safet y*

Deborah Ann Aragona, Director of Inflight*

Alan Brandon, Chief Pilot*

Keith M. Gibson, Director, Operations Control Center*

Terry Lee Pentecost, Director Quality Control *

FAA certificate numbers for key personnel are listed in Confidential Exhibit I

.

Operations and Financial Position

Eastern anticipates that all of its initial charter operations wil l be governed

by ACMI contracts that will rely on the charterer to pay for fuel, landing fees,

ground handling, and all expenses other than aircraft, crew , maintenance and

insurance. The carrier has not yet developed a standard charter contract.

The Department inquired about several elements of Eastern’s financial

projections. Eastern confirms that it continues to use a start date of January 1,

2015 for its internal projections. It is submitting an upd ated estimate of start

- up

costs as Exhibit 14 . Forecast $100,000 start

- up expenses shown for June and

December 2015 reflect one

- time costs associated with adding a second and third

aircraft to Eastern’s fleet. Finally, no liabilities are shown on its forecast balance

sheet because the financials were projected on a cash basis.

In May 2014 Eastern announced an order from Boeing for ten Next

Generation Boeing 737

- 800 aircraft and purchase rights for ten Boeing MAX 8

aircraft. Deliveries are not expected before 2017; t hus, Eastern intends to begin

2 Eastern has eliminated t he position of Chief Operating Officer.

### Ms. Catherine O’Toole

Re: Eastern Air Lines Group, Inc.

July 1 8 , 2014

Page 7

Confidential Exhibits (filed under seal with a motion for confidential treatment )

D: VV

- DC LLC Agreement

E: VV

- DC Subscription Agreement

F: VV

- DC Senior Secured Note and Security Agreement

G: Vincent Viola commitment letter and third

- party funds verification

H: Private Placement Memorandum

(incl. Subscription Agreemen t and Stockholders Agreement)

(excl. Amended Certificate of Incorporation above)

I: Restated list of individual FAA certificate numbers

cc: Pat McLaughlin, Manager, South Florida Certificate Management Office, FAA

### Eastern Air Lines

Exhibit 8

(2 pages)

### Eastern Air Lines

Exhibit 9

(1 page)

### Eastern Air Lines

Exhibit 10

(28 pages)

### Eastern Air Lines

Exhibit 11

(2 pages)

## Vincent Viola

575 Madison Avenue

New York, NY 10022



### A highly experienced finance and operating executive with over 30 years of experience in

running large financial organizations, as well as founding new companies. A military veteran

with solid leadership and management skills with extensive board room experience.



## Professional Experience:

2013

- Present Chairman and Principal O wner

Florida Panthers, a National Hockey League Franchise

2008

- Pres ent Founder and Chief Executive Officer

Virtu Finan cial

- a leading electronic trading firm and market maker on

numerous exchanges and electronic marketplaces in equities, fixed income,

currencies and commodities.

2002 Foun der

Combating Terrorism Center, USMA/West Point

2001

- 2004 Ch airman

New York Mercantile Exchange

New York, NY

1996

- Pres ent Founder and Principal Owner

Independent Banking Group

Houston, Texas

1993

- 1996 Vic e Chairman

New York Mercantile Exchange

New York, NY

1983

- 1993 Fl oor Trader and Member

New York Mercantile Exchange

New York, NY



## Education:

1974

- 1977 Bachelor of Science

United States Military Academy (West Point)

• US Army Airborne, Infantry and Ranger Schools

1980

- 1983 Ju ris Doctor

New York law School New York, NY 

### Eastern Air Lines

Exhibit 12

(3 pages)

## Douglas A. Cifu

575 Madison Avenue

New York, NY 10022



### A highly s killed transaction attorney with 18 years of experience in the legal profession,

combined with operating management experience gained over the past seven years with a

major US based financial institution.



## Professional Experiences :

2013

- Pres ent

- Vice Chairman and Shareholder

Florida Panthers, a National Hockey League Franchise

2008

- 2013

- Co

- Founder, Vice Chairman

Virtu Financial

- a leading electronic trading firm and market maker on

numerous exchanges and electronic marketplaces in equities, fixed income,

currencies and commodities.

2013

- Pres ent

- President and Chief Operating Officer

Virtu Financial

1990

- 2008

- Associate / Partner

Law Firm of Paul, Weiss, Rifkind, Wharton and Garrison LLP

• Member of Management Committee

• Deputy Chairman, Corporate Department

• Co

- Head, Private Equity G roup



## Education:

1984

- 1987 Bachelor of Arts

Columbia University

, New York, NY

Magna cum Laude

1987

- 1990 J uris Doctor

Columbia University, New York, NY

## Matthew Caldwell

Professional Experience:

201 4

- Present Managing Director

Virtu Management

– lead family office efforts for Eastern board members

– Vincent Viola and Doug Cifu

2010

- 2014 Vi ce President

Goldman Sachs & Co.

- a leading financial services firm

2007

- 2010 JD /MBA Candidate

Northwestern University

2002

- 200 7 Ca ptain

US Army

– led platoons of twenty and forty soldiers in Germany, Iraq, and

Kosovo.



## Education:

1998

- 2002 Bachelor of Science

United States Military Academy (West Point)

2007

- 2010 Ju ris Doctor

Northwestern University School of Law

Master of Business Administration

Kellogg School of Management at Northwestern University

### John N. Furneaux

**Objecti ve** 

**Aircraf t Operational and Development Position** 



### Educat **ion**

**University of Colorado, Boulder, Colora**  **do** 1967

- 1969

**Western Washington State University, Bellingham, Washington** 1969

- 1971

Bachelors of Arts and Science

Political Science Major

Statistics Minor



### Current/Qualifications

Current Medical Certificate First Class

Pilot A- 320

Check Airman

Standards Check Airman

Airline Program Designee

Head of Aircraft Acceptance (New Aircraft) and Maintenance Test Pilots, US Airways

Member of the US Airways Go Team (incident/accident response)

Last Simulator Annual AQP Check

– 7 December, 2013

Last Line Check

– 20 March, 2014

Last 3 TOLs

- 18 March. 2014



### Enrichment

Airline Upset Training Roswell, New Mexico

Airbus Operations Meetings

ATA Advanced Navigation Symposium



### PROFESSIONAL EXPERIENCES

**Chief Pilo t USAirways Test Pilot Division**  2006

- 2014

• Manager o f flight test operations for new aircraft acquisitions

• Manager of inspections for new aircraft acquisitions

• Manager of maintenance test flight operations

• Created training curriculum for maintenance test

• Created procedural development for test and accept ance flights

• Daily oversight of maintenance test flights and delivery/ferry flights

**US Airway**  **s Pilot/Check Airman** 1983

- 2014

• Pilot

- Boeing 737 & Airbus 320

• Check Airman 737 & Airbus 320

• APD Boeing 737 & Airbus 320

• Manager of Airbus New Aircraft Acceptance Team (France & Germany)

o Head of US Airways Acceptance of New Aircraft and Maintenance Test Pilot Program

o Procedural Development for Test and Acceptance Flights

• Initial Development Team Leader Airbus I/E CQT 

### Eastern Air Lines

Exhibit 13

(11 pages)• Standards Committees Airbus and 737

o Developed and administered Initial Check

- Pilot Training and Annual Training (IECQT)

• Manager of Initial AQP (Advanced Qualification Program) Development Team for US Airways

o Worked closely with local (Pittsburgh) FAA and AFS 230 in Washington D.C.

o Manager of US Airways AQP certification by FAA (AFS 230)

o Manager of US Airways Airbus program into AQP

• FAA Inspection Augmentation Team Member

• US Airways Representative to Air Transport Association

- Advanced Navigation Committee in

Washington D.C.

• Member Aircraft Purchase/Delivery Boeing 737

• Liaison for NTSB Investigation Teams

o Investigation of Boeing 737 Accident, near Pittsburgh, 1994

o Ran 737 simulator fo r event recreation for NTSB Teams

• Contributing Editor for Operations Monthly News, 737

• Contributor, Airbus Training Programs Curricula

**Air Florida Pilot** 1980

- 1983

**Unite d States Air Force Pilot/Instructor Pilot F** 

**- 4 & F** 

**- 15**  1971

- 1980

• F- 15 Instructor Pilot

• F- 4 Instructor Pilot

• Training Program Eval uator

• Training Program Developer

• Foreign Military Liaison, F

- 15

o German Air Traffic Control

o IAF

• Demonstration Pilot F

- 15 (Europe)

• Member, 1976 AFCE Competition Winning Team

• USAF Instructor Pilot Training 1978

• Tactical Fighter Training F

- 15 1976

• Tactical Fig hter Training F

- 4 1973

• US Air Force Pilot Training 1971

- 1972



### Expertise/Experience

Language: Conversationally Fluent in French and German

Computer

- Literature: Microsoft Word, Excel, PowerPoint, and Outlook

El Salvador Frequent visits for Maintenance Test and Delivery

Germany 5 years as USAF pilot

Switzerland, Boarding School, High School 3 years

France 1 year High SchoolDEBORAH ANN ARAGONA

RESUME

WORK HISTORY

Easter n Air Lines Group, Inc. May 2014

- present

Director of Inflight

Seaborne Airlines Jul. 2013

- May 2014

Inflight Manager

REDjet Air lines Oct. 2010

- Jun. 2012

Cabin Crew Manager

Air Tra nsportation Business Development Dec. 2005

- present

Training Consultant; airline clients include Delta/Compass, JetBlue, Skybus, Spirit, and TWA

EDUCATION

B.S. Education and English Communica tions , Pennsylvania State UniversityALAN CRAIG BRANDON

RESUME

WORK HISTORY

Easter n Air Lines Jun

. 2014

- present

Chief Pilot

Aersale, I nc./Sky King May 2014

- Jun

. 2014

Director of Flight Operations

Vision Air lines Jan. 2012

- Mar. 2013

Director of Flight Operations

The Alof t Group, LLC Apr. 2011

- Jan. 2012

Airline Operations Expert

Air Tra nsport International, LLC Jan. 2005

- Jan. 2011

Vice President, Operations

Chief Pilot

North Am erican Airlines Nov. 2001

- Dec. 2004

Director of Flight Operations

B767 Project Mana ger

Director of Training

ProAir D ec. 2000

- May 2001

Senior Vice President, Operations

Tower Air A pr. 1994

- Nov. 2000

Vice President of Operations

Chief Pilot B747

Line Pilot and F/O

Air Tra nsport International, LLC Sep. 1993

- Apr. 1994

DC

- 8 Captain

Tower Air J an. 1993

- Sep. 1993

B747 F/O

Patrio t Airlines Jan. 1992

- Oct. 1992

Director of Flight Operations

Grand Atl antic Airways Jul. 1991

- Jan. 1992

Chief Pilot B737

Emery Worldwide Airlines Oct. 1989

- Jul. 1991

Directo r of OperationsMGM Grand A ir Feb. 1987

- Oct. 1989

Vice President, Operations and Maintenance

Internat ional Parcel Express Apr. 1986

- Feb. 1987

DC

- 8 Captain

World Avi ation Group Dec. 1978

- Mar. 1986

Consultant and Partner

Capito l Air (Smyrna, TN) Jun. 1979

- Dec. 1984

Director of Flying

Sunland Air lines Dec. 1978

- Jun. 1979

B737 Chief Pilot

I nternati onal Air Bahamas Oct. 1976

- Dec. 1978

DC

- 8/B

- 747 Captain

Evergr een International Airlines Jul. 1975

- Oct. 1976

DC

- 8 Captain

Brent’s International Pty. Ltd. May 1975

- Jan. 1978

Part owner and part

- time pilot

Eureka A eroIndustries Mar. 1973

- May 1975

Part 135 Pilot

World Air ways Feb. 1972

- Mar. 1973

B- 727 F/O

STOLAI R (San Francisco) Jun. 1971

- Feb. 1972

Chief P ilot

Reindeer Air Services, Ltd. (Inuvik, Canada) May 1970

- May 1971

Bush Pilot

Various A viation Employers (during college) Sept. 1966

- May 1970

Weather Modification Pilot, Crop Duster, International Ferry Pilot, Special Projects Pilot, Skydirver, Air

Show Aerobatic Performer, Aircraft Mechanic

EDUCATION

Kansas State University, Wichita State UniversityTERRY LEE PENTECOST

RESUME

WORK HISTORY

Eas tern A ir Lines Group, Inc. Jun . 2014

- present

Director of Quality Control

World Atl antic Airlines Jan. 2013

- Jun. 2014

Director of Quality

Silver Airw ays Dec. 2011

- Jan. 2013

Director of Quality Control

Executi ve Airlines Sep. 2008

- Dec. 2011

Director of Quality Control

Director of Maintenance

America n Eagle/American Airlines Dec. 1998

- Sep. 2008

Quality Control M anager

Director of Maintenance, Part 145 Repair Station

Maintenance Director

Heavy Maintenance Supervisor

Bombardier Regional Jet and SAAB Program Manager

Maintenance Base Manager

– SJU

Reliability Technical Analyst

Busines s Express Airlines Dec. 1997

- Dec. 1998

Component Repair Manager

U.S. Ai r Force (retired) Feb. 1977

- Feb. 1997

First Sergeant

Maintenance Flight Chief

Heavy Check Manager

Transient Alert/Crash Recovery Manager

Flight Line Expediter/Supervisor

Aircraft Mechanic

EDUCATION

B.S . Professional Aeronautics, Embry

- Riddle Aeronautical (1997)StartUpCosts2014201420142014201420142014201420142014March AprilMayJuneJulyAugust September October November DecemberTotalStartUpSummaryExpensesincl.10%Contingency00204,668232,006276,787302,799341,976630,861885,594890,5944,032,905Depositsetc.0000275,000275,00025,00025,000250,0000850,000MonthlyTotal00204,668232,006551,787577,799366,976655,861 1,135,594890,5944,882,905CumulativeTotal2,060 267,620472,288704,294 1,256,081 1,833,879 2,200,856 2,856,717 3,992,311 4,882,905CorporateStaff113591115181919PersonnelSalariesCEO1 15000 150000015,00015,00015,00015,00015,00015,00015,00015,000FlightOperationsVP‐FlightOps/DirectorofOps1 12500 1250010,00010,00010,00010,00012,50012,50012,500ChiefPilot1 9166 91664,5839,1669,1669,1669,1669,166DirectorofSafety1 8500 85008,5008,5008,5008,5008,5008,500Director‐InFlight1 5500 75007,5007,5007,5007,5007,5007,500Director‐SOC(SystemControl)1 7500 75007,5007,5007,5007,500FlightDispatch1 3500 35006,0006,0006,000MaintenanceVP‐TechOpsandDirofMaintenance1 12500 1250010,00010,00010,00010,00010,00012,50012,50012,500ChiefInspector1 7500 75007,5007,5007,5007,5007,5007,500Manager‐MaintenanceControl1 7000 70007,0007,0007,0007,000CASSQAAudit1 4500 45004,5004,5004,500Marketing1 12500 125004,0004,0004,0004,0004,0004,0004,0004,0001 5000 5000StationOperations1 8500 85008,5008,5008,5008,5001 5000 50005,0005,000CFO1 10000 1000012,50012,50012,50012,50012,50012,50012,500Controller1 5000 50005,0005,0005,000ITSystems(CCIT)1 10000 125005,0005,0005,0005,0005,0001 4000 10000HR/Administration1 8500 85007,5007,5007,5007,5007,5002 5000 50005,0005,0005,0005,00022 100% 1771660029,00051,50079,58396,666124,666145,166150,166150,166826,913Payrolltaxes@10%7,9589,66712,46714,51715,01715,01774,641Benefitsat$1kpp9,00011,00015,00018,00019,00019,00091,0000029,00051,50096,541117,333152,133177,683184,183184,183992,554CORPORATE(DetailinCorporateSheet)Expenses0015,10917,44618,62918,84919,48119,86621,40621,406152,191Rent2,0602,0602,0602,0605,6185,6189,3639,3639,3639,36356,924ITSoftware005,00010,00010,00010,00010,00015,00015,00015,00090,000Travel05,0005,00010,00010,00015,00015,00020,00020,00025,000125,000Directors&OfficersInsurance0 11,0006,0006,0006,0006,0006,0006,0006,0006,00059,000EasternBrandDevelopmentandSponsorships0 150,00025,00025,00025,00025,00025,00015,00015,00015,000320,0002,060 168,06058,16870,50675,24680,46684,84485,22986,76991,769803,115TotalCorporateandSalaries2,060 168,06087,168122,006171,787197,799236,976262,911270,951275,951 1,795,669Legal/DOTandAircraftLease25,0000 15,00015,00015,00010,00010,00010,00010,00010,00010,000105,000HRConsultants20,00020,00020,00020,00020,00010,00010,00010,000130,000DOTConsultantsExpenses0 82,50082,50075,00075,00075,00075,00075,00075,00075,000690,0000 97,500117,500110,000105,000105,000105,00095,00095,00095,000925,000FlightOps.TrainingSalaries(ExclBenefits)CheckAirmen3 8500 25,500Captains7 7000 49,000F/Os0 7000 0F/As20 2200 44,000Sked/Dispatch2 4000 8,000Maintanance2 4000 8,00034100.0%134,500134,500134,500134,500403,500Payrolltaxes(@10%)000000013,45013,45013,45040,350Benefits(@$!kpp)000000000147,950147,950147,950443,850FlightOperationsTrainingPilotF/ATrainingGround&Simulator200000 25000112,500112,500225,000Eastern Air LinesExhibit 14(2 pages)TrainingFlights45 400090,00090,000180,000TrainingMaintenance12,50012,50025,000AircraftLease250000125,000250,000375,000AircraftInsurance‐Hull32000000 160000 16000013,33313,33326,667LiabilityInsurance162 1360 22032018,36018,36036,7200000000125,000371,693371,693868,387TotalExpenses2,060 265,560204,668232,006276,787302,799341,976630,861885,594890,594 4,032,905AircraftDeposits3months 220000250,000250,000250,000750,000OtherDeposits25,00025,00025,00025,000100,000TOTALDEPOSITS0000275,000275,00025,00025,000250,0000850,000TOTALEXPENSES&DEPOSITS2,060 265,560204,668232,006551,787577,799366,976655,861 1,135,594890,594 4,882,905StartUpSummaryExpenses2,060 265,560204,668232,006276,787302,799341,976630,861885,594890,594 4,032,905Depositsetc.0000275,000275,00025,00025,000250,0000850,000MonthlyTotal2,060 265,560204,668232,006551,787577,799366,976655,861 1,135,594890,5944,882,905CumulativeTotal2,060 267,620472,288704,294 1,256,081 1,833,879 2,200,856 2,856,717 3,992,311 4,882,905

### Eastern Air Lines

Exhibit 15

(1 page)