- -1 -o 

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CO 

SCHUMA N AVIATION COMPANY, LT D 

130 lOLANA PLACE, HONOLULU , HI 96819 

808-834-5813 FA X 808-837-7867 EMAIL Richard@makanikai.com 

Februarys, 2010 

Damon Walker 

Docket Operations 

1200 New Jersey Ave SE Rm W12-140 

Washington, DC. 20590 

Docket DOT-OST-2010-0006 

RE: Letter dated February 5, 2010 

Dear Mr. Walker 

Here is the response to your questions on the letter you send dated February 5, 2010. 

#1. Clyde Kawasaki started working for Schuman June 16, 2009. 

#2. Kyle Gray is no longer employed by Alpine Air. Kyle started full time October, 3'"'^, 2010. 

#3. Mike Iven is employed only with Schuman, date of hire June 12, 2008. Mike is both my FAA Part 135 

Director of Maintenance and FAA Part 145 Accountable Manager. As far as the Robinson Helicopter Factory 

Service Center, Mike is not an employee of Robinson. In Hawaii, Mike is named as the Robinson Factory 

Service Center representative for maintenance and all Robinson work is run thru the Repair Station. 

#4. Enclosed is January 2010 financials. 

#5. Enclosed is a letter from Bank of Hawaii. 

#6.Schuman Aviation Company Ltd does not have nor have we ever needed a Line of Credit. All capital 

expenditures required have been accomplished through financing at traditional commercial establishments or 

purchase directly with profits. 

Pursuant to title 18 United States Code section 1001,1 RicJiard Schuman, President of Schuman Aviation Company, Ltd, in 

my individual capacity and as the authorized representative of the applicant, have not in any manner knowingly and 

willfully falsified, concealed or covered up any material fact or made any false, fictitious, or fraudulent statement or 

knowingly used any documents which contain such statements in connection with the preparation, filing, or prosecution of 

the application. I understand that an individual who is found to have violated the provisions of 18 U.S.C sections 1001 shall 

be fined nor more than $10,000 or imprisoned not more than five years, or both. 

Sincerely 

G. Richard Schuman 

President 

Makani Kai Helicopters - Makani Kai Air Cliarters - Ko Olina Helicopters - Pacific Air Express - Hawaii Aviation Services 
9:35 AM Makani Kai Helicopters 

02/10/10 Profit & Loss 

Accrual Basis Januar y 2010 

Jan 10 

Ordinary Income/Expense 

Income 

AIRPLANE INCOME 

AIRCRAFT REPAIR 

HELICOPTER OPS. 

Gift Shop Income 

MISC. SALE 

Total Income 

Gross Profit 

Expense 

AIRPLANE COST 

Professional Development 

OFFICE SUPPLIES 

UTILITIES 

TRAVEL & ENT 

TELEPHONE 

Repairs 

RENT 

PROFESSIONAL FEES 

Printing and Reproduction 

INTEREST EXPENSE 

INSURANCE 

EQUIPMENT RENTAL 

BANK SERVICE CHARGES 

AUTOMOBILE EXPENSE 

ADVERTISING 

HELICOPTER COST 

DRUG TESTING PROGRAM 

PAYROLL EXPENSES 

PROFESSIONAL DEVELOPEME... 

REPAIRS & MAINTENANCE 

TOUR OPS 

Total Expense 

23,946.07 

6,912.28 

147,922.27 

539.57 

38.56 

179,358.75 

179,358.75 

-22,296.87 

33.05 

2,705.42 

1,161.97 

1,063.25 

2,065.38 

3,036.65 

13,101.92 

5,749.21 

1,560.21 

11,085.66 

5,537.10 

389,42 

1,358.65 

3,741.79 

13,563.01 

24,941.82 

349.00 

82,091.98 

4,596:00 

2,905.00 

701.47 

159,441.09 

Net Ordinary Income 19,917.66 

Other Income/Expense 

Other Income 

INTEREST INCOME 22.16 

Total Other Income 22.16 

Other Expense 

OTHER EXPENSES 0.00 

Total Other Expense 0.00 

Net Other Income 22.16 

Net Income 19,939.82 

Pagel 
9:36 AM IVIakani Kai Heilcopters 

02/10/10 Balance Sheet 

Accrual Basis As of January 31, 2010 

Jan 31,10 

ASSETS 

Current Assets 

Checking/Savings 

CHECKING-BOH 

MAXI-MIZER SAVINGS-BOH 

Total Checking/Savings 

Accounts Receivable 

ACCOUNTS RECEIVABLE 

Accounts Receivable - Trade 

Total Accounts Receivable 

Other Current Assets 

INVENTORY 

INVENTORY ASSET 

OTHERS 

UNDEPOSITED FUNDS 

Total Other Current Assets 

Total Current Assets 

Fixed Assets 

AIRPLANE 

Accumulated Depreciation 

LEASEHOLD IMPROVEMENTS 

HELICOPTER 

FIXED ASSETS 

Total Fixed Assets 

Other Assets 

Income Tax Receivable - Federal 

Income Tax Receivable - Hawaii 

Deposits 

LOAN TO G. RICHARD SCHUMAN 

GOODWILL 

Accumulated Amortization 

Loan Fees 

Accumulated Amortiz - Loan Fees 

Total Other Assets 

TOTAL ASSETS 

LIABILITIES & EQUITY 

Liabilities 

Current Liabilities 

Accounts Payable 

ACCOUNTS PAYABLE 

ACCOUNTS PAYABLE - T/R 

Total Accounts Payable 

Other Current Liabilities 

Interest Payable 

CURRENT PORTION LTD 

Accrued Liabilities 

PAYROLL LIABILITIES 

SALES TAX PAYABLE 

Total Other Current Liabilities 

82,450.43 

102,495.82 

184,946.25 

147,933.50 

-22,309.92 

125,623.58 

97,082.94 

-721.50 

-100.00 

13,048.58 

109,310.02 

419,879.85 

250,000.00 

-2,090,656.07 

105,577.01 

1,957,536.10 

724,119.21 

946,576.25 

5,381.00 

14,284.00 

100,000.00 

34,851.64 

280,192.00 

-192,648.00 

5,000.00 

-83.00 

246,977.64 

1,613,433.74 

141,581.70 

80,941.84 

222,523.54 

6,581.05 

127,000.00 

5,000.00 

54,660,70 

-3,270.09 

189,971,66 

Total Current Liabilities 412,495,20 

Page 1 
9:36 AM IVfakaiii Kai Hellcopters 

02/10/10 Balance Sheet 

Accrual Basis As of January 31, 2010 

Jan 31,10 

Long Term Liabilities 

NOTE PRB BUILDING - 30000009 766,919.90 

LOAN FROM G. RICHARD SCHUMAN 548,022.46 

NOTE MINIBUS - PRB #22000050 22,977.76 

NOTE PAYABLE - PRB HELICOPTER 786,201.19 

Note Payable - BOH #2466 -979.74 

Note Payable - BUS BOH #2357 11,615.26 

Note Payable - BUS BOH #2281 9,671.42 

NOTE PAYABLE - SBA 15,803.86 

LESS CURRENT PORTION LTD -127,000,00 

NOTE PAYABLE 850,918.78 

Total Long Term Liabilities 2,884,150.89 

Total Liabilities 3,296,646.09 

Equity 

Capital Stock 20,000.00 

RETAINED EARNINGS -40,735.13 

OPENING BAL EQUITY -1,682,417.04 

Net Income 19,939.82 

Total Equity -1,683,212.35 

TOTAL LIABILITIES & EQUITY 1,613,433.74 

Page 2 
J h Bank of Hawaii 

Febraary 8,2010 

To Whom It May Concern: 

This letter is in response to your request for a Bank credit reference for 

Schuman Aviation Company^ Ltd. 

The company has been a Bank of Hawaii customer since 1998. Presently, the 

company maintains a business checking and savings account with the Bank. Balances in 

the checking and savings account are in the low six-figures. The accounts have been 

handled in a very satisfactory maimer. 

Overall, Bank of Hawaii has experienced a very satisfactory banking relationship 

with Schuman Aviation Company, Ltd. and its principal. 

Should you have any questions or require further assistance, please feel free to 

call me at (808) 694-8843. 

Sincerely, 

Bank of Hawaii 

0-^vK 

Dirk Yoshizawa 

Vice President and 

Commercial Banking Officer 

PO S;.;K S900 ' Hot;aJi.>ki. H! 968''6- 6000 ' Te- i -8:58-6-J3-3S8S • te!i,reni