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May 12, 2010 Norwood Municipal Airport Commission 125 Access Road Norwood, Massachusetts 02062 Dear Commission members, 

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I appear before the board today to apply for an initial Comr:nercial Permit to operate here at Norwood Airport as Boston Executive Helicopters. Our ultimate goal is to become an Executive Helicopter on demand charter operation here at Norwood Airport. Our formal application is pending with the Federal Aviation Administration and may take some time for completion. In order to begin operations we appear before the Commission to begin operations under FAA Part 91 and conduct Helicopter Sightseeing and tour operations . This operation will allow us to begin fiight operations in our aircraft and develop our business in preparation for our certification for on demand charter from the FAA. Our limited operation will also allow us to generate revenue and exercise our operational systems in preparation for our full operations. I have included some preliminary operation information so that members of the Commission can become familiar with our operations and intentions. I look forward to becoming a partner here at Norwood Airport and working with our fellow stake holders as we grow our Airport in a safe and user friendly process. I am always available for the Airport Management and members of the board to answer any questions and assist In a professional and pro active environment.

Your time and assistance as we embark on our journey is appreciated .



# ~ hristopher Donovan President , Chief Executive Officer Boston Executive Helicopters

Boston Executive Helicopters 209 Access Road Norwood, Massachusetts 02062 (781 ) 603-6186

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In trodu ction Boston Executive Helicopters LLC was formed as a private company offering executive Helicopter charter services t o Boston and New England . Our mission is to provide safe reliable helicopter charter services to the public . W e will concentrate on the Executive who values safety and needs prompt reliable transportation. W

e will a lso provide hel icopter services under FAR Part 91 as well as FAR Part 135. We will provide helicopter sightseeing tours of Boston and New England as well as other requested services . We will repair our own Hel icopters and provide li mited Helicopter maintenance services to the Helicopter community . T

he Company Boston E xec utiv e Helicopters LLC is a Limited Liability Company which w ill be based at the Norwood Mun icipal Ai r port and serve all of New England . The principal investor and owner is Mr. Moshe Yanai. Mr. Yanai is world famous in t he da ta storage arena and had a lif elong love of Aviation and Helicopters. Mr. Christopher Donovan is the President and C

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ecu tiv e Officer of the Company and will make all decisions with Mr. Yanai in the operation of the company . W

e w ill o perate out of our hangers located on the North end of the Airport and at the North Ramp and in concert with F

light Level A v

iation Services to meet the needs of our clients . O

ur Mark et B

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cutiv e Helicopters intends to explore the need of discriminating Executives and the public who want personalized and discrete helicopter transport services . We will explore the need of passengers who are limited in the ir ti me and wish point to point transportation on their schedule . With the modern security procedures and delays caused by t he conven tional modes of transportation many individuals will look to have personalized service and their conven ience and w ith their ti me table in mind . We intend to meet these needs by offering helicopter transportation on their sched ule. By o fferin g h elicopter service out of Norwood Airport we can augment the transportation of clients who may arriv e at any of th e sat ell ite airports of Boston and wish to continue their journey utilizing private helicopter transportation . Many bu sin ess passengers utilize private jet transportation only to spend hours in traffic at the end of their journey getting to th eir final destination. By offering helicopter transportation we can provide speed and avoid the conventional traffic that slows man y individuals and wastes valuable time .

Boston

**Ex~cut** i vc He ! icopters 209 Access Road . 'orv.ood, . assachuserts 0

_062 ( 8 1) 603 -6186

# • • Financial Considerations Boston Executive Helicopters is fully prepared for all costs associated with start up and continued operations. We have approximately $100,000 .00 in the bank wjth aone million dollar reserve in cash to meet operating costs. We have acquired one helicopter and plan to add an additional twin engine helicopter. We have insurance for our aircraft and operations . We have completed office renovations and currently rent office space from Flight Level aviation services . We believe our partnership with Flight Level Aviation will enhance our operations and look forward to utilizing Flight Level Aviation services for our fuel needs. Our success will be shared by our partners and the Town Of Norwood as revenue generated from our increase in fuel fiow fees and associated spending in the community as well as utilizing local business to provide and enhance our services . Objectives Provide Executive Helicopter transportation services in asafe and reliable manner. Operate in accordance with all rules and regulations of the Federal, State and local government. Become a partner in the operation of a business here at Norwood Airport. Worl< with the stake holders at Norwood Airport to increase the success of the Airport and our partners . Provide helicopter Maintenance on our Equipment in our facility and offer Helicopter maintenance services to the public . Grow our client base and enhance the pverall aviation operation at Norwood Airport. Work w ith our stake holders to increase the economic impact of Norwood Airport. Foster a relationship with the local community and government through adherence with local noise abatement procedures . Grow our business and promote Aviation and helicopter operations throughout the community and

**regio**

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Boston Executive Helicopters 209 Access Road Norwood, Massachusens 0 2062 ( 8 1) 603-6 1 86

# • • Mission Boston Executive Helicopters offers asafe and reliable mode of transportation to the individual who values personal transportation and places a high value on swift and efficient travel. Our goal is to meet the needs of the professional and cater to their schedule and needs. We will comply with Federal, state and local requirements while providing unparalleled service . We will market our services to the general public as well as selected fortune 1000 companies and the large business and professional market in New England . Keys to Success 1 . Provide asafe and dependable alternative to executives and users in place of traditional modes of transportation . 2. Maintain our helicopters to exacting standards of maintenance, comfort and reliability. 3. Adapt to meet the personal needs of our clients. 4. Market our unique services to our target audience and provide them information on our services . 5. Maintain acompetitive price with other helicopter charter companies within New England . 6. Insure our target audience is aware of our services and becomes comfortable with our operation by supplying them asafe and reliable product. Company Summary Boston Executive Helicopters is a new company which will provide a missing helicopter transportation service on demand in Boston and New England . Many individuals utilize personal air transportation in their lives and end theirjourney by slower modes of transportation such as automobiles. By providing helicopter transportation we can assist the professional on all legs of their journey and provide precise transportation to their destination . We will also provide short precise point to point transportation to save valuable time and money for the executive so they can concentrate on their core business functions. Company Ownership Boston Executive Helicopters iswholly owned by Mr. Moshe Yanai . Mr. Yanai is world famous in the data storage arena and has had a lifelong love of aviation. Mr. Yanai fiies both helicopters and airplanes. As a busy executive he has seen firsthand the need for the services of Boston Executive Helicopters and will assist in the marketing of his company through his world wide affiliations . Mr. Yanai has placed his full trust and confidence in Mr. Christopher Donovan and appointed him President and Chief Executive Officer of the company. Mr. Donovan will handle all operations and business decisions with regard to the daily operation of Boston Executive Helicopters. Mr. Donovan is aformer Military Combat veteran, having flown around the world . Mr. Donovan is an Airline Transport Pilot in both helicopters and airplanes as well as a Certified Flight Instructor in both helicopters and airplanes. Mr. Yanai and Mr. Donovan care deeply about the community and conducting asafe and friendly organization and working toward success of the company as well as the Airport on our community.

Boston Executive Helicopters 209 Access Road rorwood, \-1assachusens 02062 ( 81 ) 603-6186

# • • Start Up Summary Boston E x

ecutive Helicopters has approximately $100,000.00 in startup capital for daily operations . We have an additional $500 ,000 .00 incapital dedicated to daily operations and maintenance of our aircraft. 1. We have one hel icopter currently in our inventory with an additional helicopter planned within the next 3 months . 2. We have a new Office space which was completely refurbished and adds to the professional aspect of the A irport and our business . 

### 3. We own 2 hangers on the North Ramp which we will use for our aircraft operations . 4. We have an excellent business relationship with our Fixed Base Operator, Flight Level Aviation services . Company Locations and Facilities B

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ecutive Helicopters will operate out of our Hangers at Norwood Municipal Airport as well as our Office in the Hanger 5 area off the main parking lot of Norwood Municipal Airport. Services B

os t on Executiv e Helicopters wil l provide on Demand Helicopter Charter services as well as sightseeing and helicopter services and repa ir. ·

Boston Executive Helicopters 209 Access Road. 'orwood, \1assa h se s 0

_062 C 8 1) 603-6 1 6

# • • Initial Application requirements Boston Executive Helicopters currently has 24 months of operating capital on hand . Boston Executive Helicopters lists the following business references: A. Mr. Thomas O 'Connell of Seaport Aviation Services, Cell# 617-840-8677 B. Mr. Stephen Boatwright of Blue Hill Helicopters, Cell# 781-654-7774 C. Mr. Peter Eichly of Flight Level Aviation, 703-282-7853 Boston Executive Helicopters tax ID # is 27-2064420 Boston Executive Helicopters currently has aformal Part 135 Application in process with the Federal Aviation Administration . Boston Executive Helicopters telephone# 781-603-6186 Boston Executive Helicopters owns 2 hangers at Norwood Municipal Airport.

Boston Executive Helicopters 209 Access Road orwood, fassach sects 02062 C 8 1) 603-6 186

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# • • AEROSPACE



## --~-- Aircraft Certificate of Insurance DATE ISSUED NAMED INSURED ADDRESS OF INSURED INSURANCE COMPANY POLICY NUMBER POLICY EFFECTIVE DATE POLICY EXPIRATION DATE COV EFF DATE AIRCRAFT COVERED COVERAGE MAY 11,2010 BOSTON EXECUTIVE HELICOPTERS, LLC AND Mil AVIATION SERVICES, LLC AND THEIR INDIVIDUAL EXECUTIVE OFFICERS AND MEMBERS 209 ACESS ROAD NORWOOD, MA 02062 HALLMARK INSURANCE COMPANY **GA99-2764~1** 03/01/10 03/01/11 05/11/10

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**_** Aircraft Liability Coverage LIMIT OF COVERAGE DL Single Limit Bodily Injury I Property Damage Including Limited Passenger Bodily Injury $ $ 100,000 Each Passenger 1,000,000 Each Occurrence Th is Certificate is issued to : TOWN OF NORWOOD NORWOOD AIRPORT COMMISSION 125 ACCESS ROAD NORWOOD, MA 02062 With whom we agree, if possible , to notify 30 days before the date of cancellation if the policy should be canceled by the Company , but the Company shall not be liable in any way for failure to give such notice. The coverage provided by the Policy is subject to all of the policy terms, conditions and exclusions. SUBJECT TO THE FOREGOING, THE COMPANY AGREES TO EXTEND COVERAGE PROVIDED BY THE REFERENCED POLICY TO THE TOWN OF NORWOOD UNDER THE NAMED INSURED'S LIABILITY COVERAGE REFERENCED ABOVE FOR LIABILITY ARISING OUT OF AN OCCURRENCE CAUSED BY THE NAMED INSURED'S OWNERSHIP, MAINTENANCE OR USE OF THE AIRCRAFT DESCRIBED IN THIS CERTIFICATE. AEROSPACE INSURANCE MANAGERS, INC.



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