U.S. Department of 

Transportation 

Office of the Secretary 

of Transportation 

October 29, 2014 

Mr. John Swasey 

President 

Exec Air, Inc. ofNaples 

160 13th Street NW 

Naples, FL 34120 

Dear Mr. Swasey: 

'i'. 1200 New Jersey Avenue SE 

Washington DC 20590 

This letter is in reference to the application of Exec Air, Inc. ofNaples ("Exec Air") filed in 

Docket DOT-OST-2014-0149 on August 21, 2014. We have completed our review of the 

information Exec Air has filed in support of its request for commuter authority and find 

several areas where the information is deficient and has revealed the need for additional 

and/or clarifying information before we can complete processing Exec Air's application. 

The attached Information Request lists the areas where further and/or clarification 

information is necessary. 

I ask that you respond fully to this request within 30 days of the date of this 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 without prejudice. 

You may upload your response via the web at www.regulations.gov, or you may mail your 

response to U.S. Department of Transportation Dockets, West Building, Ground Floor, (M30, Room W12-140), 1200 New Jersey Avenue SE, Washington, D.C. 20590. In either 

case, your response should be filed in Docket DOT-OST-2014-0149. 

As is the Department's practice, further processing of Exec Air's application will be 

deferred pending receipt of this 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 application is under review by the Department. 
2 

If you have any questions regarding this letter, please feel free to contact Katy O'Toole of 

my staff at (202)-366-9721 or Catherine.O'Toole@dot.gov. 

Chief, Air Carrier Fitness Division 

Office of Aviation Analysis 

cc: Docket DOT-OST-2014-0149 

Ms. Helene Porche 

POI for Exec Air, Inc. 
Please provide the following: 

Information Request 

Exec Air, Inc. ofNaples 

1. The balance sheet Exec Air provided in its application is dated December 2007. A 

copy of Exec Air's balance sheet, current to within 3 months of the date of this letter is 

required. Additionally, please provide a forecast balance sheet for the first normal year 

ending after the 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 

not provide 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) of our 

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. If Exec Air is granted commuter authority, does 

Mr. Vandersluis intend to remain in these 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 is not operational? 

7. A grant of commuter authority also requires the air carrier to file BTS Form 298-C, A 

Report of Financial 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 how Exec Air intends to track this information. 

8. Exhibit 6, page 5 of 7 (Balance Sheet) states an amount of 250,000 "common stock 

issued major investors" under Stockholder Equity but then 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, of each class or series of stock issued. Such description should include: 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 of failure to pay such dividends, and liquidation preferences.