### BEFORE THE DEPARTMENT OF TRANSPORTATION

WASHINGTON , D.C

_____________________________________________ 

### Application of ) ) CORPORATE FLIGHT MANAGEMENT, INC. ) Docket No. ) ) for authority to conduct scheduled passenger ) operations as a commuter air carrier under ) 49 U.S.C. § 41738 ) _____________________________________________ )



### APPLICATION OF CORPORATE FLIGHT MANAGEMENT, INC.

Communications with respect to this document should be addressed to:

Allen Howell Susan B. Jollie Corporate Flight Management, Inc. Law Office of Susan B. Jollie 276 Doug Warpoole Rd. 7503 Walton Lane Smyrna, TN 37167 Annandale, VA 22003 (615) 220-1761 (703) 354-8450 (615) 220-1769 (facsimile) (703) 354-4945 (facsimile) Allen.Howell@flycfm.com SJollie@verizon.net President Attorney for Corporate Flight Management, Inc. Corporate Flight Management, Inc.

March 22, 2013

### 1 BEFORE THE DEPARTMENT OF TRANSPORTATION

WASHINGTON , D.C

_____________________________________________ 

### Application of ) ) CORPORATE FLIGHT MANAGEMENT, INC. ) Docket No. ) ) for authority to conduct scheduled passenger ) operations as a commuter air carrier under ) 49 U.S.C. § 41738 ) _____________________________________________ )



### APPLICATION OF CORPORATE FLIGHT MANAGEMENT, INC.

Pursuant to section 41738 of the Transportation Code (49 U.S.C. §41 738) and Part 298

of the Department of Transportation's Economic Regulations (14 CFR Part 298), Corporate

Flight Management, Inc. ("CFM") hereby applies for authority to operate scheduled passenger

service as a commuter air carrier.

In support of this Application, CFM states the following:

1. The applicant's full legal name is Corporate Flight Management, Inc. See Exhibit

CFM - 400 for a more detailed description of the applicant's prior operating history. CFM

currently conducts operations as Corporate Flight Management, Inc. and using the abbreviation

“CFM”.

2. CFM maintains its administrative offices at the Smyrna/Rutherford County

Airport (“MQY”), 276 Doug Warpoole Road; Smyrna, Tennessee 37167. Its telephone number

### 2

is 615-220-1761 and its facsimile number is 615-220-1769. The company's website is:

www.flycfm.com.

3. CFM was formed on July 26, 1982 as a "C” Corporation under the laws of the

State of Tennessee. Exhibit CFM – 103 is a Certificate of Good Standing for CFM issued by the

Tennessee Department of Revenue.

4. From 1982 to 1986, the company provided contract flight department and aircraft

management services to the owners of Part 91 aircraft from its original location in Murfreesboro,

Tennessee. In 1984, CFM began providing Fixed Base Operations (FBO) services, first at the

Smyrna, Tennessee Airport and later at the John C. Tune Airport in Nashville, Tennessee and the

Danbury, Connecticut airport. Also in 1984, the company received certification from the FAA

as a Part 145 repair station. In addition, the company relocated its headquarters from

Murfreesboro to Smyrna, Tennessee in 1984. See Exhibit CFM – 400. During this period, the

company was owned and operated by Charles R. (“Chuck”) Howell, James A. (“Allen”) Howell,

and David Augustin. These three gentlemen continue to own the majority of CFM’s stock

through C.F.M. Holding, Inc . See Exhibit CFM – 102 Tables A and B.

5. In 1986, the applicant commenced operations as an air taxi authorized under 14

CFR Parts 135 and Part 298. Exhibit CFM – 708 is a copy of CFM’s current air taxi operator

registration (FAA certificate FJTA-920D). By 2012, CFM’s charter fleet had grown to 24

aircraft. See Exhibit CFM - 500. In addition to operating air taxi flights, CFM continues to

provide contract flight department services to the owners and lessees of Part 91 aircraft. At the

end of 2012, the company had 5 managed aircraft clients. See Exhibit CFM – 600.

### 3

6. In August 1995, by Order 95-8-2, DOT found CFM fit, willing, and able to

provide service as a commuter air carrier. Concurrently, the Federal Aviation Administration

(FAA) issued Federal Aviation Regulation (14 CFR) (FAR) Part 121 Operations Specifications

to the company. The company conducted both FAR Part 121 and FAR Part 135 under its

certificate FJTA-920D from 1996 to 2001.

7. In 2001, the company formed Corporate Airlines, Inc. as a wholly-owned

subsidiary to separate the FAR Part 121 commuter operations from its other lines of business.

Chuck Howell was named president of Corporate Airlines, Inc. The FAA issued a new

certificate and Part 121 Operations Specifications to this new entity. By Order 01-3-7, DOT

approved the transfer of CFM’s commuter air carrier authority to Corporate Airlines, Inc.

8. Upon the completion of the transfer of the company’s FAR Part 121 commuter

operations to Corporate Airlines, Inc., CFM divested its entire interest in the new entity in

exchange for the redemption of its stock held by S&S Enterprises. Chuck Howell remained with

Corporate Airlines, Inc. as its President until 2002. After Chuck Howell resigned in 2002 to take

the Chief Operating Officer position with Great Lakes Airlines, neither CFM nor its directors or

officers had any economic or operational ties to Corporate Airlines, Inc. (By Order 2005-2-15,

DOT approved Corporate Airline’s name change to RegionsAir, Inc.)

9. In 1999, the three majority owners of CFM, Allen Howell, Chuck Howell, and

David Augustin formed C.F.M. Holding LLC, a Tennessee “C” corporation, to own their CFM

stock. Presently, CFM Holding Inc. owns 79.47% of the stock of CFM. See Exhibit CFM – 102.

### 4

10. The company has a strong track record of economic growth. CFM’s total annual

sales grew to $10 million by 1995 and had increased to $18 million 10 years later. In the last 7

years, the company’s gross revenue has nearly doubled, to over $32 million for Fiscal Year

ended August 31, 2011 and $35.8 million in the Fiscal Year ended August 31, 2012. The

company posted a net profit of $220,542 in Fiscal Year 2011 and $420,490 in Fiscal Year 2012.

See Exhibits CFM – 302 and 303.

11. CFM has one class of stock. There are 1,000,000 shares of stock authorized, of

which 655,885 shares are issued and outstanding. Of these 521,250 shares (79.47%) are owned

by C.F.M. Holdings, Inc. The remaining 134,635 shares (20.53%) are owned by individuals and

business entities. see Exhibit CFM - 102. CFM’s Board of Directors is comprised of the

following individuals: David Augustin (Chairman), Allen Howell, Chuck Howell, Leon Custers,

Doug Cate, John Couri, and Thomas Chappell. CFM’s officers are: Allen Howell, President,

Chief Executive Officer (CEO), Treasurer, and Secretary; Doug Cate, Chief Financial Officer

(CFO); Leon Custers, Chief Operating Officer (COO); Ryan Donahue, Vice President of

Maintenance; and Mark Stear, Vice President of Sales and Marketing. Allen Howell is

responsible for all daily management decisions regarding the operation of the company. All of

CFM’s officer and directors, with the exception of Leon Custers are citizens of the United States.

Mr. Custers is a citizen of the Netherlands who has applied for U.S. citizenship. See Exhibit

CFM – 100.

12. C.F.M. Holding, Inc. has one class of stock. There are 1,000 shares of stock

authorized, of which 1,000 shares are issued and outstanding. Of these 380 shares (38%) are

owned by Allen Howell, 380 shares (38%) are owned by David Augustin, and 240 shares (24%)

### 5

are owned by Chuck Howell. See Exhibit CFM – 102 Table B. All three shareholders are

directors of C.F.M. Holding, Inc. David Augustin is President of C.F.M. Holding, Inc. Allen

Howell is C.F.M. Holding, Inc.’s Secretary and Treasurer. All of the shareholders and officers of

C.F.M. Holding, Inc. are United States citizens. See Exhibit CFM – 100.

13. An affidavit certifying that CFM is a "citizen of the United States" as that term is

defined in 49 U.S.C. § 40402(a)(l5) is attached as Exhibit CFM - 104.

14. As set forth more fully in Exhibits CFM - 100 and 200, Allen Howell, Chuck

Howell, and David Augustin own a business entity (CFM Airport Development LLC) that owns

T-hangars that in turn are leased to CFM. John Couri owns an entity that leases an aircraft to

CFM under a revenue sharing agreement. Chuck Howell presently serves as President and CEO

of Great Lakes Airlines. Tom Chappell is President and CEO of Chappell, Smith & Associates,

Inc., the parent company of CS & A Insurance, a broker of aviation insurance. Apart from the

relationships disclosed in Exhibits CFM - 100 and 200, none of the managers, officers, or key

personnel have a financial interest in, or are related by blood or marriage to any individual who

has a financial interest in, or serve or have served as an officer or director of any other air carrier,

common carrier, or person substantially engaged in the business of aeronautics.

15. CFM currently provides FAR Part 135 air taxi services and aircraft management

services through its Flight Operations Division, fixed base operations at several airports through

its FBO Division, maintenance services under FAR Part 145 through its Maintenance Division,

and aircraft sales and related transactional services through its Aircraft Sales Division. See



### Exhibit CFM – 600.

### 6

16. In October 2012, the company’s Flight Operations Division entered into an

aircraft charter contract with Public Charters, Inc. to provide four round trip flights per week

between Manistee, Michigan (MBL) and Chicago Midway Airport (MDW). CFM presently

operates one round trip on Thursday, Friday, Sunday, and Monday of each week. All flights are

conducted under 14 CFR Part 380 as public charters with CFM acting as the direct air carrier and

Public Charters, Inc. (PCI) as the indirect air carrier. See Exhibits CFM – 600, 700, and 707.

17. PCI receives funding for this operation from the Manistee Blacker Airport

Authority (MBAA) which has secured funding under an Alternative Essential Air Service (EAS)

grant from DOT. See Order 12-3-9 (March 16, 2012). CFM bases one of its Jetstream-31 aircraft

with 19 passenger seats at MBL to support this activity. See Exhibits CFM –700. The company

has other Jetstream- aircraft available to back up its primary aircraft. See Exhibit CFM –500.

18. CFM is limited to operating only 4 weekly round trips between MBL and MDW

because CFM operates under economic authority as an air taxi pursuant to 14 CFR Part 298.

This limited schedule does not meet the needs of the community and MBAA is very interested in

securing daily service as soon as possible.

19. Corporate Flight Management, Inc. is seeking authorization to offer scheduled

passenger air transportation services as a commuter air carrier by submitting information in

conformity with 14 CFR §204.3. Its service proposal envisions a modest increase of three (3)

round trip charter flights per week between Manistee, Michigan and Chicago, Illinois (the

“Proposed Service”), resulting in one round trip each day, for a total of seven (7) round trips per

week for this city pair. See Exhibits CFM – 700 and 702. All trips would be marketed by Public

### 7

Charters, Inc. and operated as public charter flights in accordance with 14 CFR Part 380. See

Exhibit CFM – 700.

20. CFM will incur no material start-up costs for this increase in service. PCI has

already paid CFM $5,000 to base an aircraft at the Manistee Blacker Airport (MBL). See

Exhibits CFM – 700. PCI also bears the costs of establishing and maintaining the base

operations. See Exhibits CFM – 700 and 701.

21. The Proposed Service will make an immediate positive contribution to CFM's

profitability because the round trips will be operated under the company’s existing agreement

with Public Charters, Inc., providing an immediate revenue contribution of $815.00 per

completed Block Hour. See Exhibits CFM – 700-706. CFM can accommodate the increase in

the number of flights without adding aircraft, operations or maintenance personnel, or

infrastructure. The only expenses that CFM will incur are incremental costs that are directly

correlated to the number of hours the aircraft is utilized. The Proposed Service and the detailed

financial projections are presented in Exhibits CFM – 700-706.

22. The revenue that is projected from the Proposed Service is not solely dependent

upon PCI’s ability to sell charter flights in this market. The EAS service is subsidized through a

DOT grant program that provided funding based on daily frequencies. See Order 12-3-9. Prompt

approval of this application will allow MBAA to restore the intended level of service before the

peak summer travel season.

23. Because any deficiency in meeting the costs of the proposed service will be

underwritten of the Alternate EAS subsidy, this application presents a situation that is

distinguishable from a typical scheduled service start-up service proposal for which the

### 8

Department requires funding to cover the projected costs for the first three months of operations.

Nonetheless, CFM has ample financial resources available. CFM was built on providing

diversified services focusing on small aircraft operations and the company is profitable. See

Exhibits CFM – 302 to 305. Unless specifically addressed in the Notes to the financial

statements, the applicant has no undisclosed liens or encumbrances against the assets of CFM or

C.F.M Holding, Inc. The company has not made any other major commitment within the last 6

months or that it intends to make in next 6 months for financing, issuance of stock or bonds, sale

or exchange or major assets, or incurred significant liabilities that are more than 60 days past

due, or entered into major contracts that would significantly alter the financial statements that

have been presented in support of this application. Neither CFM nor C.F.M. Holding, Inc. or any

of the key personnel are aware of any lawsuits or contingent liabilities that would have a

significant adverse impact on the applicant's financial position or its operations. CFM is

therefore in a position to finance its modest service expansion from internally generated funds.

24. In addition, CFM has access to funds made available through a revolving line of

credit established with the Pinnacle National Bank. See Exhibit CFM-709. In the event the

Department has reservations about the ability of CFM to fund its proposed operations, CFM

would accept a condition to be incorporated in the Final Order requiring the company to provide

a Certificate of Deposit with Pinnacle National Bank in an amount of the forecast costs for the

first three months of operation for the Proposed Service to remain in effect for the initial three

months of actual operation.

25. CFM's managerial team possesses considerable business and aviation experience

to perform the scheduled commuter air transportation services for which authority is requested.

### 9

See Exhibits CFM - 200-214. As required by 14 CFR § 119.69, all of CFM’s key technical

personnel met the qualifications set forth in 14 CFR § 119.71. See Exhibits CFM – 211, 212,

213, and 214. Exhibit CFM - 215 is a copy of CFM’s Organization Chart.

26. CFM's compliance record throughout its 30 year history has been superior. The

company has developed a strong culture of safety, having experienced two non-fatal accidents,

both of which occurred more than 10 years ago. During its entire existence, the company has not

experienced any major incidents and has had only 9 minor incidents. Only three of those minor

incidents have occurred in the past 10 years. See Exhibits CFM – 800 to 815.

27. There are no outstanding judgments against the applicant, C.F.M. Holding, Inc.,

any of their affiliated entities, or their key personnel. See Exhibits CFM -100-200. Neither the

applicant nor any of its key personnel have been charged with any fraudulent or anticompetitive

activities, or violated laws or regulations that would pose potential risks to consumers of its

airline services. Id. The Department can readily conclude that all are disposed to comply with the

statutory provisions and the Department's rules, regulations, and requirements.

28. CFM is submitting evidence of aircraft insurance in Exhibits CFM – 900 to 901

.

Negotiations for renewal of CFM's insurance have been successfully concluded. All of the

participating underwriters have agreed to renew at their current level. The new policy will be

issued prior to March 31, 2013, and a new OST 6410 will be submitted immediately following

the policy renewal.

29. Exhibit CFM – 1000 is a copy of OST Form 4523. The original will be

concurrently filed in OST Docket 95-236.

### 30. CFM has adopted an Emergency Response Plan that provides detailed guidance

for responding to an accident or incident. See Exhibits CFM- 1100 to 1101.

31. Corporate Flight Management, Inc. has demonstrated that it is fit, willing and able

to perform scheduled commuter air transportation services.



### WHEREFORE, Corporate Flight Management, Inc. respectfully requests that the Department

of Transportation grant it the authority to conduct scheduled commuter air transportation services

pursuant to 49 U.S.C. 

### § 41738 and 14 CFR Part 298. CFM respectfully requests expedited

approval to restore service in the Manistee

- Chicago market to the level intended under the

Essential Air Service program.

March 22, 20 13

10 Respectfully submitted,

Susan B. Jollie
Law Office of Susan B. Jollie
7503 Walton Lane Annandale, VA 22003 (703) 354-8450 (703) 354-4945 (facsimile)
SJ ollie@verizon.net Attorney for Corporate Flight Management, Inc.

### VERIFICATION

This Application and the information therein, including the Exhibits attached hereto, are true and correct

to the best of my knowledge and belief. Pursuant to Title 18, United States Code section 1001, I, Allen

Howell, in my individual capacity and as the authorized representative of the Applicant, have not in any

manner knowingly and willfully falsified, concealed or failed to disclose any material fact or made any

false, fictitious, or fraudulent statement or knowingly used any documents which contain such statements

in connection with the preparation, filing or prosecution of the Application. I understand that an

individual who is found to have violated the provisions of 18 U.S.C. Section 1001 shall be fined or

imprisoned not more than five years, or both.

Allen Howell



### 10

### CERTIFICATE OF SERVICE

I certify that on this 22nd day of March, 2013, I have cause to be served a copy of the Application of Corporate Flight Management, Inc. by first class U.S. mail or electronic mail on
the following persons:

Mr. Walter H. Bevan Manager
Nashville Flight Standards District Office
#2 International Plaza, Suite 700 Nashville, TN 37217

Mr. Barry Lind 

### Director
Manistee County Blacker Airport
2323 Airport Road Manistee, MI 49660

Ms. Erin O'Donnell Managing Deputy Commissioner Chicago Midway International Airport
5700 S Cicero Chicago, IL 60638

### Exhibit CFM - 100 Page 1 of 8

CORPORATE FLIGHT MANAGEMENT, INC. CORPORATE STRUCTURE



### CFM Equity Structure : - One class of stock – voting common

- 1,000,000 shares authorized

- 655,885 shares issued and outstanding

- 521,250 owned by C.F.M. Holding, Inc.; 142,635 owned by other individuals and entities

- See Exhibit CFM – 101 Ownership of Corporate Flight Management, Inc. and Exhibit CFM – 102 Table A - Stock Ownership of Corporate Flight Management

- No legal actions or outstanding judgments of any kind



### - Never charged with 

### unfair or deceptive or anticompetitive business practi ces, or with fraud, felony
or antitrust violation

CFM Entity Structure : - Tennessee “C” corporation

- Directors: David Augustin (Chairman)
Allen Howell
Chuck Howell
Leon Custers Doug Cate John Couri (outside director) Tom Chappell (outside director)

- Officers: Allen Howell, President, CEO, Secretary,
Treasurer Doug Cate, CFO Leon Custers, COO Ryan Donahue, VP of Maintenance Mark Stear, VP of Sales & Marketing

### Exhibit CFM - 100 Page 2 of 8

CFM Affiliates : C.F.M. Holding, Inc.

- Owns 79.47% of CFM. Does not own any other
business entities.

- Tennessee “C” corporation

- One class of equity: voting common stock

- 1,000 shares authorized

- 1,000 shares issued and outstanding

- Directors: David Augustin, Allen Howell Chuck
Howell

- Officers: David Augustin, President Allen Howell, Secretary and Treasurer

- See Exhibit CFM – 102 Table B - Stock Ownership of C.F.M. Holding, Inc.

- No legal actions or outstanding judgments of any kind



### - Never charged with 

### unfair or deceptive or anticompetitive business practi ces, or with fraud, felony
or antitrust violations

Executive Group Holdings, LLC.

- Owns 2.56% of CFM’s stock

- Does not have an ownership interest in any other
business entities.

- A Connecticut Limited Liability Company managed by a single manager

- All equity is owned 100% by Couri & Company, LLC

- Sole Manager: John Couri

- Does not have officers. (Connecticut law does not require limited liability companies to have officers).

- No legal actions or outstanding judgments of any kind

### Exhibit CFM - 100 Page 3 of 8

- Never charged with 

### unfair or deceptive or anticompetitive business practi ces, or with fraud, felony
or antitrust violations

Couri & Company, LLC

- Owns 100% of Executive Group Holding LLC’s equity (owns 2.56% of CFM’s stock)

- Owns several entities that hold investments in real property. Does not directly own equity in CFM. Does not own any other aviation-related businesses.

- A Connecticut Limited Liability Company managed by a single Manager

- All equity is owned 50% by John Couri, an individual and 50% by Christopher J. Cour i, an individual. See Exhibit CFM – 102 Table D - Membership of Couri Company LLC

- Sole Managers: John Couri

- Does not have officers. (Connecticut law does not require limited liability companies to have officers).

- No legal actions or outstanding judgments of any kind



### - Never charged with 

### unfair or deceptive or anticompetitive business practi ces, or with fraud, felony
or antitrust violations

Jetstream Air LLC

- Leases Jetstream 31 N657BA to CFM under a dry lease arrangement for FAR Part 135 operations.

- Tennessee Limited Liability Company managed by a single member

- 39% owned by CFM. 22% owned by David Hall, an individual and 22% owned by C liff Tant, an individual.

- Manager: CFM

- Does not have officers. (Tennessee law does not require limited liability companies to have officers).

### Exhibit CFM - 100 Page 4 of 8

- This entity does not own an interest in CFM, C.F.M. Holdings, Inc, or any of their affiliated entities. It does not own or co-own any other business entities

- Neither Mr. Hall nor Mr. Tant owns an interest in CFM, C.F.M. Holding, Inc, or any of their affiliated entities.
Neither individual is a dire ctor, manager, officer or executive of CFM, C.F.M. Holding, Inc. or any of their
affiliated entities.

- No legal actions or outstanding judgments of any kind



### - Never charged with 

### unfair or deceptive or anticompetitive business practi ces, or with fraud, felony
or antitrust violations

Jetstream Sales LLC

- Owns and refurbishes Jetstream 31, 32, and 41 aircraft
for resale.

- Tennessee Limited Liability Company managed by its
members

- 50% owned by CFM. 50% owned by Ken Mourton, an
individual

- Does not have officers. (Tennessee law does not require limited liability companies to have officers).

- This entity does not own an interest in CFM, C.F.M. Holdings, Inc, or any of their affiliated entities. It does not own or co-own any other business entities

- Mr. Mourton does not own an interest in CFM, C.F.M. Holding, Inc, or any of their affiliated entities. Mr.
Mourton is not a director , manager, officer, or executive of CFM, C.F.M. Holding, Inc. or any of their
affiliated entities.

- No legal actions or outstanding judgments of any kind



### - Never charged with 

### unfair or deceptive or anticompetitive business practi ces, or with fraud, felony
or antitrust violations

### Exhibit CFM - 100 Page 5 of 8

Wings of Eagles, LLC

- Dormant entity. Formerly a flight school operator and
lessor of Diamond aircraft to JWN Wings of Eagles, LLC and MQY Wings of Eagles, LLC

- Tennessee Limited Liability Company managed by its
members

- 70% owned by CFM. 10% owned by David Augustin, 10% by Allen Howell, and 10% by Tony Fiorentino

- Officers: David Augustin, President; Allen Howell, Secretary and Treasurer

- This entity does not own an interest in CFM, C.F.M. Holdings, Inc, or any of their affiliated entities. It does not own or co-own any other business entities

- No legal actions or outstanding judgments of any kind



### - Never charged with 

### unfair or deceptive or anticompetitive business practi ces, or with fraud, felony
or antitrust violations

JWN Wings of Eagles, LLC

- Operates a flight school at John Tune Airport (JWN)

- Tennessee Limited Liability Company managed by a single manager

- 50% owned by CFM. 50% owned by Randy Harmon,
an individual

- Manager: Randy Harmon

- Does not have officers. (Tennessee law does not require limited liability companies to have officers).

- This entity does not own an interest in CFM, C.F.M. Holdings, Inc, or any of their affiliated entities. It does not own or co-own any other business entities

- Mr. Harmon does not own an interest in CFM, C.F.M. Holding, Inc, or any of their affiliated entities. Mr. Harmon is not a director, manager, officer, or executive

### Exhibit CFM - 100 Page 6 of 8

of CFM, C.F.M. Holding, Inc. or any of their affiliated
entities.

- No legal actions or outstanding judgments of any kind



### - Never charged with 

### unfair or deceptive or anticompetitive business practi ces, or with fraud, felony
or antitrust violations

MQY Wings of Eagles, LLC

- Operates a flight school at the Smyrna Airport (MQY)

- Tennessee Limited Liability Company managed by its
members

- 100% owned by CFM.

- Does not have officers. (Tennessee law does not require limited liability companies to have officers).

- This entity does not own an interest in CFM, C.F.M. Holdings, Inc, or any of their affiliated entities. It does not own or co-own any other business entities

- No legal actions or outstanding judgments of any kind



### - Never charged with 

### unfair or deceptive or anticompetitive business practi ces, or with fraud, felony
or antitrust violations

CFM HLA Joint Venture

- Owns and operates a 20,000 square foot hangar and office complex at John Tune Airport (JWN)

- Tennessee Partnership

- 50% owned by CFM. 50% owned by HL Aviation, a US Virgin Islands Limited Liability Company

- The partnership is managed by the partners

- This entity does not own an interest in CFM, C.F.M. Holdings, Inc, or any of their affiliated entities. It does not own or co-own any other business entities

### Exhibit CFM - 100 Page 7 of 8

- No legal actions or outstanding judgments of any kind



### - Never charged with 

### unfair or deceptive or anticompetitive business practi ces, or with fraud, felony
or antitrust violations

CFM Airport Development, LLC

- Owns a 20 unit T-hangar facility at John Tune Airport (JWN). Leases the entire facility to CFM.

- Tennessee Limited Liability Company managed by its
members

- Owned 1/3 rd 

### each by Allen Howell, Chuck Howell, and David Augustin, individually.

- Officers: David Augustin, President; Allen Howell, Secretary and Treasurer

- This entity does not own an interest in CFM, C.F.M. Holdings, Inc, or any of their affiliated entities. It does not own or co-own any other business entities.

- The three owners of this en tity together own 100% of C.F.M. Holding, Inc. (owns 79.46% of CFM).

- Allen Howell is a director and officer of CFM and C.F.M. Holding, Inc.

- Chuck Howell and David Augustin are directors of CFM and C.F.M. Holding, Inc.

- No legal actions or outstanding judgments of any kind



### - Never charged with 

### unfair or deceptive or anticompetitive business practi ces, or with fraud, felony
or antitrust violations

Goose 5 Limited Partnership

- Formed to acquire a Jetstream 4100 aircraft

- Ohio Limited Partnership

### Exhibit CFM - 100 Page 8 of 8

- CFM owns a 17.5% minority limited partnership interest in this entity. Its ownership is purely financial, with no participation in the management of the partnership

- This entity does not own an interest in CFM, C.F.M. Holdings, Inc, or any of their affiliated entities. It does not own or co-own any other business entities.

- No legal actions or outstanding judgments of any kind



### - Never charged with 

### unfair or deceptive or anticompetitive business practi ces, or with fraud, felony
or antitrust violationsOwnership of Corporate Flight Management, Inc.C.F.M. Holding, Inc.(CFMH)79.47%Individual Investorsand Employees20.53%Corporate Flight Management, Inc.(CFM)100%Jetstream Air LLC39%MQY Wingsof Eagles LLC100%JWN Wingsof Eagles LLC50%Jetstream Sales LLC50%CFM - HLAJoint Venture50%*In addition, CFM owns a17.5% limited partnership interest in Goose 5 LPTable A - Stock Ownership of Corporate Flight Management, Inc.

Authorized to Issue 1,000,000 Shares Outstanding 655,885 Shares In Treasury 344,115

Shareholder Address Number of
Shares Percentage

Ownership Us

Citizen

CFM Holdings 625 Fitzhugh Blvd, Smyrna TN 37167 521,250 79.47% Yes

Granville A. Watson 2207 Coontree Ct, Murfreesboro TN 37129 15,000 2.29% Yes

Tony Fiorintino 6001 W. Nine Mile Rd. Pensacola, FL 32507 5,000 0.76% Yes

Gayle S. Chumble y 206 Washington St E, Fayetteville, TN 37334 10,000 1.52% Yes

Dean Strong 411 Annex Avenue #E2, Nashville TN 37209 5,500 0.84% Yes

Terry D. Stromatt 1094 Morningside Dr. Kinston Springs, TN 37082 5,300 0.81% Yes

Annette Morton 2128 Espy Road, Bradyville, TN 37026 1,000 0.15% Yes

Joe Sartino 211 Quail Ridge Road, Smyrna TN 37167 200 0.03% Yes

Kenneth C. Odom 102 Rosewood Ct, Smyrna TN 37167 3,500 0.53% Yes

Dwayne A. McMurry 9509 Mount Ayre Way; Murfreesboro, TN 37129 3,200 0.49% Yes

Cindy Norrod 4142 Elizabeth Drive, Mount Juliet TN 37122 500 0.08% Yes

Allen Peralta 111 Whispering Water Court, Christiana TN 37037 1,000 0.15% Yes

Pat Stephens c/o CFM 276 Doug Warpoole Rd. Smyrna, TN 37167 300 0.05% Yes

Diane Prosser 4931 Danby Drive, Nashville TN 37211 1,000 0.15% Yes

Doug Cate 902 Tudor Court; Murfreesboro, TN 37129 16,579 2.53% Yes

Leon Custers 1202 Bolton Drive; Smyrna, TN 37167 49,736 7.58% No

Executive Group Holdings, LLC 53 Miry Brook Road, Danbury, CT 06810 16,820 2.56% Yes

Total Outstanding 655,885 100.00% 

### Exhibit CFM

- 102Table B - Stock Ownership of C.F.M. Holding, Inc.

Authorized to Issue 1,000 Shares Outstanding 1,000 Shares In Treasury -

Shareholder Number of
Shares Percentage

Ownership Us

Citizen

Allen Howell 4999 Vincion Road, Murfreesboro, TN 37130 380 38.00% yes

David Augustin 4995 Vincion Rd Murfreesboro, TN 37130 380 38.00% yes

Charles R Howell, IV (Chuck) 618 Copperfield Court Brentwood TN 37027 240 24.00% yes

Total Outstanding 1,000 100.00%

Table C - Membership of Executive Group Holdings, LLC

Member Units Percentage Ownership Us

Citizen

Couri and Company, LLC 164 Ramapoo Road; Ridgefield, CT 06877 100 100.00% yes

Table D - Membership of Couri Company, LLC

Member Units Percentage Ownership Us

Citizen

John Couri 164 Ramapoo Road; Ridgefield, CT 06877 50 50.00% yes

Christopher J Couri 164 Ramapoo Road; Ridgefield, CT 06877 50 50.00% yes

Total Outstanding 100 100.00% 

### Exhibit CFM

- 102N0004901 4123406130308



# TENNESSEE DEPARTMENT OF REVENUE

CORPORATE FLIGHT MANAGEMENT, INC. 276 DOUG WARPOOLE RD SMYRNA TN 37167-5677 March 8, 2013

Account Type: FRANIEXCS2

Account No.: 317937427

We have received and processed your request for tax clearance for the account 

### indicated above. Your certificate of

tax clearance is attached below. If you have a Tennessee charter or certificate of authority, this certificate, a.lon.g with the appropriate reports, forms, and fees required, must be submitted to the following address:

Secretary of State 

### 312 Rosa L. Parks Ave. 6th floor
William 

### R. Snodgrass Tower Nashville, TN 

### 37243

Certificates of clearance for Certificate of Existence/ Authorization or Reinstatement of Corporate Charter/Certificate of Authority are invalid after 45 days past the effective date. For additional infonnation regarding your Tennessee charter or certificate of authority, please contact the Tennessee SecretaTY of State,
Division of Business Services at 615-741-22&6.

DETACH HE:Rt: AND SUBMIT TO THE TENNESSEE SECRETAiiY OF STATE



### TENNESSEE DEPARTMENT OF REVENUE

500 OF.AOERICK STRE:r:l
ANDREW JACKSON STATE OFFICE BUILDING NASHVILLE, TN 37242

CERTIFJCATE OFT AX CLEARANCE

March 8, 2013
CORPORATE FLIGHT MANAGEMENT, INC.
276 DOUG W ARPOOLE RD Notice 

### No.: 4123406l30308

AccountNo.: 317937427 SMYRNA, TN 37167

Tax Clearance has been granted for; Sec. of State Control No.: 0118706

Effective Date: March 8, 2013



### CONFIRMATION OF GOOD STANDING

This iEo to certify tha.t**~II** applicable report; have been**fil~d** and that fG$$, penalt1es and taxes have bMn paid

as required by rGvenue laws ollhls state. 

### Richard H. Roberts

COMMISSIONER OF REVENUEExhibit CFM

- 104

BEFORE THE
DEPARTMENT OF TRANSPORTATION WASHINGTON, D.C

Application of ) )
CORPORATE FLIGHT MANAGEMENT, INC. ) ) ) Docket No.

for authority to conduct scheduled passenger ) operations as a commuter air carrier under )
49 U.S.C. § 41738 )



## ________________________________ )

APPLICATION OF
CORPORATE FLIGHT MANAGEMENT, INC.

AFFIDAVIT OF CITIZENSHIP

County of Rutherford ) ) SS:
State of Tennessee )

I, Allen Howell, being duly sworn, state under oath:

1. I am the President of Corporate Flight Management, Inc. and I am authorized to execute this
affidavit.

2. Corporate Flight Management, Inc. is a citizen of the United States within the meaning of 49
U.S.C. § 40102(a)(15).

Allen Howell

Subscribed and sworn before me this I 0 'f_{ I 6**'-~day** of March, 2013.

My commission expires:

___ ---""6"'----'-"?:."'--·,, +{__,_("> 4 __ _,_(

# +/_,{~').,__- __ _ I I

### Exhibit CFM - 200 Page 1 of 8

DIRECTORS, MANAGERS, OFFICERS, AND KEY MANAGEMENT PERSONNEL

James A. (“Allen”) Howell

 President, CEO, Secretary and Treasurer of CFM; Secretary and Treasurer of C.F.M. Holding, Inc.; member of CFM and C.F.M. Holding, Inc. boards of directors; Secretary and Treasurer of Wings of Eagles, LLC and CFM Airport Development, LLC; Chairman of Social Flights, LLC

 US Citizen

 Owns 38% (380 shares) of C.F.M. Holding, Inc.’s stock (Owns 79.47% of CFM)

 Owns 1/3rd of CFM Airport Development LLC (leases T-hangars to CFM at the Smyrna, TN airport)

 Owns 17.6% of Social Flights, LLC, a service that uses social media to arrange on-demand charter flights

 Not involved in any other air carrier, common carrier, or business involved in aeronautics

 Brother of Charles R. (“Chuck”) Howell IV, member of the CFM and C.F.M. Holding, Inc. boards of directors. Not related to any key personnel by either blood or marriage

 No history of criminal or illegal activity or safety-related violations.

 No legal actions or outstanding judgments of any kind



###  Never charged with 

### unfair or deceptive or anticompetitive business practices, or with fraud, felony or antitrust violations

Charles R. (“Chuck”) Howell IV

 Member of the CFM and C.F.M. Holding, Inc. boards of directors

 US Citizen

 Owns 24% (240 shares) of C.F.M. Holding, Inc.’s stock (Owns 79.47% of CFM)

### Exhibit CFM - 200 Page 2 of 8

 Owns 1/3rd of CFM Airport Development LLC (leases T-hangars to CFM at the Smyrna, TN airport)

 President and CEO of Great Lakes Airlines; former President and CEO of CFM; former President and CEO of Corporate Airlines, Inc.

 Brother of James A. (“Allen”) Howell, member of the CFM and C.F.M. Holding, Inc. boards of directors, President and CEO of CFM. Not related to any other key personnel by either blood or marriage

 No history of criminal or illegal activity or safety-related violations

 No legal actions or outstanding judgments of any kind



###  Never charged with 

### unfair or deceptive or anticompetitive business practices, or with fraud, felony or antitrust violations

David Augustin

 Member of the CFM and C.F.M. Holding, Inc. boards of directors President of C.F.M. Holding Inc. and CFM Airport Development LLC

 US Citizen

 Owns 38% (380 shares) of C.F.M. Holding, Inc.’s stock (Owns 79.47% of CFM)

 Owns 1/3rd of CFM Airport Development LLC (leases T-hangars to CFM at the Smyrna, TN airport); Not involved in any other air carrier, common carrier, or business involved in aeronautics

 Owns 5.5% of Social Flights, LLC, a service that uses social media to arrange on-demand charter flights

 Not related to any key personnel by either blood or marriage

 No history of criminal or illegal activity or safety-related violations

 No legal actions or outstanding judgments of any kind



###  Never charged with 

### unfair or deceptive or anticompetitive business practices, or with fraud, felony or antitrust violations

### Exhibit CFM - 200 Page 3 of 8

Tom Chappell

 Member of the CFM board of directors

 US Citizen

 President, CEO, and co-owner of Chappell, Smith & Associates, Inc., parent company of aviation insurance broker CS&A Insurance

 Not related to any key personnel by either blood or marriage

 No history of criminal or illegal activity or safety-related violations

 No legal actions or outstanding judgments of any kind



###  Never charged with 

### unfair or deceptive or anticompetitive business practices, or with fraud, felony or antitrust violations

John Couri

 Member of the CFM board of directors

 Sole Manager of Executive Group Holding, LLC (owns 2.56% of CFM)

 Sole Manager and 50% owner of Couri and Company, LLC, which owns 100% of Executive Group Holding, LLC (Owns 2.56% of CFM)

 US Citizen

 Owns King Group LLC, a single member Connecticut limited liabilitycompany (leases King Air 100 N6045S to CFM under a revenuesharing arrangement)

 Not involved in any other air carrier, common carrier, or business involved in aeronautics

 Not related to any key personnel by either blood or marriage

 No history of criminal or illegal activity or safety-related violations

 No legal actions or outstanding judgments of any kind



###  Never charged with 

### unfair or deceptive or anticompetitive business practices, or with fraud, felony or antitrust violations

### Exhibit CFM - 200 Page 4 of 8

Leon Custers

 Chief Operating Officer, CFM; member of the CFM board of directors

 Citizen of the Netherlands. Applicant for U.S. citizenship.

 Full time employee of CFM

 Owns 7.58% (49,736 shares) of the stock of CFM. Does not own equity (stock or units) in any of CFM’s affiliates

 Owns 5.5% of Social Flights, LLC, a service that uses social media to arrange on-demand charter flights



 Not related to any key personnel by either blood or marriage

 No history of criminal or illegal activity or safety-related violations

 No legal actions or outstanding judgments of any kind



###  Never charged with 

### unfair or deceptive or anticompetitive business practices, or with fraud, felony or antitrust violations

Douglas Cate

 Chief Financial Officer, CFM; member of the CFM board of directors

 US Citizen

 Full time employee of CFM

 Owns 2.53% (16,579 shares) of the stock of CFM. Does not own equity (stock or units) in any of CFM’s affiliates

 Owns 5.5% of Social Flights, LLC, a service that uses social media to arrange on-demand charter flights

 Not related to any key personnel by either blood or marriage

 No history of criminal or illegal activity or safety-related violations

 No legal actions or outstanding judgments of any kind

### Exhibit CFM - 200 Page 5 of 8

 Never charged with 

### unfair or deceptive or anticompetitive business practices, or with fraud, felony or antitrust violations Ronald Barnum

 Director of Safety, CFM

 US Citizen

 Full time employee of CFM

 Does not own equity (stock or units) in CFM or any of its affiliates

 Not related to any key personnel by either blood or marriage

 No history of criminal or illegal activity or safety-related violations

 No legal actions or outstanding judgments of any kind



###  Never charged with 

### unfair or deceptive or anticompetitive business practices, or with fraud, felony or antitrust violations

Ryan Donahue

 Vice President of Maintenance, CFM

 US Citizen

 Full time employee of CFM

 Does not own equity (stock or units) in CFM or any of its affiliates

 Not related to any key personnel by either blood or marriage

 No history of criminal or illegal activity or safety-related violations

 No legal actions or outstanding judgments of any kind



###  Never charged with 

### unfair or deceptive or anticompetitive business practices, or with fraud, felony or antitrust violations

Mark Stear

 Vice President of Sales and Marketing, CFM

 US Citizen

### Exhibit CFM - 200 Page 6 of 8

 Full time employee of CFM

 Does not own equity (stock or units) in CFM or any of its affiliates

 Not related to any key personnel by either blood or marriage

 No legal actions or outstanding judgments of any kind



###  Never charged with 

### unfair or deceptive or anticompetitive business practices, or with fraud, felony or antitrust violations

 No history of criminal or illegal activity or safety-related violations

Dwayne McMurry

 Director of Operations, CFM

 US Citizen

 Full time employee of CFM

 Owns .49% (3,200) shares of the stock of CFM. Does not own equity (stock or units) in any of CFM’s affiliates

 Not related to any key personnel by either blood or marriage

 No history of criminal or illegal activity or safety-related violations.

 No legal actions or outstanding judgments of any kind



###  Never charged with 

### unfair or deceptive or anticompetitive business practices, or with fraud, felony or antitrust violations

Allen Peralta

 Director of Maintenance, CFM

 US Citizen

 Full time employee of CFM

 Owns .15% (1,000 shares) of CFM’s stock. Does not own equity (stock or units) in any of CFM’s affiliates

### Exhibit CFM - 200 Page 7 of 8

 Not related to any key personnel by either blood or marriage

 No history of criminal or illegal activity or safety-related violations.

 No legal actions or outstanding judgments of any kind



###  Never charged with 

### unfair or deceptive or anticompetitive business practices, or with fraud, felony or antitrust violations

Stanley White

 Chief Inspector/Director of Quality Assurance, CFM

 US Citizen

 Full time employee of CFM

 Does not own equity (stock or units) in CFM or any of its affiliates

 Not related to any key personnel by either blood or marriage

 Mr. White received two traffic citations for DUI over 20 years ago. Since that time, he has had no additional history of criminal or illegal activity or safety-related violations

 No legal actions or outstanding judgments of any kind



###  Never charged with 

### unfair or deceptive or anticompetitive business practices, or with fraud, felony or antitrust violations

Jack Hart

 Chief Pilot, CFM

 US Citizen

 Full time employee of CFM

 Does not own equity (stock or units) in CFM or any of its affiliates

 Not related to any key personnel by either blood or marriage

 No history of criminal or illegal activity or safety-related violations

 No legal actions or outstanding judgments of any kind

### Exhibit CFM - 200 Page 8 of 8

 Never charged with 

### unfair or deceptive or anticompetitive business practices, or with fraud, felony or antitrust violationsJames Allen Howell 4999 Vincion Road, Murfreesboro, TN 37130
615-804-6740 Allen.Howell@flycfm.com

SKILLS SUMMARY CEO and Partner / Owner / Co-Founder of a 30 year old aviation services company located in middle Tennessee

EMPLOYMENT Corporate Flight Management, Inc. January 1998 to Present Smyrna Tennessee

CEO of Company in charge of overall operations

Business Development in all areas of the business

Business has grown from 11 million to 34 million in annual sales over a 14 year period. Currently has 175 employees

Corporate Airlines, Inc September 1996 to December
1998
Nashville Tennessee

General Manager of a Part 121 Airline Operation started as a subsidiary /affiliate of Corporate Flight Management, Inc.

Chief Financial Officer in charge of all financial areas of the company

Corporate Flight Management, Inc July 1982 to September 1996

Smyrna Tennessee

Co-founded the company in July 1982 and grew it to $10 million in
annual revenues.

Served as corporate secretary and treasurer

Director of Marketing and Sales

Managed Flight Dispatch and Scheduling

EDUCATION B.S. in Business Administration in Marketing and Economics Auburn University in Montgomery Alabama

Graduated Magna Cum Laude in 1981

LICENSED PILOT Commercial, Multi-Engine, Instrument Ratings, including Single Engine Land and Sea, 1300 hours total flight time 

### Exhibit CFM

- 201

## Charles R. Howell IV

618 Copperfield Court Email: chowell@flygreatlakes.com Brentwood, TN 37027 Phone: 615-308-6705

SUMMARY

Results oriented leader with 20 plus years of successful hands on experience in managing and motivating people at all levels. Extensive expe rience in operations, business planning, budgeting, new business development, pub lic relations and problem so lving. Well-rounded experience demonstrates a high level of adaptability an d combines extensive knowledge in aviation, business, technology and sales.

PROFESSIONAL EXPERIENCE

Great Lakes Airlines, Cheyenne, WY 2002 -Present Chief Operating Officer- CEO

Began as Chief Operating Officer in August 2002. Assist in day to day operations. Worked with CFO, Raytheon and other creditors for successful restructuring outside of bankruptcy of the company by year-end of 2002. Became the CEO ef fective January 1, 2003. Effectively manage and direct the overall operations of 900 plus em ployees for a 121 regional airline. Responsibilities include strategic vision for the company by developing value in commuter service through providing safe and reliable operations with exceptiona l customer service at an affordable price. All department heads report to this individual. The Company has successfully turned around operational and financial performan ce during this time. We currently are serving 40 cities in 10 states with a fleet of 31 aircraft. The Company is publicly traded over the counter. Responsible along with Chief Financial Officer for timely financ ial reporting. We are the largest providers in the Department of Transportation / Essential Air Service program. Work very close with the FAA, governmental bodies, community leaders and airport directors.

Corporate Airlines, Inc., Smyrna, TN 1996-2002 President-CEO, Member of the Board of Directors

Effectively managed and directed the overa ll operations for a 121 regional airline. Responsibilities included strategic vision for the company by developing value in commuter service through providing safe and reliable operati ons with exceptional customer service at an affordable price. All department heads report to this individual.

 In the fall of 1996, as a co-founder of Corporate Airlines, Inc., raised the capital and recruited the necessary personnel to start a 121-airline operation, which achieved 121 status and DOT approval in record time (91 days).

 Secured business relationships, new market opportu nities, and vendor relationships. Went in advance of new market openings and establishe d community support via Airport Authorities,
Chambers of Commerce and local/federal G overnment officials through face to face goodwill. Marketed the company and its abilities to the communities. Helped support all marketing efforts of the airline through: Newspaper inte rviews, radio talk shows, TV talk shows, personal appearances and speeches at Civic Clubs and Chamber of Commerce events.

 Liaison with Insurance Underwriting Community . Negotiated annual rene wal of the aircraft
fleet. Met with U.S. as well as International underwriters on an annual basis. Set safety agenda for company. Worked with internal departments of the company and insurance companies for any claims processing and risk management.

 Helped company grow from a start-up airline with 100 employees, serving 6 cities, to an industry leading regional airline with 400+ employees, serving 20 cities, with over 140 flights a day generating approximately $30 million in annual revenue.

Corporate Flight Management, Inc., Smyrna, TN 1985-1996 President-General Manager

Came to the Part 135 Charter Company as General Manager. Implemented st rategic growth plan.
Became President in 1986.

 Grew company from 10 employees and $ 300,000 in sales to 100 + employees and $12 million in sales with three locations (MQY-JWN-BWG).

 Recruited the necessary personnel to become a Fi xed Base Operation, a Part145 repair station (maintenance), BP fueling operation and the sout h’s largest fleet of turbo prop and jet charter
aircraft.

 Worked with the National Air & Space Museum to place an aircraft in the “How Things Fly Gallery”

VR Business Brokers, Nashville, TN 1982-1984 Managing Broker

Managed office/sales staff of 15 brokers for absentee owner.

 Effectively took office in one-year sales to fi nish in “Top Twenty Five” out of 250 offices
across the U.S.

 Helped negotiate sales contracts, leases, fi nancing and closing of small to medium size
businesses in the Middle Tennessee area.

Dobson & Johnson, Inc. , Nashville, TN 1980-1981
Affiliate Broker

Real Estate Affiliate Broker selling residential real estate. Completed necessary requirements for
Brokers License 1981EDUCATION

Bachelor of Science

, Real Estate and Urban Development University of Tennessee, Knoxville, TN
Minor: Finance
Graduated: 1979

SKILLS /TRAINING /MEMBERSHIPS

Knowledgeable in Windows, Microsoft Word, Excel, PowerPoint Regional Airline Association- Presidents Council District Chairman- Exploring Boy Scouts Tennessee Real Estate Brokers License (in retirement)



### References

Any Previous Employees or Communities Served Any of the current 900 employees Any of the current Community Leaders, Airport Directors of cities servedDavid Augustin
4995 Vincion Road, Murfreesboro, TN 37130

615-948-1735 David.Augustin@flycfm.com

SKILLS SUMMARY Chairman and Partner / Owner / Co-Founder of a 30 year old aviation services company located in middle Tennessee

Corporate Flight Management, Inc. 1983 to Present EMPLOYMENT Smyrna Tennessee

David Augustin became a partner at CFM in 1983. Over the years, he has been integral in the startup of many departme nts, working in Line Service, as FBO Manager, Parts Manager, and Maintenance Manager and assisting the startup of 2 FBOs. He served as President from 1997-2012, and now holds the position of Chairman of the Board. David has a B.S. degree in Aerospace Administration, a private single and mu lti-engine license, a lighter-than-air rating and an A&P license. He has served on committees for NATA and NBAA and advisory boards for Phillips 66, Air BP, and Shell Aviation. Active in his community, David also served 5 years on the Board of Directors of Leadership Rutherford, having held offices as both Vice-President and President, and he maintains the flight simulator at the Discovery Center at Murfree Spring and The Gallery at the NASM in Washington, D.C.

EDUCATION 1982 B.S. Degree in Aerospace Administration Middle Tennessee State University

LICENSED PILOT Commercial, Multi-Engine, Instrument Ratings, including Single Engine
Land and Sea,MEItbjdSZHFHcmdXa2VtcFJjM1ZUTUdGZmN6 QQ== https://doc-10-bk-docsviewer.googleusercontent.com/viewer/securedown...

1 of 1 3/6/2013 6:31 PM 162 Ramapoo Rd Ridgefield, CT 06877

203-438-0684

Professional Experience 

## John A. Co 

## uri

Mr. Couri was a Co-Founder of Duty Free International, Inc., in 1983 and served as its President and CEO

until October 1993; Chairman of the Board until December 1994 and Consultant to the company until

December 1999. Duty Free International became a public company in May 1989 and was listed on the

New York Stock Exchange prior to its sale to BAA, PLC., in August 1997.

In 1972 Mr. Couri entered the duty free business as one of the Founders of IDF Services, Inc. serving as
its President from 1978 until1987.

In 1990, Mr. Couri was named Entrepreneur of the Year, New Eng land Region; served as a member of

the Listed Company Advisory Board of the New York Stock Exchange from January 1993 to December
1995; was a member of the Board of Directors of the Datahr Rehabilitation Institute (now Abilities Beyond Disabilities) from June 1991, serving as Chairman from 1997 to May 2000.

Mr. Couri became Chairman of the Board of Trustees of Syracuse University from May 2004 until May 2008 and continues as a Life Board Member. On June 5, 1993, Syracuse University awarded Mr.

Couri the George Arents Pioneer Medal for Excellence in Business. The award is the highest honor the university awards to its alumni and is based on excellence in the individual's field of endeavor.

Mr. Couri is President of the Couri Foundation, Inc., Founders Hall Foundation, Inc., the Hammond Street

Senior Center Foundation, Inc. and serves on several corporate advisory and local non-profit Boards.

Mr. Couri was born in Brooklyn, New York on April 22, 1941; received a BA Degree in Economics and

Business Administration from Syracuse University in 1963; and served as a First Lieutenant in the U.S.

army from 1964 to 1966. He and his wife, Elaine, live in Ridgefield, Connecticut; have a son, Christopher,

and three grandchildren.Tom Chappell

1006 Merylinger Court

Franklin TN 37067

615-435-8300

EXPERIENCE

Chairman & Chief Executive Officer 1981-present
Chappell, Smith & Associates, Inc. – parent company of CS & A Insurance

 Aviation Insurance

 Aviation Risk Management

 Aviation Safety Management

 Business Development

 Fixed Base Operators Business Development and Safety Management

EDUCATION

Middle Tennessee State University 1965-1968

 Bachelor of Science in Animal Husbandry

Bachelor of Science in Chemistry, Minor in English Literature

MEMBERSHIPS& COMMUNITY DEVELOPMENT

Member - Aviation Insurance Association

Advisory Panel to the National Academy of Sciences for NASA’s “Small Aircraft Transportation System
Initiative.”

### Leon G. Custers 1202 Bolton Drive leon.custers@flycfm.com Smyrna, TN 37167 (615) 351-3837

CERTIFICATES: Airline Transport Pilot SEL/MEL, MU-300/BE-400 Type Rating Certified Flight Instructor, Instrument SEL/MEL.

FLIGHT TIME: Total 10,500 Turbo-Prop (PIC) 3650 Multi-Engine (PIC) 5950 Turbo-Jet (PIC) 1650

EXPERIENCE: Corporate Flight Management Smyrna, Tennessee

Chief Operating Officer (October 2010 – Present) Manage the operations of the Flight Depart ment, 2 Fixed Base Operations, the Aircraft Maintenance Department, the IT Department and the Accounting Department. The carrier engaged in government contracts (incuding CARB and DoA), Part-380. The carrier is currently underging Part-121 certification and is currently IS-BAO and Arg/US Platinum certified.

Vice President of Maintenance (April 2002 – October 2010) Manage day-to-day operations and long-term st rategy of a maintenance facilty employing 55 personnel conducting operations under Part-91, 135 and 145. The department specializes in turboprop commuter, corporate jet, component and avionics maintenance. The department holds EASA certificatio n and multiple OEM certifications.

Chief Pilot (August 1997 – April 2002) Part-135 PIC in MU-2B and MU-3 00 Aircraft, Chief Pilot since April 1999 Duties include Instructor and Ch eck Airman in above-mentioned aircraft

Howell Enterprises, Inc. (April 1997 – April 1999) Smyrna, Tennessee Part-141 Flight School, Flight Instructor in MU-2B Aircraft

Falconhead FBO (July 1995 – April 1997) Manassas, Virginia Part-141 Flight School, Chief Flight Instructor (SEL, MEL. Instrument)

Metropolitan Helicopters, Inc. (April 1996 - October 1996) Manassas, Virginia Part-141 Flight School, Flight Instructor (SEL, Instrument)

Skydiving Center of Greater Washington, Inc. (December 1992 - April 1995) California, Maryland Skydive pilot in DHC-6.

Airpark Sales and Service, Inc. (June 1988 - October 1993) California, Maryland Director of Operations/Chief Pilot Part-135 Operation. Flight duties and Check Airman duites as PIC in PA-23, PA-31, PA-60, MU-2. The aircraft were engaged in on-demand charter as well as DOD (CARB certified) operations.

Lambert Flying Service, Inc. (October 1987 - June 1988) Front Royal, Virginia Flight instructor for all ratings.EDUCATION: FlightSafety International, Wichita, Kansas February 1999 MU-300/BE-400 Initial Course

Howell Enterprises, Inc, Smyrna, Tennessee March 1991, March 1992, March 1997, April 1998 & April 1999 FAR Part-141 MU-2 flight and ground school.

Flight International, Inc., Newport News, Virginia March 1987 - October 1987 FAR Part-141 flight training, Private through CFI.

PERSONAL: Date of Birth: March 19, 1969 Marital Status: Married, 2 Children Languages: Fluent in English, Dutch, German. Some knowledge of French.

## Thomas Douglas Cate

902 Tudor Court Murfreesboro, Tennessee Work 615-534-8631 Home 615-896-6135 doug.cate@flycfm.com

Professional Experience

2006-Present Corporate Flight Management, Inc. Smyrna, Tennessee Chief Financial Officer, Board of Directors Executive leadership role of a thir ty-five million dollar revenue company, including traditional responsibilities for ov erall management of the finances of the company, negotiation of complex contract s, oversight of investments, and financial reporting.

2003-2006 Regions Bank, Murfreesboro, Tennessee Senior Vice President – Commercial Lending

2002-2003 NBC Bank, Smyrna, TN Vice President – Commercial Lending

1996-2003 Cavalry Bank, Smyrna , TN Regional Manager

1989-1996 SunTrust Bank, Nashville and Murfreesboro, TN Assistant Vice President – Commercial Loan Officer

1987-1989 Heritage Federal Savings and Loan Loan Officer

Education

1997-1998 TBA School of Banking – Ad vanced coursework on the profitable management of a commercial bank. Studies included being a member of a management team that run commercial bank through a simulation program over a two year period; classroom work in asset management; gap management; human resources; economics related to bank management.

1993 SunBank Commercial Credit School - Orlando Fl. Coursework included the study of financial statement analysis in cluding cash flow analysis, study of various types of commercial financing, loan documentation, risk analysis, personal financial analysis, commercial real estate funding.

1986 OMEGA, Consultants to Bank Management, Nashville, TN –Commercial Lending coursework including financial st atement analysis; cash flow analysis,

1986 Oral Roberts University, Tulsa OK Bachelor of Arts degree with honors

### RONALD A. BARNUM II
219 Slow Waters Drive Christiana, TN 37037 Cell (615) 692-2573



### Profile

Aviation Professional with dynamic background in a FAR 135 environment to include Safety, Management, Training, Piloting, System and Cour se Development, and Information Technology. Promoted to Director of Safety in 2007 and have sinc e been personally responsible for the development and implementation of the Safety Management System focusing on continuous improvement of internal safety programs. As the Director of Safety I am the company’s focal point for safety related issues, responsible for ensuring that the safety manag ement process is established, communicated, implemented, audited, measured and continuously impr oved. Duties and responsibilities include but not limited to; carrying out the company’s internal safety pr ogram, chair the Safety Committee, collect and analyze safety data, review employee-generated Em ployee Safety Reports and recommend action to various departments, conduct periodic safety audits of company locations, including administrative, training, ground handling, maintenance and flying activities, maintain records of a udit activities and safety recommendations made to various company officials, monitor current and planned flight operating programs, procedures and practices, make timely safety recommendations to company executives, the Safety Committee and CEO.

Proficient in analyzing existing operations and implem enting strategies, processes, and technologies to continually improve efficiency and safety. Strong project and performance management to meet operating and financial goals. Sharp presentation, negotiation, and team building qualifications. A self-starter who has the ability to work independently coupled with a team environment.

Combine methodical planning, organizational and communication skills with the ability to independently coordinate between multiple departments. More than 20 years in the development, growth, and leadership of personnel, safety policies, and procedures. Facilitate positiv e relationships with customers, coworkers, and authorities to promote safety and compliance within the workplace.

Overall qualificat ions include:

 5 Years as Director Of Safety

 25 Years Aviation Experience

 Over 1,000 Hours Piloting Turbo-Prop a nd Jet Aircraft In a 135 Environment

 Extensive Knowledge in FBO Management, Ramp Operations, and Quality Control

 Staff Training and Course Curriculum

 Policy and Procedure Development

 Hands On Manager & Trainer

 Encourage Individual Development to Achieve Personal Goals



### Experience

Corporate Flight Management, Smyrna, Tennessee 2007 to Present Director of Safety

Corporate Flight Management, Smyrna, Tennessee 1999 to 2007 Line Service Training Manager/Manager of Technology

Laboratory Corporation of America, Nashville, Tennessee 1998 to 1999 Computer Operator

Corporate Flight Management, Smyrna, Tennessee 1991 to 1998 Line Service Manager, Pilot

### RONALD A. BARNUM II
219 Slow Waters Drive Christiana, TN 37037 Cell (615) 692-2573 (Continued)

Stevens Aviation, Nashville, Tennessee 1989 to 1991 Line Service Technician



### Education
Middle Tennessee State Universi ty, Murfreesboro, Tennessee 1990 B.S., Aerospace Administration, Minor: Management and Marketing

Nashville State Technical Institute, Nashville, Tennessee 1999 Associate of Applied Science, Comput er Information Systems: Mainframe



### Computer Skills Knowledge of Multiple Operating Systems, Languages, Databases, and Efficient with Microsoft Office Suite. Troubleshoot and Repair of Netw orks, Telecommunications, and PC’s.

References Available Upon Request

### Mark L. Stear

Education

Bachelor of Science, Aerospace Engineering, University of Cincinnati

- 1978

Dates Employer Location Job Description

1978

- 1983 Gates Learjet Corp. Wichita, KS Senior Engineer

1983

- 1985 Singer-Link Flight Simulation Binghamton, NY Senior Enginer

1985- 1989 General Electric Co. Binghamton, NY Program Manager

1989- 1991 Textron Aerostructures Nashville, TN Program Manager

1991

- 1992 Business Aircraft Leasing, Inc. Nashville, TN Aircraft Broker

1992- 1994 Starstruck Jet, Inc. Nashville, TN Aircraft Broker

1994- 1995 Grimes Aerospace Urbana, OH Marketing Manager

1995- 1999 Bombardier Learjet Wichita. KS Sales Administrator

1999- 2003 Cessna Aircraft Co. Wichita, KS Sales Manager

2003- 2005 Citation Shares Greenwich, CT Sales Manager

2005- 2009 Embraer Executive Jets Ft. Lauderdale, FL Sales Manager

2009

- Present Corporate Flight Management Smyrna, TN Sales VPRyan Donahue

416 Birdstone Dr. Smyrna, TN. 37167
Cell: 615

‐ 306

‐ 5865

SUMMARY OF QUALIFICATIONS

• Expertise encompasses all phases of Customer Service support and reports including: Labor distribution, contract, billable
and warranty service report processing, expense, accounts payable, parts orders, warranties, repairs, maintenance orders
and related documentation.

• Extensive customer contact in troubleshoot ing, and resolving problems p e rtaining to service disputes or service contract renewals.

• Experience in managing as many as 50 employees and operating a small business.

EXPERIENCE

Vice President ‐ Aircraft Maintenance 4/2012

‐ Present Corporate Flight Management, Smyrna, TN.

• Oversees the continual development and improvement of the maintenance depar tment.

• Monitor day

‐ to

‐ day operatio nal activities and ensure that all organizational needs are being met effectively and in a timely

manner.

• Develop written processes to operate more efficiency, standardize procedures, and enhance the customer experience.

• Work with department managers within the other divisions of CFM to promote cross

‐ s elling and marketing.

• Develop an d defin e a sales effort to promote revenue and growth.

• Provide day

‐ to

‐ day management of all the personnel in the departments assigned to the VP of Maintenance.

• Oversee Internal audits and assure that findings are dealt with appropriately and in a ti mely minor.

• Ov ersee empl oyee issues, including hiring and firing as well as employee development and advancement.

• Work with Executive Management to create and develop future growth opportunities.

Aviation Service Manager 3/2007

‐ 4/2012
Corporate Flight Management, Smyrna, TN.

• Assist in managing aircraft maintenance department with over 50 employees.

• Ov ersee quality of aircraft maintena nce , distributing labor to meet a required job estimate, and delivering the aircraft to
the customer.

• Responsible for direct contact with pilots and aircraft owners to troubleshoot and resolve problems pertaining to billing, warranties, service contract renewals, and other service

‐ related matters including customer satisfaction.

• Implemented maintena nce b udg et process to manage customer work orders for aircraft owners for multiple aircraft types.

• Involved in initiating and finalizing aircraft sales and acquisitions both domestically and internationally.

• Creating and presenting maintenance budgets to aircraft owners for multiple types of aircraft. Initiating and creating

processes to increase pro d u ctivity and work flow.

Director of Maintenance 2/2008

‐ Present Harmony Air LLC, Nashville, TN.

• Responsible for managing and overseeing aircraft maintenance for a 135 operation.

• Adding and removing aircraft from a 135 certificate.

• Reviewing and a revising manuals and ops specs.

Lead Technician and Manager of St ores 6/ 20 02

‐ 3/2007 Leading Edge Aviation Services, Tampa, FL.

• Oversee and perform maintenance on general aviation aircraft.

• Part of growing our business by nearly 80% in three years.

• Completing customer invoices and A/R reports.Education

• Furman University 2000

‐ 2003 Aviation Management

• Clearwater College 2003

‐ 2004. Business Management.

Credentials

• Certified A&P Technician

• Graduate of Embraer EMB500, Phenom 100 initial maintenance training.

• Graduate of Garmin G1000 Perspective avionics suite maintenance training.

• Certified by Cirrus Aircraft in Composites and parachute and rocket replacement'i 

### Certificates: 

# Dwayne A. McMurry

9509 Mount Ayre Way Murfreesboro, TN 3 7129 ( 615) 896-4344

Airline Transport Pilot MEL
Commercial SEL Type Ratings: LR45, LR Jet, BE 300 

### c t 

### u 5 OJ


### First Class Medical. No Limitations

Flight Time*: Total 8000

.. Turbo Prop: PIC 6000 ,j, 

### Turbo Jet: Multi engine 7000

,_ 

## * Flight times are conservatively estimated Instrument:

Experience:

Education: Corporate Flight Management, Inc. Smyma. Te1messee
Director of Flight Operations
FAR 135

D.A.C.S. Aviation Services Nashville, Tennessee
First officer MU-300
FAR 911135

Silverline, LTD Denver, Colorado
First Officer MU-300
FAR 91

Tennessee Airways Knoxville, Tennessee First Officer E-ll 0
FAR 135

Corporate Flight Management, Inc. Murfreesboro, Tennessee Pilot Services Various Aircraft
FAR91

Middle Tennessee State University BS Aerospace Administration (major) Psychology (minor)

Flight Safety International 2000 -l 

### 5000 

### r800 -i



### 2/88

- present

6/86- 6/88

2/85- 6/86

2/84-2/85

5/83-2/84

Numerous courses on LR 25, LR 35. LR 45. BE 200, MU 300111 Whispering Water Ct. Christiana, TN 37037
615.534.4553


## Allen C Peralta

Employment: 41 years experience in civilian aircraft maintenance including:

8/88 - Present Corporate Flight Management, Inc. Smyrna, TN

Director of Maintenance: 2001-Present

 Coordinate with the flight department on 135 aircraft maintenance

 Responsible for establishing maintenance program requirements

 Assists in the addition of aircraft to operating certificate

 Responsible for monitoring maintenance practices and procedures

 Coordinate with outstation maintenance operations

 Monitor the maintenance training program and records

145 Repair Station Chief Inspector: 2000

 Responsible for the overall operation of the Quality Control Department

 Responsible for release of all items to service

 Responsible for oversight of inspections and maintenance

General Manager: 1999-2000

 Responsible to the President for the complete overall operation of the Repair Station, including the adequate housing and facilities
and the continued maintenance thereof

 Responsible for providing adequate training, equipment, materials and competent personnel pertinent to the operations of the repair station in order that it may comply with Federal Aviation Regulations and manufacturer’s recommendations.

 Ascertains that adequate fire fighting equipment is available at the repair station

Shop Supervisor: 1988 to 1999

 Responsible to the General Manager for the operation of the Repair Station

 Ascertain that all necessary maintenance entries on maintenance records and work orders used by the repair station are properly executed by the responsible mechanics

Inspector: 1997-2001

 Arrange for or makes the necessary inspections of aircraft as required by inspection forms any time there is a required inspection111 Whispering Water Ct. Christiana, TN 37037
615.534.4553

 Perform surveillance of parts and material from vendors to ensure proper certification source and quality of parts, components and materials purchased by the company

1980 - 1988 Nashville Jet Center Nashville, TN

Aircraft Technician

 Performed inspections and repairs on all Mitsubishi models, 690 series all models, Citation 1 and 2, Diamond, Merlin I, II & III, all Piper models, all Cessna models, and King Air 90 & 100

1978 – 1990 Galezy Corporation Nashville, TN

Aircraft Technician

 Performed inspections and repairs on 1121 Jet Commander

1977 – 1978 Clinical Laboratory Nashville, TN

Aircraft Technician

 Performed inspections and repairs on PA 34, PA 31-35, and Gazelle helicopters

1972-1977 Big Brother Aircraft Nashville, TN

Aircraft Technician

 Performed 100 hr/annual inspections and repairs on Cessna 150 up to 421, all Piper models, Beech Bonanza, Baron, King Air 90, 100 & 200, Aero Commander 500 series, Convair 240, MS-760,
and 1121 Jet Commander

Education 1971 – 1972 Northwest Alabama Technical Institute

 Attended Powerplant School

1968-1971 United States Navy

 Inspected T-28 aircraft on airframe #4D and component repair on
S2D Aircraft

## Stanley W. White 7906 Spire Street Murfreesboro, TN 37129 Phone (615) 867-9814 / Cell (615) 598-8496

EDUCATION MEMPHIS AREA VOCATIONAL TECHNICAL SCHOOL Aviation Campus, Memphis, TN, August 1989 Graduate with Airframe and Powerplant Certificate under Part 147

MIDDLE TENNESSEE STATE UNIVERSITY Murfreesboro, TN December 1983 Graduate with Bachelor of Science Degree, Aerospace Technology, Minors: Mathematics and Industrial Studies.

COLUMBIA CENTRAL HIGH SCHOOL Columbia, TN May 1979 Graduate

EXPERIENCE Corporate Flight Management Smyrna, TN 04/07 – Present Inspection Supervisor 09/06 – 03/07 Inspection Supervisor Trainee

 Coordinates with the Director of Maintenance establishing maintenance program requirements, including specifications, practices and procedures.

 Reviews all applicable AD’s and compliance. Assures all aircraft maintenance records are current.

 Monitors periodic check procedures for calibrated tool program.

 Performs periodic audits of the maintenance organization, and maintenance vendors as required by the Company Manual.

 Plans and coordinates the application of inspection methods, including NDT methods and procedures to ensure the safe reliable performance of the company’s aircraft.

REGIONSAIR Smyrna, TN (formerly Corporate Airlines) 10/96 – 09/06 Maintenance Manager / Director of Maintenance Began working as A&P Mechanic. Promoted to Supervisor/Maintenance Control within 6 months. Promoted August, 2000 to position of Maintenance Manager. Promoted on May 1, 2005 to Director of Maintenance. RegionsAir operated Jetstream 3201 and Saab 340A aircraft.

 Responsible for day to day scheduled and unscheduled maintenance of company aircraft coordinating with Maintenance Supervisors to ensure that the most expedient and efficient utilization of manpower is achieved.

 Coordinate with Maintenance Planning for scheduled and unscheduled maintenance ensuring that MCIs and MELs are scheduled for corrective action in a timely manner.

 Run Checkman Trainer. In addition to above duties, responsible for the overall administration, coordination and technical control of maintenance operations to ensure all aircraft, engines and appliances are maintained in accordance with the RegionsAir approved maintenance program. Responsible for Company compliance of all ADs. Also responsible for hiring the necessary technical personnel.

AMERICAN AIRLINES Alliance Airport, Fort Worth, TX 2/96 – 10/96 Shop Repair Person

 Processed main ship batteries and emergency lighting power supplies.

AMERICAN EAGLE/FLAGSHIP AIRLINES Nashville, TN 12/89 – 2/96 A & P Mechanic

 Performed maintenance on Saab 340B, Jetstream 3201, and Fairchild SA-226/227 aircraft.

 Duties included troubleshooting, inspection, repair and operational checks of all airframe and engine systems. Performed heavy main base inspections on JS 3201.

 Acted as Crew Chief on occasion.

 Run Checkman qualified on JS 3201.

# Jack B. Hart, Jr.

5123 Reagan Drive, Murfreesboro, TN 37129
Home 615­516­0018    Cell 615­631­4133 jack.hart.cfm@gmail.com



## Flight Time: 9400 Total, 5186 Turbojet

Flight Qualifications: 

## FAA ATP MEL LR­JET, HS­125, B727, MD­80 Type Ratings Flight Engineer Turbo­Jet (B727)

Education: Delta State University, Cleveland MS Bachelor of Science, Flight Operations Graduation May, 1990

Hinds Community College, Raymond MS
Business Graduation August 1988

Military Experience: United States Marine Corps, January 1982 to January 1987 Corporal E­4. Level 1 Avionics Technician, Avionics Instructor, Air Crew CH53 ­E

Background: April 2007 to present – Corporate Flight Management, Smyrna TN Chief Pilot for a medium sized flight department, with 14 diffe rent types of turbine aircraft and roughly 40 pilots.  Company Flight Instructor, and Captain in L R­35 and HS­125 series aircraft.



## March 2006 to April 2007 ­ Capital Cargo International, City ST First Officer B727 International and Domestic Freight

JAN 2004 to March 2006­ Express Net Airlines, Ypsilanti MI Captain B727, Domestic 121 Freight

MAY 2003 to JAN 2004 – TransMeridian Airlines, Atlanta GA

### First Officer B727, International and Domestic 121 Passenger Se rvice

SEP 2002 to MAY 2003 – Southeast Airlines, Tampa FL First Officer MD­88 and DC­9, IRO MD­88.  International and Dom estic 121 Passenger

MAR 1997 to SEP 2002 – Express One International, Inc., Dallas TX First Officer B727,

Bachelor of Science Degree, Major in Flight Operations Commercial Multi­Engine Instrument Airplane, CFI, CFII ATP Type Rating B727, MD80 Flight Engineer Turbo­Jet (B727)

FLIGHT EXPERIENCE Apr 07– Present Corporate Flight Management, Inc., Smyrna TN.

Chief Pilot.  Captain LR­35 and HS­125.  Company Flight Instruc tor

Mar 06–Apr 07            Capital Cargo, LOCATION

Duties Duties Duties.

JAN 04 – Mar 06         Express Net Airlines, Ypsilanti MI.

Captain B727, Domestic 121 Freight

MAY 03 – JAN 03 TransMeridian Airlines, Atlanta GA.

First Officer B727, International and Domestic 121 Passenger Se rvice

SEP 02 – MAY 03 Southeast Airlines, Tampa FL.

First Officer MD­88, IRO MD­88, First Officer DC­9 International and Domestic 121 Passenger Service

MAR 97 – SEP 02 Express One International, Inc., Dallas TX.

First Officer B­727 (10/98­01/02), Flight Engineer B­727 (6/97­ 10/98) Night air­cargo.  2 years based in Brussels Belgium flying DHL Europe contract, 2 years flying US Postal contract in U.S.

MAR 94 – SEP 95 Jim Hankins Air Charter, Jackson MS.

Captain BE­18, UPS feeder routes.

SEP 92 – APR 94 Souther Air Charter, Crystal Springs MS.

Captain C­421, charter and Air Ambulance.

OCT 92 – APR 94 Clifford Flying Service, Hollandale MS.

Aerial Application in AT401 aircraft.

FEB 90 – OCT 92 Sunflower Ag Service, Sunflower MS.

Aerial Application in AT301 aircraft.

SEP 89 – FEB 90 Delta State University, Cleveland MS.

### Flight and Ground Instructor.  Prepare college students for FAA written and check­rides.  President of Alpha Eta Rho, Professional Aviation Fraternity.

EDUCATION: AUG 88 – MAY 90 Delta State University, Cleveland MS.  Bachelor of Science, Commercial Aviation.

SEP 87 – AUG 88 Hinds Community College, Raymond MS.  Business.

MAY 80 Wingfield High School, Jackson MS.  Graduation May 1980.

MILITARY EXPERIENCE: United States Marine Corp. JAN 82 – JAN 87 Corporal E­4.

I Level Avionics Technician, Avionics Instructor, Air Crew CH53 ­E.

PERSONAL: Date of Birth 07/09/1962 Height 5’ 10” Weight 185 lbs. Marital Status Married Hobbies/Interests Woodworking, reading aviation and history books, building and flying radio­controlled airplanes, Civil Air Patrol, Knights of Columb us.

REFERENCES Furnished upon request.ChiefExecutiveOfficerAllenHowellIChiefOeeratingOfficerDirectorofSafetyLeonCustersChiefFinancialOfficerRonBarnumDougCateVicePresidentSmyrnaFBOJohnTuneFBOVicePresidentMaintenanceManagerManagerSales&MarketingDirectorOfOeerationsRyanDonahueToshaSzaboConnieDodsonMarkStearDwayneMcMurryIIIIIMaintenanceCirrusServiceManagedDirectorOflnseectorChiefPilotManager,GeneralManagerAircraftServiceMaintenanceSueervisorCharterJackHartFlightAdminManagerShadManagerAllenPeraltaStanleyManagerDaveSvareMikeCypcarWhiteChristieAllenIIIIIFlightManagementIDirectorofTraininglnflightSupervisorDaveReamsCynthiaHendersonOrganizationalChart

### Exhibit CFM - 300 Page 1 of 1

FINANCIAL STATEMENTS

Exhibits CFM - 301 to 305 present the following consolidated financial statements for Corporate Flight Management, Inc. (“CFM”) and C.F.M. Holdings, Inc. (please note that the companies use a fiscal year that begins 1 September and ends 31 August):

Fiscal Year 2010 consolidated complied financial statements for CFM and C.F.M. Holdings, Inc. covering the period 1 September 2009 to 31 August 2010 prepared by CFM (Exhibit CFM - 301).

Fiscal Year 2011 consolidated complied financial statements for CFM and C.F.M. Holdings, Inc. covering the period 1 September 2010 to 31 August 2011 prepared by Whisenant, Stewart, Watrous and Associates, PLLC, Certified Public Accountants (Exhibit CFM - 302).

Fiscal Year 2012 consolidated complied financial statements for CFM and C.F.M. Holdings, Inc. covering the period 1 September 2010 to 31 August 2011 prepared by Whisenant, Stewart, Watrous and Associates, PLLC, Certified Public Accountants (Exhibit CFM - 303).

Complied balance sheet and income statements for CFM for the first four months of Fiscal Year 2013, covering the period 1 September 2012 to 31 December 2012 prepared by CFM (Exhibit CFM - 304).

Complied balance sheet and income statements for C.F.M. Holdings, Inc. for the first four months of Fiscal Year 2013, covering the period 1 September 2012 to 31 December 2012 prepared by CFM (Exhibit CFM - 305).

# CFM HOLDINGS, INC.

Smyrna, Tennessee

Compiled Financial Statements

Year Ended August 31, 2010ASSETS

Current Assets

Cash 216,248 $

Accounts Receivable Trade 1,378,643
Affiliate Receivables 1,679,652
Deferred Tax Benefit

Notes Receivable 25,829 Prepaid Expenses 432,753

Inventories 7,009,211

Restricted Cash Deposits 269,642

Total current Assets 11,011,978

Property and equipment

Aircraft 543,043 Equipment and Machinery 676,872 Buildings 1,351,269

Furniture and fixtures 302,974

Leasehold improvements 347,301
3,221,458

Less: Accumulated depreciation 1,874,014

Property and equipment, net 1,347,444

Other assets
Other Assets 419,071

Other Investments 297,018

Total other assets 716,089

TOTAL ASSETS 13,075,512 

## CFM Holdings, Inc.

Consolidated Balance Sheet
August 31, 2010LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilites

Accounts payable 2,925,042 $

Affiliate payable 753,387

Acrued expenses 49,986

Credit cards payable 53,951

Notes payable 1,739,566

Taxes payable 97,274

Total current liabilities 5,619,207

Other liabilities

Refundable customer deposits 1,279,577
Refundable insurance deposits 148,996

Other investments 1,315,531

Total other liabilities 2,744,104

Long term debt 4,775,560

Total liabilites 13,138,871

Minority interest in subsidiaries (54,093)

Common stock ‐ no par value 10,000
10,000 shares authorized; 1,000 shares issued

and outstanding

Additional paid

‐ in capital 81,885

Less: Treasury stock (67,346)

Retained earnings (33,804)

Total stockholders' equity (63,359)

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 13,075,512Sales 23,868,914 $

Cost of Sales

Purchases 8,698,710

Labor 4,666,877

Sales costs 4,170

Maintenance cost 271,498

Insurance cost 105,629

Lease cost 4,032,108

Other cost ‐ charter 475,053

Total cost of sales 18,254,044

Gross profit on sales 5,614,869

Operating Expenses 5,621,214

Operating Income (6,344)

Other Income

Interest Income 10,014

Other Income 295,022

Interest expense (319,122)

Other expense (155,770)

Total other net income (169,855)

Income before minority interest (176,199)

Minority interests (74,912)

Consolidated comprehensive net income (101,287) 

## CFM HOLDINGS, INC.

Consolidated Income Statement

Year Ended August 31, 2010CFM Holdings, Inc. and Subsidiaries Year Ended August 31, 2010

NOTES TO CONSOLIDATED FINANCIAL STATEMENT

August 31, 2010

Note 1 - Summary of accounting methods

Consolidation and Reporting Entities The consolidated financial statements include the accounts of the CFM Holdings, Inc., Corporate Flight Management, Inc. which is 81.55% owned by CFM Holdings, Inc., 410 Investors, LLC which is 90.91% owned by Jetquick, LLC., which is 51% owned by Corporate Flight Management, Inc., and JWN Wings of Eagles, LLC which is 50.10% owned by Corporate Flight Management, Inc. All material intercompany accounts and transactions are offset in consolidation.

Business Activity Corporate Flight Management, Inc was incorporated on July 26, 1982, in accordance with the Tennessee General Corporation Act. The company’s primary purpose is to conduct business in the field of aviation, charter under a part 135 certificate, maintenance, aircraft management, flight school, and fixed based operations.

Cash and Cash Equivalents For financial statement purposes, the Company considers all cash and highly liquid investments which have original maturities of three months or less, to be cash equivalents.

Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual relsts could differ from those estimates.

Variable Interest Entities Accounting principles require a variable interest entity (“VIE”) to be consolidated if a party with ownership, contractual or other financial interest in the VIE (a variable interest holder) is obligated to absorb a majority of the risk of loss from the VIE’s activities, is entitled to receive a majority of the VIE’s residual returns (if no party absorbs a majority of the VIE’s losses), or both. A variable interest holder that consolidated the VIE is called the primary beneficiary.

Accounts Receivable – Trade and Revenue Recognition Accounts receivable are reflected at estimated net realizable value. The Company has elected to record bad debts using the direct write-off method.

Inventories Inventories consist of parts, fuel, aircraft and work in process. Inventory is calculated on a cost of average system.

Prepaid Expenses Prepaid expenses are amortized over the period of benefit using the straight –line method.

Property and EquipmentCFM Holdings, Inc. and Subsidiaries Year Ended August 31, 2010

NOTES TO CONSOLIDATED FINANCIAL STATEMENT

August 31, 2010

Property and equipment are stated at cost. Depreciation is calculated using the accelerated method allowed under the tax code.

Revenue Recognition Revenue is recognized when the earnings is complete and the risks and rights of ownership have transferred to the customer, which is generally considered to have occurred when products have been delivered, and title and risk of ownership pass.

Income Taxes The Company provides for income taxes and recognizes deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the financial statement carrying amounts and the tax basis of assets and liabilities.

Advertising Costs Advertising costs are charged to operations when incurred. Advertising expense for the period was $55,155.

Note 2 – Credit Risks

The company maintains its cash balances in four financial institutions located in Nashville, Tennessee. The balances at each bank are insured by the Federal Deposit Insurance Corporation.

Note 3 – Accounts Receivable Trade

An aging of Accounts Receivable at August 31, 2010 are as follows:

August 31, 2010

Current 1,084,624 30 Days 105,970 60 Days 69,062 90 Days and over 118,987 Total Trade Receivables 1,378,643

Note 4. Accounts Receivable – Affiliates

August 31, 2010 Jetstream Air, LLC 1,388,137 CFM Airport Development, LLC 177,399 CFM Automotive, LLC 22,324 MQY - Wings of Eagles 6,186
Members 100

Total Accounts Receivable - Affiliate 1,594,148.73CFM Holdings, Inc. and Subsidiaries Year Ended August 31, 2010

NOTES TO CONSOLIDATED FINANCIAL STATEMENT

August 31, 2010

Note 5 - Notes Receivable

Notes receivable consist of two separate notes from Chuck Howell and David Augustin, two of the principle owners of the Company. At August 31, 2010 the balances of Notes receivable belonging to Chuck and David were $19,020 and $6,808 respectively.

Note 6 - Inventories

Inventories consisted of the following at year end.

August 31, 2010 Aircraft 4,428,181.26 Parts 1,288,520.34 Work In Process 1,198,427.00 Fuel 94,082.24 Total Inventory 7,009,210.84

Note 7 – Restricted Cash Deposits

The Company holds insurance in escrow deposits for its managed aircraft fleet, and it also secures a stand –by letter of credit with a one year $100,000 Certificate of Deposit. Restricted deposits were equal to $269,642.

Note 8 – Investments

Investment in related entities consisted of the following at year end:

Investment – GBA Gyro Planes 138,742 Investment – Jetstream Air (deficit) 1,282,357 Total Investments 1,421,099

Note 9 - Credit Cards Payable

The company currently has a $500,000 limit credit card for operating aircraft and parts inventory purchases. As of August 31, 2010 the balance was $53,950CFM Holdings, Inc. and Subsidiaries Year Ended August 31, 2010

NOTES TO CONSOLIDATED FINANCIAL STATEMENT

August 31, 2010

Note 10 Affiliates Payable

August 31, 2010 Jetstream Sales, LLC 625,043.34 CFM Airport Development 17,316.33
410 Investors 1,664.04
Due From Stockholders 41,863.67 Jetquick, LLC 67,500.00 Total Affiliate Payables 753,387.38

Note 11 – Refundable Customer Deposits

The Company requires customer deposits before undertaking large maintenance projects or booking pre-paid blocks flight times. The follo wing is a summary of all refundable customer deposits at August 31, 2010.

August 31, 2010 Charter Block Time 241,981.00
Maintenance Refurbishment 767,057.00 Maintenance Prepays 66,785.00 FBO-Pre-purchases 22,371.00 Aircraft Sales Deposits 159,500.00 Flight School 21,883.00 Total Refundable Customer Deposits 1,279,577.00

Note 12 – Refundable Insurance Deposits

The Company offers the managed aircraft owners the opportunity to participate in the Company’s fleet insurance program, which usually affords some discounts on premiums due to volume buying. As part of the fleet insurance program, the insurance company requires a deposit a deposit as a reserve against monthly premiums. The Company is obligated to reimburse each aircraft owner when the aircraft leaves the insurance program.

Note 13 – Notes Payable

See Schedule B for a schedule of debt.CFM Holdings, Inc. and Subsidiaries Year Ended August 31, 2010

NOTES TO CONSOLIDATED FINANCIAL STATEMENT

August 31, 2010

Note 15 – Taxes Payable

August 31, 2010 Sales Tax 22,586.00 Payroll Taxes 48,524.23
State Taxes 39,013.28
Federal Taxes 21,445.82 Property Taxes 14,229.00 Total Taxes Payable 145,798.33

Note 16 – Contingent Liabilities

See Schedule B for a schedule of debt.

Note 17 – Other Income

Income from investments is as follows.

August 31, 2010 CFM Automotive, LLC 1,975.00 Jetstream Sales, LLC -19,000.00
CFM HL Joint Venture -9,547.00 MQY Wings of Eagles, LLC 27,294.00 Jetstream Air, LLC 229,828.00 Total 230,550.00

Note 18 – Unconsolidated Related Parties

The Company has excluded the financial statements of the following entities from consolidation with the accompanying financial statements:

MQY Wings of Eagles, LLC Jetstream Sales, LLC CFM Automotive, LLC Jetstream Air, LLC CFM HL Joint Venture CFM Airport Development, LLCNote HolderPurposeCollateralMaximum Liability8-31-10MonthlyPayment Origination DateOriginal NoteAmountRate Rate Type Maturity205.021 First Insurance GroupInsurance Premium Financingnone187,815.90 22,410.49 04/01/10 356,710.00 5.95% fixed03/01/11205.017 First Tennesseerefurb for 507TAirplane 507T40,494.99348.29 10/23/0845,250.00 4.50% var prime11/05/13205.019 Civic Bank and Trust Finance of Employee Car Buyout Inv, furn, fixt,equipment, AR 19,797.11 625.00 7.70% fixed 06/17/12205.105 First Tennessee Purchase Jetstream for resale/950 Aircraft Jetstream MSN 950 255,821.37 3,285.28 03/30/07 336,000.00 5.00% var/p/360 04/01/12205.235 Bancorpsouth Bank Construct FBO and term outWest Side FBO Building928,391.86 8,896.63 07/26/04 1,071,000.00 6.25% Prime + 3 08/01/24205.022 Reliant Bank Build out 926AE None 23,541.25 127.56 09/14/09 150,000.00 6.00% 02/27/10206.110 John Floyd Investor Financed 10UP None 503,769.68 0.00 12/21/07 800,000.00 na na 06/21/09205.441 Bancorp South Jeep Wrangler for Blake Tumbleson Jeep Wrangler14,785.38593.22 11/20/0929,358.00 7.75% fixed11/20/12206.018 Ricardo TostadaBalance due from Sale of 913none393,928.080.00 12/31/08 393,928.08TOTALS2,368,345.62 36,286.47Investor Related Loans - On Balance Sheet204.150 Pinnacle BankGuaranteed Debt by two investors forrefurb. CFM took the debt and ownershipof the asset to protect Investors fromproduct liabilityprot.Two J-32 Aircraft 865CY and858CY1,420,830.14 int only 04/29/08 1,600,000.00 3.25% var/prime/360 04/26/10205.107 First Tennessee Tom Chappell Purchase of 564HK. He paysthepayment.Aircraft 565HK 1,624,717.52 11,453.27 09/17/08 1,801,000.00 3.25% var/prime/360 09/25/13205.400 Hvizdak Loan Parts Plane #2/unsecured None155,419.00 Interest annually 11/29/06 510,000.00 8.00% fixed DemandJetStream Air, LLC - Off Balance SheetBeacon FederalAcquisition of aircraftAircraft 242BM559,605.94 11,114.95 08/17/05 972,000.00 6.57% fixed - 5yr/360 08/15/15Beacon Federal Rebuild EngineAircraft 242BM65,276.51 1,413.56 08/17/05 123,615.00 6.57% fixed - 5yr/360 08/15/15First Tennessee Acquisition of aircraftAircraft 643JX718,376.43 8,478.59 07/21/05 920,000.00 7.25% fixed/36009/01/10PinnacleAcquisition of aircraftAircraft 657BA393,165.74 7,929.96 08/12/05 657,801.00 7.75% fixed -5 yr var 08/01/15CFM Airport Development, LLC - Off Balance SheetRegions BankRefinance acquisition loanReal Estate - 20 HangarCondo Unit at SmyrnaAirport214,453.72 4,151.97 03/31/05 377,044.11 5.82% fixed04/01/10Other Notes Off Balance SheetHl AviaitionHangar 2 at John Tune (recentlycompltely). This note is from HL-CFM JointVenture. CFM is a co-maker on the note.The Hangar is the collateral valued at$1.8MReal Estate - Hangar 2 JohnTune Airpoert1,073,646.43 10,000.00 02/19/09 1,153,500.00 6.00% fixed 10/20/23Arvest Bank CFM is guarantor on $3,000,000 line ofcredit to Jetstream Sales, LLC. KenMourton is personal guarantee andprovides significant financial strength insupport of the debt. Payments are paid byKen Mourton. Collateral is seven J-32"svalued at $3.05MSeven Aircraft, J - 32 BAEpurchased at $350,000 peraircraft. Two aircraftinteriors.2,652,96015,763.4512/03/07 3,000,000 3.25% Prime Rate adj 06/03/10Regions Bank CFM is guarantor of Wings of Eagles notefor Flight Simulator (collateral) valued at$100,000Flight Simulator located atSmyrna Aircraft30,644869.35 03/20/08 42,466 8.30% fixed 03/20/13Beacon Federal CFM is guarantor for Note to Wings ofEagles for 223NH (collateral) valued at120,000Aircraft 223NH 67,4601,145.28 04/06/01 118,079 8.25% fixed 04/05/16Beacon Federal CFM is guarantor for note to Wings ofEagles for 342DS (collateral) valued at$120,000Aircraft 342DS 83,8901,778.20 08/24/01 185,710 8.00% fixed 09/01/16Corporate Flight Management, IncSchedule of Debt31-Aug-10Civic Bank and TrustCFM is a guarantor for CFM Automotive,LLC. The company has ceased to operate.There are two vehicles remaining on theline.Mercedes, Lexus30,369156.90 03/03/09200,000 6.00% var Prime + 2 05/31/10First BankPersonal Note to John Floyd and AllenHowell. The proceeds were used to fundloan to CFM for the acquisition 10UP. AllenHowell is a related party to CFM as a 38%ownerAircraft 10UP588,028.55 2,515.45 12/21/07 800,000.00 5.50% prime floor 5.5 02/28/10CFMHOLDINGS,INC.Smyrna,TennesseeCompiledFinancialStatementsYearEndedAugust31,2011CONTENTSIndependentAccountants'CompilationReportConsolidatedFinancialStatementsConsolidatedBalanceSheetConsolidatedStatementoflncomeConsolidatedStatementofStockholders'EquityConsolidatedStatementofCashFlowsNotestoConsolidatedFinancialStatementsSupplementaryInformationSchedule1-ConsolidatedScheduleofExpenses23456-1617wjsjwC{'rtifiedPublicAccountantsHobertV."Whisenant,CPA.GeoffreyStewart,CPATrentonD.\-\7atrons)CPA,CVA,CFEINDEPENDENTACCOUNTANTS'COMPILATIONREPORTTotheBoardofDirectorsCFMHoldings,Inc.Smyrna,TennesseeWehavecompiledtheaccompanyingconsolidatedbalancesheetofCFMHoldings,Inc.anditssubsidiaries,asofAugust31,2011,andtherelatedconsolidatedstatementsofincome,stockholders'equity,andcashflowfortheyearthenendedandtheaccompanyingsupplementaryinformation.Wehavenotauditedorreviewedtheaccompanyingconsolidatedfinancialstatementsandsupplementaryscheduleand,accordingly,donotexpressanopinionorprovideanyassuranceaboutwhethertheconsolidatedfinancialstatementsareinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica.CFMHoldings,Inc.(the"Company")isresponsibleforthepreparationandfairpresentationofthefinancialstatementsinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmericaandfordesigning,implementing,andmaintaininginternalcontrolrelevanttothepreparationandfairpresentationofthefinancialstatements.OurresponsibilityistoconductthecompilationinaccordancewithStatementsonStandardsforAccountingandReviewServicesissuedbytheAmericanInstituteofCertifiedPublicAccountants.Theobjectiveofacompilationistoassistmanagement(theowners)inpresentingfinancialinformationintheformoffinancialstatementswithoutundertakingtoobtainorprovideanyassurancethattherearenomaterialmodificationsthatshouldbemadetothefinancialstatements.However,wedidbecomeawareofadeparturefromgenerallyacceptedaccountingprinciplesthatisdescribedinthefollowingparagraph.AsdisclosedinNote21tothefinancialstatements,generallyacceptedaccountingprinciplesrequiretheprimarybeneficiaryofavariableinterestentitytoconsolidatethevariableinterestentityinitsfinancialstatements.ManagementhasinformedusthattheCompany'sfinancialstatementsdonotincludetheaccountsofrelatedentitiesthattheCompanyhasdeterminedarevariableinterestentities.TheeffectsofthisdeparturefromaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmericaontheconsolidatedfinancialposition,consolidatedresultsofoperations,andconsolidatedcashflowshavenotbeendetermined.Nashville,TennesseeNovember5,2012ASSETSCurrentassetsCashAccountsreceivable-tradeAffiliatesreceivableNotesreceivablePrepaidexpensesInventoriesRestrictedcashdepositsTotalcurrentassetsPropertyandequipmentAircraftEquipmentandmachineryBuildingsFurnitureandfixturesLeaseholdimprovementsCFMHOLDINGS,INC.ConsolidatedBalanceSheetAugust31,2011Less:AccumulateddepreciationPropertyandequipment,netOtherassetsDepositsOtherassetsOtherinvestmentsTotalotherassetsTotalassets$$30,4123,199,4641,703,37323,941439,8455,242,857290,04910,929,941543,0432,411,5121,351,269308,845358,4554,973,124(2,235,539)2,737,585175,320264,734138,472578,52614,246,052Seeindependentaccountants'compilationreportandaccompanyingnotestofinancialstatements.2LIABILITIESANDSTOCKHOLDERS'EQUITYCurrentliabilitiesAccountspayableAffiliatepayablesAccruedexpensesCreditcardspayableDeferredtaxliabilityNotespayableTaxespayableTotalcurrentliabilitiesOtherliabilitiesRefundablecustomerdepositsRefundableinsurancedepositsOtherinvestmentsTotalotherliabilitiesLongtermdebtTotalliabilitiesMinorityinterestinsubsidiariesStockholders'equityCommonstock-noparvalue10,000sharesauthorized;I,000sharesissuedandoutstandingAdditionalpaid-incapitalLess:TreasurystockRetainedearningsTotalstockholders'equityTotalliabilitiesandstockholders'equity$$4,251,685514,0987,75130,505343,4962,811,625296,9788,256,1381,693,491163,2091,211,0173,067,7172,620,92913,944,784440,31810,00081,885(67,846)(163,089)(139,050)14,246,052SalesCostofsalesPurchasesLaborSalescostsMaintenancecostInsurancecostsLeasecostsOthercosts-charterTotalcostofsalesGrossprofitonsalesOperatingexpensesOperatingincomeOtherincome(expense)InterestincomeOtherincomeInterestexpenseOtherexpenseTotalothernetincomeCFMHOLDINGS,INC.ConsolidatedStatementoflncomeYearEndedAugust31,20IIIncomebeforeincometaxesProvisionforincometaxesIncomebeforeminorityinterestsMinorityinterestsConsolidatedcomprehensivenetincome$32,133,9969,934,1223,955,1701,272,717857,406227,6436,583,2121,739,77424,570,0447,563,9526,910,688653,2649,943373,993(142,285)241,651894,915364,452530,463(309,921)$220,542Seeindependentaccountants'compilationreportandaccompanyingnotestofinancialstatements.3SupplementalDisclosureofCashFlowInformationIncometaxespaidInterestpaid$20,956142,285CFMHOLDINGS,INC.ConsolidatedStatementofStockholders'EquityYearEndedAugust31,2011CapitalTreasuryPaidinRetainedStockStockCapitalEarningsTotalBeginningofyear$10,000$(67,846)$81,885$(175,417)$(151,378)Netincome530,463530,463Lesspriorperiodadjustment(208,214)(208,214)Lessminorityinterest(309,921)(309,921)Endofyear$10,000$(67,846)$81,885$(163,089)$(139,050)Seeindependent accountants'compilationreportandaccompanyingnotestofinancialstatements.4CFMHOLDINGS,INC.ConsolidatedStatementofCashFlowYearEndedAugust31,2011CashflowsfromoperatingactivitiesConsolidatedcomprehensivenetincomeAdjustmentstoreconcilenetincometonetcashProvidedbyoperatingactivities:MinorityinterestearningsofVIEDepreciation(Increase)decreaseinAccountsreceivable-tradeAccountsreceivable-affiliateAccountsreceivable-officersNotesreceivablePrepaidexpensesInventoriesIncrease(decrease)inAccountspayableAffiliatepayablesCreditcardpayableLineofcreditShorttermnotespayableRefundableaccountreceivabledepositsTaxespayableAccruedexpensesNetcashprovidedbyoperatingactivitiesCashflowsfrominvestingactivitiesPurchasesofpropertyandequipmentInvestmentsNetcashusedbyinvestingactivitiesCashflowsfromfinancingactivitiesChangeintreasurystockNetchangesonlongtermdebtNetcashusedbyfinancingactivitiesNetdecreaseincashCash-beginningofyearCash-endofyear$$220,542309,921361,525(1,819,248)217,569(8,190)1,8881,790,294(196,824)1,228,908(552,485)(23,446)(933,442)(26,501)420,155194,824(107,126)1,078,364(1,751,665)241,554(1,510,111)(500)(22,917)(23,417)(455,164)485,57630,412Seeindependentaccountants'compilationreportandaccompanyingnotestofinancialstatements.5CFMHOLDINGS,INC.ANDSUBSIDIARIESYearEndedAugust31,2011NOTESTOCONSOLIDATEDFINANCIALSTATEMENTSNote1.PrinciplesofConsolidation,ReportingEntitiesandSummaryofSignificantAccountingPoliciesThissummaryofthesignificantaccountingpoliciesofCFMHoldings,Inc.,(the"Company")ispresentedtoassistinunderstandingtheCompany'sconsolidatedfinancialstatements.TheconsolidatedfinancialstatementsandnotesarerepresentationsoftheCompany'smanagement,whichisresponsiblefortheirintegrityandobjectivity.PrinciplesofConsolidationandReportingEntitiesTheconsolidatedfinancialstatementsincludetheaccountsoftheCFMHoldings,Inc.,CorporateFlightManagement,Inc.,whichis81.55%ownedbyCFMHoldings,Inc.,410Investors,LLC,whichis90.91%ownedbyJetquick,LLC,Jetquick,LLC,whichis51%ownedbyCorporateFlightManagement,Inc.,WingsofEagles,LLC,whichis70%ownedbyCorporateFlightManagement,Inc.,andJWNWingsofEagles,LLCwhichis50.10%ownedbyCorporateFlightManagement,Inc.Allmaterialintercompanyaccountsandtransactionsareeliminatedinconsolidation.BusinessActivitvCorporateFlightManagement,Inc.wasincorporatedonJuly26,1982,inaccordancewiththeTennesseeGeneralCorporationAct.TheCompany'sprimarypurposeistoconductbusinessinthefieldofaviation,charter,maintenance,aircraftmanagement,flightschool,andFBO.ThemainofficesandoperationsoftheCompanyarelocatedinSmyrna,Tennessee.CashandCashEquivalentsForfinancialstatementpurposes,theCompanyconsidersallcashandhighlyliquidinvestmentswhichhaveoriginalmaturitiesofthreemonthsorless,tobecashequivalents.UseofEstimatesThepreparationoffinancialstatementsinconformitywithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmericarequiresmanagementtomakeestimatesandassumptionsthataffectthereportedamountsofassetsandliabilitiesanddisclosureofcontingentassetsandliabilitiesatthedateofthefinancialstatementsandthereportedamountsofrevenuesandexpensesduringthereportingperiod.Actualresultscoulddifferfromthoseestimates.VariableInterestEntitiesFASBASC810requiresavariableinterestentity("VIE")tobeconsolidatedifapartywithownership,contractualorotherfinancialinterestintheVIE(avariableinterestholder)isobligatedtoabsorbamajorityoftheriskoflossfromtheVIE'sactivities,isentitledtoreceiveamajorityoftheVIE'sresidualreturns(ifnopartyabsorbsamajorityoftheVIE'slosses),orboth.AvariableinterestholderthatconsolidatedtheVIEiscalledtheprimarybeneficiary.6CFMHOLDINGS,INC.ANDSUBSIDIARIESYearEndedAugust31,2011NOTESTOCONSOLIDATEDFINANCIALSTATEMENTSNote1.PrinciplesofConsolidation,ReportingEntitiesandSummaryofSignificantAccountingPolicies-continuedAccountsReceivable-TradeandRevenueRecognitionAccountsreceivablearereflectedatestimatednetrealizablevalue.TheCompanyhaselectedtorecordbaddebtsusingthedirectwrite-offmethod.Generallyacceptedaccotmtingprinciplesrequirethattheallowancemethodbeusedtorecognizebaddebts;however,theeffectofusingthedirectwrite-offmethodisnotmateriallydifferentfromtheresultsthatwouldhavebeenobtainedundertheallowancemethod.InventoriesInventoriesconsistofparts,fuel,aircraftandworkinprocess.Inventoryiscalculatedonacostaveragesystem.PrepaidExpensesPrepaidexpensesareamortizedovertheperiodofbenefitusingthestraight-linemethod.PropertyandEquipmentPropertyandequipmentarestatedatcost.Depreciationiscomputedusingthestraightlinemethodoverestimatedusefullivesof3to39years.TheCompanyevaluateslong-livedassetsforimpairmentwhenevereventsorchangesincircumstancesindicatethatthecarryingamountofanassetmaynotberecoverable.Uponsuchanoccurrence,recoverabilityofassetstobeheldandusedismeasuredbycomparingthecarryingamounttoestimatedundiscountedfuturecashflows.IfthecaiTyingamountoftheassetexceedsitsestimatedfuturecashflows,animpairmentchargeisrecognizedbasedupontheamountbywhichthecarryingamountexceedsthefairvalueoftheasset.RevenueRecognitionRevenueisrecognizedwhentheeamingsprocessiscompleteandtherisksandrightsofownershiphavetransferredtothecustomer,whichisgenerallyconsideredtohaveoccurredwhenproductshavebeendelivered,andtitleandriskofownershippass.IncomeTaxesTheCompanyprovidesforincometaxesandrecognizesdefeiTedtaxliabilitiesandassetsfortheexpectedfuturetaxconsequencesoftemporarydifferencesbetweenthefinancialstatementcarryingamomltsandthetaxbasisofassetsandliabilities.AdvertisingCostsAdvertisingcostsarechargedtooperationswhenincurred.Advertisingexpensewas$45,160fortheyearendedAugust31,2011.7CFMHOLDINGS,INC.ANDSUBSIDIARIESYearEndedAugust31,2011NOTESTOCONSOLIDATEDFINANCIALSTATEMENTSNote2.ConcentrationofCreditRiskTheCompanymaintainsitscashbalancesinfourfinancialinstitutionslocatedinNashville,Tennessee.ThebalancesateachbankareinsuredbytheFederalDepositInsuranceCorporationatAugust31,2011.Note3.AccountsReceivable-TradeAnagingofAccountsReceivableatAugust31wasasfollows:Current30Days60Days90DaysandOverNote4.AccountsReceivable-AffiliatesJetstrean1Air,LLCCFMAirportDevelopment,LLCCFM-HLJointVentureMQY-WingsofEaglesMembersTotalAccountsReceivable-Affiliates2011$987,2211'l00,330532,289579,624$3,199,464August31,2011$1,480,877183,53438,494368100$1,703,373Duringtheperiod,CFMAutomotive,LLCcloseditsoperations.TheCompanywroteoff$22,324indebtowedbythesubsidiary.In2007,theCompanyacquired70%ownershipofWingsofEagles,LLC,aflightschooloperatingattwoairports.Priortothatperiod,theschoolhaddebtoutstandingintheamountof$435,983.Subsequently,theschoolswerereorganizedandtheownershipstructurechanged.In2011,managementelectedtowriteofftheaccumulateddebtowedbytheoriginalWingsofEagles,LLCintheamountof$435,983.8CFMHOLDINGS,INC.ANDSUBSIDIARIESYearEndedAugust31,2011NOTESTOCONSOLIDATEDFINANCIALSTATEMENTSNote5.NotesReceivableNotesreceivablecomprisetwoseparatenotesfromChuckHowellandDavidAugustin,bothpartownersoftheCompany.AtAugust31,2011thebalancesofNotereceivable-ChuckHowellandDavidAugustinwere$11,431and$12,510,respectively.Note6.InventoriesInventoriesconsistedofthefollowingatAugust31:AircraftPartsWorkinProcessFuelTotalInventoriesNote7.RestrictedCashDeposits2011$1,350,5001,298,0882,516,78977,480$5,242,857TheCompanyholdsinsuranceescrowdepositsfordifferentpoliciesaswellasletterofcreditdeposits.ThebalanceatAugust31,2011is$290,049.Note8.InvestmentsInvestmentsinrelatedentitiesatAugust31,20IIconsistedofthefollowing:Investment-GBAGyroplanesInvestment-JetstreamAir(deficit)TotalNetInvestments(deficit)Note9.CreditCardsPayableEquity$138,472$138,472Deficit$(1,211,017)($1,211,017)TheCompanycurrentlyhasa$500,000limitcreditcardforoperatingaircraftandpartsinventorypurchases.AsofAugust31,2011,thebalancewas$30,505.9CFMHOLDINGS,INC.ANDSUBSIDIARIESYearEndedAugust31,2011NOTESTOCONSOLIDATEDFINANCIALSTATEMENTSNote10.AffiliatesPayableAffiliatespayableatAugust31consistedofthefollowing:JetstreamAir,LLCCFMAirportDevelopmentDuetoStockholdersTotalAffiliatesPayableNote11.RefundableCustomerDeposits2011454,97517,31641,807$514,098TheCompanyrequirescustomerdepositsbeforeundertakinglargemaintenanceprojectsorbookingflighttimes.ThefollowingisasummaryofallrefundablecustomerdepositsatAugust31,2011:CharterPrepaysMaintenanceRefurbishmentMaintenancePrepaysFBO-Pre-purchasesAircraftSalesTotalRefundableCustomerDepositsNote12.RefundableInsuranceDeposits$2011311,4081,073,554226,90826,77254,8491,693,491TheCompanyoffersthemanagedaircraftownerstheopportunitytopmiicipateintheCompany'sfleetinsuranceprogrmn,whichusuallyaffordssomediscountsonpremiumsduetovolumebuying.Aspartofthefleetinsuranceprogram,theinsurancecompanyrequiresadepositasreserveagainstmonthlypremiums.TheCompanypaysthedeposit(recordedasrestrictedcash)fromcashreceivedfromeachowner.TheCompm1yisobligatedtoreimburseeachaircraftownerwhentheaircraftleavestheinsuranceprogram.10CFMHOLDINGS,INC.ANDSUBSIDIARIESYearEndedAugust31,2011NOTESTOCONSOLIDATEDFINANCIALSTATEMENTSNote13.NotesPayableNotesPayableatAugust31consistedofthefollowing:(1)-ChappellSmith&Associates(2)-ReliantBank(3)-FirstTennessee( 4)-BancorpSouthBank(5)-BancorpSouthBank(6)-CivicBank&Trust(7)-BankLineofCredit-Pinnacle(8)-BankLineofCredit-Reliant(9)-FirstInsuranceFundingGroup(10)-CivicBank(583)(11)-A.Howell(12)-JetstreamSales(13)-RicardoTostada(14)-JohnFloyd(15)-HvizdakLoan(16)-PinnacleBank(17)-BeaconFederalBank(18)-BeaconFederalBank(19)-RegionsBank(20)-ReeceHowellTotalNotesPayable$Cun·ent8,854137,439106,7607,1196,043228,000359,388150,5771,60630,000128,500393,928463,318117,256627,32413,74321,33810,432$2,811,6252011Noncurrent$285,0798,9791,386,044780,8291,89840,49235,8884,96276,758$2,620,929(1)NotepayabletoChappellSmith&Associates,payableinmonthlyinstallmentsof$1,500-interestonlyat6%throughJanuary2016,unsecured.(2)NotepayabletoReliantBank,payableinmonthlyinstallmentsof$738,includinginterestat6.5%throughOctober2013,unsecured.(3)NotepayabletoFirstTennessee,payableinmonthlyinstallmentsof$11,453,includinginterestat3.25%throughSeptember2013.Collateralizedbyaircraft565HK.(4)NotepayabletoBancorpSouthBank,payableinmonthlyinstallmentsof$8,897,includinginterestat6.25%throughAugust2024.CollateralizedbyWestSideFBObuilding.(5)NotepayabletoBancorpSouthBank,payableinmonthlyinstallmentsof$593,includinginterestat7.75%throughNovember2012.CollateralizedbyJeepWrangler.(6)NotepayabletoCivicBank&Trust,payableinmonthlyinstallmentsof$625,includinginterestat7.7%throughJune2012.Collateralizedbyaccow1treceivablesandinventories.11CFMHOLDINGS,INC.ANDSUBSIDIARIESYearEndedAugust31,2011NOTESTOCONSOLIDATEDFINANCIALSTATEMENTSNote13.NotesPayable-continued(7)LineofCreditwithPinnacleBank,payableinmonthlyinstallmentsof$677,includinginterestat5%throughJanuary2012.Collateralizedbyaccountreceivablesandinventories.(8)LineofCreditwithReliantBank,payablemonthly-interestonlyat6.25%untilplanesaresold.CollateralizedbytwoJ-32aircraft.(9)NotepayabletoFirstInsuranceFundingGroup,payableinmonthlyinstallmentsof$38,112includinginterestat5.95%throughDecember2011.Insurancepolicypremiumsarefinancedforninemonths,renewableeachApril.(10)NotepayabletoCivicBank&Trust,payableinmonthlyinstallmentsof$477includinginterestat7.25%throughMay2012.Collateralizedbyaccountreceivablesandinventories.(11)NotepayabletoA.Howell,nomonthlypaymentsandnointerestrate,unsecuredwithnomaturitydate.(12)NotepayabletoJetstreamSalesforthedownpaymentonPhenomPosition.Nomonthlypaymentsandnointerestrate.Unsecuredwithnomaturitydate.(13)NotepayabletoRicardoTostada,nomonthlypaymentsandnointerestrate,forthebalanceduefromSaleofaircraftN913ae.Unsecuredwithnomaturitydate.(14)NotepayabletoJohnFloyd,nomonthlypaymentsandnointerestrate,unsecuredandamaturitydateofAugust2012.(15)NotepayableondemandtoHvizdak,nomonthlypaymentswithaninterestrateof10%.Unsecured.(16)NotepayabletoPinnacleBank,payableinmonthlyinstallmentsof$9,840includinginterestat5.5%throughSeptember2012.CollateralizedbytwoJ-32aircraft.(17)NotepayabletoBeaconFederalBank,payableinmonthlyinstallmentsof$1,145includinginterestat8.25%throughApril2016.Collateralizedbyaircraft.(18)NotepayabletoBeaconFederalBank,payableinmonthlyinstallmentsof$1,778includinginterestat8%throughSeptember2016.Collateralizedbyaircraft.(19)NotepayabletoRegionsBank,payableinmonthlyinstallmentsof$869includinginterestat8.3%throughMarch2013.Collateralizedbyflightsimulatorforflightschool.(20)NotepayabletoReeceHowell.TheCompanyhasnotmadeanypaymentsandfuturepaymentsarenotknownatthistime.12CFMHOLDINGS,INC.ANDSUBSIDIARIESYearEndedAugust31,2011NOTESTOCONSOLIDATEDFINANCIALSTATEMENTSNote13.NotesPayable-continuedFutureminimumpaymentsunderthenotespayabletothebanksareasfollows:YearEndingAugust31,20122013201420152016$2,811,625Thereafter286,2621,246,222196,523391,839500,084$5,432,554Note14.OperatingLeases(Non-RelatedParty)TheCompanyalsoconductsoperationsfromfacilitiesthatareleasedunderoperatingleases.Rentalexpenseundertheseleasesamountedto$918,827fortheyearendedAugust31,2011.Thefutureminimumrentalpaymentundertheseleasesforthenextfiveyearsandintheaggregateisasfollows:YearEndingAugust31,20122013201420152016TotalNote15.TaxesPayableFacilities$940,476$940,476940,476940,476940,4764,702,380TaxespayableconsistedofthefollowingatAugust31:SalesTaxPayrollTaxesAccruedandWithheldStateTaxesFederalTaxesPropertyTaxesTotalTaxesPayable13Equipment$90,046$89,31283,32071,34871,082405,1082011$43,796123,91385,97631,69111,602$296,978CFMHOLDINGS,INC.ANDSUBSIDIARIESYearEndedAugust31,20IINOTESTOCONSOLIDATEDFINANCIALSTATEMENTSNote16.IncomeTaxesIncometaxexpenseincludesfederalandstatetaxescurrentlypayableanddeferredtaxesarisingfromtemporarydifferencesbetweenincomeforfinancialreportingandincometaxpurposes.TheprovisionforincometaxesfortheyearendedAugust31,2011consistedofthefollowingcomponents:FederalStateTotalCurrentTaxExpense$$20,956$20,956DeferredTax(Benefit)Expense313,09130,405343,496TotalIncomeTax(Benefit)Expense$313,091$51,361$364,452Deferredtaxesresultfromdifferencesintherecognitionofdepreciationexpensefortaxandbookpurposes.AmountsfordeferredtaxliabilitiesatAugust31,2011,wereasfollows:FederalStateTotalDeferredTaxAsset/(Liability)($313,091)($30,405)($343,496)Note17.ContingentLiabilitiesTheCompanyisaguaranteeonthefollowingnotepayablesasofAugust31,2011:BankHLAviationArvestBankRegionsBankBeaconFederalBeaconFederalCollateralRealestate,Hangarat JohnTuneAirportSevenJ-32aircraftFlightsimulatoratSmyrnaAirportAircraft223NHAircraft342DSTotalNote18.EmployeeRetirementPlanAmount$1,016,5111,586,61615,33854,23557,237$2,729,937TheCompanyofferstoitsemployeesa401(k)PlanasdefinedbySection401(k)oftheInternalRevenueCode.ThisplanisaMultipleEmployerPlanandcoversallemployees,age21orolder,whohavesixmonthsormoreofservice.TheCompanymatches50%ofthefirst6%oftheemployee'scontributions.Thecontributionsareinvestedeitherinamutualfundoramoneymarketfundwhichisdecidedbytheemployee.Anemployeeis100%vestedoncetheybecomeeligibletoparticipateintheplan.Theamountcontributedtotheplanandchargedtooperationswas$38,039,fortheyearendedAugust31,2011.14CFMHOLDINGS,INC.ANDSUBSIDIARIESYearEndedAugust31,2011NOTESTOCONSOLIDATEDFINANCIALSTATEMENTSNote19.OtherIncomeOtherincomeconsistedofthefollowingatAugust31:IncomefromInvestment-MQYWingsofEagles,LLCIncomefromInvestment-JetstreamSales,LLCIncomefromInvestment-JetstreamAir,LLCIncomefromInvestment-CFMAutomotiveLossfromInvestment-CFMAutomotiveLossfromInvestment-CFMHLJointVentureTotalNote20.EconomicDependency$201120,478284,61371,3404,611(4,371)(2,678)373,993Adownturninaircraftcharterandaircraftmaintenance/fuelsalescouldhaveanadverseeffectonCompanyoperations.Note21.UnconsolidatedRelatedPartiesTheCompanyhasexcludedthefinancialstatementsofthefollowing entitiesfromconsolidationwiththeaccompanyingfinancialstatements:MQYWingsofEagles,LLCCFMAutomotive,LLCCFMHLJointVentureJetstreamSales,LLCJetstreamAir,LLCCFMAirportDevelopment,LLCFinancialAccountingStandardsBoard("FASB")InterpretationNo.46,ConsolidationofVariableInterestEntities,(FASBAccountingStandardsCodification(ASC)810-10,Consolidatiom)requiresconsolidationoftheseentities.Theeffectsofthisconsolidationhavenotbeendetennined.Note22.PriorPeriodAdjustmentDuetoworkinprocesscostingprocedures,theCompanydiscoveredthatcertaininventorytransactionswerenotbeingproperlyclosed.ThisresultedinanoverstatementofworkinprocessbalancesforyearsendedAugust31,2007-2010.Thisadjustmentresultedinadecreasetoinventoryandretainedearnings.15CFMHOLDINGS,INC.ANDSUBSIDIARIESYearEndedAugust31,2011NOTESTOCONSOLIDATEDFINANCIALSTATEMENTSNote23.SubsequentEventsTheCompanyiscurrentlybeingauditedbytheInternalRevenueServiceforFederalExciseTaxpurposes.Thecurrentauditinvolvestaxyear20l0.Theprimaryauditissueistheinterpretationofthedefinitionof"commercialaviation"asdefinedinarecentChiefCounseladvicememorandumwhichwasissuedin2012.Thisimpactstheownersuseofmanagedaircraft.TheCompanydoesexpectanauditadjustmentandapotentialtaxassessmentbuttheamountisnotknownatthistime.16SUPPLEMENTARYINFORMATIONOperatingexpensesCFMHOLDINGS,INC.ConsolidatedScheduleofExpensesYearEndedAugust31,20IIAdvertisingandmarketingAutoBaddebtDepreciationDuesandsubscriptionsEmployeetraininganduniformsFeesInsuranceRent-realpropertyMaintenanceandrepairsMealsandentertainmentMiscellaneousOfficeOfficerslifeinsuranceProfessionalservicesSalariesandwagesTaxesTravelUtilitiesTotaloperatingexpensesSeeindependentaccountants'compilationreport.17$45,16045,140710,965361,525104,333153,833302,806258,136918,827111,62918,09137,666148,09710,503120,5193,075,86357,91187,085342,599$6,910,688

# CORPORATE FLIGHT MANAGEMENT, INC.

Smyrna, Tennessee

Compiled Financial Statements

Interim Statement for the period through 1-31-13INTERNALLY PREPARED INTERIM STATEMENT January 31, 2013

To the Board of Directors CFM Holdings, Inc. Smyrna, Tennessee

The accounting staff of Corporate Flight M anagement, Inc., the primary operating company and subsidiary of CFM Holdings, Inc., has compiled the following balance sheet and income statement for Corporate Flight Management, Inc. representing the interim period ending January 31, 2013. In addition, notes to the financials have been prepared to support the statements. The numbers were not audited or reviewed internally or externally by an outside accounting firm.

Generally, the company adheres to generally acc epted accounting principles and accordingly endeavors to present a fair representation of the financial statements according to these principles.

To the best of my knowledge, the information provided in the following report is accurate and fairly represents the financial results of the interim period ending January 31, 2013.

Best regards,

Doug Cate Chief Financial Officer Corporate Flight Management, Inc.2:37 PM
03/15/13
Accrual Basis Corporate Flight Management, Inc. 

### Balance Sheet
As of January 31, 2013

Jan 31, 13

ASSETS

Current Assets
Checking/Savings

1000000 · Bank Accounts

1000210 · Pinnacle
1000204 · Pinnacle Operating-2526 -203,075.26

1000205 · Pinnacle -JWN ZBA-2598 -420.40

1000206 · Pinnacle -MQY ZBA-2566 -66,887.48
1000207 · Pinnacle-Special Escrow-2534 572.41
1000208 · Pinnacle- Payroll-4422 -38,677.29

Total 1000210 · Pinnacle -308,488.02

1000211 · Regions
1000101 · Regions Operating-7653 9,857.56 1000103 · Regions Special Escrow-0801 -2.65
Total 1000211 · Regions 9,854.91

1000212 · Other
1000320 · Cap Star - 61720 17.07

1000340 · Fifth Third merchant-7360851211 28,011.81

100350 · Beacon- 1866678 145.00

Total 1000212 · Other 28,173.88

Total 1000000 · Bank Accounts -270,459.23

1010000 · Cash/ Restricted
1010005 · Petty Cash - MQY 700.00
1010010 · Petty Cash - JWN 200.00
1010015 · Restricted Deposits 263,838.51

Total 1010000 · Cash/ Restricted 264,738.51

Total Checking/Savings -5,720.72

Accounts Receivable

1200000 · Accounts Receivable 2,734,887.80

Total Accounts Receivable 2,734,887.80

Other Current Assets

1210000 · Other Accounts Receivable

1210050 · Officer Receivable A. Howell 86,016.01
1210075 · Officer Receivable - D Augustin 188,544.91
1210076 · Social Flights Receivable 164,794.85

1210077 · MAS Receivable 225,753.72

1210078 · Jet Finance Receivable 107,013.58

Total 1210000 · Other Accounts Receivable 772,123.07

1220000 · Receivables - Affiliates
1220005 · CFM Airport Development Co, LLC 192,077.31
1220010 · CFM Holdings, Inc. 650,487.61
1220015 · Jetstream Air, LLC 1,318,650.01
1220020 · JetStream Sales, LLC 1,987.10

1220055 · CFM-HL Joint Venture 125,699.72

Total 1220000 · Receivables - Affiliates 2,288,901.75

<1 of 7>2:37 PM
03/15/13
Accrual Basis Corporate Flight Management, Inc. 

### Balance Sheet
As of January 31, 2013

Jan 31, 13

1250000 · Notes Receivable
1250020 · Note Receivable-D.Augustin 12,510.35

Total 1250000 · Notes Receivable 12,510.35

1300000 · Inventory
1300100 · Inventory Fuel and Oil
1300110 · Jet Fuel Inventory-JWN 37,326.12
1300115 · Avgas Inventory-JWN 77,429.95
1300120 · Oil & Supply Inventory-JWN 2,679.00
1300125 · Jet Fuel Inventory-MQY -10,730.40
1300130 · Avgas Inventory-MQY 33,538.51
1300140 · Oil & Supply Inventory-MQY 1,183.75
1300150 · Jet Fuel Inventory-DXR 51,822.89
Total 1300100 · Inventory Fuel and Oil 193,249.82

1300200 · Inventory Flight Store
1300205 · Flight Store Inventory-JWN 5,745.99 1300210 · Flight Store Inventory-MQY 2,294.31
Total 1300200 · Inventory Flight Store 8,040.30

1300300 · Inventory Mtx Parts
1300305 · Parts Inventory - MQY 1,429,419.79
1300310 · Cores-Engines 60,000.00
1300315 · Cores Inventory-MQY 166,773.92
1300320 · Work in Progress-MQY 739,541.52
Total 1300300 · Inventory Mtx Parts 2,395,735.23

1300400 · Inventory Planes

1300405 · N10UP 800,000.00

1300410 · N858CY 1,098,920.70
Total 1300400 · Inventory Planes 1,898,920.70

Total 1300000 · Inventory 4,495,946.05

1350000 · Prepaid Assets
1350100 · Prepaid Insurance Policies 77,424.08
1350200 · Prepaid Inventory/Contractors

1350207 · Aviall 52,222.15
1350208 · Honeywell UK 14,090.22

1350209 · Garmin 11,296.37

1350211 · API 50,459.24

1350215 · BAE 862.07
1350218 · McKinley Air 375.00
1350222 · Southeast Aerospace 1,300.00
1350230 · EJP/Syracuse 29,160.00
1350240 · Graham Aircraft Engine 2,255.87

1350242 · Turbine Standard Ltd 1,500.00

1350245 · Victor Aviation 17,464.50
Total 1350200 · Prepaid Inventory/Contractors 180,985.42

1350300 · Prepaid Taxes 10,600.00
Total 1350000 · Prepaid Assets 269,009.50

<2 of 7>2:37 PM
03/15/13
Accrual Basis Corporate Flight Management, Inc. 

### Balance Sheet
As of January 31, 2013

Jan 31, 13

1500000 · Employee Receivables
1500010 · Misc. Employees 554.42
Total 1500000 · Employee Receivables 554.42

Total Other Current Assets 7,839,045.14

Total Current Assets 10,568,212.22

Fixed Assets

1400000 · Fixed Assets
1400101 · Computer Equip & Sftwre-JWN 5,957.00
1400102 · Computer Equip & Sftwre-MQY-FBO 6,161.75
1400103 · Computer Equip & Sftwre-MQY-MTX 100,359.85
1400104 · Computer Equip & Software-ADM 115,678.26
1400105 · Computer Equip & Software-Chrtr 40,349.64

1400201 · Furniture & Fixtures - JWN 23,162.24

1400202 · Furniture & Fixtures New FBO 62,991.00

1400203 · Furniture & Fixtures - MQY 176,362.86

1400205 · Furniture & Fixtures - Charter 44,089.41
1400301 · Ground Service Equipment-JWN 13,254.25
1400303 · Ground Service Equipment-MQY 56,890.53
1400304 · Ground Service Equipment-DXR 19,090.00
1400402 · Hangers & Other Bldgs 1,351,269.00
1400501 · Leasehold Improvements-JWN 96,138.91
1400503 · Leasehold Improvements-MQY 264,858.93
1400504 · Leasehold Improvements-DXR 8,942.03
1400601 · Radio & Comm Equipment 4,870.42
1400703 · Shop Equipment-MQY 285,492.32
1400800 · Transportation-Planes 1,710,545.84
1400801 · Transportation Equipment 85,752.17

Total 1400000 · Fixed Assets 4,472,216.41

1410000 · Accumulated Depreciation

1410001 · Accum. Amortization-LI -251,548.24
1410002 · Accum. Depn - Hanger & Bldgs -308,651.16
1410003 · Accum. Depn-Furn. & Fixtures -457,041.30
1410004 · Accum. Depn-Shop Equipment -360,774.89
1410005 · Accum. Depn - Planes -558,438.01
1410006 · Accum Depn - Transp Equip. -30,963.27
Total 1410000 · Accumulated Depreciation -1,967,416.87

Total Fixed Assets 2,504,799.54

Other Assets

1600000 · Affiliated Interests

1600003 · CFM-HL Joint Venture-Interest -2,225.00

1600025 · JetStream Sales-Interest -123,625.35
1600030 · JWN Wings of Eagles-Interest 14,966.00
1600035 · MQY Wings of Eagles Interest -97,909.00
1600045 · Wings of Eagles Interest 1,793.00

1600046 · Goose 5 LP Interest 140,000.00

Total 1600000 · Affiliated Interests -67,000.35

<3 of 7>2:37 PM
03/15/13
Accrual Basis Corporate Flight Management, Inc. 

### Balance Sheet
As of January 31, 2013 Jan 31, 13

Total Other Assets -67,000.35

TOTAL ASSETS 13,006,011.41

LIABILITIES & EQUITY

Liabilities

Current Liabilities
Accounts Payable
2000000 · Accounts Payable 4,232,081.08
Total Accounts Payable 4,232,081.08

Credit Cards

2010000 · Credit Card

2019000 · Fifth Third Mastercard

2019005 · Allen - 6843 -566.54

2019010 · Anderson - 8213 157.73
2019015 · Augustin - 9994/9391 -688.90

2019016 · Austin - 5561 567.53

2019025 · Barnum - 8529 3.35

2019041 · Brusch - 5760 -165.00

2019045 · Bullard - 1419 118.98

2019065 · Clarke - 9615/3094 2,701.44

2019081 · Davis - 2723 2,681.45

2019090 · Denson - 5845 106.04

2019091 · Feemster - 5124 35.78

2019101 · Follis - 4731 1,653.38

2019102 · Cate - 1330 4,559.40

2019103 · Mason - 8812 1,608.68

2019105 · Gomela - 6328 1,738.81

2019110 · Ham - 4705 3,006.37

2019121 · Henderson - 5579 13.50

2019140 · Hunsicker - 5910 2,026.79

2019141 · Jacks - 1643 50.00
2019155 · McMurry - 5951 469.47

2019165 · Nizan - 1435/3102 1,269.10

2019176 · Pearson - 3137 88.62
2019185 · Rapier - 9800 10,390.62

2019205 · Solomon - 6033 11,603.37

2019216 · Szabo - 3145 1,334.09

2019230 · Warnecke - 1443 5,948.09

Total 2019000 · Fifth Third Mastercard 50,712.15

Total 2010000 · Credit Card 50,712.15

Total Credit Cards 50,712.15

Other Current Liabilities

2040000 · Bank Lines of Credit

2040001 · Bank Line of Credit 250,000.00

Total 2040000 · Bank Lines of Credit 250,000.00

2070000 · Notes Payable - Owners
2070002 · Notes Payable - A.Howell 17,000.00

<4 of 7>2:37 PM
03/15/13
Accrual Basis Corporate Flight Management, Inc. 

### Balance Sheet
As of January 31, 2013
Jan 31, 13

2070003 · Notes Payable - D.Cate 2,500.00
Total 2070000 · Notes Payable - Owners 19,500.00

2100000 · Accrued Expenses
2100002 · Workers Comp 3,921.08

2100003 · BCBS -76,826.37

2100004 · Dental -9,873.39

2100005 · Vision -1,444.64

2100006 · FSA 4,878.84
2100007 · Life, LTD and STD 3,945.30

2100010 · Fed. W/H -585.70

2100011 · Social Sec/Medicare -137.10

2100012 · FUTA 3,115.35

2100013 · SUTA 17,466.37
2100014 · State Withholding -848.34

2100015 · Business Tax 5,708.57
2100016 · Property Tax -8,988.49
2100017 · Sales Tax Payable 24,919.00

2100018 · FET 76,184.79
2100019 · Franchise Excise (F&E) 22,846.28
2100020 · KY landing tax 52,533.38

2100022 · HSA Contributions -1,188.73
Total 2100000 · Accrued Expenses 115,626.20

2250000 · Prepaid Accts Receivable
2250002 · Air Century 4,200.00
2250046 · Lampo Group VIP 38,139.21
2250061 · Pitch Link, LLC N900GA 35,000.00

2250200 · Charter
2250031 · Syracuse University 32,400.00
2250036 · Gary Cosay VIP 27,884.66

2250037 · Richard Handler VIP 28,129.29

2250044 · Britt Sexton VIP 68,652.02
2250049 · Dotty Adams VIP 91,605.16
2250052 · Holborn Corp VIP 25,337.53

2250054 · Dollar General VIP 103,050.39
2250055 · Pink Dog VIP 23,427.45
2250058 · McNamara, Kevin VIP 35,878.57
2250067 · Jack Attaway 5,463.15

2250070 · E-Plus VIP 46,692.37

2250081 · American Addiction Centers 172,148.85

Total 2250200 · Charter 660,669.44

2250300 · Maintenance
2250029 · Southwest Florida Land Develop 536.34
2250073 · Missionary Flights and Services 10,850.53
2250075 · Yokley, Steven 6,000.00
2250076 · Cando Air, LLC 15,556.86
2250080 · UP Development N100TW 97,261.00

Total 2250300 · Maintenance 130,204.73

2250400 · FBO

2250012 · Howard Graves 365.00
2250017 · Klaritch, Thomas 365.00

<5 of 7>2:37 PM
03/15/13
Accrual Basis Corporate Flight Management, Inc. 

### Balance Sheet
As of January 31, 2013 Jan 31, 13

2250020 · Momentum Group 1,200.00
2250030 · Sutherland, Brian 365.00

2250038 · MC Aviation 2,000.00

2250039 · TCJS 45.00

2250065 · Aero Cab 1,500.00

Total 2250400 · FBO 5,840.00

2250500 · Leasing / Sales
2250041 · Driscoll Childrens Hospital 49,500.00

2250045 · Vee Neal 56,400.00
2250051 · New Flight Evolution 25,000.00
2250077 · Public Charters, Inc 17,746.62
Total 2250500 · Leasing / Sales 148,646.62

Total 2250000 · Prepaid Accts Receivable 1,022,700.00

2300000 · Refundable Insurance Deposits
2300001 · 739 Flight Mgmt (569ST) 8,141.75
2300004 · Blue Canyon (32PE) 4,970.00
2300006 · CKU (701DA) 4,979.50
2300007 · CKU (874CP) 7,381.00
2300008 · Diamond Charter Holding, LLC 3,695.00

2300011 · Executive Jet Partners 784JP 4,578.75
2300012 · Hvizdak (487UE) 3,605.11
2300013 · Jacobson, Harry 4,966.00

2300015 · JetStream Sales 1,763.75
2300018 · MRCLG, LLC - N23VP 4,060.00
2300020 · N365ea, LLC 4,603.25
2300021 · N560HG, LLC 5,191.50
2300023 · Signature Aviation, LLC - N525A 4,600.00
2300027 · Ten Thousand Air, 644rm 4,890.75
2300028 · Big Sky, 703rb 5,890.50
2300029 · B100,847d 3,695.25
2300030 · HL Aviation, 481ns 3,551.75
2300031 · UP Development-N100TW 3,812.00
Total 2300000 · Refundable Insurance Deposits 84,375.86

Total Other Current Liabilities 1,492,202.06

Total Current Liabilities 5,774,995.29

Long Term Liabilities
2060000 · Long Term Liabilities
2060001 · BanCorp South 833,304.27
2060003 · Chapell Smith-operating 255,450.91
2060004 · Chappell, Tom (564) 97,735.78

2060006 · First Tn - 564hk - 50053046 1,375,722.06

2060007 · Hvizdak Loan 44,441.28
2060008 · J.Floyd Loan 361,937.34

2060009 · Jetstream Sales 48,500.00
2060010 · Pinnacle Bank 91000 (865-858) 513,412.98
2060012 · Ricardo Tostado (913) 393,928.08

2060013 · Quantum Control 29,274.24
2060014 · Executive Group Holdings, LLC 100,000.00

<6 of 7>2:37 PM
03/15/13
Accrual Basis Corporate Flight Management, Inc. 

### Balance Sheet
As of January 31, 2013

Jan 31, 13

2060015 · John R. Patrick 50,000.00
2060017 · Ally Financial (2012 van) 21,877.21

2060019 · Dell Financial Services 13,494.19 2060020 · Ally Financial (2011 van) 21,578.43
Total 2060000 · Long Term Liabilities 4,160,656.77

Total Long Term Liabilities 4,160,656.77

Total Liabilities 9,935,652.06

Equity
3000000 · Equity
3000002 · Capital Stock 10,000.00
3000005 · Paid in Capital 81,885.00 3000015 · Treasury Stock -67,846.26
Total 3000000 · Equity 24,038.74

3000090 · Retained Earnings 2,754,810.21

Net Income 291,510.40
Total Equity 3,070,359.35

TOTAL LIABILITIES & EQUITY 13,006,011.41

<7 of 7>2:28 PM
03/15/13
Accrual Basis Corporate Flight Management, Inc. 

### Profit & Loss
September 2012 through January 2013

Sep '12 - Jan 13

Ordinary Income/Expense

Income

4001000 · Administration 4001005 · Accounting/Mgmt Svcs 25,083.34

Total 4001000 · Administration 25,083.34

4002000 · Charter Flight Operations
4002010 · Charter Hourly Rate 4,327,663.45

4002030 · Crew Per Diem 34,228.88
4002040 · Daily Crew Charge 217,110.00

4002050 · Fuel - Home 221,719.69
4002070 · Fuel Surcharge 233,705.60

4002080 · Hotel 30,790.65
4002090 · Landing Fees 202,325.77
4002100 · Management Fee 359,202.38

4002110 · Other Services 46,597.26
4002120 · Overnight 208,110.00

4002130 · Rental Car 27,698.26

4002140 · Wait Time 15,582.00
Total 4002000 · Charter Flight Operations 5,924,733.94

4003000 · Fixed Base Operations-FBO
4003010 · Aircraft Cleaning 9,474.99
4003020 · Catering 1,912.85

4003030 · Commissions/Rentals 7,727.10
4003040 · Flight Store 2,802.77
4003050 · Fuel - Avgas 578,204.85

4003070 · Fuel - Jet A 1,242,772.46

4003080 · Fuel Tax Credit 54,205.64
4003090 · Fueling Svcs-Into/flowage 225,347.78
4003100 · Ground Handling 66,338.78
4003110 · Hangar Rent 211,805.38

4003120 · Office Rent 33,050.00

4003130 · Oil Sales 3,493.78

4003140 · Tow/Tie Down 17,499.16
4003145 · Discounts or Adjustments -4,884.35
Total 4003000 · Fixed Base Operations-FBO 2,449,751.19

4006000 · Maintenance
4006010 · Commissions/Warranty 0.00

4006020 · Consumables 26,225.06
4006030 · Equipment Rental 0.00
4006040 · Freight 61,579.81

4006050 · Labor Sales 937,250.57
4006060 · Manuals-Revisions-Subscriptions 0.00

4006070 · Other Services/Fees 371,913.59

4006080 · Parts Sales 2,175,633.90

4006090 · SubContract Sales 606,106.11
4006095 · Discounts or Adjustments -67,470.17

Total 4006000 · Maintenance 4,111,238.87

<1 of 5>2:28 PM
03/15/13
Accrual Basis Corporate Flight Management, Inc. 

### Profit & Loss
September 2012 through January 2013

Sep '12 - Jan 13

4007000 · Aircraft Sales and Leasing

4007020 · Aircraft Lease 458,128.10

4007030 · Broker Commission 109,435.04
4007040 · Consulting 150.00

4007050 · Sales 30,000.00
Total 4007000 · Aircraft Sales and Leasing 597,713.14

9999999 · Clearing Account 0.00

Total Income 13,108,520.48

Cost of Goods Sold
5002000 · Charter Flight Dept.
5002010 · Aircraft Lease- Hourly 1,907,011.85
5002020 · Aircraft Revenue/Profit Split 8,108.95
5002030 · Aircraft Lease Costs-Broker,mtx 308,740.26
5002040 · Catering 27,113.21

5002050 · Crew Cost - Other 12,542.35

5002060 · Crew Cost - Airline Tickets 4,800.39

5002070 · Crew Cost - Car Rental 26,611.23

5002080 · Crew Cost - Hotel 120,999.41

5002090 · Crew Per Diem 67,543.61

5002095 · Fuel Costs 1,290,703.58

5002100 · Labor-Pilots 797,382.16

5002110 · Labor - Fuel At Home 78,107.23
5002120 · Landing Fees 152,918.84

5002130 · Other Services 31,898.03
Total 5002000 · Charter Flight Dept. 4,834,481.10

5003000 · FBO- Fixed Base Operations
5003010 · Catering 126.85
5003020 · Flight Store 2,069.67
5003030 · Fuel - Adjustments -77,110.32
5003040 · Fuel - Avgas 453,726.65
5003050 · Fuel - Flowage/Into Fee 49,192.61

5003060 · Fuel - Jet A 1,028,573.27

5003070 · Labor 265,214.46

5003080 · Oil 3,219.94
Total 5003000 · FBO- Fixed Base Operations 1,725,013.13

5006000 · Maintenance Dept.

5006010 · Commissions -22,777.04

5006020 · Consumables 26,833.90
5006040 · Freight 98,608.72

5006050 · Labor 878,116.56

5006070 · Other Services 375,048.04

5006080 · Parts 356,489.11

5006090 · SubContract 849,235.81
5006100 · Warranty -5,600.14
Total 5006000 · Maintenance Dept. 2,555,954.96

<2 of 5>2:28 PM
03/15/13
Accrual Basis Corporate Flight Management, Inc. 

### Profit & Loss
September 2012 through January 2013 Sep '12 - Jan 13

5007000 · Aircraft Sales/Leasing Dept.

5007010 · Aircraft Cost 0.00

5007020 · Aircraft For Sale Insurance 6,022.40

5007030 · Aircraft For Sale Interest Cost 12,278.90

5007040 · Aircraft For Sale Lease Pmts 183,454.30

5007050 · Aircraft Lease Cost 36,468.70
5007060 · Aircraft mtx, fuel misc. 56,501.69

5007080 · Labor-salesmen 3,987.06 5007090 · Settlement/Closing Cost 20,000.00
Total 5007000 · Aircraft Sales/Leasing Dept. 318,713.05

Total COGS 9,434,162.24

Gross Profit 3,674,358.24

Expense
6000000 · Personnel Expenses

6000005 · Administrative/Office 403,892.28
6000015 · Drug Test 2,044.75
6000020 · Maintenance personnel 752,376.86

6000025 · Officers 271,222.02

6000030 · Charter Personnel 311,003.01

6000035 · FBO Personnel 86,079.35
6000040 · Training 157,575.74

6000045 · Uniforms 12,302.86
Total 6000000 · Personnel Expenses 1,996,496.87

6000100 · Advertising & Promotions 16,823.50

6000200 · Bad Debts

6000205 · Bad Debt Write off 36,326.60

Total 6000200 · Bad Debts 36,326.60

6000300 · Building Repairs/Maintenance 31,326.95

6000400 · Contributions/Donations 1,591.04
6000500 · Depreciation/Amortization 117,567.45
6000600 · Dues and Subscriptions 50,091.31
6000700 · Equipment Expense
6000705 · Equipment Lease 62,948.34
6000710 · Equipment Rental 1,567.70
6000715 · Equipment Repair 26,803.39
Total 6000700 · Equipment Expense 91,319.43

6000800 · Facilities Rent 358,829.53

6000900 · Fees/Penalties/Fines

6000905 · Bank Fees 41,604.85

6000910 · Credit Card Fees 42,753.73
6000915 · Finance Charge 37,115.03

6000920 · Late Fee 10,770.23

6000925 · Fines -4,500.00
6000930 · Tax penalties 419.21

<3 of 5>2:28 PM
03/15/13
Accrual Basis Corporate Flight Management, Inc. 

### Profit & Loss
September 2012 through January 2013 Sep '12 - Jan 13

Total 6000900 · Fees/Penalties/Fines 128,163.05

6001000 · Insurance Expense
6001005 · Hangar Rash/Insurance Ded. 60,848.89
6001010 · Monthly Insurance Expense 180,051.74
Total 6001000 · Insurance Expense 240,900.63

6001100 · Interest Expense

6001105 · Bank or Loan Interest 70,370.21
Total 6001100 · Interest Expense 70,370.21

6001200 · License & License Fees 1,030.00
6001300 · Postage & Delivery 1,238.04

6001400 · Professional Fees 65,818.19
6001500 · Small Equipment 1,664.70
6001600 · Supplies
6001605 · Computer 8,005.46

6001610 · Office 4,522.22
6001615 · Printing 1,405.90

6001620 · Other 29,845.39
Total 6001600 · Supplies 43,778.97

6001700 · Taxes
6001710 · Personal Property 5,861.58
6001715 · Personality Tax 15,799.30

6001720 · State Taxes 699.42

6001725 · F & E Tax 16,200.00

Total 6001700 · Taxes 38,560.30

6001800 · Travel Expenses

6001805 · Car Rental / Air travel 21,737.64
6001810 · Hotel/Lodging 11,563.89

6001815 · Meals & Entertainment 11,337.38
Total 6001800 · Travel Expenses 44,638.91

6001900 · Utilities

6001905 · Cable 1,098.60
6001910 · Electricity 46,732.15

6001915 · Gas 16,259.45
6001920 · Telephones 66,110.10
6001925 · Waste Disposal 4,129.64

6001930 · Water 6,446.36

Total 6001900 · Utilities 140,776.30

6002000 · Vehicle Expense 34,865.12
6002005 · Web Development Expense 10,610.00
Total Expense 3,522,787.10

Net Ordinary Income 151,571.14

Other Income/Expense

<4 of 5>2:28 PM
03/15/13
Accrual Basis Corporate Flight Management, Inc. 

### Profit & Loss
September 2012 through January 2013

Sep '12 - Jan 13

Other Income

7000000 · Interest Income 116.99

7000050 · Miscellaneous Income 202,068.42
7000200 · Future Investmnt/Developmnt

7000205 · Labor R&D -60,132.75
7000210 · Other Expenses R&D -2,113.40
Total 7000200 · Future Investmnt/Developmnt -62,246.15

Total Other Income 139,939.26

Net Other Income 139,939.26

Net Income 291,510.40

<5 of 5>Note 1 – Accounts Receivable Trade

An aging of Accounts Receivable at January 31, 2013 are as follows:

January 31, 2013

Current 2,026,457 30 Days 167,592 60 Days 133,886 90 Days and over 407,310 Total Trade Receivables 2,735,267

Note 2 Accounts Receivable – Affiliates

January 31, 2013 Jetstream Air, LLC 1,318,650 CFM Airport Development, LLC 192,077 CFM Holding, Inc. 650,488 Jetstream Sales, LLC 1,987
CFM-HL Joint Venture 125,700

Total Accounts Receivable - Affiliate 2,288,902

Note 3 - Notes Receivable

Notes receivable consists of a promissory note issued by David Augustin, a principle owner of the Company. At January 31, 2013 the balance of the Note receivable issued by Mr. Augustin was $12,510.

Note 4 - Inventories

Inventories consisted of the following at year end.

January 31, 2013 Aircraft 1,898,921 Parts 1,664,233 Work In Process 739,542 Fuel 193,250 Total Inventory 4,495,946Note 5 – Restricted Cash Deposits

The Company holds insurance in escrow deposits for its managed aircraft fleet, and it also secures a stand –by letter of credit with a one year $100,000 Certificate of Deposit. Restricted deposits were equal to $264,738.

Note 5 – Investments

Investment in related entities consisted of the following for the period

January 31, 2013 CFM-HL Joint Venture-Interest -2,225 JetStream Sales-Interest -123,625 JWN Wings of Eagles - Interest 14,966 MQY Wings of Eagles – Interest -97,909 Wings of Eagles Interest 1,793 Goose 5 LP 140,000
Total Investments -67,000

Note 6 - Credit Cards Payable

The company currently has a $500,000 limit credit card for operating aircraft and parts inventory purchases. As of January 31, 2013 the balance was $50,712

Note 7 – Notes Payable

See Schedule B for a schedule of debt.Supplemental Notes to the Corporate Flight Management Compiled Consolidated Financial Statements Dated January 31, 2013

Agreements related to stock ownership and conversion of debt to equity.

In December of 2011, CFM issued a Promissory Note in the amount of $100,000 to Executive Group Holdings, LLC (“EGH”). The note pays interest quarterly and matures March 20, 2014. The promissory note contains an agreement that stipulates that EG H has an option to convert the note to 12,110 shares of common stock out of the company treasury at its discretion on or before maturity. EGH owns approximately 2.56% of CFM’s stock. If EGH elected to convert the note, it would still own less than 10% of CFM’stock.

On January 12, 2012, CFM issued a Promissory Note in the amount of $50,000 to John R. Patrick, an individual who resides in Ridgefield, CT. The note pays interest quarterly and matures January 12, 2017. The note contains an agreement that allows Mr. Pa trick to convert the debt to 6,055 shares of common stock on or before the note maturity . Mr. Patrick is not presently a shareholder of CFM. If he elected to convert the note, he would own approximately 1% of CFM’s stock.Note HolderPurposeCollateralPrincipal Balance Monthly Payment Origination DateOriginal NoteAmountRate Rate Type Maturity2060001 Bancorpsouth Bank Construct FBO and term outWest Side FBO Building833,304.27 8,896.63 07/26/04 1,071,000.00 6.25% Prime + 308/01/242060002 Bancorp SouthPAID OFFJeep Wrangler0.000.00 11/20/0929,358.00 7.75% fixed11/20/122060003 Chappell Loanfund working capital - paid from sale of 565HK none255,450.91 1,500.00 03/12/10 300,000.00 6.00% fixed01/01/162060004 Tom ChappellInvestment 564HKnone97,735.780.0097,735.78nanasale of aircraft2060006 First TennesseeTom Chappell Purchase of 564HK.Aircraft 565HK1,375,722.06 11,453.27 09/17/08 1,801,000.00 3.25% var/prime/360 09/25/132060007 Hvizdak LoanParts Plane #2/unsecuredNone44,441.280.00 11/29/06 510,000.00 10.00% fixedDemand2060008 John FloydInvestor Financed 10UPNone361,937.34 5,663.15 12/21/07 800,000.00nana06/21/092060009 Jetstream SalesDown Payment for Phenom Positionnone48,500.000.00 04/25/0865,000.00nanana2060010 Pinnacle BankGuaranteed Debt by one investor for refurb. CFMtook the debt and ownership of the asset toprotect Investor fromproduct liabilityprot.J-32 858CY 513,412.98 9,430.18 03/11/11 1,420,830.14 5.00% fixed 05/20/182060012 Ricardo TostadaBalance due from Sale of 913none393,928.080.00 12/31/08 393,928.08nanana2060013Quantum ControlMaintenance Software Purchase -Software29,274.242,332.60 12/16/1153,650nana05/01/142060014Executive Group HoldingsNote with option to Convert to Stock, int qtrly none100,000.00int qrtly 12/20/11100,000 5.00% fixed11/20/142060015John R PatrickNote with option to Convert to Stock, int qtrly none50,000.00int qrtly 01/24/1250,000 5.00% fixed01/12/172060016 M. Pacenka, JTWSPAID OFF in 2nd qtr of 2012-2013none0.00balloon 03/20/12 100,000.00 7.00% fixed09/15/122060017 Ally Financial (2012 Van) purchased new CFM Van for transportFord Transit Van21,877.21527.35 04/19/1224,899.64 9.69% fixed04/19/172060018 Beacon Federal 6045S PAID OFFKingAir 6045S0.000.00 05/31/12 250,000.00 5.25% var/prime/360 05/15/132060019 Dell Financial Services Server for new maintenance Softwarecomputer equipment13,494.19414.51 05/01/1216,403.71 9.80% fixed04/01/162060020 Ally Financial (2011 Van) purchased new CFM Van for transportFord Transit Van21,578.43513.97 05/30/1224,218.57 9.95% fixed05/30/17TOTALS4,160,656.77 40,731.66JetStream Air, LLC - Off Balance Sheet488,779.92Beacon Federal SOLDAircraft 242BM0.000.00 08/17/05 972,000.00 6.57% fixed - 5yr/360 08/15/15First Tennessee Acquisition of aircraft traded for 643JXAircraft 539PA and 529PA538,654.92 8,478.59 07/21/05 920,000.00 7.25% fixed/36008/05/13PinnacleAcquisition of aircraftAircraft 657BA218,507.03 7,212.20 08/12/05 657,801.00 7.75% fixed -5 yr var 08/01/15757,161.95 15,690.79CFM Airport Development, LLC - Off Balance SheetRegions BankRefinance acquisition loanReal Estate - 20 HangarCondo Unit at SmyrnaAirport118,103.44 4,514.02 03/31/05 377,044.11 8.30% fixed06/24/15118,103.44 4,514.02Other Notes Off Balance SheetHl AviaitionHangar 2 at John Tune (recently complteted). Thisnote is from HL-CFM Joint Venture. CFM is a comaker on the note. The Hangar is the collateralvalued at $1.8MReal Estate - Hangar 2 JohnTune Airport930,348.49 10,000.00 02/19/09 1,153,500.00 6.00% fixed 10/20/23Arvest Bank Acquisition of 10 aircraft at wholesale for thepurpose of rebuilding and sale. One aircraft isremaining.J - 32 BAE purchased a 329,633.411,625.5912/03/07 3,000,000 6.00% fixed02/01/13Regions Bank PAID OFF Flight Simulator located atSmyrna Aircraft0.00 0.00 03/20/08 42,466 8.30% fixed 03/20/13Beacon Federal AIRCRAFT SOLD.Aircraft 223NH0.000.00 04/06/01118,079 8.25% fixed04/05/16Beacon FederalAIRCRAFT SOLDAircraft 342DS0.000.00 08/24/01185,710 8.00% fixed09/01/16First BankPersonal Note to John Floyd and Allen Howell. Theproceeds were used to fund loan to CFM for theacquisition 10UP. Allen Howell is a related party toCFM as a 38% ownerAircraft 10UP504,590.95 5,663.15 12/21/07 800,000.00 6.00% prime floor 5.5 11/29/121,764,57317,288.74Grand Total6,800,495.01 78,225.21Corporate Flight Management, IncSchedule of DebtJanuary 31, 2013

# C.F.M. Holdings, INC.

Smyrna, Tennessee

Compiled Financial Statements

Interim Statement for the period through 1-31-13INTERNALLY PREPARED INTERIM STATEMENT January 31, 2013

To the Board of Directors CFM Holdings, Inc. Smyrna, Tennessee

The accounting staff of Corporate Flight M anagement, Inc., the primary operating company and subsidiary of CFM Holdings, Inc., has compiled the following balance sheet and income statement for C.F.M Holdings, Inc. representing the interim period ending January 31, 2013. In addition, notes to the financials have been prepared to support the statements. The numbers were not audited or reviewed internally or externally by an outside accounting firm.

Generally, the company adheres to generally acc epted accounting principles and accordingly endeavors to present a fair representation of the financial statements according to these principles.

To the best of my knowledge, the information provided in the following report is accurate and fairly represents the financial results of the interim period ending January 31, 2013.

Best regards,

Doug Cate Chief Financial Officer Corporate Flight Management, Inc.4:12 PM
03/12/13
Accrual Basis 

### CFM Holdings, Inc. 

## Balance Sheet
As of January 31, 2013

Jan 31, 13

ASSETS

Current Assets

Other Current Assets

Due From Stockholders -41,863.67

Total Other Current Assets -41,863.67

Total Current Assets -41,863.67

Other Assets

Investment - Corp. Flight Mgmt. 255,376.00

Investment in GBA Gyroplanes 138,472.00

Investment in Jetstream Air -1,211,017.00

Total Other Assets -817,169.00

TOTAL ASSETS -859,032.67

LIABILITIES & EQUITY

Liabilities

Current Liabilities

Other Current Liabilities

Accrued F&E Tax 100.00

Due To CFM Airport Development 17,316.33
Due to Corp. Flight Mgmt. 650,487.61

Total Other Current Liabilities 667,903.94

Total Current Liabilities 667,903.94

Total Liabilities 667,903.94

Equity

Capital Stock 255,376.00

Retained Earnings -1,782,182.61

Net Income -130.00

Total Equity -1,526,936.61

TOTAL LIABILITIES & EQUITY -859,032.67

Page 1 of 12:33 PM
03/12/13
Accrual Basis 

### CFM Holdings, Inc. 

## Profit & Loss
1 September 2012 through 31 January 2013

Sep '12 - Jan 13

Ordinary Income/Expense

Expense

Licenses and Permits 130.00

Total Expense 130.00

Net Ordinary Income -130.00

Net Income -130.00

Page 1 of 1Note 1 – Accounts Receivable Trade

There are no trade accounts receivable for the period for the Holding Company

Note 2 – Due From Stockholders

The -$41,863 .67 is loss from an investment in Courier Logistics, Inc that occurred in 2004. The account is misclassified and should be in other assets and not in current liabilities.

Note 3 - Inventories

There are no inventories held by the holding company

Note 4 – Investments

Investment in related entities consisted of the following for the period

January 31, 2013 Corporate Flight Management, Inc 235,376 GBA Gyroplanes 138,472 Jetstream Air, Inc. -1,211,017
Total Investments -817,169

Note 6 - Liabilities

CFM Holdings has intercompany debt to Corporate Flight Management, Inc. in the amount of $650,487 which represents taxes, license, and fees that the operating company, Corporate Flight Management, Inc., has paid on behalf of C.F.M. Holding, Inc. In addition $17,316 is owed to CFM Airport Development, a commonly held company by the owners of C.F.M Holdings, Inc.

### Exhibit CFM

- 306

Certification of Financial Statements

Corporate Flight Management, Inc.
C.F.M. Holding, Inc.

I hereby certify that I am the person who prepared the complied the consolidated
financial statements of Corporate Flight Management, Inc. and C.F.M. for the fiscal year ended 31 August, 2010. I have also compiled interim financial statement for Corporate Flight Management, Inc. and C.F.M. Holding, Inc. encompassing the first five (5) months
offiscal year 2013 up to and including 31 January, 2013. A complete and correct copy of
each of the aforementioned compiled financial statements is included with this document.

I further certify that all of these financial statements are complete and accurate, and except where indicated in the Notes to each financial statement, said statements conform

to Generally Accepted Accounting Principles.

# ~cfrtancial Officer

### Exhibit CFM -400 Page 1 of 3

HISTORY OF OPERATIONS

Corporate Flight Management Inc. began as a new “C” Corporation with no predecessor or affiliate company. Its Articles of Incorporation were filed with the Tennessee Secretary of State on July 26, 1982. The founding stockholders were Charles Reece (“Reece”) Howell III, his son, James Allen (“Allen”) Howell, Jim Findley, and Edward Dervege. The father and son team of Reece and Allen had a vision for forming a Middle Tennessee aviation company that would assist corporate aircraft owners by providing flight department services for their corporate aircraft. The original plan for the business included obtaining certification as a Part 135 air taxi operator to provide charter flights. Reece Howell had a long and distinguished career as an aviator including many years as a Corporate Pilot with particular experience in the Mitsubishi Aircraft Turbo Prop MU-2. Allen Howell, a pilot himself, was a recent Business and Marketing graduate of Auburn University. The company obtained certification and commenced flight operations under FAR Part 135 1986 from its first location at the Murfreesboro Airport (MBT) in Murfreesboro, TN.

In 1983 David Augustin joined the company as an owner by acquisition of 22% of outstanding shares, and as an employee bringing his FBO and maintenance background to the business.

In 1984, Reece resigned from the company, sold his ownership interest, and successfully pursued other interests in the aviation industry. Also, in 1984 the company moved its operation to the Smyrna airport, opened up a maintenance and FBO facility, and obtained FAR Part 145 repair station certification, all under the leadership of David Augustin.

Upon Reece Howell’s departure from the company, Allen’s brother, Charles Reece Howell, IV (“Chuck”), a successful business broker, was hired to lead the company as its CEO and President. Allen Howell remained as the company’s CFO and marketing director.

From 1984 until June of 1998, the three principals, Allen Howell, David Augustin, and Chuck Howell, led the company through growth in its managed aircraft fleet, expanded maintenance and FBO operations, and increased their share of the charter market in the Middle Tennessee region of the USA. In June of 1998, Chuck Howell resigned his position as CEO, remained as 

### a Director and kept his ownership of stock in the company. By the end of 1998, the company had grown to ten million dollars in revenue.

In 1995, CFM began the process of obtaining FAA and DOT authority to provide scheduled air transportation service. To fund certification and start-up costs, CFM sold 30% of its equity to S&S Enterprises, a Tennessee partnership.

In August 1995, by Order 95-8-2, the DOT found CFM fit, willing, and able to provide service as a commuter air carrier. Concurrently, CFM received Part 121 Operations Specifications from the FAA. CFM began to conduct commuter flights in December 1996 using the trade name Corporate Express Airlines. The company later modified this trade name to Corporate Airlines. Between December 1996 and March 2001, CFM conducted flight operations under both FAR Part 121 and FAR Part 135.

### Exhibit CFM -400 Page 2 of 3

In 2000, S&S Enterprises expressed its desire to have sole ownership of the commuter air carrier operation. The other shareholders of CFM agreed. A new entity, Corporate Airlines, Inc., was formed as a subsidiary of CFM for the purpose of separating the Part 121 commuter operations from CFM’s other businesses. By Order 01-3-7, the DOT approved the transfer of CFM’s Commuter Air Carrier authority to Corporate Airlines, Inc.

After the transfer of commuter authority and issuance of new operating certificate and FAR Part 121 operations specifications to Corporate Airlines, Inc. by the FAA, CFM relinquished all ownership of the Part 121 commuter operations and S&S Enterprises relinquished all ownership in CFM in exchange for 100% ownership of Corporate Airlines, Inc.

Chuck Howell stayed on with Corporate Airlines, Inc. through July of 2002 as its CEO before leaving to become Chief Operating Officer and then President and CEO of Great Lakes Airlines based in Cheyenne, Wyoming. David Augustin assumed the role of President of CFM after Chuck Howell’s departure from the company.

When Chuck Howell’s tenure with Corporate Airlines ended in 2002, CFM’s owners and senior management no longer had any affiliation, held no management positions, nor had any ownership ties in any way to Corporate Airlines. (By Order 2005-2-15, the DOT approved Corporate Airline’s name change to RegionsAir, Inc.)

In 1999 for financial and tax strategic reasons, C.F.M. Holding, Inc. was formed in order to hold the shares of CFM and affiliate entities. The three principles Allen Howell, David Augustin, and Chuck Howell converted their CFM stock to shares in C.F.M. Holding Inc. at ownership percentages of 38%, 38% and 24% respectively. At the time, C.F.M. Holding, Inc. owned 81.55% of CFM with the balanced owned by employees and close relatives.

Under Allen Howell and David Augustin’s leadership, and with the support of an expanding workforce, the company continued to grow. In 2002, Leon Custers, CFM’s Part 135 Chief Pilot, was named a Vice President of the company and took over the Maintenance Division.

CFM reached eighteen million dollars in total revenue by 2005. In that year, Doug Cate joined the company as Chief Financial Officer. A Senior Vice President of a regional bank and the then-current relationship banker for CFM, Doug was hired to relieve Allen Howell of the CFO duties that he was performing along while at the same time having the responsibilities of CEO. Doug Cate and Leon Custers were both elected to serve as directors on the board for CFM.

In addition, 2005 is the year CFM started its Aircraft Sales Division. The mission of the division is to sell refurbished aircraft out of the maintenance division and to broker general aviation aircraft in the marketplace.

In the last seven years, the company has continued its sustained track record of growth, achieving gross revenue of over thirty-two million in fiscal year 2011 and over thirty-five million in fiscal year 2012.

### Exhibit CFM -400 Page 3 of 3

By the end of 2012, CFM’s charter fleet had grown to 24 aircraft. The company also provided aircraft management and flight department services for 5 Part 91 aircraft owners.

In 2012, because of the company’s growth, the company chose to add two outside members to its board of directors. Tom Chappell, a long time insurer of aircraft and aviation businesses and John Couri, a successful business and aircraft owner in Ridgefield Connecticut were elected to fill these two new board seats. David Augustin was elected Chairman of the Board. Additionally, Leon Custers was promoted to Chief Operating Officer of the company. Ryan Donahue was added to the executive team as Vice President of Maintenance.

The executive team of CFM now includes Mark Stear, head of marketing and sales, Ryan Donahue, Doug Cate, Leon Custers, Allen Howell, and David Augustin. Allen Howell, with the titles of Chief Executive Officer and President, is the top accountable executive of the company in matters pertaining to the Federal Aviation Administration, the Department of Transportation, and regulatory compliance. Allen Howell is in control of all of the operations of the company.

### Exhibit CFM - 500 Page 1 of 2

LIST OF AIRCRAFT

Aircraft Registration
Number Aircraft

Type Number

of Seats Registering

Country Owner Name Address Citizenship Business Arrangement

N23VP DA 10 7 USA MRCLG, LLC BNA Corporate Center,

404 BNA Drive Suite 400, Nashville TN

37217-2517 USA Part 135 Dry Lease

N657BA JS 31 18 USA Jetstream Air LLC 276 Doug Warpoole Rd, Smyrna, TN 37167 USA Part 135 Dry Lease

N569ST JS 32 8 USA 739 Flight Management Company, LLC 138 2nd Ave North, Ste

200, Nashville, TN

37201 USA Part 135 Dry Lease

N874CP JS 32 12 USA CKU Aviation, LLC 1158 Jordan Ave,
Dothan AL 36303 USA Part 135 Dry Lease

N913AE JS 32 19 USA Corporate Flight Management,

Inc. 276 Doug Warpoole

Rd, Smyrna, TN 37167 USA Part 135 Operating Lease

N100TW KA 100 8 USA UP Development 1045 Tulloss Road, Franklin, TN 37067 USA Part 135 Dry Lease

N6045S KA 100 8 USA King Group, LLC 164 Ramapoo Rd, Ridgefield, CT 06877 USA Part 135 Revenue Share

N525AL CJ 5 USA Signature Aviation, LLC c/o Graham

Enterprises, 2701 Coltsgate Rd, Ste 300, Charlotte, NC 28211 USA Part 135 Dry Lease

N365EA Citation V 9 USA N365EA, LLC 53 Miry Brook Rd, Danbury CT 06810-

7408 USA Part 135 Revenue Share

N560HG Citation V 9 USA N560HG, LLC 53 Miry Brook Rd, Danbury, CT 06810 USA Part 135 Revenue Share

N703RB Citation VII 9 USA Big Sky, LLC 138 2nd Ave North, Ste 200, Nashville, TN

37201 USA Part 135 Dry Lease

N680VR Sovereign 9 USA Viking Aircraft

LLC 111 Front Street,

Greenwood MS 38930 USA Part 135 Revenue Share

N615SM EMB500 4 USA Music Square Air,

LLC 40 Music Square West,

Nashville, TN 37203 USA Part 135 Revenue Share

N644RM EMB100 4 USA Ten Thousand Air, LLC 1466 Avellino Circle,

Murfreesboro TN

37130 USA Part 135 Dry Lease

N784JP EMB100 4 USA Executive Jet Partners, LLC 53 Miry Brook Rd,

Danbury CT 06810 USA Part 135 Revenue Share

### Exhibit CFM - 500 Page 2 of 2

LIST OF AIRCRAFT (Continued)

Aircraft Registration
Number Aircraft

Type Number

of Seats Registering

Country Owner Name Address Citizenship Business Arrangement

N406J HS700 8 USA MedCare

Investment Fund III, LTD 18615 Tuscany Stone, Ste

200, San Antonio, TX 78258 USA Part 135

Revenue
Share

N481NS Westwind 9 USA HL Aviation 1307 Division Street,
Nashville TN 37203 USA Part 135 Dry

Lease

N320UE JS 41 29 USA V1 Leasing II,

LLC 40815 Hannah Drive,

Waterford, VA 20197 USA Part 135 Dry

Lease

N325UE JS 41 29 USA V1 Leasing II,

LLC 40816 Hannah Drive,

Waterford, VA 20197 USA Part 135 Dry

Lease

N564HK JS 41 30 USA Corporate Flight Management,

Inc. 276 Doug Warpoole Rd,

Smyrna TN 37167 USA Part 135 Dry

Lease

N32PE LR 35 8 USA Blue Canyon,

Inc. 5532 Deer Run Rd, Joelton,

TN 37080 USA Part 135 Dry

Lease

N701DA LR 35 8 USA CKU Aviation,

LLC 1158 Jordan Ave

Dothan AL 36303 USA Part 135 Dry

Lease

N847D BE-100 8 USA B100 N847D,

LLC 32 Nannau Wood

Bar Harbor, ME 04609 USA Part 135

Revenue
Share

N202FF BE-200 7 USA D&B Truck &
Trailer Service 3003 Brick Church Pike

Nashville, TN 37207 USA Part 135 Dry

LeaseExhibit CFM

- 501

Application of BEFORE THE
DEPARTMENT OF TRANSI'ORTATION WASHINGTON, D.C

CORPORATE FLIGHT MANAGMENT, INC. ) ) ) ) ) ) ) ) Docket No.

for authority to conduct scheduled passenger operations as a commuter air carrier under
49 U.S.C. § 41738



## ________________________________ )

APPLICATION OF
CORPORATE FLIGHT MANAGEMENT, INC.

AFFIDAVIT OF SAFETY COMPLIANCE

County of Rutherford ) ) SS:
State of Tennessee )

I, Allen Howell, being duly sworn, state under oath:

1. I am the President of Corporate Flight Management, Inc. and I am authorized to execute this
affidavit.

All of the aircraft that are owned or leased by Corporate Flight Management, Inc. have been certified by the Federal Aviation Administration and currently comply with all applicable Federal Aviation
Administration standards under Part 135.

# ~/v£v~ Allen Howell

Subscribed and sworn before me this ( 

### $,'t.fL day of March, 2013.

My commission expires:_---=c..-o:...'·-,.L>.L'!-/--'2'""'-"'---'+/___,_/_j'------

__ I f

### Exhibit CFM - 600 Page 1 of 2

CURRENT OPERATIONS

Corporate Flight Management Inc.’s current operations are organized into four separate divisions by function: Flight Operations; Maintenance; Fixed Base Operations (FBOs); and Aircraft Sales. In total, CFM employs 170 people across these four operating divisions. A detailed description of each division and the services that it performs appears below.

Flight Operations Division CFM currently operates 24 aircraft under FAR Part 135 regulations (FAA certificate FJTA920D). These aircraft range from 30 passenger British Aerospace Jetstream 4101s to 5 passenger Embraer Phenom 100s ( see Exhibit CFM – 500). The company manages an additional 5 general aviation aircraft under FAR Part 91, providing the aircraft owners with flight crews, maintenance, maintenance management, and flight department services.

The Flight Operations Division team includes a 24 hour per day dispatch and scheduling group staffed by 8 employees. The management team for the Flight Operations Division includes a Director of Operations, Chief Pilot, Assistant Chief Pilot, Director of Training, Manager of Flight Administration and Project Manager for Certification and Compliance.

In October 2012, CFM entered into an aircraft charter contract with Public Charters, Inc. to provide four round trip flights per week between Manistee, Michigan (MBL) and Chicago Midway Airport (MDW). All flights are conducted under 14 CFR Part 380 as public charters with CFM acting as the Direct Air Carrier and Public Charters, Inc. as the indirect air carrier. Public Charters, Inc. receives funding for this operation from the Manistee Blacker Airport Authority under an Alternative Essential Air Service grant from the DOT. The company presently operates one round trip on Thursday, Friday, Sunday, and Monday of each week for Public Charters, Inc. under this program.

CFM bases one of its Jetstream-31 aircraft with 19 passenger seats at MBL to support this activity. The company has two other Jetstream-31 aircraft as well as three Jetstream-41 aircraft each configured with 30 passenger seats that are available to back up its primary aircraft.

In addition to civilian charter flying, CFM been approved as an air carrier by the United States Department of Defense (DoD). The company has completed several contracts for the military and is currently competing for new DoD procurements.

Maintenance Division CFM currently operates a FAR 145 certified repair station that performs major airframe inspections, component and accessory overhaul and repair, avionics repair and installation, and composites repair. The repair station is licensed under the company’s FAA certificate FJTA920D. The company also holds EASA 145 certification.

The management team for the Maintenance Division includes a Vice President of Maintenance, Director of Maintenance (FAR 135), a Maintenance Production Manager, Chief Inspectors for FAR 135 and FAR 145, two Service Managers, and a Director of Training.

### Exhibit CFM - 600 Page 2 of 2

The Maintenance Division specializes in refurbishment and major inspections for the British Aerospace line of regional airline turboprop aircraft, Cirrus single engine aircraft, and Diamond single engine aircraft. Additionally, the Maintenance Division performs maintenance on CFM’s own fleet of aircraft. It also provides oversight of outsourced maintenance to the company’s charter and managed aircraft fleets to ensure compliance with the Federal Aviation Regulations.

FBO Division CFM operates two full-service FBOs in middle Tennessee, one at the John C Tune airport (JWN) and one at the Smyrna airport (MQY). FBO services at these locations include aircraft hangar storage for based and transient general aviation aircraft, tie down and overnight parking, fuel products including 100LL Avgas and Jet A, and ground services for based and transient customers. Both Tennessee FBO locations are open and staffed 24 hours per day, 7 days per week.

CFM offers limited services at its Danbury Airport FBO in Connecticut (DXR), including hangar storage and Jet A fuel products.

The company leases its FBO facilities from the respective airport authorities at each airport.

Aircraft Sales Division CFM offers aircraft sales and brokerage services with two aircraft sales personnel and a sales assistant. The company specializes in the sale of refurbished regional airline aircraft, primarily the British Aerospace Jetstream series aircraft. The company also provides aircraft brokerage and aircraft acquisition services to clients worldwide that are buying or selling general aviation aircraft.

CFM also conducts a number of aviation-related activities with its affiliated business entities:

Flight Training CFM co-owns JWN Wings of Eagles, LLC and MQY Wings of Eagles, LLC ( see Exhibit CFM – 100). These entities provide flight training at John Tune Airport (JWN) and Smyrna Airport (MQY), respectively.

Aircraft Refurbishment and Resale CFM co-owns Jetstream Sales LLC ( see Exhibit CFM - 100). This entity purchased ten J-32 used aircraft from BAE Systems. CFM refurbished or sold “as-is” nine of the acquired airplanes through 2012. Additionally, it acquired and sold another airplane in 2009. This entity has one final aircraft that will be refurbished and sold during calendar year
2013.

Charter Aircraft Leaseback CFM co-owns Jetstream Air LLC ( see Exhibit CFM - 100). This entity owns Jetstream 31 N657BA. The aircraft is leased back to CFM under a dry lease arrangement ( see Exhibit CFM – 500). CFM operates this aircraft under FAR Part 135.

Facilities Management CFM is a partner with HL Aviation in the CFM HLA Joint Venture (see Exhibit CFM – 100). This entity owns and operates a 20,000 square foot hangar and office complex located at the John Tune Airport in Tennessee. CFM manages the property, collects the rents, and services the debt from the rents. The parties share the profits from this activity equally.

### Exhibit CFM - 700 Page 1 of 8

1. Proposed Service

Corporate Flight Management, Inc. (CFM) proposes the following scheduled service to be performed as Public Charters in compliance with 14 CFR Part 380:

Route: Manistee County Blacker Airport, Manistee, Michigan (MBL) – Midway

International Airport, Chicago, Illinois (MDW) - Manistee County Blacker Airport, Manistee, Michigan (MBL)

Note: MBL is on Eastern Time (ET) and MDW is on Central Time (CT).

Frequency: Daily (seven days per week)

Times: Monday, Tuesday, Wednesday, Thursday, Friday, Saturday

Outbound: 8:30 A.M. ET depart MBL. 8:30 A.M. CT arrive MDW Return: 5:00 P.M. CT depart MDW. 7:00 P.M. ET arrive MBL

Sunday

Outbound: 4:00 P.M. ET depart MBL. 4:00 P.M. CT arrive MDW Return: 5:00 P.M. CT depart MDW. 7:00 P.M. ET arrive MBL

Aircraft: British Aerospace Jetstream 3201 19-passenger airliner (J-32)

2. Background

On February 16, 2013, CFM entered into contract with Public Charters, Inc. ( “PCI”) to provide aircraft charter services to PCI on the Route using J-32 aircraft (the “Agreement”). This Agreement replaced, in its entirety, an earlier contract between CFM and PCI dated October 7, 2012 for the same services during the period beginning November 15, 2012 and ending February 15, 2013.

In April 2012, PCI was selected by the Manistee Blacker Airport Authority (“MBAA”) and the community of Manistee/Ludington, Michigan to provide Alternate Essential Air Service on the Route. MBAA is the recipient of the first-ever Alternate Essential Air Service Grant (“AltEAS Grant”). Docket DOT-OST-1996-1711 contains detailed information regarding the AltEAS Grant and the AltEAS Grant Proposal. Pursuant to PCI’s contract with MBAA, all of the AltEAS flights are to be operated as Public Charters with PCI acting as the Indirect Air Carrier.

Under the AltEAS Grant, MBAA receives the AltEAS program funds and controls their disbursement to PCI. PCI is solely responsible for contracting with and making all payments to a Direct Air Carrier for all flight operations conducted under MBAA’s AltEAS program. In October 2012, PCI selected CFM as the Direct Air Carrier for all AltEAS flights on the route occurring on and after November 15, 2012.

### Exhibit CFM - 700 Page 2 of 8

The Existing Service consists of four (4) round trips each week on the Route using CFM’s J-32 aircraft. CFM presently operates one round trip each Thursday, Friday, Sunday, and Monday. Under the terms of the Agreement, all of these flights are operated as Public Charters pursuant to 14 CFR Part 380 with CFM acting as the Direct Air Carrier and PCI acting as the Indirect Air Carrier. A copy of the current Public Charter Prospectus appears in Exhibit CFM – 707. A copy of CFM’s current Form OST 4507 is attached as Exhibit CFM – 708.

CFM’s Proposed Service consists of adding three (3) round trips on the Route each week using CFM’s J-32 aircraft. CFM would operate these new round trips on each Tuesday, Wednesday, and Saturday. CFM will add the flight frequencies as soon as it secures the necessary economic authority. For purposes of presenting a forecast for the first year’s operations, a start-up date of May 1, 2013 was selected. All Proposed Service flights would be operated as Public Charters under 14 CFR Part 380 with CFM acting as the Direct Air Carrier and PCI acting as the Indirect Air Carrier. The Public Charter Prospectus would be amended accordingly.

Combined with the Existing Service, the Proposed Service will give the community of Manistee/Ludington daily AltEAS service to and from MDW. The AltEAS Grant, the contract between MBAA and PCI, and the Agreement between PCI and CFM all contemplated daily service on the Route from an operational and financial perspective.

CFM bases one of its J-32 aircraft at MBL to support the requirements of the Agreement. Flight crews are positioned in and out of MBL on a weekly basis. A flight crew for the J-32 aircraft consists of one Captain and one First Officer. CFM has 6 Captains and 6 First Officers for the Jetstream 31/32 fleet. CFM provides accommodations and ground transportation for the flight crews while they are stationed at MBL. Crews are also provided an allowance for their meals and incidental expenses incurred while at or en-route to and from MBL.

CFM employs a part time maintenance technician who is based at MBL. If additional maintenance assistance is required, CFM would first subcontract for maintenance labor locally in either MBL or MDW. If local subcontract labor is either unavailable or insufficient, CFM would either reposition its maintenance personnel from other locations or – if possible - reposition the Aircraft to CFM’s maintenance facility in Smyrna, Tennessee.

3. Technical, Revenue, and Cost Analysis

3.a Technical Analysis

The Proposed Service will add approximately 289 hours per year to CFM’s J-32 fleet utilization. This relatively small amount of additional flying will not require CFM to add aircraft, crews, or any other infrastructure or support services.

As noted above, CFM is currently operating four round trips per week on the Route as the Direct Air Carrier for PCI.

### Exhibit CFM - 700 Page 3 of 8

From the commencement of flight operations on November 15, 2012 through January15, 2013, CFM completed more than 33 round trips (66 individual flight segments) on the Route.

CFM’s flight records from these operations show that each flight segment between MBL and MBW averages .92 flight hours in duration on the J-32 aircraft. Therefore, each round trip on the Route averages .92 flight hours x 2 or 1.84 flight hours in duration. Over the course of a year, the Existing Service will consume 1.84 flight hours x 4 days per week x 52 weeks per year or 382.7 flight hours per year.

CFM’s Proposed Service adds three more round trips on the Route in addition to the Existing Service. During the first year of the Proposed Service CFM would operate the following number of round trips, yielding a total of 288.88 flight hours:

Quarter Q1 Q2 Q3 Q4 Total

Months 5/1/13 -

7/31/13 8/1/13 -

10/31/13 11/1/2013 -

1/31/2014 2/1/2014 -

4/30/2014 5/1/13 -

4/30/13

Round Trips 40.0 39.0 39.0 39.0 157.0

Multiplied by Flight Hours Per Round Trip: 1.84 1.84 1.84 1.84 1.84

Equals Total Flight Hours: 73.6 71.76 71.76 71.76 288.88



### The total combined flight hours for the MBL-based aircraft for the existing service and the Proposed Service are projected to be 671.6 flight hours per year.

Between January 1, 2012 and December 31, 2012, the J-32 aircraft that is now based at MBL logged a total of 739.8 flight hours. The Existing Service and the Proposed Service will actually result in a net flight hour decrease of approximately 9% annually for this J-32 aircraft. This can be explained because the aircraft will be dedicated to perform PCI charter flights and will not be used for ad hoc charter trips.

As previously noted, there are 6 Captains and 6 First Officers assigned to the Jetstream 31/32 fleet. The proposed service can be operated within the duty requirements imposed by 14 CFR §§135.261-267 of the Federal Aviation Regulations. Therefore, CFM has more than a sufficient number of flight crews to operate the Proposed Service without the need for additional recruiting and initial fight crew training.

Based on the forgoing, CFM is confident that its existing flight and maintenance personnel, along with the operating infrastructure that is already in place, can accommodate the activity level of the current and Proposed Service.

### Exhibit CFM - 700 Page 4 of 8

3.b Revenue Analysis

CFM expects to realize additional gross revenue of $261,028.20 annually ($65,257.05 average quarterly) during the first year of operation of the Proposed Service.

Under the Agreement, CFM receives payment for its services from PCI under a two-tiered rate structure. The first tier is a flat rate that is paid by PCI without regard to the flight time or number of flight segments performed. The flat rate is $32,000.00 per month and it compensates CFM for all of the following:

 Flight crew wages, benefits, uniform allowance, and training

 Crew positioning costs to and from MBL

 Crew housing, meal allowance, and incidental expense allowance in MBL

 Aircraft and crew scheduling costs

 Navigational chart subscriptions, mobile phone allowance, and other crew and operations-related costs

 Aircraft liability insurance

The second tier is a fixed rate of $815.00 per Block Hour operated on the Route. The Agreement defines Block Hours to be actual flight hours operated on the Route plus .1 hour per Segment operated on the Route. The Agreement uses the term “Flight Leg” to refer to a Segment. The $815.00 per Block Hour is referred to as the Base Rate in the Agreement.

The expected Block Hour revenue from the first year of the Proposed Service is calculated as follows:

Quarter Q1 Q2 Q3 Q4 Total

Months 5/1/13 -

7/31/13 8/1/13 -

10/31/13 11/1/2013 -

1/31/2014 2/1/2014 -

4/30/2014 5/1/13 –

4/30/13

Round Trips 40.0 39.0 39.0 39.0 157.0

Total Flight
Hours 73.6 71.76 71.76 71.76 288.88

Plus .1 Hours Per Flight Segment: 8 7.8 7.8 7.8 31.4

Equals Total
Block Hours 81.6 79.56 79.56 79.56 320.28

Multiplied by the Base Rate: $815.00 $815.00 $815.00 $815.00 $815.00

Equals Total Revenue: $66,504 $64,841.40 $64,841.40 $64,841.40 $261,028.20



### PCI funds its payments to CFM using proceeds from the AltEAS Grant and ticket sales revenue.

### Exhibit CFM - 700 Page 5 of 8

3.c Cost Analysis

CFM expects to incur costs of $154,044.58 ($38,511.15 average quarterly) to operate the first year of the Proposed Service.

As has been demonstrated, CFM will not need to add to its aircraft fleet, add personnel to its staff, or incur any other infrastructure related expense in order to deliver the Proposed Service. PCI initially furnished a payment of $5,000.00 to cover the costs of re-positioning and basing the aircraft at MBL. Since the Proposed Service simply augments service that CFM is already providing on the Route, CFM will incur no additional start-up or other one-time costs as a result of commencing the Proposed Service. Therefore, the only costs that need to be assessed for the Proposed Service are those that vary directly with aircraft operating hours.

Under the Agreement, PCI directly pays for the following variable operating costs:

 Fuel

 De-icing

 Galley supplies and catering

 Terminal, landing, ground handling and other fees at MBL and MDW

Table A in Exhibit CFM - 701 hereto shows the projected average costs that will be paid directly to various third party vendors by PCI for the Proposed Service. This analysis is offered to demonstrate that the costs of the charter flight operations have been fully taken into account and the Proposed Service is economically viable. However, the costs borne by PCI and underwritten in part by the AltEAS grant should not be factored into the calculation of CFM’s operational costs to provide the Proposed Service.

Exhibit CFM – 701 depicts PCI’s current actual costs for each cost category with the exception of Aircraft Fuel and de-icing. With regard to Aircraft Fuel, during the period January 1, 2013 to February 15, 2013, PCI incurred an actual cost per gallon of $3.89. Recently, fuel costs have been trending upwards. After consultation with PCI, CFM selected $4.60 per gallon as a reasonable average jet fuel cost for the forecast period, with the understanding that PCI will continue to be solely responsible for paying fuel vendors directly for all actual fuel costs incurred for the Existing Service and the Proposed Service.

In order to derive a per-hour cost for de-icing, the forecast uses PCI’s budgeted cost in its contract with MBAA. The need for de-icing is seasonal, occurring during the months of November, December, January, February and March of each year. PCI’s budget estimates a total of 25 de-icing events during each of those months at an average cost of $200.00 each. PCI therefore computes its annual de-icing budget as follows:

25 de-ice events x $200.00 per event x 5 months = $25,000.00 annual de-icing budget.

PCI’s budget assumes 7 day per week operations on the Route.

### Exhibit CFM - 700 Page 6 of 8

In order to annualize and allocate de-icing cost on a per-flight segment basis for the Proposed Service, CFM made the following computations:

7 round trips/week x 2 flight segments/round trip x 52 weeks/year = 728 flight segments

$25,000 annual de-ice budget divided by 728 annual flight segments = $34.34 de-ice cost per flight segment.

For the period beginning January 1, 2013 and ending February 15, 2013, PCI’s actual de-icing costs are running well below budget, with approximately 97% of the de-icing funds allocated to that period remaining unused.

CFM will directly pay for the remaining variable operating costs resulting from the Proposed Service:

 Aircraft lease

 Aircraft parts

 In-house maintenance labor

 Subcontracted maintenance labor

 Freight – aircraft parts

In order to estimate the increase in these variable costs resulting from the Proposed Service, CFM first determined the total cost in each category except Aircraft lease for the J-32 aircraft presently assigned to MBL under the Agreement for the calendar year beginning January 1, 2012 and ending December 31, 2012. CFM also examined that aircraft’s flight logs to determine the total number of hours flown during the same period.

The lease for the J-32 aircraft assigned to the Agreement was changed in September of 2012 from a fixed monthly rate to a per flight hour rate. The hourly aircraft lease cost is taken directly from the revised lease agreement.

The average cost in each of the remaining cost categories was computed by dividing each of the 2012 calendar year costs by the total flight hours. The average hourly cost was then multiplied by the hours per round trip to arrive at the per round trip cost. The quarterly and annual costs were calculated by multiplying the per round trip costs by the projected number of round trips in each quarter. Table B in Exhibit CFM-701 hereto shows the projected costs that will be directly paid by CFM for the Proposed Service.

Table C in Exhibit CFM-701 hereto summarizes the total projected costs for the Proposed Service.

### Exhibit CFM - 700 Page 7 of 8

4. Profitability Projection

CFM expects to earn an operating profit of $106,983.62 ($26,745.91 average quarterly) from the Proposed Service during its first year of operation.

The projected start-up date for the Proposed Service is May 1, 2013. Exhibits CFM - 702 to 705 hereof show CFM’s four projected quarterly income statements for the Proposed Service operating year beginning May 1, 2013 to July 31, 2014.

In each of the four projected quarterly income statements, the revenue and expense categories are the same as those presented in CFM’s 2010, 2011, and 2012 annual income statements, as well as the interim 2013 income statement dated January 31. 2013. (Please note that CFM’s fiscal year runs from September 1 – August 31).

Each of the projected quarterly projected income statements contains the following columns of projected data:

 Column A – Basic Forecast contains a projection of CFM’s revenue and expense for its operations before adding the Proposed Service. The Forecast uses CFM’s actual results for the period beginning September 1, 2012 and ending November 30, 2012 as the source for this forecast. During the next 18 months, CFM does not anticipate any significant deviation from the pattern of revenue and expense established in the first quarter of its fiscal year 2013. Therefore, CFM believes that this is a reasonable basis from which to forecast the remaining quarters of 2013 and all of 2014.

 Column B – Proposed Service contains the quarterly forecast for the Proposed Service in accordance with the calculations shown in Exhibit CFM - 701 Table B.

 Column C – Combined Forecast adds columns A and B to show CFM’s projected results after adding the Proposed Service to the existing operations.

 Column D – Q1-4 Cumulative adds the Combined Forecast from the prior quarters’ forecasts to the current quarter’s Combined Forecast to show CFM’s cumulative results after adding the Proposed Service.

In each of the four projected quarterly income statements, the revenue and expense categories are the same as those presented in CFM’s January 31, 2013 interim income statements. In order to present projected income statements that conform to the company’s historical financial statements, certain of the revenue and expense items have been combined into different categories or have been presented with different labels. The table below relates the categories presented in Exhibit CFM – 701 with the categories used in the projected income statements appearing in Exhibits CFM -702 to 705:

Income Statement Category Revenue/Cost Projection Categories

Charter Hourly Rate Gross Revenue – Proposed Service

Aircraft Lease – Hourly Aircraft Lease

### Exhibit CFM - 700 Page 8 of 8

Aircraft Lease – Broker, mtx Aircraft parts, 

### In-house maintenance labor, Subcontracted maintenance labor, Freight – aircraft parts

Please note that since CFM will be adding the Proposed Service to an existing AltEAS program and the existing fleet, flight and maintenance personnel, and operating infrastructure can readily accommodate the additional round trips, there will be no start-up costs for the Proposed Service. The operation of the Proposed Service can be considered to be “normal” from the start.

In November 2012 CFM received a $5,000.00 payment to cover previously-incurred costs to start the Existing Service and a payment of $7,000.00 to compensate CFM for the initial cost of positioning the J-32 aircraft in to MBL and positioning the aircraft out of MBL at the end of the Agreement.

Exhibit CFM-706 contains a projected balance sheet for CFM at April 30, 2012 based on the addition of the Proposed Service to CFM’s Basic Forecast for 8 months during calendar 2013 and the first 4 months of calendar 2014.

5. Financing

The total operating costs projected to be incurred by CFM for the first three months of the Proposed Service are $39,247.03 (see Exhibit CFM – 702).

The average daily balance in CFM’s operating checking account with Pinnacle Bank during calendar year 2012 was $63,749.45. Exhibit CFM – 709 contains copies of the first page of CFM’s monthly Pinnacle Bank operating account statements for January through December 2012, as well as a copy of the Pinnacle Bank on-line screen showing the current balance in this account within two weeks of CFM’s Application date. The first page of each month’s statement includes confirming the average daily balance in each month.



### CFM also has access to funds under the terms of a revolving line of credit with the Pinnacle National Bank. CFM believes that its service expansion can be financed from these existing sources of funding. CFM would accept a condition to be incorporated in the Final Order requiring the company to provide a Certificate of Deposit in the approximate amount of $40,000.00-- the amount of the forecast costs for the first three months of operation for the Proposed Service (Exhibits 701 Table C and 702, Column C Total COGS) -- to remain in effect for the initial three months of actual operation.Exhibit CFM - 701Table A - Projected Costs of Proposed Service to be Paid by Public Charters, Inc. (P1)Q1Q2Q3Q4TotalUnit Units Per Cost Per Round Trips Round Trips Round Trips Round Trips Round TripsDescriptionCostRound TripRound Trip40.039.039.039.0157.0Aircraft Fuel (gallons) 4.60$ 236.4 1,087.36$ 43,494.53$ 16,185.00$ 42,407.17$ 42,407.17$ 144,493.87$Ground Handling - MBL 415.00$ 1 415.00$ 16,600.00$ 3,953.04$ 16,185.00$ 16,185.00$ 52,923.04$Facility Rent - MBL 101.36$ 1 101.36$ 4,054.40$ 17,550.00$ 3,953.04$ 3,953.04$ 29,510.48$Handling Fee - MBL 450.00$ 1 450.00$ 18,000.00$ 1,111.11$ 17,550.00$ 17,550.00$ 54,211.11$Landing Fee - MBL 28.49$ 1 28.49$ 1,139.60$ 314.34$ 1,111.11$ 1,111.11$ 3,676.16$GPU Usage Fee - MBL 8.06$ 1 8.06$ 322.40$ 2,678.57$ 314.34$ 314.34$ 3,629.65$De-Icing* 34.34$ 2 68.68$ 2,747.25$ 1,111.50$ 2,678.57$ 2,678.57$ 9,215.90$Catering 14.25$ 2 28.50$ 1,140.00$ 13,338.00$ 1,111.50$ 1,111.50$ 16,701.00$Ground Handling - MDW 342.00$ 1 342.00$ 13,680.00$ 3,556.80$ 13,338.00$ 13,338.00$ 43,912.80$Terminal Operations Fee - MDW 91.20$ 1 91.20$ 3,648.00$ 2,257.71$ 3,556.80$ 3,556.80$ 13,019.31$Landing Fee - MDW 57.89$ 1 57.89$ 2,315.60$ 1,762.80$ 2,257.71$ 2,257.71$ 8,593.82$MATCO Equipment Fee- MDW 45.20$ 1 45.20$ 1,808.00$ 1,071.33$ 1,762.80$ 1,762.80$ 6,404.93$MATCO Joint Use Fee - MDW 27.47$ 1 27.47$ 1,098.80$ 5,904.60$ 1,071.33$ 1,071.33$ 9,146.06$Gate Departure Fee - MDW 151.40$ 1 151.40$ 6,056.00$ 113,201.97$ 5,904.60$ 5,904.60$ 131,067.17$Total - Public Charters, Inc. (P1) 2,902.61$ 116,104.59$ 183,996.77$ 113,201.97$ 113,201.97$ 526,505.30$Table B - Projected Costs of Proposed Service to be Paid by CFMQ1Q2Q3Q4Total1/1/2012-12/31/3012 ActualsHours PerCost PerRound Trips Round Trips Round Trips Round Trips Round TripsCFM Cost TypeCFM Income Statement CategoryCostHoursCost/HourRound TripRound Trip40.039.039.039.0157.0Aircraft Lease 5002010 Aircraft Lease - Hourly N/A** 739.8375.00$ 1.84 690.00$ 27,600.00$ 26,910.00$ 26,910.00$ 26,910.00$ 108,330.00$Aircraft Parts 5002030 Aircraft Lease - Broker, mtx 65,909.94$ 739.889.09$ 1.84 163.93$ 6,557.14$ 6,393.21$ 6,393.21$ 6,393.21$ 25,736.77$In House Maintenance Labor Cost 5002030 Aircraft Lease - Broker, mtx 45,370.15$ 739.861.33$ 1.84 112.84$ 4,513.71$ 4,400.87$ 4,400.87$ 4,400.87$ 17,716.31$Subcontracted Maintenance Labor Cost 5002030 Aircraft Lease - Broker, mtx 3,308.43$ 739.84.47$ 1.84 8.23$ 329.14$ 320.92$ 320.92$ 320.92$ 1,291.89$Freight - Aircraft Parts 5002030 Aircraft Lease - Broker, mtx2,483.11$ 739.83.36$ 1.84 6.18$ 247.04$ 240.86$ 240.86$ 240.86$ 969.61$Total - CAT981.18$ 39,247.03$ 38,265.85$ 38,265.85$ 38,265.85$ 154,044.58$Table C - Total Projected Costs of Proposed Service (Summary)Q1Q2Q3Q4TotalCost Per Round Trips Round Trips Round Trips Round Trips Round TripsRound Trip40.039.039.039.0157.0Costs Paid by Public Charters, Inc. (P1) 2,902.61$ 116,104.59$ 183,996.77$ 113,201.97$ 113,201.97$ 526,505.30$Costs Paid by CFM 981.18$ 39,247.03$ 38,265.85$ 38,265.85$ 38,265.85$ 154,044.58$3,883.79$ 155,351.61$ 222,262.63$ 151,467.82$ 151,467.82$ 680,549.88$* Note: Deicing costs are only incurred during the months of November, December, January, February, and March. The $34.34 per flight segment in Table A is an allocation of thisseasonal cost to all flight segments throughout the year.** Note: The lease agreement for the subject Aircraft was changed from a fixed payment to a price per flight hour in September 2012. The $375.00 per hour lease ratein Table B is applicable to all flight hours in this service proposal. Therefore, the historical lease cost is not used as a basis for forcasting CFM's cost of providing the proposed service.Exhibit CFM - 702

Forecast Income Statement for the Proposed Service: First Quarter of Operations (May 1, 2013 - July 31, 2013)

A BC D
Basic Forecast Proposed Service Combined Forecast Q1 - 4 Cumulative

Round Trips for the Proposed Service - This Quarter 40

Flight Hours for the Proposed Service - This Quarter 73.6

Ordinary Income/Expense

Income

4001000 · Administration 4001005 · Accounting/Mgmt Svcs 15,050.00 $ 15,050.00 $ 15,050.00 $

Total 4001000 · Administration 15,050.00 $ - $ 15,050.00 $ 15,050.00 $

4002000 · Charter Flight Operations 4002010 · Charter Hourly Rate 2,596,598.07 $ 66,504.00 $ 2,663,102.07 $ 2,663,102.07 $

4002030 · Crew Per Diem 20,537.33 $ 20,537.33 $ 20,537.33 $ 4002040 · Daily Crew Charge 130,266.00 $ 130,266.00 $ 130,266.00 $

4002050 · Fuel - Home 133,031.81 $ 133,031.81 $ 133,031.81 $ 4002070 · Fuel Surcharge 140,223.36 $ 140,223.36 $ 140,223.36 $

4002080 · Hotel 18,474.39 $ 18,474.39 $ 18,474.39 $
4002090 · Landing Fees 121,395.46 $ 121,395.46 $ 121,395.46 $
4002100 · Management Fee 215,521.43 $ 215,521.43 $ 215,521.43 $

4002110 · Other Services 27,958.36 $ 27,958.36 $ 27,958.36 $ 4002120 · Overnight 124,866.00 $ 124,866.00 $ 124,866.00 $

4002130 · Rental Car 16,618.96 $ 16,618.96 $ 16,618.96 $

4002140 · Wait Time 9,349.20 $ 9,349.20 $ 9,349.20 $ Total 4002000 · Charter Flight Operations 3,554,840.36 $ 66,504.00 $ 3,621,344.36 $ 3,621,344.36 $

4003000 · Fixed Base Operations-FBO 4003010 · Aircraft Cleaning 5,684.99 $ 5,684.99 $ 5,684.99 $ 4003020 · Catering 1,147.71 $ 1,147.71 $ 1,147.71 $

4003030 · Commissions/Rentals 4,636.26 $ 4,636.26 $ 4,636.26 $ 4003040 · Flight Store 1,681.66 $ 1,681.66 $ 1,681.66 $
4003050 · Fuel - Avgas 346,922.91 $ 346,922.91 $ 346,922.91 $

4003070 · Fuel - Jet A 745,663.48 $ 745,663.48 $ 745,663.48 $

4003080 · Fuel Tax Credit 32,523.38 $ 32,523.38 $ 32,523.38 $ 4003090 · Fueling Svcs-Into/flowage 135,208.67 $ 135,208.67 $ 135,208.67 $ 4003100 · Ground Handling 39,803.27 $ 39,803.27 $ 39,803.27 $
4003110 · Hangar Rent 127,083.23 $ 127,083.23 $ 127,083.23 $

4003120 · Office Rent 19,830.00 $ 19,830.00 $ 19,830.00 $

4003130 · Oil Sales 2,096.27 $ 2,096.27 $ 2,096.27 $

4003140 · Tow/Tie Down 10,499.50 $ 10,499.50 $ 10,499.50 $
4003145 · Discounts or Adjustments (2,930.61) $ (2,930.61) $ (2,930.61) $ Total 4003000 · Fixed Base Operations-FBO 1,469,850.71 $ - $ 1,469,850.71 $ 1,469,850.71 $

4006000 · Maintenance 4006010 · Commissions/Warranty

- $ - $ - $

4006020 · Consumables 15,735.04 $ 15,735.04 $ 15,735.04 $
4006030 · Equipment Rental

- $ - $ - $
4006040 · Freight 36,947.89 $ 36,947.89 $ 36,947.89 $

4006050 · Labor Sales 562,350.34 $ 562,350.34 $ 562,350.34 $ 4006060 · Manuals-Revisions-Subscriptions

- $ - $ - $

4006070 · Other Services/Fees 223,148.15 $ 223,148.15 $ 223,148.15 $

4006080 · Parts Sales 1,305,380.34 $ 1,305,380.34 $ 1,305,380.34 $

4006090 · SubContract Sales 363,663.67 $ 363,663.67 $ 363,663.67 $
4006095 · Discounts or Adjustments (40,482.10) $ (40,482.10) $ (40,482.10) $

Total 4006000 · Maintenance 2,466,743.32 $ - $ 2,466,743.32 $ 2,466,743.32 $

4007000 · Aircraft Sales and Leasing

4007020 · Aircraft Lease 274,876.86 $ 274,876.86 $ 274,876.86 $

4007030 · Broker Commission 65,661.02 $ 65,661.02 $ 65,661.02 $ 4007040 · Consulting 90.00 $ 90.00 $ 90.00 $

4007050 · Sales 18,000.00 $ 18,000.00 $ 18,000.00 $ Total 4007000 · Aircraft Sales and Leasing 358,627.88 $ - $ 358,627.88 $ 358,627.88 $

9999999 · Clearing Account

- $ - $ - $ - $

Total Income 7,865,112.29 $ 66,504.00 $ 7,931,616.29 $ 7,931,616.29 $

Page 1 of 3Exhibit CFM - 702

Forecast Income Statement for the Proposed Service: First Quarter of Operations (May 1, 2013 - July 31, 2013)

A BC D
Basic Forecast Proposed Service Combined Forecast Q1 - 4 Cumulative

Cost of Goods Sold 5002000 · Charter Flight Dept. 5002010 · Aircraft Lease- Hourly 1,144,207.11 $ 27,600.00 $ 1,171,807.11 $ 1,171,807.11 $ 5002020 · Aircraft Revenue/Profit Split 4,865.37 $ 4,865.37 $ 4,865.37 $
5002030 · Aircraft Lease Costs-Broker,mtx 185,244.16 $ 11,647.03 $ 196,891.18 $ 196,891.18 $ 5002040 · Catering 16,267.93 $ 16,267.93 $ 16,267.93 $

5002050 · Crew Cost - Other 7,525.41 $ 7,525.41 $ 7,525.41 $

5002060 · Crew Cost - Airline Tickets 2,880.23 $ 2,880.23 $ 2,880.23 $

5002070 · Crew Cost - Car Rental 15,966.74 $ 15,966.74 $ 15,966.74 $

5002080 · Crew Cost - Hotel 72,599.65 $ 72,599.65 $ 72,599.65 $

5002090 · Crew Per Diem 40,526.17 $ 40,526.17 $ 40,526.17 $

5002095 · Fuel Costs 774,422.15 $ 774,422.15 $ 774,422.15 $

5002100 · Labor-Pilots 478,429.30 $ 478,429.30 $ 478,429.30 $

5002110 · Labor - Fuel At Home 46,864.34 $ 46,864.34 $ 46,864.34 $
5002120 · Landing Fees 91,751.30 $ 91,751.30 $ 91,751.30 $

5002130 · Other Services 19,138.82 $ 19,138.82 $ 19,138.82 $ Total 5002000 · Charter Flight Dept. 2,900,688.66 $ 39,247.03 $ 2,939,935.69 $ 2,939,935.69 $

5003000 · FBO- Fixed Base Operations 5003010 · Catering 76.11 $ 76.11 $ 76.11 $ 5003020 · Flight Store 1,241.80 $ 1,241.80 $ 1,241.80 $
5003030 · Fuel - Adjustments (46,266.19) $ (46,266.19) $ (46,266.19) $
5003040 · Fuel - Avgas 272,235.99 $ 272,235.99 $ 272,235.99 $ 5003050 · Fuel - Flowage/Into Fee 29,515.57 $ 29,515.57 $ 29,515.57 $

5003060 · Fuel - Jet A 617,143.96 $ 617,143.96 $ 617,143.96 $

5003070 · Labor 159,128.68 $ 159,128.68 $ 159,128.68 $

5003080 · Oil 1,931.96 $ 1,931.96 $ 1,931.96 $ Total 5003000 · FBO- Fixed Base Operations 1,035,007.88 $ - $ 1,035,007.88 $ 1,035,007.88 $

5006000 · Maintenance Dept.
5006010 · Commissions (13,666.22) $ (13,666.22) $ (13,666.22) $

5006020 · Consumables 16,100.34 $ 16,100.34 $ 16,100.34 $
5006040 · Freight 59,165.23 $ 59,165.23 $ 59,165.23 $

5006050 · Labor 526,869.94 $ 526,869.94 $ 526,869.94 $

5006070 · Other Services 225,028.82 $ 225,028.82 $ 225,028.82 $

5006080 · Parts 213,893.47 $ 213,893.47 $ 213,893.47 $

5006090 · SubContract 509,541.49 $ 509,541.49 $ 509,541.49 $
5006100 · Warranty (3,360.08) $ (3,360.08) $ (3,360.08) $
Total 5006000 · Maintenance Dept. 1,533,572.98 $ - $ 1,533,572.98 $ 1,533,572.98 $

5007000 · Aircraft Sales/Leasing Dept.

5007020 · Aircraft For Sale Insurance 3,613.44 $ 3,613.44 $ 3,613.44 $

5007030 · Aircraft For Sale Interest Cost 7,367.34 $ 7,367.34 $ 7,367.34 $

5007040 · Aircraft For Sale Lease Pmts 110,072.58 $ 110,072.58 $ 110,072.58 $

5007050 · Aircraft Lease Cost 21,881.22 $ 21,881.22 $ 21,881.22 $
5007060 · Aircraft mtx, fuel misc. 33,901.01 $ 33,901.01 $ 33,901.01 $

5007080 · Labor-salesmen 2,392.24 $ 2,392.24 $ 2,392.24 $ Total 5007000 · Aircraft Sales/Leasing Dept. 191,227.83 $ - $ 191,227.83 $ 191,227.83 $

Total COGS 5,660,497.34 $ 39,247.03 $ 5,699,744.37 $ 5,699,744.37 $

Gross Profit 2,204,614.94 $ 27,256.97 $ 2,231,871.92 $ 2,231,871.92 $

Expense 6000000 · Personnel Expenses
6000005 · Administrative/Office 242,335.37 $ 242,335.37 $ 242,335.37 $
6000015 · Drug Test 1,226.85 $ 1,226.85 $ 1,226.85 $
6000020 · Maintenance personnel 451,426.12 $ 451,426.12 $ 451,426.12 $

6000025 · Officers 162,733.21 $ 162,733.21 $ 162,733.21 $

6000030 · Charter Personnel 186,601.81 $ 186,601.81 $ 186,601.81 $

6000035 · FBO Personnel 51,647.61 $ 51,647.61 $ 51,647.61 $
6000040 · Training 94,545.44 $ 94,545.44 $ 94,545.44 $

6000045 · Uniforms 7,381.72 $ 7,381.72 $ 7,381.72 $
Total 6000000 · Personnel Expenses 1,197,898.12 $ - $ 1,197,898.12 $ 1,197,898.12 $
6000100 · Advertising & Promotions 10,094.10 $ 10,094.10 $ 10,094.10 $

6000200 · Bad Debts

6000205 · Bad Debt Write off 21,795.96 $ 21,795.96 $ 21,795.96 $

Total 6000200 · Bad Debts 21,795.96 $ - $ 21,795.96 $ 21,795.96 $

Page 2 of 3Exhibit CFM - 702

Forecast Income Statement for the Proposed Service: First Quarter of Operations (May 1, 2013 - July 31, 2013)

A BC D
Basic Forecast Proposed Service Combined Forecast Q1 - 4 Cumulative 6000300 · Building Repairs/Maintenance 18,796.17 $ 18,796.17 $ 18,796.17 $

6000400 · Contributions/Donations 954.62 $ 954.62 $ 954.62 $ 6000500 · Depreciation/Amortization 70,540.47 $ 70,540.47 $ 70,540.47 $ 6000600 · Dues and Subscriptions 30,054.79 $ 30,054.79 $ 30,054.79 $
6000700 · Equipment Expense 6000705 · Equipment Lease 37,769.00 $ 37,769.00 $ 37,769.00 $
6000715 · Equipment Repair 16,082.03 $ 16,082.03 $ 16,082.03 $
Total 6000700 · Equipment Expense 54,791.66 $ - $ 54,791.66 $ 54,791.66 $

6000800 · Facilities Rent 215,297.72 $ 215,297.72 $ 215,297.72 $

6000900 · Fees/Penalties/Fines

6000905 · Bank Fees 24,962.91 $ 24,962.91 $ 24,962.91 $

6000910 · Credit Card Fees 25,652.24 $ 25,652.24 $ 25,652.24 $ 6000915 · Finance Charge 22,269.02 $ 22,269.02 $ 22,269.02 $

6000920 · Late Fee 6,462.14 $ 6,462.14 $ 6,462.14 $

6000925 · Fines

- $ - $ - $
6000930 · Tax penalties 251.53 $ 251.53 $ 251.53 $

Total 6000900 · Fees/Penalties/Fines 79,597.83 $ - $ 79,597.83 $ 79,597.83 $
6001000 · Insurance Expense 6001005 · Hangar Rash/Insurance Ded. 36,509.33 $ 36,509.33 $ 36,509.33 $
6001010 · Monthly Insurance Expense 108,031.04 $ 108,031.04 $ 108,031.04 $
Total 6001000 · Insurance Expense 144,540.38 $ - $ 144,540.38 $ 144,540.38 $
6001100 · Interest Expense

6001105 · Bank or Loan Interest 42,222.13 $ 42,222.13 $ 42,222.13 $
Total 6001100 · Interest Expense 42,222.13 $ 42,222.13 $ 42,222.13 $

6001200 · License & License Fees 618.00 $ 618.00 $ 618.00 $
6001300 · Postage & Delivery 742.82 $ 742.82 $ 742.82 $

6001400 · Professional Fees 39,490.91 $ 39,490.91 $ 39,490.91 $ 6001500 · Small Equipment 998.82 $ 998.82 $ 998.82 $ 6001600 · Supplies

- $ - $ - $ 6001605 · Computer 4,803.28 $ 4,803.28 $ 4,803.28 $

6001610 · Office 2,713.33 $ 2,713.33 $ 2,713.33 $
6001615 · Printing 843.54 $ 843.54 $ 843.54 $

6001620 · Other 17,907.23 $ 17,907.23 $ 17,907.23 $ Total 6001600 · Supplies 26,267.38 $ - $ 26,267.38 $ 26,267.38 $

6001700 · Taxes 6001710 · Personal Property 3,516.95 $ 3,516.95 $ 3,516.95 $
6001715 · Personality Tax 9,479.58 $ 9,479.58 $ 9,479.58 $

6001720 · State Taxes 419.65 $ 419.65 $ 419.65 $

6001725 · F & E Tax 9,720.00 $ 9,720.00 $ 9,720.00 $

Total 6001700 · Taxes 23,136.18 $ 23,136.18 $ 23,136.18 $
6001800 · Travel Expenses
6001805 · Car Rental / Air travel 13,042.58 $ 13,042.58 $ 13,042.58 $ 6001810 · Hotel/Lodging 6,938.33 $ 6,938.33 $ 6,938.33 $

6001815 · Meals & Entertainment 6,802.43 $ 6,802.43 $ 6,802.43 $
Total 6001800 · Travel Expenses 26,783.35 $ - $ 26,783.35 $ 26,783.35 $

6001900 · Utilities
6001905 · Cable 659.16 $ 659.16 $ 659.16 $
6001910 · Electricity 28,039.29 $ 28,039.29 $ 28,039.29 $

6001915 · Gas 9,755.67 $ 9,755.67 $ 9,755.67 $
6001920 · Telephones 39,666.06 $ 39,666.06 $ 39,666.06 $
6001925 · Waste Disposal 2,477.78 $ 2,477.78 $ 2,477.78 $

6001930 · Water 3,867.82 $ 3,867.82 $ 3,867.82 $

Total 6001900 · Utilities 84,465.78 $ - $ 84,465.78 $ 84,465.78 $
6002000 · Vehicle Expense 20,919.07 $ 20,919.07 $ 20,919.07 $
6002005 · Web Development Expense 6,366.00 $ 6,366.00 $ 6,366.00 $

Total Expense 2,116,372.26 $ - $ 2,116,372.26 $ 2,116,372.26 $

Net Ordinary Income 88,242.68 $ 27,256.97 $ 115,499.66 $ 115,499.66 $

Other Income/Expense

Other Income

7000000 · Interest Income 70.19 $ 70.19 $ 70.19 $

7000050 · Miscellaneous Income

- $ - $ - $ 7000200 · Future Investmnt/Developmnt

- $ - $ - $

7000205 · Labor R&D

- $ - $ - $ 7000210 · Other Expenses R&D

- $ - $ - $ Total 7000200 · Future Investmnt/Developmnt

- $ - $ - $

Total Other Income 70.19 $ - $ 70.19 $ 70.19 $

Net Other Income 70.19 $ 70.19 $ 70.19 $

Net Income 88,312.88 $ 27,256.97 $ 115,569.85 $ 115,569.85 $

Page 3 of 3Exhibit CFM - 703

Forecast Income Statement for the Proposed Service: Second Quarter of Operations (August 1, 2013 - October 31, 2013)

A BC D
Basic Forecast Proposed Service Combined Forecast Q1 - 4 Cumulative

Round Trips for the Proposed Service - This Quarter 39

Flight Hours for the Proposed Service - This Quarter 71.8

Ordinary Income/Expense

Income

4001000 · Administration 4001005 · Accounting/Mgmt Svcs 15,050.00 $ 15,050.00 $ 30,100.01 $

Total 4001000 · Administration 15,050.00 $ - $ 15,050.00 $ 30,100.01 $

4002000 · Charter Flight Operations 4002010 · Charter Hourly Rate 2,596,598.07 $ 64,841.40 $ 2,661,439.47 $ 5,324,541.54 $

4002030 · Crew Per Diem 20,537.33 $ 20,537.33 $ 41,074.66 $ 4002040 · Daily Crew Charge 130,266.00 $ 130,266.00 $ 260,532.00 $

4002050 · Fuel - Home 133,031.81 $ 133,031.81 $ 266,063.63 $ 4002070 · Fuel Surcharge 140,223.36 $ 140,223.36 $ 280,446.72 $

4002080 · Hotel 18,474.39 $ 18,474.39 $ 36,948.78 $
4002090 · Landing Fees 121,395.46 $ 121,395.46 $ 242,790.92 $
4002100 · Management Fee 215,521.43 $ 215,521.43 $ 431,042.86 $

4002110 · Other Services 27,958.36 $ 27,958.36 $ 55,916.71 $ 4002120 · Overnight 124,866.00 $ 124,866.00 $ 249,732.00 $

4002130 · Rental Car 16,618.96 $ 16,618.96 $ 33,237.91 $

4002140 · Wait Time 9,349.20 $ 9,349.20 $ 18,698.40 $ Total 4002000 · Charter Flight Operations 3,554,840.36 $ 64,841.40 $ 3,619,681.76 $ 7,241,026.13 $

4003000 · Fixed Base Operations-FBO 4003010 · Aircraft Cleaning 5,684.99 $ 5,684.99 $ 11,369.99 $ 4003020 · Catering 1,147.71 $ 1,147.71 $ 2,295.42 $

4003030 · Commissions/Rentals 4,636.26 $ 4,636.26 $ 9,272.52 $ 4003040 · Flight Store 1,681.66 $ 1,681.66 $ 3,363.32 $
4003050 · Fuel - Avgas 346,922.91 $ 346,922.91 $ 693,845.82 $

4003070 · Fuel - Jet A 745,663.48 $ 745,663.48 $ 1,491,326.95 $

4003080 · Fuel Tax Credit 32,523.38 $ 32,523.38 $ 65,046.77 $ 4003090 · Fueling Svcs-Into/flowage 135,208.67 $ 135,208.67 $ 270,417.34 $ 4003100 · Ground Handling 39,803.27 $ 39,803.27 $ 79,606.54 $
4003110 · Hangar Rent 127,083.23 $ 127,083.23 $ 254,166.46 $

4003120 · Office Rent 19,830.00 $ 19,830.00 $ 39,660.00 $

4003130 · Oil Sales 2,096.27 $ 2,096.27 $ 4,192.54 $

4003140 · Tow/Tie Down 10,499.50 $ 10,499.50 $ 20,998.99 $
4003145 · Discounts or Adjustments (2,930.61) $ (2,930.61) $ (5,861.22) $ Total 4003000 · Fixed Base Operations-FBO 1,469,850.71 $ - $ 1,469,850.71 $ 2,939,701.43 $

4006000 · Maintenance 4006010 · Commissions/Warranty

- $ - $ - $

4006020 · Consumables 15,735.04 $ 15,735.04 $ 31,470.07 $
4006030 · Equipment Rental

- $ - $ - $
4006040 · Freight 36,947.89 $ 36,947.89 $ 73,895.77 $

4006050 · Labor Sales 562,350.34 $ 562,350.34 $ 1,124,700.68 $ 4006060 · Manuals-Revisions-Subscriptions

- $ - $ - $

4006070 · Other Services/Fees 223,148.15 $ 223,148.15 $ 446,296.31 $

4006080 · Parts Sales 1,305,380.34 $ 1,305,380.34 $ 2,610,760.68 $

4006090 · SubContract Sales 363,663.67 $ 363,663.67 $ 727,327.33 $
4006095 · Discounts or Adjustments (40,482.10) $ (40,482.10) $ (80,964.20) $

Total 4006000 · Maintenance 2,466,743.32 $ - $ 2,466,743.32 $ 4,933,486.64 $

4007000 · Aircraft Sales and Leasing

4007020 · Aircraft Lease 274,876.86 $ 274,876.86 $ 549,753.72 $

4007030 · Broker Commission 65,661.02 $ 65,661.02 $ 131,322.05 $ 4007040 · Consulting 90.00 $ 90.00 $ 180.00 $

4007050 · Sales 18,000.00 $ 18,000.00 $ 36,000.00 $ Total 4007000 · Aircraft Sales and Leasing 358,627.88 $ - $ 358,627.88 $ 717,255.77 $

9999999 · Clearing Account

- $ - $ - $ - $

Total Income 7,865,112.29 $ 64,841.40 $ 7,929,953.69 $ 15,861,569.98 $

Cost of Goods Sold 5002000 · Charter Flight Dept. 5002010 · Aircraft Lease- Hourly 1,144,207.11 $ 26,910.00 $ 1,171,117.11 $ 2,342,924.22 $ 5002020 · Aircraft Revenue/Profit Split 4,865.37 $ 4,865.37 $ 9,730.74 $
5002030 · Aircraft Lease Costs-Broker,mtx 185,244.16 $ 11,355.85 $ 196,600.01 $ 393,491.19 $ 5002040 · Catering 16,267.93 $ 16,267.93 $ 32,535.85 $

Pages 1 of 3Exhibit CFM - 703

Forecast Income Statement for the Proposed Service: Second Quarter of Operations (August 1, 2013 - October 31, 2013)

A BC D
Basic Forecast Proposed Service Combined Forecast Q1 - 4 Cumulative

5002050 · Crew Cost - Other 7,525.41 $ 7,525.41 $ 15,050.82 $

5002060 · Crew Cost - Airline Tickets 2,880.23 $ 2,880.23 $ 5,760.47 $

5002070 · Crew Cost - Car Rental 15,966.74 $ 15,966.74 $ 31,933.48 $

5002080 · Crew Cost - Hotel 72,599.65 $ 72,599.65 $ 145,199.29 $

5002090 · Crew Per Diem 40,526.17 $ 40,526.17 $ 81,052.33 $

5002095 · Fuel Costs 774,422.15 $ 774,422.15 $ 1,548,844.30 $

5002100 · Labor-Pilots 478,429.30 $ 478,429.30 $ 956,858.59 $

5002110 · Labor - Fuel At Home 46,864.34 $ 46,864.34 $ 93,728.68 $
5002120 · Landing Fees 91,751.30 $ 91,751.30 $ 183,502.61 $

5002130 · Other Services 19,138.82 $ 19,138.82 $ 38,277.64 $ Total 5002000 · Charter Flight Dept. 2,900,688.66 $ 38,265.85 $ 2,938,954.51 $ 5,878,890.20 $

5003000 · FBO- Fixed Base Operations 5003010 · Catering 76.11 $ 76.11 $ 152.22 $ 5003020 · Flight Store 1,241.80 $ 1,241.80 $ 2,483.60 $
5003030 · Fuel - Adjustments (46,266.19) $ (46,266.19) $ (92,532.38) $
5003040 · Fuel - Avgas 272,235.99 $ 272,235.99 $ 544,471.98 $ 5003050 · Fuel - Flowage/Into Fee 29,515.57 $ 29,515.57 $ 59,031.13 $

5003060 · Fuel - Jet A 617,143.96 $ 617,143.96 $ 1,234,287.92 $

5003070 · Labor 159,128.68 $ 159,128.68 $ 318,257.35 $

5003080 · Oil 1,931.96 $ 1,931.96 $ 3,863.93 $ Total 5003000 · FBO- Fixed Base Operations 1,035,007.88 $ - $ 1,035,007.88 $ 2,070,015.76 $

5006000 · Maintenance Dept.
5006010 · Commissions (13,666.22) $ (13,666.22) $ (27,332.45) $

5006020 · Consumables 16,100.34 $ 16,100.34 $ 32,200.68 $
5006040 · Freight 59,165.23 $ 59,165.23 $ 118,330.46 $

5006050 · Labor 526,869.94 $ 526,869.94 $ 1,053,739.87 $

5006070 · Other Services 225,028.82 $ 225,028.82 $ 450,057.65 $

5006080 · Parts 213,893.47 $ 213,893.47 $ 427,786.93 $

5006090 · SubContract 509,541.49 $ 509,541.49 $ 1,019,082.97 $
5006100 · Warranty (3,360.08) $ (3,360.08) $ (6,720.17) $
Total 5006000 · Maintenance Dept. 1,533,572.98 $ - $ 1,533,572.98 $ 3,067,145.95 $

5007000 · Aircraft Sales/Leasing Dept.

5007020 · Aircraft For Sale Insurance 3,613.44 $ 3,613.44 $ 7,226.88 $

5007030 · Aircraft For Sale Interest Cost 7,367.34 $ 7,367.34 $ 14,734.68 $

5007040 · Aircraft For Sale Lease Pmts 110,072.58 $ 110,072.58 $ 220,145.16 $

5007050 · Aircraft Lease Cost 21,881.22 $ 21,881.22 $ 43,762.44 $
5007060 · Aircraft mtx, fuel misc. 33,901.01 $ 33,901.01 $ 67,802.03 $

5007080 · Labor-salesmen 2,392.24 $ 2,392.24 $ 4,784.47 $ Total 5007000 · Aircraft Sales/Leasing Dept. 191,227.83 $ - $ 191,227.83 $ 382,455.66 $

- $

Total COGS 5,660,497.34 $ 38,265.85 $ 5,698,763.20 $ 11,398,507.57 $

- $

Gross Profit 2,204,614.94 $ 26,575.55 $ 2,231,190.49 $ 4,463,062.41 $

Expense 6000000 · Personnel Expenses
6000005 · Administrative/Office 242,335.37 $ 242,335.37 $ 484,670.74 $
6000015 · Drug Test 1,226.85 $ 1,226.85 $ 2,453.70 $
6000020 · Maintenance personnel 451,426.12 $ 451,426.12 $ 902,852.23 $

6000025 · Officers 162,733.21 $ 162,733.21 $ 325,466.42 $

6000030 · Charter Personnel 186,601.81 $ 186,601.81 $ 373,203.61 $

6000035 · FBO Personnel 51,647.61 $ 51,647.61 $ 103,295.22 $
6000040 · Training 94,545.44 $ 94,545.44 $ 189,090.89 $

6000045 · Uniforms 7,381.72 $ 7,381.72 $ 14,763.43 $
Total 6000000 · Personnel Expenses 1,197,898.12 $ - $ 1,197,898.12 $ 2,395,796.24 $
6000100 · Advertising & Promotions 10,094.10 $ 10,094.10 $ 20,188.20 $

6000200 · Bad Debts

6000205 · Bad Debt Write off 21,795.96 $ 21,795.96 $ 43,591.92 $

Total 6000200 · Bad Debts 21,795.96 $ - $ 21,795.96 $ 43,591.92 $ 6000300 · Building Repairs/Maintenance 18,796.17 $ 18,796.17 $ 37,592.34 $

6000400 · Contributions/Donations 954.62 $ 954.62 $ 1,909.25 $ 6000500 · Depreciation/Amortization 70,540.47 $ 70,540.47 $ 141,080.94 $ 6000600 · Dues and Subscriptions 30,054.79 $ 30,054.79 $ 60,109.57 $
6000700 · Equipment Expense 6000705 · Equipment Lease 37,769.00 $ 37,769.00 $ 75,538.01 $
6000715 · Equipment Repair 16,082.03 $ 16,082.03 $ 32,164.07 $
Total 6000700 · Equipment Expense 54,791.66 $ - $ 54,791.66 $ 109,583.32 $

6000800 · Facilities Rent 215,297.72 $ 215,297.72 $ 430,595.44 $

6000900 · Fees/Penalties/Fines

6000905 · Bank Fees 24,962.91 $ 24,962.91 $ 49,925.82 $

Pages 2 of 3Exhibit CFM - 703

Forecast Income Statement for the Proposed Service: Second Quarter of Operations (August 1, 2013 - October 31, 2013)

A BC D
Basic Forecast Proposed Service Combined Forecast Q1 - 4 Cumulative

6000910 · Credit Card Fees 25,652.24 $ 25,652.24 $ 51,304.48 $ 6000915 · Finance Charge 22,269.02 $ 22,269.02 $ 44,538.04 $

6000920 · Late Fee 6,462.14 $ 6,462.14 $ 12,924.28 $

6000925 · Fines

- $ - $ - $
6000930 · Tax penalties 251.53 $ 251.53 $ 503.05 $

Total 6000900 · Fees/Penalties/Fines 79,597.83 $ - $ 79,597.83 $ 159,195.66 $
6001000 · Insurance Expense 6001005 · Hangar Rash/Insurance Ded. 36,509.33 $ 36,509.33 $ 73,018.67 $
6001010 · Monthly Insurance Expense 108,031.04 $ 108,031.04 $ 216,062.09 $
Total 6001000 · Insurance Expense 144,540.38 $ - $ 144,540.38 $ 289,080.76 $
6001100 · Interest Expense

6001105 · Bank or Loan Interest 42,222.13 $ 42,222.13 $ 84,444.25 $
Total 6001100 · Interest Expense 42,222.13 $ 42,222.13 $ 84,444.25 $

6001200 · License & License Fees 618.00 $ 618.00 $ 1,236.00 $
6001300 · Postage & Delivery 742.82 $ 742.82 $ 1,485.65 $

6001400 · Professional Fees 39,490.91 $ 39,490.91 $ 78,981.83 $ 6001500 · Small Equipment 998.82 $ 998.82 $ 1,997.64 $ 6001600 · Supplies 6001605 · Computer 4,803.28 $ 4,803.28 $ 9,606.55 $

6001610 · Office 2,713.33 $ 2,713.33 $ 5,426.66 $
6001615 · Printing 843.54 $ 843.54 $ 1,687.08 $

6001620 · Other 17,907.23 $ 17,907.23 $ 35,814.47 $ Total 6001600 · Supplies 26,267.38 $ - $ 26,267.38 $ 52,534.76 $

6001700 · Taxes 6001710 · Personal Property 3,516.95 $ 3,516.95 $ 7,033.90 $
6001715 · Personality Tax 9,479.58 $ 9,479.58 $ 18,959.16 $

6001720 · State Taxes 419.65 $ 419.65 $ 839.30 $

6001725 · F & E Tax 9,720.00 $ 9,720.00 $ 19,440.00 $

Total 6001700 · Taxes 23,136.18 $ 23,136.18 $ 46,272.36 $
6001800 · Travel Expenses
6001805 · Car Rental / Air travel 13,042.58 $ 13,042.58 $ 26,085.17 $ 6001810 · Hotel/Lodging 6,938.33 $ 6,938.33 $ 13,876.67 $

6001815 · Meals & Entertainment 6,802.43 $ 6,802.43 $ 13,604.86 $
Total 6001800 · Travel Expenses 26,783.35 $ - $ 26,783.35 $ 53,566.69 $

6001900 · Utilities
6001905 · Cable 659.16 $ 659.16 $ 1,318.32 $
6001910 · Electricity 28,039.29 $ 28,039.29 $ 56,078.58 $

6001915 · Gas 9,755.67 $ 9,755.67 $ 19,511.34 $
6001920 · Telephones 39,666.06 $ 39,666.06 $ 79,332.12 $
6001925 · Waste Disposal 2,477.78 $ 2,477.78 $ 4,955.57 $

6001930 · Water 3,867.82 $ 3,867.82 $ 7,735.63 $

Total 6001900 · Utilities 84,465.78 $ - $ 84,465.78 $ 168,931.56 $
6002000 · Vehicle Expense 20,919.07 $ 20,919.07 $ 41,838.14 $
6002005 · Web Development Expense 6,366.00 $ 6,366.00 $ 12,732.00 $

Total Expense 2,116,372.26 $ - $ 2,116,372.26 $ 4,232,744.52 $

Net Ordinary Income 88,242.68 $ 26,575.55 $ 114,818.23 $ 230,317.89 $

Other Income/Expense

Other Income

7000000 · Interest Income 70.19 $ 70.19 $ 140.39 $

7000050 · Miscellaneous Income

- $ - $ - $ 7000200 · Future Investmnt/Developmnt

- $ - $ - $

7000205 · Labor R&D

- $ - $ - $ 7000210 · Other Expenses R&D

- $ - $ - $ Total 7000200 · Future Investmnt/Developmnt

- $ - $ - $

Total Other Income 70.19 $ - $ 70.19 $ 140.39 $

- $

Net Other Income 70.19 $ 70.19 $ 140.39 $

- $

Net Income 88,312.88 $ 26,575.55 $ 114,888.42 $ 230,458.27 $

Pages 3 of 3Exhibit CFM - 704

Forecast Income Statement for the Proposed Service: Third Quarter of Operations (November 1, 2013 - January 31, 2013)

A BC D
Basic Forecast Proposed Service Combined Forecast Q1 - 4 Cumulative

Round Trips for the Proposed Service - This Quarter 39

Flight Hours for the Proposed Service - This Quarter 71.8

Ordinary Income/Expense

Income

4001000 · Administration 4001005 · Accounting/Mgmt Svcs 15,050.00 $ 15,050.00 $ 45,150.01 $

Total 4001000 · Administration 15,050.00 $ - $ 15,050.00 $ 45,150.01 $

4002000 · Charter Flight Operations 4002010 · Charter Hourly Rate 2,596,598.07 $ 64,841.40 $ 2,661,439.47 $ 7,985,981.01 $

4002030 · Crew Per Diem 20,537.33 $ 20,537.33 $ 61,611.98 $ 4002040 · Daily Crew Charge 130,266.00 $ 130,266.00 $ 390,798.00 $

4002050 · Fuel - Home 133,031.81 $ 133,031.81 $ 399,095.44 $ 4002070 · Fuel Surcharge 140,223.36 $ 140,223.36 $ 420,670.08 $

4002080 · Hotel 18,474.39 $ 18,474.39 $ 55,423.17 $
4002090 · Landing Fees 121,395.46 $ 121,395.46 $ 364,186.39 $
4002100 · Management Fee 215,521.43 $ 215,521.43 $ 646,564.28 $

4002110 · Other Services 27,958.36 $ 27,958.36 $ 83,875.07 $ 4002120 · Overnight 124,866.00 $ 124,866.00 $ 374,598.00 $

4002130 · Rental Car 16,618.96 $ 16,618.96 $ 49,856.87 $

4002140 · Wait Time 9,349.20 $ 9,349.20 $ 28,047.60 $ Total 4002000 · Charter Flight Operations 3,554,840.36 $ 64,841.40 $ 3,619,681.76 $ 10,860,707.89 $

4003000 · Fixed Base Operations-FBO 4003010 · Aircraft Cleaning 5,684.99 $ 5,684.99 $ 17,054.98 $ 4003020 · Catering 1,147.71 $ 1,147.71 $ 3,443.13 $

4003030 · Commissions/Rentals 4,636.26 $ 4,636.26 $ 13,908.78 $ 4003040 · Flight Store 1,681.66 $ 1,681.66 $ 5,044.99 $
4003050 · Fuel - Avgas 346,922.91 $ 346,922.91 $ 1,040,768.73 $

4003070 · Fuel - Jet A 745,663.48 $ 745,663.48 $ 2,236,990.43 $

4003080 · Fuel Tax Credit 32,523.38 $ 32,523.38 $ 97,570.15 $ 4003090 · Fueling Svcs-Into/flowage 135,208.67 $ 135,208.67 $ 405,626.00 $ 4003100 · Ground Handling 39,803.27 $ 39,803.27 $ 119,409.80 $
4003110 · Hangar Rent 127,083.23 $ 127,083.23 $ 381,249.68 $

4003120 · Office Rent 19,830.00 $ 19,830.00 $ 59,490.00 $

4003130 · Oil Sales 2,096.27 $ 2,096.27 $ 6,288.80 $

4003140 · Tow/Tie Down 10,499.50 $ 10,499.50 $ 31,498.49 $
4003145 · Discounts or Adjustments (2,930.61) $ (2,930.61) $ (8,791.83) $ Total 4003000 · Fixed Base Operations-FBO 1,469,850.71 $ - $ 1,469,850.71 $ 4,409,552.14 $

4006000 · Maintenance 4006010 · Commissions/Warranty

- $ - $ - $

4006020 · Consumables 15,735.04 $ 15,735.04 $ 47,205.11 $
4006030 · Equipment Rental

- $ - $ - $
4006040 · Freight 36,947.89 $ 36,947.89 $ 110,843.66 $

4006050 · Labor Sales 562,350.34 $ 562,350.34 $ 1,687,051.03 $ 4006060 · Manuals-Revisions-Subscriptions

- $ - $ - $

4006070 · Other Services/Fees 223,148.15 $ 223,148.15 $ 669,444.46 $

4006080 · Parts Sales 1,305,380.34 $ 1,305,380.34 $ 3,916,141.02 $

4006090 · SubContract Sales 363,663.67 $ 363,663.67 $ 1,090,991.00 $
4006095 · Discounts or Adjustments (40,482.10) $ (40,482.10) $ (121,446.31) $

Total 4006000 · Maintenance 2,466,743.32 $ - $ 2,466,743.32 $ 7,400,229.97 $

4007000 · Aircraft Sales and Leasing

4007020 · Aircraft Lease 274,876.86 $ 274,876.86 $ 824,630.58 $

4007030 · Broker Commission 65,661.02 $ 65,661.02 $ 196,983.07 $ 4007040 · Consulting 90.00 $ 90.00 $ 270.00 $

4007050 · Sales 18,000.00 $ 18,000.00 $ 54,000.00 $ Total 4007000 · Aircraft Sales and Leasing 358,627.88 $ - $ 358,627.88 $ 1,075,883.65 $

9999999 · Clearing Account

- $ - $ - $ - $

Total Income 7,865,112.29 $ 64,841.40 $ 7,929,953.69 $ 23,791,523.66 $

Cost of Goods Sold 5002000 · Charter Flight Dept. 5002010 · Aircraft Lease- Hourly 1,144,207.11 $ 26,910.00 $ 1,171,117.11 $ 3,514,041.33 $ 5002020 · Aircraft Revenue/Profit Split 4,865.37 $ 4,865.37 $ 14,596.11 $
5002030 · Aircraft Lease Costs-Broker,mtx 185,244.16 $ 11,355.85 $ 196,600.01 $ 590,091.20 $ 5002040 · Catering 16,267.93 $ 16,267.93 $ 48,803.78 $

Page 1 of 3Exhibit CFM - 704

Forecast Income Statement for the Proposed Service: Third Quarter of Operations (November 1, 2013 - January 31, 2013)

A BC D
Basic Forecast Proposed Service Combined Forecast Q1 - 4 Cumulative

5002050 · Crew Cost - Other 7,525.41 $ 7,525.41 $ 22,576.23 $

5002060 · Crew Cost - Airline Tickets 2,880.23 $ 2,880.23 $ 8,640.70 $

5002070 · Crew Cost - Car Rental 15,966.74 $ 15,966.74 $ 47,900.21 $

5002080 · Crew Cost - Hotel 72,599.65 $ 72,599.65 $ 217,798.94 $

5002090 · Crew Per Diem 40,526.17 $ 40,526.17 $ 121,578.50 $

5002095 · Fuel Costs 774,422.15 $ 774,422.15 $ 2,323,266.44 $

5002100 · Labor-Pilots 478,429.30 $ 478,429.30 $ 1,435,287.89 $

5002110 · Labor - Fuel At Home 46,864.34 $ 46,864.34 $ 140,593.01 $
5002120 · Landing Fees 91,751.30 $ 91,751.30 $ 275,253.91 $

5002130 · Other Services 19,138.82 $ 19,138.82 $ 57,416.45 $ Total 5002000 · Charter Flight Dept. 2,900,688.66 $ 38,265.85 $ 2,938,954.51 $ 8,817,844.72 $

5003000 · FBO- Fixed Base Operations 5003010 · Catering 76.11 $ 76.11 $ 228.33 $ 5003020 · Flight Store 1,241.80 $ 1,241.80 $ 3,725.41 $
5003030 · Fuel - Adjustments (46,266.19) $ (46,266.19) $ (138,798.58) $
5003040 · Fuel - Avgas 272,235.99 $ 272,235.99 $ 816,707.97 $ 5003050 · Fuel - Flowage/Into Fee 29,515.57 $ 29,515.57 $ 88,546.70 $

5003060 · Fuel - Jet A 617,143.96 $ 617,143.96 $ 1,851,431.89 $

5003070 · Labor 159,128.68 $ 159,128.68 $ 477,386.03 $

5003080 · Oil 1,931.96 $ 1,931.96 $ 5,795.89 $ Total 5003000 · FBO- Fixed Base Operations 1,035,007.88 $ - $ 1,035,007.88 $ 3,105,023.63 $

5006000 · Maintenance Dept.
5006010 · Commissions (13,666.22) $ (13,666.22) $ (40,998.67) $

5006020 · Consumables 16,100.34 $ 16,100.34 $ 48,301.02 $
5006040 · Freight 59,165.23 $ 59,165.23 $ 177,495.70 $

5006050 · Labor 526,869.94 $ 526,869.94 $ 1,580,609.81 $

5006070 · Other Services 225,028.82 $ 225,028.82 $ 675,086.47 $

5006080 · Parts 213,893.47 $ 213,893.47 $ 641,680.40 $

5006090 · SubContract 509,541.49 $ 509,541.49 $ 1,528,624.46 $
5006100 · Warranty (3,360.08) $ (3,360.08) $ (10,080.25) $
Total 5006000 · Maintenance Dept. 1,533,572.98 $ - $ 1,533,572.98 $ 4,600,718.93 $

5007000 · Aircraft Sales/Leasing Dept.

5007020 · Aircraft For Sale Insurance 3,613.44 $ 3,613.44 $ 10,840.32 $

5007030 · Aircraft For Sale Interest Cost 7,367.34 $ 7,367.34 $ 22,102.02 $

5007040 · Aircraft For Sale Lease Pmts 110,072.58 $ 110,072.58 $ 330,217.74 $

5007050 · Aircraft Lease Cost 21,881.22 $ 21,881.22 $ 65,643.66 $
5007060 · Aircraft mtx, fuel misc. 33,901.01 $ 33,901.01 $ 101,703.04 $

5007080 · Labor-salesmen 2,392.24 $ 2,392.24 $ 7,176.71 $ Total 5007000 · Aircraft Sales/Leasing Dept. 191,227.83 $ - $ 191,227.83 $ 573,683.49 $

- $

Total COGS 5,660,497.34 $ 38,265.85 $ 5,698,763.20 $ 17,097,270.77 $

- $

Gross Profit 2,204,614.94 $ 26,575.55 $ 2,231,190.49 $ 6,694,252.90 $

Expense 6000000 · Personnel Expenses
6000005 · Administrative/Office 242,335.37 $ 242,335.37 $ 727,006.10 $
6000015 · Drug Test 1,226.85 $ 1,226.85 $ 3,680.55 $
6000020 · Maintenance personnel 451,426.12 $ 451,426.12 $ 1,354,278.35 $

6000025 · Officers 162,733.21 $ 162,733.21 $ 488,199.64 $

6000030 · Charter Personnel 186,601.81 $ 186,601.81 $ 559,805.42 $

6000035 · FBO Personnel 51,647.61 $ 51,647.61 $ 154,942.83 $
6000040 · Training 94,545.44 $ 94,545.44 $ 283,636.33 $

6000045 · Uniforms 7,381.72 $ 7,381.72 $ 22,145.15 $
Total 6000000 · Personnel Expenses 1,197,898.12 $ - $ 1,197,898.12 $ 3,593,694.37 $
6000100 · Advertising & Promotions 10,094.10 $ 10,094.10 $ 30,282.30 $

6000200 · Bad Debts

6000205 · Bad Debt Write off 21,795.96 $ 21,795.96 $ 65,387.88 $

Total 6000200 · Bad Debts 21,795.96 $ - $ 21,795.96 $ 65,387.88 $ 6000300 · Building Repairs/Maintenance 18,796.17 $ 18,796.17 $ 56,388.51 $

6000400 · Contributions/Donations 954.62 $ 954.62 $ 2,863.87 $ 6000500 · Depreciation/Amortization 70,540.47 $ 70,540.47 $ 211,621.41 $ 6000600 · Dues and Subscriptions 30,054.79 $ 30,054.79 $ 90,164.36 $
6000700 · Equipment Expense 6000705 · Equipment Lease 37,769.00 $ 37,769.00 $ 113,307.01 $
6000715 · Equipment Repair 16,082.03 $ 16,082.03 $ 48,246.10 $
Total 6000700 · Equipment Expense 54,791.66 $ - $ 54,791.66 $ 164,374.97 $

6000800 · Facilities Rent 215,297.72 $ 215,297.72 $ 645,893.15 $

6000900 · Fees/Penalties/Fines

6000905 · Bank Fees 24,962.91 $ 24,962.91 $ 74,888.73 $

Page 2 of 3Exhibit CFM - 704

Forecast Income Statement for the Proposed Service: Third Quarter of Operations (November 1, 2013 - January 31, 2013)

A BC D
Basic Forecast Proposed Service Combined Forecast Q1 - 4 Cumulative

6000910 · Credit Card Fees 25,652.24 $ 25,652.24 $ 76,956.71 $ 6000915 · Finance Charge 22,269.02 $ 22,269.02 $ 66,807.05 $

6000920 · Late Fee 6,462.14 $ 6,462.14 $ 19,386.41 $

6000925 · Fines

- $ - $ - $
6000930 · Tax penalties 251.53 $ 251.53 $ 754.58 $

Total 6000900 · Fees/Penalties/Fines 79,597.83 $ - $ 79,597.83 $ 238,793.49 $
6001000 · Insurance Expense 6001005 · Hangar Rash/Insurance Ded. 36,509.33 $ 36,509.33 $ 109,528.00 $
6001010 · Monthly Insurance Expense 108,031.04 $ 108,031.04 $ 324,093.13 $
Total 6001000 · Insurance Expense 144,540.38 $ - $ 144,540.38 $ 433,621.13 $
6001100 · Interest Expense

6001105 · Bank or Loan Interest 42,222.13 $ 42,222.13 $ 126,666.38 $
Total 6001100 · Interest Expense 42,222.13 $ 42,222.13 $ 126,666.38 $

6001200 · License & License Fees 618.00 $ 618.00 $ 1,854.00 $
6001300 · Postage & Delivery 742.82 $ 742.82 $ 2,228.47 $

6001400 · Professional Fees 39,490.91 $ 39,490.91 $ 118,472.74 $ 6001500 · Small Equipment 998.82 $ 998.82 $ 2,996.46 $ 6001600 · Supplies 6001605 · Computer 4,803.28 $ 4,803.28 $ 14,409.83 $

6001610 · Office 2,713.33 $ 2,713.33 $ 8,140.00 $
6001615 · Printing 843.54 $ 843.54 $ 2,530.62 $

6001620 · Other 17,907.23 $ 17,907.23 $ 53,721.70 $ Total 6001600 · Supplies 26,267.38 $ - $ 26,267.38 $ 78,802.15 $

6001700 · Taxes 6001710 · Personal Property 3,516.95 $ 3,516.95 $ 10,550.84 $
6001715 · Personality Tax 9,479.58 $ 9,479.58 $ 28,438.74 $

6001720 · State Taxes 419.65 $ 419.65 $ 1,258.96 $

6001725 · F & E Tax 9,720.00 $ 9,720.00 $ 29,160.00 $

Total 6001700 · Taxes 23,136.18 $ 23,136.18 $ 69,408.54 $
6001800 · Travel Expenses
6001805 · Car Rental / Air travel 13,042.58 $ 13,042.58 $ 39,127.75 $ 6001810 · Hotel/Lodging 6,938.33 $ 6,938.33 $ 20,815.00 $

6001815 · Meals & Entertainment 6,802.43 $ 6,802.43 $ 20,407.28 $
Total 6001800 · Travel Expenses 26,783.35 $ - $ 26,783.35 $ 80,350.04 $

6001900 · Utilities
6001905 · Cable 659.16 $ 659.16 $ 1,977.48 $
6001910 · Electricity 28,039.29 $ 28,039.29 $ 84,117.87 $

6001915 · Gas 9,755.67 $ 9,755.67 $ 29,267.01 $
6001920 · Telephones 39,666.06 $ 39,666.06 $ 118,998.18 $
6001925 · Waste Disposal 2,477.78 $ 2,477.78 $ 7,433.35 $

6001930 · Water 3,867.82 $ 3,867.82 $ 11,603.45 $

Total 6001900 · Utilities 84,465.78 $ - $ 84,465.78 $ 253,397.34 $
6002000 · Vehicle Expense 20,919.07 $ 20,919.07 $ 62,757.22 $
6002005 · Web Development Expense 6,366.00 $ 6,366.00 $ 19,098.00 $

Total Expense 2,116,372.26 $ - $ 2,116,372.26 $ 6,349,116.78 $

Net Ordinary Income 88,242.68 $ 26,575.55 $ 114,818.23 $ 345,136.12 $

Other Income/Expense

Other Income

7000000 · Interest Income 70.19 $ 70.19 $ 210.58 $

7000050 · Miscellaneous Income

- $ - $ - $ 7000200 · Future Investmnt/Developmnt

- $ - $ - $

7000205 · Labor R&D

- $ - $ - $ 7000210 · Other Expenses R&D

- $ - $ - $ Total 7000200 · Future Investmnt/Developmnt

- $ - $ - $

Total Other Income 70.19 $ - $ 70.19 $ 210.58 $

- $

Net Other Income 70.19 $ 70.19 $ 210.58 $

- $

Net Income 88,312.88 $ 26,575.55 $ 114,888.42 $ 345,346.70 $

Page 3 of 3Exhibit CFM - 705

Forecast Income Statement for the Proposed Service: Fourth Quarter of Operations (Feburary 1, 2014 - April 30, 2014)

A BC D
Basic Forecast Proposed Service Combined Forecast Q1 - 4 Cumulative

Round Trips for the Proposed Service - This Quarter 39

Flight Hours for the Proposed Service - This Quarter 71.8

Ordinary Income/Expense

Income

4001000 · Administration 4001005 · Accounting/Mgmt Svcs 15,050.00 $ 15,050.00 $ 60,200.02 $

Total 4001000 · Administration 15,050.00 $ - $ 15,050.00 $ 60,200.02 $

4002000 · Charter Flight Operations 4002010 · Charter Hourly Rate 2,596,598.07 $ 64,841.40 $ 2,661,439.47 $ 10,647,420.48 $

4002030 · Crew Per Diem 20,537.33 $ 20,537.33 $ 82,149.31 $ 4002040 · Daily Crew Charge 130,266.00 $ 130,266.00 $ 521,064.00 $

4002050 · Fuel - Home 133,031.81 $ 133,031.81 $ 532,127.26 $ 4002070 · Fuel Surcharge 140,223.36 $ 140,223.36 $ 560,893.44 $

4002080 · Hotel 18,474.39 $ 18,474.39 $ 73,897.56 $
4002090 · Landing Fees 121,395.46 $ 121,395.46 $ 485,581.85 $
4002100 · Management Fee 215,521.43 $ 215,521.43 $ 862,085.71 $

4002110 · Other Services 27,958.36 $ 27,958.36 $ 111,833.42 $ 4002120 · Overnight 124,866.00 $ 124,866.00 $ 499,464.00 $

4002130 · Rental Car 16,618.96 $ 16,618.96 $ 66,475.82 $

4002140 · Wait Time 9,349.20 $ 9,349.20 $ 37,396.80 $ Total 4002000 · Charter Flight Operations 3,554,840.36 $ 64,841.40 $ 3,619,681.76 $ 14,480,389.66 $

4003000 · Fixed Base Operations-FBO 4003010 · Aircraft Cleaning 5,684.99 $ 5,684.99 $ 22,739.98 $ 4003020 · Catering 1,147.71 $ 1,147.71 $ 4,590.84 $

4003030 · Commissions/Rentals 4,636.26 $ 4,636.26 $ 18,545.04 $ 4003040 · Flight Store 1,681.66 $ 1,681.66 $ 6,726.65 $
4003050 · Fuel - Avgas 346,922.91 $ 346,922.91 $ 1,387,691.64 $

4003070 · Fuel - Jet A 745,663.48 $ 745,663.48 $ 2,982,653.90 $

4003080 · Fuel Tax Credit 32,523.38 $ 32,523.38 $ 130,093.54 $ 4003090 · Fueling Svcs-Into/flowage 135,208.67 $ 135,208.67 $ 540,834.67 $ 4003100 · Ground Handling 39,803.27 $ 39,803.27 $ 159,213.07 $
4003110 · Hangar Rent 127,083.23 $ 127,083.23 $ 508,332.91 $

4003120 · Office Rent 19,830.00 $ 19,830.00 $ 79,320.00 $

4003130 · Oil Sales 2,096.27 $ 2,096.27 $ 8,385.07 $

4003140 · Tow/Tie Down 10,499.50 $ 10,499.50 $ 41,997.98 $
4003145 · Discounts or Adjustments (2,930.61) $ (2,930.61) $ (11,722.44) $ Total 4003000 · Fixed Base Operations-FBO 1,469,850.71 $ - $ 1,469,850.71 $ 5,879,402.86 $

4006000 · Maintenance 4006010 · Commissions/Warranty

- $ - $ - $

4006020 · Consumables 15,735.04 $ 15,735.04 $ 62,940.14 $
4006030 · Equipment Rental

- $ - $ - $
4006040 · Freight 36,947.89 $ 36,947.89 $ 147,791.54 $

4006050 · Labor Sales 562,350.34 $ 562,350.34 $ 2,249,401.37 $ 4006060 · Manuals-Revisions-Subscriptions

- $ - $ - $

4006070 · Other Services/Fees 223,148.15 $ 223,148.15 $ 892,592.62 $

4006080 · Parts Sales 1,305,380.34 $ 1,305,380.34 $ 5,221,521.36 $

4006090 · SubContract Sales 363,663.67 $ 363,663.67 $ 1,454,654.66 $
4006095 · Discounts or Adjustments (40,482.10) $ (40,482.10) $ (161,928.41) $

Total 4006000 · Maintenance 2,466,743.32 $ - $ 2,466,743.32 $ 9,866,973.29 $

4007000 · Aircraft Sales and Leasing

4007020 · Aircraft Lease 274,876.86 $ 274,876.86 $ 1,099,507.44 $

4007030 · Broker Commission 65,661.02 $ 65,661.02 $ 262,644.10 $ 4007040 · Consulting 90.00 $ 90.00 $ 360.00 $

4007050 · Sales 18,000.00 $ 18,000.00 $ 72,000.00 $ Total 4007000 · Aircraft Sales and Leasing 358,627.88 $ - $ 358,627.88 $ 1,434,511.54 $

9999999 · Clearing Account

- $ - $ - $ - $

Total Income 7,865,112.29 $ 64,841.40 $ 7,929,953.69 $ 31,721,477.35 $

Page 1 of 3Exhibit CFM - 705

Forecast Income Statement for the Proposed Service: Fourth Quarter of Operations (Feburary 1, 2014 - April 30, 2014)

A BC D
Basic Forecast Proposed Service Combined Forecast Q1 - 4 Cumulative

Cost of Goods Sold 5002000 · Charter Flight Dept. 5002010 · Aircraft Lease- Hourly 1,144,207.11 $ 26,910.00 $ 1,171,117.11 $ 4,685,158.44 $ 5002020 · Aircraft Revenue/Profit Split 4,865.37 $ 4,865.37 $ 19,461.48 $
5002030 · Aircraft Lease Costs-Broker,mtx 185,244.16 $ 11,355.85 $ 196,600.01 $ 786,691.21 $ 5002040 · Catering 16,267.93 $ 16,267.93 $ 65,071.70 $

5002050 · Crew Cost - Other 7,525.41 $ 7,525.41 $ 30,101.64 $

5002060 · Crew Cost - Airline Tickets 2,880.23 $ 2,880.23 $ 11,520.94 $

5002070 · Crew Cost - Car Rental 15,966.74 $ 15,966.74 $ 63,866.95 $

5002080 · Crew Cost - Hotel 72,599.65 $ 72,599.65 $ 290,398.58 $

5002090 · Crew Per Diem 40,526.17 $ 40,526.17 $ 162,104.66 $

5002095 · Fuel Costs 774,422.15 $ 774,422.15 $ 3,097,688.59 $

5002100 · Labor-Pilots 478,429.30 $ 478,429.30 $ 1,913,717.18 $

5002110 · Labor - Fuel At Home 46,864.34 $ 46,864.34 $ 187,457.35 $
5002120 · Landing Fees 91,751.30 $ 91,751.30 $ 367,005.22 $

5002130 · Other Services 19,138.82 $ 19,138.82 $ 76,555.27 $ Total 5002000 · Charter Flight Dept. 2,900,688.66 $ 38,265.85 $ 2,938,954.51 $ 11,756,799.23 $

5003000 · FBO- Fixed Base Operations 5003010 · Catering 76.11 $ 76.11 $ 304.44 $ 5003020 · Flight Store 1,241.80 $ 1,241.80 $ 4,967.21 $
5003030 · Fuel - Adjustments (46,266.19) $ (46,266.19) $ (185,064.77) $
5003040 · Fuel - Avgas 272,235.99 $ 272,235.99 $ 1,088,943.96 $ 5003050 · Fuel - Flowage/Into Fee 29,515.57 $ 29,515.57 $ 118,062.26 $

5003060 · Fuel - Jet A 617,143.96 $ 617,143.96 $ 2,468,575.85 $

5003070 · Labor 159,128.68 $ 159,128.68 $ 636,514.70 $

5003080 · Oil 1,931.96 $ 1,931.96 $ 7,727.86 $ Total 5003000 · FBO- Fixed Base Operations 1,035,007.88 $ - $ 1,035,007.88 $ 4,140,031.51 $

5006000 · Maintenance Dept.
5006010 · Commissions (13,666.22) $ (13,666.22) $ (54,664.90) $

5006020 · Consumables 16,100.34 $ 16,100.34 $ 64,401.36 $
5006040 · Freight 59,165.23 $ 59,165.23 $ 236,660.93 $

5006050 · Labor 526,869.94 $ 526,869.94 $ 2,107,479.74 $

5006070 · Other Services 225,028.82 $ 225,028.82 $ 900,115.30 $

5006080 · Parts 213,893.47 $ 213,893.47 $ 855,573.86 $

5006090 · SubContract 509,541.49 $ 509,541.49 $ 2,038,165.94 $
5006100 · Warranty (3,360.08) $ (3,360.08) $ (13,440.34) $
Total 5006000 · Maintenance Dept. 1,533,572.98 $ - $ 1,533,572.98 $ 6,134,291.90 $

5007000 · Aircraft Sales/Leasing Dept.

5007020 · Aircraft For Sale Insurance 3,613.44 $ 3,613.44 $ 14,453.76 $

5007030 · Aircraft For Sale Interest Cost 7,367.34 $ 7,367.34 $ 29,469.36 $

5007040 · Aircraft For Sale Lease Pmts 110,072.58 $ 110,072.58 $ 440,290.32 $

5007050 · Aircraft Lease Cost 21,881.22 $ 21,881.22 $ 87,524.88 $
5007060 · Aircraft mtx, fuel misc. 33,901.01 $ 33,901.01 $ 135,604.06 $

5007080 · Labor-salesmen 2,392.24 $ 2,392.24 $ 9,568.94 $ Total 5007000 · Aircraft Sales/Leasing Dept. 191,227.83 $ - $ 191,227.83 $ 764,911.32 $

- $

Total COGS 5,660,497.34 $ 38,265.85 $ 5,698,763.20 $ 22,796,033.96 $

- $

Gross Profit 2,204,614.94 $ 26,575.55 $ 2,231,190.49 $ 8,925,443.39 $

Expense 6000000 · Personnel Expenses
6000005 · Administrative/Office 242,335.37 $ 242,335.37 $ 969,341.47 $
6000015 · Drug Test 1,226.85 $ 1,226.85 $ 4,907.40 $
6000020 · Maintenance personnel 451,426.12 $ 451,426.12 $ 1,805,704.46 $

6000025 · Officers 162,733.21 $ 162,733.21 $ 650,932.85 $

6000030 · Charter Personnel 186,601.81 $ 186,601.81 $ 746,407.22 $

6000035 · FBO Personnel 51,647.61 $ 51,647.61 $ 206,590.44 $
6000040 · Training 94,545.44 $ 94,545.44 $ 378,181.78 $

6000045 · Uniforms 7,381.72 $ 7,381.72 $ 29,526.86 $
Total 6000000 · Personnel Expenses 1,197,898.12 $ - $ 1,197,898.12 $ 4,791,592.49 $
6000100 · Advertising & Promotions 10,094.10 $ 10,094.10 $ 40,376.40 $

6000200 · Bad Debts

6000205 · Bad Debt Write off 21,795.96 $ 21,795.96 $ 87,183.84 $

Total 6000200 · Bad Debts 21,795.96 $ - $ 21,795.96 $ 87,183.84 $ 6000300 · Building Repairs/Maintenance 18,796.17 $ 18,796.17 $ 75,184.68 $

6000400 · Contributions/Donations 954.62 $ 954.62 $ 3,818.50 $ 6000500 · Depreciation/Amortization 70,540.47 $ 70,540.47 $ 282,161.88 $

Page 2 of 3Exhibit CFM - 705

Forecast Income Statement for the Proposed Service: Fourth Quarter of Operations (Feburary 1, 2014 - April 30, 2014)

A BC D
Basic Forecast Proposed Service Combined Forecast Q1 - 4 Cumulative 6000600 · Dues and Subscriptions 30,054.79 $ 30,054.79 $ 120,219.14 $
6000700 · Equipment Expense 6000705 · Equipment Lease 37,769.00 $ 37,769.00 $ 151,076.02 $
6000715 · Equipment Repair 16,082.03 $ 16,082.03 $ 64,328.14 $
Total 6000700 · Equipment Expense 54,791.66 $ - $ 54,791.66 $ 219,166.63 $

6000800 · Facilities Rent 215,297.72 $ 215,297.72 $ 861,190.87 $

6000900 · Fees/Penalties/Fines

6000905 · Bank Fees 24,962.91 $ 24,962.91 $ 99,851.64 $

6000910 · Credit Card Fees 25,652.24 $ 25,652.24 $ 102,608.95 $ 6000915 · Finance Charge 22,269.02 $ 22,269.02 $ 89,076.07 $

6000920 · Late Fee 6,462.14 $ 6,462.14 $ 25,848.55 $

6000925 · Fines

- $ - $ - $
6000930 · Tax penalties 251.53 $ 251.53 $ 1,006.10 $

Total 6000900 · Fees/Penalties/Fines 79,597.83 $ - $ 79,597.83 $ 318,391.32 $
6001000 · Insurance Expense 6001005 · Hangar Rash/Insurance Ded. 36,509.33 $ 36,509.33 $ 146,037.34 $
6001010 · Monthly Insurance Expense 108,031.04 $ 108,031.04 $ 432,124.18 $
Total 6001000 · Insurance Expense 144,540.38 $ - $ 144,540.38 $ 578,161.51 $
6001100 · Interest Expense

6001105 · Bank or Loan Interest 42,222.13 $ 42,222.13 $ 168,888.50 $
Total 6001100 · Interest Expense 42,222.13 $ 42,222.13 $ 168,888.50 $

6001200 · License & License Fees 618.00 $ 618.00 $ 2,472.00 $
6001300 · Postage & Delivery 742.82 $ 742.82 $ 2,971.30 $

6001400 · Professional Fees 39,490.91 $ 39,490.91 $ 157,963.66 $ 6001500 · Small Equipment 998.82 $ 998.82 $ 3,995.28 $ 6001600 · Supplies 6001605 · Computer 4,803.28 $ 4,803.28 $ 19,213.10 $

6001610 · Office 2,713.33 $ 2,713.33 $ 10,853.33 $
6001615 · Printing 843.54 $ 843.54 $ 3,374.16 $

6001620 · Other 17,907.23 $ 17,907.23 $ 71,628.94 $ Total 6001600 · Supplies 26,267.38 $ - $ 26,267.38 $ 105,069.53 $

6001700 · Taxes 6001710 · Personal Property 3,516.95 $ 3,516.95 $ 14,067.79 $
6001715 · Personality Tax 9,479.58 $ 9,479.58 $ 37,918.32 $

6001720 · State Taxes 419.65 $ 419.65 $ 1,678.61 $

6001725 · F & E Tax 9,720.00 $ 9,720.00 $ 38,880.00 $

Total 6001700 · Taxes 23,136.18 $ 23,136.18 $ 92,544.72 $
6001800 · Travel Expenses
6001805 · Car Rental / Air travel 13,042.58 $ 13,042.58 $ 52,170.34 $ 6001810 · Hotel/Lodging 6,938.33 $ 6,938.33 $ 27,753.34 $

6001815 · Meals & Entertainment 6,802.43 $ 6,802.43 $ 27,209.71 $
Total 6001800 · Travel Expenses 26,783.35 $ - $ 26,783.35 $ 107,133.38 $

6001900 · Utilities
6001905 · Cable 659.16 $ 659.16 $ 2,636.64 $
6001910 · Electricity 28,039.29 $ 28,039.29 $ 112,157.16 $

6001915 · Gas 9,755.67 $ 9,755.67 $ 39,022.68 $
6001920 · Telephones 39,666.06 $ 39,666.06 $ 158,664.24 $
6001925 · Waste Disposal 2,477.78 $ 2,477.78 $ 9,911.14 $

6001930 · Water 3,867.82 $ 3,867.82 $ 15,471.26 $

Total 6001900 · Utilities 84,465.78 $ - $ 84,465.78 $ 337,863.12 $
6002000 · Vehicle Expense 20,919.07 $ 20,919.07 $ 83,676.29 $
6002005 · Web Development Expense 6,366.00 $ 6,366.00 $ 25,464.00 $

Total Expense 2,116,372.26 $ - $ 2,116,372.26 $ 8,465,489.04 $

Net Ordinary Income 88,242.68 $ 26,575.55 $ 114,818.23 $ 459,954.35 $

Other Income/Expense

Other Income

7000000 · Interest Income 70.19 $ 70.19 $ 280.78 $

7000050 · Miscellaneous Income

- $ - $ - $ 7000200 · Future Investmnt/Developmnt

- $ - $ - $

7000205 · Labor R&D

- $ - $ - $ 7000210 · Other Expenses R&D

- $ - $ - $ Total 7000200 · Future Investmnt/Developmnt

- $ - $ - $

Total Other Income 70.19 $ - $ 70.19 $ 280.78 $

- $

Net Other Income 70.19 $ 70.19 $ 280.78 $

- $

Net Income 88,312.88 $ 26,575.55 $ 114,888.42 $ 460,235.12 $

Page 3 of 3Exhibit CFM - 706

Forecast Balance Sheet for the Proposed Service: April 30, 201 4

30-Apr-14

ASSETS

Current Assets Checking/Savings

1000000 · Bank Accounts

1000210 · Pinnacle 1000204 · Pinnacle Operating-2526 (21,532.60) $
1000205 · Pinnacle -JWN ZBA-2598 23,079.60 $ 1000206 · Pinnacle -MQY ZBA-2566 21,775.44 $ 1000207 · Pinnacle-Special Escrow-2534 572.41 $ 1000208 · Pinnacle- Payroll-4422 27,322.71 $

Total 1000210 · Pinnacle 51,217.56 $ 1000211 · Regions

- $ 1000101 · Regions Operating-7653 19,857.56 $ 1000103 · Regions Special Escrow-0801 (2.65) $
Total 1000211 · Regions 19,854.91 $

1000212 · Other 1000320 · Cap Star - 61720 17.07 $
1000340 · Fifth Third merchant-7360851211 28,011.81 $

100350 · Beacon- 1866678 145.00 $

Total 1000212 · Other 28,173.88 $

Total 1000000 · Bank Accounts 99,246.35 $

1010000 · Cash/ Restricted 1010005 · Petty Cash - MQY 700.00 $ 1010010 · Petty Cash - JWN 200.00 $ 1010015 · Restricted Deposits 263,838.51 $

Total 1010000 · Cash/ Restricted 264,738.51 $ Total Checking/Savings 363,984.86 $

Accounts Receivable
1200000 · Accounts Receivable 2,734,887.80 $

Total Accounts Receivable 2,734,887.80 $

Other Current Assets

1210000 · Other Accounts Receivable 1210050 · Officer Receivable A. Howell 86,016.01 $ 1210075 · Officer Receivable - D Augustin 188,544.91 $ 1210076 · Social Flights Receivable 164,794.85 $ 1210077 · MAS Receivable 225,753.72 $
1210078 · Jet Finance Receivable 107,013.58 $

Total 1210000 · Other Accounts Receivable 772,123.07 $

1220000 · Receivables - Affiliates 1220005 · CFM Airport Development Co, LLC 192,077.31 $ 1220010 · CFM Holdings, Inc. 650,487.61 $ 1220015 · Jetstream Air, LLC 1,318,650.01 $ 1220020 · JetStream Sales, LLC 1,987.10 $ 1220055 · CFM-HL Joint Venture 125,699.72 $

Total 1220000 · Receivables - Affiliates 2,288,901.75 $

1250000 · Notes Receivable 1250020 · Note Receivable-D.Augustin 12,510.35 $

1250030 · Note Receivable-C.Howell - $

Total 1250000 · Notes Receivable 12,510.35 $ 1300000 · Inventory 1300100 · Inventory Fuel and Oil 1300110 · Jet Fuel Inventory-JWN 37,326.12 $ 1300115 · Avgas Inventory-JWN 77,429.95 $ 1300120 · Oil & Supply Inventory-JWN 2,679.00 $ 1300125 · Jet Fuel Inventory-MQY (10,730.40) $ 1300130 · Avgas Inventory-MQY 33,538.51 $ 1300140 · Oil & Supply Inventory-MQY 1,183.75 $ 1300150 · Jet Fuel Inventory-DXR 51,822.89 $ Total 1300100 · Inventory Fuel and Oil 193,249.82 $ 1300200 · Inventory Flight Store 1300205 · Flight Store Inventory-JWN 5,745.99 $ 1300210 · Flight Store Inventory-MQY 2,294.31 $ Total 1300200 · Inventory Flight Store 8,040.30 $ 1300300 · Inventory Mtx Parts 1300305 · Parts Inventory - MQY 1,429,419.79 $ 1300310 · Cores-Engines 60,000.00 $ 1300315 · Cores Inventory-MQY 166,773.92 $ 1300320 · Work in Progress-MQY 739,541.52 $
Total 1300300 · Inventory Mtx Parts 2,395,735.23 $

Page 1 of 5Exhibit CFM - 706

Forecast Balance Sheet for the Proposed Service: April 30, 201 4

30-Apr-14
1300400 · Inventory Planes 1300405 · N10UP 800,000.00 $ 1300410 · N858CY 1,098,920.70 $
Total 1300400 · Inventory Planes 1,898,920.70 $
Total 1300000 · Inventory 4,495,946.05 $ 1350000 · Prepaid Assets 1350100 · Prepaid Insurance Policies - $ 1350200 · Prepaid Inventory/Contractors - $
1350207 · Aviall 52,222.15 $ 1350208 · Honeywell UK 14,090.22 $ 1350209 · Garmin 11,296.37 $
1350211 · API 50,459.24 $

1350215 · BAE 862.07 $ 1350218 · Mc Kinley Air 375.00 $ 1350222 - Southeast Aerospace 1,300.00 $ 1350230 · EJP/Syracuse 29,160.00 $ 1350240 · Graham Aircraft Engine 2,255.87 $

1350242 · Turbine Standard Ltd - $
1350245 · Victor Aviation 17,464.50 $ Total 1350200 · Prepaid Inventory/Contractors 179,485.42 $ 1350300 · Prepaid Taxes 10,600.00 $
Total 1350000 · Prepaid Assets 190,085.42 $ 1500000 · Employee Receivables 1500010 · Misc. Employees 554.42 $ Total 1500000 · Employee Receivables 554.42 $

Total Other Current Assets 7,760,121.06 $

Total Current Assets 10,858,993.72 $

Fixed Assets

1400000 · Fixed Assets 1400101 · Computer Equip & Sftwre-JWN 5,957.00 $ 1400102 · Computer Equip & Sftwre-MQY-FBO 6,161.75 $ 1400103 · Computer Equip & Sftwre-MQY-MTX 100,359.85 $ 1400104 · Computer Equip & Software-ADM 115,678.26 $ 1400105 · Computer Equip & Software-Chrtr 40,349.64 $

1400201 · Furniture & Fixtures - JWN 23,162.24 $

1400202 · Furniture & Fixtures New FBO 62,991.00 $
1400203 · Furniture & Fixtures - MQY 176,362.86 $

1400205 · Furniture & Fixtures - Charter 44,089.41 $ 1400301 · Ground Service Equipment-JWN 13,254.25 $ 1400303 · Ground Service Equipment-MQY 56,890.53 $ 1400304 · Ground Service Equipment-DXR 19,090.00 $ 1400402 · Hangers & Other Bldgs 1,351,269.00 $ 1400501 · Leasehold Improvements-JWN 96,138.91 $ 1400503 · Leasehold Improvements-MQY 264,858.93 $ 1400504 · Leasehold Improvements-DXR 8,942.03 $ 1400601 · Radio & Comm Equipment 4,870.42 $ 1400703 · Shop Equipment-MQY 285,492.32 $ 1400800 · Transportation-Planes 1,710,545.84 $ 1400801 · Transportation Equipment 85,752.17 $

Total 1400000 · Fixed Assets 4,472,216.41 $ 1410000 · Accumulated Depreciation

1410001 · Accum. Amortization-LI (297,364.81) $ 1410002 · Accum. Depn - Hanger & Bldgs (364,868.35) $ 1410003 · Accum. Depn-Furn. & Fixtures (540,286.02) $ 1410004 · Accum. Depn-Shop Equipment (426,485.81) $ 1410005 · Accum. Depn - Planes (660,150.95) $ 1410006 · Accum Depn - Transp Equip. (30,963.27) $ Total 1410000 · Accumulated Depreciation (2,320,119.22) $

Total Fixed Assets 2,152,097.19 $

Other Assets

1600000 · Affiliated Interests
1600003 · CFM-HL Joint Venture-Interest (2,225.00) $

1600025 · JetStream Sales-Interest (123,625.35) $ 1600030 · JWN Wings of Eagles-Interest 14,966.00 $ 1600035 · MQY Wings of Eagles Interest (97,909.00) $ 1600045 · Wings of Eagles Interest 1,793.00 $

Total 1600000 · Affiliated Interests (67,000.35) $

Total Other Assets (67,000.35) $

TOTAL ASSETS 12,944,090.56 $

Page 2 of 5Exhibit CFM - 706

Forecast Balance Sheet for the Proposed Service: April 30, 201 4

30-Apr-14

LIABILITIES & EQUITY

Liabilities
Current Liabilities Accounts Payable 2000000 · Accounts Payable 3,922,298.23 $
Total Accounts Payable 3,922,298.23 $

Credit Cards

2010000 · Credit Card

2019000 · Fifth Third Mastercard 2019005 · Allen - 6843 (566.54) $

2019007 · Davidson - 0966 157.73 $ 2019008 · Richards - 0933 (688.90) $

2019010 · Anderson - 8213 567.53 $ 2019015 · Augustin - 9994/9391 3.35 $ 2019025 · Barnum - 8529 (165.00) $

2019041 · Brusch - 5760 118.98 $
2019045 · Bullard - 1419 2,701.44 $
2019081 · Davis - 2723 2,681.45 $

2019090 · Denson - 5845 106.04 $ 2019096 · Findley - 5546 35.78 $
2019101 · Follis - 4731 1,653.38 $ 2019102 · Cate - 1330 4,559.40 $ 2019105 · Gomela - 6328 1,608.68 $
2019115 · Hart - 5878 1,738.81 $
2019121 · Henderson - 5579 3,006.37 $

2019140 · Hunsicker - 5910 13.50 $ 2019151 · McGill - 5296 2,026.79 $

2019176 · Pearson - 3137 50.00 $

2019180 · Pitman - 1444 469.47 $ 2019185 · Rapier - 9800 1,269.10 $

2019190 · Reams - 6017/9906 88.62 $
2019200 · Rowell - 6310 10,390.62 $ 2019205 · Solomon - 6033 11,603.37 $ 2019207 · Stefano - 0958 1,334.09 $
2019230 · Warnecke - 1443 5,948.09 $
Total 2019000 · Fifth Third Mastercard 50,712.15 $
Total 2010000 · Credit Card 50,712.15 $

Total Credit Cards 50,712.15 $

Other Current Liabilities

2040000 · Bank Lines of Credit

- $

2040001 · Bank Line of Credit - $

Total 2040000 · Bank Lines of Credit - $ 2070000 · Notes Payable - Owners 2070002 · Notes Payable - A.Howell 17,000.00 $ 2070003 · Notes Payable - D.Cate 2,500.00 $ Total 2070000 · Notes Payable - Owners 19,500.00 $ 2100000 · Accrued Expenses 2100002 · Workers Comp 3,921.08 $ 2100003 · BCBS (76,826.37) $ 2100004 · Dental (9,873.39) $ 2100005 · Vision (1,444.64) $ 2100006 · FSA 4,878.84 $ 2100007 · Life, LTD and STD 3,945.30 $ 2100010 · Fed. W/H (585.70) $ 2100011 · Social Sec/Medicare (137.10) $
2100012 · FUTA 3,115.35 $ 2100013 · SUTA 17,466.37 $ 2100014 · State Withholding (848.34) $
2100015 · Business Tax 5,708.57 $ 2100016 · Property Tax (8,988.49) $ 2100017 · Sales Tax Payable 24,919.00 $
2100018 · FET 76,184.79 $ 2100019 · Franchise Excise (F&E) 22,846.28 $ 2100020 · KY landing tax 52,533.38 $ 2100022 HAS Contributions (1,188.73) $
Total 2100000 · Accrued Expenses 115,626.20 $

Page 3 of 5Exhibit CFM - 706

Forecast Balance Sheet for the Proposed Service: April 30, 201 4

30-Apr-14
2250000 · Prepaid Accts Receivable 2250002 · Air Century 4,200.00 $

2250012 · Howard Graves 365.00 $
2250017 · Klaritch, Thomas 365.00 $ 2250020 · Momentum Group 1,200.00 $ 2250029 · Southwest Florida Land Develop 536.34 $ 2250030 · Sutherland, Brian 365.00 $ 2250031 · Syracuse University - $ 2250036 · Gary Cosay VIP 27,884.66 $
2250037 · Richard Handler VIP 28,129.29 $ 2250038 · MC Aviation 2,000.00 $

2250039 · TCJS 45.00 $ 2250041 · Driscoll Childrens Hospital 49,500.00 $ 2250044 - Britt Sexton VIP 68,652.02 $
2250045 · Vee Neal 56,400.00 $ 2250046 · Lampo Group VIP 38,139.21 $ 2250049 · Dotty Adams VIP 91,605.16 $ 2250051 · New Flight Evolution 25,000.00 $ 2250052 · Holborn Corp VIP 25,337.53 $ 2250054 · Dollar General VIP 103,050.39 $ 2250055 - Pink Dog VIP 23,427.45 $
2250058 · McNamara, Kevin VIP 35,878.57 $ 2250061 · Pitch Link, LLC N900GA 35,000.00 $ 2250065 · Aero Cab 1,500.00 $ 2250067 · Jack Attaway 5,463.15 $
2250070 · E-Plus VIP 46,692.37 $ 2250073 · Missionary Flights and Services 10,850.53 $ 2250075 · Yokley, Steven 6,000.00 $ 2250076 · Cando Air, LLC 15,556.86 $ 2250077 · Public Charters, Inc 17,746.62 $ 2250080 · UP Development N100TW 97,261.00 $ 2250081 · American Addiction Centers 172,148.85 $
Total 2250000 · Prepaid Accts Receivable 990,300.00 $ 2300000 · Refundable Insurance Deposits 2300001 · 739 Flight Mgmt (569ST) 8,141.75 $ 2300004 · Blue Canyon (32PE) 4,970.00 $ 2300006 · CKU (701DA) 4,979.50 $ 2300007 · CKU (874CP) 7,381.00 $ 2300008 · Diamond Charter Holding, LLC 3,695.00 $
2300011 · Executive Jet Partners 784JP 4,578.75 $ 2300012 · Hvizdak (487UE) 3,605.11 $ 2300013 · Jacobson, Harry 4,966.00 $ 2300015 · JetStream Sales 1,763.75 $ 2300018 · MRCLG, LLC - N23VP 4,060.00 $ 2300020 · N365ea, LLC 4,603.25 $ 2300021 · N560HG, LLC 5,191.50 $ 2300023 · Signature Aviation, LLC - N525A 4,600.00 $
2300027 · Ten Thousand Air, 644rm 4,890.75 $ 2300028 · Big Sky, 703rb 5,890.50 $
2300029 · B100,847d 3,695.25 $
2300030 · HL Aviation, 481ns 3,551.75 $ 2300031 · UP Development-N100TW 3,812.00 $
Total 2300000 · Refundable Insurance Deposits 84,375.86 $ 24000 · Payroll Liabilities

- $

Total Other Current Liabilities 1,209,802.06 $

Total Current Liabilities 5,182,812.44 $

Page 4 of 5Exhibit CFM - 706

Forecast Balance Sheet for the Proposed Service: April 30, 201 4

30-Apr-14
Long Term Liabilities 2060000 · Long Term Liabilities 2060001 · BanCorp South 809,216.10 $ 2060003 · Chapell Smith-operating 241,425.02 $ 2060004 · Chappell, Tom (564) 97,735.78 $
2060006 · First Tn - 564hk - 50053046 1,314,964.61 $

2060007 · Hvizdak Loan 13,311.88 $ 2060008 · J.Floyd Loan 361,937.34 $ 2060009 · Jetstream Sales 48,500.00 $ 2060010 · Pinnacle Bank 91000 (865-858) 480,452.42 $ 2060012 · Ricardo Tostado (913) 393,928.08 $
2060013 · Quantum Control 3,943.67 $ 2060014 · Executive Group Holdings, LLC 100,000.00 $

2060015 · John R. Patrick 50,000.00 $ 2060016 · M. Pacenka, JTWS

- $ 2060017 · Ally Financial (2012 van) 19,527.92 $ 2060019 · Dell Financial Services 11,457.54 $ 2060020 · Ally Financial (2011 van) 19,344.65 $ Total 2060000 · Long Term Liabilities 3,965,745.01 $ Total Long Term Liabilities 3,965,745.01 $

Total Liabilities 9,148,557.45 $ Equity 3000000 · Equity 3000002 · Capital Stock 10,000.00 $ 3000005 · Paid in Capital 81,885.00 $ 3000015 · Treasury Stock (67,846.26) $
Total 3000000 · Equity 24,038.74 $ 3000090 · Retained Earnings 3,503,421.38 $

Net Income 268,072.99 $ Total Equity 3,795,533.11 $

TOTAL LIABILITIES & EQUITY 12,944,090.56 $

Page 5 of 5

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201 Hangar Roat'J
Avoca.PA 18641

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276 Doug Warpole Road Smyrna. TN 37167

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### Hartford Fire Insurance

First Niagara Bank, N.A.

N/A

N/A

Michael A. Gallagher CFO

/-cHARTER OPERATOR

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### A. Gpllagher

Chief Financial Officer

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Avoca. PA 18641

12/5/20'12 

### Allen Howell

Chief Executive Officer

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### 276 Doug Warpole Road

Smyrna, TN 37167

12/5/2012

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DAY DATE FLIGHT+! CITY PAIH AIRG\AFT #SEATS

SUND.AV G/2/2013 801 fv1 BL-M OW BAE3200 19

803 l'v1DW-f\IIBL BAE3::>00 19
MOND/\Y 6/3/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 6/6/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19**Ff~IDAY** 6/7/2013 802 MBL-MDVV 81\[3200 19

803 MDW-MBL BAE3200 19

SUNDAY G/9/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 6/10/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 6/13/2013 802 MBL-MDW 8AE3200 19

803 MDW-MBL BAE3200 19

Ff\IDAY 6/14/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 6/16/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAF3200 19

MONDAY 6/17/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY G/20/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL 8AE3200 19

FRIDAY 6/21/2013 802 MBL-fVlDW BAE3200 19

803 MDW-MBL BAE3200 19 SUfi,; DAY 6/23/2013 801 MBL-MDW 8AE3200 19

803 MDW-MBL BAE3200 19

MONDAY 6/24/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 6/27/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 6/28/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUND!1Y 6/30/2013 801 MBL-MDW 8AE3200 19

803 MDW-MBL BAE3200 19

fv10ND!\Y l/1/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 7/4/2013 802 MBL-MDW BAE320Cl 19

803 MDW-MBL BAE3200 19

r:RIDAY 7/5/2013 802 MBL-MDW G/\[3200 19

803 MDW-MBL 8/\E3200 19

SUNDAY 7/7/2013 801 MGL-MDW GAE3200 19

803 MDW-MBL BAE3200 19

MOND/I.Y 7/8/2013 802 rv1BL-MDW 8/\E3200 19

803 MD'vV-MBL BAE3200 19

THUf\SD/\Y 7/11/2013 802 MBL-MDW BAF3200 19

803 MDW MBL BAE3200 19FRIDAY 7/12/2013 802 MBL-MDW BAC3200 :9

803 MDVI/-MBL BAE3200 19
SUNDAY 7/14/2013 80J MRL-MDW BAE3200 19

803 MDW-MBL B/\[3200 19

MONDAY 7/15/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 7/18/2013 802 MBL-MOW BAE3200 19

803 MDW-MBL B/\E3200 19

FRIDAY 7/19/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 7/2.1/2013 801 fVH3L-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 7/22/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19**THUI~SDAY** 7/25/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL B/\E3200 19

FRIDAY 7/26/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUND.D.Y 7/28/2013 801 fv1BL-IVIDVII BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 7/29/2013 802 MBL-MDW BAE3200 19

803 MDW-MGL 8AE3200 19

THURSDAY 8/1/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 8/2/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 8/4/2013 801 MGL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 8/5/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 8/8/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 8/9/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 8/11/2013 801 MBL-I\!1DW BAE3200 19

803 MDW-MBL BAE3200 19

lv'!ONDAY 8/12/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 8/15/2013 802 MBL-MDW BAE3200 19

803 MDW-I\!1BL BAE3200 19

FRIDAY 8/16/2013 802 rv1BL-MDW BAE3200 19

803 MDW-MBl 8/\F3200 19

SUNDAY 8/18/2013 801 MBL-MDW RAE3200 19

803 MDW-MBL BAE3200 19

MOND/AY 8/19/2013 802 MGL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 8/2?/2013 802 MBL-MDW BAE3200 19803 MDW-MBL BAE3200 19
if\ I DAY 8/23/2013 802 Mfll-MDVI BAE3200 19

803 MDIN-MBL BAE3200 19
SUNDAY 8/25/2013 801 MBL-MDW 8/\[3200 19

803 MDW-MBL 8/\[3200 19
MONDAY 8/26/2013 802 MBL-MDW BAF3:700 19

803 MDW-MBL BAE3200 19
THURSDAY 8/29/2013 802 MBL-MDW BAE3200 19

803 fv1Dv\'-MBL 8/\[3200 19

f'RIDAY 8/30/2013 802 MBL-MDW 8Al3200 19

803 MDW-MBL BAE3200 19
SUND!,Y 9/1/2013 801 f\·1BL-MDW BAE3200 19

803 MDW-MBL BAE3200 10 ·' MONDAY 9/2/2013 80? MBL-I'v1DW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 9/5/2.013 802 MBL-MDV'/ BAU200 19

803 MDW-MBL BAE3200 19

FRIO/\Y lJ/b/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 9/8/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 9/9/2013 802 MBL-MDW BAE3200 19

803 MDW-f'v1BL BAE3200 19

THURSD/1Y 9/12/2013 802 MBL-MDW BJ\E3200 19

803 MDW-MBL BAE3200 19**FI~IDAY** 9/13/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 9/15/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 9/16/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 9/19/2013 802 MBL-MDW B/\[3200 19

803 MDW-MBL BAE3200 19**Ff~IDAY** 9/20/2013 802 M8L-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 9/22/2013 801 MBL-MDVV BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 9/23/2013 802 MBL-MDW HAF3200 19

803 MDW-MBL BAE3200 19

THURSDAY 9/26/2013 802 MBL-MDW BJ\E3200 19

803**~,;10\!V-MBL** BAE3200 19

FHIDAY 9/27/2013 802 MBL-MDW !3A[3200 19

803 MDVV-MBL BAE3200 19

SUNDAY 9/29/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 9/30/2013 802 MI3L-MDW BAE3200 19

803 MDW-MBL BAE3200 19



### -------· ·------THURSDAY 10/3/2013 802 MBL-MDV/ BAE3200 19

803 MDW-MBL BAE3200 ]9

FRIDAY JO/Cl/2013 802 ML\L-MD'v\i BAE3200 19

803 MDW-MBL 8/\[?,200 19
SUNDAY 10/6/2013 801 MBL-MDW B!IE3200 19

803 MDW-MBL 8AE3200 19
MONDAY 10/7/2013 802 MBL-MDW BAE3200 19

803 MDVII-MBL BAE3200 19
THURSDAY 10/10/2013 802 MBL-MDW BI\E3200 19

803 MDVv'-MBL BAE3200 19

FRIDAY 10/11/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 10/13/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 10/14/2.013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 2.0/17/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 10/18/2013 802 MBL-MDW 8/\[3200 19

803 MDW-rv1BL BAE3200 19

SUNDAY 10/2.0/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 10/21/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19
THURSDAY 10/24/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRiDAY lD/25/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL ElAE3200 1.9

SUNDAY 10/27/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 10/28/2013 802 MBL-lV!DW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 10/31/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 11/1/2013 802 MBL-MDW BAE3ZOO 19

803 MDW-MBL BAE3200 19

SUNDAY 11/3/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 11/4/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 11/7/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 11/8/2013 802 MRL-MDV\/ BAE3200 19

803 MDW-MBL BAE3200 19
SUNDf,Y 11/10/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 11/11/2013 802 MBL-MDW BAE3200 19803 MD\rV-fv1BL i3AE3200 19

THURSDAY 11/14/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19\h. LnLIIHLt ·\rc·hc·l
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Wilkes Barre/Scranton lnt'l Airport
201 Hangar**Ro<~d,** Avoca PA 18641
Phone 570-457-1950 Fax: 570·457-4113Langhorst, Alie (OST)

From:
Sent:

To:

Cc: Subject:

Attachments: Doug Fleagle <dfleagle@shelbytrust.com> Thursday, December 06, 2012 8:29AM Flemmings, Reather (OST); Archer, Torlanda (OST); Langhorst, Alie (OST)

Mike Gallagher

PC-12-196 Amendment #1

20121206 Public Charters- CFM PC-12-196 Amendment #l.pdf

Good morning Ladies. I hope you are all well. Attached is an application to amend PC-12-196 between Public Charters,
Inc. and Corporate Flight Management. They wish to add 95 round trip flights between June 1, 2013 and November 14,
2013. Please let me know if you need any additional information. I will hold the originals until we receive a soft approval.
Thanks and have a wonderful day. Doug

Douglas R. Fleagle

5 Great Valley Parkway. Suite ll 0

Malvern. Pennsylvania 19355

WW\\ .she I b\tl nanc ialcorp.cum

'2i!l:' l'hunc· 1 Direct i ·**~** l'ht,ne (I ull i·'ree**';,~** i**~1\** ;, Emai I:**dou~.** tleagle'(t she! b\ financialcorp.corn

1I V'vt.

121512012

Ms. Torlanda Arl'IK·r lkpartmcnt of Transportal ion Special Authorities Division, X-4()
1200 New Jersey Ave. S.E

.. Rm: WX6-445 \Vashington. DC 20590

Dear Torlanda.

Enclosed please lind our proposed extended schedule for PC .12.196 with Corporate Fl ighl Management. operating June l. 20I.l through November 14. 2013 per attached schedule. There

arc a total of 190 one way segments and t)) round trip.'< As required by section 29X

.. 1X f\x
carriers with on tkmand 29X operating authority. the "charter operator or bank. as applicable.
shall rctam control of and responsibility for all participant funds intended for payment for air transportation until alter the charter has been completed".

Included is OST form 45.12.

Thank you and if you have any questions or concerns. please do 11<)! hesitate to contact me al (570) 457-4149.

SincerelY. 

## l1

.

A i I**~** I

' I ·rvlidmcl Gallagher
Chief Financial Officer

Pub I ic Charters, Inc
20 I llangar Road

A vue a, P !\ I X64l (570) 457 -414 1 ) (570)**457-4113-I~IX** mg(aipubl icchartcrs.com

Wilkes Barre/Scranton fnt'l Airport
201 Hangar Road, Avoca PA 18641 Phone: 570-457-1950 Fax: 570-457-4113PAPERWORK REDUCTION Act Statement
A fedenll agency may not conduct or sponsor. antJ a person IS no! comply with a collectiOn of 1nlonnat1on subject to the reqwrements ot l 0 apcrwork f\educllOn Act
collechon IS 2106-0005 Pubhc repmling lor lilts collcctron of rnfmmalion rs eslrrllrllcd to he nmutl:'"""''''v

lime for revieWing instJUCtlons. zrmj !h(! collecl!on of 111forrnatton All**rospon3£~s ~o**  Send comments**rt~gard1119** this of thts colleclll.m of rnformalion.
to lnf01matwn Colle·ction Clearance Otficer US lransporiatron, OflKe of lnlcrnahonal Suite W-86-445, Washington. DC 20590 response, rniorma!ron >u\;!QE'E•tl•Cms for retluCif19 lhrs burden
1200 NQw Jersey ;\venue SF:.

For DOT Use Only -PC No.

______ Waiver No.

____ _

STATEMENT OF CHARTER OPERATOR AND DIRECT AIR CARRIER FLIGHT SCHEDULE NUMBER

__ ,\_"-"-·"''

__ od

_________________ _

la Name (and DBA if applicable) anrJ Mailing Address of Charter Operator
Public Charters, Inc.
201 Hangar Road
Avoca. PA 18641

1b Telephone Number ( )**570~:?!~'!_~--------------** Fax Number ) 570-457-4113

2a Name (and DBA. rf applicable) anrJ Marling Address of D11ect llrr Carner Corporate Flight Management, Inc.
276 Doug Warpole Road Smyrna, TN 37167

2b Telephone Number ( ) 615-220-1761

Fax Number 1 615-220-1769

3 Proposed date and routmg of each nrght (use acldrlional pages. rlnecessary)

95 Round Trip Flights MBL-MDW-MBL Sundays, Mondays, Thursdays. Fridays June 1, 2013 through November 14. 2013

4 Type of aircraft and number of seats er1(1aged

BAE3200 Jetstream with 19 seats

5 Charter pnce of ench flight •

6 Tour r1rnerary (if any) tncludrng hotels (names anflten9th of stay a! eilch) and other accornmodH!rons anfl services
N/A

*If confidentiality is desired, please state charter price in separate correspondencewe. 

### Public Charters, Inc.

and

### .<??!P~?r~!~~~~~~tf1:1~~ager:"13nt (CFM) ·············-················---···-·-··-··-·········-···················

019t11**schedult~** r1escribe<J rltlove The contract complies**v~H1** all applicable DOT regulatrons

7 A copy of !he fl1ghl schedule has been sent 10 /complek! appllc<<ble blanks anti wnte 'N A · 111lhnse not appllcahlel



## Hartford Fire Insurance

First Niagara Bank, N.A.

N/A Paid after flight completion

N/A Paid after flight completion

8 Applicant 1s aU S Pu!Jhc Charter Operator dofined 111 Sochon 380 of the DepartmePI's regulations



## Michael A. Gallagher CFO

Chief Financial Officer



## 201 Hangar Road

Avoca, PA 18641

12/5/2012 13Y


## Allen Howell

Chief Executive Officer



## 276 Doug Warpole Road

Smyrna, TN 37167

12/5/2012

### DAY DATE FLIGHT# CITY PAIR AIRCRAFT #SEATS

SUNDAY 6/2/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 6/3/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 6/6/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 6/7/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 6/9/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 6/10/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 6/13/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 6/14/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 6/16/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 6/17/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 6/20/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 6/21/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 6/23/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 6/24/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 6/27/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 6/28/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 6/30/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 7/1/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 7/4/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 7/5/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 7/7/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 7/8/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 7/11/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19FRIDAY 7/12/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 7/14/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 7/15/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 7/18/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 7/19/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 7/21/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 7/22/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 7/25/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 7/26/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 7/28/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 7/29/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 8/1/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 8/2/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 8/4/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 8/5/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 8/8/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 8/9/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 8/11/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 8/12/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 8/15/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 8/16/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 8/18/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 8/19/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 8/22/2013 802 MBL-MDW BAE3200 19803 MDW-MBL BAE3200 19

FRIDAY 8/23/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 8/25/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 8/26/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 8/29/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 8/30/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 9/1/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 9/2/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 9/5/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 9/6/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 9/8/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 9/9/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 9/12/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 9/13/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 9/15/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 9/16/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 9/19/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 9/20/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 9/22/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 9/23/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 9/26/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 9/27/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 9/29/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 9/30/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19THURSDAY 10/3/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 10/4/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 10/6/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 10/7/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 10/10/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 10/11/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 10/13/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 10/14/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 10/17/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 10/18/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 10/20/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 10/21/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 10/24/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 10/25/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 10/27/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 10/28/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 10/31/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 11/1/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 11/3/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 11/4/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

THURSDAY 11/7/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

FRIDAY 11/8/2013 802 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

SUNDAY 11/10/2013 801 MBL-MDW BAE3200 19

803 MDW-MBL BAE3200 19

MONDAY 11/11/2013 802 MBL-MDW BAE3200 19THURSDAY 11/14/2013 803 MDW-MBL BAE3200 19

802 MBL-MDW BAE3200

803 MDW-MBL BAE3200 19

19

# ..



# - Approved by OMB OMB No

. 2120-0633 Expires : 2128109

AGENCY DISPAY OF ESTIMA T ED BURDEN

The public reporting burden for the coledion of information is estimated to average 30 milutes per response

. If you wish
to comment on the aca.ncy of the estimate or make suggestions for reducing the burden

, pleue direct yo41 comments to the**~** Oeoartment gf !IJinsoortation, Ofloe Q{ Aviation**~lXIII. ~-~** **~** ]!J**Street~~** Wa&t*laton !;2,!:1, 20590

PAPER WORK REDUCT10N AC T OF 1 tH Under the Papenloo'Ortt Reduction Act of 1995, no persons are required to respond to a collection of Information oo1ess 11 displays a valid OMB control number

. The OM B control number is displayed In the upper right-hand comer of this form.


# 0 FOR USE BY DOT ONLY AIR TAXI OPERA TOR REGISTRATION

u

.a. o .,a"Ln I tA AND AMENDMENTS UNDER 

# n..,.... .• PART 298 OF THE REGULATIONS OF

OllcefA

.. ......., THE DEPARTMENT OF TRANSPORTATION


# - fA 'II'I Rip IIIIOft



## -

# ~w**~** WheN to file : Submit this form, In duplk:M8

, along with a Certificate of I nsurance (OST Form 6410) 

# !!!"t

-

... 0 

# -- c;l _/'VA

### '~ evidencing requited lability Insurance coverage for the airaaft l isted in Block 6 of this registration, to the

# ~'**/ ~**  Federal Aviation Administration (FAA). Air Transportation Division

, AF5-200

, Room 831

, 800 lndepeudeuoe Avenue, S

. W., washington

, D .C. 20591

. E.x ctpUon : For a i r taxis located In**the~** 

# · '-**~.** Nmt lhla fonn end the OST Form 6410 to the Federal Aviation Ad"*"ttratlon (FAA)

, Alukan Region HeadquarteB

, AAL-230

, 222**West~** Avenue

, Box 14

, Anchorage

, Alaska 99513

.**~** F

.. : The fee for the iJ11111 registration of an air taxi Is $8

_ There Is no filing fee for amendments to NgiltlaiiOIII**plf~Vtootky** fled

. £--.- <loilifl'*...._,.,,.l!l!,,. i!llt 

## DEC 1 4 

## 2012

1 a. N ame (Md DBA, I IJPI)Iicable) and Malllg Address of the Registefing ClWI'ier: 3e. Fedlrll**A~** /14i.MMIDI c:.lllaiiU!Cir
FJT A 9200

3D Mdr.a of lcQI F AA oilier Corporate Flight Management, Inc

. 276 Doug Warpoole Road Fligh t Standa rds D istrict Office Smyrna

, TN 37167 tl2 1 ntemational P laza

, S u ite 700

615-220-1761 615-220-1769 Nashville

, T ennessee 37217
1b

. Telephone No. Fax No_

2a

. Address of principal place of business (if different from above) :

3e. FAA Telephone No .: 6 1 5-324- 1 300

3cl. FM**~** ()per.elcn 1ni111e*r.

2b. Tejeplone N o.

- Fax No. Thomas A

. luipersbec:k

4

. This ling II the carrie(s :

0 Initia l Registration • Amendment to retied changes since previous filing (Complete item 9)

If Initial reglltratlon

, give proposed date of commencement of operations :
5

. Check type or types of l8fVIce the carrier Intends to perlorm upon commenoement of operations

, or, for amendments

, I8I'Vioe the carrier II anw111y

performrog :

0 Scheduled pauengel* • On-demand passenger

# ~~a**~:~- ~**  0 Scheduled cargo • OrKtemand cargo
0 Mel under a U

. S

. Postal SeMoe contract 0 Other (P#Nse specify)-

• C heck only If MrYice Ia limited to

._. thM five (5 ) round tripe per week on .t

.... tone route between

## two**~ ~**  ..,d Ia 

## 1



# _ _ ..... ... ... ... ......... ... ...... 

# _ ... 

# __ .. ... 

# _ ...**_~ .....**  

# ...... 

# ... perfonned

. Companies proposing or operating scheduled passenger 18fVices of five (5) or more round trtpa per rcUt
between two or more polnta pursuant to published flight IChediAel which specify the times

, days of the week

. and IUCh



# - ... --may

...**"""""""""'-~** 

# ...... ·-- · ·-·"""'-

..... ,..**~** 

# .. provide IUCh aervioel as a oonvnuter air carrier. See 1 4 CFR 298

. Subpart E.

- For example, If the carrier performs other services s u ch as fire fig h ting operations for the U.S

. Forest SeMoe, It should

# ~ /

OST Form 4507 ( R ev

. 2-06)**~**

# ~

..... 0**~ ~** 

# ~6. Aircraft which the carrier proposes to operate in air taxi service or, for amendments,
aircraft currently operated:

Aircraft Make and Model FAA Registration Number

1. See attached list

2.

______________________ __

3.

______________________ __

4.

______________________ __

5.

______________________ __

(Add additional sheets if necessary)

• This does not include seats occupied by the pilot or co-pilot unless the latter is available for

passenger use. Passenger Seats
Installed* 7.ls the registering carrier a U.S. citizen?

.YES 0NO

Note: An air taxi or commuter registered under Part 298 must be

a citizen of the United States. 49 USC 40102(a)(15) defines a U.S. citizen as (a) an individual who is a U.S. citizen: (b) a partnership of which each member is a U.S. citizen; or (c) a corporation or association organized under the laws of the United States or a state. the District of Columbia, or a territory or possession ol the Unite<! States. o1 which \he presi<!en\ an<! a\
least two-thirds of the board of directors and other managing officers are citizens of the United States, which is under the
actual control of citizens of \he United States. and in which at least 75 percent of the voting interest is owned or controlled by
persons that are citizens of the United States

8. If this is an amendment, has the carrier carried
passengers in foreign air transportation, that is,
between any point in the United States and any point outside thereof, during the past 12 months: .YES 0NO

I 9. REPORT CHANGES OR AMENDMENTS TO !NFORMATION PREVIOULSLY FIL!::D WITHIN 30 DAYS OF THE EFFECTIVE DATE:

a. Change in Carrier's Name and/or Address (Please specify):

Former Name and Address: Current Name and Address:

b. Description of Any Other Changes or Amendments (Including additions or deletions of aircraft, change in type of operations, registration numbers, etc.):

Aircraft N24EM deleted

1 0. Certification

I certify that the information contained in this application is complete and accurate to the best of my knowledge. The carrier subscribes to the lATA lntercarrier Agreement; the lATA Agreement on Measures to Implement the lATA lntercarrier Agreement, and the ATA Agreement on Provisions Implementing the lATA lntercarrier Agreement to be Included in Conditions of Carriage and Tariffs (see OST Form 4523-A), and in accordance with those Agreements
agrees under Article 22(1) of the Warsaw Convention or the Warsaw Convention as amended by the Hague Protocol that the liability limits for passenger injury or death in international transportation as defined in the Convention are waived in their entirety.

Date:

______ O_ct_o_be_r_2_2_.:.,_2_0_1_2

_______ _

Smyrna, Tennessee

Place: -----------------=-:-:----:--=:--:-:---------------- (City and State) Name:

_______ J_a-:m=e,_s_A_.-,-H_o-,w_e_l_l

______ _ (Please type)

Title:

_______ C_h_ie_f_E_x_e_c_u_tiv_e_O_ff_ice_r

_____ __

Note: This registration must be signed by a responsible officer, such as the President, Vice President, Secretary or Treasurer. or partner or owner of the carrier.

TO ENSURE PROPER PROCESSING OF THIS REGISTRATION, PLEASE COMPLETE THIS FORM IN ITS ENTIRETY.Additional Sheet for OST Form 4507


# I Aircraft Ma k e 

### & Model 

# I FAA Reg i stration Number 

# I Passenger Sea ts Installed

1

. Br i t ish Aerospace BA3101 N643JX 10
2

. Brit i sh Aerospace BA3201 N569ST 8
3

. British Aerospace BA 3201 N874CP

- 12
4

. British Aerospace BA3201 N913AE 19
5

. Brit ish Aerospace BA41 01 N564HK 30
6

. British Aerospace BA41 01 N3 20UE 29

7

. Beech B100 N1001W 8
8

. Beech B100 N6045S 8
9

. Beech B100 N8470 8
10

. Learjet 35A N 32PE 8
11

. Learjet 35A N 70 1D A 8
12

. Citation 525 N 525AL 6
13

. Citation 560 N365EA 8
14

. Citation 560 N 560HG 8
15

. Citat i on 650 N 703RB 8
16

. Citation 680 N 680VR 9


### 17

. EMB -5 00 N644RM 5
18

. EMB-500 N 78 4JP 5
19

. EMB

- 500 N 615SM 5
20

. Falcon DA

- 10 N23VP 8
21

. Hawker 700A N4 06J 8
22

. lA -JET 1124 N481NS 8**~. ~r'** 

# ~innacle" NATIONAL BANK Primary Account Number: Statement Period: 12-31-2011 to 01-31-2012

150 3rd Avenue South. 900 • Nashville, TN 37201 Page 1



### Bank Statement 

### of 

### 01-31-2012

EXCLUDE-FlatSingle
3.6022 EX 0.000 37 11 282**r.nl·rlnr·~tA** Flight

M""nh."Qm.Qnt Inc**nn,"r~1rinn** Account Warpoole Rd TN 37167-5677

Deposits and**InV'~!:l:tlmAnt!:l:** Account # Balance

Account $4,641.23



### Vista Business Electronic Statements: Increased Convenience and Security 1:-:::itatI9mEmts give you the convenience of accessing your statements at time with the added security of password protection. You won't have about the security of your mail or delivery mistakes. ning up is easy when you login to online banking at www.pnfp.com and

"User Services."

Ba,anc:e on 12-30-2011 Total Number of Checks: 260

$90,119.70

$3,536,562.56
$3,622,041.03

Ending**Balan~:e** on 01-31-2012

Average R",I",nr'" This Statement

Deposits Description

DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT $61,294.34

1-03-2012 01-05-2012 01-05-2012 01-06-2012 01-09-2012 01-11-2012 01-11-2012 01-11-2012 01-11-2012 $4,641.23

Amount

$111,722.75

$33,000.00 $53,917.46 $60,338.10 $91,045.83 $816.41 $9,008.11 $21,000.00 $34,000.00

) 755-5428 • Client Service Center (800) 264-3613 • www.pnfp.com**.""-~** , , I MEMBER I 

# FDIC· 

# Pinnacle

w

NATIONAL BANK Primary Account Number:

_ Statement Period: 12-31-2011 to 01-31-2012

150 3rd Avenue South. 900 • Nashville, TN 37201 Page 1

3.6022 EX 0.000 3711282 

# -_.**Cnlrr1nlr~tA** Flight

l\A

.. nar'Am'Ant Inc OPl9taitina Account Warpoole Rd TN 37167-5677

Deposits and**InvA~tmAnt~** Account # Balance



# - $4,641.23



### Vista Business Electronic Statements: Increased Convenience and Security**E-::itatl~melnts** give you the convenience of accessing your statements at time with the added security of password protection. You won't have about the security of your mail or delivery mistakes.
up is easy when you login to online banking at www.pnfp.com and Services."

Beginning**Balan~:A** on 12-30·2011 Total Number of Checks: 260

$90,119.70

$3,536,562.56 $3,622,041.03

Ending Balanl!A on 01-31·2012

Average**H~I~nr:A** This Statement

Deposits Description

DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT $61,294.34

-03-2012 01-05-2012 01-05-2012 01-06-2012 01-09-2012 01-11-2012 01-11-2012 01-11-2012 01-11-2012 $4,641.23

Amount

$111,722.75

$33,000.00 $53,917.46 $60,338.10 $91,045.83 $816.41 $9,008.11 $21,000.00 $34,000.00

755-5428 • Client Service Center (800) 264-3613 • www.pnfp.com MEMBER 

## FDIC I

# ?innacle

NATIONAL BANK

Bank Statement as of 02-29-2012

********************** EX CL U D E -FlatSi ng Ie
108043.9934 EX 0.000 37 11 276

Corporate Flight Management Inc Operating Account
276 Doug Warpoole Rd Smyrna TN 37167-5677

Deposits and Investments

Account # Description

Vista Business Account Primary Account Number: Statement Period: 02-01-2012 to 02-29-2012

Page 1

Balance

$86,108.94

Electronic Statements: Increased Convenience and Security E-Statements give you the convenience of accessing your statements at
any time with the added security of password protection. You won't have

to worry about the security of your mail or delivery mistakes. Signing up is easy when you login to online banking at www.pnfp.com and

go to "User Services."

Vista Business No.

Beginning Balance on 01-31-2012

Deposits/Credits

CheckslWithdrawals

Ending Balance on 02-29-2012

Average Balance This Statement

DepOSits Description

DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT
DEPOSIT $86,523.42 Total Number of Checks: 292

$4,641.23

$3,647,825.48
$3,566,357.77

Post Date

02-01-2012
02-02-2012
02-03-2012
02-06-2012
02-07-2012
02-07-2012
02-08-2012
02-09-2012
02-09-2012 $86,108.94

Amount

$54,953.91 $279,568.75 $103,504.31

$71,304.92

$7,418.87 $100,000.00

$22,915.69

$3,969.53 $33,000.00 

# ?innacle

NATIONAL BANK



### Bank Statement as of 02-29-2012

********************** EX CL U D E -FlatSi ng Ie
108043.9934 EX 0.000 37 11 276

Corporate Flight Management Inc Operating Account
276 Doug Warpoole Rd Smyrna TN 37167-5677

Deposits and Investments

Account # Description



# - Vista Business Account Primary Account Number:

_ Statement Period: 02-01-2012 to 02-29-2012

Page 1

Balance

$86,108.94

Electronic Statements: Increased Convenience and Security
E-Statements give you the convenience of accessing your statements at
any time with the added security of password protection. You won't have

to worry about the security of your mail or delivery mistakes. Signing up is easy when you login to online banking at www.pnfp.com and

go to "User Services."



### Vista Business No._

Beginning Balance on 01-31-2012

Deposits/Credits

CheckslWithdrawals

Ending Balance on 02-29-2012

Average Balance This Statement

DepOSits Description

DEPOSIT
DEPOSIT
DEPOSIT
DEPOSIT
DEPOSIT
DEPOSIT
DEPOSIT DEPOSIT
DEPOSIT $86,523.42 Total Number of Checks: 292

$4,641.23

$3,647,825.48
$3,566,357.77

Post Date

02-01-2012
02-02-2012
02-03-2012
02-06-2012
02-07-2012
02-07-2012
02-08-2012
02-09-2012
02-09-2012 $86,108.94

Amount

$54,953.91 $279,568.75 $103,504.31

$71,304.92

$7,418.87 $100,000.00

$22,915.69

$3,969.53 $33,000.00

# Pinnacle'

NATIONAL BANK

150 3rd Avenue South 0 5 'te 900 • Nashville, TN 37201



### Bank Statement s of 03-30-2012

***** ***************EXCLUDE-FlatSingle
1087 3.9934 EX 0.000 3711313

Corp rate Flight
Mana ement Inc Oper ting Account
276 oug Warpoole Rd Smyr a TN 37167-5677

Deposits and Invest ents

Account # Primary Account Number: Statement Period: 03-01-2012 to 03-30-2012

Page 1

Balance

$90,093.71

Electronic Statements: Increased Convenience and Security -Statements give you the convenience of accessing your statements at
ny time with the added security of password protection. You won't have

o worry about the security of your mail or delivery mistakes. igning up is easy when you login to online banking at www.pnfp.com and

o to "User Services."



### Vista Business N .

Ending Balan e on 03·30·2012

Average Balan e This Statement

Deposits Description

DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT $69,981.43 Total Number of Checks: 285

$86,108.94

$3,790,390.68
$3,786,405.91

PostDate

03-02-2012
03-02-2012 03-02-2012 03-05-2012
03-06-2012
03-07-2012
03-08-2012
03-09-2012 03-09-2012 $90,093.71

Amount

$835.07 $30,000.00 $104,237.42 $110,810.65

$45,190.00 $50,295.00 $15,115.16 $27,000.00 $70,978.76 I 

### -I --I 

### --'
I 

# -[

t5) MEMBER

ECl'JAlfiOUSlNG LENDER 866) 755-5428 • Client Service Center (800) 264-3613 • www.pnfp.com 

# FDIC 

# Pinnacle

w

NATIONAL BANK

150 3rd Avenue South 0



### Bank Statement Primary Account Number:

_ Statement Period: 03-01-2012 to 03-30-2012

900 0 Nashville, TN 37201 Page 1



### of 

### 03-30-2012

DE-FlatSingle
3711313

Deposits and Inu,DC!tmD,ntC!

Account #



# -

Vista Business Electronic Statements: Increased Convenience and Security**f-:::;tatE~mEmts** give you the convenience of accessing your statements at time with the added security of password protection. You won't have about the security of your mail or delivery mistakes.
up is easy when you login to online banking at www.pnfp.com and Services." Balance

$90,093.71

Beginning Blllllnl:1!! on 02·29-2012 Total Number of Checks: 285

$86,108.94

$3,790,390.68
$3,786,405.91

Ending**~lIll1n~~iII** on 03-30·2012

Average**R",I~,"""** This Statement

Deposits Description

DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT $69,981.43

3;
63-02-2012
03-02-2012 03-02-2012 03-05-2012
03-06-2012
03-07-2012
03-08-2012
03-09-2012 03-09-2012 $90,093.71

Amount

$835.07 $30,000.00 $104,237.42 $110,810.65

$45,190.00 $50,295.00 $15,115.16 $27,000.00 $70,978.76 i

I 

# __ , I 

### -I 

### --'
I

! 

### --'

MEMBER 755-5428
0 Client Service Center (800) 264-3613 • www.pnfp.com 

# FDIC

# ~.

.... ::!: •.

# ~innacllr NATIONAL BANK Primary Account Number: Statement Period: 03-31-2012 to 04-30-2012

150 3rd Avenue South· S 'te 900 • Nashville, TN 37201 Page 1



### Bank Statement s of 04-30-2012

i

, 

### --,
***** ****************EXCLUDE-FlatSingle
107 4.1890EXO.000 3711321

Corp rate Flight Man gement Inc Oper ting Account 276 oug Warpoole Rd Smy a TN 37167-5677

Deposits and Inves ents

Account # Descri tion Balance

usiness Account $127,025.72

Electronic Statements: Increased Convenience and Security -Statements give you the convenience of accessing your statements at
ny time with the added security of password protection. You won't have

o worry about the security of your mail or delivery mistakes. igning up is easy when you login to online banking at www.pnfp.com and

o to "User Services."



### Vista Business o. Total Number of Checks: 319

$90,093.71

$3,804,561.57 $3,767,629.56

Ending Balan eon 04·30·2012

Deposits Description

DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT $92,927.08

PostDate

04-02-2012 04-03-2012 04-04-2012 04-04-2012 04-04-2012 04-05-2012 04-06-2012 04-06-2012 04-09-2012 $127,025.72

Amount

$149,166.53

$32,968.52

$5,000.00 $14,000.00 $37,605.46 $92,749.94 $14,784.16 $33,182.82 $117,683.67

MEMBER**Pm~I¥;~~rti:D[J.e** (866) 755-5428
0 Client Service Center (800) 264-3613 • www.pnfp.com 

# FDIC

# ~innaclew NATIONAL BANK

150 3rd Avenue South. S ite 900 • Nashville, TN 37201



### Bank Statement s of 04·30·2012

***** ****************EXCLUDE-FlatSingle
107 44.1890 EX 0.000 3711321

Corp rate Flight
Man gement Inc Oper ting Account
276 oug Warpoole Rd Smy a TN 37167-5677

Deposits and Inves ents

Account # Descri tion



# - usiness Account Primary Account Number:

_ Statement Period: 03-31-2012 to 04-30-2012

Page 1

Balance

$127,025.72

Electronic Statements: Increased Convenience and Security -Statements give you the convenience of accessing your statements at
ny time with the added security of password protection. You won't have

o worry about the security of your mail or delivery mistakes. igning up is easy when you login to online banking at www.pnfp.com and

o to "User Services."



### Vista Business 

# 0._

Checks ithdrawals

Ending Balan eon 04·30·2012

Average Bala ce This Statement

Deposits Description

DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT $92,927.08 Total Number of Checks: 319

$90,093.71

$3,804,561.57
$3,767,629.56

PostDate

04-02-2012
04-03-2012 04-04-2012 04-04-2012
04-04-2012
04-05-2012
04-06-2012
04-06-2012
04-09-2012 $127,025.72

Amount

$149,166.53

$32,968.52

$5,000.00 $14,000.00 $37,605.46 $92,749.94 $14,784.16 $33,182.82 $117,683.67 I

I --I 

### ---+

MEMBER 

### .ytiIne (866) 755-5428 • Client Service Center (800) 264-3613 • www.pnfp.com 

# FDIC

# "'

.. ,. '**~'**



# r Pinnacle'·

NATIONAL BANK

150 3rd Avenue South. 5 ite 900 0 Nashville, TN 37201



### Bank Statement**~s** 

### of 05-31-2012

***** ****************EXCLUDE-FlatSingle**107~94.3846** EX 0.000 3611339

Corp**~rate** Flight Mam gement Inc**Oper~ting** Account
276 [ aug Warpoole Rd Smyrra TN 37167-5677



### Deposits and Investments Primary Account Number: Statement Period: 05-01-2012 to 05-31-2012

Page 1

Account # Descri tion Balance

Vista**B~siness** Account $66,914.51

Electronic Statements: Increased Convenience and Security -Statements give you the convenience of accessing your statements at
ny time with the added security of password protection. You won't have

a worry about the security of your mail or delivery mistakes. :)igning up is easy when you login to online banking at www.pnfp.com and

a to "User Services."



### Vista Business Np.

Beginning Ba ance on 04-30-2012

Deposits/( red its Total Number of Checks: 332

$127,025.72

$3,842,850.96
$3,902,962.17 Checks/W ithdrawals

Ending Balan e on 05-31-2012

Average Balan e This Statement

Deposits Description

DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT $71,224.80 $66,914.51

Post Date Amount

05-01-2012 $65,756.41
05-02-2012 $96,281.17
05-03-2012 $76,562.90
05-04-2012 $105,362.86
05-07-2012 $120,330.25
05-08-2012 $31,653.84
05-09-2012 $20,000.00
05-09-2012 $44,704.75
05-10-2012 $20,313.94



# G)

EOUALHOlISING LENDER Pinnacle 1 my time (866) 755-5428 • Client Service Center (800) 264-3613
0 www.pnfp.com MEMBER 

# FDIC 

# Pinnacle

h

NATIONAL BANK

150 3rd Avenue South. Site 900 0 Nashville, TN 37201



### Bank Statement liS 

### of 05-31-2012

***** ****************EXCLUDE-FlatSingle
107494.3846 EX 0.000 3611339

Corp rate Flight Mam gement Inc Oper**~ting** Account
276 [ oug Warpoole Rd Smy na TN 37167-5677

Deposits and Investments Primary Account Number:

_ Statement Period: 05-01-2012 to 05-31-2012

Page 1

Account # Descri tion Balance



# - Vista 8 usiness Account $66,914.51

Electronic Statements: Increased Convenience and Security -Statements give you the convenience of accessing your statements at
ny time with the added security of password protection. You won't have

o worry about the security of your mail or delivery mistakes.**~igning** up is easy when you login to online banking at www.pnfp.com and**~o** to "User Services."



### Vista Business No._

Beginning Ba ance on 04-30-2012

Deposits! red its

CheckslW ithdrawals Total Number of Checks: 332

$127,025.72

$3,842,850.96
$3,902,962.17

Ending Balan eon 05-31·2012

Average**Balan~e** This Statement

Deposits Description

DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT $71,224.80

Post. Date

05-01-2012
05-02-2012 05-03-2012 05-04-2012
05-07-2012
05-08-2012
05-09-2012
05-09-2012 05-10-2012 $66,914.51

Amount

$65,756.41 $96,281.17 $76,562.90 $105,362.86 $120,330.25

$31,653.84 $20,000.00 $44,704.75 $20,313.94



# G:r
'QUAl""""" LENDER Pi.nruicJ.e**J~ytim.e** (866) 755-5428 • Client Service Center (800) 264-3613 • www.pnfp.com 

# FDIC

# F'innacle'"

NATIONAL BANK

150 3rd Avenue South. Suite 900 • Nashville, TN 37201



### Bank Statement as of 06-29-2012

**********************EXCLU DE-FlatSingle
108854.3846 EX 0.000 374320

Corporate Flight Management Inc Operating Account
276 Doug Warpoole Rd Smyrna TN 37167-5677

Deposits and Investments Primary Account Number: Statement Period: 06-01-2012 to 06-29-2012

Page 1

Account # Description Balance

Vista Business Account $67,125.16

We recently moved our debit card program from Visa to MasterCard. As

. always, there is no fee for your debit card. The fees for international

debit card transactions and/or transactions involving foreign currency will remain the same under MasterCard. However, these fees will have new descriptions. Below is updated information concerning foreign transaction fees:

- MasterCard Cross Border Fee equal to 0.80% of the U.S. Dollar value of

any transaction conducted at a non-U.S. merchant or location. Fee is originated by MasterCard.

- MasterCard Currency Conversion Fee equal to 0.20% of the U.S. Dollar

value of any transaction where a conversion to a non-U.S. Dollar denomination occurs. Fee is originated by MasterCard.



### Vista Business No. Total Number of Checks: 335

$66,914.51

$4,243,445.04
$4,243.234.39

## ~ EOUAlOOllSm LENDER Beginning Balance on 05-31·2012

Deposits/Credits

CheckslWithdrawals

Ending Balance on 06·29·2012

Average Balance This Statement $67,125.16

$92,709.51

755-5428 • Client Service Center (800) 264-3613 • www.pnfp.com MEMBER 

# FDIC 

# r**Pinnacle~** NATIONAL BANK

150 3rd Avenue South. Suite 900 0 Nashville, TN 37201



### Bank Statement as of 06-29-2012

**********************EXCLUDE-FlatSingle 108854.3846 EX 0.000 374320

Corporate Flight Management Inc Operating Account 276 Doug Warpoole Rd Smyma TN 37167-5677



### Deposits and Investments Primary Account Number:

_ Statement Period: 06-01-2012 to 06-

- Page 1

Account # Description Balance



# - Vista Business Account $67,125.16

We recently moved our debit card program from Visa to MasterCard. As

. always, there is no fee for your debit card. The fees for intemational

debit card transactions and/or transactions involving foreign currency will remain the same under MasterCard. However, these fees will have new descriptions. Below is updated information concerning foreign transaction fees:

- MasterCard Cross Border Fee equal to 0.80% of the U.S. Dollar value of

any transaction conducted at a non-U.S. merchant or location. Fee is originated by MasterCard.

- MasterCard Currency Conversion Fee equal to 0.20% of the U.S. Dollar

value of any transaction where a conversion to a non-U.S. Dollar denomination occurs. Fee is originated by MasterCard.



### Vista Business No._

Beginning Balance on 05-31·2012
Deposits/Credits
CheckslWithdrawals Total Number of Checks: 335

$66,914.51

$4,243,445.04 $4,243,234.39



# 1i}

..... """"'" LENDER Ending Balance on 06·29·2012

Average Balance This Statement $92,709.51 $67,125.16

755-5428 • Client Service Center (800) 264-3613
0 www.pnfp.com MEMBER 

# FDIC

# ~innaclew NATIONAL BANK

150 3rd Avenue South • Suite 900 0 Nashville, TN 37201



### Bank Statement as of 07-31-2012

**********************EXCLUDE-FlatSingle 106724.6379 EX 0.000 414423

Corporate Flight Management Inc Operating Account 276 Doug Warpoole Rd Smyrna TN 37167-5677

Deposits and Investments Primary Account Number: Statement Period: 06-30-2012 to 07-31-2012

Page 1

Account # Description Balance

Vista Business Account $99,011.39

Eledronic Statements: Increased Convenience and Security E-Statements give you the convenience of accessing your statements at
any time with the added security of password protection. You won't have
to worry about the security of your mail or delivery mistakes. Signing up is easy when you login to online banking at www.pnfp.com and
go to "User Services."



### Vista Business No.

Beginning Balance on 06·29·2012

Deposits/Credits

CheckslWithdrawals Total Number of Checks: 337

$67,125.16

$3,463,870.94 $3,431,984.71

Ending Balance on 07·31·2012

Average Balance This Statement

Deposits Description

DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT $75,155.45

'/'J

..**~f-;;'~ ,;~r**  ·"'07-02-2012**;~J'"** 07-02-2012

07-03-2012 07-03-2012 07-05-2012 07-06-2012 07-09-2012 07-09-2012 07-09-2012 $99,011.39

Amount

$37,000.00 $111,605.85 $5,090.59 $30,000.00 $89,504.09

$4,305.72 $18,000.00 $20,000.00 $159,513.54

MEMBER 755-5428 0 Client Service Center (800) 264-3613 0 www.pnfp.com 

# FDIC

# ~innaclew NATIONAL BANK

150 3rd Avenue South • Suite 900 • Nashville, TN 37201



### Bank Statement as of 07-31-2012

**********************EXCLUDE-FlatSingle
106724.6379 EX 0.000 41 4423

Corporate Flight Management Inc Operating Account
276 Doug Warpoole Rd Smyrna TN 37167-5677

Deposits and Investments Primary Account Number:

_ Statement Period: 06-30-2012 to**07~** Page 1

Account # Description Balance



# - Vista Business Account $99,011.39

Electronic Statements: Increased Convenience and Security E-Statements give you the convenience of accessing your statements at
any time with the added security of password protection. You won't have

to worry about the security of your mail or delivery mistakes. Signing up is easy when you login to online banking at www.pnfp.com and

go to "User Services."



### Vista Business No._

Beginning Balance on 06·29·2012

Deposits/Credits

CheckslWithdrawals Total Number of Checks: 337

$67,125.16

$3,463,870.94
$3,431,984.71

Ending Balance on 07·31·2012

Average Balance This Statement

Deposits Description

DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT $75,155.45

-02-2012
07-02-2012 07-03-2012 07-03-2012
07-05-2012
07-06-2012
07-09-2012 07-09-2012
07-09-2012 $99,011.39

Amount

$37,000.00 $111,605.85 $5,090.59 $30,000.00 $89,504.09

$4,305.72 $18,000.00 $20,000.00 $159,513.54

MEMBER 755-5428 • Client Service Center (800) 264-3613
0 www.pnfp.com 

# FDIC

# r**~innacle~**

150 3rd Avenue South· Suite 900 • Nashville, TN 37201



### Bank Statement as of 08-31-2012

**********************EXCLU DE-FlatSingle
106755.0291 EX 0.000 41 4453

Corporate Flight Management Inc Operating Account
276 Doug Warpoole Rd Smyrna TN 37167-5677

Deposits and Investments Primary Account Number: Statement Period: 08-01-2012 to 08-31-2012

Page 1

Account # Description Balance

Vista Business Account $11,250.67

Electronic Statements: Increased Convenience and Security E-Statements give you the convenience of accessing your statements at
any time with the added security of password protection. You won't have
to worry about the security of your mail or delivery mistakes. Signing up is easy when you login to online banking at www.pnfp.com and

go to "User Services."



### Vista Business No. Total Number of Checks: 366

$99,011.39

$3,891,560.37
$3,979,321.09 Beginning Balance on 07·31·2012

Deposits/Credits

CheckslWithdrawals

Ending Balance on 08·31·2012

Average Balance This Statement

Deposits Description

DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT $48,033.82

1-2012 08-02-2012 08-03-2012 08-06-2012
08-06-2012
08-06-2012 08-07-2012
08-08-2012 08-09-2012 $11,250.67

Amount

$7,454.41 $65,834.24 $48,388.19 $20,000.00 $30,000.00 $235,161.60 $2,504.18 $105,961.22

$15,917.68

## ~ EQlJAI. KOUSING LENDER (866) 755-5428 • Client Service Center (800) 264-3613 • www.pnfp.com MEMBER 

# FDIC

# lIinnacle150 3rd Avenue South 0 Suite 900 • Nashville, TN 37201



### Bank Statement as of 08-31-2012

**********************EXCLUDE-FlatSingle
106755.0291 EX 0.000 41 4453

Corporate Flight Management Inc Operating Account
276 Doug Warpoole Rd Smyrna TN 37167-5677

Deposits and Investments Primary Account Number:

_ Statement Period: 08-01-2012 to 08-31-2012

Page 1

Account # Description Balance



# - Vista Business Account $11,250.67

Electronic Statements: Increased Convenience and Security E-Statements give you the convenience of accessing your statements at
any time with the added security of password protection. You won't have
to worry about the security of your mail or delivery mistakes. Signing up is easy when you login to online banking at www.pnfp.com and

go to "User Services."



### Vista Business No._

Beginning Balance on 07·31·2012

Deposits/Credits

CheckslWithdrawals Total Number of Checks: 366

$99,011.39

$3,891,560.37
$3,979,321.09

Ending Balance on 08·31·2012

Average Balance This Statement

Deposits Description

DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT $48,033.82**'W-f1~-·"'''2** 08-02-2012 08-03-2012
08-06-2012
08-06-2012
08-06-2012
08-07-2012 08-08-2012
08-09-2012 $11,250.67

Amount

$7,454.41 $65,834.24 $48,388.19 $20,000.00 $30,000.00 $235,161.60 $2,504.18 $105,961.22

$15,917.68

(866) 755-5428. Client Service Center (800) 264-3613 e www.pnfp.com MEMBER 

# FDIC

# Pinnacle'" Primary Account Number: Statement Period:

j**~o** 3rd ;\venue South 0 Suite SIOO 01<1,;lwillc>, T'" 372111



### Bank Statement as of 09-28-2012

********************** EXCL U D E -FlatSingle
107554.5546 EX 0.000 41 4391

Corporate Flight Management Inc Operating Account
276 Doug Warpoole Rd Smyrna TN 37167-5677

Deposits and Investments

Account # Description

Vista Business Account

Electronic Statements: Increased Convenience and Security E-Statements give you the convenience of accessing your statements at
any time with the added security of password protection. You won't have

to worry about the security of your mail or delivery mistakes. Signing up is easy when you login to online banking at www.pnfp.com and

go to "User Services." 09-01-2012 to 09-28-2012

Page 1

Balance

$42,635.20



### Vista Business No.

Beginning Balance on 08·31·2012

Deposits/Credits

ChecksIWithdrawals Total Number of Checks: 323

$11,250.67

$2,792,755.44
$2,761,370.91

Ending Balance on 09·28·2012

Average Balance This Statement

Deposits Description

DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT $33,282.17

Post Date

09-04-2012
09-05-2012
09-06-2012
09-06-2012
09-07-2012
09-07-2012
09-10-2012
09-11-2012
09-11-2012 $42,635.20

Amount

$139,578.52 $102,250.47

$26,000.00 $97,014.15 $11,000.00 $30,638.29 $49,548.84 $17,000.00 $38,743.42

Pinnacle (866) 755-5428 CI it'll t Service Center (800) 264<}6J:l

@ ww IV, pl1 

# Pinnacle'" Primary Account Number: Statement Period:

j**~o** 3rd ;\venue South 0 Suite SIOO 01<1,;lwillc>, T'" 372111



### Bank Statement as of 09-28-2012

********************** EXCL U D E -FlatSingle
107554.5546 EX 0.000 41 4391

Corporate Flight Management Inc Operating Account
276 Doug Warpoole Rd Smyrna TN 37167-5677

Deposits and Investments

Account # Description

Vista Business Account

Electronic Statements: Increased Convenience and Security E-Statements give you the convenience of accessing your statements at
any time with the added security of password protection. You won't have

to worry about the security of your mail or delivery mistakes. Signing up is easy when you login to online banking at www.pnfp.com and

go to "User Services." 09-01-2012 to

Page 1

Balance

$42,635.20



### Vista Business No._

Beginning Balance on 08·31·2012

Deposits/Credits

ChecksIWithdrawals Total Number of Checks: 323

$11,250.67

$2,792,755.44
$2,761,370.91

Ending Balance on 09·28·2012

Average Balance This Statement

Deposits Description

DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT $33,282.17

Post Date

09-04-2012
09-05-2012
09-06-2012
09-06-2012
09-07-2012
09-07-2012
09-10-2012
09-11-2012
09-11-2012 $42,635.20

Amount

$139,578.52 $102,250.47

$26,000.00 $97,014.15 $11,000.00 $30,638.29 $49,548.84 $17,000.00 $38,743.42

Pinnacle (866) 755-5428 CI it'll t Service Center (800) 264<}6J:l

@ ww IV, pl1Primary Account Number: Statement Period: 09-29-2012 to 10-31-2012

]50 3re! Avenue South· Suite YOO • Nashville, TN :l72()]



### Bank Statement as of 10-31-2012

**********************EXCLUDE-FlatSingle
105475.1414 EX 0.000 404469

Corporate Flight Management Inc Operating Account
276 Doug Warpoole Rd Smyrna TN 37167-5677

Deposits and Investments

Account # Description

Vista Business Account

Electronic Statements: Increased Convenience and Security E-Statements give you the convenience of accessing your statements at
any time with the added security of password protection. You won't have

to worry about the security of your mail or delivery mistakes. Signing up is easy when you login to online banking at www.pnfp.com and

go to "User Services." Page 1

Balance

$63,498.43



### Vista Business No.

Beginning Balance on 09-28-2012

Deposits/Credits

Checks/Withdrawals Total Number of Checks: 384

$42,635.20

$3,720,856.87
$3,699,993.64

Ending Balance on 10·31·2012

Average Balance This Statement

Deposits Description

DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT $52,663.63

Post Date

10-01-2012
10-02-2012
10-02-2012
10-03-2012
10-04-2012
10-04-2012
10-05-2012
10-05-2012
10-09-2012

(866) 755-5428

@ Client Service Center (800) 264-3613 • $63,498.43

Amount

$54,579.75 $15,000.00 $24,672.42 $79,877.53 $25,000.00 $157,454.43 $7,000.00 $28,220.23 $140,044.40 Primary Account Number:

_ Statement Period: 09-29-2012 to**10~**

]50 3re! Avenue South· Suite YOO • Nashville, TN :l72()]



### Bank Statement as of 10-31-2012

**********************EXCLUDE-FlatSingle
105475.1414 EX 0.000 404469

Corporate Flight Management Inc Operating Account
276 Doug Warpoole Rd Smyrna TN 37167-5677

Deposits and Investments

Account #



# - Description

Vista Business Account

Electronic Statements: Increased Convenience and Security E-Statements give you the convenience of accessing your statements at
any time with the added security of password protection. You won't have

to worry about the security of your mail or delivery mistakes. Signing up is easy when you login to online banking at www.pnfp.com and

go to "User Services." Page 1

Balance

$63,498.43



### Vista Business No._

Beginning Balance on 09-28-2012

Deposits/Credits

Checks/Withdrawals Total Number of Checks: 384

$42,635.20

$3,720,856.87
$3,699,993.64

Ending Balance on 10·31·2012

Average Balance This Statement

Deposits Description

DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT DEPOSIT $52,663.63

Post Date

10-01-2012
10-02-2012
10-02-2012
10-03-2012
10-04-2012
10-04-2012
10-05-2012
10-05-2012
10-09-2012

(866) 755-5428

@ Client Service Center (800) 264-3613 • $63,498.43

Amount

$54,579.75 $15,000.00 $24,672.42 $79,877.53 $25,000.00 $157,454.43 $7,000.00 $28,220.23 $140,044.40Primary Account Number: Statement Period: 11-01-2012 to 11-30-2012

ISO "rd Avenu('**~;oulh** • Su;k 900. Nashville, TN :i7201



### Bank Statement as of 11-30-2012

**********************EXCLUDE-FlatSingle
104494.3590 EX 0.000 394419

Corporate Flight Management Inc Operating Account
276 Doug Warpoole Rd Smyrna TN 37167-5677

Deposits and Investments

Account # Description

Vista Business Account

NOTICE: The temporary full insurance coverage of "noninterest-bearing
transaction accounts" and "IOL TAs" is scheduled to expire on December 31
2012 unless extended by Congress. As of January 1, 2013, funds in these

accounts will be insured under the FDIC's general deposit insurance rules, subject to the maximum of $250,000 for each ownership category.
Please let us know if you have any questions or concerns. For more information, visit http://www.fdic.gov/depositldeposits/unlimited/expiration.html. Page 1

Balance

$61,277.28



### Vista Business No.

Beginning Balance on 10·31·2012

Deposits/Credits

CheckslWithdrawals Total Number of Checks: 319

$63,498.43

$3,705,779.87
$3,708,001.02

Ending Balance on 11·30·2012

Average Balance This Statement

Deposits Description

DEPOSIT DEPOSIT
DEPOSIT
DEPOSIT
DEPOSIT
DEPOSIT
DEPOSIT $39,001.40

Post Date

11-01-2012
11-02-2012
11-05-2012
11-06-2012
11-06-2012
11-06-2012
11-07-2012

Bank (866) 755-5428 • Client Service Center ((lOO) 264-3613 • $61,277.28

Amount

$40,141.00 $48,906,83 $60,833.01

$8,000.00 $19,000.00 $39,450.72 $68,657.96 Primary Account Number:

_ Statement Period: 11-01-2012 to**11~**

ISO "rd Avenu('**~;oulh** • Su;k 900. Nashville, TN :i7201



### Bank Statement as of 11-30-2012

**********************EXCLUDE-FlatSingle
104494.3590 EX 0.000 394419

Corporate Flight Management Inc Operating Account
276 Doug Warpoole Rd Smyrna TN 37167-5677

Deposits and Investments

Account # Description

Vista Business Account

NOTICE: The temporary full insurance coverage of "noninterest-bearing
transaction accounts" and "IOL TAs" is scheduled to expire on December 31
2012 unless extended by Congress. As of January 1, 2013, funds in these

accounts will be insured under the FDIC's general deposit insurance rules, subject to the maximum of $250,000 for each ownership category.
Please let us know if you have any questions or concerns. For more information, visit http://www.fdic.gov/depositldeposits/unlimited/expiration.html. Page 1

Balance

$61,277.28



### Vista Business No._

Beginning Balance on 10·31·2012

Deposits/Credits

CheckslWithdrawals Total Number of Checks: 319

$63,498.43

$3,705,779.87
$3,708,001.02

Ending Balance on 11·30·2012

Average Balance This Statement

Deposits Description

DEPOSIT DEPOSIT
DEPOSIT
DEPOSIT
DEPOSIT
DEPOSIT
DEPOSIT $39,001.40

Post Date

11-01-2012
11-02-2012
11-05-2012
11-06-2012
11-06-2012
11-06-2012
11-07-2012

Bank (866) 755-5428 • Client Service Center ((lOO) 264-3613 • $61,277.28

Amount

$40,141.00 $48,906,83 $60,833.01

$8,000.00 $19,000.00 $39,450.72 $68,657.96Primary Account Number: Statement Period: 12-01-2012 to 12-31-2012

150 ]rd ;\Vl'lllJe South Suile 9000 N,)Slwilk TN 372111



### Bank Statement as of 12-31-2012

********************** EXC L U D E -FlatSi ng Ie
103163.9678 EX 0.000 394397

Corporate Flight Management Inc Operating Account
276 Doug Warpoole Rd Smyrna TN 37167-5677

Deposits and Investments

Account # Description

Vista Business Account

NOTICE: The temporary full insurance coverage of "noninterest-bearing
transaction accounts" and "IOL TAs" is scheduled to expire on December 31
2012 unless extended by Congress. As of January 1, 2013, funds in these

accounts will be insured under the FDIC's general deposit insurance rules, subject to the maximum of $250,000 for each ownership category. Please let us know if you have any questions or concerns. For more information, visit http://www.fdic.gov/depositldeposits/unlimited/expiration.html. Page 1

Balance

$14,287.27



### Vista Business No.

Beginning Balance on 11·30·2012

Deposits/Credits

Checks/Withdrawals Total Number of Checks: 282

$61,277.28

$2,823,926.96
$2,870,916.97

Ending Balance on 12·31·2012 $14,287.27

Average Balance This Statement $42,196.38

Deposits Description Post Date Amount

DEPOSIT 12-03-2012 $20,000.00
DEPOSIT 12-03-2012 $78,799.14
DEPOSIT 12-04-2012 $426.36
DEPOSIT 12-04-2012 $7,084.61
DEPOSIT 12-04-2012 $9,000.00
DEPOSIT 12-04-2012 $15,000.00
DEPOSIT 12-05-2012 $66,034.17

Pinnacle (866) '755-5428
$ Client Service Center (800) 264--3613 • Primary Account Number: Statement Period: 12-01-2012 to 12-31-2012

150 ]rd ;\Vl'lllJe South Suile 9000 N,)Slwilk TN 372111



### Bank Statement as of 12-31-2012

********************** EXC L U D E -FlatSi ng Ie
103163.9678 EX 0.000 394397

Corporate Flight Management Inc Operating Account
276 Doug Warpoole Rd Smyrna TN 37167-5677

Deposits and Investments

Account # Description

Vista Business Account

NOTICE: The temporary full insurance coverage of "noninterest-bearing
transaction accounts" and "IOL TAs" is scheduled to expire on December 31
2012 unless extended by Congress. As of January 1, 2013, funds in these

accounts will be insured under the FDIC's general deposit insurance rules, subject to the maximum of $250,000 for each ownership category. Please let us know if you have any questions or concerns. For more information, visit http://www.fdic.gov/depositldeposits/unlimited/expiration.html. Page 1

Balance

$14,287.27



### Vista Business No._

Beginning Balance on 11·30·2012

Deposits/Credits

Checks/Withdrawals Total Number of Checks: 282

$61,277.28

$2,823,926.96
$2,870,916.97

Ending Balance on 12·31·2012 $14,287.27

Average Balance This Statement $42,196.38

Deposits Description Post Date Amount

DEPOSIT 12-03-2012 $20,000.00
DEPOSIT 12-03-2012 $78,799.14
DEPOSIT 12-04-2012 $426.36
DEPOSIT 12-04-2012 $7,084.61
DEPOSIT 12-04-2012 $9,000.00
DEPOSIT 12-04-2012 $15,000.00
DEPOSIT 12-05-2012 $66,034.17

Pinnacle (866) '755-5428
$ Client Service Center (800) 264--3613 •

### *Note: Balances for non

‐ CFM accounts redacted. 

# Pinnacle account balances for CFM as of 3/8/13*

### Exhibit CFM - 800 Page 1 of 3

COMPLIANCE HISTORY AND SAFETY MATTERS

There have been no civil or criminal actions, no judgments, and no pending litigation against Corporate Flight Management, Inc. or C.F.M. Holding, Inc. None of the owners, directors, or key management personnel have been or are now involved in criminal or civil actions, judgments or pending litigation. See 

### Exhibit CFM - 200. There have been no charges brought against CFM, C.F.M. Holding, Inc., or any individual or their related corporations that involve charges of unfair or deceptive or anticompetitive practices, fraud, felony or antitrust violation. See 

### Exhibit
CFM - 200.

There are no FAA actions or complaints pending against any of CFM's key personnel.

The company has two open Letters of Investigation from the FAA.

The first letter addresses one of the company’s out-based aircraft that was operated several times in January 2012 without a valid registration on board. As part of the FAA effort to re-register all aircraft in the US, the registration for this aircraft expired on December 31, 2011. CFM’s maintenance department checked with the owner of the aircraft and was assured that the reregistration had been completed. However, it turned out that the owner had written out a new temporary registration and placed it in the aircraft in lieu of re-registering in the proper manner. By the time this situation was discovered by the company, the aircraft had made several flights and the FAA was aware of the issue. This was not a safety violation, but rather an administrative error. CFM has put procedures in place to prevent this from happening in the future. Late last summer the company requested an informal hearing with the FAA and is waiting for a date to be set. A copy of this Letter of Investigation appears in Exhibit CFM – 801.

The second letter addresses an August 2012 flight time and duty rest issue that was discovered by the FAA during a routine audit. CFM issued a letter addressing the circumstances and the procedural changes implemented by the company to eliminate future issues. The FAA has indicated that the pilot will be receiving a letter of warning and CFM will be receiving a letter of correction and that the Letter of Investigation will be resolved. A copy of this Letter of Investigation and CFM’s written reply appear in Exhibit CFM – 802.

There are no other open investigations or other enforcement actions pending against the

company.

CFM has a full time Director of Safety (not required under FAR 135) and a fully functioning Safety Management System. CFM is in the FAA SMS pilot program and is currently in Level 1. CFM is also a Stage 2 ISBAO registered operator and holds a Platinum Safety Rating by the Aviation Research Group US (ARGUS). The company has held Department of Defense Civil Airline Review Board (DoD – CARB) certification for a period of 3 years while performing under a DOD contract. The contract was defunded in March 2012 and the CARB certification lapsed, but the company is eligible for re-certification in the event it receives a new DoD contract award.

### Exhibit CFM - 800 Page 2 of 3

As noted in Exhibit CFM - 400, during December 1996 the company received certification as a domestic commuter operation under FAR Part 121. CFM conducted all of its FAR Part 121 operations using the approved DBA Corporate Express Airlines. The company divested itself of the FAR 121 operations in 2001 with the divested entity becoming RegionsAir.

During the time period where the company operated both FAR Part 121 and FAR Part 135 operations (1996-2001) it received violations from the DOT for failure to comply with the company’s drug and alcohol program. The violations were due to the company’s hiring employees in safety sensitive occupations prior to receiving test results from initial drug screening. None of the employees that were hired under this violation tested positive for drugs. The company corrected its hiring procedures to ensure that no employee is employed until drug screening test results have been verified.

In the 11 years since the divestiture of RegionsAir, the company has not been assessed FAA or DOT violations.

The FAA’s ASIAS database contains reports for the following minor incidents that have occurred since the company’s operations commenced in 1982:

26 September, 1991 – A Beech King Air 90 operated by the company struck a deer after landing at the Grand Rapids Airport (GRR). 1 pilot and 4 passengers were on board. There were no injuries to the passengers or crew.

20 June 1997 - A Jetstream 31 operated by the company struck a deer with its right main landing gear while conducting a “touch and go” training exercise at the Smyrna Airport (MQY). 2 pilots and 0 passengers were on board. There were no injuries to the crew.

30 November 1997 - A Jetstream 31 operated by the company aborted a take-off at the Nashville International Airport (BNA) when the left engine failed to produce the required level of torque. 2 pilots and 12 passengers were on board. There were no injuries to the passengers or crew.

24 March 1999 - A Jetstream 31 operated by the company suffered a hydraulic failure while in flight and landed at Nashville International Airport (BNA). 2 pilots and 9 passengers were on board. There were no injuries to the passengers or crew.

18 August 2001 – A Jetstream 31 operated by the company received a warning from its TCAS system and obtained vectors from air traffic control to avoid other aircraft during approach to Raleigh-Durham International Airport (RDU). 2 pilots and 0 passengers were on board. There was no damage to the aircraft and there were no injuries to the crew.

19 January 2002 – A Mitsubishi MU-300 operated by the company ran off of the end of the runway after landing at Dekalb-Peachtree Airport (PDK). 1 pilot and 2 passengers were on board. There were no injuries to the passengers or crew.

### Exhibit CFM - 800 Page 3 of 3

3 January 2007 – A Jetstream 31 operated by the company experienced a fire in the tail pipe of its left engine during landing at Atlantic City International Airport (ACY). The aircraft was evacuated on the runway by airport fire crews. 2 pilots and 3 passengers were on board. There were no injuries to the passengers or crew.

15 January 2009 – A Jetstream 31 operated by the company experienced a nose gear position indicator error during final approach to Central Nebraska Regional Airport (GRI). The aircraft landed safely. 2 pilots and 10 passengers were on board. There were no injuries to the

passengers or crew.

14 December 2012 – A Lear 35 operated by the company ran off of the end of the runway after landing at John C Tune Airport (JWN). 2 pilots and 0 passengers were on board. There were no injuries to the crew.

Copies of the FAA ASAIS summary reports for each incident described above are attached as Exhibits CFM – 803 to 811.

In addition, the NTSB Accident Database contains information on two accidents involving aircraft operated by the company:

21 September 1995 - A Mitsubishi MU-2B-35 cargo aircraft operated by the company crashed two miles from the Smyrna Airport in Tennessee (MQY) after departing on a Part 91 repositioning flight to Louisville Kentucky. The aircraft was destroyed. There were two persons on board: the pilot and another company employee. Both were seriously injured. The NTSB investigation determined that the crash was a result of loss of control of the aircraft due to the pilot becoming spatially disoriented in the cockpit while trying to obtain a departure clearance. There were no violations assessed against the company or the pilot as a result of the accident. Exhibit CFM - 812 contains the NTSB’s Factual Report for this accident. NTSB’s Probable Cause report is attached as Exhibit CFM – 813.

25 March 2002 - A Mitsubishi MU-300 departed the runway after landing in Anderson Indiana (AID) on a reposition flight. The aircraft was substantially damaged. There were no passengers on board and neither of the two crew members was injured. The aircraft landed on an ice covered runway and could not stop due to poor braking conditions. The NTSB did not file any violations against the company or the crew in connection with the accident. Exhibit CFM - 814 contains the NTSB’s Factual Report for this accident. NTSB’s Probable Cause report is attached as Exhibit CFM – 815.U

. S

. Deport m e n t

o f T r an spo rtat ion
Federal Aviation Administration



### Feb ru ary 27

, 2012



### CERTIF I E D MAIL-RETURN RECEIPT REQUESTED
FILE NUM B ER

- 2012CE190013

Mr. Dwayne M cM urry Corporate Flight Management

, Inc

. 276 D oug Warpoole Road
S m yrna , TN 37 167

Dear M r

. McMu rry : Nas hville Flig ht Standards D i strict Office 2 International Plaza Dr i ve Su i te 700 Nashv i l le

, Te nness ee 37217 615-324-1300

, Fax : 615-324-1360



### On F eb ru a r y 24

, 201 1

, th is offi ce b ecame aware that an a ircraft

, N560 HG

, has bee n

o p e ra ted by Corporate F l ig ht Management, In c., Federal Aviation Administration (FAA)
D es i gnator F J T A

, without a valid r eg i strat io n.

Operation of an aircraft wi thout a v alid r eg i s trati on is contrary to Federa l Regulations.

T hi s l etter is t o infonn you th at this matt e r i s under investigation b y the FAA. We wo uld

ap p rec i ate r eceiv in g a n y evi d e n ce or s t ate m en t s yo u might care to mak e regar din g this

matter w ith in 1 0 da ys of r ece i pt of thi s l e tt e r

. Any disc u ss i on o r wr itt en sta t emen t s furnished by you wi ll be g i ve n co n si d e rati o n in our in ves ti ga ti o n

. I f we d o not h ear from

yo u within the spec ifi e d time

, ou r r e port w ill be pr ocesse d w ithout be nefi t of yo ur sta tement.

Si nc e r ely,

# ~~ Princ ipal Operations In specto r (6 1 5) 32 4

- 13 34

T homas.A.Luipersbeck @ F A A.GovU.S. Deportment
of Transportation

Federal Aviation Administration



### February 6, 2013



### CERTIFIED MAIL-RETURN RECEIPT REQUESTED
File No. 

### 2013CE190016

Mr. James Allen Howell Corporate Flight Management, Inc.
276 Doug Warpoole Road Smyrna, TN 37167

Dear Mr. Howell: Nashville Flight Standards District Office
2 International Plaza Drive Suite 700 Nashville, Tennessee 37217 615-324-1300, Fax: 615-324-1360



### On January 11, 20 13, I inspected flight and duty records at the Corporate Flight Management base in Smyrna, TN. The findings indicates that, between the hours of approximately 12:15 P.M. on August 5, 2012 and 12:15 P.M. August 6, 2012, Mr. Guido Warnecke, ATP 2496996, acted as pilot in command under 14 CFR Part 135 for Corporate Flight Management, Inc. after exceeding the flight time limitations of 14 CFR Part 13 5.267. Operations of this type are contrary to Federal Regulations.

14 CFR Part 135.267 states, in part: (a) No certificate holder may assign any flight crewmember, and no flight crewmember may accept an assignment, for flight time as a member of a one- or two-pilot crew if that crewmembers total flight time in all commercial flying will exceed

- (b) Except as provided in paragraph (c), during any 24 consecutive
hours the total flight time of the assigned flight when added to any other commercial flying by that flight crewmember may not exceed- (1) 8 hours for a flight crew consisting of one pilot; or (2) 1 0 hours for a flight crew consisting of two pilots qualified under this part for
the operation being conducted.

This letter is to inform you that this matter is under investigation by the Federal Aviation
Administration (FAA). We would appreciate receiving any evidence or statements you might care to make regarding this matter within 10 days of receipt of this letter. Any
discussion or written statements furnished by you will be given consideration in our investigation. If we do not hear from you within the specified time, our report will be processed without benefit of your statement.

Sincerely,

Thomas A. Luipersbeck Principal Operations Inspector (615) 324-1334 Thomas.A.Luipersbeck@F AA.GovFebruary 22, 2013

File No. 2013CE190016

Dear Mr. Luipersbeck:

This letter is a follow up to our conversations regarding your letter dated February 6, 2013.

On the afternoon of Friday August 3 week day dispatchers briefed Guido Warnecke (PIC) and Michael

Pitaru (SIC) for a trip on Sunday, August 5 (CFM Tri p #100077603) and additional trips on Monday,
August 6 (CFM Trip #100077142 & #100077699). The customers for all these trips are owners of aircraft
managed and operated by Corporate Flight Management. These trips, as briefed at that time, individually and collectively, complied with the flight and rest time regulations of FAR 135.2 67.

The original trip on August 5, 2013 was scheduled to fly from Danbury, CT (KDXR) to Hyannis, MA (KHYA)

to pick up passengers. The leg with passengers on this trip was scheduled to be from Hyannis, MA (KHYA) to Cincinnati, OH, (KLUK). The aircraft was to return to Danbury, CT (KDX R) without passengers
and terminate. On Saturday, August 4, 2013, the customer requested an additional stop to be made in

White Plains, NY (KHPN) on the way from Hyannis, MA (KHYA) to Cincinnati, OH (KLUK). To compensate

for the additional time required to make this extra stop, the flight from KLUK to KDXR was re scheduled

to depart from Cincinnati, OH (KLUK) and proceed direct to Bar Harbor, ME (KBHB) to position for the
trip the following day. The weekend dispatcher sent updated details of the trip to both crew members.

This change ensured that individually and collectively the flight schedule co mplied with the flight and

rest time regulations of FAR 135.267.

During the trip, the customer informed the pilot that there would be one passenger that needed to go
from Cincinnati, OH (KLUK) with the aircraft to Danbury, CT (KDXR). Captain Warnecke informed
dispatch of this change. However, due to the weather, the flight crew ha d to divert from their original

destination Danbury, CT (KDXR) to White Plains, NY (KHPN). After arriving in White Plains, NY (KHPN)

the decision was made to remain overnight without relocating to Danbury, CT (KDXR) due to the

inclement weather. The crew left the aircraft in White Plains, NY (KHPN) and ren ted a car to return to Danbury, CT (KDXR), approximately a 30 minute drive. At this point, neither crew nor dispatch realized

the implications of the additional changes.

The following day (Monday, August 6, 2013) the crew returned to White Plains, NY (KHPN) to pick up the

aircraft and beg in trip 100077142, a pick

‐ up of another aircraft owner whose aircraft was in

maintenance. This trip picked up passengers in Bar Harbor, ME (KBHB) and dropped them off in White
Plains, NY (KHPN) before returning empty to Danbury, CT (KDXR). Immediately following the
completion of this trip, Captain War necke began trip 100077699. This trip was conducted single

‐ pilot ina King Air B100 for the owner of another aircraft managed and operated by Corporate Flight

management.

Due to the events described above, the flight crew did not have the minimum rest required prior to the
flight beginning on August 6, 2013. Additionally, the PIC exceeded the flight time limitations according

to FAR 135.2 67.

In reviewing the circumstances that led to the rest and flight time issues, we have found the following:

• Corporate Flight Management operates and manages a number of aircraft for individuals and
corporations in the Northeastern part of the United States. When operating the aircraft for the

owner, the tr ips are dispatched under Part

‐ 91. When an owner’s aircraft is not available due to
maintenance, flight crew or other reasons, we allow the owners the use of one of our other
managed aircraft. In the past, we have dispatched these trips as Part

‐ 91 trips, since there was

an owner swap agreement be tween the owners. Recently, due to new interpretations of

Internal Revenue Service regulations and the confusion created between these interpretations

and Federal Aviation Administration regulations, in order to protect the aircraft owners as well

as CFM, we have started dispatching these trips as Part 135 trips.

When the flight crew was originally brie fed, they recognized the aircraft owner’s names for all

the trips for the next few days. Although the dispatch Trip Sheet specifies the Part

‐ 135 legs,

confusion may have been created during the verbal briefing of the flight crew, as well as a
mindset that they we re dealing with Part

‐ 91 flights. The dispatcher involved in the Friday briefings is no longer employed by Corporate Flight Management, therefore not allowing us to

determine the complete facts surrounding the crew briefings.

• The change in routing requested by the customer during the trip to Cincinnati, OH (KL UK) was relayed to CFM dispatch. This added flight time to the trip sequence and delayed the flight

crew’s “end of duty” time which impacted the previously assigned rest period. However, the

weekend dispatcher failed to realize the impact of the later arrival on the following day’s trip
assignment. This may have bee n created by a poor pass down from the weekday dispatcher to

the weekend dispatcher. Again, the weekday dispatcher that was involved in this briefing is no longer employed by CFM and a complete recounting of the pass down between this dispatcher

and the weekend dispatcher is not possible.

• Weather cau sed the flight crew to divert from their intended destination of Danbury, CT (KDXR)

to White Plains, NY (KHPN) which impacted the required rest time prior to the trip on August 6 th

. The time required to hold also decreased the rest time available to the crew.

• When the dispatcher calculated the rest time after several changes to the flight schedules, he

may not have taken into account the driving to and from Danbury, CT (KDXR) and the time required to pick up an d drop off a rental car. There was also a misconception by the weekenddispatcher that travel back and forth between Danbury, CT (KDXR) and White Plains, NY (KHPN)

was considered local in nature, as it relates to rest time requirements.

• CFM employs a total of 8 staff in its dispatch office. Weekdays, between the hours of 6AM and

6PM, we have multiple dispatchers working as a tea m on all facets of a trip, including a crew scheduling specialist and a supervisor. However, in the evenings/nights and during the

weekends there is only one dispatcher on duty. This has seldom proven to be an issue as the
majority of trips are scheduled, modified and released duri ng normal working hours. The
experience level and the workload of the dispatcher combined with insufficient oversight may
have contributed to the infraction.

• The dispatch group uses a checklist as a job aid when setting up a trip. This checklist specifically

addresses items such as required rest, maximum allowable flight time (bo th single and dual crew) and the FAR for the intended operation. In reviewing this checklist several items came to light:

o The checklist procedures do not adequately address changes to the itinerary.

o The checklist does not address pilots flying multiple trips in a 24

‐ hour period and
switching fro m a two

‐ pilot crew to a single

‐ pilot operation.

o The checklist does not require the dispatcher to have concurrence with another
dispatcher or management.

• The monthly audit of Flight and Duty time records did not catch the apparent violation of FAR

135.267 allowing CFM to self

‐ disclose this matter.

To ensure th at this will not happen again, CFM has taken or is in the process of taking the following

actions:

• Due to job performance issues not directly associated or caused by this situation, CFM

terminated the weekday dispatcher involved in this situation in January 2013 in an effort to

meet CFM’s s tandards of quality and improve our customer service.

• Standard Operating Procedures for dispatchers will be updated with extended focus on issues

that can lead to flight and rest time constraints.

• Remedial training of all dispatch personnel will be conducted addressing strict compliance of

CFR 14 135 fl ight and rest time requirements considering placing special emphasis on change

requests and special circumstances.

• The Chief Pilot has scheduled a training session with Captain Warnecke to review the events leading up to the infractions. The PIC responsibilities as they pertain to flight and rest tim e regulations, as well as the regulatory impact of swapping aircraft between owners will bediscussed.

• An operations bulletin was prepared by the Chief Pilot and sent to all flight crew members via e

‐ mail. The bulletin reiterated the following items:

o The flight and rest requirements of Part

‐ 135, the issues that arise when flying multiple
trips in one day while switching from a two

‐ pilot cre w to a single

‐ pilot operation.

o The responsibility of the flight crew members to continually monitor the accumulated flight and rest times, especially as changes to the trip are made.

o The CFM policy of flying trips for aircraft owners under Part

‐ 135 if the trip is flow n in an
aircraft that is not owned by this aircraft owner.

• The checklist deficiencies listed above were addressed and a revised checklist with better
guidance and more stringent controls will be put in place.

• Dispatcher workload, especially during times of a single dispatcher on duty, will be more clos ely

monitored.

• Corporate Flight Management has a mature Safety Management System (SMS), which was implemented as part of our IS

‐ BAO registration. We have notified our Director of Safety (Ron
Barnum) and he is in the process of evaluating the occurrences referenced in this letter separate

from the Flight Operation s group. The outcome of this independent investigation will be

considered and any findings and/or corrective action will be made available to the FAA.

• Corporate Flight Management has been developing a Flight Risk Assessment Tool (FRAT) over
the last several months. This tool will require the flight crew to assess each fli ght leg for safety

and legality, taking into account such items as airport conditions, weather, crew rest, crew pairing etc. We expect that the new program will be fully implemented no later than March 1,

2013.

• CFM is also investigating changes to current software and/or acquiring new software with bui lt

in automated controls. Our current software gives us a pictorial view of all flights, allowing us to manually check for any errors; however it does not have any automatic controls that check
against flight time and rest regulations.

• Our current process of a monthly audit of Flight and Duty ti me records will be reevaluated.

Corporate Flight Management has reviewed all flight duty records for the last 12 months, to ensure that

no other rest or flight time infractions have occurred. No additional issues were discovered and it does

not appear that this is a reoccurring issue.

Additionally, Captain Warnecke has always been a safety consciou s, dedicated member of our team. He

is well versed in the regulations, company policy and procedures and has remained in full compliancewith these during his employment with CFM. As such, we do not believe that Mr. Warnecke in any way intentionally or knowingly violated FAR 135.267 during the conduct of the trips in question. Captain

Warnecke has cooperated fully and honestly during our investigation of this matter. He has taken
responsibility for his part in th is occurrence and CFM as a company is convinced a situation such as this

will not occur in the future under his command.

In closing, Corporate Flight Management realizes that errors were made leading up to the events

described in this letter. We have analyzed the contributing factors and are in the process of makin g changes outlined above to ensure that similar instances will not occur.

Corporate Flight Management has always endeavored to operate to the highest safety standards
possible while staying in full compliance with all Federal Aviation Regulations. We hope that our explanation of the contributing factors an d our subsequent corrective actions will be considered as a positive approach to this unintentional violation of the regulations.

We welcome any feedback concerning the issues addressed in this letter and are available to discuss this

at your convenience.

Sincerely,

### ASIAS BRIEF REPORT

GENERAL INFORMATION

Data Source: ACCIDENT AND INCIDENT DATABASE
Report Number: 19910926050569I

Local Date: 26-SEP-91

Local Time:
City: GRAND RAPIDS

State: MN
Airport Name: GRAND RAPIDS-ITA SCA CO-GORDON NEWSTROM FLD
Event Type: INCIDENT

Mid Air Collision: NOT A MIDAIR

AIRCRAFT INFORMATION

Aircraft Damage: MINOR

Aircraft Make: BEECH

Aircraft Model: BE-90

Aircraft Series: BE-90-B90

Airframe Hrs: 7880
Operator: CORPORATE FLIGHT MANAGEMENT

NARRATIVE

ON LANDING ROLLOUT AIRCRAFT STRUCK A DEER.

Detail

Primary Flight Type: AIR TAXI (NON-SCHEDULED)
Secondary Flight Type: PASSENGERS
Type of Operation: AIR TAXI/COMMUTER
Registration Nbr: 551SS

Total Aboard: 5

Fatalities: 0
Injuries: 0
Landing Gear:
Aircraft Weight Class: UNDER 12501 LBS http://www.asias.faa.gov/portal/pls/portal/STAGE.AIDS_BRIEF_REP...

1 of 2 2/14/2013 5:10 PM

### Engine Make:
Engine Model:
Engine Group:
Number of Engines: 2
Engine Type:

Environmental/Operations Info

Primary Flight Conditi ons: VISUAL FLIGHT RULES
Secondary Flight Conditions: WEATHER NOT A FACTOR
Wind Direction(deg): 32
Wind Speed(mph): 03
Visibility(mi.): GREATER THAN 10 MILES
Visibility Restrictions:
Light Condition: DUSK
Flight Plan Filed: INSTRUMENT FLIGHT RULES
Approach Type: VISUAL

Pilot In Command

Pilot Certificates: AIRLINE TRANSPORT
Pilot Rating: ROTORCRAFT/HELICOPTER/AIRPLANE SINGLE, MULTI-ENGIN E
Pilot Qualification: QUALIFIED
Flight Time Total Hours: 10000

Total in Make/Model: 8000
Total in Last 90 days: 138
Total in last 90 days Make/Model: 138

END REPORT http://www.asias.faa.gov/portal/pls/portal/STAGE.AIDS_BRIEF_REP...

2 of 2 2/14/2013 5:10 PM

### ASIAS BRIEF REPORT

GENERAL INFORMATION

Data Source: ACCIDENT AND INCIDENT DATABASE
Report Number: 19970620019409I

Local Date: 20-JUN-97

Local Time:
City: NASHVILLE

State: TN
Airport Name: NASHVILLE INTL
Event Type: INCIDENT

Mid Air Collision: NOT A MIDAIR

AIRCRAFT INFORMATION

Aircraft Damage: MINOR

Aircraft Make: JETSTREAM-BAE SYSTEMS

Aircraft Model: JETSTREAM 31-S31

Aircraft Series:

Airframe Hrs: 7644
Operator: CORPORATE FLIGHT MANAGEMENT

NARRATIVE

NARRATIVE: WHILE ACCELERATING TO TAKEOF F ON THE SECOND OF THREE TOUCH AND GO'S AT SMYRNA AIRPORT, SMYRNA, TN TH E PILOT OF A CORPORATE EXPRESS TRAINING
FLIGHT SAW THREE DEER CROSSING THE RU NWAY. THE PILOT ROTATED ABRUPTLY BUT
WAS UNABLE TO GAIN SUFFICIENT ALTITU DE TO AVOID STRIKING THE DEER. THE SUBSEQUENT IMPACT SHEARED THE RIGHT MA IN GEAR AT THE PIVOT HUB. THE GEAR
REMAINED ATTACHED BY THE ACTUATOR. THE PILOT REPORTED THE DEER STRIKE TO
NASHVILLE APPROACH CONTROL AND THE AIRPORT PREPARED FOR THE EMERGENCY
LANDING WHICH FOLLOWED. THE PILOT REMA INED ALOFT FOR APPROXIMATELY AN HOUR
AND HALF BURNING FUEL AND COMPLETING THE EMERGE NCY CHECK LISTS. THE
AIRCRAFT TOUCHED DOWN APPROXIMA TELY 500 FEET FROM THE APPROACH END OF RUNWAY 31, THE CREW SHUT DOWN AND FEAT HERED BOTH ENGINES, THE RIGHT SIDE
THEN CAME DOWN APPROXIMATELY 1000 FEET FROM THE APPROACH END OF THE
RUNWAY. THE AIRCRAFT SKIDDED FOR APPROXIMATELY 2400 FEET AND CAME TO REST
JUST RIGHT OF THE CENTER LINE AND IN FRONT OF TAXIWAY "B". THE PASSENGER
REMOVED THE PILOT SIDE OVERWING EXIT AND EVACUATED THE AI RCRAFT DURING THE http://www.asias.faa.gov/portal/pls/portal/STAGE.AIDS_BRIEF_REP...

1 of 3 2/14/2013 5:12 PM

### FIRE DEPARTMENT'S FOAMING PROCESS.THE TWO CREW MEMBERS FOLLOWED AFTER THE
FIRE DEPARTMENT COMPLETED THE FOAMING.

Detail

Primary Flight Type: SUPPLEM ENTAL OR COMMERCIAL OPERATOR
Secondary Flight Type: TRAINING
Type of Operation: AI R CARRIER/COMMERCIAL
Registration Nbr: 931AE

Total Aboard: 2

Fatalities: 0
Injuries: 0
Landing Gear:
Aircraft Weight Class: OVER 12500 LBS
Engine Make:
Engine Model:
Engine Group:
Number of Engines: 2
Engine Type:

Environmental/Operations Info

Primary Flight Conditions: UNKNOWN
Secondary Flight Conditions: WEATHER NOT A FACTOR
Wind Direction(deg):
Wind Speed(mph):
Visibility(mi.):
Visibility Restrictions:
Light Condition: NIGHT
Flight Plan Filed: AIR TAXI FLIGHT FOLLOWING
Approach Type:

Pilot In Command

Pilot Certificates: AIRLINE TRANSPORT
Pilot Rating: AIRPLANE SINGLE, MULTI-ENGINE LAND
Pilot Qualification: QUALIFIED
Flight Time Total Hours: 9000

Total in Make/Model: 3000
Total in Last 90 days: 50 http://www.asias.faa.gov/portal/pls/portal/STAGE.AIDS_BRIEF_REP...

2 of 3 2/14/2013 5:12 PM

### Total in last 90 days Make/Model:

END REPORT http://www.asias.faa.gov/portal/pls/portal/STAGE.AIDS_BRIEF_REP...

3 of 3 2/14/2013 5:12 PM

### ASIAS BRIEF REPORT

GENERAL INFORMATION

Data Source: ACCIDENT AND INCIDENT DATABASE
Report Number: 19971130043149I

Local Date: 30-NOV-97

Local Time:
City: NASHVILLE

State: TN
Airport Name: NASHVILLE INTL
Event Type: INCIDENT

Mid Air Collision: NOT A MIDAIR

AIRCRAFT INFORMATION

Aircraft Damage:

Aircraft Make: JETSTREAM-BAE SYSTEMS

Aircraft Model: JETSTREAM 31-S31

Aircraft Series: T.1-T.2

Airframe Hrs:
Operator: CORPORATE FLIGHT MANAGEMENT

NARRATIVE

NARRATIVE: ABORTED TAKE-OFF FROM RUNWAY 31 DUE TO LEFT ENGINE UNABLE TO PRODUCE REQUIRED TORQUE. AS CREW EXI TED RUNWAY, ENGINES WERE RETARDED TO
GROUND IDLE. LEFT ENGINE THEN FLAM ED-OUT AND SPOOLED DOWN. PASSENGERS
NOTIFIED CREW THAT FLAMES WERE CO MING FROM THE LEFT TAILPIPE. CREW SHUT
DOWN RIGHT ENGINE AND PERFORMED AN EMERGENCY EVACUATION ON TAXIWAY C15.
CREW ALSO FIRED EXTINGUISHERS AND CALLED CFR.

Detail

Primary Flight Type: SUPPLEM ENTAL OR COMMERCIAL OPERATOR
Secondary Flight Type: PASSENGERS
Type of Operation: AI R CARRIER/COMMERCIAL
Registration Nbr: 917AE

Total Aboard: 14 http://www.asias.faa.gov/portal/pls/portal/STAGE.AIDS_BRIEF_REP...

1 of 2 2/14/2013 5:13 PM

### Fatalities: 0
Injuries: 0
Landing Gear:
Aircraft Weight Class: OVER 12500 LBS
Engine Make: GARRTT
Engine Model: TPE331*
Engine Group: TPE331
Number of Engines: 2
Engine Type: T

Environmental/Operations Info

Primary Flight Conditions : INSTRUMENT FLIGHT RULES
Secondary Flight Conditions: LIGHT RAIN
Wind Direction(deg):
Wind Speed(mph):
Visibility(mi.):
Visibility Restrictions:
Light Condition: NIGHT
Flight Plan Filed: INSTRUMENT FLIGHT RULES
Approach Type:

Pilot In Command

Pilot Certificates: AIRLINE TRANSPORT
Pilot Rating: AIRPLANE SINGLE, MULTI-ENGINE LAND
Pilot Qualification: QUALIFIED
Flight Time Total Hours:

Total in Make/Model:
Total in Last 90 days:
Total in last 90 days Make/Model:

END REPORT http://www.asias.faa.gov/portal/pls/portal/STAGE.AIDS_BRIEF_REP...

2 of 2 2/14/2013 5:13 PM

### ASIAS BRIEF REPORT

GENERAL INFORMATION

Data Source: ACCIDENT AND INCIDENT DATABASE
Report Number: 19990324016439I

Local Date: 24-MAR-99

Local Time:
City: NASHVILLE

State: TN
Airport Name: NASHVILLE INTL
Event Type: INCIDENT

Mid Air Collision: NOT A MIDAIR

AIRCRAFT INFORMATION

Aircraft Damage:

Aircraft Make: JETSTREAM-BAE SYSTEMS

Aircraft Model: JETSTREAM 31-S31

Aircraft Series:

Airframe Hrs: 11727
Operator: CORPORATE FLIGHT MANAGEMENT

NARRATIVE

(-5)AIRCRAFT WAS AT CRUISE, ENROUTE TO ALT FROM BNA. APPROXIMATELY 35 MINUTES
INTO THE FLIGHT BOTH HYDRAULIC PRES SURE GAUGES STARTED TO FLUCTUATE AND
THEN WENT TO '0' PRESSURE. THE AIRCRAF T INCURRED A HYDRAULIC SYSTEM FAILURE.
THE AIRCRAFT RETURNED TO BNA. AN EMERGENCY LANDING WAS DECLARED AND THE
LANDING GEAR AND FLAPS WERE ACTIVEATED BY MEANS OF THE EMERGENCY
HYDRAULIC SYSTEM. THE AIRCRAFT LANDED A ND RETURNED SAFELY TO THE GATE. THE
CREW DID AN OUTSTANDING JOB OF GETTING THE AIRCRAFT BACK TO BNA AND ON THE
GROUND. THE R/H HYDRAULIC PUMP RETURN LINE HAD REUPTURED AS A RESULT OF
CHAFING THE COMPRESSOR DRAIN LINE. THE LINE WAS RELACED AND ALL ALSO #1 AND
#2 ENGINE DRIVEN HYDRAULIC PUMPS. TH E SYSTEM FILTERS WERE INSPECTED AND REPLACED, NO EVIDENCE OF METAL NOTED. THE ENTIRE AIRCRAFT HYDRAULIC SYSTEM
WAS BLED I/A/W THE AIRCRAFT MAINTENAN CE MANUAL. GEAR, FLAP AND BRAKE
SYSTEMS WERE LEAK AND FUNCTIONALLY CH ECKED WITH NO DISCREPANCIES NOTED.
THE AIRCRAFT RETURNED TO SERVICE.

Detail http://www.asias.faa.gov/portal/pls/portal/STAGE.AIDS_BRIEF_REP...

1 of 2 2/14/2013 5:15 PM

### Primary Flight Type: SCHEDULED AIR CARRIER
Secondary Flight Type: PASSENGERS
Type of Operation: AI R CARRIER/COMMERCIAL
Registration Nbr: 940AE

Total Aboard: 11

Fatalities: 0
Injuries: 0
Landing Gear:
Aircraft Weight Class: OVER 12500 LBS
Engine Make:
Engine Model:
Engine Group:
Number of Engines: 2
Engine Type:

Environmental/Operations Info

Primary Flight Conditi ons: VISUAL FLIGHT RULES
Secondary Flight Conditions: WEATHER NOT A FACTOR
Wind Direction(deg):
Wind Speed(mph):
Visibility(mi.):
Visibility Restrictions:
Light Condition: DAY
Flight Plan Filed: INSTRUMENT FLIGHT RULES
Approach Type:

Pilot In Command

Pilot Certificates: AIRLINE TRANSPORT
Pilot Rating: ROTORCRAFT/HELICOPTER/AIRPLANE SINGLE, MULTI-ENGIN E
Pilot Qualification: QUALIFIED
Flight Time Total Hours: 7371

Total in Make/Model: 4691
Total in Last 90 days: 156
Total in last 90 days Make/Model:

END REPORT http://www.asias.faa.gov/portal/pls/portal/STAGE.AIDS_BRIEF_REP...

2 of 2 2/14/2013 5:15 PM

### ASIAS BRIEF REPORT

GENERAL INFORMATION

Data Source: ACCIDENT AND INCIDENT DATABASE
Report Number: 20010818025329I

Local Date: 18-AUG-01

Local Time:
City: RALEIGH

State: NC
Airport Name: RALEIGH-DURHAM INTL
Event Type: INCIDENT

Mid Air Collision: NOT A MIDAIR

AIRCRAFT INFORMATION

Aircraft Damage:

Aircraft Make: JETSTREAM-BAE SYSTEMS

Aircraft Model: JETSTREAM 31-S31

Aircraft Series:

Airframe Hrs:
Operator: CORPORATE FLIGHT MANAGEMENT

NARRATIVE

(-23) CEA 1571, ON AN EAST ARRIVAL WAS CLEARED TO DESCEND AND MAINTAIN 7000' AND ADVISED OF N638SP AT 6000' AND N480Y, VFR AT 6500' SW BOUND. CEA 1571
ACKNOWLEDGED TRAFFIC AND HELD N638SP ON TCAS. VECTORS WERE GIVEN TO CEA 1571
TO AVOID THE OTHER AIRCRAFT. THE OTHER AIRCRAFT RECEIVED ADVISORIES. CEA 1571 RECEIVED A RA TO DESCEND, WHICH HE DID AND FOLLOWED FURTHER ATC VECTORS OT
THE ILS FOR A NORMAL LANDING ON RUNWAY 23 LEFT AT RDU. THE TCAS WORKED AS
INTENDED AND WAS PROBABLY INITIATED BY N480Y DEVIATING SLIGHTLY FROM THE 6500'
IN VFR CONDITIONS APPROXIM ATELY 1 MILE AWAY. CEA 1571 OPERATED PROPERLY UNDER
AN IFR CLEARANCE AND FOLLOWED ALL VECTORS AND INSTRUCTIONS.

Detail

Primary Flight Type: SUPPLEM ENTAL OR COMMERCIAL OPERATOR
Secondary Flight Type: UNKNOWN
Type of Operation: AI R CARRIER/COMMERCIAL http://www.asias.faa.gov/portal/pls/portal/STAGE.AIDS_BRIEF_REP...

1 of 2 2/14/2013 5:16 PM

### Registration Nbr: 944AE

Total Aboard: 0

Fatalities: 0
Injuries: 0
Landing Gear:
Aircraft Weight Class: OVER 12500 LBS
Engine Make:
Engine Model:
Engine Group:
Number of Engines: 2
Engine Type:

Environmental/Operations Info

Primary Flight Conditi ons: VISUAL FLIGHT RULES
Secondary Flight Conditions: WEATHER NOT A FACTOR
Wind Direction(deg):
Wind Speed(mph):
Visibility(mi.):
Visibility Restrictions:
Light Condition: DAY
Flight Plan Filed: INSTRUMENT FLIGHT RULES
Approach Type:

Pilot In Command

Pilot Certificates: AIRLINE TRAN SPORT PILOT FLIGHT INSTRUCTOR
Pilot Rating: AIRPLANE SINGLE, MULTI-ENGINE LAND
Pilot Qualification: QUALIFIED
Flight Time Total Hours: 2158

Total in Make/Model: 581
Total in Last 90 days: 167
Total in last 90 days Make/Model:

END REPORT http://www.asias.faa.gov/portal/pls/portal/STAGE.AIDS_BRIEF_REP...

2 of 2 2/14/2013 5:16 PM

### ASIAS BRIEF REPORT

GENERAL INFORMATION

Data Source: ACCIDENT AND INCIDENT DATABASE
Report Number: 20020119000849I

Local Date: 19-JAN-02

Local Time:
City: ATLANTA

State: GA
Airport Name: DEKALB-PEACHTREE
Event Type: INCIDENT

Mid Air Collision: NOT A MIDAIR

AIRCRAFT INFORMATION

Aircraft Damage: MINOR

Aircraft Make: MITSUBISHI

Aircraft Model: MU-300

Aircraft Series:

Airframe Hrs: 4018
Operator: CORPORATE FLIGHT MANAGEMENT

NARRATIVE

(-23) MR. SOLOMON STATED THAT THEY FLEW THE ILS 20L INTO PDK AND WERE VISUAL
LAST 1000 FT OF THE APPROACH. THEY FLEW THE CALCULATED VREF SPEED AND LANDED
AS NORMAL HOWEVER THE ANTI-SKID REACTED AS IF IT WERE HYDROPLANING. MR.
SOLOMON POWERED UP FOR A GO-AROUND BU T DECIDED TO UTILIZE MAX BRAKING AND
REMAIN ON THE RUNWAY. HE SAID THEY MADE SURE THE POWER WAS IDLE SPEED AND
DETERMINED THE MOST EFFECTIVE POINT ON THE BRAKING SYSTEM. THE AIRCRAFT
RANOFF THE END OF THE RUNWAY AND STOP JUST SHORT OF LOC ANTENNA. THE
AIRPLANE HAD MINOR DAMAGE TO THE RIGHT BRAKE ONLY.

Detail

Primary Flight Type: AIR TAXI (NON-SCHEDULED)
Secondary Flight Type: PASSENGERS
Type of Operation: AIR TAXI/COMMUTER
Registration Nbr: 617BG http://www.asias.faa.gov/portal/pls/portal/STAGE.AIDS_BRIEF_REP...

1 of 2 2/14/2013 9:15 PM

### Total Aboard: 3

Fatalities: 0
Injuries: 0
Landing Gear:
Aircraft Weight Class: OVER 12500 LBS
Engine Make:
Engine Model:
Engine Group:
Number of Engines: 2
Engine Type:

Environmental/Operations Info

Primary Flight Conditi ons: VISUAL FLIGHT RULES
Secondary Flight Conditions: WIND
Wind Direction(deg):
Wind Speed(mph):
Visibility(mi.):
Visibility Restrictions:
Light Condition: NIGHT
Flight Plan Filed: UNKNOWN
Approach Type: INSTRUMENT LA NDING SYSTEM- FRONT COURSE

Pilot In Command

Pilot Certificates: AIRLINE TRAN SPORT PILOT FLIGHT INSTRUCTOR
Pilot Rating: AIRPLANE SINGLE, MULTI-ENGINE LAND
Pilot Qualification: QUALIFIED
Flight Time Total Hours: 5080

Total in Make/Model: 249
Total in Last 90 days: 200
Total in last 90 days Make/Model:

END REPORT http://www.asias.faa.gov/portal/pls/portal/STAGE.AIDS_BRIEF_REP...

2 of 2 2/14/2013 9:15 PM

### ASIAS BRIEF REPORT

GENERAL INFORMATION

Data Source: ACCIDENT AND INCIDENT DATABASE
Report Number: 20070103000019I

Local Date: 03-JAN-07

Local Time:
City: ATLANTIC CITY

State: NJ
Airport Name: ATLANTIC CITY INTL
Event Type: INCIDENT

Mid Air Collision: NOT A MIDAIR

AIRCRAFT INFORMATION

Aircraft Damage:

Aircraft Make: JETSTREAM-BAE SYSTEMS

Aircraft Model: JETSTREAM 31-S31

Aircraft Series:

Airframe Hrs: 24791
Operator: CORPORATE FLIGHT MANAGEMENT

NARRATIVE

(-23) CORPORATE FLIGHT MANAGEMENT INC ., FLIGHT 104, A BAE JETSTREAM 3201, SERIAL NO. 906, N487UE, ENROUTE FROM KDCA TO KACY AND LANDED ON RUNWAY 22 KACY WITH
SMOKE TRAILING FROM THE LEFT ENGINE TA IL PIPE. ARFF RESPONDED, THE OCCUPANTS WERE EVACUATED ON THE TAXIWAY, THE TAIL PIPE FIRE WAS EXTINGUISHED AND THE
AIRCRAFT WAS TOWED TO THE RAMP WITHOU T INCIDENT. THE CAPTAIN INITIATED THE
EVACUATION BECAUSE OF THE SMOKE AND FIRE IN THE TAIL PIPE OF THE LEFT ENGINE. ONLY THE MAIN CABIN DOOR WAS USED, BECAUSE ONLY THREE PASSENGERS WERE
ONBOARD. NO MALFUNCTIONS WERE REPO RTED DURING THE EVACUATION. THE
ESTIMATED TIME IT TOOK FOR THE EVACUA TION WAS JUST UNDER ONE MINUTE AND NO
INJURIES WERE REPORTED.

Detail

Primary Flight Type: AIR TAXI (NON-SCHEDULED)
Secondary Flight Type: PASSENGERS http://www.asias.faa.gov/portal/pls/portal/STAGE.AIDS_BRIEF_REP...

1 of 2 2/14/2013 9:17 PM

### Type of Operation: AIR TAXI/COMMUTER
Registration Nbr: 487UE

Total Aboard: 5

Fatalities: 0
Injuries: 0
Landing Gear:
Aircraft Weight Class: OVER 12500 LBS
Engine Make:
Engine Model:
Engine Group:
Number of Engines: 2
Engine Type:

Environmental/Operations Info

Primary Flight Conditi ons: VISUAL FLIGHT RULES
Secondary Flight Conditions: WEATHER NOT A FACTOR
Wind Direction(deg):
Wind Speed(mph):
Visibility(mi.):
Visibility Restrictions:
Light Condition: DAY
Flight Plan Filed: UNKNOWN
Approach Type:

Pilot In Command

Pilot Certificates: AIRLINE TRAN SPORT PILOT FLIGHT INSTRUCTOR
Pilot Rating: AIRPLANE SINGLE, MULTI-ENGINE LAND
Pilot Qualification: QUALIFIED
Flight Time Total Hours: 3606

Total in Make/Model: 1100
Total in Last 90 days: 200
Total in last 90 days Make/Model:

END REPORT http://www.asias.faa.gov/portal/pls/portal/STAGE.AIDS_BRIEF_REP...

2 of 2 2/14/2013 9:17 PM

### ASIAS BRIEF REPORT

GENERAL INFORMATION

Data Source: ACCIDENT AND INCIDENT DATABASE
Report Number: 20090115000189I

Local Date: 15-JAN-09

Local Time:
City: GRAND ISLAND

State: NE
Airport Name: CENTRAL NEBRASKA RGNL
Event Type: INCIDENT

Mid Air Collision: NOT A MIDAIR

AIRCRAFT INFORMATION

Aircraft Damage: NONE

Aircraft Make: JETSTREAM-BAE SYSTEMS

Aircraft Model: JETSTREAM 31-S31

Aircraft Series:

Airframe Hrs: 20223
Operator: CORPORATE FLIGHT MANAGEMENT

NARRATIVE

N874CP, BA JETSTREAM-321, WAS OPERATED AS A COMMERCIAL FLIGHT BY CORPORATE FLIGHT MANAGEMENT UNDER USC 14 CFR PART 135. THE FLIGHT DEPARTED ST. LOUIS, MO ENROUTE TO GRAND ISLAND, NE (GRI). ON A PPROACH INTO GRI, THE CREW ADVISED THE
TOWER THAT THEY HAD NO IN DICATION THAT THE NOSE GEAR WAS DOWN AND LOCKED.
THEY DECLARED AN EMERGENCY AND FLEW AROUND TO BURN FUEL. THEY LANDED
WITHOUT FURTHER INCIDENT. UPON TOUCH DOWN THE CREW RECEIVED A GREEN LIGHT
FOR THE NOSE GEAR. THE AIRCRAFT WAS FE RRIED TO SMYRNA, TN. COMPANY MECHANICS
CLEANED THE NOSE GEAR DOWNLOCK INDI CATOR MICROSWITCH, AND SWUNG THE GEAR
WITH NO DISCREPANCIES.

Detail

Primary Flight Type:
Secondary Flight Type:
Type of Operation: AIR TAXI/COMMUTER http://www.asias.faa.gov/portal/pls/portal/STAGE.AIDS_BRIEF_REP...

1 of 2 2/14/2013 9:26 PM

### Registration Nbr: 874CP

Total Aboard: 12

Fatalities: 0
Injuries: 0
Landing Gear:
Aircraft Weight Class: OVER 12500 LBS
Engine Make:
Engine Model:
Engine Group:
Number of Engines: 2
Engine Type:

Environmental/Operations Info

Primary Flight Conditions:
Secondary Flight Conditions:
Wind Direction(deg):
Wind Speed(mph):
Visibility(mi.):
Visibility Restrictions:
Light Condition:
Flight Plan Filed:
Approach Type:

Pilot In Command

Pilot Certificates:
Pilot Rating:
Pilot Qualification:
Flight Time Total Hours: 0

Total in Make/Model: 0
Total in Last 90 days: 0
Total in last 90 days Make/Model:

END REPORT http://www.asias.faa.gov/portal/pls/portal/STAGE.AIDS_BRIEF_REP...

2 of 2 2/14/2013 9:26 PM

### ASIAS BRIEF REPORT

GENERAL INFORMATION

Data Source: ACCIDENT AND INCIDENT DATABASE
Report Number: 20121214028209I

Local Date: 14-DEC-12

Local Time:
City: NASHVILLE

State: TN
Airport Name: JOHN C TUNE
Event Type: INCIDENT

Mid Air Collision: NOT A MIDAIR

AIRCRAFT INFORMATION

Aircraft Damage: NONE

Aircraft Make:

Aircraft Model:

Aircraft Series:

Airframe Hrs: 11737
Operator: CORPORATE FLIGHT MANAGEMENT

NARRATIVE

AIRCRAFT RAN OFF END OF RUNWAY INTO GRASS. NO DAMAGE TO AIRCRAFT.

Detail

Primary Flight Type:
Secondary Flight Type:
Type of Operation: GENERAL OPERATING RULES
Registration Nbr: 701DA

Total Aboard: 2

Fatalities: 0
Injuries: 0
Landing Gear:
Aircraft Weight Class: OVER 12500 LBS http://www.asias.faa.gov/portal/pls/portal/STAGE.AIDS_BRIEF_REP...

1 of 2 2/14/2013 9:41 PM

### Engine Make:
Engine Model:
Engine Group:
Number of Engines: 2
Engine Type:

Environmental/Operations Info

Primary Flight Conditions:
Secondary Flight Conditions:
Wind Direction(deg):
Wind Speed(mph):
Visibility(mi.):
Visibility Restrictions:
Light Condition:
Flight Plan Filed:
Approach Type:

Pilot In Command

Pilot Certificates: AIRLINE TRAN SPORT PILOT FLIGHT INSTRUCTOR
Pilot Rating:
Pilot Qualification:
Flight Time Total Hours: 3743

Total in Make/Model: 34
Total in Last 90 days: 81
Total in last 90 days Make/Model:

END REPORT http://www.asias.faa.gov/portal/pls/portal/STAGE.AIDS_BRIEF_REP...

2 of 2 2/14/2013 9:41 PMNational Transportation Safety Board


### FACTUAL REPORT

AVIATION NTSB ID:

Occurrence Date:

Occurrence Type: Most Critical Injury:

Investigated By:

Location/Time

State Zip Code Local Time Time Zone

Model/Series Aircraft Manufacturer Aircraft Information Summary

Revenue Sightseeing Flight: Air Medical Transport Flight:

Narrative

Brief narrative statement of facts, conditions and circumstances pertinent to the accident/incident:

Page 1 FACTUAL REPORT - AVIATION Nearest City/Place

Distance From Landing Facility: Airport Proximity:

Type of Aircraft Aircraft Registration Number: This space for binding

*** Note: NTSB investigators either traveled in support of this investigation or conducted a significant amount of investigative work without any travel, and used data obtained from various sources to prepare this aircraft accident report. ***

HISTORY OF FLIGHT

On September 21, 1995, about 0425 central daylight time, a Mitsubishi, MU-2B-35, N309MA, registered to Topflight Turbines Inc., leased to Corporate Flight Management Inc., operating as a 14 CFR Part 91 positioning flight, crashed after takeoff in the vicinity of Smyrna, Tennessee. Visual meteorological conditions prevailed and an IFR flight plan was filed. The airplane was destroyed. The commercial pilot and the pilot-rated customer service agent sustained serious injuries. The flight originated from Smyrna Airport about 2 minutes before the accident.

A witness stated he observed the airplane on climbout from runway 32 which is located about 3/4 of a mile from his house. The airplane started a right turn estimated at about a 30-to 45-degree angle of bank, stopped climbing, started a descent and was heard colliding with the terrain. The witness stated it was very dark, with no ambient light or visible horizon.

The pilot-in-command and pilot-rated customer service agent were both interviewed and stated they have no memory of the accident flight.

Transcripts of recorded transmission revealed that N309MA attempted to contact Nashville approach at 0424:19, to obtain an IFR clearance to Louisville, Kentucky. There were no other known radio communications from N309MA, and there was no radio transmission from Nashville approach to N309MA. Review of Nashville ATCT continuous data recording radar revealed N309MA was observed on radar at 04:24:00, climbing through 900 feet msl on a heading of 334 degrees. At 04:24:32, N309MA was at 1,600 feet msl on a heading of 009 degrees. At 04:24:45, N309MA had descended to 1,000 feet msl on a heading of 067 degrees. No radar returns were received from N309MA at 04:24:50.

PERSONNEL INFORMATION

Review of Corporate Flight Management flight training records revealed the pilot completed transition training in the MU-2B on May 7, 1995, and was qualified as a pilot-in-command on May 8, 1995. All airman competency and proficiency checks, had been recorded by Corporate Flight Management as conducted to include current use of single pilot autopilot authority. Additional information pertaining to the pilot is contained in NTSB Form 6120.4.

AIRCRAFT INFORMATION

Review of the aircraft logbooks revealed no discrepancies on the autopilot. Additional No No Airplane MU-2B-35 /MU-2B-35 MITSUBISHI Off Airport/Airstrip CDT 0425 37167 TN SMYRNA NTSB Accident Serious 09/21/1995 N309MA MIA95FA226This space for binding

National Transportation Safety Board



### FACTUAL REPORT

AVIATION NTSB ID:

Occurrence Date:

Occurrence Type:

FACTUAL REPORT - AVIATION Page 1a Narrative (Continued) Accident 09/21/1995 MIA95FA226

information pertaining to the airplane is contained in NTSB Form 6120.4

METEOROLOGICAL INFORMATION

Visual meteorological conditions prevailed at the time of the accident. Official sunrise was 0631. The altitude of the moon was 10.3 degrees and the percent of illumination of the moon was 12
percent.

WRECKAGE AND IMPACT INFORMATION

The wreckage of N309MA was located about 1/2 mile south of Jones Mill Road in a corn field in the vicinity of Smyrna, Tennessee.

Examination of the crash site revealed the airplane collided with a tree line in a descending right turn on a heading of 095 degrees. The left wing collided with trees 35 feet above the base of the tree. The right wing collided with trees 25 feet above the base of the tree. The airplane continued forward separating the left spoiler, left and right stabilizer, left and right outboard flap, right outboard wing, and left and right fuel tip tanks before the main fuselage collided with the ground, 472 feet from the initial point of impact. The fuselage slid down the crash debris line on a heading of 099 degrees, turned sideways, rolled over, and rotated around its vertical axis to the right tail first, separating the right propeller system from the propeller flange. The fuselage continued to rotate around its vertical axis to the right separating the left and right engine assembly, and wing center section. The main fuselage came to rest on its right side 1,231 feet from the initial point of impact on a heading of 172 degrees. The remaining wreckage was scattered along the crash debris line extending 1,356 feet from the initial point of impact (tree line.) The main fuel tank, and the left and right fuel tip tanks were ruptured. There was a strong odor of fuel present extending along the crash debris line, and there was no postcrash fire.

Examination of the airframe and flight control systems revealed no evidence of a precrash mechanical failure or malfunction. The autopilot was found in the off position and the autopilot circuit breakers were not tripped open.

Examination of the left and right engine assemblies revealed the type and degree of damage indicative of engine rotation and operation at the time of impact. (See Allied-Signal Aerospace Company, Garret Engine Division, TEARDOWN REPORT OF TWO MODEL TPE331-6-252M TURBOPROP ENGINES
SERIAL NUMBERS P-20194C AND P- 20200C.)

Examination of the left and right propeller assemblies revealed no evidence of a precrash failure or malfunction. The right propeller blades had evidence of bending and twisting. The left propeller blades had evidence of forward bending. (See Hartzell Propeller Inc., Propeller Teardown Report.)

MEDICAL AND PATHOLOGICAL INFORMATION

The pilot, sustained serious injuries. Toxicology studies of specimens was performed by Vanderbuilt University Medical Center, Department of Pathology, Nashville, Tennessee. These studies were negative for alcohol, neutral, acidic, and basic drugs.

The pilot-rated passenger, sustained serious injuries. Toxicology studies of specimens was performed by Vanderbuilt University Medical Center, Department of Pathology, Nashville, Tennessee. These studies were negative for alcohol, neutral, acid, and basic drugs.

TEST AND RESEARCH

Review of Corporate Flight Management Operations Manual, Flight Rules, Limitations andThis space for binding

National Transportation Safety Board



### FACTUAL REPORT

AVIATION NTSB ID:

Occurrence Date:

Occurrence Type:

FACTUAL REPORT - AVIATION Page 1b Narrative (Continued) Accident 09/21/1995 MIA95FA226

Procedures (c) states, "At airports which do not have operating ATC facilities and it is not otherwise possible for the flight crew to obtain an IFR clearance, the flight may takeoff and depart under VFR". The control tower at the Smyrna Airport is operational from 0800 to 2000. Nashville clearance delivery is available on frequency 121.7 when the tower is closed. There is no recorded record on file with Nashville ATCT that N309MA attempted to pick up his IFR clearance on the ground. Review of Nashville ATCT daily record of facility operation does not indicate a problem with any navigational aides or radio frequencies for the time period 0500 UTC to 0459 UTC.

Review of the FAA Facility Operations Manual and Air Traffic Procedures Handbook indicates frequencies and interphones in a facility shall be continuously monitored. At the time of the accident the Nashvillle ATCT was in a normal midnight configuration with all positions of operations combined in the tower cab. A review of the voice recordings by the Nashville Air Traffic Manager for the time period of the accident, revealed that a transmission from N309MA was received at the departure radar west position located in the TRACON; however, no determination was made as to the exact frequency that was used by N309MA. The Air Traffic Manager for Nashville ATCT stated
no transmissions were received in the tower.

Advisory Circular 60-4 describes spatial disorientation.

ADDITIONAL INFORMATION

The airplane wreckage was released to Mr. Michael A. Noblin, Director of Maintenance, Corporate Flight Management Inc., on September 23, 1995. The left and right engine and propeller assembly was released to Mr. Max R. Allen, Allen Aero Service, Jefferson, Georgia, on November 27,

1995.National Transportation Safety Board



### FACTUAL REPORT

AVIATION NTSB ID:

Occurrence Date:

Occurrence Type:

FACTUAL REPORT - AVIATION Page 2 This space for binding

Landing Facility/Approach Information

Airport Name

Runway Surface Type:

Runway Surface Condition: Airport ID:

Approach/Arrival Flown:

VFR Approach/Landing:

Aircraft Information

Aircraft Manufacturer

Airworthiness Certificate(s):

Landing Gear Type:

Amateur Built Acft? Number of Seats:

Engine Type:

- Aircraft Inspection Information

Type of Last Inspection

- Emergency Locator Transmitter (ELT) Information

ELT Installed?/Type

Owner/Operator Information

Registered Aircraft Owner

Operator of Aircraft

Operator Does Business As:

- Type of U.S. Certificate(s) Held:

Air Carrier Operating Certificate(s):

Operating Certificate:

Regulation Flight Conducted Under:

Type of Flight Operation Conducted: Operator Certificate: Operator Designator Code: Street Address

City

Street Address

City ELT Aided in Locating Accident Site? Time Since Last Inspection

Hours

Model/Series: Engine Manufacturer:

Date of Last Inspection Model/Series

Certified Max Gross Wt. Number of Engines: LBS Serial Number Airport Elevation

Ft. MSL Runway Used Runway Length Runway Width

Rated Power:

Airframe Total Time

Hours

State Zip Code

State Zip Code No Yes / Retractable - Tricycle

Positioning Part 91: General Aviation On-demand Air Taxi FJTA 37167 TN SMYRNA HANGAR 625 A STREET

CORPORATE FLIGHT MANAGEMENT 76028 TX BURLESON 1912 RED OAK DRIVE TOPFLIGHT TURBINES 4304 50 08/1995 100 Hour 840 HP TPE-331-6-25 GARRETT Turbo Prop 2 10800 2 No Normal 602 MU-2B-35 /MU-2B-35 MITSUBISHI None NONE 0 Accident 09/21/1995 MIA95FA226This space for binding

National Transportation Safety Board



### FACTUAL REPORT

AVIATION NTSB ID:

Occurrence Date:

Occurrence Type:

FACTUAL REPORT - AVIATION Page 3 First Pilot Information

Name

Sex: Seat Occupied: City

Occupational Pilot? Certificate Number: State Date of Birth Age

Certificate(s):

Airplane Rating(s):

Rotorcraft/Glider/LTA:

Instrument Rating(s):

Instructor Rating(s):

Current Biennial Flight Review?

Medical Cert. Status:

- Flight Time Matrix Medical Cert.: Date of Last Medical Exam:

Glider Lighter

Than Air Rotorcraft Instrument

Actual Simulated Airplane
Mult-Engine Night Airplane
Single Engine This Make

and Model All A/C

Total Time

Pilot In Command(PIC)

Instructor

Instruction Received

Last 9 0 Days

Last 30 Days

Departure Time Time Zone State Airport Identifier

State Airport Identifier Type of Flight Plan Filed:

Departure Point

Destination Flight Plan/Itinerary

Type of Clearance:

Type of Airspace:

Weather Information

Source of Wx Information :

Flight Service Station Class G None CDT 0423

SDF MQY

KY LOUISVILLE Same as Accident/Incident Location IFR No Yes No Yes 112

2020 112 2140 09/1994

Valid Medical--no waivers/lim. Class 2 Airplane Multi-engine; Airplane Single-engine; Instrument Airplane Commercial

Airplane Multi-engine Land; Single-engine Land

None On File Civilian Pilot Left M 32 On File On File On File On File Accident 09/21/1995 MIA95FA226This space for binding

National Transportation Safety Board



### FACTUAL REPORT

AVIATION NTSB ID:

Occurrence Date:

Occurrence Type:

FACTUAL REPORT - AVIATION Page 4 Weather Information

WOF ID Observation Time

Sky/Lowest Cloud Condition: Time Zone WOF Elevation

Ft. MSL WOF Distance From Accident Site

NM

Ft. AGL Condition of Light: Direction From Accident Site

Deg. Mag.

Altimeter: "Hg Visibility: SM

Weather Conditions at Accident Site : Ft. AGL

W ind Gusts : ° C ° C Dew P oint:

Wind Speed : Lowest Ceiling:

Temperature:

Wind Direction :

Visibility (RVR): Ft.

Precip and/or Obscuration :

Accident Information

Aircraft Damage: Visibility (RVV) SM

Aircraft Fire: Aircraft Explosion

- Injury Summary Matrix

First Pilot

Second Pilot

Student Pilot

Check Pilot

Flight Engineer

Cabin Attendants

Other Crew

Passengers

- TOTAL ABOARD -

Other Ground

- GRAND TOTAL - Fatal Serious Minor None TOTAL

Flight Instructor

2 0 2 0 0

0 0 0 2

2 1 1 1 1 None

None Destroyed 0 0 Visual Conditions

5 50 18 18 30.00 3 2800 Broken Night/Dark 0 Unknown 320 20 599 CDT 0459 BNA Accident 09/21/1995 MIA95FA226This space for binding

National Transportation Safety Board



### FACTUAL REPORT

AVIATION NTSB ID:

Occurrence Date:

Occurrence Type:

FACTUAL REPORT - AVIATION Page 5 Administrative Information

Investigator-In-Charge (IIC)

Additional Persons Participating in This Accident/Incident Investigation:

CURTIS L WILKES NASHVILLE, TN

RALPH SORRELLS DALLAS, TX

ROGER W STALLKAMP PIQUA, OH

ALAN LUBES PHOENIX, AZ CARROL A. SMITH Accident 09/21/1995 MIA95FA226National Transportation Safety Board Washington, DC 20594

Brief of

Adopted

Make/Model: Engine Make/Model: Aircraft Damage: Number of Engines: Operating Certificate(s): Fatal Serious Minor/None Crew Pass

Last Depart. Point: Destination: Airport Proximity: Condition of Light: Weather Info Src:

Basic Weather: Lowest Ceiling: Visibility: Wind Dir/Speed: Temperature (°C): Precip/Obscuration:

Pilot-in-Command Age:

Certificate(s)/Rating(s) Flight Time (Hours)

Total All Aircraft: Last 90 Days: Total Make/Model: Total Instrument Time: Printed on : 3/1/2013 11:32:43 AM

Type of Flight Operation: Reg. Flight Conducted Under:

UnK/Nr 112 Unk/Nr 2140

Airplane Commercial; Multi-engine Land; Single-engine Land 32

*** Note: NTSB investigators either traveled in support of this investigation or conducted a significant amount of investigative work without any travel, and used data obtained from various sources to prepare this aircraft accident report. ***

A WITNESS STATED HE OBSERVED THE AIRPLANE ON CLIMBOUT FROM RUNWAY 32. THE AIRPLANE STARTED A RIGHT TURN ESTIMATED AT ABOUT 30 TO 45
DEGREE ANGLE OF BANK. THE AIRPLANE STOPPED CLIMBING AND BEGAN DESCENDING. SUBSEQUENTLY, IT COLLIDED WITH A TREE LINE, WHILE IN A RIGHT
BANK, AND THEN IT IMPACTED THE GROUND. WEATHER CONDITIONS AT THE TIME OF ACCIDENT WERE DESCRIBED BY THE WITNESS AS VERY DARK, WITH NO
AMBIENT LIGHT OR VISIBLE HORIZON. EXAMINATION OF THE AIRFRAME, FLIGHT CONTROL SYSTEM, ENGINE ASSEMBLY, AND PROPELLER ASSEMBLY REVEALED NO
EVIDENCE OF A PRECRASH FAILURE OR MALFUNCTION. THE AUTOPILOT WAS FOUND IN THE OFF POSITION, AND THE AUTOPILOT CIRCUIT BREAKERS WERE NOT

TRIPPED. THE PILOT AND PASSENGER WERE SERIOUSLY INJURED AND HAD NO MEMORY OF THE FLIGHT. A RADIO TRANSCRIPT REVEALED THAT AFTER TAKING OFF, THE FLIGHT HAD MADE ONE RADIO TRANSMISSION TO REQUEST AN IFR CLEARANCE. 18 050 / 005 Kts 3.00 SM 2800 Ft. AGL, Broken Visual Conditions Weather Observation Facility Night/Dark 0 1 0 0

1 0

Off Airport/Airstrip LOUISVILLE, KY Same as Accident/Incident Location Part 91: General Aviation Positioning On-demand Air Taxi 2 Destroyed Garrett / TPE-331-6-25 Mitsubishi / MU-2B-35 Time (Local): 04:25 CDT Aircraft Reg No. N309MA SMYRNA, TN 09/21/1995 File No. 1177 MIA95FA226 02/14/1996 AccidentBrief of

__________________________________________________________________________________________________________________________________________

The National Transportation Safety Board determines the probable cause(s) of this accident to be:
FAILURE OF THE PILOT TO MAINTAIN A PROPER CLIMB RATE AFTER TAKEOFF, AND HIS INADVERTENT ENTRY IN A DESCENDING SPIRAL, WHICH HE FAILED TO
CORRECT. FACTORS RELATING TO THE ACCIDENT WERE: DARKNESS, AND THE PILOT BECOMING SPATIALLY DISORIENTED DURING THE INITIAL CLIMB WHILE

ATTEMPTING TO OBTAIN AN IFR CLEARANCE. Accident (Continued)

Occurrence #1: IN FLIGHT COLLISION WITH OBJECT Phase of Operation: TAKEOFF

Findings 1. (F) LIGHT CONDITION - DARK NIGHT 2. AUTOPILOT - NOT USED - PILOT IN COMMAND 3. (C) PROPER CLIMB RATE - NOT MAINTAINED - PILOT IN COMMAND 4. (C) SPIRAL - INADVERTENT - PILOT IN COMMAND 5. (F) SPATIAL DISORIENTATION - PILOT IN COMMAND 6. (C) DESCENT - NOT CORRECTED - PILOT IN COMMAND 7. OBJECT - TREE(S)

----------

Occurrence #2: IN FLIGHT COLLISION WITH TERRAIN/WATER Phase of Operation: DESCENT - UNCONTROLLED

Findings Legend: (C) = Cause, (F) = Factor Time (Local): 04:25 CDT Aircraft Reg No. N309MA SMYRNA, TN 09/21/1995 File No. 1177 MIA95FA226National Transportation Safety Board


### FACTUAL REPORT

AVIATION NTSB ID:

Occurrence Date:

Occurrence Type: Most Critical Injury:

Investigated By:

Location/Time

State Zip Code Local Time Time Zone

Model/Series Aircraft Manufacturer Aircraft Information Summary

Revenue Sightseeing Flight: Air Medical Transport Flight:

Narrative

Brief narrative statement of facts, conditions and circumstances pertinent to the accident/incident:

Page 1 FACTUAL REPORT - AVIATION Nearest City/Place

Distance From Landing Facility: Airport Proximity:

Type of Aircraft Aircraft Registration Number: This space for binding

*** Note: NTSB investigators either traveled in support of this investigation or conducted a significant amount of investigative work without any travel, and used data obtained from various sources to prepare this aircraft accident report. ***

HISTORY OF FLIGHT

On March 25, 2002, at 0901 eastern standard time (EST), a Mitsubishi MU-300, N617BG, operated by Corporate Flight Management, Inc. (CFM), was substantially damaged during a landing overrun on runway 30 at Anderson Municipal-Darlington Field Airport (AID), Anderson, Indiana. Instrument meteorological conditions prevailed at the time of the accident. The 14 CFR Part 135 on-demand air-taxi flight was operating on an instrument rules flight rules flight plan. The two flight crew members and four passengers were uninjured. The flight departed from the Memphis International Airport (MEM), Memphis, Tennessee, and was en route to AID.

At 0430 central standard time (CST), the captain reported receiving a briefing at his residence via telephone from Nashville Flight Service Station for a route from Smyrna Airport (MQY), Smyrna, Tennessee to MEM to AID. He stated that the METAR for AID was not available, but light rain and light snow were forecast for the area. When he arrived at the office, he printed out the weather on DUAT. The captain’s DUAT weather was obtained at 0452 and indicated that no reports were available at the time for AID. During a telephone interview, the captain said that weather information indicated light rain and freeing precipitation. The first officer concurred with this statement. The captain did not go into great deal with the first officer regarding the weather. The first officer said during a telephone interview that he had also checked the weather. It was the first time that the captain had flown to AID.

The captain stated that while en route from MEM to AID, they checked the AID automated surface observing system (ASOS) 100 nautical miles (nm) out, but were unable to receive it until 30 nm out due to what he called "frequency bleed over." He added that they checked the weather at IND when they were unable to receive the AID weather. He stated that, at 0847 EST, the AID weather reported: wind 060 at 9 knots; ceiling 1,300 feet overcast; visibility 2 1/2 statute miles (sm); light snow; temperature -3 degrees Celsius (C); dew point -3 degrees C; and an altimeter setting of 30.10 inches of mercury (Hg).

At 0858:26 EST, the AID air traffic control tower controller (LC) transmitted, "november six one seven bravo gulf runway three zero or circle to land to your choice wind is a zero five zero to zero seven zero at one zero gust two zero and the altimeter three zero zero niner cleared to land."

At 0858:47 EST, N617BG transmitted, "alright cleared to land and ah alright right now we'll plan three zero please." No No Airplane MU-300 Mitsubishi On Airport/Airstrip EST 0901 46017 IN Anderson NTSB Accident None 03/25/2002 N617BG CHI02FA097This space for binding

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At 0859:02 EST, LC transmitted, "very well have a slight quartering tailwind on the right hand
side."

At 0859:10 EST, LC transmitted, "and the only braking action i have is by a snowplow fair to poor and about a fourth of the runway then plowed down the middle."

At 0859:19 EST, N617BG transmitted, "roger seven bravo gulf."

At 0900:04 EST, N617BG transmitted, "no sir we're off and collapsed a landing gear."

The captain stated the following in a written statement:

"IND approach had vectored us onto the downwind for the ILS, when the ice detection light illuminated. We turned on the remaining anti/de-ice components, and the ice detection light turned off after 1 or 2 minutes. We kept the anti-ice features on. During the vectors onto the approach, we extended flaps to 10 degrees, but the IND approach vectored us through the localizer. We were established prior to intercepting the GS, and lowered the landing gear 1 dot below GS. Just inside the marker flaps 30 degrees was extended, and a stabilized approach commenced.

The tower reported winds 050 at 10 knots and asked if we wanted to do straight in landing or circle to land runway 12. Tower also notified us that the braking action was reported fair to poor by a vehicle. We opted for the straight in since the reported tailwind was minimal, and it appeared that the ceiling and visibility were less than reported. We broke out at 600' AGL and visibility 1 mile in heavy precipitation.

We crossed the runway threshold at 30 feet at Vref (106 KIAS) at which point I closed the power levers. We touched down in a timely manner, without any float. The speed brakes were deployed and the brakes were applied. The FO verified deployment of the speed brakes. The aircraft appeared to be decelerating normal, until approximately the 3,000 foot marker. At that point the aircraft's deceleration slowed down and the aircraft began to skid. It became apparent that we would be unable to stop prior to the end of the runway. As we approached the end of the runway I noticed a drop off at beyond the end of the runway. The visibility was not good enough to determine what was beyond the drop-off. I decided to turn the aircraft to minimize the forward speed after exiting runway and to avoid going down the hill. The aircraft came to rest 30' beyond the departure end to the right of centerline.

We contacted the tower and shut down the aircraft and its systems. We determined that none of the persons on board, including the crew were injured. I noted the time to be 0805 CST.

After exiting the aircraft, I determined that the breaking action was nil, the visibility was approximately 1 mile, the precipitation was a mixture of sleet, snow and ice, and that the ceiling was 600'. Reports received from both the tower controller and the AWOS about weather and airport conditions were not as actually observed by me in flight and after exiting the aircraft. Based on my observations after exiting the aircraft, the airport should have been closed to traffic prior to our arrival due to runway conditions."

The pilot said during an interview that the runway was a sheet of ice with 3/4 of the runway plowed in the center. He did not see any sanding or chemical applicant on the runway.

The first officer stated the following in a written statement:

"The descent took us into icing conditions (as indicated by icing light and visual inspection of the wing). All anti-ice and de-ice was applied. I then observed all ice melt off the wing.

We received poor vectors for the approach-a close downwind to the inbound course and a turn tooThis space for binding

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close to the airport. Controller assigned heading of 300 [degrees] to intercept-this is the inbound course. Because we were vectored so close to the final approach course, out turn to assigned heading took us through the inbound course, and we had to add 30 [degrees] more to re-intercept. Controller then tried to hand us off to Muncie tower. I asked if he meant Anderson tower, and he corrected himself, telling me to contact Anderson tower. We now had flaps 10 [degrees].

At 1 dot below glideslope intercept, gear was extended, ignitions came on, and landing lights came out. At glideslope intercept, 30 [degrees] flaps were applied. Contacting tower, tower advised winds at 050 [degrees] at 10 knots and gusting and gave us the choice of straight-in runway 30 or circle 12. I did not immediately respond so that the captain and I could discuss and decide. We were still mostly IMC, and heavy precipitation limited visibility, so it was clear a circling approach could not be attempted without losing sight of the runway. We decided not to circle, and I advised we would land runway 30. Tower further advised braking action reported fair to poor.

We flew the profile to the runway, decreasing speed to Vref. ...the ALS [airport lighting system] was seen first, followed by the runway about 4 seconds later. I gave standard speed callouts to the runway, finally calling Vref at approximately 20-30 feet on the radar altimeter. The captain quickly and firmly put the airplane on the runway, including the nose wheel, and speed brakes were immediately extended. I would estimate that we landed no more than 800 feet from the end of the

runway.

I sensed an initial deceleration, and I could also tell that the captain was applying brake pressure. However, I could see that we were traveling on an ice-covered runway. and friction for braking became poor to nil near midfield. We both looked at each other with a thought towards go-around, but that was immediately ruled out due to speed of aircraft and position on the runway. As I recall, one or both of us verbalized the decision to stay on the ground. As we passed midfield, I re-verified that speed brakes were extended.

Now the end of the runway was visible. There appeared a distinct drop-off, since nothing could be seen beyond the threshold. Apparently, the captain saw the same thing, and in the last 300-400 feet, pushed hard right rudder to put us sideways. He verbalized his actions for explanation, but I already understood what he was doing. If there had been a hard drop-off, we wouldn't have as much momentum and hopefully wouldn't travel as far. Fortunately, there was not.

I would estimate that we left the end of the runway at 25 mph. Once we came to a stop, the engines were shut down, and any source of spark was turned off. I then turned around to ask the passengers if they were all right. Everyone was fine, and we exited the aircraft with no problem."

PERSONNEL INFORMATION

The captain, age 33, was hired by CFM as a MU-2 captain in August 1998 and became the company's chief pilot for charter operations on April 21, 1999. He was qualified as a company ground and flight instructor on the MU-300 on March 5, 1999 and became a check airman on the MU-300 on May 26, 1999. He also became a company check pilot on April 13, 2000. He was the check airman during the first officer's Airman Competency/Proficiency Check, which was performed on March 27, 2001.

The captain held an airline transport certificate with single-engine land and multi-engine land ratings and an instrument airplane rating. He held a certified flight instructor certificate with single-engine land airplane, multi-engine land airplane, and instrument airplane ratings. He also held MU-300 and BE-400 type ratings. He accumulated a total flight time of 10,500 total hours, of which 1,000 hours were in MU-300 airplanes. He accumulated 700 hours of actual instrument flight time. His airman competency/proficiency check in a Mitsubishi MU-2B-60 turboprop airplane on October 31, 2001. The captain was issued a first class medical certificate on October 4, 2001,
with no restrictions.This space for binding

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The captain had no record of any previous accidents or incidents. The captain received a violation of Federal Aviation Regulation (FAR) 135.340, on June 29, 2000, relating to the initial and transition training and checking of flight instructors. FAR 135.40(a) states: No certificate holder may use a person nor may any person serve as a flight instructor unless -

(1) That person has satisfactorily completed initial or transition flight instructor training; and

(2) Within the preceding 24 calendar months, that person satisfactorily conducts instruction under the observation of an FAA inspector, an operator check airman, or an aircrew designated examiner employed by the operator. The observation check may be accomplished in part or in full in an aircraft, in a flight simulator, or in a flight training device. This paragraph applies after March
19, 1997.

The first officer, age 32, was hired by CFM as a Jetstream first officer on October 23, 2000. He held a commercial certificate with single-engine land, multi-engine land, and instrument airplane ratings. The first officer also held a certified flight instructor certificate with a single engine airplane rating. He accumulated approximately 1,575 total hours, of which 275 hours were in MU-300 airplanes. He also accumulated 69 hours of actual instrument flight time. The first officer was issued a first class medical certificate on May 8, 2001 with a restriction, "must wear lenses for distant -posses glasses for near vision."

The first officer did not have any record of accidents, incidents or violations.

The company's Flight Duty Records for both flight crew members show that they were off duty on March 24, 2002. Entries show that both flight crew members began their duty time at 0430 on the day of the accident.

AIRCRAFT INFORMATION

The airplane, serial number 0675A, was a fixed wing, twin-engine, turbo jet, airplane with a maximum certified gross weight of 15,500 pounds. The MU-300 has 2 flight crew member and 9 passenger seats. The airplane was powered by two Pratt & Whitney JT15D-4Ds rated each at 2,500 lbs of thrust. The airplane was equipped with speed brakes and was not equipped with thrust reversers.

According to the MU-300 Diamond 1 Airplane Flight Manual, "Icing conditions at the destination airport are defined as 8 degrees C or colder temperatures with visible moisture present, whether or not icing has been reported or forecast. Landing weights limits will be predicated on those associated with anti-ice and deice systems operating using the procedures and configuration prescribed.

If ice conditions are encountered during fight, the maximum landing flap is 10 degrees unless one of the following conditions has been met:

1. The icing conditions were encountered for less than 10 minutes, and the Ram Air Temperature (RAT) during the encounter was warmer than -8 degrees C.

or 2. A RAT of +10 degrees C, or warmer, is observed during the descent, approach or landing.

If either of the above two conditions has been met, flaps 30 degrees may be used for landing.

All takeoff and landing performance based upon smooth, dry, hard surfaced runway.

The flight's takeoff and landing distance (TOLD) card listed the landing weight as 12,500 lbs; temperature 1 degree C, elevation 919 feet msl; runway landing length required 2,680 feet; VrefThis space for binding

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106 knots.

METEOROLOGICAL CONDITIONS

An aviation area forecast (FA) is a forecast of general weather conditions over an area the size of several states. It is used to determine forecast en route weather and to interpolate conditions at airports which do not have terminal area forecasts (TAFs) issued. The Chicago FA for central Indiana, issued at 0545 and valid until 1800, indicated: overcast ceiling at 1,000 feet agl, clouds layered to flight level 350, visibility 3-5 sm; light snow and mist; occasional light freezing rain. The outlook was for instrument meteorological conditions due to low ceilings, rain, freezing rain, and mist.

A TAF is a description of the weather conditions expected to occur at an airport and within a 5 nm radius of the runway complex. TAFs are valid for a 24-hour period. Indianapolis International Airport (IND), Indianapolis, Indiana, is located 39.2 nm southwest of AID. The IND TAF issued on March 25, 2002, at 0030, forecast conditions from 0500: wind from 040 degrees at 12 knots; 3 sm visibility; light snow and mist; overcast sky conditions at 800 feet agl. From 0514, the forecast indicated, conditions temporarily becoming: visibility 1 sm; light freezing rain and mist; overcast sky conditions at 400 feet agl. From 0900, the forecast indicated: wind from 040 degrees at 12 knots; 4 sm visibility; light rain and mist; overcast sky conditions at 1,200 feet agl. From 0918, conditions temporarily becoming: 2 sm visibility; light rain and mist; overcast sky conditions at 600 feet agl.

Automated surface observing system (ASOS) sky and ceiling measurements are determined from a sensor every 30 seconds and integrated over a 30 minute sampling period. Prevailing visibility is determined from sensor outputs every 10 second intervals that are used to compute a one minute average. The one minute visibility values are averaged over a 10 minute period to determine the reported visibility.

At 0845, the AID ASOS recorded: wind from 060 degrees at 10 knots gusting to 20 knots; visibility 2 1/2 sm; light snow; overcast sky conditions at 1,300 feet agl; temperature -3 degrees C, dew point: -3 degrees C; altimeter setting 30.10 inches of Hg.

The flight's TOLD card for the landing at AID shows, under ATIS information, the following annotations, "IND ... 5 ... -FZRA BR 012OVC 1/0 ..."

The Delaware County Airport-Johnson Field, Muncie, Indiana, ASOS, located 12.8 nm northeast of AID, recorded freezing rain from 0228-0900 with unknown precipitation recorded at 0711 and 0853. The 0900 ASOS observation remarked that the unknown precipitation ended at 1353 and freezing rain began

at 1354.

A ground witness at AID stated that it had been snowing the night before and throughout the morning prior to the accident. Freezing rain began when a cloud moved in over the area while the airplane was on approach. He added that he could see the airplane on final approach to runway 30.

According to the AID ASOS log book, an annual inspection was performed on September 28, 2001, which
included ceilometer verification. Ceilometer verification checks that the ceilometer is not reporting "missing" and is producing a report consistent with current sky conditions. The log book indicates the ceilometer passed its verification check. A visibility sensor verification was logged as passing its verification check during the annual inspection. A semiannual inspection was performed on March 29, and no discrepancies were logged. According to the AID ASOS maintenance technician, the ASOS self calibrates its ceilometer and visibility sensors and if they are out of calibration, the ASOS would not transmits those values, but instead report them as "missing."

AIRPORT INFORMATIONThis space for binding

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AID has a field elevation of 919 feet msl and is served by runway 12-30 (5,401 feet by 100 feet, grooved asphalt) and runway 18/36 (3,399 feet by 75 feet, asphalt). Runway 30 is equipped with an instrument landing system (ILS) which has straight-in minima of 1,169 feet msl and 1 sm visibility for all categories of aircraft and circling minima of 1,400 feet msl and 1 sm visibility for category B aircraft. The circling visibility minimum is increased to 1 1/2 sm for category C aircraft. The glide slope intercept altitude for the AID ILS 30 approach is 2,543 feet msl near the outer marker, which is located 4.9 nm from the runway threshold. The touchdown elevation for runway 30 is 919 feet msl. The localizer antenna was located 3,404 feet down runway 30.

The Airport/Facility Directory (AFD) lists AID as having limited airport rescue fire fighting index (ARFF Index Ltd.). The airport was not served by an air carrier. According to the AFD's directory legend An airport certified under FARs 139 is required to provide for the collection and dissemination of airport condition information to air carriers through the notices to airman (NOTAM) system and, as appropriate, other systems and procedures acceptable to the Administrator.

AID was attended by airport personnel during its scheduled hours of operation from 0600-2200 as listed in the AFD. Airport personnel arrived at 0600 and began plowing the runways. The airport manager was not present on the day of the accident. The following NOTAMs were issued for AID:

On March 6, 2002, ABN was out of service On March 25, 2002, at 0905, indicating that runway 12-30 was closed, which was later cancelled at

1848. On March 26, 2002, AWOS ceiling unreliable On March 27, 2002, taxiway A and B; patchy thin snow, ice, rain; braking action poor

FLIGHT RECORDERS

Federal Aviation Regulation 135.151(c) states, "In the event of an accident, or occurrence requiring immediate notification of the National Transportation Safety Board which results in termination of the flight, the certificate holder shall keep the recorded information for at least 60 days or, if requested by the Administrator or the Board, for a longer period. Information obtained from the record may be used to assist in determining the cause of accidents or occurrences in connection with investigations. The Administrator does not use the record in any civil penalty
or certificate action."

The airplane was equipped with an Allied Signal model AV-557 Cockpit Voice Recorder (CVR), which had a cockpit bulk erasure control. Readout of the CVR was performed by the National Transportation Safety Board. According to the CVR Group Chairman's Report, the CVR 30 minute recording contained no human voices or air noise consistant with aircraft operation in the air or on the ground. When the recording was played at high speeds, a repetitive thumping noise was heard consistent with a manual erasure of a CVR tape.

WRECKAGE AND IMPACT INFORMATION

The airplane was located approximately 30 feet beyond the departure end of runway 30 and to the right of its centerline. The airplane was facing the departure end of runway 30.

MEDICAL AND PATHOLOGICAL INFORMATION

Breath alcohol test results were negative for both crewmembers.

TESTS AND RESEARCH

During March 2002, CFM operated and managed 1 Learjet 35A, 2 MU-300s, 1 Citation III, 4 BAeThis space for binding

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Jetstream 31s, 1 Bae Jetstream 32, 2 MU-2s, and 1 King Air 200. CFM employed 15 full-time pilots and 4 part-time pilots.

The AFD and United States Department of Transportation instrument approach charts depict runway slope in terms of a percentage value, which was listed for AID as 0.7 percent up towards the southeast for runway 12-30. The flight crew used Jeppesen airport information and Jeppesen instrument approach charts for AID for the flight. Jeppesen instrument approach charts do not depict runway gradient in terms of a percentage value. Jeppesen airport directory information for AID, which was provided to the Safety Board by CFM, showed no runway gradient information. The captain said that he was unaware that runway 30 had a 0.7 percent down slope. The company's copy of the Jeppesen airport directory for AID was provided to the investigator-in-charge (IIC) and it showed no slope for runway 30. Jeppesen was then contacted by the IIC to provide a copy of airport directory that would have been valid for the day of the accident. The Jeppesen copy showed a 0.7 percent slope for runway 30.

FAR 25.1587(b), Performance information, requires each airplane flight manual contain the performance information computed under the applicable provisions of this part for the weights, altitudes, temperatures, wind components, and runway gradients, as applicable, within the operation limits of the airplane. The MU-300 landing field length is based on ambient air temperature, landing weight, wind, runway slope (percent), and anti-skid system on or off. MU-300 landing distance information for slippery runways is provided in the aiplane flight manual for United Kingdom registered aircraft. A copy of slippery runway landing distance information is included in this report.

The elements of the company's approach brief are;

Type approach, runway, course and frequency (ID) Minimum altitudes - MSA, IAF, DH or MDA Altitude calls - 1,000 feet, 500 feet, 100 feet to mins and minimums Missed approach point - timing, distance or altitude Missed approach procedure - initial heading and altitude Speeds - Vref and Vac Flap Setting

According to the company's training manual for the MU-300, the indicated airspeed and flap setting during the procedure turn inbound and prior to the initial approach fix inbound is 140 KIAS and 10 degrees. The indicated airspeed and flap setting from glideslope intercept to the runway threshold is Vref and flaps 30 degrees.

A plot of radar data indicates that the flight's groundspeed was in excess of 200 knots about 4 nm
and full scale localizer deviations from about 10-14 nm and 5.5 nm from the localizer antenna.

A Flight Standards Handbook Bulletin for Air Transportation (HBAT) 98-22, Stabilized Approaches, states: "Principal Operations Inspectors shall ensure that their operator's operations and training manuals contain criteria for the stabilized approach as referenced in FAA Order 8400.10, Air Transportation Operations Inspector's Handbook, volume 4, chapter 2, section 3, paragraph 511.
These manuals shall contain:

(1) Minimum requirements for the stabilized approach and the immediate actions needed to be taken if the stabilized approach conditions are not met (i.e., missed approach or go/around)..."

Review of the company's operations and training manuals indicated that there were no criteria (i.e. airspeed, glide slope, localizer or sink rate tolerances) to define when a missed approach or go around should be performed during visual and instrument approaches.This space for binding

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According to Aerodynamics for Naval Aviators, "The technique necessary for minimum landing distance can be altered to some extent in certain situations. For example, low aspect ratio airplanes with high longitudinal control power can create very high drag at the high speeds immediate to touchdown. If the landing gear configuration or flap or incidence setting precludes a large reduction of [coefficient of lift], the normal force on the braking surfaces and braking friction force capability are relatively small. Thus, in the initial high speed part of the landing roll, maximum deceleration would be obtained by creating the greatest possible aerodynamic roll, maximum deceleration would be obtained by creating the greatest possible amount of drag. By the time the aircraft has slowed to 70 or 80 percent of the touchdown speed, aerodynamic drag decays but braking
action will then be effective..."

"When the runway surface is dry, brush finished concrete, the maximum value for the coefficient of friction for most aircraft tires is on the order of 0.6 to 0.8. ...When the runway has water or ice on the surface, the maximum value for the coefficient of friction is reduced greatly below the value obtained for the dry runway condition. When water is on the surface, the tread design becomes of greater importance to maintain contact between the rubber and the runway and prevent a film of water from lubricating the surfaces. When the rainfall is light, the peak value for friction coefficient is on the order of 0.5. With heavy rainfall it is more likely that sufficient water will stand to form a liquid film between the tire and the runway. In this case, the peak coefficient of friction rarely exceeds 0.3. In some extreme conditions, the tire may simply plane along the water without contact of the runway and the coefficient of friction is much lower than 0.3. Smooth, clear ice on the runway will cause extremely low values for the coefficient of friction. In such a condition, the peak value for the coefficient of friction may be on the order

of 0.2 or 0.15."

"Figure 6.11 shows the reduction in the coefficient of friction for a tire on smooth, clear ice, with the peak coefficient of friction being approximately 0.2. The figure also shows that the coefficient of friction for any set of conditions reduces with a greater percentage of tire slip. "...Thus, once a skid begins, a reduction in friction force and rolling torque must be met with a reduction in braking torque, otherwise the wheel will decelerate and lock. This is an important factor to consider in braking technique because the skidding tire surface on the locked wheel produce considerably less retarding force than when at the incipient skid condition which causes the peak coefficient of friction."

On January 19, 2002, the accident airplane was involved in an incident at DeKalb-Peachtree Airport, Atlanta, Georgia, following an ILS approach. The approach was reported as normal and at Vref speed. The anti-skid system then reacted as if it were hydroplaning. The pilot powered up for a go around, but decided to use maximum braking to stop the aircraft. The airplane stopped short of the localizer antenna, receiving only minor damage to the right brake.

ADDITIONAL INFORMATION

The FAA and CFM were parties to the investigation.National Transportation Safety Board



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Landing Facility/Approach Information

Airport Name

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Runway Surface Condition: Airport ID:

Approach/Arrival Flown:

VFR Approach/Landing:

Aircraft Information

Aircraft Manufacturer

Airworthiness Certificate(s):

Landing Gear Type:

Amateur Built Acft? Number of Seats:

Engine Type:

- Aircraft Inspection Information

Type of Last Inspection

- Emergency Locator Transmitter (ELT) Information

ELT Installed?/Type

Owner/Operator Information

Registered Aircraft Owner

Operator of Aircraft

Operator Does Business As:

- Type of U.S. Certificate(s) Held:

Air Carrier Operating Certificate(s):

Operating Certificate:

Regulation Flight Conducted Under:

Type of Flight Operation Conducted: Operator Certificate: Operator Designator Code: Street Address

City

Street Address

City ELT Aided in Locating Accident Site? Time Since Last Inspection

Hours

Model/Series: Engine Manufacturer:

Date of Last Inspection Model/Series

Certified Max Gross Wt. Number of Engines: LBS Serial Number Airport Elevation

Ft. MSL Runway Used Runway Length Runway Width

Rated Power:

Airframe Total Time

Hours

State Zip Code

State Zip Code No No Yes / Retractable - Tricycle

Non-scheduled; Domestic; Passenger Only Part 135: Air Taxi & Commuter On-demand Air Taxi FJTA 37167 TN Smyrna Smyrna Airport, 625 Fitzhugh Boulevard

CORPORATE FLIGHT MANAGEMENT INC 37167 TN Smyrna 625 Fitzburgh Blv. JMB Aviation LLC 4078.4 2500 LBS JT15D-4D Pratt & Whitney Turbo Fan 2 15500 10 No Transport 0675A MU-300 Mitsubishi None ILS Ice; Snow--compacted Asphalt 100 5401 30 919 AID ANDERSON MUNICIPAL-DARLINGTON Accident 03/25/2002 CHI02FA097This space for binding

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Occurrence Date:

Occurrence Type:

FACTUAL REPORT - AVIATION Page 3 First Pilot Information

Name

Sex: Seat Occupied: City

Occupational Pilot? Certificate Number: State Date of Birth Age

Certificate(s):

Airplane Rating(s):

Rotorcraft/Glider/LTA:

Instrument Rating(s):

Instructor Rating(s):

Current Biennial Flight Review?

Medical Cert. Status:

- Flight Time Matrix Medical Cert.: Date of Last Medical Exam:

Glider Lighter

Than Air Rotorcraft Instrument

Actual Simulated Airplane
Mult-Engine Night Airplane
Single Engine This Make

and Model All A/C

Total Time

Pilot In Command(PIC)

Instructor

Instruction Received

Last 9 0 Days

Last 30 Days

Departure Time Time Zone State Airport Identifier

State Airport Identifier Type of Flight Plan Filed:

Departure Point

Destination Flight Plan/Itinerary

Type of Clearance:

Type of Airspace:

Weather Information

Source of Wx Information :

Class D IFR CST 0700

AID MEM TN

Same as Accident/Incident Location Memphis IFR Yes No Yes Yes 2 2 2 20

5 20 1 75 5 10 80 100 300 3000 1000 50 4000 50 650 1450 6600 2900 950 10000 100 700 1500 7000 3000 1000 10500 10/2001

Valid Medical--no waivers/lim. Class 1 01/2001 Airplane Multi-engine; Airplane Single-engine; Instrument Airplane Airline Transport

Airplane Multi-engine Land; Single-engine Land

None On File Civilian Pilot Left M 33 On File On File On File On File Accident 03/25/2002 CHI02FA097This space for binding

National Transportation Safety Board



### FACTUAL REPORT

AVIATION NTSB ID:

Occurrence Date:

Occurrence Type:

FACTUAL REPORT - AVIATION Page 4 Weather Information

WOF ID Observation Time

Sky/Lowest Cloud Condition: Time Zone WOF Elevation

Ft. MSL WOF Distance From Accident Site

NM

Ft. AGL Condition of Light: Direction From Accident Site

Deg. Mag.

Altimeter: "Hg Visibility: SM

Weather Conditions at Accident Site : Ft. AGL

W ind Gusts : ° C ° C Dew P oint:

Wind Speed : Lowest Ceiling:

Temperature:

Wind Direction :

Visibility (RVR): Ft.

Precip and/or Obscuration :

Accident Information

Aircraft Damage: Visibility (RVV) SM

Aircraft Fire: Aircraft Explosion

- Injury Summary Matrix

First Pilot

Second Pilot

Student Pilot

Check Pilot

Flight Engineer

Cabin Attendants

Other Crew

Passengers

- TOTAL ABOARD -

Other Ground

- GRAND TOTAL - Fatal Serious Minor None TOTAL

Flight Instructor

6 6 6 6 4 4 1 1 1 1 None None Substantial Instrument Conditions

20 10 60 -3 -3 30.10 2.5 1300 Overcast Day

Clear 919 EDT 0845 AID Accident 03/25/2002 CHI02FA097This space for binding

National Transportation Safety Board



### FACTUAL REPORT

AVIATION NTSB ID:

Occurrence Date:

Occurrence Type:

FACTUAL REPORT - AVIATION Page 5 Administrative Information

Investigator-In-Charge (IIC)

Additional Persons Participating in This Accident/Incident Investigation:

Jose O Berrios Federal Aviation Administration Indianapolis, IN

Dwayne A McMurry Corporate Flight Management Smyrna, TN Mitchell F. Gallo Accident 03/25/2002 CHI02FA097National Transportation Safety Board Washington, DC 20594

Brief of

Adopted

Make/Model: Engine Make/Model: Aircraft Damage: Number of Engines: Operating Certificate(s): Fatal Serious Minor/None Crew Pass

Last Depart. Point: Destination: Airport Proximity: Condition of Light: Weather Info Src:

Basic Weather: Lowest Ceiling: Visibility: Wind Dir/Speed: Temperature (°C): Precip/Obscuration:

Pilot-in-Command Age:

Certificate(s)/Rating(s) Flight Time (Hours)

Total All Aircraft: Last 90 Days: Total Make/Model: Total Instrument Time: Printed on : 3/1/2013 11:18:39 AM

Name of Carrier: Type of Flight Operation: Reg. Flight Conducted Under: Part 135: Air Taxi & Commuter

800 1000 80 10500

Airplane Airline Transport; Multi-engine Land; Single-engine Land 33 Ice; Snow--compacted Asphalt 5401 / 100 30 ANDERSON MUNICIPAL-DARLINGTON Airport Name: Runway Identification: Runway Length/Width (Ft):

Runway Surface: Runway Surface Condition:

*** Note: NTSB investigators either traveled in support of this investigation or conducted a significant amount of investigative work without any travel, and used data obtained from various sources to prepare this aircraft accident report. ***

The MU-300 on-demand passenger charter flight sustained substantial damage during a landing overrun on a snow/ice contaminated runway. The captain, who was also the company chief pilot and check airman, was the flying pilot, and the first officer was the non flying pilot. Instrument meteorological conditions prevailed at the time of the accident. Area weather reporting stations reported the presence of freezing rain and snow for a time period beginning several hours before the accident. The captain did not obtain the destination airport weather observation until the flight was approximately 30 nautical miles from the airport. The flight received radar vectors for a instrument landing system approach to runway 30 (5,401 feet by 100 feet, grooved asphalt). The company's training manual states the MU-300's intermediate and final approach speeds as 140 knots indicated airspeed (KIAS) and Vref, respectively. Vref was reported by the flight crew as 106 KIAS. During the approach, the tower controller (LC) gave the option for the flight to circle to land or continue straight in to runway 30. LC advised that the winds were from 050-070 degrees at 10 knots gusting to 20 knots, and runway braking action was reported as fair to poor by a snow plow. Radar data indicates that the airplane had a ground speed in excess of 200 knots between the final approach fix and runway threshold and a full-scale localizer deviation 5.5 nm from the localizer antenna. The company did not have stabilized approach criteria establishing when a missed approach or go-around is to be executed. The captain stated that he was unaware that there was 0.7 percent downslope on runway 30. The company provided a page from their airport directory which did not indicate a slope present for runway 30. The publisher of the airport directory provided a page valid at the time of the accident showing -3 060 / 010 Kts 2.50 SM 1300 Ft. AGL, Overcast Instrument Conditions Weather Observation Facility Day 4 0 0 2

0 0

On Airport/Airstrip Same as Accident/Incident Location Memphis, TN Non-scheduled; Domestic; Passenger Only CORPORATE FLIGHT MANAGEMENT INC On-demand Air Taxi 2 Substantial Pratt & Whitney / JT15D-4D Mitsubishi / MU-300 Time (Local): 09:01 EST Aircraft Reg No. N617BG Anderson, IN 03/25/2002 File No. 14161 CHI02FA097 11/25/2003 AccidentBrief of

Time (Local): 09:01 EST Aircraft Reg No. N617BG Anderson, IN 03/25/2002 File No. 14161 CHI02FA097 Accident (Continued)

a 0.7 percent runway slope. Runway slope is used in the determination of runway performance for transport category aircraft such as the MU-300. The airplane operating manual states that MU-300 landing performance on ice or snow covered runways has not been determined. The airplane was equipped with a cockpit voice recorder with a remote cockpit erasure control. Readout of the cockpit voice recorder indicated a repetitive thumping noise consistent with manual erasure. No notices to airman pertaining to runway conditions were issued by the airport prior to the accident.Brief of

__________________________________________________________________________________________________________________________________________

The National Transportation Safety Board determines the probable cause(s) of this accident to be: Missed approach not executed and flight to a destination alternate not performed by the flight crew. The tail wind and snow/ice covered runway were contributing factors. Accident (Continued)

Occurrence #1: OVERRUN Phase of Operation: LANDING - ROLL

Findings 1. (F) WEATHER CONDITION - TAILWIND 2. (C) MISSED APPROACH - NOT PERFORMED - FLIGHTCREW 3. CONDITION(S)/STEP(S) NOT LISTED - COMPANY/OPERATOR MANAGEMENT 4. (F) WEATHER CONDITION - SNOW 5. (C) FLIGHT TO DESTINATION ALTERNATE - NOT PERFORMED - FLIGHTCREW 6. (F) WEATHER CONDITION - ICING CONDITIONS 7. FLARE - INADEQUATE - FLIGHTCREW 8. PERFORMANCE DATA - INADEQUATE - FLIGHTCREW

Findings Legend: (C) = Cause, (F) = Factor Time (Local): 09:01 EST Aircraft Reg No. N617BG Anderson, IN 03/25/2002 File No. 14161 CHI02FA097

### Exhibit CFM - 900

INSURANCE COVERAGE

Insurance for all aircraft operated by CFM is provided through a "vertical placement" with participation by the following underwriters: Allianz Aviation Managers (20%), Global Aerospace, Inc. (20%), Star Net Insurance Company (20%), Starr Indemnity and Liability Company (20%), and W. Brown and Associates (20%). The present policies commenced on April 1, 2012 and ends on March 31, 2013.

A copy of CFM’s current OST Form 6410 is attached as Exhibit CFM - 901.

Negotiations for renewal of CFM's insurance have been successfully concluded. All of the participating underwriters have agreed to renew at their current level. The new policy will be issued prior to March 31, 2013, and a new OST 6410 will be submitted immediately following the policy renewal.U.S. Department of Transportation

Office of the Secretary

of Transportation AGENCY DISPLAY OF ESTIMATED BURDEN

The public reporting burden for this collection 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: U.S. Department of Transportation, Office of Aviation Analysis, X-56, 400 7th 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.

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

OMB No. 2106-0030 Expires 9-30-07

U.S. AIR CARRIERS- CERTIFICATE OF INSURANCE

POLICIES OF INSURANCE FOR AIRCRAFT ACCIDENT BODILY INJURY

AND PROPERTY DAMAGE LIABILITY

FILING INSTRUCTIONS: File an original of this form with the Federal Aviation Administration, AFS-260, 800 Independence Ave., SW., Washington, D.C. 20591. (See EXCEPTIONS 1 and 2 below.)

EXCEPTION 1: If Block 2B on the reverse is filled in because the insured is a commuter air carrier, file a signed original of this form with the Department of Transportation, Air Carrier Fitness Division, X-56, 400 7th St., SW, Washington,. D.C. 20590.)

EXCEPTION 2: For any insured that is located in the State of Alaska (regardless as to whether Block 2A, 2B, or 2C is filled in), file a signed original of this form with the Federal Aviation Administration, Alaskan Region HQ., AAL-230, 222 W. 7th Ave., #14, Anchorage, Alaska 99513

(Please type information, except signatures.)**THISCERTIFIESTHAT:~~~~~S~e~e~at=ta=c=h~e~d~f~o~r~li~st~o=f~i~ns=u=r~e~rs~a=n~d~p~o~lic~ie~s=·~~~~~~~~~~~~~~~~** (Name of Insurer)

has issued a policy or policies of Aircraft Liability Insurance to CORPORATE FLIGHT MANAGEMENT INC

.:..62-'5_F-'IT-'Z-'H.;.;U:.._G:...cH;.....;.....B=.L V'-'D'-=-S_M_Y_R_NA;.._;.._A

.... IR-'-P-'O-'R-'::T::-S:..cM.c:.Yc....:R..c::N-':-A-:-',--'T-'-N'-=-37'-:-1-::6::-7**-:-:::--:-;;:--:--~-:----,:-:-~-:-:-:-:::-'FAA** Certificate N**umber_F-'J_T_;A_92_0_D~~~~­** (Name, address and FAA Certificate number of Insured U.S. Air Carrier)

effective from April1, 2012 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):

tlll is licensed to issue aircraft insurance policies in the United States;
o is licensed or approved by the government**of--:-:--::--~~~~~~~** to issue 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 "air transportation" as that term is defined in 49 U.S.C. 40102. (Complete applicable section(s) A, B, or C below):

A. U.S. AIR TAXI OPERATORS (EXCLUDING U.S. COMMUTER AIR CARRIERS) WITH PART 298 AUTHORITY ONLY:
The aircraft covered by this policy are SMALL AIRCRAFT (i.e., with 60 or fewer passenger seats or with a maximum payload capacity of 18,000 pounds or less). (Check separate or combined coverage as appropriate):

o Separate Coverages:

PolicvNo. Tvpe of Liability

Bodily Injury Liability (Excluding Passengers)

Passenger Bodily Injury

Property Damage Minimum Limit

Each person

$ 75,000

$ 75,000 Each Occurrence

$300,000

$75,000 x 75% of
total number of

passenger seats installed in aircraft

$100,000

tlll Combined Coverage: This combined coverage is a single limit of liability for each occurrence at least equal to the required
minimums stated above for bodily injury (excluding passengers). property damaged, and passenger bodily injury.

Policy No. See Attached Meets or exceeds the minimum Amount of Coverage requirements of 14CFR Part 205

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

OST Form 6410B. U.S. COMMUTER AIR CARRIERS OR CERTIFICATED AIR CARRIERS OPERATING SMALL AIRCRAFT
The aircraft covered by this policy are SMALL AIRCRAFT (i.e., with 60 or fewer passenger seats or with a maximum payload capacity of 18,000 pounds or less). (Check separate or combined coverage as appropriate):

D Separate Coverages:: Minimum Limit

Policy No. Type of Liability

Combined Bodily Injury (Excluding Passengers other than cargo attendants) and Property Damage Liability

Passenger Bodily Injury Each person

$300,000

$300,000 Each Occurrence

$2,000,000

$300,000 x 75% of total number of
passenger seats installed in aircraft

D Combined Coverage: This combined coverage is a single limit of liability for each occurrence at least equal to the required minimums stated above for bodily injury (excluding passengers), property damaged, and passenger bodily injury.

Policy No. Amount of Coverage

___________ _

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

C. U.S. CERTIFICATED AIR CARRIERS OPERATING LARGE AIRCRAFT
The aircraft covered by this policy are LAR504GE AIRCRAFT (i.e., with more than 60 passenger seats or with a maximum payload capacity of more than 18,000 pounds). (Check separate or combined coverage as appropriate):

D Separate Coverages: Minimum Limit

Policy No. Type of Liability

Combined Bodily Injury (Excluding Passengers other than cargo attendants) and Property Damage Liability

Passenger Bodily Injury Each person

$300,000

$300,000 Each Occurrence

$20,000,000

$300,000 x 75% of total number of
passenger seats installed in aircraft

D Combined Coverage: This combined coverage is a single limit of liability for each occurrence at least equal to the required minimums stated above for bodily injury (excluding passengers), property damaged, and passenger bodily injury.

Policy No. Amount of Coverage

___________ _

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

3. The policy or policies listed in this certificate insure(s) (Check One):

l1ll Operations conducted with all aircraft operated by the insured D Operations conducted with the following types of aircraft: D Operations with the following aircraft: (Use additional page if necessary) Make and Model FAA or Foreign Flag Registration No.

4. Each policy listed in this certificate meets or exceeds the requirements in 14 CFR Part 205.
One or more member companies of Global Aerospace Pool through Global Aerospace, Inc. CHAPPELL, SMITH AND ASSOCIATES, INC. (Name of Insurer) (Name of Broker, if applicable)

ONE SYLVAN WAY 1006 MERYLINGER COURT null (Address) (Address)

PARSIPPANY, NJ 07054 FRANKLIN, TN 37067 (City, State, Zip Code) (City, State, Zip Code)

Jeffrey Bruno THOMAS CHAPPELL
Contact (person who can verify the effectiveness of the coverage) (Officer or authorized representative)

9 7 3-490-8500 /.-=-97:..::3:_-4;-o9:..::0-=-5=-=:6::-35=-:--::::---::-;---:---:--- (Area Code, Phone Number) (Area Code, Fax Number)

# ~ure, if applicable) 800-999-11 09 1___:_61_:_:5:_-4.:_:3:_::5_:-8:..::3-=-30=-------- (Area Code, Phone Number) (Area Code, Fax Number)

(Signature)

March 26, 2012 (Date) (Date)

### Schedule of Insurers

Insurer Policy Number
Allianz Global Risks US Insurance Company through Allianz Global Corporate & Specialty A3GA000504912AM

One or more Member Companies of Global Aerospace Pool through Global Aerospace, Inc

Star Net Insurance Company c/o Berkley Aviation, LLC

Starr Indemnity & Liability c/o Starr Aviation Agency, Inc.

W. Brown & Associates Insurance Services On behalf of Catlin Specialty Insurance Company

Page 3 of3 15000832

BA-12-04-00011

SASICOM60040611-01

NQC4017467 Share Percentage
20%

20%

20%

20%

20%U.S. Department of Transportation

Office of the Secretary of Transportation 

### AGREEMENT Exhibit CFM - 1 000

Docket OST 95-236

The undersigned carriers (hereinafter referred to as "the Carriers") hereby agree as follows:

1. Each of the Carriers shall, effective May 16, 1966, include the following in its conditions of carriage, including tariffs embodying conditions of carriage filed by it with any government:

"The Carrier shall avail itself of the limitation of liability provided in the Convention for the Unification of Certain Rules Relating to International Carriage by Air signed at Warsaw October 12th, 1929, or provided in the said Convention 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 all 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 origin, 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 legal 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 injury of a passenger, avail itself of any defense under Article 20(1) of said Convention or said Convention as amended by said Protocol.

Nothing herein shall be deemed to affect the rights and liabilities of the Carrier with regard to any claim 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 time of delivery of the ticket, furnish to each passenger whose transportation is governed by the Convention, or the Convention as amended by the Hague Protocol, and by the special contract described in paragraph 1, the following notice, which shall be printed in type at least as large as 10 point modern type and in ink contrasting with the stock on (i) each ticket; (ii)

a piece of paper either placed in the ticket envelope with the ticket or attached to the ticket; or (iii) on the ticket envelope:

"ADVICE TO INTERNATIONAL PASSENGER ON LIMITATION OF LIABILITY

Passengers on a journey involving an ultimate destination or a stop in a country other than the country of origin are advised that the provisions of a treaty known as the Warsaw Convention may be applicable to the entire journey, including any portion entirely within the country of origin or destination. For such passengers on a journey to, from, or with an agreed stopping place in the United States of America, the Convention and special contracts of carriage embodied in applicable tariffs provide that the liability of [certain ]* [(name of carrier) and certain other] carriers 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 $75,000 per passenger, and that this liability up to such limit shall not depend on negligence on the part of the carrier. For such passengers traveling by a carrier not a 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 limited in most cases to approximately 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 affected by any limitation of the carrier's liability under the Warsaw Convention 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-23680, adopted May 13, 1966. The Agreement (Agreement 18900) became effective May 16, 1966. On January 1, 1985, this Agreement became the responsibility of the Department of Transportation (DOT) by operation of law.]

4. This Agreement may be signed in any number of counterparts, all of which shall constitute one Agreement. Any Carrier may become a party to this Agreement by signing a counterpart hereof and depositing it with DOT.

5. Any Carrier party hereto may withdraw from this Agreement by giving twelve**(~~· w~itt**  and the other Carriers parties to the Agreement.**~ '77~·-,w**  (Signature and Date) ---------'------=-"""--'-------- *Either alternative may be used.

OST Form 4523 (Formerly CAB Form 263) (Printed Name and Title) 

## A\tef\ 

# W.owdl Chief £')(eeu.,-l-;ve 

# om·Clif

(Name and Address of Carrier)

## ~pora 

## k 17 { / 

# ?PJ**~** :?<1&**ho~** 

# W:u;oaot,**~** 

# eoo.J

### Exhibit CFM - 1100

Emergency Response Procedures

A copy of CFM’s general Emergency Operations Manual is attached as Exhibit CFM - 1101. The requirement for a Family Assistance Plan is satisfied by means of a contract with Fireside Partners LLC, a copy of which is included in the Emergency Operations Manual.

# EMERGENCY

OPERATIONS

MANUAL

All rights reserved. This publication and its contents may not be reproduced, stored in a retrieval system, disseminated or transmitted in any form or by any means (electronic, photocopy, by recording, mechanically or otherwis e) without the prior written permission of Corporate Flight Management, Inc.

Printed in U.S.A. Revision 13
© 2011 Corporate Flight Management, Inc. 19 July 2012BACK OF COVER

### Emergency Operations
Manual Chapter 0 Page: 0

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19 July 12



## RECORD OF REVISIONS

Rev No Issue Date Rev No Issue Date Rev No Issue Date

0 1 Apr 03 15 30

1 22 Jul 03 16 31

2 22 Dec 03 17 32

3 23 Feb 04 18 33

4 13 Apr 05 19 34

5 21 Nov 06 20 35

6 12 Jan 07 21 36

7 6 Aug 08 22 37

8 18 Feb 09 23 38

9 23 May 09 24 39

10 26 Feb 10 25 40

11 01 Nov 10 26 41

12 17 May 11 27 42

13 19 July 12 28 43

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### Manual 19 July 12



## List of Effective Pages

Page No. Dated

Chapter 0 Cover/Record of Revisio ns.......19 July 12

List of Effective Pages

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Chapter 1

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Chapter 2

2

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2

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Chapter 3

3

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3

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3

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Chapter 4

4

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4

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4

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4

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4

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Chapter 5

5

‐ 1 ........................................... 01 Nov 10

5

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5

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Chapter 6

6

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6

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6

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6

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### Emergency Operations List of Effective Pages Page: 0 ‐ 4


### Manual 19 July 12

Page No. ......................................Dated

6

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6

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Chapter 7

7

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### Emergency Operations Table of Contents Page: 0

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Manual 19 July 12



## TABLE OF CONTENTS

CHAPTER 1 ‐ Introduction PAGE

Introduc tion ..................................................................................................................... 1

‐ 1

CHAPTER 2

– Company Emergency Organization

Emergency Organization .................................................................................................. 2

‐ 1 Emergency Operations Center......................................................................................... 2

‐ 1

Director of Operations Determinat ion ............................................................................ 2

‐ 1 Headquarters Emerg ency Operations Center ................................................................. 2

‐ 1 Emergency Operations Center Staff ................................................................................ 2

‐ 2 Management Team .......................................................................................................... 2

‐ 2 Employee Eme rgency Prepared ness ............................................................................... 2

‐ 2
Annual Exer cise of Emergency Procedur es ..................................................................... 2

‐ 2

CHAPTER 3

– Emergency Notification

Initial Emerg ency Notification ......................................................................................... 3

‐ 1 Headquarters Emerg ency Notification Phone Tree......................................................... 3

‐ 1

TSA Admin Office of Intelligen ce (Immediate Notificati on) ............................................ 3

‐ 3 Emergency Notification

– Military ................................................................................... 3

‐ 3 Emergency Contact Numbers

– Frequently Used Airfield s ............................................. 3

‐ 4 Atlanta, GA (ATL) .................................................................................................. 3

‐ 5
Austin TX (AUS) .................................................................................................... 3

‐ 6 Branson, MO(BBG) ............................................................................................... 3

‐ 7 Dallas, TX (RBD) .................................................................................................... 3

‐ 8 Danbury, CT (DXR) ................................................................................................ 3

‐ 9 Jackson, TN (MKL) .............................................................................................. 3

‐ 10 Knoxville, TN (TYS) ............................................................................................. 3

‐ 11 Millington, TN (NQA) .......................................................................................... 3

‐ 12 Nashville, TN (BNA) ............................................................................................ 3

‐ 13 Nashville, TN (JWN) ............................................................................................ 3

‐ 14 (Atlanta) Paulding Dallas, Georgia (PUJ)............................................................ 3

‐ 15

Sioux City, IA (SUX) ............................................................................................. 3

‐ 15 Smyrna, TN (MQY) ............................................................................................. 3

‐ 16

Union City, TN (UCY) .......................................................................................... 3

‐ 17
White Plains, NY (HPN) ...................................................................................... 3

‐ 18

### Emergency Operations Table of Contents Page: 0

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Manual 19 July 12

CHAPTER 4

– Emergency Procedures

Emergency Response Partner Notification (Firesid e)...................................................... 4

‐ 1

NTSB Emergency Notification.......................................................................................... 4

‐ 1 Emergency Operatio ns..................................................................................................... 4

‐ 2 Accident, Incident, Emergency Procedures and Responsibilities (NTSB)........................ 4

‐ 2
Definitions (NTSB 830) ..................................................................................................... 4

‐ 2

NTSB Immediate Notification (NTSB 830 .5) .................................................................... 4

‐ 3 Required Information (NTSB 830.6)................................................................................. 4

‐ 5
Preservation of Aircraft Wreckage, Mail, Cargo and Records (NTSB 830.10) ................. 4

‐ 5

NTSB Offices ..................................................................................................................... 4

‐ 6
Record s ............................................................................................................................ 4

‐ 6

Maintenance Records .......................................................................................... 4

‐ 6 Flight Crew ........................................................................................................... 4

‐ 7 Drug and Alcohol Testing................................................................................................. 4

‐ 7 Family Assistan ce ............................................................................................................. 4

‐ 8

CHAPTER 5

– Bomb/Sabotage Threats

Authenticity of Threat

...................................................................................................... 5

‐ 1
Bomb Threat Guidelin es .................................................................................................. 5

‐ 1 Establishing Floor Leaders ................................................................................... 5

‐ 2
The Threat

............................................................................................................ 5

‐ 3

Evacuation Decision ............................................................................................. 5

‐ 3
The Search

............................................................................................................ 5

‐ 4

Evacuation Implementa tion ................................................................................. 5

‐ 5
Evacuation of handicapped persons .................................................................... 5

‐ 5 Returning to Building after Evacuation................................................................ 5

‐ 5
Bomb Threat Checklis t ......................................................................................... 5

‐ 7
Threat Response .............................................................................................................. 5

‐ 9
Aircraft Inspection Procedur es ...................................................................................... 5

‐ 10
Aircraft Security Inspection Procedur es ........................................................................ 5

‐ 13
Aircraft Security Inspection Checklist ............................................................................ 5

‐ 14 Facility Secu rity Inspection Procedur es ......................................................................... 5

‐ 16

### Emergency Operations Table of Contents Page: 0

‐ 7
Manual 19 July 12

CHAPTER 6

– Forms

Aircraft Accident / Incident Reporting Form ................................................................... 6

‐ 2 Emergency Event Log ....................................................................................................... 6

‐ 3
Bomb Threat Checklis t ..................................................................................................... 6

‐ 4
Bomb Infor mation............................................................................................................ 6

‐ 5

Over

‐ Due Aircraft Checklist ............................................................................................. 6

‐ 6

CHAPTER 7

– Disasters
Tornado........................................................................................................................

.... 7

‐ 1

Fire ...........................................................................................................................

........ 7

‐ 1 Designated Assembly Areas ............................................................................................. 7

‐ 2

TAB 2

– 1 st 

### First Responder’s Checklists

EOC Manager’s Checklist .................................................................................................... 1 Dispatch Checklis t ............................................................................................................... 3
Administrative Support Checklist ....................................................................................... 5 Department Management Checklis t................................................................................... 7
Maintenance Checklis t ........................................................................................................ 9 Emergency Event Log ........................................................................................................ 10

TAB 3

– Partial Service Agreement Fireside Partners

‐ Emergency Response Partner

TAB 4

– Media and Public Responses Request of Information about Accident/Incident

### Emergency Operations Table of Contents Page: 0

‐ 8
Manual 19 July 12

RESERVED

### Emergency Operations
Manual Chapter 1 Page: 1

‐ 1

17 May 11



## CHAPTER 1

INTRODUCTION

Corporate Flight Management has created this Emergency Operations Manual as a tool for
immediate action in the unlikely event of an emergency or incident. It contains a Management
Phone tree list, informational forms to be completed in the event of an emergency, an Event/Phone log, and procedures for handling calls from families and the media.

It is important that you familiarize yourself with its contents, how to use it, and what to do in
the event of an emergency.

Each revision to the Emergency Operations Manual will be distributed with a new Cover Page,
Record of Revisions, and a summary of the major changes in the content of the manual. Upon receipt, the holder of the Emergency Operations Manual should review the changes with all
affected personnel, post the revision and return the revision receipt to the Director of Safety.

Any questions or suggestions regarding updates of this manual should be directed to the

Director of Safety or the Director of Operations.

### Emergency Operations
Manual Chapter 1 Page: 1

‐ 2

17 May 11

RESERVED

### Emergency Operations Chapter 2 Page: 2

‐ 1
Manual 19 July 12



## CHAPTER 2

COMPANY EMERGENCY ORGANIZATION

EMERGENCY ORGANIZATION During a major emergency impacting company operations, the Emergency Operations

Center (EOC) is activated to allow direct headquarters management of the emergency situation without hampering normal operations. The Director of Operations will be designated as the Emergency Operations Center Director and is responsible for the
overall direction of the emergency effort, including operation of the EOC, Emergency Response Partner notification (Fireside Associates), deployment of a Management Team

to the accident site and coordination of on

‐ scene activities through (Fireside Associates),
local authorities or the Management Team Leader.

EMERGENCY OPERATIONS CENTER
The Charter office is the Emergency Operations Center (EOC) for the company. As such they will be immediately notified of all major emergency situations affecting company aircraft, passengers, personnel or facilities. This centralized notification and control permits around the clock response, consistent application of company emergency procedures, and rapid communication with all parties involved. Charter personnel will immediately notify the Director of Operations when an emergency is declared concerning an aircraft, a situation is such that a major emergency is most likely to occur

or Charter is uncertain whether or not a situation requires emergency notification. The

Director of Operations evaluates the nature and scope of the emergency reported, and
directs the appropriate action be taken.

DIRECTOR OF OPERATIONS DETERMINATION Upon notification by Charter personnel, the Director of Operations will determine which
of the following actions, if any, are warranted based on the nature and scope of the

emergency situation.

1. Standby alert or immediate recall of the Emergency Operations Center staff.

2. Partial or full

‐ scale activation of the Emergency Operations Center.

3. Partial or full

‐ scale recall of headquarters personnel.

4. Activation/deployment of the designated Management Team.

HEADQUARTERS EMERGENCY OPERATIONS CENTER
This center may be activated on a partial or full

‐ scale basis depending on the nature and

extent of an emergency impacting company operations. The company Director of Operations or the Chief Executive Officer may direct the Centers activation.

### Emergency Operations Chapter 2 Page: 2

‐ 2
Manual 19 July 12

Emergency Operations Center is located at:

Corporate Flight Management, Inc.

Charter Office Conference Room

278 Doug Warpoole Rd., Suite 307 Smyrna, Tennessee 37167

EMERGENCY OPERATIONS CENTER STAFF

DUTY POSITION PRIMARY ALTERNATE

EOC Director Dwayne McMurry Leon Custers

Maintenance Key Responder Allen Peralta Mike Cypcar
Charter Office Key Responder Christie Allen Ed Galloway Safety Office Key Responder Ron Barnum David S. Svare
Chief Pilot’s Office Key Responder Jack Hart Troy Denson Management Team Leader David Augustin Doug Cate
Administrative Support David S. Svare Lisa Pendley Corporate Communications James A. Howell Leon Custers

Human Resources Support Betty Holt Penny Morrow

MANAGEMENT TEAM
The Management Team, if deployed, is made up of various area specialist determined by the EOC Director that may be deployed to the actual site of the emergency to direct

on

‐ scene activities. The Management Team leader directs all company related activities

at the emergency location in coordination with Fireside Associates. Individuals will be assigned to the Management Team as required by the nature and scope of the

emergency.

EMPLOYEE EMERGENCY PREPAREDNESS
All company personnel should be briefed periodically by their managers on the company’s overall emergency plan and the general contents of this Manual.

Personnel who are specifically assigned emergency duties are responsible for assuring they fully understand such duties and are properly prepared to respond in a given

emergency situation. Such personnel must be thoroughly familiar with their emergency duties as detailed in this and other CFM publications.

ANNUAL EXERCISE OF EMERGENCY PROCEDURES Corporate Flight Management’s Emergency Operations Center staff will conduct a “table top” exercise of the emergency procedures contained in this manual on an annual basis.

### Emergency Operations Chapter 3 Page: 3

‐ 1
Manual 17 May 11



## CHAPTER 3

EMERGENCY NOTIFICATION

INITIAL EMERGENCY NOTIFICATIONS
Charter office personnel, FBO personnel, Maintenance Manager or any other individual
that becomes aware of an unusual or possible emergency situation will notify the

Director of Operations (EOC Director). If directed to do so by the Director of Operations,
Charter office personnel will notify the following personnel that an emergency situation

exists and that they are to report to the EOC immediately.

HEADQUARTERS EMERGENCY NOTIFICATION PHONE TREE (phone numbers are for official use only and will not be released)

In the event of an aircraft accident/incident or any other emergency situation, activate
the Management Notification Phone Tree in the following order ( Regardless of time, day/night ):

Dwayne McMurry EOC Director Office ............. 220

‐ 1761

Home

............. 896

‐ 4344
Cell

...... 615

‐ 308

‐ 4861

Allen Howell Corp. Comm Office ............. 220

‐ 1761

Home

....................... NA
Cell

...... 615

‐ 804

‐ 6740

David Augustin Mgmt. Team Leader Office ............. 220

‐ 2957

Home

............. 890

‐ 8477
Cell

...... 615

‐ 948

‐ 1735

Jack Hart Chief Pilot Office Office

............. 768

‐ 4046

Home

............. 893

‐ 5103
Cell

...... 615

‐ 631

‐ 4133

Allen Peralta Maintenance Office ............. 534

‐ 4553
Cell

...... 615

‐ 585

‐ 8262

Ron Barnum Safety Office Office ............. 534

‐ 4573
Cell

...... 615

‐ 692

‐ 2573

(continued next page)

### Emergency Operations Chapter 3 Page: 3

‐ 2
Manual 19 July 12

Christie Allen Charter Office Office ............. 220

‐ 1761
Cell

...... 770

‐ 490

‐ 7645

David Svare Admin Support Office ............. 534

‐ 1941

Home

............. 212

‐ 7043
Cell

...... 615

‐ 812

‐ 0303

Leon Custers EOC (Alt) /Corp Comm(Alt) Office ............. 534

‐ 4550
Cell

...... 615

‐ 351

‐ 3837

Doug Cate Mgmt. Team (Alt) Office ............. 534

‐ 4540

Home

............. 896

‐ 6135
Cell

...... 615

‐ 427

‐ 9898

Mike Cypcar Maintenance (ALT) Office ......615

‐ 534

‐ 4551

Home

...... 931

‐ 761

‐ 3904
Cell

...... 931

‐ 224

‐ 3217

Ed Galloway Charter Office (Alt) Office ............. 220

‐ 1761
Cell ......615

‐ 495

‐ 1051

Home ......615

‐ 292

‐ 2081

Troy Denson Chief Pilot Office (Alt) Office

............. 768

‐ 4046

Home

............. 848

‐ 6986
Cell

...... 615

‐ 579

‐ 3295

Lisa Pendley Admin Support (Alt) Office ............. 534

‐ 8640
Cell ......270

‐ 535

‐ 3030

Home

..... 615

‐ 953

‐ 2613

Betty Holt HR Support Office ............. 534

‐ 4547
Cell

...... 615

‐ 948

‐ 2574

Penny Morrow HR Support (Alt) Office ............. 534

‐ 4541
Cell ......615

‐ 713

‐ 8865

Home

..... 615

‐ 494

‐ 0311

### Emergency Operations Chapter 3 Page: 3

‐ 3
Manual 01 Nov 10

TRANSPORTATION SECURITY ADMINISTRATION OFFICE OF INTELLIGENCE
The Transportation Security Administration (TSA) Office of Intelligence will be immediately notified via telephone (703

‐ 601

‐ 5300) if any of the following situations/incidents occur:

• If a prospective passenger’s name appears on the most recent TSA issued “No

‐ Fly”
list. The individual will be denied boarding pending clearance from the TSA.

• Whenever an individual is denied boarding because he or she has made a threat, or is determined to be a threat to the aircraft.

• When a suspect item is found aboard an aircraft.

• When any indication of tampering with or unauthorized access to an aircraft is
discovered and the situation is determined to be a grave and imminent threat.

• All bomb threats not directed at a specific aircraft or a specific ground facility must
be reported within 72 hours.

• Bomb threat against a specific aircraft

– inform the TSA Office of Intelligence upon receipt of a specific threat. After completion of a security inspection of the aircraft,
inform the TSA Office of Intelligence of the inspection results.

• Bomb threat against a specific ground facility

– inform the TSA Office of Intelligence

upon receipt of a specific threat. After completion of a security inspection of the ground facility, inform the TSA Office of Intelligence of the inspection results.

• Any actual or suspected act of air piracy against an aircraft.

• Any other situation that could affect United States civil aviation.

EMERGENCY NOTIFICATION

– MILITARY

All Certificate Operations
When a DOD approved air carrier is involved in an accident or incident (see below note)
whether on a DOD mission or not, the carrier will notify HQ AMC/A3B, Scott AFB IL at (618) 229

‐ 4801 or 4343. Accident information should be provided within the next
business day by the most expeditious mans available. Fatal or otherwise serious
accident information is forwarded to the Commercial Airlift Review Board (CARB) for

review IAW public law. The following information is required for all accident reports:

### Emergency Operations Chapter 3 Page: 3

‐ 4
Manual 01 Nov 10

1) Carrier and mission number. 2) Aircraft type and number. 3) Date and time of the accident. 4) Last point of departure and point of intended landing of the aircraft. 5) Nature of the accident and the extent of damage to the aircraft so far as is
known. 6) Total number of souls (crewmembers & passengers) on board. 7) Number of injured and fatalities aboard the aircraft. 8) Condition of baggage or government

‐ owned material, if any, on board.

NOTE
Accidents and incidents are defined in 49 CFR, Part 830. Incidents that occur on military charters must be reported in accordance with the following instructions.

Since the classification of events can change between the accident and incident
definition as additional facts are learned, carriers are asked to keep HQ AMC/A3B
informed of all mishaps that occur on certificate operations, which have the potential to fall into the accident realm.

Military Charter Missions
When an air carrier is involved in an accident or incident (see above note) in conduct of

a military charter mission, the air carrier will transmit the above report information, by
the most expeditious means available, to the 618th Tanker airlift Control Center (618 TACC) Emergency Action Cell at Scott AFB IL, (618) 229

‐ 0360.

Within the next business day, notification must also be made to both, the
Administrative Contracting Officer, USTRANSCOM, Scott AFB IL, (618) 220

‐ 6413, and to HQ AMC/A3B at (618) 229

‐ 4801 or 4343.

EMERGENCY CONTACT NUMBERS

– FREQUENTLY USED AIRFIELDS
The TSA Twelve

‐ Five Security Program requires Corporate Flight Management to
maintain liaison with frequently used airfields. The following pages contain useful
information on the most frequently used airfields and also lists contact numbers should

an accident/incident occur at or near these locations

### Emergency Operations Chapter 3 Page: 3

‐ 5
Manual 17 May 11

ATLANTA, GA (ATL)
Atlanta Hartsfield International Airport

P.O. Box 45238 AMF

Atlanta, GA 30320

General Manager Office....................................................................................................(404) 530

‐ 6600 Fax ........................................................................................................(404) 530

‐ 6635

Director of Security Office....................................................................................................(404) 530

‐ 6667 Emergency............................................................................................(404) 530

‐ 2150 Fax ........................................................................................................(404) 305

‐ 2424

Fire/Resc ue ..........................................................................................(404) 530

‐ 6666

City of Atlan ta Police

– Airport Office..................................................(404) 530

‐ 6666

FBI Local Off ice.....................................................................................(404) 679

‐ 9000

FAA Control Tower ...............................................................................(404) 669

‐ 1233

24 Hour Emergency Phone ..................................................................(404) 530

‐ 1240

TSA Federal Security Director (FSD).....................................................(404) 305

‐ 7170

*Area Hospitals

Grady Memorial Hospital Emergency Medical Departme nt.........................................................(404) 616

‐ 6200

Trauma Unit .........................................................................................(404) 616

‐ 6431

Burn Unit ..............................................................................................(404) 616

‐ 3714

South Fulton Medical Center

Main Phone ..........................................................................................(404) 305

‐ 3500 Emergency Room .................................................................................(404) 305

‐ 4200

*The hospital used would depend on the size of the incident and the type of injuries.
The worst cases would go to Grady which is 10 minutes north of the airport. Lesser injuries would go to South Fulton which is 5 minutes north of the airport of Southern Regional which is 10 minutes south of the airport.

### Emergency Operations Chapter 3 Page: 3

‐ 6
Manual 17 May 11

AUSTIN, TX (AUS)

Austin Bergstrom International

3600 Presidential Blvd
Austin TX 78767

Airport Operations Control Center Fire Police Security ........................512

‐ 530

‐ 7550 (Monitored 24 hours a day 365 days a year)

Tower Continuous Operation ................................................................512

‐ 369

‐ 7841

### Emergency Operations Chapter 3 Page: 3

‐ 7
Manual 17 May 11

BRANSON, MO (BBG)

Branson Airport

4000 Branson Airport Blvd
Hollister MO 65672

Airport Manager ....................................................................................417

‐ 334

‐ 7813

Tower Operational (0700

‐ 2100 L ocal)...................................................417

‐ 339

‐ 7361

Emergency Operations Center Fire Police Security ...............................417

‐ 334

‐ 8002 (Monitored 24 Hours A Day 365)

### Emergency Operations Chapter 3 Page: 3

‐ 8
Manual 17 May 11

DALLAS, TX (RBD)
Dallas Executive Airport

5303 Challenger Drive Lb 17 Dallas, Texas 75237

Airport Manager Normal Hours.............................................................214

‐ 670

‐ 7612

Airport Manager After Hours.................................................................214

‐ 670

‐ 6156 (Rings 24 hour Operations Center at Love Field)

Operations (Rick Ellis ) ............................................................................214

‐ 671

‐ 1295

Fire Station #49 Located Closest to F ield...............................................214

‐ 670

‐ 1937

Ambulance .............................................................................................214

‐ 623

‐ 8800

Tower (Operational 0700

‐ 2100 L ocal)...................................................214

‐ 330

‐ 2201

### Emergency Operations Chapter 3 Page: 3

‐ 9
Manual 17 May 11

DANBURY, CT (DXR)
Danville Municipal Airport

1 Wibling Road Danbury, Connecticut 06810

Airport Adm inistrator (Paul Esteta n).....................................................203

‐ 797

‐ 4624

Tower (Operational 0700

‐ 2200 Lo cal Time)..........................................203

‐ 748

‐ 6375

Police Departme nt .................................................................................203

‐ 797

‐ 4614

Fire Department .....................................................................................203

‐ 796

‐ 1550

### Emergency Operations Chapter 3 Page: 3

‐ 10
Manual 17 May 11

JACKSON, TN (MKL)
McKeller

‐ Sipes Regional Airport

308 Grandy Montgomery Drive Jackson, Tennessee 38301

Admin Office ..........................................................................................731

‐ 423

‐ 0995
Admin Fax ..............................................................................................731

‐ 423

‐ 0997

Tower (Operational 0700

‐ 1900 L ocal)...................................................731

‐ 425

‐ 9313 City of Jacks on Police .............................................................................731

‐ 425

‐ 8400 City of Jacks on Fire.................................................................................731

‐ 425

‐ 8350
Madison County Sheriff s Departme nt...................................................731

‐ 423

‐ 6000

TSA Federal Security Director (FSD).......................................................901

‐ 544

‐ 3167

### Emergency Operations Chapter 3 Page: 3

‐ 11
Manual 19 July 12

KNOXVILLE, TN (TYS)

McGEE Tyson Airport

2055 Alcoa Highway Alcoa, Tennessee 37701

Administration

Tower .....................................................................................................865

‐ 910

‐ 3025

24 Hour Emergency Number .................................................................865

‐ 342

‐ 3088
Office

...................................................................................................... 865

‐ 342

‐ 3000

Fax ..........................................................................................................865

‐ 342

‐ 3050

Airport Director of Operations ...............................................................865

‐ 342

‐ 3040

Department of Safety
General Number ....................................................................................865

‐ 342

‐ 3088

Fax Number ............................................................................................865

‐ 977

‐ 9320

FBI Field Office .......................................................................................865

‐ 544

‐ 0751

Public/Media Relation s ..........................................................................865

‐ 342

‐ 3014

TSA Federal Security Director (FSD).......................................................865

‐ 342

‐ 3361

### Emergency Operations Chapter 3 Page: 3

‐ 12
Manual 17 May 11

Millington, TN (NQA)

8182 Hornet Avenue Millington, TN 38053

Airport Authority
Admin Office ..........................................................................................901

‐ 873

‐ 5792

Fax ..........................................................................................................901

‐ 873

‐ 5795

Tower

.................................................................................................... 901

‐ 872

‐ 7322 (Operational 0900

‐ 0200 MON; 0530

‐ 0200 TUE

‐ FRI; 0530

‐ 1900 SAT

‐ SUN)



### Fire Department .....................................................................................901

‐ 872

‐ 7851

Police Dispatch Emergency..............................................................................................901

‐ 872

‐ 3333
Admin Office ..........................................................................................901

‐ 873

‐ 3340

### Emergency Operations Chapter 3 Page: 3

‐ 13
Manual 17 May 11

Nashville, TN (BNA)
Nashville International Airport

1 Terminal Drive, Suite 501 Nashville, TN 37214

Airport Authority
Admin Office ..........................................................................................615

‐ 275

‐ 1600

Fax ..........................................................................................................615

‐ 275

‐ 1575

Tower (Continuo us) ...............................................................................615

‐ 275

‐ 1797

Airport Police ............................................................................... 615

‐ 275

‐ 1703/1704

Security Office ........................................................................................615

‐ 275

‐ 1703

TSA Federal Security Director (FSD)
Office:..................................................................................615

‐ 354

‐ 6700/6740/6741

### Emergency Operations Chapter 3 Page: 3

‐ 14
Manual 17 May 11

NASHVILLE, TN (JWN)

110 Tune Airport Drive

Nashville, TN 37209

Front Count er.........................................................................................615

‐ 350

‐ 5000

Nashville Airport Police (BNA Ops Will Dispatch)..................................615

‐ 275

‐ 1704

### Emergency Operations Chapter 3 Page: 3

‐ 15
Manual 19 July 12

PAULDING DALLAS, GA (PUJ) Paulding Northwest Atlanta Airport

730 Airport Parkway Dallas, Georgia 30157

Airport Director ......................................................................................770

‐ 505

‐ 7700

Police/Sher iff ..........................................................................................770

‐ 443

‐ 3010

Fire Rescue

........................................................................................... 770

‐ 222

‐ 1160

Paulding Memorial Hospital ..................................................................770

‐ 443

‐ 7042

SIOUX CITY, IA (SUX)

Sioux Gateway Airport/Col. Bud Day Field
Sioux City, Iowa

Control Tow er (0600

‐ 2130) ...................................................................712

‐ 277

‐ 3579 Approach/Departure Service Provided By Minneapolis ARTCC When Sioux City Approach

is closed.

Sioux Gateway Airport Authority...........................................................712

‐ 279

‐ 6165

### Emergency Operations Chapter 3 Page: 3

‐ 16
Manual 17 May 11

SMYRNA, TN (MQY) Smyrna/Rutherford County Airport

278 Doug Warpoole Road Smyrna, Tennessee 37167

Smyrna Airport Manager Office....................................................................................................(615) 459

‐ 2651 Fax ........................................................................................................(615) 459

‐ 1030

Airport Secu rity ............................................................................................ 943

‐ 8398

Air Traffic Control T ower .............................................................................. 355

‐ 9610

LaVergne Police Department ...............................................................911 / 793

‐ 6644

LaVergne Fire Departme nt...................................................................911 / 793

‐ 6222

LaVergne Rescue Squad .......................................................................911 / 793

‐ 6022

Rutherford County Civil Defense Unit (Radiological Monitoring) ................ 741

‐ 5181

Rutherford County Sheriff’s Departme nt ............................................911 / 898

‐ 7770

Rutherford County Rescue Squad ................................................................. 355

‐ 3221

Smyrna Police Department ..................................................................911 / 459

‐ 6644

Smyrna Fire Departme nt .....................................................................911 / 459

‐ 6644

Smyrna Re scue Squad..........................................................................911 / 459

‐ 4436

Smyrna Emerge ncy Medical Center.............................................................. 459

‐ 8771

Vanderbuilt Lifeflight Helicopter .................................................................. 322

‐ 3211

### Emergency Operations Chapter 3 Page: 3

‐ 17
Manual 17 May 11

UNION CITY, TN (UCY)

Everett

‐ Stewart Airport

Union City, TN 38261

Airport Manager ....................................................................................731

‐ 885

‐ 1221

Police......................................................................................................731

‐ 885

‐ 1515

Fire .........................................................................................................731

‐ 885

‐ 2232

### Emergency Operations Chapter 3 Page: 3

‐ 18
Manual 17 May 11

WHITE PLAINS, NY (HPN)
Westchester County Airport

240 Airport Road
White Plains, New York 10604

Airport Ops Emerg ency Number Fire Police..........................................914

‐ 995

‐ 4850 (Monitored 24 hours 365 days)



### Tower (Operations 0600

‐ 2300 Local Time) ..................................................................Emergency Operations Chapter 4 Page: 4-1 Manual 19 July 12



## CHAPTER 4

EMERGENCY PROCEDURES
Aircraft Accident / Incident

EMERGENCY RESPONSE PARTNER NOTIFICATION

Upon activation of the Emergency Response Plan related to an aircraft incident or accident

, contact CFM’s emergency

response partner:

Fireside Partners

302

‐ 295

‐ 3082 24/7 Emergency Operations Center

Fireside Partners is contracted by CFM and specifically trained to provide the following

emergency response services, as requested:

• Advance Team

• On

‐ site Investigative Consultation

• Media Monitoring

• Inbound Call Volume Support

• Coordination Services

o Federal response agencies

o Industry contacts

• Emergency Contact Notification

• Family Assistance Services

• Post Event Emotional Response and Support

NTSB EMERGENCY NOTIFICATION Upon activation of the Emergency Response Plan related to an aircraft incident or accident, notify the NTSB 24 Hour Communications Center at 1

‐ 202

‐ 314

‐ 6290

, as soon

as practical. Obtain the contact information for nearest NTSB Field Office and contact

as required by NTSB 830 regulations.

1. If physically able, the PIC shall notify the Director of Operations or his designee
of an accident or incident. The Director of Operations will assemble the Corporate Flight Management Emergency Operations Center staff (if required) and, as soon as practicable, notify the NTSB.Emergency Operations Chapter 4 Page: 4-2 Manual 19 July 12



### 2. If the PIC cannot immediately contact the Director of Operations or his designee,
the PIC will as soon as practicable notify the NTSB. The PIC will inform the

Director of Operations or his designee of that contact as soon as practical.

EMERGENCY OPERATIONS
If an emergency situation involving the safety of persons or property that requires
immediate decisions and actions, the pilot in command or other management personnel

may deviate from prescribed operations procedures, weather minimums, FAR’s, the

company Operations Manual or any other company publication, etc. to the extent

necessary to meet that emergency. The PIC or personnel working the emergency shall keep the appropriate ground facilities fully informed when the emergency involves an airplane in flight.

If anyone exercises the above deviation authority; they shall report the deviation verbally to the Director of Operations as soon as practicable describing the reason for
the deviation. A follow

‐ up written report must be submitted within 24 hours. The

Director of Operations shall investigate and submit a written report to the Flight
Standards District Office within 10 working days (if required).

ACCIDENT, INCIDENT, EMERGENCY PROCEDURES AND RESPONSIBILITIES (NTSB 830)
The procedures outlined here are a summary of the procedures to be followed should

company aircraft or property be involved in an accident, incident or other emergency situation. The actions of all concerned CFM personnel must be guided by the following:

• Provide care for passengers and family members of passengers

• Comply with the mandatory requirements of the National Transportation Safety
Board (NTSB)

• Avoid publicity. Refer the press to the EOC Director or his designee

DEFINITIONS (NTSB 830):

Aircraft Accident

– An occurrence associated with the operation of an aircraft which
takes place between the time any person boards the aircraft with the intention of flight
and all such persons have disembarked and in which any person suffers death or serious injury, or in which the aircraft receives substantial damage. For purposes of this part,
the definition of “aircraft accident” includes “unmanned aircraft accident,” as defined
herein

.



### Fatal Injury

– Any injury which results in death within 30 days of the accident.

Incident

– An occurrence other than an accident associated with the operation of an aircraft, which affects or could affect the safety of operations.Emergency Operations Chapter 4 Page: 4-3 Manual 01 Nov 10



### Serious Injury

– Any Injury that requires hospitalization for more than 48 hours, commencing within 7 days from the date of injury and results in the following:

• Fracture of any bone (except simple fractures of fingers, toes or nose.

• Severe hemorrhages, nerve, muscle or tendon damage.

• Involves any internal organ

• Involves second or third degree burs, or any burns affecting more than 5% of the body surface.

Substantial Damage

– Damage or failure which adversely affects the structural strength, performance, or flight characteristics of the aircraft and which would normally require major repair or replacement of the affected component. Engine failure or damage
limited to an engine if only one engine fails or is damaged, bent fairings or cowling,
dented skin, small punctured holes in the skin or fabric, ground damage to rotor or propeller blades, and damage to landing gear, wheels, tires, flaps, engine accessories, brakes, or wingtips are not considered “substantial damage” for the purpose of this
part.

NTSB IMMEDIATE NOTIFICATION (NTSB 830.5):
The nearest NTSB field office shall be notified as soon as practicable by the Director of Operations or the Director of Maintenance when:

a. An aircraft accident or any of the following incidents occur;

• Flight control system failure or malfunction.

• Inability of any required crewmember to perform required duties in flight as

a result of injury or illness.

• Failure of any internal turbine engine component that results in the escape of debris other than out the exhaust path

• In flight fire.

• Aircraft collision in flight.

• Damage to property, other than aircraft, estimated to exceed $25,000. For repair (including materials and labor) or fair market value in the event of
total loss, whichever is lessEmergency Operations Chapter 4 Page: 4-4 Manual 01 Nov 10



### • In addition for large multi

‐ engine aircraft (more than 12,500 pounds

maximum certificated takeoff weight):

o In flight failure of electrical systems which requires the sustained use of

emergency bus powered by a backup source such as battery, auxiliary

power unit or air driven generator to retain flight control or essential

instruments.

o In flight failure of hydraulic systems that result in sustained reliance on the sole remaining hydraulic or mechanical system for movement of flight
control surfaces.

o Sustained loss of power or thrust produced by two or more engines.

o Evacuation of an aircraft in which emergency egress systems are utilized.

• Release of all or a portion of a propeller blade from an aircraft, excluding
release caused solely by ground contact;

• A complete loss of information, excluding flickering, from more than 50
percent of an aircraft's cockpit displays known as:

o Electronic Flight Instrument System (EFIS) displays;

o Engine Indication and Crew Alerting System (EICAS) displays;

o Electronic Centralized Aircraft Monitor (ECAM) displays; or

o Other displays of this type, which generally include a primary flight display (PFD), primary navigation display (PND), and other integrated displays;

• Airborne Collision and Avoidance System (ACAS) resolution advisories issued
either:

o When an aircraft is being operated on an instrument flight rules flight plan and compliance with the advisory is necessary to avert a substantial
risk of collision between two or more aircraft; or

o To an aircraft operating in class A airspace.Emergency Operations Chapter 4 Page: 4-5 Manual 01 Nov 10



### • Damage to helicopter tail or main rotor blades, including ground damage,
that requires major repair or replacement of the blade(s);

• Any event in which an operator, when operating an airplane as an air carrier

at a public

‐ use airport on land:

o Lands or departs on a taxiway, incorrect runway, or other area not designed as a runway; or

o Experiences a runway incursion that requires the operator or the crew of
another aircraft or vehicle to take immediate corrective action to avoid a collision.

b. An aircraft is overdue and believed to have been involved in an accident.

REQUIRED INFORMATION (NTSB 830.6)
The information to be given in the notification required shall contain the following, (if available):

a. Type, nationality, and registration marks of the aircraft.

b. Name of owner and operator of the aircraft.

c. Name of the pilot in command.

d. Date and time of accident.

e. Last point of departure and point of intended landing.

f. Position of the aircraft with reference to some easily identified geographic point.

g. Number of persons onboard, number killed, number seriously injured.

h. Nature of accident, weather, and the extent of aircraft damage.

i. Description of any dangerous materials carried. (Hazmat)

PRESERVATION OF AIRCRAFT WRECKAGE, MAIL, CARGO AND RECORDS (NTSB 830.10)
If an aircraft incident or accident has occurred for which notification must be given to
the NTSB, notify the State Highway Patrol or the Sheriff’s Office nearest the scene of the
accident and request the area be secured from all personnel until representatives fromEmergency Operations Chapter 4 Page: 4-6 Manual 01 Nov 10



### either Corporate Flight Management, the NTSB, or the FAA arrive to take charge of the wreckage.

Prior to the time the NTSB or it’s authorized representative takes custody of the aircraft wreckage, mail or cargo, such wreckage will not be distributed or moved except to the

extent necessary to:

• Remove persons injured or trapped.

• Protect the wreckage from further damage.

• Protect the public from injury.

If it is necessary to move the wreckage, mail or cargo, the original position shall be documented, including impact marks, by sketches and if possible photographs.

CFM shall retain all records, reports, internal documents, and memoranda dealing with
the accident or incident, until authorized by the NTSB to the contrary.

NATIONAL TRANSPORTATION SAFETY BOARD (NTSB) OFFICES

NTSB offices are located in the following cities: Anchorage, AK 907

‐ 271

‐ 5001 Atlanta, GA 404

‐ 347

‐ 7385 Chicago, IL 708

‐ 377

‐ 8177 Denver, CO 303

‐ 361

‐ 0600 Arlington, TX 817

‐ 885

‐ 6800 Gardenia, CA (LAX) 310

‐ 297

‐ 1041 Miami, FL 305

‐ 597

‐ 4610 Parsippany, NJ 201

‐ 334

‐ 6420 Seattle, WA 206

‐ 764

‐ 3782 Washington, D.C. 202

‐ 382

‐ 6714

RECORDS

Maintenance Records and Flight Crew Records will be assembled and forwarded to the Emergency Operations Center as soon as possible. Original records remain the property of Corporate Flight Management and will not be released to any investigative entity
without the expressed consent of the Director of Operations.

Maintenance Records

– Accident Aircraft
Immediate steps will be taken to assemble and secure maintenance records pertaining

to the accident aircraft. Aircraft maintenance records to be assembled and secured will
include:

• Weight and Balance RecordsEmergency Operations Chapter 4 Page: 4-7 Manual 01 Nov 10



### • Aircraft Flight Logs

• Manufacturer’s Maintenance Manuals

• Company Maintenance Program pertaining to accident aircraft

• Minimum Equipment List

• Mechanical Irregularity Reports

• Complete Overhaul and Inspection Reports for Engine, Propellers, and Equipment

• Preflight Inspection Records

• Maintenance Test Flight Records

• Flight Logs Prepared by the Crew

• Applicable AD’s and Compliance Records

• Service Difficulty Reports

• Manufacturer Service Bulletins

• Airworthiness Directives

• Engineering Changes and Modification Records

• All Other Available Aircraft Logs and Records

Flight Crew Records

– Accident Crew
Immediate steps will be taken to assemble and secure flight crew records pertaining to
the accident crew. Flight Crew Records to be assembled and secured will include:

• Employment History

• Date Upgraded to Captain in Accident Aircraft

• Training Records (Initial and Recurrent)

• Total Pilot Time

• Total Pilot Time for last 30, 60 and 90 days

• Total Pilot Time in Type

• Total Pilot Time in Type for last 30, 60 and 90 days

• Total Instrument Time

• Total Instrument Time in Type for last 30, 60 and 90 days

• Total Cross

‐ Country Time

• Total Night Time

• Certificates and Ratings Held, and Dates Acquired

• Proficiency Checks

• Line Checks and Enroute Inspections

• Duty Time and Rest Records for last 30 days

Drug and Alcohol Testing
The Director of Operations or the AMPP Manager will decide whether or not to have the
accident crew undergo Post

‐ Accident Drug and Alcohol testing. The accident crew willEmergency Operations Chapter 4 Page: 4-8 Manual 19 July 12



### normally be tested if their actions contributed to, or cannot be discounted as a contributing factor to the accident.

FAMILY ASSISTANCE

Notification of family members:

Corporate Charters

– CFM’s Human Resources (HR) representative will coordinate

emergency contact notifications with the charter customers Human Resources Department. CFM HR will follow directions received from the charter customers HR representative and coordinate with CFM’s emergency response partner, Fireside
Partners, to assist with emergency contact notifications, if asked to do so.

Individual Charters –Fireside Partners will, at the direction of CFM HR, contact the

emergency contacts after an aviation accident.

Additional Activities:

CFM will spare no expense, within reason, in meeting the demands and desires of family
members. Assistance will include, but not be limited to:

• Transportation to the accident/incident site either on CFM aircraft or commercial

carrier

• Arrange for hotels

• Arrange for ground transportation

• If asked to do so, make arrangements for remains to be shipped home in the event of fatalities

• Make arrangements for meal expenses

• Contact local clergy and local Red Cross to arrange for grief counselors, spiritual guidance, etc.

• Assign a member of management to assist each individual family affected by the accident/incident

### Emergency Operations Chapter 5 Page: 5

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## CHAPTER 5

BOMB / SABOTAGE THREATS

The warning or threat of possible sabotage or harm against Corporate Flight Management personnel, passengers, facilities or equipment should be taken seriously
and reported immediately. Regardless if the threat was received by phone, mail, orally

or written, the Corporate Flight Management Director of Operations will be notified immediately. The Director of Operations will assume the role of determining if the
threat will be classified as positive

. If the Director of Operations determines that the
threat is in fact positive

, the detailed responsibilities in this section of the EOM must be
followed.

AUTHENTICITY OF THREAT
The Director of Operations must be notified by the person receiving the call with full
details of the alleged reported threat. The person reporting the threat should provide
the Director of Operations with as must information as possible using the Bomb Threat
checklist.

If the Director of Operations determines that the threat is a positive threat, it is important that no further discussion is held with anyone regarding the threat unless
otherwise authorized.

In the event that a threat is considered as a positive threat the Management
Notification Phone Tree list will be implemented.

Begin an Emergency Event Log. Log all events related to the emergency including phone conversations, verbal direction received and any other pertinent information.

BOMB THREAT GUIDELINES

GENERAL
The guidelines that have been outlined in this section are security measures adopted to protect property, finances, proprietary information and most important, employees.

It is the responsibility of senior management of every location to see that these guidelines

are followed.

### Emergency Operations Chapter 5 Page: 5

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NOTE
The guidelines in this section are minimum requirements; additional security measures will
be required at computer centers, executive offices and other high risk/high crime
locations.

GUIDELINES
The following guidelines have been prepared to assist you in making a decision on whether

or not to evacuate the premises in the event of a "bomb threat".

Generally, telephoned bomb threats are the work of people who want to create confusion

or see a building evacuated but who have not planted an explosive device. It could be a disgruntled employee, an employee who has been fired or someone who merely wants the

rest of the day off. In most cases, the caller's purpose is served when an evacuation

occurs. If a building is evacuated as a result of each call received, the caller may perpetuate the problem by calling again and again.

Surveys conducted by organizations that monitor this type of activity estimate that only

one out of 100 threats received represented a real device had been planted. The surveys also indicate the majority of actual bombings occur without warning. In this case, there is

very little that can be done. To lessen the possibility of an explosive device being planted,
the accessibility of the building should be carefully controlled. For example, all access points to any office space should be locked except one main entrance. A receptionist
should control access to the premises, admitting only employees, service personnel or

persons having legitimate business with the company.

If "bomb threats" have occurred frequently in your location, all packages, boxes, etc. entering the premises should be checked. This procedure is not guaranteed to be 100% effective, but it creates a security atmosphere that limits the possibility of an unknown
intruder gaining access to the building during working hours.

ESTABLISHING FLOOR LEADERS

In a multi

‐ tenant building occupying more than one floor, the highest level of management
should serve as the Emergency Coordinator. Key personnel on each floor (Floor Leaders)
and alternates should be selected to be responsible for all actions taken in a result of a bomb threat (e.g., a premises search, an evacuation, etc.).

Lines of communication should be kept open at all times during the emergency. Two

‐ way radios must not be used because certain explosive devices can be prematurely set off by

two

‐ way radio transmission.

### Emergency Operations Chapter 5 Page: 5

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THE THREAT

A bomb threat is usually communicated by telephone. The receiver of the call should use the Bomb Threat Checklist (Page 5

‐ 7)

. The Emergency Coordinator should be notified immediately. The Emergency Coordinator should immediately notify the police and building management and provide with all information noted on the log. Regardless of
how the bomb threat is received, (whether directly or through other sources such as building management or police), the following general guidelines should be implemented:

• Notify key personnel on other floors.

• Initiate a search of premises under your control.

• Make the decision to evacuate based on your evaluation of the situation. The building
management and/or the police may be able to provide some direction in this difficult

area of responsibility. There may be some decisive factors involved which will be
addressed in the following section.

EVACUATION DECISION Any of the circumstances listed below would generally indicate that an evacuation may be

in order:

• If the call is made directly and the caller indicates a bomb has been placed in a specific
location in the building that would be hazardous to your area.

• If the caller indicates that the bomb will detonate in a limited or specific period of time,
which would not allow time for a search to be conducted.

• If the caller claims that the bomb has been planted by a known dissident or terrorist

group or a group dealing in this activity for extortion purposes. Again based on prior experience, the police are the best advisors in this instance.

• If a call indicates that a bomb has been planted at your location was initially made to a radio or TV station, newspaper office, to the police, or some other city department.
This method of operation has been used by terrorist groups and other dissidents.
There are times when a device has exploded without prior warning and then a call is
made to one of the above agencies claiming credit for the act. The police themselves

may order an evacuation of the building based on their evaluation of the information
received.

• If a search has been conducted after a bomb threat call produces a suspicious package,

carton or device which appears to be an explosive. Although it may be innocent

‐ looking as a shopping bag or a shoe box, don't take a chance with any strange item that

### Emergency Operations Chapter 5 Page: 5

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Manual 01 Nov 10

turns up in a search. Let the police experts check it out. Always play it safe and immediately evacuate all personnel from the area.

• When an actual explosive device has been found.

NOTE

Caution must always be used when an actual or purported device has been found. It may be one of several devices planted and another device may have been planted in or near an evacuation route. That is why it is essential that a coordinated effort be made with building management to ensure that evacuation routes have been searched and are free of

any device.

THE SEARCH
When a bomb threat does not meet the criteria under "Evaluation of the Threat" or for any

reason there is not sufficient information available to make a proper evaluation to
evacuate, an immediate search of areas under your control should be conducted. Employees should be instructed to search their own immediate work area. They will be

most familiar with what is normally in their area and be the first to recognize a strange,
unknown or suspicious object. Do not overlook wastebaskets or other trash receptacles. Employees most familiar with infrequently occupied areas such as office supply rooms, electric closets, storage closets, lounge areas, lunch rooms, refrigerators and rest rooms within the office space should search those areas in addition to their own work area. If a rash of bomb threats is occurring in the community but not necessarily at your own location, a good procedure would be to have certain employees (those who would be responsible for searching these areas) assigned to check these locations at the start of the
business day and make a mental inventory of the contents so that in a threat situation, they would be more aware of any strange or suspicious object. All employees should

examine their work area at the start of the business day.

IMPORTANT: If a strange, suspicious package, box, object or device is discovered in a search, it is imperative that NO ONE

, under any circumstances touch, handle or move the object in any manner whatsoever. This point must be heavily emphasized to all employees prior to any search.

When an employee or any member of a search team reports a suspicious package after a bomb threat, management or the Emergency Coordinator should immediately notify the police and building management of the exact location and description of the object. The police, after examining the item, may be able to provide a quick analysis of whether the object in question is an explosive device. In any event, after reporting the suspicious object
and notifying the police and building management, an evacuation of the immediate area, (including the floor above and below) should be ordered. A total evacuation of the premises may be ordered later by the police.

### Emergency Operations Chapter 5 Page: 5

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EVACUATION IMPLEMENTATION
If a decision to evacuate is made, it should be coordinated with:

• Building Management

• Police/Fire Department

• Floor Leaders

NOTE

It is essential in all evacuation circumstances, regardless of how immediate or remote the threat, that employees remain calm and panic is avoided. Preplanned evacuation procedures should be discussed with all employees. Designated Floor Leaders must project a cool, calm attitude when they announce that an evacuation will take place.

The Emergency Coordinator should first determine that the evacuation routes are clear. Building management should provide information that stairways, hallways and other public

areas have been searched and are clear for evacuation. Evacuation will normally follow the

same procedures that would apply to a fire evacuation. Floor Leaders should coordinate
the evacuation and indicate the route to be taken, while maintaining a calm and orderly approach. Emphasize that employees should NOT USE ELEVATORS

. All safes, monies and
confidential files should be locked up prior to evacuation, time permitting. Evacuees
should take their personal belongings with them (clothing, handbags, etc.), just as if they

were leaving at the end of the business day. If more than one floor is involved, evacuation
routes, (generally stairways) should be alternated if there is more than one stairway in the building, to avoid congestion. Floor Leaders should check to see that all personnel have
left the building.

A predetermined site at least 300 yards away from the building (unless a greater distance is specified by police) should be established as an assembly point for evacuating personnel.

EVACUATION OF HANDICAPPED PERSONS
Floor Leaders should coordinate evacuation procedures for the handicapped with building
management. Generally a freight or specially

‐ designated passenger elevator would be
used for the handicapped who cannot traverse stairways.

RETURNING TO BUILDING AFTER EVACUATION Employees should remain at the designated assembly area until it has been determined
the building is safe. A large employee population poses some problems for an orderly

return to the building. A few portable, battery

‐ operated megaphones utilized by floor

### Emergency Operations Chapter 5 Page: 5

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Manual 01 Nov 10

leaders would be of assistance in this situation. The police themselves or building
management may use this means to announce that employees may return to the building.

### Emergency Operations Chapter 5 Page: 5

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Manual 01 Nov 10

BOMB THREAT CHECKLIST

INSTRUCTIONS : Be calm. Be courteous. Listen, do not interrupt the caller. If possible, notify management, supervisor or co

‐ worker while caller is on the line.

Person taking call:________________________Time:____________Date:______________

Caller’s Identity:

Sex: Male Female Adult Juvenile _____Approximate age in years

Origin of Call:

Local Long Distance Cell Internal Unknown

Voice Characteristics:

Speech Language

Loud Soft Fast Slow Normal

High Deep Distinct Distorted Good

Raspy Pleasant Stutter Slurred Foul

Nasal Lisp

Intoxicated

Accent Manner Background Noises

Local Calm Angry Quiet Voices

Not Local Rational Irrational Music Bedlam

Region Coherent Incoherent Animals Street

Foreign Deliberate Emotional Trains Airplanes

Righteous Laughing Party (continued next page)

### Emergency Operations Chapter 5 Page: 5

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Manual 01 Nov 10

BOMB INFORMATION

Pretend to have difficulty hearing the individual.

Keep caller talking as long as possible.

If caller seems agreeable to further conversation, ask the following questions:

When will the bomb go off? Date/Time

________________________________

Where is it located? Building______________ Area_______________

What kind of bomb? ________________Where are you now?

___________________

How do you know so much about the bomb?

______________________________________________________________________

______________________________________________________________________

Why are you making this threat?

______________________________________________________________________

What is your name and address?

______________________________________________________________________

If the building is occupied, inform caller that the detonation could cause serious injury or death.

Did caller appear familiar with the area by his description of the bomb location?

______________________________________________________________________

Sit down and write out the message the caller gave you in its entirety. Attach your written document to the bomb threat checklist.

Notify the Director of Operations immediately (see phone tree on page 3

‐ 1.

### Emergency Operations Chapter 5 Page: 5

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Manual 01 Nov 10

THREAT RESPONSE

Nonspecific Threats
This type of threat will be noted by the Director of Operations or Manager on Duty and
will be reported to the FAA and/or the TSA as appropriate within 72 hours.

Specific Threats (POSITIVE threat) Notify officials at airport of intended landing of the aircraft bomb/sabotage threat.

Ascertain availability of explosive detection dog team. Request immediate assistance
from airport officials.

1. Positive Threat Against Aircraft

– PIC actions:

a. Aircraft taxied to aircraft inspection area.

b. Ensure passengers are accompanied/transported to a holding area. A
uniformed crew member should remain with passengers until the inspections are completed.

c. Have the baggage/cargo unloaded from the aircraft and located a safe
distance from both passengers and the aircraft.

d. Direct the inspection of the aircraft interior/exterior, passengers, and baggage/cargo using company guidelines.

e. Notify airport authorities of aircraft status.

2. Positive Threat Against Company Facilities

a. Airport Facilities: Notify Smyrna Police and request assistance.

b. Company Facilities: The Safety Officer will initiate a security inspection
of the threatened company facilities using the Facility Security Inspection
Checklist. Generally speaking, employee evacuation is not warranted
unless an actual or apparent explosive device or an unidentifiable package/item is discovered in the facility during the security inspection. Depending on local procedures, the bomb disposal unit may want to be
notified immediately or be notified only upon discover of a suspect item.

### Emergency Operations Chapter 5 Page: 5

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AIRCRAFT INSPECTION PROCEDURES
The company recognizes two methods of inspecting aircraft and/or baggage for suspect
items based on a specific threat. The primary (preferred) method involves the inspection of the aircraft and baggage using a trained explosive detection dog team.
When such a team is not available locally or unable to respond in a reasonable time
frame (one hour), the alternative method of inspection involving visual/physical inspection of the aircraft baggage should be used.

Caution During such inspection unidentified items will not be moved or opened. If an employee recognizes an explosive or incendiary device, all personnel will immediately evacuate
the area and under no circumstances will anyone other than bomb disposal personnel
touch or move the device.

1. Primary Inspection Procedures

a. Deplane passengers and crew members along with all their carry

‐ on luggage and personal effects, including crew luggage.

b. The aircraft will be taxied or towed to the airport’s designated security inspection area.

c. Prior to exiting the aircraft, the crew shall inspect the flight deck and
cabin areas for any unexplained containers or devices.

d. All passengers should be accompanied/transported to a temporary holding area a minimum of 100 yards from the aircraft and the baggage inspection site. A uniformed employee should stay with the passengers in the passenger holding area.

e. The PIC shall have all baggage/cargo off

‐ loaded.

NOTE Baggage/cargo shall be staged at least 100 yards from the aircraft and

passengers. The items should be lined up on the ramp with sufficient space between the bags to allow the explosive detection dog to walk around the bags
and to permit easy identification.

f. The PIC, assisted by other willing and knowledgeable crew members and/or aircraft mechanics, will inspect the exterior of the aircraft.

### Emergency Operations Chapter 5 Page: 5

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Manual 01 Nov 10

g. The PIC will brief the explosive/bomb detection team on the results of inspections, and location of the baggage and passenger holding areas.

h. Upon request, assist/accompany detection team members during their inspection of aircraft baggage.

i. If the dog alerts on any item, the bomb disposal personnel will take charge of the scene until the item is removed or rendered safe.

j. If no explosive or incendiary device is identified, the PIC will inform the Dispatch Office.

k. The Director of Operations or his designee may then authorize the reloading and release of the aircraft.

2. Alternate Inspection Procedures

a. Deplane passengers and crew members along with all their carry

‐ on luggage and personal effects, including crew luggage.

b. The aircraft will be taxied or towed to the airport’s designated security inspection area.

c. Prior to exiting the aircraft, the crew shall inspect the flight deck and
cabin areas for any unexplained containers or devices.

d. All passengers should be accompanied/transported to a temporary holding area a minimum of 100 yards from the aircraft and the baggage inspection site. A uniformed employee should stay with the passengers in the passenger holding area.

e. The PIC shall have all baggage/cargo off

‐ loaded.

NOTE Baggage/cargo shall be staged at least 100 yards from the aircraft and passengers. The

items should be lined up on the ramp with sufficient space between the bags to allow
the explosive detection dog to walk around the bags and to permit easy identification.

f. The PIC, assisted by other willing and knowledgeable crew members and/or aircraft mechanics, will inspect the exterior of the aircraft.

### Emergency Operations Chapter 5 Page: 5

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Manual 01 Nov 10

g. The PIC will brief the explosive/bomb detection team on the results of inspections, and location of the baggage and passenger holding areas.

h. Bring small groups of passengers to the baggage inspection area to identify
their bags and who packed them.

1) Self

‐ packed bags positively identified by passenger may be prepared
for reloading.

2) Passengers will be required to open any bags not self

‐ packed for inspection.

3) Any unidentified bags, bags containing items not identifiable by

passengers, or bags containing suspect devices will be searched only by trained bomb disposal personnel. Such bags will not be moved or reloaded on aircraft until cleared by bomb disposal personnel.

i. If no explosive or incendiary device is identified, the PIC will inform the Dispatch Office.

j. The Director of Operations or his designee may then authorize the reloading
and release of the aircraft.

### Emergency Operations Chapter 5 Page: 5

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AIRCRAFT SECURITY INSPECTION PROCEDURES
Aircraft inspections should be conducted in a systematic manner by employees who are familiar with the aircraft using this guide as a reference. The purpose of a security inspection is to identify any unfamiliar or unexplained objects, devices, or baggage
aboard the aircraft that may conceal explosive or incendiary materials or devices. Inspectors should be alert for familiar items which are in inappropriate locations or

appear to have been tampered with. Hand held radios, cell phones or other signal transmitting devices should not be used during such inspections.

CAUTION

Do not move or touch any unidentified or suspect items found. Simply note the description of the items and their exact location in the aircraft. If any actual explosive
device is recognized, the inspection will immediately be discontinued and all personnel
will evacuate the aircraft.

(SEE CHECKLIST NEXT PAGE)

### Emergency Operations Chapter 5 Page: 5

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AIRCRAFT SECURITY INSPECTION CHECKLIST
Aircraft Interior Inspection

Flight Stations

– Normally inspected by flight crew

• Seats, including pouches, cushions, and life vest containers in seat backs

• Log book and flight manual storage areas

• Crew Oxygen mask storage

• Entire floor surface including area around rudder pedals and beneath flight deck

seats

• Area around oxygen cylinders

• External surfaces

– ceiling, sides, and rear walls

• Crew coat and luggage storage area

• Trash containers

• Emergency equipment storage area

• Head set storage area

• Each crew member should thoroughly inspect his flight bag. If no suspect items are found, the crew member will take their flight bag off the aircraft when they deplane.

Cabin Area

• Check storage areas at the rear of the aircraft

• Check lavatories, look under sink, in the toilet bowl and in all material storage areas

• Check each passenger seating area to include any overhead storage area, the seat backs, underneath the seat cushion, and underneath the seats

• Check carry

‐ on baggage storage areas for unexplained baggage or objects. (Passengers should deplane with all carry

‐ on baggage and personal effects)

• Open and inspect all galley compartments. Remove all contents and inspect the
compartment itself and the items contained in it

• Check all trash storage areas by removing the trash container, inspecting the interior
of the compartment, and visually checking the trash itself

• Inspect portable emergency flashlights and exit lights

• Inspect fire extinguishers (location and full charge)

• Inspect first aid kit

• Examine forward entrance area for any unusual or unfamiliar items.

Aircraft Exterior

– Particular attention should be paid to areas and compartments easily
accessible to the public, i.e., those which are clearly identified and require no special

access tools (such as the Pod on the Jetstream).

Fuselage (due to diversity of CFM fleet, not all aircraft will have all items installed)

• External power receptacle

• Radio rack cooling vent

### Emergency Operations Chapter 5 Page: 5

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Manual 01 Nov 10

• Cabin pressure safety relief valve area

• Cabin outflow valves

• Aft Lavatory service panel

• Pneumatic air ground connection panel

• APU remove control access panel

• Tail compartment access doors

• Heat exchanger exhaust openings

• Elevator hydraulic accumulator servicing panel

• Ground air conditioning access panel

• APU compartment ventilation opening

• Inspect Pod and Aft baggage compartments

• Interior electrical and electronic compartment

• Forward accessory compartment

Landing Gear and Wheels

• Nosewheel well; area behind access panels

• Main gear wheel wells

• Gear assemblies, wheels, tires, brakes

Wings

• Trailing edge wing flap

• Aileron hinge points

• Refuel and defuel access panels

• Fuel vent openings

Engines and APU (if applicable)

• Intake and exhaust openings

• Oil service doors

• Thrust reverser access doors

• Engine cowl cooling vents

• Open engine cowl doors. Check entire engine and all openings on the cowl

### Emergency Operations Chapter 5 Page: 5

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FACILITY SECURITY INSPECTION PROCEDURES Facility security inspections will be conducted in a systematic manner by employees who

are familiar with the work areas/facility. The purpose of a security inspection is to identify any unfamiliar or unexplained packages, devices, or objects in the facility that

may conceal explosive or incendiary materials or devices. Inspectors should also be
alert for familiar items which are in inappropriate locations or appear to have been tampered with. Hand held radios, cell phones or other signal transmitting devices
should not be used during such inspections.

CAUTION

Do not move or touch any unidentified or suspect items found. Simply note the description of the items and their exact location in the facility. If any actual explosive
device is recognized, the inspection will immediately be discontinued and all personnel
will evacuate the facility.

1. Facility Manager briefs designated employees, who will conduct the inspection,

on general instructions and nature of the threat.

2. Designated employees are assigned in pairs to inspect specific areas of the facility. Public areas such as restrooms, lobbies, elevators, etc., should be inspected first, followed by employee only areas.

3. The inspectors will notify the facility manager of their inspection results.

4. If any suspect items are found, the work area is evacuated and secured until inspection is completed. Exception: If an actual or apparent explosive device is discovered, the facility should be evacuated at once.

5. The facility manager acts as the inspection coordinator. He directs the inspection of the facility to ensure no areas are missed, notes the location of any unidentifiable items, evacuates the facility if warranted, and notifies the local
bomb disposal unit.

6. If the security inspection fails to identify any suspect or explosive devices, the facility manager should note the results, inform the Director of Operations the
results and continue normal business activities.

### Emergency Operations Chapter 6 Page: 6

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Manual 26 Feb 10



## CHAPTER 6

FORMS

The following forms will be used by the Dispatch Office and the Emergency Operations Center staff to document all accidents/incidents involv ing Corporate Flight Management aircraft and/or facilities:

Aircraft Accident / Inci dent Reporti ng F orm............................................................................6-2

Sample Emergency Event Log ...............................................................................................6-3

Bomb Threat Checklist (extracted from Chapter 5, page 5-2) ...............................................6-4

Over-due Aircra ft Checkli st.................................................................................................... .6-5

NOTE Extra copies of the above forms are located in the document protectors following this Chapter.

### Emergency Operations Chapter 6 Page: 6

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AIRCRAFT ACCIDENT / INCIDENT REPORTING FORM

In the event of an Aircraft Accident/Incident obtain as much information as possible:

Person Calling: Date/Time:

Caller’s Employer:

Phone Contact at Accident/Incident Location:

Accident/Incident Location:

Aircraft Type: Aircraft Tail Number:

Departure / Arrival City:

Crew Names: CA: FO:

*Number of Passengers on Board: A dults: Children: Infants:

Type of Injuries Injuries Crew Passengers Other

Fatal:

Non-Fatal:

None

*Secure passenger manifest.

General Description of Accident (i.e. Takeoff, Landing, Cruise, etc.)

Weather Conditions at Accident Location:

General Description of Aircraft/Scene Damage:

Begin Emergency Event Log (see sample on following page. Actual forms are located in document protectors following Chapter 6)

### Emergency Operations Chapter 6 Page: 6

‐ 3
Manual 26 Feb 10

SAMPLE EMERGENCY EVENT LOG

DATE TIME EVENT ACTION TAKEN
3-21-04 0600 Received call from Smyrna Airport Authority stating that a bomb threat had been made against “that company at Smyrna Airport” Notified Director of Operations

3-21-04 0605 Director of Operations told me to continue to monitor situation and call him if any more specific information was received. Also directed that Maintenance and Safety Contact be informed. Using Management Phone Tree, informed Allan Peralta and David Augustin.

3-21-04 0630 Informed by Smyrna Airport Authority that bomb threat was found to be a prank by some local school boys. Informed Director of Operations, Allan Peralta and David Augustin.

Name of Person Completing this Form:______________________________________________

Page ____ of ____pages

### Emergency Operations Chapter 6 Page: 6

‐ 4
Manual 26 Feb 10

BOMB THREAT CHECKLIST

INSTRUCTIONS : Be calm. Be courteous. Listen, do not interrupt the caller. If possible, notify management, supervisor or co-worker while caller is on the line.

Person taking call:________________________Time:____________Date:______________

Caller’s Identity:

Sex: Male Female Adult Juv enile _____Approximate age in years

Origin of Call:

Local Long Distance Cell Internal Unknown

Voice Characteristics:

Speech Language

Loud Soft Fast Slow Normal

High Deep Distinct Distorted Good

Ras py Pleasant Stutter Slurred Foul

Nas al Lisp

Intoxic ated

Accent Manner Background Noises

Local Calm Angry Quiet Voices

Not Local Rational Irrational Music Bedlam

Region Coherent Incoherent Animals Street

Foreign Deliberate Emotional Trains Airplanes

Righteous Laughing Party

Fac tory Office

(continued next page)

### Emergency Operations Chapter 6 Page: 6

‐ 5
Manual 26 Feb 10

BOMB INFORMATION

Pretend to have difficulty hearing the individual.

Keep caller talking as long as possible.

If caller seems agreeable to further conversation, ask the following questions:

When will the bomb go off? Date/Time ________________________________

Where is it located? Building______________ Area_______________

What kind of bomb? ________________Where are you now? ___________________

How do you know so much about the bomb?

______________________________________________________________________

______________________________________________________________________
Why are you making this threat?

______________________________________________________________________
What is your name and address?

______________________________________________________________________
If the building is occupied, inform caller that the detonation could cause serious injury or death.

Did caller appear familiar with the area by his description of the bomb location?

______________________________________________________________________ Sit down and write out the message the caller gave you in its entirety. Attach your written document to the bomb threat checklist.

Notify the Director of Operations immediately (see phone tree on page 3-1).

### Emergency Operations Chapter 6 Page: 6

‐ 6
Manual 26 Feb 10

OVER-DUE AIRCRAFT TRACKING FORM

To be initiated if aircraft cannot be located 30 minutes after scheduled arrival (Begin tracking all communications and events using the Emergency Event Log)

Person Initiating Search: Date/Time:

Aircraft Type: Aircraft Tail Number:

Crew Names: CA: FO:

Client:

Number of Passengers on Aircraft: Adults: Children: Infants:



### Itinerary (Times are Central):

Itinerary Departure Arrival
From To Scheduled Actual Scheduled Actual

Date and time of last contact with aircraft:____________________________________________

Summarize attempts to contact over-due aircraft:

If attempts to locate the aircraft are unsu ccessful notify the Director of Operations

### Emergency Operations
Manual Chapter 7 Page: 7

‐ 1

01 Nov 10



## CHAPTER 7

DISASTERS

TORNADOES Emergency weather radios, computers (Radar), and phone systems in the main reception area of the FBO and in maintenance hangar 693 are monitored during inclement weather. All
customers, staff, and other departments within the company will be advised of inclement
weather where severe thunderstorms or tornados may occur. The most expedient method of
notification will be used to warn personnel of impending danger. Assist moving all aircraft into

a hangar, time permitting, and then proceed to one of the following safe havens:

Plan to move to a “Safe Place”

Maintenance Hangar 690 & 693
Proceed to the downstairs restroom facilities or the break room and remain there until the
threat is over.

Smyrna FBO
Proceed to the restroom facilities, preferably the ladies restroom and remain there until the
threat is over.

John C. Tune FBO
Proceed to the shower room between the men’s and ladies restroom and remain there until
the threat is over.

Airport Authority Building
Proceed by the stairs to the bottom of the stairs and remain in the stairwell until the threat is

over. DO NOT USE THE ELEVATOR FOR EVACUATION

.

Monitor the Weather Emergency weather radios, computers (Radar), and phone systems in the main reception area of the FBO and in maintenance hangar 693 are monitored during inclement weather. All
customers, staff, and other departments within the company will be advised of inclement
weather where severe thunderstorms or tornados may occur. The most expedient method
should be used, overhead paging, telephone, or word of mouth. Move all aircraft into the hangars, close and lock the hangar doors. Proceed to the safe area as listed above.

### Emergency Operations
Manual Chapter 7 Page: 7

‐ 2

19 July 12

Sound the Alarm

615

‐ 943

‐ 8398 (Airport Public Safety) MQY

After notifying public safety contact the appropriate department head or all departments depending on the scope of the emergency.

1. Tosha Szabo 615

‐ 347

‐ 8085 (Cell) 615

‐ 220

‐ 2957 (FBO) MQY FBO

2. David Augustin 615

‐ 948

‐ 1735 (Cell) 615

‐ 534

‐ 8636 (Office) Board Chairman

3. Allen Howell 615

‐ 804

‐ 6740 (Cell) 615

‐ 534

‐ 4050 (Office) CEO

4. Connie Dodson 615

‐ 585

‐ 8342 (Cell) 615

‐ 350

‐ 5000 (Office) JWN FBO

5. Leon Custers 615

‐ 351

‐ 3837 (Cell) 615

‐ 534

‐ 4550 (Office) COO/President

6. Mike Cypcar 931

‐ 224

‐ 3217 (Cell) 615

‐ 534

‐ 4551 (Office) Maint. Mgr.

7. Dwayne McMurry 615

‐ 308

‐ 4861 (Cell) 615

‐ 220

‐ 1761 (Office) Flight Ops D.O.

8. Penny Morrow 615

‐ 713

‐ 8865 (Cell) 615

‐ 534

‐ 4541 (Office) Accounting

9. Tony Crandall 615

‐ 223

‐ 6718 (Cell) 615

‐ 534

‐ 4571 (Office) Accessory Shop

10. Ron Barnum 615

‐ 692

‐ 2573 (Cell) 615

‐ 534

‐ 4573 (Office) Safety

11. On Call Charter 615

‐ 768

‐ 4044 (Office) Flight Ops

FIRE
If You Discover A Fire:

1. Leave the fire area and close the door to the area.

2. Sound the fire alarm.

3. Immediately evacuate the building via the shortest and safest route. (Proper use of fire extinguishers within extinguisher limits and by trained individuals is optional but should

not be attempted until building alarm is actuated and people are evacuated.)

4. Use the stairs to evacuate. DO NOT USE ELEVATORS. A fire can disrupt the operation of
elevators and trap occupants inside.

5. If you notice smoke, use the alternate escape route.

6. Test doors with the back of your hand before opening them. If the door is warm or if

you notice smoke, use an alternative escape route. Check paths for safety before proceeding and close doors behind you.

7 Crawl low if you have to go through smoke.

### Emergency Operations
Manual Chapter 7 Page: 7

‐ 3

01 Nov 10

8. Go to a safe area or to a pre

‐ assigned exterior area for your building.

9. From the nearest phone in a safe area, call 9

‐ 1

‐ 1.

10. Await emergency response personnel at safe location and direct them to the scene.

11. If you suspect that someone is missing or trapped, contact the emergency personnel
outside the building.

12. If you are trapped during a fire emergency, close all doors between you and the fire and
stuff cracks around the doors to keep out smoke. Wait at a safe window and signal/call
for help. If there is a phone in the room, call the 9

‐ 1

‐ 1 and tell them exactly where you

are.

13. Stop, Drop and Roll if your clothing catches fire.

Once You Have Evacuated

1. From the nearest phone in the safe area, call 9

‐ 1

‐ 1.

2. If you suspect that someone is missing or trapped, contact firefighters on scene or at the
fire engine, police officers, or ambulance personnel.

3. Await emergency response personnel at a safe location and direct them to the scene.
Do not reenter the building until instructed to do so by the fire department.

4. Follow directions of fire and police personnel.

5. Report to the person who is taking accountability of personnel.

6. Never re

‐ enter the building to save your personal belongings.

### Emergency Operations
Manual Chapter 7 Page: 7

‐ 4

01 Nov 10

DESIGNATED ASSEMBLY AREAS

Any time a company facility has to be evacuated, employees will proceed to one of the following designated assembly areas. Assembling in a designated area will enable a supervisor

to conduct a headcount. It will be assume that any employee not in the designated assembly

area may be trapped and requires rescue, therefore it is very important that you do not leave
the area without informing a supervisor first.

Hangar 690 and 693 Assembly Area for both hangars is the northern most part of the gravel parking lot behind Hangar 693.

Smyrna FBO and Airport Authority Building Assembly Area is in the gravel parking lot across the street from the two buildings (west side of Doug Warpoole Rd).

John C. Tune FBO and All Hangars Assembly Area is in the grass area next to Gate T1 (main front gate).

### Emergency Operations
Manual Chapter 7 Page: 7

‐ 5

01 Nov 10

BLANK

### Emergency Operations
Manual TAB 2 Page:T2- 1 19 July 12 EOC Manager Checklist



## EMERGENCY OPERATIONS CENTER MANAGER’S Checklist

Date/Time of Contact: Caller: Contact number:

ACCIDENT VERIFICATION / INITIAL BRIEFING
1. Verification

• If aviation accident has been verified, request copy of verifica tion report.

• If no veri fication has been completed, then perform verification and document on the Event Log.

2. Passenger Manifest

• Contact Dispatch for passenger and crew manifest.

• Ensure no m anifest cha nges were received.

• Is any one waiting for passengers or crew members at the destination point?

3. Initial Briefing

• Gather available personnel, contact by conference call when not in the office

• Inform them of the facts known about the incident

• Mak e initial contact assignments:

♦ C orporate Notification __________________________

♦ NTSB Notification __________________________

♦ Insurance C ompany __________________________

♦ Fireside Notification

__________________________

• Set TIME for key management to meet: __________________________

• Make initial personnel assignm ents:

♦ Em ergency Manager ___________________________

♦ Di spatch ___________________________

♦ Adm inistrative Support ___________________________

♦ M aintenance ___________________________



### (over)

### Emergency Operations
Manual TAB 2 Page:T2- 2 19 July 12 EOC Manager Checklist

Response Management

1. Initial Status:

Passenger M anifest/Cargo list

Victim Location and Status Record for each passenger/crew

Depart ment Next-of-Kin Notification assignments

Depart ment Next-of-Kin support assignments

ER C Personnel Schedule

B riefing Schedule — first 3 hours

Li st of important Telephone/FAX Numbers Li st of Corporate Telephone/FAX Numbers

Increased Security necessary?

NTSB n otified?

C orporate notified?

Fl ight department personnel notified?

In surance notified?

NTSB Form 6120.1 Filed (< ten days)

NTSB Form 6120.1 Filed (< ten days)

Em ergency Response Partners Notified?

2. Continual Operations:

• Keep track of key times

• Take regular breaks

• Light refreshments — fruit, vegetables, sandwiches, water

• Monitor personnel for signs of traumatic stress

• Maintain contact with personnel/next-of-kin at the site • Set priorities at scheduled briefings

• Maintain status of open priority actions

• Maintain files of completed actions

• Check with department managers on personnel status as appropriate.

3. Shift Turnover:

• R elievers to arrive 30 minutes prior for individual turnover — review open and completed actions

• B oth shifts present for turnover brief — review key events and actions, set priorities for 1st hour. • Affi rm time of next shift change, and any personnel changes

• Di scuss any changes in procedure, or points of contact outside of department.

4. Deactivation:

• Deactivate positions at Emergency Manager’s discretion — when level of activity allows response operation to continue

• Assign personnel to collect notes. • Establish “duty” schedule and documentation methods for deactivated positions — include briefings and contact numbers.

5. Checklist Status

Closed Date / Time: Emergency Manager

Closed Date / Time: Dispatch

Closed Date / Time: Administrative Support

Closed Date / Time: Maintenance

### Emergency Operations
Manual TAB 2 Page:T2- 3

1 Nov 10 Dispatch Checklist



## DISPATCH Checklist

Note: = One-time activities; check when complete.

• 

### = Continual activities.

Immediate Action
1. Manifest
Retrieve and Print Passenger Manifest and trip information
READ Manifest, ensure it is legible
Check for updates to Passenger Manifest
Provide copies of the Passenger Mani fest, with changes to Em ergency Manager
Provide copies of trip in form ation to Emergency Manager
Attend Emergency Manager’s initial brief

2. Flight Departure Information
Contact FBO, or Handling Agency and reque st FAX and hard-copy of records of the following:
Fuel Slip (date / tim e / volume / truck number / tank number)

Docum entation of any maintenance requests / actions
Meteorological report for tim e of departure
Copies of catering delivery docum entation

Transportation Support

1. Personnel / Supplies / Equipment
• Coordinate transportation of On-Site Support Team members and equipment/supplies, as requested.

2. Family Support Transportation
• Coordinate transportation of passengers and crew family members to the location of the accident, if desired by the family members. If family members do not wish to travel on Company aircraft, then coordi nate transportation on charter, or airline carrier (lowest priority). Fam ily support contact, when assigned, should travel with the family memb ers to the location

• Coordinate the movement of thes e passengers and their baggage through representative handling the family liaison effort at the site.

### Emergency Operations
Manual TAB 2 Page:T2- 4

1 Nov 10 Dispatch Checklist



## DISPATCH Checklist (cont’d) Response Management

1. General

• Maintain EVENT LOG sheets for each F light Operations/Dispatch tasking

• Provide EM with information pertaining to the schedule of Com pany aircraft, e.g.

flights in support of respons e, and flights in support of other Company business.

2. Flight Schedule

• Coordinate modification of flight schedules, as required, to support response efforts.

• Coordinate alternate flight suppor t to continue Com pany operations.

3. Records

• Retrieve, seal and secure pilot training records.

Notes:

### Emergency Operations
Manual TAB 2 Page:T2- 5

1 Nov 10 Administrative Support Checklist



### ADMINISTRATIVE SUPPORT Checklist
Note: = One-time activities; check when complete.

• 

### = Continual activities.

Emergency Management Activation
1. Communications Equipment
Telephones

Computer

FAX machines

Television ♦ Plug in telephone system s /Check dialtone

♦ Set up com puters, check operational

status

♦ Set up FAX, check operational status

♦ Turn on TV to CNN, or most applicable channel

2. Administrative Supplies

Three copies of Em ergency Operations Manual

Five Tablets of EVENT LOG

Pads, pens

Easels/markers for each

One Tablet each of Records
Clipboards, file folders, file carriers ♦ Provide each station the package of materials they will need to begin

♦ Com plete heading information on a Victim Location and Status Record for each crewmember and passenger

♦ Post Telephone num ber list near each telephone

### Emergency Operations
Manual TAB 2 Page:T2- 6

1 Nov 10 Administrative Support Checklist



### 3. Emergency Management Shift Schedule
Personnel assignments for Shift A (Date/Time Pe riod: ___________)

♦ Em ergency Manager _______________________

♦ Dispatch

________________________

♦ Adm inistrativ e Support ________________________

♦ Maintenan ce

________________________ Personnel assignments for Shift B (Date/Time Pe riod: ___________)

♦ Em ergency Manager _______________________

♦ Dispatch

________________________

♦ Adm inistrativ e Support ________________________

♦ Maintenan ce

________________________

ADMINISTRATIVE SUPPORT Checklist 

## (cont’d)

2. General Activities

• Order refreshm ents for response team memb ers. Fruits, vegetables and light snacks. Keep plenty of liquids available

• Coordinate lodging support for res ponse team members, if needed

• Keep adequate supply of general adm in. supplies on-hand (pens, file folders, tablets, forms, etc.)

• Monitor the response area, and call for cl ean-up tim es to collect and dispose of members’ trash

• Monitor response team members for sympto ms of traumatic stress. Alert the Emergency Manager when appropriate.

### Emergency Operations
Manual TAB 2 Page:T2- 7

1 Nov 10 Administrative Support Checklist



### Department Management Checklist
Note: = One-time activitie s; check when complete.

• 

### = Continual activities.
Immediate Action
1. Notification/Verification
Upon receipt of a report that a company aircraft has been involved in an accident, ensure the information is ve rified (using Notification/Verification Checklist TAB T2-1) and passed to the flight departm ent manager.

If aviation accident has been ve rified, request copy of verification report.

2. Initial Briefing
Gather available department personnel, contact by telephone (not cellular) when not in the office

Inform them of the facts known about the incident.
Brief all personnel on proper m edia responses shown below

Make initial contacts:

Chief Pilot

Maintenance Manager

Pilots / Maintenance Technicians
Base Administrative / Support Personnel

Responses for Request for Information • “We are in the process of investigating a report of an incident involving one of our aircraft. There is no information availa ble at this time. If the incident is confirmed, informational updates will be provided by [CFM.] Public Affairs. They can be reached at [phone #].”

• “[CFM] confirms that an incident i nvolving one of our aircraft has occurred, however, we are unable to provide any deta ils at this time. The [CFM] Public Affairs office will be providing periodic updates on the situation as information becom es available. They can be reached at [phone #].”

• “The focus of our efforts at this time is to attend to the needs of our passengers, crew and their families, and work with th e NTSB and local public safety officials to determine the cause and extent of the accident. If you have any questions, please contact [CFM] Public Affairs at [phone #].”

### Emergency Operations
Manual TAB 2 Page:T2- 8

1 Nov 10 Administrative Support Checklist



### Department Management Checklist 

## (cont’d)

Continuing Operations

If base of operations was accident aircraft’s intended destination, then:
• be prepared to meet with personnel expected to meet incoming passengers

• all personnel, other than affected fam ily members, are to be informed using the appropriate level of response listed above

• fam ily members should be provided a private room, and a call made to;

♦ Em ergency Manager (for family of crew ) to allow them to hear latest information

♦ Corporate (for family of passengers) to allow them to hear the latest information

♦ For any fam ily member, provide supportive contact, and call on local clergy or counseling resources, or trained volunteers to support personnel.

If base is home for aircraft or crewmembers involved, then:
• arrange for family notification and fa mily support personnel to initiate their activities
• complete records segregation, collecti on and security as listed in Section 5.4
• monitor personnel for indications of tr aum atic stress, provide information as appropriate to the Emergency Manager
• consider stand-down for upcoming maintenance activities and operations.

### Emergency Operations
Manual TAB 2 Page:T2- 9 19 July 12



### MAINTENANCE Checklist
Note: = One-time activities; check when complete.

• 

### = Continual activities.

Immediate Action
1. Records Support investigation effort by collecting maintenance records of accident aircraft in preparation for turnover to FAA/NTSB.
Aircraft Maintenance Log / Deferred Maintenance Log

Minim um Equipment List
Overhaul and inspection record s of airframe, engines and equipment
Applicable manufacturer maintenance manuals

Important: Ensure Company maintains original c opies of all documents. Copies of documents should only be provided to the investigation team (NTSB). FAA should get copies from NTSB.

Monitoring Maintenance Operations

1. Emergency Management Participation

• Maintain EVENT LOG for all tasks, actions and communications.
• Support response team personnel.

Notes:

### Emergency Operations
Manual TAB 2 Page:T2- 10

19 July 12



## Emergency Event Logr-IINameofPersonCompletingthisForm:__EMERGENCYEVENTLOGIACTIONTAKEN'jIl--Page__of__pages_J---lJIIp-n13;

### Emergency Operations
Manual TAB 3 Page:T3 -1 19 July 12



## CFM’s Emergency Response Partner Fireside Partners Service Agreement

The 5 following pages is a partial copy of CFM’s Emergency Response Partner Agreement with Fireside Partners showing the dates of the contract, the signed agreement page, and the schedule of services provided to Corporate Flight Management by Fireside.

EMERGENCY RESPONSE PARTNER NOTIFICATION

Upon activation of the Emergency Response Plan related to an aircraft incident or accident

, contact CFM’s emergency

response partner:

Fireside Partners

302

‐ 295

‐ 3082 24/7 Emergency Operations Center

Fireside Partners is contracted by CFM and specifically trained to provide the following

emergency response services, as requested:

• Advance Team

• On

‐ site Investigative Consultation

• Media Monitoring

• Inbound Call Volume Support

• Coordination Services

o Federal response agencies

o Industry contacts

• Emergency Contact Notification

• Family Assistance Services

Post Event Emotional Response and Support222402-1 

## SERVICES AGREEMENT

SERVICES AGREEMENT (together with the Schedules and Exhibits hereto, this “Agreement ”)
dated 1 June, 2012, by and between CORPORATE FLIGHT MANAGEMENT (collectively the “Client”), a
Tennessee corporation, with primary offices and hangar facilities at 276 Doug Warpoole Road Smyrna,

TN 37167, and FIRESIDE PARTNERS LLC

, a Delaware company, with offices and an Emergency Operations Center at 12 Penn’s Way, New Castle, DE (“Contractor ”). Client and Contractor are each
referred to herein as a “Party ” and collectively as the “Parties .” This agreement supersedes any previous agreement or contract between the Parties.



### RECITALS:

WHEREAS

, Client desires certain services relating to Client’s business and Contractor desires to

contract with Client to perform such services, upon the terms and subject to the conditions set forth
herein.

NOW, THEREFORE

, in consideration of the mutual promises and agreements contained herein,
the adequacy and sufficiency of which are here by acknowledged, Parties hereby agree as follows:



### ARTICLE I

SERVICES AND FEES

Section 1.01 Services

. Client hereby engages Contractor, and Contractor hereby agrees, to provide
the following services for and on behalf of Client during the Service Period (as defined in Section 2.01).

(a) Basic Services

. The Basic Services as more fully described in Schedule 1 to this Agreement.

(b) Emergency Response Services

. Upon the occurrence of an accident directly involving
Client’s flight department (an “Accident”), and upon request of the Client, those Emergency Response Services as more fully described in Schedule 1 to this Agreement. Provision of such “Emergency Response Services” shall sometimes be referred to herein as an “Emergency Response.” Notwithstanding the foregoing, Contractor may refuse to perform Emergency Response Services
pursuant to Section 1.02(b) of this Agreement.

Section 1.02 Fees and Expenses. As consideration for the Services, Client shall pay to Contractor the following fees provided in Sections 1.02 (a)

– (d) (collectively, the “Fees”) and if applicable, shall
reimburse Contractor for Expenses (as defined in Section 1.02(e)) incurred in connection with performing the Services as follows:

(a) Initial Set

‐ up Fee

. Client shall pay to Contractor an initial Set

‐ up fee in the amount provided on Schedule 2

, payable within 30 days of the beginning of the Initial Service Period (as
defined in Section 2.01).

(b) Annual Service Fee

. Client shall pay to Contractor an Annual Service Fee in the amount provided on Schedule 2

, payable on the first day of the Service Period. Client may elect to pay the
Annual Service Fee in twelve (12) installments, as provided on Schedule 2

, with each installment payable on the first day of each month during the Service Period. In the event Client fails to pay the
Annual Service Fee or any installments thereof, Contractor reserves the right to refuse to perform Emergency Response Services until such Annual Service Fee or installment thereof is paid in f ull.222402-1 

# a

FIRESIDE PARTNERS

[ Signatu r e Pag e t o Serv i ces Agreement]

I N WIT N ESS WH I EREOF

, th€! Part ie s h ave causecl thls Ag r eement t o be**e~ecu Qd**  as of the date first 

### written above

.

CUENT :

# r,**J~ //**  Name :

. If t

. Lf:rr.J J·f-Ol/1/ 

## e: u

__ Titfe: (_1 

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Addfess: 

### .;(7 (o 06t-<6 t-v'Mft>DL.(f 

## :') m**~** ct 

### rv A



## · -r ,.t '3 ' 7 I t;;, /

Attention: 

### ,.4 (... (.... G, ...J l 

# + o t • v L. L

- CONTRACTOR:
nRESlDE PAIRTNERS, LLC

# By:**~~<O.** Name : D o na ld J

. Chupp Title : Pres i dent

Addres s; P.O

. Box 213
Dove r

. DE 19903

Attention: Oonald J. Olu t pp, Pres i dent

Te l. :

### ~? t

### ~ -

### ~**~** o

### ~ I 7 lr- • 

### I T el

. : (302) 747

· ?127

Fax .: ' l 

### S'

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### :< b

, I 1 0 

## CJ Fax : (3 0 2) 747

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·

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# e F"l- y't"**~- Ema** **l:** d 1 ornc@fire!i l deteam.com

( b r(\222402-1 SCHEDULE 1

SERVICES

Contractor will provide the following Services under this Service Agreement to Client:

BASIC SERVICES: The following “Basic Services” shall be provided pursuant to Section 1.01(a) of
this Agreement:

 24/7/365 Response Availability

– Contractor shall maintain availability at all times without interruption for activation and deployment of the HELP Team (as defined in Se ction 1.07(a) to
this Agreement) to provide Emergency Response Services, as defined in Section 1.01(b) of this Agreement. Contractor shall also maintain availability at all times without interruption of
Contractor’s Emergency Operations Center (“EOC”) for consultation related to accidents directly involving Client’s flight department.

 ERP Support ‐ In support of Client emergency response drills or exercises, Contractor

activation of the Contractor’s Emergency Operations Center (“EOC”) as per the requirements
within Client aviation Emergency Response Plan (“ERP”).

EMERGENCY RESPONSE SERVICES: In the event of an Accident, Contractor will provide the “Emergency Response Services” listed below pursuant to Section 1.01(b) of this Agreeme nt. 1 With the exception of the Contractor Advance Team Launch (as defined below), which will be provided automatically upon notification to Contractor of an Accident, all Emergency Response Services shall be provided pursuant to authorization by Client. Once Client has authorized Contractor to provide Family

Assistance Services (as defined below), such Family As sistance Services will be provided at the request of
Client. Emergency Response Services will be provided by the HELP Team. The HELP Team will initially be comprised of the Advance Team (as defined below); however, members of the HELP Team may be added, removed or replaced in the sole discretion of Contractor.



### I. Advance Team Launch ‐ Upon notification of an Accident by Client, Contractor shall, by the most expeditious means possible, send a one or two

‐ person advance team (the “Advance Team”) to
the Accident site location (the “Contractor Advance Team Launch”). Depending upon the
location of the Accident, Contractor may choose from local (IL G) charter resources, Contractor’s
charter account with Executive Jet Management, and/or available commercial transport. In the

event that the Accident is later determined to be not of a magnitude that requires an immediate

Contractor presence, then the Advance Team will return as soon as practical.



### II. On

‐ site Investigative Consultation

– Contractor will support Client’s participation in the
Accident investigation and/or relations with external agencies, whether on

‐ site at or near the place of the Accident



### III. Media Monitoring

– Contractor will continually monitor and report back to Client on major and
local news broadcasts, anywhere in the world where there is a satellite broadcasting capability,
related to Client and the Accident. Contractor will also monitor Social media message trending
and internet news related to Client and the Acc ident.

1 Due to current civil and governmental risks in Mexico and other parts of the world, some or all of the Emergency Response Services may not be provided in connection with Accidents occurring outside of the United States or Canada. Contractor will consult with Client to determine which Emergency Response Services will be available prior to th e Contractor Advance Team Launch.222402-1 

### IV. Call Volume Support

– In the event that inbound call volume to Client is occurring in a capacity
that exceeds the capability to respond to calls in a timely and professional manner, Contractor
shall assist in overflow call support. In doing so Contractor will assist with call screening, and
where appropriate can answer basic i nquiries and forward calls as appropriate.



### V. Crisis Public Relations Support and Consultation

– Contractor shall work with Client’s public
relations and legal departments or professionals as required/directed to assist in drafting media

statements and related matters.



### VI. Coordination Services

– Contractor’s EOC specialists will coordinate with Federal response agencies and industry contacts to assist Client in focusing Client’s resources on demonstrating
Client’s commitment to supporting victims and families, and publicly representing Client’s
brand.



### VII. Emergency Contact Services

– After an Accident, Contractor’s HELP Team will support the
individual or individuals to whom Client has delegated the responsibility to notify the emergency

contacts of Client passengers and crew (the “Client Notification Team”) by notifying such

emergency contacts of Client’s passengers and crew in cases where Client Notification Team

cannot perform such notif ications. The HELP team shall use the Contractor’s four

‐ phase process,

as customized for Client.



### VIII. Family Assistance Services– Upon request of the families of Accident victims (including survivors
and fatalities), Contractor will assign members of the HELP Team to provide “Family Assistance
Services” in

‐ person or telephonically, to such families of upon request of the families:

 Assist with physiological and logistical needs;

 Provide essential in formation;

 Match stated informational, medical and other logistical needs with available

resources;

 Provide compassionate support throughout the process of victim medical
treatment; and

 Provide compassionate support throughout the process of victim recovery, identification, and the return of remains

In providing such Family Assistance Services, Contractor will use a process methodology generall y established within the Federal Family Assistance Plan for Company accidents. Contractor will endeavor

to provide such Family Assistance Services to each family from the time in which the family is initially
notified of the Accident until the family returns home with the Accident victim, or until such tim e the
Accident victim is returned home to them.



### IX. Post Event Emotional Response and Support (PEERS/TSR)

– Contractor will provide Client employees and Client ERP teams that responded to the Accident, or any other company human

asset that expresses a need for debriefing services with counseling by Contractor’s clinical psychologist.222402-1 SCHEDULE 2

Fees

The following Fees will be charged in connection with Services provided this Agreement. All Emergency Response Fees rates are per HELP Team Member.

Description Fee
Initial Set

‐ Up Fee $2,750.00

This fee is charged to cover the time and materials to build the

Contractor EOC and HELP Team process into the Client ERP, and secure the and dedicated contact numbers, etc. Additionally if Client secures
CFR Part 121 operating status, this fee will cover the legally re quired development and submission (to DOT and NTSB) of a Family Assistance
Plan as per the Aviation Disaster Family Assistance Act of 1996.

(NOTE: If Client elects to use their annual Global Aerospace Vista Elite
Benefit for this Agreement, there will be no charge for the Initial Set

‐ Up Fee.)

Annual Service Fee $750 per month

Client may elect to pay in the Annual Service Fee monthly installments
of $750.00 using an automatic electronic funds transfer if desired, or

pay the lump sum of $9,000.00 for a full year’s coverage with no further

actions required.

(NOTE: If Client elects to use their annual Global Aerospace Vista Elite
Benefit for this Agreement, there will be no charge for the Annual

Service Fee.) Description Fee (ONLY DUE FOR ACTIVATIONS AND DEPLOYMENTS)
Emergency Response Activation

Fee $3,500.00

Emergency Response Fees* Contractor will charge for Emergency Services at specified flat daily

rates for members of the HELP Team. Such rates are available upon request.

End of Service Agreement

### Emergency Operations
Manual TAB 4 Page:T4- 1 19 July 12



### Media and Public Responses for Re quest for Information about the Accident/Incident

Report of an Accident/Incident—Not Yet Confirmed 

### • “We are in the process of investigating a report of an incident involving one of
our aircraft. There is no information ava ilable at this time. If the incident is confirmed, informational updates will be provided by [CFM.] Public Affairs.”

Confirmation of an Accident/Incident

• “[CFM] confirms that an incident i nvolving one of our aircraft has occurred, however, we are unable to provide any deta ils at this time. The [CFM] Public Affairs office will be providing pe riodic updates on the situation as
information becomes available.”

After Confirmation of an Accident/Incident

• “The focus of our efforts at this time is to attend to the needs of our passengers, crew and their families, and work w ith the NTSB and local public safety
officials to determine the cause and ex tent of the accident. The [CFM] Public Affairs office will be providing periodic updates on the situation as
information becomes available.”

### Online Payment

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Transaction Date and Time: 03/22/2013 11:54 EDT
Payment Summary

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Account Holder

Name: Law Office Susan B
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2: City: Annandale

State / Province: VA Zip / Postal Code: 22003-2558

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Transaction Date
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