AFS-11-019-E Nov 09 2010 Exemption No. 9797A Regulatory Docket No. FAA-2006-24418

Gary B. Garofalo, Esq. Counsel for CitationShares Management, LLC Law Offices of Garofalo, Goerlich, and Hainbach 1200 New Hampshire Ave., NW, Suite 800 Washington, DC 20036

Dear Mr. Garofalo:

This letter is to inform you that we have granted your petition to extend Exemption No. 9797. It explains the basis for our decision and describes its effect.

The Basis for Our Decision

By letter dated September 22, 2010, you petitioned the Federal Aviation Administration (FAA) on behalf of CitationShares Management, LLC (CSM), for an extension of Exemption No. 9797. That exemption from §§ 47.49 and 91.203(a) and (b) of Title 14, Code of Federal Regulations allows CSM to temporarily operate U.S.-registered aircraft in domestic operations without the registration or airworthiness certificates on board.

In your petition, you indicate that there has been no change in the conditions and limitations relative to public interest and safety that were the basis for granting the original exemption.

The FAA has determined that good cause exists for not publishing a summary of the petition in the Federal Register because the requested extension to the exemption would not set a precedent, and any delay in acting on this petition would be detrimental to CSM.

Our Decision

The FAA has determined that the justification for the issuance of Exemption No. 9797 remains valid with respect to this exemption and is in the public interest. Therefore, under2

the authority provided by 49 U.S.C. 40113 and 44701, which the FAA Administrator has delegated to me, I grant your petition, subject to the following conditions and limitations.

Conditions and Limitations

1. CSM, prior to utilizing this exemption, must apply for and receive from the FAA Flight Standards District Office responsible for its air carrier certificate an amendment to its operations specifications authorizing it to exercise the privileges of this exemption.

2. CSM, before utilizing the provisions of this exemption, must (1) develop a comprehensive program that provides for continued operation of the aircraft when the certificate of registration or airworthine ss for such aircraft is lost, stolen, or mutilated; (2) ensure that timely application is made to the FAA for a replacement certificate; and (3) provide for the temporary operation of the aircraft during the interim required to receive a replacement certificate from the FAA and install it on the affected aircraft. This program must be FAA approved and instructions for its use shall be included in the air carrier’s manual required by 14 CFR §§ 91.203 (a) and (b) and 135.21.

3. The comprehensive program specified in condition No. 2 must contain:

a. A requirement that the following statement be entered into the appropriate section of the aircraft logbook whenever this exemption is to be utilized:

“This aircraft is being operated without a certificate of registration (or airworthiness, as applicable) under the provisions of Exemption No. ______ for a period of 3 working days, not including weekends or Federal Holidays, beginning: TIME________ DATE________200____.”

The signature, title, and station location of the person(s) authorized by

condition No. 3b shall be affixed to this statement.

b. An identification of the designated person or persons, including job titles and responsibilities within the maintenance organization, authorized to enter the

statement outlined in condition No. 3a above and the method or methods wherein the documents required under condition No. 5 will be transmitted to

the affected aircraft.

c. An arrangement whereby those persons within the CSM organization responsible for certificates of registration and airworthiness will maintain a

current record of the data from the certifi cates of each aircraft within its fleet which may be affected by this exemption. The data must be made readily available to that element within the operator’s maintenance organization identified in condition No. 3b and must be kept current at all times.3

d. Procedures to ensure that the FAA principal maintenance inspector with responsibility for CSM is immediately notified of a missing or mutilated certificate and that timely application is made to the FAA for a replacement certificate (in the case of an airworthin ess certificate) or a duplicate certificate (in the case of a registration certificate).

e. Procedures that will describe specific duties and responsibilities by job title.

4. The privileges of this exemption may only be exercised by CSM for temporary replacement of a missing or mutilated registration and/or airworthiness certificate, which is current and in effect and only applies to U.S.-registered aircraft listed in CSM’s FAA-approved operations specifications.

5. A copy of this exemption and a copy of the operations specifications and management specifications authorizing its use must be carried on board the aircraft when exercising the privileges of this exemption.

6. The privileges of this exemption may only be exercised when the affected flight operates totally within the contiguous 48 states of the United States and the

District of Columbia.

The Effect of Our Decision

Our decision extends the termination date of Exemption No. 9797 to January 31, 2013, unless sooner superseded or rescinded.

All conditions and limitations of Exemption No. 9797 remain the same. This letter must be attached to and is a part of, Exemption No. 9797.

Sincerely,

/s/

John M. Allen Director, Flight Standards Service