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

October 29, 2014

Mr. John Swasey President Exec Air, Inc. ofNaples 160 13th StreetNW Naples, FL 34120 DearMr. Swasey: 'i'. 1200 New Jersey Avenue SE Washington DC 20590

This letteris inreference to the application ofExec Air, Inc. ofNaples ("Exec Air") filed in DocketDOT-OST-2014-0149 on August 21, 2014. We have completed ourreview ofthe information Exec Air has filed 

### in support ofits request for commuter authority and find several areas where the information is deficient and has revealed the need for additional and/orclarifying informationbefore we can completeprocessing Exec Air's application. The attached Information Request lists the areas where further and/or clarification informationisnecessary. I askthat yourespond fully to this request within 30 days ofthe date ofthis letter. We note that it is not our policy to keep incomplete applications open indefinitely. If we do not receive the information in the time period specified, we intend to dismiss Exec Air's application withoutprejudice. You may upload your response via the web atwww.regulations.gov, or youmay mail your response to U.S. Department ofTransportation Dockets, West Building, GroundFloor, (M30, Room W12-140), 1200 New Jersey Avenue SE, Washington, D.C. 20590. In either case, yourresponse shouldbe filed inDocketDOT-OST-2014-0149. As is the Department's practice, further processing of Exec Air's application will be deferredpendingreceipt ofthis material. In addition, please remember that Exec Air should promptly provide the Department with any information regarding changes it may undergo in areas affecting its fitness 

### (i.e., management, operating plans or· financial condition, compliance disposition, or ownership) while its applicationis underreviewbythe Department.2 Ifyou have any questions regarding this letter, please feel free to contact Katy O'Toole of my staffat (202)-366-9721 or Catherine.O'Toole@dot.gov.

Chief, Air Carrier Fitness Division Office ofAviationAnalysis

cc: DocketDOT-OST-2014-0149 Ms. Helene Porche POI for Exec Air, Inc.Please provide thefollowing: 

## Information Request Exec Air, Inc. ofNaples

1. The balance sheet Exec Air provided in its application is dated December 2007. A copy ofExec Air's balance sheet, current to within 3 months ofthe date ofthis letter is required. Additionally, please provide a forecast balance sheet for the first normal year ending afterthe initially proposed operations have been incorporated. 2. A current (within 3 months) income statement for Exec Air. 3. Income Statements for Exec Air for the past three calendar or fiscal years. Please do notprovide U.S. Income Tax statements. 4. A resume for stockholder Tom Parent. Please identify his citizenship and supply compliance history information as required by sections 204.3(1), (m), (o), and (p) ofour rules. Please address the following questions: 5. Mr. Jeremy Vandersluis' resume indicates he is a contract pilot, a flight instructor, and also a Captain for 3 separate airlines. IfExec Air is granted commuter authority, does Mr. Vandersluis intendto remain inthese additional positions? 6. Exec Air's business plan calls for the operation of one aircraft. Operations for scheduled service must continue on schedule even when the aircraft has mechanical problems. What is Exec Air's contingency plan to maintain operations when the aircraft isnot operational? 7. A grant ofcommuter authority also requires the air carrier to file BTS Form 298-C, A Report ofFinancial and Operating Statistics for Small Aircraft Operators, and Schedule T-100, U.S. Air Carrier Traffic and Capacity Data by Nonstop Segment and On-Flight Market. Please describe howExec Air intends to trackthis information. 8. Exhibit 6, page 5 of7 (Balance Sheet) states an amount of 250,000 "common stock issued major investors" under Stockholder Equity butthen also states other information regarding 7,500 shares and $150,000 deposit from a stock sale. Please clarify the amount of stock issued and outstanding, and if applicable, provide a detailed description, ofeach class or series ofstock issued. Such description shouldinclude: the number of shares outstanding by class or series, convertibility into other classes or series of stock, representation on the board of directors, voting rights, entitlement to dividend, consequences offailure to pay such dividends, and liquidationpreferences.