# January

12

, 2015 Mr. Damon Walker Air Carrier Fitness Division Department

of Transportation 1200
New Jersey Avenue.,

S.W

. Washington

, D

. C

. 20590



# ~ 

# COZEN \...)O'CONNOR Mark

W. Atwood Direct Phone 202·463

· 2513 D

i rect

Fa

x

202

· 640

· 5238 matwood@cozen

. com 

# Re

: Application

of Dynamic Airways,

LLC, Docket DOT-OST-2014-0069 -- Response

to Information

Request Dear

Mr

. Walker

: This

will respond

to your letter

of December

11

, 2014

and

its attached Information Request,
seeking

further

i nformation
regarding Dynamic Airways,

LLC

(

" Dynamic"

or "DYA"). This letter

will follow

the format

of the Information

Request

in providing

the additional information

. GENERAL INFORMATION 1. Dynamic

A

i rways

is

in compliance

with

14 CFR

Part 259
and

has

an approved C ontingency

Plan

for Lengthy Tarmac Delays,

which

is currently

filed with

the Department

and is on the DYA website

. Dynamic

will

file the plan

on the designated

website h tt p,// filin

g ta rm

a c de

l a ypl

an

. d ot. qov,

as you have requested

. A copy

is attached

as Exhibit

1

. OWNERSHIP



# & MANAGEMENT 2

.

Ms

. Rita Simas

is no longer

emp

l oyed

by Hilco Transport.

The resume provided

as an exhibit

was

her resume

as

of the time

she was hired

at Dynamic

as Director

of Security

. Her u pdated resume

i s attached

for review

as Exhibit

2. The
carr

i er

' s owners

have

a

l so dec

i ded

to make further changes

in the management structure

. Mr

. Michae

l Steinke

w ill be replaced

as Director

of Maintenance

. Mr

. Bill Gray

is filling

that posi

ti on

on

an interim

bas

i s

, pending appointment

of

a new

DM

. Further

, Mr

. Gray will occupy

the pos

i tion

of Chief Strategy

Offtcer

; Mr

. John Mullins

has been appointed

Chief Operating

Off

i cer

. Mr

. Mullins

, a Canadian

citizen,

has over

20 years

of experience

in aviation

. His resume

is attached

as Exhibit

3

. Mr

. Jeevan Malhotra

, the CFO

at the time

of the submission,

has taken

the position

of Vice President

of Financ

i al Planning

and Analysis

. Mr

. Malhotra remains

a full time employee

of the company

. He has been replaced

as CFO

by Mr

. Gary Kramer

, previously

Director

of Safety

. (See section

5

, below

. ) 1627

1 Street,

NW

Suite 1100 Washington

, D.

C

. 20006 202

. 912

. 4800

800

. 540

. 1355

2 0 2

. 86l.1905

F a x cozen

.c omMr.DamonWalkerJanuary12,2015Page2Mr.DennisConner,whohasanextensivesafetyandcompliancebackgroundbothinmilitaryandcivilianaviation,isnowemployedfulltimeastheDirectorofSafetyforDynamic,andhasbeenapprovedbytheFAAforthatposition.Mr.Conner'sresumeisattachedasExhibit4.WearealsoprovidingwiththisletterarevisedOrganizationalChartfortheaircarrier,Exhibit5.3.TheInformationRequestnotesMr.PaulKraus'semploymentbyAmurJMWAviation/AmurHelicopterFinancialServicesandJetMidwestGroup.Mr.Kraushasmajorownershippositionsinanumberofaviation-relatedcompanies,andheplansonmaintaininghisinvolvementwiththesecompanies.However,thesecompaniesoccupyarelativelysmallpartofMr.Kraus'sattention;heiscurrentlyallocatingmorethan75percentofhistimetoDynamicAirways,andexpectsthatallocationtocontinuefortheforeseeablefuture.Mr.KraushasalsorecognizedtheneedforastrongmanagementteamandhasaugmentedtheFARsection119-requiredpositionswithseveraladditionalhighlyexperiencedaviationpersonnelasdepictedbytheattachedorganizationalchart.4.AsMr.SteinkeisnolongerwithDynamic,thequestionregardinghisresumeisnowmoot.5.Mr.GaryKramer'sresumeonfilewassubmittedatthetimeofhisemploymentbyDynamic;heisnolongeremployedbyEricksonHelicopters.Mr.KramerwasinitiallyhiredbyDynamicasDirectorofSafety,andrecentlywaspromotedtoChiefFinancialOfficerfortheCompany.Mr.Kramerisafulltimeemployeeofthecarrier.HisupdatedresumeisattachedasExhibit6.FINANCIALANDOPERATINGPLANS6.ThemostcurrentBalanceSheetandProfit/LossStatementforDynamic,togetherwithaccompanyingfootnotes,areattachedasExhibit7.Thesestatementswerepreparedbythecarrier'sCFO,Mr.Kramer,aCertifiedPublicAccountant.AstatementofhisqualificationsisincludedintheNotes.7.AttachedasExhibit8isalistofaccountspayablethatareover60dayspastdue.Mostofthesewere"inherited"fromthepreviousownersandmanagementofDynamic,andthusmostarequitefarbeyond60days.Currentmanagementhasbeenmakinggradualprogressonpayingdownthesereceivables,andthecreditorshavebeenverycooperativewiththeseefforts.Sinceassumingcontrolearlierthisyear,managementhaskeptnewexpensescurrent.Itisnotcorrectthatthecarrierisonacash-onlybasiswithitscreditors.MostofDynamic'svendorsprovidematerialsandservicesonnormalcommercialterms,i.e.paymentwithin30daysfromdateofinvoice.Thereareafewpartsvendors(primarilyBoeing)thathaverequestedimmediatepaymentforcertainhigh-costparts.ThesupplieroffuelinGeorgetown,Guyanarequirespaymentatthetimeofpurchase,butthecarrier'sotherfuelsuppliersprovidefuelonnormalcommercialterms.Finally,Dynamicismeeting,andhasconsistentlymet,allofitspayrollobligationsinatimelymanner.8.AttachedasExhibit9isasetofprojectedbalancesheetsandP&Lstatements.Thesearepremisedontwoscenarios:(1)continuationwithplannedoperationswiththecurrentlyauthorizedfleetoffiveaircraft(twocargoandthreepassenger);and(2)anexpandedMr.DamonWalkerJanuary12,2015Page3fleetofupto10aircraft(twocargoandeightpassenger).Itisexpectedthatoneofthepassengeraircraftwillbeusedasareserve.AllaircraftareassumedtobeBoeing767-200sand-300s.Thebalancesheetsincludethemostrecentavailablefigures(November2014).PleasenotethattheprojectionsarebasedondifferentrouteoperationsthantheprojectionssubmittedwiththeinitialapplicationandtheOctober10,2014amendment.Thecarrierhasnowsetaside,fortheimmediatefuture,planstooperatefromthreepointsinChinatoGuamandSaipan.Rather,itisfocusingitsscheduledserviceplansonthreeroutes:NewYork(JFK)-Georgetown,Guyana;Changsha,PRC-Anchorage-LosAngeles;andJinan,PRC-Anchorage;itsforecastresultsassumetwoweeklyroundtripsinbothChinesemarkets,andthreeweeklyroundtripsintheGuyanamarket.Thecarrieriscontemporaneouslyfilinganamendmenttoitsapplicationinthisdocketforthesespecificroutes.Itwillevaluateinitiatingscheduledserviceontheotherroutesatalatertime,basedonthemarketresponsetoitsinitialservices.Itshouldalsobenotedthattherevenueprojectionsarequiteconservative,inthattheyassumeonlyscheduledservice.Infact,however,Dynamicanticipatesthatitwillcontinuetoreceiverequestsforpassengercharterservice,andwillsupplementitsscheduledservicewithsuchoperations.9.Therearenosignificantstart-upexpensesexpectedremainingtobepaidpriortoinitiationofscheduledserviceintheNewYork-GuyanaandChangsha-Anchorage-LosAngelesmarkets.Dynamicisalreadyoperatingthesesameroutesonacharterbasis,usingthesameaircraft,airportfacilities,crewandschedules.Thus,theconversionofthisoperationtoa"scheduled"serviceisentirelyamatterofobtaininglegalauthority.TheJinan-Anchorageroutewillrequireapproximately$50-100,000tosetupastationinJinan,whichisnotcurrentlyserved.Beyondthis,thecarrieranticipatesamodestcosttocompletetheDOTcertificationprocess;therearenoadditionalstepstobeundertakenontheground.Verylittleremainstobedonetocompletetheprocessofobtaining"Flag"operationsspecificationsfromtheFAA,apartfromtheprovingruns(seeanswertoQuestion9,below),andthusthecarrierexpectslessthan$35,000tobeexpendedfortheseotherremainingregulatorysteps.10.ItisuncertainatthistimehowmuchDynamicwillneedtospendtooperatetheprovingruns.Themainquestionatthemomentisthenumberofhoursthatwillberequired.ThismatterisbeingdiscussedwithvariouslevelsattheFAA.TheFAAregulationsprovidefor50hoursofprovingruns,butthatnumbercanbereducedsubstantiallybasedonthecarrier'soperationandexperience.Whileweexpectalowernumberultimatelytobespecified,Dynamicwill,forpurposesofthisresponse,estimateacostof$1.57millionfortheprovingruns,basedonafull50-hourplan.COMPLIANCEDISPOSITION11.ItiscorrectthatMr.GrayisthebeneficialownerofatrustthatwaspartownerofaFloridaLimitedLiabilityCompany,GSBD&Associates,LLC("GSB").Thespecificanswerstoyourquestionsareasfollows:a)ThenameofthetrustisTheWilliamGrayTrust,establishedinColoradoin2008forthepurposesofretirementplanning.Mr.Grayisthesolebeneficiaryofthetrust.Mr.DamonWalkerJanuary12,2015Page4(b)Thetrustinitiallyheldaone-third(33%)interestinGSB.WhenoneoftheothertwomembersofGSBwithdrew,thetrusttookaone-half(50%)interestinGSB.(c)Mr.GrayservedastheManagingMemberofGSB.Thatcompanybecameinsolvent,andisnolongerinoperation.12.ThereferencedjudgmentagainstGSBwasenteredbytheU.S.BankruptcyCourtfortheSouthernDistrictofFloridainthematterofthebankruptcyofArrowAirinNovember2011.ThejudgmentwastorecoupforthebankruptcyestatethepricepaidbyArrowtoGSBforthepurchaseoffuel.However,thefuel,whichGSBhadpurchasedfromaRussiansupplier,wasneverdelivered,andGSBwasforcedtoshutdown.Thus,thisjudgmenthasnotbeenpaidforthereasonthatGSBitselfhasnofunds,andhasnowceasedtoexist.Further,thisdebt,amongothers,wassubsequentlysoldbytheArrowestatetoathirdparty,whichhasmadenoattempttocollectonthedebt.13.TherequestedinformationonthetworeferencedlawsuitswillbeprovidedinaseparateletterfromcounselforMr.Gray.14.Asanadditionalmatter,sincetheDepartment'sRequestforInformationwassent,alawsuithasbeenfiledagainstDynamicbyapassengeronitsNewYork-Georgeown,Guyanacharteroperation.Thismatter(Rambarranv.DynamicAitways,LLC,14-cv-10138-CS-PED)wasfiledDecember29,2014intheU.S.DistrictCourtfortheSouthernDistrictofNewYork.Thepassengerisclaiminglossesduetothecancellationofhischarterflightcausedbymechanicalproblemswiththeaircraft.Heisseekingclasscertificationfor100passengerswhocouldnotbeaccommodatedonotherDynamicflights.Dynamicconsidersthisclaimtobewithoutmerit(allsuchpassengersreceivedafullrefund,asrequiredbytheDOTrules),andisseekingdismissal.Itrustthatthisresponsefullyprovidestherequestedinformation.Pleaseletusknowifyourequireclarificationorfurtherinformation.MarkW.AtwoodCounselforDynamicAirways,LLCMWA:dmp

# I 

# I



# CERTIFICATION The contents

of this submission

and

the attached exhibit(s)

are true

and correct

to the best

of my 

# knowledge

and belief Pursuant

to Title

18 United
States

Code Section

1001,

I, 

# John Mullins,

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

.

l 

# understand

that

an individual

who

is found

to have violated

the provisions

of

J 8 

# U.S

. C

. section

1001 shall

be fined

or imprisoned

for not more

than

five years,

or both

. I



# f 

# /~ 

# 'r/

. p

',, -

/r

--- 

# By

. 

# John Mutlms " Title: Chief Operating

Officer On this 

# JZ::

day

of January,

2015,

did personally

appear before

me John Mullins,

who proved to me

on the bac;is

of satisfactory

evidence

to be the person whose

name

is subscribed

to within the instrument

and acknowledged

to me that they executed

the same

in their authorized

capacity 1 certify

that

the foregoing paragraph

is true
and correct. Witness

my hand

and official

seal. 

# . 

# ~--~-~-/

---+ /

- **Not;cy:.PtJ~ic**

' My Commission

expires

DEREK

T CARTE NotaJy
Public GuiHonf



# Co

. , North 

# Carolina 

# My 

# Commission

Expires

June 

# 16,2018DynamicAirwaysTarmacDelayPlanEXHIBIT1AtDynamicAirwaysweprideourselvesonon-timedeparturesforallourflights.Intherareoccasionthatwefaceasubstantialdelaywhilepassengersareonboardouraircraftwewilldoeverythingtoensureyoursafetyandcomfortarcourpriorityatalltimes.InanefforttofacilitateallyourneedsshouldaTarmacDelaypresentitsell:werequestthatyouensurethatanyessentialmedications,dietaryitems,andbabyfood(meetingallrestrictionslorcarry-onbaggage)arereadilyaccessibleinyourhandbaggage.ForthoseflightsencounteringatarmacdelayatUSairportsinaccordancewiththeUSDepartmentofTransportationregulations(14CFRPart259),wewanttogiveourpassengersthefollowingassurances:I)Fordomesticflights,wewillnotpermitouraircrafttoremainonthetarmacataU.S.airportlormorethanthreehours(3)beforeallowingpassengerstodeplane,unless:•Ourpilot-in-commanddeterminesthereisasafety-relatedorsecurity-rc\atedreasonwhytheaircraftcannotleaveitspositiononthetarmactodeplanepassengers.•Airtrafliccontroladvisesourpilot-in-commandthatreturningtothegateoranotherdisembarkationpointelsewhereinordertodeplanepassengerswouldsignilicantlydisruptairportoperations.2)ForinternationalflightswhendepartingfromorarrivingataU.S.airport,DynamicAirwayswillnotpermititsaircrafitoremainonthetarmaclormorethanJour(4)hoursbeforeallowingpassengerstodeplane,unless:•Ourpilot-in-commanddeterminesthereisasafety-relatedorsecurity-relatedreasonwhytheaircraftcannotleaveitspositiononthetarmactodeplanepassengers.•Airtrafticcontroladvisesourpilot-in-commandthatreturningtothegateoranotherdisembarkationpointelsewhereinordertodeplanepassengerswouldsignilicantlydisruptairportoperations.3)Forall!lights,Dynamicwillprovideadequatefood(e.g.snackfoodssuchaspretzelsorgranolabars)andnon-alcoholicbeveragesnolaterthantwo(2)hoursaftertheaircraftleavesthegate(inthecaseofdeparture)ortouchesdown(inthecaseofarrival)iftheairerafiremainsonthetarmac,unless:•Ourpilot-in-commanddeterminesthatsafetyorsecurityconsiderationsprecludesuchserVICe4)Wewillensurecomfortablecabintemperaturesandoperablelavatoryfacilitiesarcavailable,aswellasprovisionofadequatemedicalattention(irneeded)whiletheaircrallremainsonthetarmac.Ourcabincrewarctrainedtoprovidebasicfirstaidassistanceontheaircraf\andwouldseckfurthermedicalassistanceasnecessaryforanyonboardemergency,whichmayincludedeplaningthepassengerfortreatmentirneededwiththeassistanceofairportemergencypersonnel.5)Wewillissuenotificationsregardingthestatusofthedelayevery30minuteswhiletheaircraftisdelayed,includingthereasonsforthetarmacdelay,ifknown.6)Wewillbegintonotifyyou30minutesaflcrscheduleddeparturetimeandevery30minutesthereafter.evenifthereisnonewinformationtoreport,thatyouhavetheopportunitytodeplanefromanaircraftthatisatthegateoranotherdisembarkationareawiththedooropeniftheopportunitytodeplaneactuallyexists.•Theopportunitytodeplanecanonlybeauthorizedbyourpilot-in-commandafterthescheduleddeparturetime,takingintoconsiderationthesafetyandsecurityofotherpassengers,thecrewandtheaircran,andanydirectionsissuedbyairtrafficcontrol.7)Wehavecontactedandcoordinatedthisplanwiththeairportauthorities,USCustomsandBorderProtection(CBP),andtheTransportationSecurityAdministration(TSA)ateachU.S.airportthatwellytoaswellastheUSairportswehavedesignatedasourdiversionairports.ThisensuresthatwewillhavesuflicientsupportandreasonableresourcestoeffectivelyimplementDynamic'sTarmacDelayPlan.EXHIBIT2:!J201HNorthpointAvenue·HighPoint,NorthCarolina27262RITASIMASP:;336.899.7947Mlsimnsrita@'yahoo.comQUAUHCATIONSPROJ!ILESeasoned,well-known,<1ndprofessionill,ClJUippedwith21yearsofexpertiseinutilizingskillsnndknowledgeintmnsportationindustryaswellasindustryoperation,destinationmanagementsales,aswellaspersonneltrainingandmanagement.Currentlyseekingach<11lengetodevelopbusinessskills;backgroundincludesproventrackrecordandoutstandingresultsindestinationmanagement,policies,andproceduresimplementationandprogramexecution.Exemplifyabilitiesinestablishingrapporttostrengthenrelationshipswithleadingcorporateandindustrypersonnel.DemonstrateoutstandingskillsinresearchingandauthoringtrainingExperiencedextensivetravelthroughoutdifferentcountrieslikeChina,Russia,Israel,Siberia,Estonia,S<1udiMexico,Canad<1,Armenia,Europe,<ISwellasincitiesoftheUnitedStates;possessstronginterpersonalandcommunicationskills.rArn:ASOFEXI'ERTISEOrganizationalSkills./Proventrackrecordofutilizingefficienttimemanagementtechniques./andupholdcostsandoperntionsthrougheffectiveplandevelopment./Well-knownforcrossdisciplinetalentsinneedsanalysisnndevaluation,Communicationstroubleshooting,<1ndproblemresolutioninfastApaced<1ndtechnicalenvironments./teammemberstoachievecorpornteandpersonalgoalsandobjectives./Abletoresolveinterpersonalconflicts./EstablishpositiveandconduciveenvironmentProjectManagement./Implementeffectivesolutionstodevelopcommunicationwhileefficientlyutilizing1timetoidentifyprogressandachievegonlsProblemSolver./Provideresponsiveserviceduringexceedinglydemandingadjustments./Assessprograms,makeperceptivedecisionstoaffectpositivechange,andfocusonnewprioritiesC\ltHRHIGIHIGIITS;..Conductedresenrchand<1uthoredcurriculumsforHilcoTrnnsport,Inc.,includinginstructorguides,PowerPointpresentations,videos,quizzes,forms,nndmnnunls,withthefollowingtopics:DOTdrugandalcohol,IIAZMAT;securityilWilrcnessforHAZMAT,J-IAZCOM;hoursofservice;emergencyprocedures;LOCKOUT{fAGOUT;henvyequipmentsuch<ISforklift,liquidsolidwnste,bloodbornepathogens,petroleum;trainthetrainer;asbestosawareness;employeewellness;customerservice;timemanngement;effectivecommunicntion;pre-tripinspection;personalprotectiveequipment:,....ServednsnctivcmemberofllilcoTrilnsport,HAZPOWEREmergencyResponsePaceAirlinesEmergencyResponseTeam;andUSAirwaysEmergencyResponseTenm,_Exhibitedproventrackrecordofinterpretingandimplementingcertificationprocedures,policies,andregulationsforcabincrewandcabinsnfetyduringserviceofworkaviation;.Oversawthedevelopmentofcurriculumfornewlyhiredemployeesandrecurrenttraining;..CreatedandemployeesonSecurityPlansforEusl\vindAirlinesandHilcoTransport,Inc..,.Ensuredcompliancewithestablishedf-AA,DOT,TSA,FMSCA,<1nd051lAregulations:,..Consistentlyobtainedposition\VithincreLJsingresponsibility,includingpromotiontovariouspositionssuchnstonirtransportationservice<1Ssoci<1te<1fteronemonthonPaceAirlines;ofDrug/AlcoholAbntementforexcellentperformnnce;nnddirectorofover75flightnttend<1ntsandpilotsatEastwindAirline:,...Attitincdcertificationfordomesticandintt!rnationalflightattendantofDC9,MDSO,737,727,757,767,747,DClO,andAirbusaircrnft.,.Receivedvarioushonorsnndrecognitions,includingthefollowing:2008ImpactAwnrd:Recognitionofsnfcperformanceandcontinuedeffortsinpromotingsafetyonthenation'shighwnysSponsorbyNationnllnterstnteInsuranceCompnny,1-lilwTrausportluc.Certific<lteofRecognition:PerfectDependability,Colllim:ntnJAirlinesHonoredforvolunteeringnssistnnceinmilitarycharterflightstoS<1udiAmbi<1duringtheGulfWarundertheCivilinnReserveAirFleetContingencyPlan,Collfiw!lllnl1I1•''RITASIMAS201HNorthpointAvenue·HighPoint,NorthCarolina27262i!!336.899.7947Bsimasrita<li':Y_ahoo.com;..PromotedtoDirectorofin-flightilndtrilinedover75flightattendantsntEashvindAirlines,.AuthoredflightattendanttriliningmanualscommendedbyrAATrainedflightpersonneltoencompasspilotsinemergencyequipment,Formulutcdoperutionsandpolicy/procedurestoguaranteeefficiencyofoperution,.Adeptasilflighti!tlendantilndAirSupervisoraswellusInstructorPROFESSIONALEXPEIUE.NCI;DirectorofSecurityDynamicAirwuysNorthRegionalRoad,GreensboroNC2014•PresentDirectorofTrainingIIileoTransportInc.KenmontRoad,Greensboro,N_C________________2_0_0..;.8_·2_0_1_4_____1•Overseetheimplementationofanddirecttrainingprogramstoverifyrelevance,uccuracy,undregulatorycompliance<ISwellasensurethatitscontents<1tisfythecustomerandcompanyrequirements•Closelymonitorandlcver<1gctr<1iningbudgets•Administertrainingschedulesandinterfacewithallaffectedparties•Facilitateperiodicassessmentnndrevisionoftrainingcurriculums;superviseandrestructurespecialized!ruiningcoursestonddressimmedintebusinessrequirements•Acknowledgefulfillmentofcustomercontracttrainingrequirements•personnel!miningregardingperformnnceofdutiesnndaccomplishmentsofnssignedobjectives•Supportedothermanagersinconfirmingnccuracyoftrainingrecordaswellascompliancewithapplicableregulations•Directilndfacilitiltetriliningformore200employeestosecuretheirconformitywithreguliltionsforthenewlyhiredemployeesundyemlyrecurrent!ruining•CertifiedSmithDefensiveDrivingInstructor•MemberofllilcoTransportEmergencyResponseTeamDomesticFlightAttendant2006-2008RepublicAirwaysIndianapolis,IN•Ledpresentationofdcpi!rtureanddestinationreports,passengerticketnumbers,mealilndinventories,andlostnndfoundarticles•Rendereddifferentpersonalservicesfavorabletosafetyandcomfortofairlinepi!ssengers;welcomedpussengers,verifiedtickets,recordedandledpassengerstotheirassignedsentsCorporateTravelCounselor2005-2006AmcricunExpressllighPoint,NC•AssumedresponsibilitiesofacorporatetrilvelcounselorutilizingApollosystem(ilir,hotel,car,<1ndtrilin}Providedexcellentcustomerservicetomilximizebusinessopportunitiesandgainbusinesscustomerprofilesnndillignedtravelbasedoncustomerpreferences,companypolicies,andAmericnnExpressprocedureCourscCurriculumWriter/Instructor2002-2005PaceAirlinesWinstonSalem,NCRcnden.'l.ivariousservicesonm.1nychilrters,suchasBostonPops,NASCAR,SportTcilrns,andhighprofileManilgedexcellentfoodpreparation,shopping,andcateringforfirstclassservice•Assumedresponsibilityinmaintainingandschedulingalltestingforsafetysensitiveemployees•Ensuredcompleteimplementationofilllr-AA/DOTilndOSIIAreportstomaintilinefficientoperation•Authoredcurriculumsfornewlyhiredemployees,administeredrecurrentflightiltlendanttrainingprograms,andcoordiniltedtofoAAforapproval•employeedevelopmentprograms•flightntlendant!miningmanualilnddevelopedmethodologytoassesstrainingeffectiveness2II••lRITASIMAS;r2011-1NorthpointAvenue·HighPoint,NorthCarolina27262"P:,•336.899.7947[...<;}simasrita@'yahoo.com•Reviewedandrevisedcoursesnndflightoperationstrainingmnnualtocomplywiththecompnnyproceduresnndfedernlregulntions•InterfacedwithFAAconcerningchnngesinrequirementsthatwouldaffectflightnttendantprocedures,actualtraining,andinstructionalmaterials•Workedincollaborationwiththedirectorofin-flightinrecruitingnewlyhiredemployees•CommunicatedwithdepnrlmentstoensureallflightattendantmanualswereupdatedwithbulletinsandrevisionsCustomerServiceManagerCallCenter1999-2001USAirwnysWinstonSalem,NC•LedforcabinsafetyoperationsFAAregulatorycompliance•BuiltandsupervisedcompliancewithFederalAviationRegulations•Composedreportsonfindingstoin-flightmanagement•Obtainedcustomersatisfactionbyprovidinghigh-endserviceandidentifiedwaystoresolveclient'sconcernsDirectorofInflight/Training1996-1999••EastwindAirlinesGreensboro,NCHiredasncrewschedulerforpilotsnndflightilltendantsUpholdcabinsnfctyandpassengerssafetyprocedures•Assessedandoversawflightattend<1ntinstructorstoensureemergencytrainingandcabinsnfetyissueswereprovidedperFARguidelines•Documentedflightnttendilnttminingrecordsfornewhireandrecurrenttraining•Fncilitutedemergencydrillsanddevelopedin-IHlUSeemergencyprocedurestrainingprogram•Effectivelyinfluencednewhireflightattendantsandhelped!IumanResourceswithinterviews,drugabutementprogrilmanddiscipline•Recruitedpilots<mdflightattendantsCertifiedDomestic/InternationalFlightAttendant1990-1996ContinentillAirlinesllouston,TXPClz:-sfT'F-z·M:-r=1-·s=-•···,-·-rr----.,ra·>w·Z?-·crw·r,...,.-·-==n··rz:z·rSUE!BusinessAdministrationICommunityCollegeofRhodelslnndLincoln,RlPnOFESSIONAITHAINING•201440HourHAZWOPER•2011:8-HourHAZWOPERRefresher2010:Certified,SmithDefensiveDrivingInstructor•2010:Certified,FirstAidnndRedCross3II'•••••••••••••••;Stl201HNorthpointAvenue·HighPoint,NorthCarolina27262RITASIMAS336.899.7947L8lsimasrita@yahoo.com2009:ReilsonnblcSuspicionDrug/AlcoholSupervisor2008:NewMinerTrainingMSJ-IA2007,2006,2001,2000:FlightTrnining2005,2001:CommonStriltcgyrrniningOne{f\vo2004:FAAAcademylnterpersonnlSkillsfortheLeadershipRole200..J,2000,1996:CustomerServiceTrilining2004,2003,1997:DU1SupervisorRecognizingDrug/AlcoholWorkplnceTrilining2003:TransportationSecurityAdministmtionSecurityScreeningTminingilndInstructionTraining2003:OSHARecordkeepingTraining2003,2001,2000:EmergencyResponseTrnining2003,1996:FlightAttendnntTrilining2002,1996:AirTransportntionSupervisorTraining2000:BusinessLetterWritingTraining1999-2006:GuildfordCountyNCSubstituteTeacher1999:FAAAcademyOccupationalSafetyforSupervisors1991:International"!raining41Johnullin sEXHIBIT3I)u!J.,,•I\I•'1/J•h.!•Kii•/h•Jltl.u••n,uh.ulh"c;lll.ul•••u•SkillsPeople-oriented,results-drivensenioroperationsexecutivewith+25yearsexperienceleadingmulti-unitoperationswithamarketleaderintheDomesticandInternationalAviationsector.Recognizedforaparticipativemanagementstyle;resultsfocused,entrepreneurialandpractical.Enjoytransforminghighpotentialemployeesintoleaders,recruiting,coaching,mentoringanddevelopingcriticalskillsforoperationalsuccessandarobustsuccessionMulti-unitOperations,QualityControls,AccountManagementExcellence,Teambuilding,StrongP&LSkills,Coaching/MentoringExperienceDynamicAirways-October2014toPresentChiefOperatingOfficerAssumedpositionJanuaryogth2015VPSystemOperationsKeyAchievementsProjectmanagedandsuccessfullydeliveredFAArequiredcrewmanagementsystem.StreamlinedSOCFlightOperationsDispatchCentertomeetregulatorycompliance.ImplementedpolicyandprocedurestoensureregulatedcomplianceforTrainingandQualification.Introducedfuelanalysisprogramtocapitalizeonthemostcosteffectivefuelupliftsstrategies.EasternSkyJetsMay2013toAugust2014DirectorOCCKeyAchievementsSuccessfullyprojectplannedin-house$1.2millionSMSandQualificationsoftwaretoexceedGCAAauditin3monthsImplementedanddrovein-housedesigned3rdpartyinvoicingmodulecentralizingreceivablesjpayableswithingroundoperations,flightoperationsandfinanceimmediatelyrealizing+$100000USDcorrectinginaccurateand/orduplicatechargesperyearforprevious5yearsEffectivelymanagedandprovidedclarityforallnavigationfeesandassociatedaccruedcostsensuringaccuraterevenueseatmanagementpriortocontractsignaturesensuringprofitablereturnsforeachflightCollaboratedwithauthoritiestoensuresuccessfuldeparturenegotiatingDiplomatic,ShortNoticeorRegularPermitsincludingnon-scheduledover-flightandlandingpermits

# Identified

key opportunity

to issue arrival

visa charge

backs

to ESJ from

UAE immigration

in pax transfer charges resulting

in

a yearly savings

of $400

000 USD

per year Drove

and negotiated

DNATA contract

to provide

full ground support,

pax handling,

lounges

and electronic signage throughout

DXB

and 

# owe airports



# • • Negotiated

optimal

slots

with Dubai Airports

(ACL)

due

to meeting

92% +/-15 minute planned on-time arrivals and pushbacks Aligned

4 internal departments,

named

the department

IMCU (Integrated

Mission Control

Unit)

to improve military on-time performance

from

a standard historical

low

of 68%

to 94%

in

2 months resulting

in a 6 month extension

for $7.2 million

USD (Fleur) revenue Creator

of government

approved

Ground

Ops Service Manuals

to pass GCAA
audit

in

3 months 

# Roles

and Responsibilities Approve

all ordering

and operational requirements

with respect

to over-flight approvals,

catering,

fueling, landing

fees, aircraft handling

and equipment

charges Reconcile

and sign

off

all invoices

from various handlers

both domestically

and internationally

including

fueling, Euro Control,

lATA, navdata, Jeppesen,

hotels, aircraft servicing, catering,

lost baggage,
transfer baggage, visa control

and APIS Sign



# off flight plans based

upon optimized

route costs justifying Follow

up, reverse

and negotiate

credit

of

all incorrect
charges

Euro Control,

lATA
over

past

5 years Negotiate

"one

off" pricing

and SLA's

for airport

and aircraft servicing

for VIP charters Nominated

ground operations

post holder On- nme Performance Chairperson

- coordinate

multiple

teams simultaneously

ensuring
on-time performance Management

oversight

of

all 

# Yd party airport handling

both domestic

and international

(DNATA,

Dubai Airports,

ACL)

and contracts Additional

title assigned

as Director Business Development

ATA software

for SMS, Qualifications

and FDM units Accountable

for change management

within Operational

Control Center

- Logistics,

Sales, Spares,

MCC

and Dispatch Project Manage

all charters, schedule operations

including Forecasting

major

and minor aircraft

C checks ensuring

Sales

has

full visibility

of aircraft/product

down

time Ensure

all departments

are kept advised

of

all critical functions

of OCC 

# Navtech November

2012

- April 2013 Director

Sales Middle East/Africa/India

and Russia Key Achievements $250

000 USD

5 year contract

signed

first week

of employment Secured Navtech's invitation

into POC tendering

by Emirates

Airlines Combined

IBS Crew module

with Navtech's optimizer enabling Navtech

to participate

in the

EK POC Signed

$50 000

per week

in new customers

in Navdata

sales

Q3 and

Q4 2012

and

Q1 2014 Positioned

$900

000

3 module

suite

sale

to NAS

Air
for signature

Q4 2012•RolesandResponsibilitiesAccountabletodrivebusinessdevelopmentbymeetingaggressiverevenuetargets.Develop,coordinateandimplementmarketingplanstoincreaseMEAbusinessandcapturenewopportunities.Responsibleforallphasesofsellingrelatedactivitiesincludingprospecting,qualifying,accountplanning,consultativeselling,contractnegotiationsandrelationshipmanagement.ManagecurrentcustomersandproductstoensureprotectionfromcompetitorsEncourage/proposenew·partnershipsforbi-yearlyalignmentconferencetopotentiallyaddtoNavtech'sportfolioCoach/MentoraccountmanagerswithdeliveriesandensureprogrammersclearlyunderstanddeliverablesCreateandmanageownbudgetrelatedtotravel,prospecting,sitevisitsandHQmeetingsOmanAirMarch2008-November2011SeniorManagerPlanningandSchedulingKeyAchievementsInitiallyengagedassoleconsultanttoimplementIBS'AvientOpsSystemOmanAirsignedasmyemployerduringnegotiationsforIBSimplementationtobeaccountabletoremapallflightoperationsfunctionsandsupporting3rdpartysoftwareSuccessfullydeliveredandsignedUATinrecordtimeasperIBSandtheirquarterlyreportDefinedprocesswithcommercial,financeandoperationsdetailingallgroundandflightcostsforEUandfareastA330expansionin2009Initiatedhotelper-diemonsiteissuingforcrewincludingtransferstolocalhotelaccounts,issuingoffunds,reconciliationonadaily/weekly/monthlybalanceviaissuingstatementsIntegralpartofOmanAirport2014teamdeliveringpaxflowrates,crewflowratesandfacilityrequirementstosupport12millionpassengersannuallyand150%increaseinOmanAirtrafficSegregatedandre-trained29staffconsistingof4departmentstomanageupcomingairlinegrowthof450%ProvidedkeysupportforGMServiceDeliverytoensureallinflightcommitments,training,castingsandsoftwarewereinlinewithagreedcompanydirectivestoputOmanAirontheinternationalstageProvidedkeymanpowerplanningfiguresforecastingtoOmanAirCEOandOmanAirBoardforfullOmanizationChairpersonforHOTACCommitteetoselectandsignOmanAir'shotelfacilitiesinEuropeandtheFarEastRolesandResponsibilitiesContributeandattendC-levelBRMreviewstoprovidecostsavingsandpresentopportunitiestogainnewrevenueProvidedfinalsign-offandapprovalofincominginvoicesvsactualservicesprovidedandreconcile

# Create

hotel committee,

check

lists, contracts

and onsite review

for Oman

Air layover

hotels Liaise closely

with Products/Services,

CFO, Chief

of Flight

Ops, Chief

of IT, Fleet Managers

and Senior Manager of Crew

to ensure

the smooth

rollout

of

4 interdependent
departments

and control spends

as per yearly assigned
budgets Project

lead

for Oman Airport Passenger

and Crew

Flow analysis Optimize departmental cross-function

and workflow

of Crew Planning,

Crew Qualification,

Man Power Planning, Crew Scheduling Departments

and
IOC Prepare

and obtain required

DGSAS

sign

off 

# for new scheduling

software

and planning software. Ensure

all training

and manpower

plans

are created optimally



# + 12 months

in advance

to meet

the planned network,
product

and service growth

and new fleet types Responsible

to hire qualified/experienced

staff

to operate

the 24/7 operations 

# Gulf

Air March

2004

- March

2008 Manager

Crew Planning

and Scheduling Key Achievements 22 Staff realigned

to ensure compliance

to the most strict government

rules following catastrophic
operations

failure leading

to GF 071 crash Introduction

of AIMS,
Sabre

to GF Operations

and rollout

to crew, accounting

and

HR Analysis

and

cut back

of 2000

pax meals

per week

out

of subsidiary

Gulf Traveller

AUH

due

to over contracting

set

up years earlier resulting

in

a annual savings

of $1.45 million

USD Introduction

of an annual

leave program providing

a reduction

of 15000 surplus
annual

leave
days accrued

over



# a

8 year period adding

$2.2 million

USD

to the bottom

line Created

and provided

online "voluntary

early retirement calculator"

to support company

and government

initiative

to offer early retirement

for any

GF employee Promoted

high achieving Bahraini's

to manage

indiv

i dual departments 

# Roles

and Responsibilities Manage

and coach

4 interdependent
departments

and budgets consisting

of 22 staff

to meet service

and operational requirements Accountable

member

of On

- Time Performance

team ensuring

any/all delays

are addressed

and strategy

to correct

is initiated Processing

all yearly

costs related

tra

i ning, rosters, violations

and unplanned

leave

of 2900
staff Sign

off

to payroll including

all callout

pay,
sold leave
days

and deductions Weekly meetings

with GCAA governing

body

to review

any issues

of legalities Attend

and Provide

C

- level reports
during
CEO's

BRM meetings Optimally

plan

all training,

rosters,
annual

leave

and software

mods

on

a monthly

basis

# Ad-Opt/Kronos

March

2002

- March

2004 Executive

Sales Global Key Achievements



# • Reduced expected

Tier

1 sales cycle
from

18 months

to

8 months

for acquiring
contract signature (Continental Airlines) Countered

product

failure

by introducing

incentive

based onsite software provider

kiosk- ensured

$2.4 million USD



# + 12% maintenance

support

fee was

not jeopardized Advised programmers

in successfully
pioneering

a manpower

planning

module
adding

20%

to new revenue stream-

sold

to Fed=EX,

UPS, Emirates,

Qantas,

Etihad After

8 months, achieved budgeted

revenue

by
3rd 

# quarter

initial
year Filled pipeline

for 168 programmers

by Q2 second

year slowing

all new business opportunities Lead

host representing

Ad-Opt

for NACU, AGIFORS

and additional

industry conferences

- resulting

in unplanned

contract signings

of



# +

1 million

USD 

# Roles

and Responsibilities Within

a global territory,

achieve

new sales revenue

and exceed personal targets/quotas Create

and manage

yearly budgets

to operate

the international

unit including costing's

for technical support, delivery

team, training

and accounts receivables Possess excellent business

skills

for managing prospects

through

out
the sales process Prepare

and present

clear, compelling

and persuasive

sales presentations Effectively negotiate

terms, conditions,

pricing

and commitments

that enhanced profitability

and

the business relationship Work

with delivery specialists

to look

for and

act

on opportunities

for increased

revenue

during implementation Pursue meetings

and build relationships

with decision
makers

and maintain awareness

of potential

issues affecting customers Create

a plan

for prospect identification

and development Manage

the sales process

to maximize

the return

on key ratios

for visits

and proposals Participate

in "think tanks"

with Product Management

as required

to improve product outputs

both current

and concept

stage

# • Canada

3000 Airlines Limited Manager

Crew Planning

and Scheduling

1997-

2001 Key Achievements Selected software systems

based

on optimal

return

on investment

for crew

and fleet schedules Introduced

$2.5 million bidding system

to 

# 3500 crew Provided

single customer

contact

point number

for

all airline bookings

within
North America

using 

# 1-800

FLY 

# 3000 Managed
delivery

plan

of optimizer

for commercial scheduling,

planning

and rostering

system Successfully

proposed manpower

planning concept

to software provider

to optimize

fleet

and subsequent

crew growth Maintained

annual savings

of 1.3 million

US

on projected

annual growth

costs

of crew

and equipment

needs

for airlines expansion

from 1995

to 

# 2001 Integrated

Sabre's AirCrews

system Mercury Scheduling

and Bornemans

Crew Trac system successfully

within

live environment Managed

aircraft

and crew recovery

for 9/11 disruption
resuming scheduled

service
ahead

of
all Canadian

carriers increasing

monthly revenues

of 5%

by recovering
stranded passengers

over

a period

of

7 days Managed



# 10 days

of "Quebec

Ice Storm" departures

to ensure continuation

of YUL-

COG flights 

# Roles

and Responsibilities Provide

yearly

plans

for

all crew

for annual

leave

and recurrent

training Managed

team

of six

to deliver monthly
rosters, medicals, recurrent trainings

and schedules Chair monthly scheduling committee

with
pilot

and cabin

crew unions

. Participated

in HOTAC committee inspecting

and negotiating

all global

crew hotel terms

and conditions Conduct monthly

new

hire inductions

to electronic
system's

and how

to's

to receive highest satisfaction

to increase employee retention 

# Canada

3000 Airlines Limited Crew Planner

Airbus

and Boeing

Pilots 1993-1997 Key Achievements Introduced

internet concept

for

all crew

to interact

and access

crew docs,
crew rosters,

crew training,

crew trips

and

trip trade system Created

and managed

all deliverables

to align

with newly appointed

Union (ALPA) induction,

training, deadheading,

hotel requirements Create optimal sustainable

trips increasing

crew utilization

by 8%

or $90 OOOCAD

per month

vs planned budget. Increased utilization

of trips

and rosters enabled

a 1:4 less crew required

per

4 aircraft deliveries



# ,,

# • Roles

and Responsibilities Build Monthly

3r

a 

# party training

plan

one year

in advance Apply monthly

plan

60 days

in advance

to simulator bookings, transport

hotel

and crew trainers

and trainees Deliver

legal optimal
rosters

by 21st

of previous

month Create strategic

SBY rosters

based

on departure

and compelling

events

to ensure coverage

for mixed

and whole

lines

of flying Export

to two down

line systems

and correct

all system

bugs manually 

# Canada

3000 Airlines Limited Crew Scheduler

1992 -1993 Key Achievements Effectively managed commercial

schedule countering

monthly

CDG strikes

by establishing



# 2"

d and

3"' party relationships

for transport

(Air
and Ground)

and

rest facilities Integral

part

of canada

3000 Open
Skies presentation

team educating

travel agents during seasonal conventions 

# Roles

and Responsibilities Ensure

all flights

are staffed
legally

by trained

crew Updating

all systems

both manual

and electronic

to document

all operating movements Manage

and decision
making

for any/all unforeseen occurrences

during

the

12 hour
shift Reconfirm

all bookings

names

and destinations

on

a 24 and

48 hours schedule

for hotel, transport

(air and ground)

and

per diems Debrief

with flight

ops director

and

VP operations

on

a daily basis 

# Canada

3000 Airlines Limited Cabin
Crew 1989-1992 Key Achievements Discovered

and fought inflight

fire during transatlantic

flight

from Glasgow Member

of the Canada

3000 Safety
Team 

# Roles

and Responsibilities Senior

Flight Attendant responsible

for the safe

and on-time departure

of each flights Conduct

crew briefings

on safety

and company

policiesManagedcrewandpassengersissuesonboardEnsurebrandandproductdeliveryweresuccessfullycarriedoutResponsibleforcrewonlayoversreticketing,hotels,transportandper-diemsEducationComputerTechnology-SheridanCollege-Brampton,Ontario,Canada1982-1984Sciences-StMartin'sHighSchool-,.."'DENNISL.CONNER13902GlendevonCourtCharlotte,NorthCarolina28273-6601704-953-3513(Cell)EXHIBIT4flyclt@aolcomQUALIFICATIONSFAACommercialInstrument;RotorcraftHelicopter,AirplaneSingleEngineLandCurrentClassIMedicalCertificateTotalTimeHelicopterAirplaneMulti-engineHelicopter517150401314312FLIGHTEXPERIENCEPilotinCommand4270CrossCountry3165MountainExp.1963DesertExp.1825OPERATIONALEXPERIENCE-CivilianandMilitaryexperienceasaSafetyManagerandOfficerFAACertificateNumber2689795ExcellentHealthNightWeatherNVGFlightSimulator-AviationCounterDrug,Anti-terrorismandLawEnforcementSupportexperience.510103692117-InternationalFlightExperience;Afghanistan.Iraq,SouthKorea,Japan.SaudiArabia,Kuwait.-ComputerliteracyandMicrosoftOfficeSuiteproficient(Word,PowerPoint,Excel,etc...)-Extensiveflightexperienceincludes;OverWater,MountainousTerrain(5-14k),ColdWeather;Snow-Icing,DesertandTropicalJungle,ExternalLoads,RescueHoist,Para-DropandParachuteOperations.-6YearsInternationalAirAmbulance(MEDEVAC)experience.-34+YearsasaPilotandasanAircrewmemberwithdiverseaviationexperiencesandaprovensafetyrecordwithariskmanagementphilosophy.-CFRPart135opsinBH214ST,BH412EPandEC135HelicopterEMSincludingNVGoperations.2014-Present2010-2014$125,000yr6wkson/offrotation2009-2010$175,000yr6wkson/offrotation2008-2009$115,000yr6wkson/offrotation2008-2008$65,000yrWeekon/off12hourshifts2005-2008$325,000yr,WORKHISTORYDynamicAirways-Director,SafetybasedinGreensboro,NC.ResponsibleforbuildingandimplementingSafetyManagementSystem(SMS)forthecompanyandensuringcompliancewithfederal,stateandlocalpolicy.Erickson/EvergreenHelicopters-BH214STFlightInstructorandCompanyCheckAirman(Philippines,Afghanistan,Africa),inspectedandestablishedallheliport/airfieldoperationsinforeigncountriesinsupportoftheDepartmentofDefense.Compliedwithhostcountry,ICAOandFAAregulatoryguidance.ResponsibleforallBH214STPilotaircrafttraining(initialandadvanced)andcurrency.TheBH214STisa>12,500TypeRequiredAircraft.ActionAviation-HEMSDirectorofOperationsinSaudiArabia.EstablishedproceduresforHelicopterOperationswherenoneexisted,includedfuelstorageareasandmaintenance/industrialareas.EstablishedMOAs/MOUswithRiyadhATCandtheKing'sGuardaswellasvariousairports.EvergreenHelicopters-LeadPilotforHEMS/Logistics/TransportationCFRPart135operationinthePhilippines,supervise16pilotsandwasdirectlyresponsibleforhostcountry,ICAOandFAAregulatorycompliance.AirMethodsCorporation-HEMSSinglePilotVFR/NVGPrograminmountainousWestVirginia,establishedanewbaseofoperationstoincludeproceduresandagreementswiththeAirportBoard.GS-13/14(Equivalent),DepartmentofStateAirWing(DynCorpInti)HueyIIPilotinAfghanistan.Responsibleforinternationaloperationsandprocedures.inclusiveofDutyLocationIHazardPays50to70hrsperwk2004-2005$87,000yr45hrswk2002-2004$60,000yr60+hrsperwk40+hrsperwk2002-PresentAsNeeded2002-200365+hrsperwk1997-200240+hrsperwk1995-199740hrsperwk19951994-199540hrsperwk1992-199450hrsperwk1989-19921986-19871979-1986AstheAviationSafetyOfficer,IworkedwithAirfieldSafetyandAirTrafficControlonoperationalissues(MOAS/MOUs)andwroteandimplementedproceduresforanewStateDepartmentHeliportattheendofthetaxiwayatKandaharAirBase,Afghanistan.FlewnumerouscombatIcounterNarcoterrorismmissions.CSC-ContractPilotoperatingMl-8/17,Ml·2AircraftandCorporateAviationSafetyOfficerformultipleoperatingbases.Manyaspectsofthisprogramwereandcontinuetobeclassified.MPRI-CivilianContractorfortheBaggageScreenerProgramatitsinception.IwastheAirportLogisticsManagerfortheentireoperationinCharlotte,NC,CharlestonandGreenville,SC.Isupervisedallofthestudents(20perclasswithamaximumof6classes)andmaintainedtheclosedLANcomputersystems.Orderedreplacementcomputersasnecessaryandinstalledallupdatesasneededforthedurationoftheprogram.Iwasthesinglepointofcontactforthehotelmanagementonallissuesfortheprogram.CivilianContractorforLogisticsOperationsinKuwait.IwastheOpsOfficerandVehicleControlOfficerfortheRapidFieldingInitiative.WroteSOPsfrotheuseandmaintenanceofthevehicles.NegotiatedservicecontractswithlocalKuwaitishops.ConnerConsulting-ConsultantforSafetyandCFRPart91&135OperationsAdviseclientsonfacilitiesandoperations,toincludewrittenoperationalmanuals/SOPstoensureregulatoryandriskmanagementcompliance.SoutheastCitijet,LLC-PilotandDirectorofFlightOperationsandSafety;wasadbaofAAGoutofNY.SurveyedandestablishedheliportandhelistopslAWallfederalregulations.Establishedproperproceduresforthecompany.FG-8(1802),FederalAviationAdministration,FlightStandardsDivisionAviationSafetyTechnicianattheCharlotte,NCFSDO.ProcessedAirmanapplications.administeredvariousAirmantests,developedandpresentedsafetyinformationclassestothepublicandaviationpublic.ServedastheFlightStandardsrepresentativetotheCharlotteAirRouteTrafficControlCenterHelicopterUsersGroup.Workingwithexternalorganizationsandcompaniesonairtrafficdeconflictionandefficiency.Dep'toftheArmyCivilian,191hTAACOM-ForceStructureandBattlePlanning,G3AdministrativeOfficerinDaegu,SouthKorea.SelectedtoattendConductofManagementStudiesCourseasafundedTOYtoCpZama,Japan.USArmy-RetiredfromActiveDuty,Japan.JapanFlightDetachment,CampZama-PilotUH-1andUH-60Aircraft,CompanyAviationSafetyOfficerandCompanyAviationLifeSupportEquipmentOfficer.ConductedrequiredEmergencyResponse(Crash)Drillsforthecommand.Korea,3771hMedCo(AA)-PilotUH-60A,AviationSafetyOfficer,H-805HeliportManagerandAviationSafetyOfficerforthe191hSupportCommandinDaegu,SouthKorea,receivedaLetterofInputformyOfficerEvaluationReportfordutiesastheHeliportManager/AviationSafetyOfficer.ConductedmonthlyEmergencyResponseDrillsfortheheliport/airfieldandannualDrillsforthecommand.ResponsiblefortheMonthlyAviationSafetyAuditsfortheheliport.FortBragg,NC,82ndAbnDiv-PilotUH-60AIL,BattalionAviationLifeSupportEquipmentOfficer.NumerousdeploymentsincludingDesertShieldIStorm.Korea,377lhMedCo(AA)-PilotUH-60A,AviationLifeSupportOfficerH-805Heliport,Daegu,SouthKoreaFortRucker,AL,USArmyFlightTrainingUSArmyAeromedicalFlightMedic/EmergencyMedicalTechnician,assignmentsincludedCONUSandOCONUS.EDUCATIONB.S.,RegentsCollege,1985(nowknownasExcelsiorCollege),USArmyAviationSafetyOfficerCourse,FAAINSIAccidentInvestigation/SafetyCourses,USArmyChiefWarrantOfficerAdvancedCourseUSPassportIssued:19Mar2007Expires:18Mar2017Ul > m s \....._ <( u -E m c > 0

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EXHIBIT

5 **~J**

! J H

;: I

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1!

_1 h 3

I lGaryMarlonKramer,Cl,A2608ManchesterDriveSpringfield,IL62704USMobile:317·989-6754Slll.lll·uil,lllll.,:l.}•'gm.IIILolllEXHIBIT6http://w\\tabprotopEDUCATIONUniversityofIllinois-BAAccountancy,magnacumlaudeEmbry-RiddleAeronuuticulUniversity-BAProfessionalAeronautics,cumlaudeU.S.ArmyAviutionLogisticsSchool-AviationMaintenance-LogisticsManagement&MaintenanceTestPilotCourseU.S.ArmyAviationSnfetyCenter·AircraftAccidentInvestigationCourse-GroundandAviationPreventionOfficersCourseEXPERIENCESeptember2014-Prcsent,DynumicAirwaysLLCChiefFinanciulOfficer..July2012-September2014,EricksonHelicoptersInc.AdministrativeSiteManager.September20II-September2012,Gr)'phonAirlines-KuwaitController/ChiefFinancialOfficer.Febrmlr)'2006-September2011,DynCorpJnternntionnl:l,hilippinesOperationsSupport(XR2Contrnct)-ZambonnguCity,PhilippinesBusinessManager.InternalAudit-Dubai,UAESeniorManager.InternalAudit-Dubui,UAEManager.PhilippinesOpen1tionsSupport(CIUContrnct)-ZambonngaCity,PhilippinesBusinessManager.I>cccmher2005-Murch2006-USI>AWildlifeMnnngement,MISDataTechnicianGS0303TemporarypositionuntilstartdatewithDynCorpInt.March2003-.July2005,.Johnsonl>c\·clopment,LLC-Springfield,IllinoisGeneralManager/SeniorAccountant.2002-2003,I>ynCorpSuudiArabh1FinanceManagementandBudgetAdvisortoRovalSaudiAirForce<RSAF}.2000-2002,OfficeortheAuditorGeneral-Springfield,IllinoisCompliance,Management.andPerformanceAuditor.SPECIALSKILL,CERTIFICATION,and•CertiliedPublicAccountant•SecretSecurityClearance-Active•Member-SigmaBetaDeltaScholasticHonorSociety•AwardedtheU.S.ArmyLegionofMeritCurrent Assets Checking/Savings

Dynamic Airways

LLC Balance

Sheet 30 November

2014 1020

· Wells Fargo Checking 1030

· First Niagara (Escrow) Total Checking/Savings Accounts Receivable 1100

· Accounts Receivable

- Trade 1103

· Due from Chapman Freeborn 1105 ·Due
from Travel

Span 1106

· Due from

JW Aviaton 1107 ·Due
from

WIN

Air 1108

· Due from Vision Airlines 1184

· Due from

Air India Total Accounts Receivable Other Current Assets 1101 ·Miscellaneous

Account Receivabl 1400

· Prepaid Insurance

- Aviation 1402

· Prepaid Insurance

- WorkersComp 1450

· Prepaid Expenses 1451

· Prepaid

Rent 1474

· Deposit-

Taj Hotels 1475 ·Deposit-

Air India

(Haj 2013) 1476

· Deposit-

Air India

(Haj 2014) 1477

· Deposit

- GSO Sewer Hookup 1479

· Deposit- PANYNJ 1499

· Balance

Due from

EZ Jet Total Other Current Assets Total Current Assets Fixed Assets 1610

· Aircraft

Parts 1611 ·Software 1711

· AID Software 1611

· Software

- Other Total1611 ·Software 1630 ·Vehicles

& Trailers

3,341,325.30

300

. 00 3,341

, 625

. 30 149,166

. 66 44,820

. 11 5,752

. 35 174,583

. 33 331,475.04 37,385

. 00 3,601,092

. 48 4,344,274.97 72,591

. 01 117,737

. 36 90,979

. 00 347,718

. 61 1,500

. 00 15,352

. 31 80,500

. 00 420,000.00 600.00 (101,781

. 43) 52,004.15 1,097,201

. 01 8

, 783,101

. 28 361,407

. 91 (15,234.45) 95,235

. 18 80,000

. 73 EXHIBIT

71730 ·AID Vehicles

& Trailers 1630

· Vehicles

& Trailers

w Other Total1630 ·Vehicles

& Trailers 1640 ·Computers

& Office Equipment 1740

· AID Computers&

Office Equipment 1640

· Computers

& Office Equipment

w Other Total1640 ·Computers

& Office Equipment 1645 ·Tools 1650

· Machinery

& Equipment 1750 ·AID Machinery

& Equipment 1650

· Machinery

& Equipment-

Other Total1650

· Machinery

& Equipment 1685 ·Leasehold Improvements Total Fixed Assets Liabilities Current Liabilities Accounts

Payable 2010

· Accounts

Payable

- Trade Total Accounts

Payable Credit Cards 2202 ·Wells

Fargo Credit Cards Total Credit Cards Other Current Liabilities 2260

· Deposit-

JW Aviation 2265

· Deposit

• CITS (CTU/GUM) 2266

· Deposit

• CITS (PEK/GUM) 2267

· Deposit

• CITS (HKG/ROR) 2268

· Deposit

w Century

Tours 2271

· Deposit -World

Cup 2014 2273

· Deposit-

Classic

Air 2274

· Deposit-

Avias Aviation 2275

· Deposit-

1/Mint

Aero

Ltd 2280

· Deposit

- EZ Jet 2281

· Deposit·

CITS (SHE/GUM) 2299

· Balance

Due

to EZ Jet 2300

· Unearned Revenue 2301 ·Deposit-

CITS 2300

· Unearned Revenue-

Other

(914

. 15) 33

, 853

. 00 32,938

. 85 (206,001

. 10) 287,503

. 15 81,502.05 1,300

. 00 (1,696

. 96) 23,505

. 00 21,808

. 04 5,740

. 00 584

, 697

. 58 9,367,798.86 5,090,769.99 5,090,769

. 99 475

, 505

. 35 475,505

. 35 149,166

. 66 493,800

. 00 1,209,510.63 499

, 985

. 00 180,000.00 183

, 100.00 30

, 000

. 00 85,000.00 760,166

. 36 800

,1 26

. 00 112,606

. 00 89,778

. 35 3,892

, 250

. 87 187,110.61

# Total
2300

· Unearned Revenue Total Other Current Liabilities Total Current Liabilities Long Term Liabilities 521 0-L

T

· R&M
Parts, Overhaul,

etc

.. 5250-L

T

· R&M

- AC Labor. 61 00-L

T

· Aircraft
Lease. 61 05-L

T

· Engine Reserves. 6400-L

T

· Airframe

Lease. Total Long Term Liabilities Total Liabilities Equity 3210

• Partner

1 **~Kraus** 

# 3211

• Partner

2 **~Woolley** 

# 3300

· Retained Earnings Net Income Total Equity

4,079,361.48 8,672,600.48 14,238,875

. 82 1,943,746.78 237,477.19 821,093.27 1 ,488,298.50 327,338.50 4

, 817,954

. 24 19,056,830.06 2,800

, 000

. 00 11,699,000

. 00 (4,651,272

. 66) (19,536,758

. 54) (9,689,031

. 20) 

# 9,367,798.86606

PM 01107

/15 Aecruar

**Baa~•** Ordinary Income/Expense Income

Dynamic Airways

LLC Income Statement November

2014 4100 ·Income·

Flight Revenue 4990

· Income

• Miscellaneous Total Income Gross
Profit Expense 2500

• Other Expenses 5020

· Jet Asia Partner 5038

• Labor

- Other 5039

· Contract

Labor

- Other 5040

· Payroll

Tax Exp 5055

· Insurance

- Health/Disability 5063

· Employee

Medical

Costs 5065

· Employee Uniforms 5080

· Employee
Housing

• Rent 5095

· Employee
Benefits

- Mise 5120 ·Supplies

· Non-Aircraft 5140

· Pilot Expenses 5190

· Office Supplies 5204

· Maintenance

Expense 5205

· R&M -Consumable

AC Supplies 5210

· R&M- Parts, Overhaul,

etc.

Dynamic Airways Profit

& Loss November

2014 1,922

, 141

00 211

, 720

22 2,133

. 861

. 22 2,133

, 861

. 22 155

. 664

00 49 264

00 1,027

, 812

83 127

, 376

58 89

, 143

59 52

, 202

56 274

. 00 928

17 2

, 396

00 912

59 1

, 099

90 1 127

. 50 7 619

28 15 706

00 5

. 217

30 5212

· 767DA

Parts

17

, 831

59 5213

· 770JM

Parts

5

, 107

88 5214

· 253MV

Parts

104

. 492

00 5215

• 254MV

Parts

31

, 520

40 5218

• 246AV

Parts

33,571

. 33 5219

• N999VV

Parts

6,200

. 00 5210

· R&M ·Parts, Overhaul,

etc.- Other **-----==-:.;7,~4;:.:29:-;**

**;:.:80:-** Total

5210

· R&M ·Parts, Overhaul,

etc.

206,153

. 00 5250

· R&M

- AC Labor 5252

• 767DA Labor 5254

· 253MV
Labor 5255

· 254MV
Labor Total
5250

• R&M

• AC Labor 5282

· R&M -Grounds 5293

· Flight Dispatch Software 5294

· Computer

Support Agreements 5295

· Flight Safety Software 5310

· A/C Fuel 5312

· 767DA

Fuel 5313

· 770JM

Fuel 5314

· 253MV

Fuel 5319

· 254MV

Fuel 5310

· AJC Fuel- Other Total
5310

· AIC Fuel 5330

· Shipping 5331

· Postage 5350

• Insurance

• Aviation 5500

· Airfare 5500-01

· Pilots 5500-03

· Mx 5500-04

· Mgmt 5500·05

· Others 5500

· Airfare

- Other

2.500

00 2,000

00 1.500

00 6,000

00 213

. 00 9,597

. 32 8 ,7 14

10 9

, 254

69 440

, 429

39 14.343

24 98

. 659

31 171.786

98 777

, 816

79 1

, 503.035

71 54

, 012

76 1

, 183

09 5 ,4 88

00 1

, 010

96 314

66 26

, 268

45 2

, 792

20 75000

# 6

0 6 PM 0 1107115 Accru

a• Baaj

a 

# Total
5500

· Airfare 5510

· Travel-

Per Diem-
Meals 5510

- 02

· FA Per

D

i em 5510-03

· MX Per Diem 5510-05

· Other

Per Diem Total5510

· Travel-

Per Diem.
Meals 5515

· Travel

- Lodging 5515-03

· Mx 5515-04

· Mgmt 5515-05

• Others 5515

· Travel- Lodging-

Other Total

5515 ·Travel- Lodging 5520

· Travel

- Other 5545

· Meals

& Entertainment 5550

· Telephone/Internet

Expense 5555

· Telecommunications/Cell

Phones 5570

· Utilities 5610

· Vehicle

Fuel 5620

· Vehicle

Rental 5630

· Landing

Fees 5632

· Ground Handling 5633

· Parking -Aircraft 5635

• A

i rway Charges 5650

· Catering 5651 ·Fees 5650

• Catering

- Other Total

5650

· Catering 5652

· Aircraft Cleaning 5653

· DCS/Ticketing 5658

· Station Expense 5660

· Rent Expense 5680

· Security 5700

· Dues

& Fees 5705

· Visas/Work Permits/Fees 5710

· Subscriptions

& Manuals 5715

· Fines/Penalties 5720

· Bank Charges 5721

· Merchant Processing

Fees 57 40

• General
Advert

i sing 5751

· Legal

Fees 5755

· Consulting

Fees 5756

· Flight Planning 5757

• Overflight 5775

· Sales/Use

Tax 5776

· Import

Tax 5800

· Training 5990

· Miscellaneous

Expense 6100

· Aircraft

Lease 6600

· Payroll Expenses 7050

· Passenger

Fees

• USA 7060

· Passenger

Fees -CHINA Total Expense Net Ordinary

Income

Dynamic Airways 

# Profit

& 

# Loss Hovltmber

2014 

# 3

1 136

2 7 700



# 00 330

00 5

, 360

98 6

, 390

98 6,163

02 6,601

33 3,265

26 38,682

45 54

, 712

. 06 2

, 650

. 93 1

, 653

10 2

. 512

70 4

1 6 98 3

, 999

85 52 44 2

. 751

33 30

, 293

54 305

, 465

49 14

. 081

02 4

, 404

55 1

, 566

64 30

, 058

04 31,624

68 307

, 75 2

. 333

41 10

, 854

31 11 216

85 13 210

. 01 2

. 916

10 2

. 340

00 11

. 511

, 38 21

. 83 1

. 2 18

. 69 4

. 661

95 5

. 03

7

. 05 31

. 41882 46

, 658

35 18

, 006

89 5

, 330

95 3

, 2 04

04 1 6 00 59

. 2 61

30 4

, 11000 10

, 000

00 1

, 636

8 2 1

, 730

00 2 6.

2

3 5 81 4

, 10

5,

7

8 0 20 (

1 .971.9

18 98

) (

1

, 971

, 91

8

. 98

)

# Dynamic Airways Notes

to Financial Statements November

2014

and December

2014- November

2015 1 These statements

were prepared

in accordance

with Generally Accepted Accounting
Principles
(GAAP). 2 Dynamic Airways

uses straight-line

method

for depreciation

and amortization. 3 Unearned

revenue

is recorded

as deposits

until performance

has been satisfied. 4

Cost

of capitalization

is moot

as this

is

a privately

owned

LLC financed

by the owners. 5 During

the summer

and

fall

of 2014, Dynamic entered

into

a wet lease agreement

to provide charter service

under

the AOC

of Air India

. Services

were to include aircraft, maintenance, crewmembers,

and insurance

(ACMI).

Flights were flown between

India

and Saudi Arabia

for the Hajj pilgrimage.

Upon completion

of the final charter

a dispute

arose whereby

Air India Refuses

to pay Dynamic

for certain

of the charters

. Dynamic computes

the amount

owed

by Air India

at approximately

$4.4M

. Our

VP

of Technical Accounting

Services

is citizen

of India

and

is currently
working

in India

to negotiate

a settlement. 6

The financial statements

were prepared

by Jeevan Malhotra-

VP

of Technical Accounting

Services,

and Gary Kramer,

CPA-

CFO

of Dynamic

. Mr

. Malhotra

' s education

includes

a BA

in Aviation Engineering,

a BA

in Aviation Management, and

an MBA

in Finance

. He has over seven
years finance

and accounting experience

, all

of which

is

in the aviation industry.

Mr. Kramer's education includes

BA Professional Aeronautics-Safety

and

BA Accountancy

. Mr

. Kramer is

a Certified

Public Accountant.

Mr. Kramer's experience

includes

audit

, accounting,

and management

in government, government contracting,

and aviation. 7. Dynamic's

payable balance

as

of the balance

sheet dates

was

$4

. 1 M,

of which $3.97M

is over

60 days, mostly dating

prior

to the change

in ownership

and management.

In 2014, Dynamic underwent

a complete reorganization

of all personnel

from CEO, COO,
CSO,

CFO down

to the manager

level.

The reorganization implemented

new business

rules, internal controls

and systems

to maximize efficiency

and economy

. The carrier

is currently working

with

its suppliers

to establish repayment

plans

to satisfy

its debts, continue

to operate, and continue

to do business

with

its vendors

. Dynamic anticipates
satisfying

the majority

of

its aged payables

upon successful negotiations

with

Air India

. 8.

With

the exception

of Jinan

, PRC, Dynamic

has established

its operating

stations and expended

all funds necessary

to operate

the proposed scheduled

service

.Noadditionalpre-operatingcostswillbeexpendedgiventhatthecarrierhascommencedoperationsatsaidstationsonacharterbasis.DynamicexpectsthatthestartupexpensesfortheJinanstationwillbeapproximately$100,000.Nootherpre-operatingexpensesfortheJinanrouteareanticipated.9Allprojectionsforafive-aircraftfleetassumecontinuation(thoughunderscheduledauthority)ofthecarrier'scurrentcharteroperations,viz.NewYork(JFK)toGeorgetown,Guyana,andChangsha-Anchorage-LosAngelespassengerservice,andcargoservicebetweenMiamiandvariousSouthAmericancities.Theprojectionsfortheexpandedfleetassumethepresentcargooperationswillcontinueforthecomingyear;however,beginninginMay2015asnewaircraftaregraduallyadded,scheduledoperationswillcommencebetweenJinan,ChinaandAnchorageandLosAngeles.10.Theprojectedfinancials(ExpandedFleet)showoperationofamaximumofnineaircraft.Dynamicplanstokeepthetenthaircraftasareserveaircraft.2DynamicAirwaysLLCAccountsPayableOver60Days30November201461-90A.B.WonPatAirport(GUM)3,709.25ACLAirshop0.00Aero8,Inc.0.00AeroInstruments&Avionics,Inc.288.00AeroSafetyGraphicsInc.0.00AeroData,Inc.(4,179.00)AeroportdeQuebec0.00AirConformity21,617.05AirSpares,Inc.1,310.16AirborneMaintenance&Service0.00AllUniformWear#10.00AMES0.00APHIS258.98AppliedTechnicalServices0.00ArgusInternational,Inc.0.00ArincInc.6,882.33AT&TU-verse0.00AviaII119.13AviationOnePteLtd(1,420.47)Aviation,Avionics&InstrumentCo.0.00AvinorAS0.00AviolinxCommunicationandServicesAB1,067.29Aviosupport0.00BKPEnterprises0.00BluePacificTours1'100.00BoeingDataandServicesManagement21.60BoroscopeOnVideo,Inc3,744.82CANAS0.00CanonFinancialServices,Inc.156.47CaribbeanCargo&PackageSvc.0.00CarolinaGreenLawnCare213.00CHCofVirginia,Inc.0.00ChemoilCorporation0.00CivilAviationDepartment(HonkKong)19,319.87CNMICustomsServices0.00CommonwealthPortsAuthority11,520.56ComputerawareLLC0.00CTSILogistics-OH0.00CTSILogistics,Inc15,980.20DALGlobalServices(GUM)11,783.60DashAviation6,500.00DashGroup,Inc.600.00Dean'sOfficeMachines,Inc1,712.42DepartmentofHomelandSecurity0.00DiamondConsultingCorporation0.00EXHIBIT8>90TOTAL9,605.3613,314.611,031.32 1,031.32(461.00) (461.00)6,605.606,893.602,021.382,021.380.00(4,179.00)11,714.3811,714.380.0021,617.0584.001,394.1610,011.6010,011.601,608.981,608.981,167.18 1,167.185,454.505,713.484,000.004,000.009,300.009,300.009,428.2416,310.57159.00159.007,016.267,135.390.00(1,420.47)684.00684.00115.86115.860.001,067.2995.2695.26(30,745.00)(30,745.00)0.001,100.0011,597.7511,619.350.003,744.822,402.432,402.43179.56336.03600.00600.000.00213.00(0.20)(0.20)141,233.68141,233.68537.5119,857.382,070.002,070.00119,376.39130,896.95375.00375.00423.83423.830.0015,980.200.0011,783.600.006,500.00636.001,236.00674.592,387.012,150.002,150.00750.00750.00DynamicJetLease,LLC0.00327,338.50327,338.50DynamicResearch0.00716.22716.22Earthlink133590880.00(64.81)(64.81)Earthlink133683030.00158.62158.62EasternDataSecureSolutions266.880.00266.88Elavon18,294.21983,114.161,001,408.37ELPAviation6,000.000.006,000.00Empathia,Inc.0.001,500.001,500.00Freightquote.com0.00178.74178.74GallinFoodsInc0.00819.07819.07GenesisAviation,Inc.0.00420.00420.00GlobalAirtech0.00824.00824.00GoogleInc.0.00712.33712.33GreensboroCanteenRefreshmentServices185.82193.23379.05GulfRegents245,000.0019,384.78264,384.78Haeco(HongKong)(13,752.37)0.00(13,752.37)HeartSmartTechnology0.001,039.871,039.87HoustonAirportSystem0.00175.00175.00Impressions0.005,650.005,650.00InfinityAir,Inc.0.003,090.003,090.00IronMountain0.0067.2167.21IT&E0.003,088.363,088.36J.A.King&Company0.00750.70750.70Jani-KingoftheTriad0.00511.00511.00JapanCivilAviationBureau15,990.5820,938.3736,928.95JeppesenSandersonInc9,046.828,809.8417,856.66JetMidwestGroup0.00424,204.19424,204.19JetMidwestTechnik90,951.60146,525.59237,477.19JetMidwest,Inc.211,343.001,064,110.451,275,453.45KMWLeasing,LLC0.001,488,298.501,488,298.50L&TGroupofCompaniesLtd0.0026,444.3326,444.33LarryGuo(Guoling)(PEK)2,466.370.002,466.37LeMeridienMedina149,610.40115,000.00264,610.40LSG(GUM)14,048.820.0014,048.82LSGSkyChefs(HK)0.00(20,000.00)(20,000.00)MainamiKukoServiceCo.,LTO.0.0039,180.1639,180.16MaxAccess0.007,388.007,388.00MiamiNOTInc.0.0019,192.0719,192.07NIAIndustries,Inc.0.00159.00159.00NorthAmericanAircraftServices0.009,000.009,000.00NovantHealthPrimeCare0.0044.0044.00OfficeNationalde!'AviationCivile0.0013,147.3213,147.32PacificAirIndustries,Inc.0.0012,800.0012,800.00PacificAirportServices-Guam3,624.470.003,624.47PacificAirportServices-Saipan0.0087,040.1187,040.11PanAmInternationalFlightAcademy0.009,690.009,690.00PegasusAviationServices,LLC0.002,613.002,613.00PetroNettCo.,Ltd.0.00200,620.73200,620.73PetrobrasDistribuidoraSA0.00(25.11)(25.11)PiedmontNaturalGas0.00(3.50)(3.50)POlAviation11,972.2660,407.8172,380.07PortAuthorityofNY/NJ0.006,005.006,005.00PRNewswire0.003,093.003,093.00Proair(SSA)0.0018,502.0118,502.01PublicCharters,Inc.0.0010,500.0010,500.00QAVAviationSystems,Inc.0.0011,021.2511,021.25QuillCorporation1,490.741,768.723,259.46RoraimaAirwaysInc0.0028,125.9128,125.91RoyalMediaGroup455.000.00455.00SainathTradingFZE580.000.00580.00SASGroundHandlingNorwayAS0.0050,027.4550,027.45ShelbyFinancialCorperation660.00628.001,288.00SherwoodAviation0.003,395.003,395.00SkyAerospaceEngineering,Inc.11,894.56(2,010.00)9,884.56TajHotelGroup(30,000.00)(15,352.31)(45,352.31)TimcoAviationServices0.002,905.002,905.00TimeWarnerCable263.96253.35517.31TravelskyTechnologyLimited(CHINA)0.0012,503.9412,503.94TraveiSkyTechnologyUSALtd.0.002,086.102,086.10TropicalLaundry&LinenSupplyCo.,Ltd0.001,350.241,350.24TSA(911FEE)0.003,937.503,937.50TurboResources0.0011,900.0011,900.00TycoIntegratedSecurityLLC188.130.00188.13UltraAviationManagement73.8512,779.3212,853.17VerizonWireless0.00109.35109.35VictrixInternational,LLC0.00120.00120.00VidecomInternationalLimited450.000.00450.00WakeForestUnivHlthSci0.00149.00149.00WelbornElectric,Inc.0.005,150.005,150.00WellsFargo(17,048.60)0.00(17,048.60)Wencor,LLC35.001,524.701,559.70WorldFuelServices,Inc.(156,636.05)(130,979.46)(287,615.51)WorldwideCharter0.00128,563.75128,563.75WSICorporation11196.001,196.002,392.00680,956.715,586,408.126,267,364.83

# Dynamic Airways

Projected Income Statement

December 2014- November 2015

(Five Aircraft Fleet)

in thousands



# 2015

DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV Total



# --- -- 

# -- REVENUE

Cargo/Passenger AC a Mo. 

# 2/3 2/3 2/3 2/3 2/3 2/3 2/3 2/3 2 / 3 2 / 3 2 /3 2/3

Cargo' 

# 2,101 2,101 2,101 2,101 2,101 2,101 2,101 2

, 101 2

, 101 2

, 101 2

, 101 2

. 101 25,212

Passenger 

# 4,589 4,589 4,589 4,589 4,589 4,589 4,589 4

, 589 4,589 4

, 589 4

, 589 4

, 589 55

, 062

TOTAL REVENUE 

# 6,690 6,690 6,690 6,690 6,690 6,690 6,690 6,690 6,690 6,690 6,690 6,690 80,274

EXPENSE 2



# Lease Payments 3 

# 176 176 176 176 1 7 6 176 176 176 176 176 176 176 2

. 1 12

Adm•n 

# & Operations Mgmt• 

# 187 1 6 7 192 192 19 7 1 97 207 207 207 207 207 207 2

, 389

Fhght Crew Labors 

# 31 1 311 311 311 3 1 1 311 311 311 311 311 311 311 3

. 731

AJC Ma1ntenance 6 

# 650 650 650 650 650 650 650 650 650 650 650 650 7,799

Tra1mng 

# & Staff Development 7 

# 157 10 21 136



# - - 112 10 5 

# 10 11



# . 470

Flight Operat1ons Dispatch 8 

# 98 39 36 36 36 36 96 37 37 37 37 37 562

A1rcraft lnsurance 9 

# 144 143 140 144 143 144 143 144 144 143 144 143 1

. 718

Jet Fuel' 0 

# 3,057 3,057 3,057 3,057 3,057 3,057 3,057 3,057 3

, 057 3

, 057 3

, 057 3

. , 057 36

. 682

A•rpor1

, Stat1on

. Landing. Fees 11 

# 353 352 559 628 628 628 628 628 628 628 628 628 6

, 919

Catenng/Passenger Expense 12 

# 158 153 155 158 158 158 158 160 161 161 161 161 1

, 903

Crew Travel Expenditures 13 

# 93 93 93 152 1 5 2 152 152 219 219 219 219 219 1

. 985

Fac• h ties/Oifice/Adm•n Expense' 

# 7 1 71 71 71 71 71 71 71 71 71 71 71 848

Profess•onal

# Fees**~** 

# 22 22 22 22 22 22 22 22 22 22 22 22 264

Commumcat1ons Systems 1 6 

# 17 16 16 17 

# 16 16 17 17 17 18 17 17 200

TOTAL EXPENSE 

# 5,494 5,279 5,498 5,750 5,616 5,618 5,799 5,708 5,704 5,708 5,710 5,698 67,583

NET INCOME 

# 1,195 1,411 1,192 939 1,073 1,072 890 982 986 981 979 992 12,692

FOOTNOTES

1 Cargo A1rcraft @ 6 Pilots and one Mechanic per AC as contracted

2 

# 2 cargo/3 passenger a•rcraft

Revenue only power by the hour lease payments lor Cargo. Passenger aircraft leases are deferred long term ! iab d ily

Salaries lor Operations Management Personnel 

# & Contractors

$ 

# Average of 3 0 p1lot crews 

# & 

# 14 night attendants per operational atrcraft monthly

6 

# Heavy Checks, eng1ne mx LLP's reserved at 

# S700 per block hour and AC rolabtes

, expendables

. line mx are reserved at 

# SJOO per block hour

7 

# Pilot, Flight Attendant Mamtenance. Loadmaster

. Dispatcher, Haz Mat. Secunty & TSA Recurrent Tra : mng lor a n personnel. 

# m

• Flight Operations: Dispatchers. Flight Plannmg, Flight Trackmg, A1rport Perfonnance Data 

# X

Monthly premtum cost on monthly Increase from 

# 5 to 

# 10 aircraft coverage on an**annua zed**  

# bas1s 

# I

10 

# International fuel@ 

# 1,450 gallons per hour@ 

# S3 07 per gallon per block 11 ght hour



# -

" Assumes 

# 1 land ng for 

# 5 flight hours charter and scheduled flights. Cargo fuel1s a pass thru

. 

# OJ

12 

# Catering and drinks/snacks expenses lor passengers and crew for all flights 

# - -1

13 

# All scheduled crews one home rotation monthly Includes all ground transport for flight crews 

# c.o

•• Covers leased Facilities. Storage

. Utihlles, office expenses. payroll serv1ces, bank charges, postage

, shtpptng, and mtscellaneous expenditures

•s Marketing, engineenng, techmcal. accounting, legal, and aviabon professional consultants

16 

# Telephones, company-wide ce I phones

. mternet serv1ces. and a1rcraft communication systems

# REVENUE

Cargo/Scheduled AC a Mo

.


# Carqo 1



# Scheduled



# TOTAL REVENUE

EXPENSE 2



# Lease Payments 3



# Admin 

# & Operat1ons Mgmt•

Flight Crew Labor)

AJC Matntenance 6



# Tracnong 

# & Staff Development '

Fhght Operations Dispatch "

Atrcralt Insurance'

Jet Fuel 10



# A1rpor1. Statton

. Landing. Fees"

Cate n ng/Passenger Expense 1 2



# Crew Travel Expenditures ' 1



# F ac lh liesfOffice/Admln Expense"

Professional Fees 15



# Commun~cattons Systems "



# TOTAL EXPENSE

NET INCOME 

# Dynamic Airways

Projected Income Statement

December 2014- November 2015
(Expanded Fleet)

in thousands



# 2015

DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT



# 2/3 2/3 2/3 2/3 2/3 2/4 2/4 2/5 2/5 2/6 2/6

2,101 2,101 2,101 2,101 2,101 2,101 2,101 2,101 2,101 2,101 2,101

4,589 4,589 4,589 7,714 7,714 7,714 7,714 11,638 11,638 16,359 16,359

6,690 6,690 6,690 9,815 9,815 9,815 9,815 13,739 13,739 18,460

**~460**



# 176 176 176 176 176 176 176 176 176

187 187 192 192 197 197 207 207 207

311 311 311 415 415 415 415 518 518

650 650 

# 650 953 953 953 953 1,334 1,334

157 10 21 136



# - - 112 10 5

98 39 36 36 36 36 96 37 37

144 143 140 159 157 159 157 175 175

3,057 3

, 057 3

, 057 4

, 102 4

, 102 4,102 4,102 5,415 5,415

353 352 559 1,051 1,051 1,051 1,051 1,582 1,582

158 153 155 240 240 240 240 346 347

93 93 93 203 203 203 203 366 366

71 71 71 71 71 71 71 71 71

22 22 22 22 22 22 22 22 22

17 16 16 17 16 16 17 17 17

5,494 5,279 5,498 7,774 7,639 7,641 7,823 10,273 10,269

1,195 1,411 1,192 2,041 2,176 2,174 1,992 3,465 3,469

FOOTNOTES

1 

# Cargo Atrcralt @ 6 Ptlots and one Mx per AC as contracted

2 cargo/3 passenger atrcraft mcreas1ng over the twelve months to 2 cargo and 8 scheduled aircraft based on contract revenue

Revenue only power by the hour lease payments for Cargo

. Passenger aucralt leases are deferred long term

**~ab**

**~ty** 

# Salanes for Operations Management Personnel 

# & Contractors

5 

# Average 

# of 3

. 0 pilot crews 

# & t4 

# night attendants per operational aircraft monthly 

# 176

207

622

1,792

10

37

187

6,994

2,221

471

439

71

22

18

13,265

5,195

6 

# Heavy Checks

. eng1ne mx

. • llP's reserved at S640 per block hour and AC rotables

. expendables

, ftne mx are reserved at SJOO per block hour

Pilot

, Flight Attendant. Maintenance. loadmaster. Dispatcher, Haz Mat. Secunly & TSA Recurrent Tracnong for aM personnel

Fltght Operations : Dispatchers. Flight Planning, Flight Track1ng

. Atrll0r1 Performance Data

Monthly prem1um cost on monthly 1ncrease from 5 to 10 atrcrart coverage on an annualized basts

10 

# International fuel@ 1

. 450 gallons per hour@ S3

. 07 per gallon per block flight hour

11 

# Assumes 1 landing for 5 fl1ght hours chaner and scheduled nights

. Cargo fuel 1s a pass thru

12 

# Catenng and drinks/snacks expenses for passengers and crew for all nights

1 

# l 

# All scheduled crews one home rota1on monthly Includes all ground transport for 1t1ghl crews

14 

# Covers leased F acililies. Storage. Utilities, offiCe expenses, payroll servtces. bank charges. postage

, shlppmg. and m1scellaneous expenditures

15 

# Markeltng, engrneenng. technical. accounhng, legal. and aviation proresstonat consultants

16 

# Telephones. company-wtde cell phones 1nternet serv1ces

. and a1rcrafl communtcation systems 

# 176

207

622

1,792

11

37

190

6,994

2.221

471

439

71

22

17

13,268

5,192 NOV Total

2/7



# 2,101 25,212

21,879 122,493

23,980 147,705

176 2,112

207 2,389

725 5,596

2,327 14,340



# - 470

37 562

202 1,989

8,841 59,239

2,968 16,045

616 3,677

512 3,211

71 848

22 264

17 200

16,720 110,943

7,260

**~762**

# REVENUE

CargoiScheduled AC a Mo.

Cargo'

Schedu ' ed



# TOTAL REVENUE

EXPENSE 2



# Lease Payments '

Adm1n 

# & Operations Mgmt 4



# F h ght Crew**Labor ~** 


# AJC Ma1ntenance 6



# T ra1nmg 

# & Staff Development '

F h ght Operat1 o ns D1spatch •

A •

rcraft

# Insurance**~**
Jet Fue l 1 0



# A1rport

. Station

. Landing

, Fees 11



# Cater • ngiPassenger Expense 1 2



# Crew Trave l Expend1tures n

F

# ac**111es10ffice/Adm1n** Expense 14



# Profess1onat Fees' s

Commun1cat1ons Systems 1 1



# TOTAL EXPENSE

NET INCOME 

# Dynamic Airways

Projected Income Statement

December 2014**~November** 

# 2015

(Expanded Fleet)

in thousands



# 2015

DEC JAN FEB MAR APR MAY JUN JUL AUG



# 2/3 2/3 2/3 2/3 2/3 2/4 2/4 2/5 2/5

2,101 2,101 2,101 2,101 2,101 2,101 2,101 2,101 2,101

4,589 4,589 4,589 7

, 714 7

. 714 7,714 7,714 11,638 11,638

6,690 6,690 6,690 9,815 9,815 9,815 9,815 13,739 13,739

176 176 176 176 176 176 176 176 176

187 187 192 192 197 197 207 207 207

311 311 311 415 415 415 415 518 518

650 650 650 953 953 953 953 1

, 334 1,334

157 10 21 136



# . . 112 10 5

98 39 36 36 36 36 96 37 37

144 143 140 159 157 159 157 175 175

3,057 3,057 3,057 4

. 102 4,102 4,102 4

, 102 5

, 415 5

, 415

353 352 559 1,051 1,051 1,051 1

, 051 1

, 582 1,582

158 153 155 240 240 240 240 346 347

93 93 93 203 203 203 203 366 366

71 71 71 71 71 71 71 71 71

22 

# 22 22 22 22 22 22 22 22

17 16 16 17 16 16 17 17 17

5,494 5,279 5,498 7,774 7,639 7,641 7,823 10,273 10,269

1,195 1,411 1,192 2,041 2,176 2,174 1,992 3,465 3,469

FOOTNOTES

1 

# Cargo A1rcraft 

# @ 6 Pilots and one Mx per AC as contracted

2 cargo/3 passenger aircraft increasing over the twelve months to 2 cargo and 8 scheduled a1rcraft based on contract revenue

Revenue only power by the hour lease payments for Cargo

. Passenger a1rcraft leases are deferred long term liability

Salanes for Operations Management Personnel 

# & Contractors

5 

# Average of 3 

# 0 pilot crews 

# & 

# 14 H : ght attendants per operational a•rcraft monthly 

# SEP



# 2/6

2,101

16,359

18,460

176

207

622

1

. 792

10

37

187

6

. 994

2,221

471

439

71

22

18

13,265

5,195

6 

# Heavy Checks, engine mx

. LLP's reserved at 

# S640 per block hour and AC rotabtes, expendables. line mx are reserved at 

# S300 per block hour

Pilot

. Flight Attendant. Ma•ntenance

. loadmaster

. Dispatcher

. Haz Mat. Security & TSA Recurrent Tra1nmg for all personnel

. Flight Operations Dispatchers

, F l ght Planmng

, Fl i ght Track m g

, A1rport Performance Data

9 

# Monthly prem1um cost on monthly

# ~ACt**ease** from 5 to 

# 10 aercraft coverage on an annualized bas1s

1 0 

# lntemallonal fuel 

# @ 1

, 450 gallons per hour@ S3 

# 0 7 per gallon per block flight hour

" Assumes 1 landeng for 5 night hours char1er and schedu " ed H1ghts Cargo fuel1s a pass thru

. 12 

# Catering and drinks/snacks expenses for passengers and crew for

# ~ flights

13 

# A ll schedu ' ed crews one home rota1on monthly Includes a m ground transport for H1ght crews

.

1

• 

# Covers leased Facilities

. Storage

. Utilit i es

. office expenses

. payroll services, bank charges, postage, sheppeng, and mescellaneous expenditures

15 

# Marketing eng1neenng

, techmcal

. accounhng, lega l. and aviateon professional consultants

1 6 

# Telephones

. company-wide ce n phones

. 1ntemet serv1ces

. and aercraft commumcat1on systems 

# OCT NOV Total



# 2/6 2/7

2,101 2,101 25,212

16,359 21,879 122,493

18,460 23,980 147,705

176 176 2,112

207 207 2,389

622 725 5,596

1

, 792 2,327 14,340

11



# - 470

37 37 562

190 202 1,989

6,994 8.841 59,239

2,221 2,968 16,045

471 616 3

. 677

439 512 3,211

71 71 848

22 22 264

17 17 200

13,268 16,720 110,943

5,192 7,260**762**

# Dynamic Airways

Projected Balance Sheet

December 2014- November 2015
(Five-Aircraft Fleet)

in thousands



# 2015

DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV



# ---- ---- 

# ---- ---- --- ASSETS

Current Assets

Cash 

# 6,878 8,737 10,588 11,682 13,208 14,735 15,648 17,154 18,594 19,601 21,034 22,480

Accounts Receivable 

# 4,344 4,344 4,344 4,344 4,344 4,344 4,344 4,344 4,344 4,344 4,344 4,344

Other Current Assets 

# 1

, 380 1.237 1

, 097 1

. 384 1,241 1

, 097 1,386 1.241 1,097 1,384 1.240 1,097

Total Current Assets 

# 12

, 602 14

, 318 16 029 17

, 411 18,794 20,176 21,378 22,739 24,036 25,329 26,618 27,921

Fixed Assets (Net)

Aircraft Parts 

# 3 7 1 381 391 411 431 451 481 511 541 571 611 651

Software 

# 80 80 80 80 80 80 80 80 80 80 80 80

Vehicles 

# & Trailers 

# 33 33 33 33 33 33 33 33 33 33 33 33

Computers & Office Equipment 

# 8 7 87 87 87 87 87 87 87 87 87 87 87

Machinery & Equipment 

# 23 23 23 23 23 23 23 23 23 23 23 23



# ---- ---- ---- ---- ----

Fixed Assets (Net) 

# 595 605 615 635 655 675 7 05 7 35 765 7 95 835 875

TOTAL ASSETS 

# 13,197 14,922

# ~ 18,045 19,448 20,851 22,083

# ~~~~~

LIABILITIES & EQUITY

Liabilities

Current Llabililles

Accounts Payable 

# 5,753 4,968 5,187 5,278 5,298 5,318 5,348 5,380 5,410 5,440 5,480 5,520

Credit Cards 

# 586 585 585 645 644 644 645 711 711 712 711 711

Other Current Liabilities 

# 8,673 8.673 8,673 8,673 8,673 8,673 8,673 8,673 8.673 8,673 8,673 8,673

Total Current Liabililles 

# 15,012 14,226 14,445 14,596 14,615 14,635 14,666 14,764 14,794 14,825 14,864 14,904

Long Term Llabililles• 

# 4,818 4,818 4,818 4,818 4,818 4,818 4

_,_ 818 4

. 818 4

, 818 4

, 818 4

. 818 4

, 818

Total Llabililles 

# 19,830 19,044 19,263 19,414 19,433 19

. 453 19

. 484 19

. 582 19

, 612 19

. 643 19

. 682 19

. 7 22

Equity

Partners' Equity 

# 14,499 14,499 14,499 14,499 14,499 14

, 499 14,499 14,499 14,499 14,499 14,499 14,499

Retained Earnings 

# (21 '132) (18,620) p7,118) (15,867) (14,48 3 ) (13,101) (11.900) 

# ##### (9,311) (8

, 018) (6,728) (5,425)

Total Eqully 

# (6

. 633) (4

, 121) (2

, 619) (1

. 368) 16 1

, 398 2

, 599 3

, 892 5

, 188 6,481 7

, 771 9,074

TOTAL LIABILITIES & EQUITY 

# 13,197 14,922 16,644 18,045 19,448 20,851 22,083 23,474 24,801 26,124 27,453 28,796

# Cargo/Passenger AC



# EXPENSE

Lease Payments '

Adm1n & Operations Mgmt

F l ight Crew Labor2

AIC Maintenance )

Tra.n.ng & Staff Development•

F h ght Operations

# Dispatch**~**
Aircraft lnsurance 6



# Jet Fuel '

Airport

, Station

. Landing, Fees 8



# CatenngfPassenger Expense ?

Crew Travel Expenditures

Facilities/Office/Adm•n Expense

Profess•onal Fees

Commun1cat10ns Systems



# TOTAL EXPENSE 

# Dynamic Airways

Statement of Additional Expenses

December 2014

- November 2015

(Aircraft 6-1 0)

in thousands



# 2015



# DEC JAN FEB MAR APR MAY JUN JUL AUG



# --

0 0 0 1 1 2 

# 2 3 3



# 104 104 104 104 207 207

39 39 39 39 155 155

136



# - 

# - 112 10 5

36 36 36 96 37 37

15 15 15 15 31 31

133 133 133 133 534 534

61 61 61 61 223 223

48 48 48 48 81 82

51 51 51 51 146 146



# - - - 623 486 487 658 1,424 1,420



# FOOTNOTES

' Passenger aircraft are owned by the Principles. Lease payments are deferred long term liability.

2 

# Average of 3.0 pilot crews & 14 flight attendants per operational aircraft monthly 

# SEP OCT NOV Total

4 4 5 5



# 311 311 415 1

, 865

348 348 619 1

, 780

10 11



# - 283

37 37 37 389

44 46 59 271

1,201 1,201 2,136 6,140

493 493 871 2

, 549

135 135 208 833

219 219 292 1,226

2,799 2,802 4,637 15,336

3 

# Heavy Checks, engine mx., LLP's reserved at $640 per block hour and AC rotables, expendables, line mx are reserved at $300 per block hour

Pilot. Flight Attendant, Ma.ntenance, Loadmaster, Dispatcher

, Haz Mat, Security 

# & TSA Recurrent Training for all personnel.

s Flight Operations

· Dispatchers, Flight Planning, Flight Track.ng, A1rport Performance Data

& 

# Monthly premium cost on monthly 1ncrease from 5 to 

# 1 0 a1rcraft coverage on an annualized bas1s

1 

# International fuel 

# @ 1450 gallons per hour 

# @ SJ 07 per gallon per block night hour

0 

# Assumes 

# 1 landing for 5 flight hours of night

9 

# Catenng and drinks/snacks expenses for passengers and crew for all flightsCERTIFICATEOFSERVICEIherebycertifythatIhavethis1thdayofJanuary,2015,causedtheforegoingdocumenttobeserveduponeachpersonlistedbelowviae-mail:gmurphy@crowell.comdan.weiss@united.comsteve.morrissey@united.comanita.mosner@hklaw.comjennifer.nowak@hklaw.comsascha.vanderbellen@delta.comchris.walker@delta.comcefelts@fedex.comrobert.wirick@aa.comhoward.kass@aa.comfrancis.heil@aa.comDwight.moore@ustranscom.milperkmann@cooley.comjhill@cooley.comjohn.s.duncan@faa.govbrian.hedberg@dot.govbrett.kruger@dot.govreese.davidson@dot.govrobert.finamore@dot.govesta.rosenberg@dot.govtodd.homan@dot.govpeter.irvine@dot.govlaura.remo@dot.govdamon.walker@dot.govBenjamin.taylor@dot.govjames.verre@faa.govenglets@state.gov