Application of 

ELITE AIRWAYS 

BEFORE THE 

DEPARTMENT OF TRANSPORTATION 

OFFICE OF THE SECRETARY 

WASHINGTON, D.C. 

for a certificate of public convenience and necessity under 

49 U.S.C. 41102 to engage in interstate scheduled and charter 

air transportation 

APPLICATION OF ELITE AIRWAYS 

FOR CERTIFICATE OF PUBLIC CONVENIENCE AND NECESSITY 

Communications with respect to this document should be sent to: 

GREGORY S. WALDEN 

AKIN GUMP STRAUSS HAUER & FELD 

1333 New Hampshire Avenue NW 

Washington, D.C. 20036 

202-887-4213 

gswalden@akingump.com 

April 29, 2015 

Notice: Any person who wishes to support or oppose this application must file an answer by May 

15, 2015 and serve that answer on the above-signed counsel on all persons served with this 

application. 
Application of 

ELITE AIRWAYS 

BEFORE THE 

DEPARTMENT OF TRANSPORTATION 

OFFICE OF THE SECRETARY 

WASHINGTON, D.C. 

for a certificate of public convenience and necessity under 

49 U.S.C. 41102 to engage in interstate scheduled and charter 

air transportation 

APPLICATION OF ELITE AIRWAYS 

FOR CERTIFICATE OF PUBLIC CONVENIENCE AND NECESSITY 

Elite Airways submits this application for a certificate of public convenience and necessity 

authorizing interstate scheduled and charter air transportation pursuant to section 41102 of 

Title 49 of the United States Code (the "Statute"). 

In support of its application, Elite states the following: 

1. Elite is a limited liability company formed in 2006 under the laws of the State of Nevada. 

The business was started to serve the on-demand market with one Bombardier CRJ-200 

(CL-600-2B19) aircraft. Elite's primary focus is on NCAA sports charter business and has 

grown that business over the past three years to comprise a fleet of five CRJ-200 aircraft, 

four of which are owned. 

2. Elite's address, telephone and fax numbers are: 208 Fore Street, Portland, Maine 04101 

(207-842-6400), where Elite's corporate, dispatch, maintenance control, and 

administrative offices are located, and 1135 West Nasa Blvd., Melbourne, Florida 32901 

{321-265-5101), where Elite's main maintenance base is located; fax number is 207-221-

1578. A certificate of good standing from the Secretary of State of the State of Nevada is 

attached at Exhibit 1. 

3. Applicant is a citizen of the United States as defined in section 40102{a)(15) of the 

Statute. Elite is owned by (1) JWP Group LLC, a single-member LLC 100% owned by John 

Pearsall, who is a U.S. citizen; (2) the Lyle Family Trust, a trust managed by Robert V. Lyle 

and Susan Lyle and whose members are the Lyles' two children, all of whom are U.S. 

citizens, and (3) the Don Hankey Trust, whose trustor is Don Hankey, who is a U.S. 
Elite Airways Application for Certificate of Public Convenience and Necessity 

April 29, 2015 

Page 2 of 5 

citizen. This trust is managed for the benefit of Mr. Hankey's children, each of whom is a 

U.S. citizen. All officers and directors of Elite are citizens of the United States. Sworn 

affidavits stating that Applicant and each of its owners and officers is a citizen of the 

United States are attached at Exhibit 2. 

4. Applicant currently holds an Air Carrier Operating Permit #19EA891L under Part 119 of 

the Federal Aviation Regulations ("FARs") authorizing it to conduct charter operations as 

a supplemental carrier under Part 121 of the FARs. Applicant also has registered as an 

air taxi with the Department under Part 298 to operate aircraft designed for no more 

than 60 seats. Elite currently owns and operates four CRJ-200 aircraft with designed 

seating capacity of 50 seats {N91EA, SN 7705; N92EA, SN 7732, N93EA, SN 7563, N96EA, 

SN 7700) and leases one 50-seat CRJ-100 aircraft from AVMAX Group {Wells Fargo Bank, 

is owner-trustee)(N97EA, SN 7027). 

5. Applicant conducts scheduled charter services between Branson Airport and Houston 

Hobby and also between Branson Airport and Denver International Airport on behalf of 

Branson Air Express. Applicant also conducts charter services for the National Collegiate 

Athletic Association, flying sports teams of NCAA colleges and universities teams to and 

from road games, throughout the continental United States. 

6. Elite utilizes an in-house FAA-approved training program for pilots, flight attendants, and 

maintenance personnel. Elite primarily contracts with Pan Am in Minneapolis, 

Minnesota for simulator time on the CRJ with CAE as a back-up provider. Elite 

accomplishes a large percentage of maintenance in-house. Heavy maintenance is 

contracted out to C&L Aerospace in Bangor, Maine and manufacturer-owned West 

Virginia Air Center. 

7. Attached at Exhibit 3 is a sworn affidavit stating that each of these aircraft has been 

certificated by the FAA as airworthy and complies with all applicable FAA safety 

standards. 

8. Applicant requests authority to engage in (1) charter air transportation of persons, 

property, and mail, using CRJ-700 aircraft, with a designed seating capacity of 70 seats, 

in the same manner as Elite's current operations of the CRJ-200 aircraft; and (2) 

scheduled air transportation of persons, property, and mail using CRJ-200 and -700 

aircraft. Elite initially intends to inaugurate scheduled service between Branson MO, 

(BBG) and Houston TX, (HOU) five times per week. 

9. Applicant has leased from Regional One four CRJ-700 aircraft to add to its Operations 

Specifications ("Op Specs") and to operate these aircraft in both charter and scheduled 

operations. The addition of these aircraft will not change or add to Elite's management 
Elite Airways Application for Certificate of Public Convenience and Necessity 

April 29, 2015 

Page 3 of 5 

team. Incremental additions will be made in flight crew, flight control, and maintenance 

areas, mainly due to these aircraft having a common type certificate. 

10. Applicant will request an amendment of its Op Specs to add the CRJ-700 aircraft to its 

certificate as they are conformed to Part 121 specifications. No other new or additional 

authority from the FAA is required for the CRJ-700 aircraft. The Portland, Maine Flight 

Standards District Office has oversight jurisdiction for Elite's Part 121 certificate. Contact 

information: Douglas Bordeaux, Principal Operations Inspector, 207-780-3263 X141. 

11. A list of the owners of the Applicant, the number and percentage of total number of 

voting shares held by each owner, and the citizenship of each owner, is attached at 

Exhibit 4. 

12. Applicant does not have any operating division or subsidiary. Neither the applicant nor 

any officer of Applicant nor any substantial owner has a financial interest in any other air 

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

13. An organization chart of Applicant showing the position held by key personnel of the 

applicant is attached at Exhibit 5. The resumes and questionnaires for key personnel are 

attached at Exhibit 6. 

14. A statement that Elite's key technical personnel each meets the qualifications for their 

respective positions as set forth in 14 C.F.R. 119.65 and 119.67 is attached as Exhibit 7. 

15. Information about Applicant's financial position and operating plan is attached as 

follows: Exhibit 8 contains the balance sheet and income statements of the applicant for 

the most recent three calendar Years 2012, 2013, 2014, and 2015 through the first two 

months. Statements of liens, commitments, transactions, liabilities, judgments, and 

significant financial events since the preparation of the most recent financial statement 

are attached at Exhibit 9. Applicant's forecast balance sheet and profit and loss 

statement, and statements regarding capital needed to support applicant's operations 

are attached at Exhibit 10. 

16. Information about the compliance history of key personnel is included in the 

questionnaires attached at Exhibit 6. With respect to Elite, there is no current pending 

enforcement action or formal complaint involving the Statute, or rules or regulations of 

the Department, including the FAA, which involves the applicant. No criminal or civil 

charges alleging fraud, felony, or antitrust violations, or unfair, anticompetitive or 

deceptive business practices have ever been filed against Elite. Elite has never been 

involved in an accident or incident as those terms are defined by the National 
Elite Airways Application for Certificate of Public Convenience and Necessity 

April 29, 2015 

Page 4 of 5 

Transportation Safety Board ("NTSB"). See the answers to these and related questions 

in Exhibit 9. 

17. Elite's Family Assistance Plan required by Section 41113 of the Statute has been filed 

separately in Docket DOT-OST-96-1960 and a copy has been provided to the NTSB Office 

of Public Affairs. 

18. Applicant's current Certificate of Insurance, OST Form 6410, has been provided to the 

FAA (AFS-260) and is attached at Exhibit 11. A revised OST Form 6410 to reflect the 

higher insurance coverage required for scheduled operations will be filed when the 

applicant is ready to begin scheduled operations. 

19. The signed counterpart to the Montreal Agreement 18900 dated May 13, 1966, OST 

Form 4523, has been filed with Docket DOT-OST-1995-236, and a copy of which is 

attached at Exhibit 12. 

20. Applicant's Contingency Plan for Lengthy Tarmac Delays required by Part 259 has been 

approved by the Department and is contained on applicant's website. 

Exhibits 

trauss Hauer & Feld 

lite Airways 
Elite Airways Application for Certificate of Public Convenience and Necessity 

April 29, 2015 

Page 5 of 5 

CERTIFICATION 

The contents of this application and the attached Exhibits are true and correct to the 

best of my knowledge and belief. Pursuant to Title 18 United States Code Section 1001, 

I, John Pearsall, in my individual capacity and as the authorized representative of the 

applicant, have not in any manner knowingly and willfully falsified, concealed or failed to 

disclose any material fact or made any false, fictitious, or fraudulent statement or 

knowingly used any documents which contain such statements in connection with the 

preparation, filing or prosecution of the application. I understand that an individual who 

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

imprisoned not more than five years, or both. 

~~ ohn Pearsall 

President 

Elite Airways 

April 29, 2015 
Elite Airways: Application for Certificate of Public Convenience and Necessity 

Exhibit 1 

Certificate of Good Standing 
YOFSTA.~ 

CERTIFICATE OF EXISTENCE 

WITH STATUS IN GOOD STANDING 

I, BARBARA K. CEGA VSKE, the duly elected and qualified Nevada Secretary of State, do 

hereby certify that I am, by the laws of said State, the custodian of the records relating to filings 

by corporations, non-profit corporations, corporation soles, limited-liability companies, limited 

partnerships, limited-liability partnerships and business trusts pursuant to Title 7 of the Nevada 

Revised Statutes which are either presently in a status of good standing or were in good standing 

for a time period subsequent of 1976 and am the proper officer to execute this certificate. 

I further certify that the records of the Nevada Secretary of State, at the date of this certificate, 

evidence, ELITE AIRWAYS, LLC, as a limited liability company duly organized under the 

laws of Nevada and existing under and by virtue of the laws of the State of Nevada since January 

25, 2007, and is in good standing in this state. 

Electronic Certificate 

Certificate Number: C20150216-0142 

You may verify this electronic certificate 

online at http://www.nvsos.gov/ 

IN WITNESS WHEREOF, I have hereunto set my 

hand and affixed the Great Seal of State, at my 

office on February 16, 2015. 

~K.~ BARBARA K. CEGA VSKE 

Secretary of State 
Elite Airways: Application for Certificate of Public Convenience and Necessity 

Exhibit 2 

Citizenship Affidavits 
AFFIDAVIT OF CITIZENSHIP 

,/"" 

STATE OF ~?oAt ()4 

COUNTYOF &A-ev,q..;fO 

John Pearsall, being first duly sworn, deposes and says: 

1. That he is duly elected, qualified, and serving as President of Elite Airways and that he is 

authorized to and does make this affidavit for it. 

2. That Elite Airways is a citizen of the United States within the meaning of 49 U.S.C. 

40102(a)(15). 

Subscribed and swom to before me this ~~~ y of March2015. 

,,,, .. ,,, ~64 ~· (}:(;J:)-- .d~"' ''~t.'•-:. MARV E. ANDERSON 

i ~· • 1 Notary Public • State of Florida t 

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AFFIDAVIT OF CITIZENSHIP 

STATE OF FLORIDA 

COUNTY OF BREVARD 

_ _,J""'ohn=-W..:...:....:P:...:c=ars:::a::..:l'"'"l ___ being first duly sworn, deposes and says: 

1. That he/she is duly elected, qualified, and serving as --=Pr:..:::e=si=den=t ___ _ 

of _____ _.::E~li~te:.:.A~i!..!rw~auv~s ___ and that he/she is authorized to and 

does make this affidavit for it. 

2. That __ R_e_f'C'._~_/_._...);__tt_~_1l__·~_AJ_. __ .is a citizen of the United States 

within the meaning of 49 U.S.C. 40102(a)(15). 

Subscribed and sworn to before me this 

,, I •(ill" :. 

£Jilt, . I L day of fv\(u( h '2015 
AFFIDAVIT OF CITIZENSHIP 

STATEOF FLORIDA 

COUNTY OF BREVARD 

_ __,J'-"o=hn~W...:..:...,;:P::....;:e=ars=al;:....l ___ being fl.t'St duly sworn, deposes and says: 

1. That he/she is duly elected, qualified, and setving as ---"-Pr::.;:;e:si=de=n=t ___ _ 

of _____ --=E~li.:::te:...:..Airw.::;·:...:..:.::a::.t.y!;:...s ___ and that he/she is authorized to and 

does make this affidavit for it. 

2. That r 0'3~"1 v. L-t l.e' ~ "€, is a citizen of the United States 

within the meaning of 49 U.S.C. 40102(a)(15). 

-r\\.. II. ~. Subscribed and swom to before me this \ L day of 1'-~\0..\Cl\ • 2015 
AFFIDAVIT OF CITIZENSHIP 

STATE OF FLORIDA 

COUNTY OF BREVARD 

_ __,J:..:::o~hn:o:...W..:..:.....:P,_,e.,.ars=al"'""l ___ being first duly sworn, deposes and says: 

1. That he/she is duly elected, qualified, and serving as ---"-'Pt=-=·e~si=de:::.n:.:.t ___ _ 

of _____ __..:;;;E::!lit.:::::e:..:.Ail.::;'~w.:.::a::.Ly~s ___ and that he/she is authorized to and 

does make this affidavit for it. 

2. That _D_o_I\J_R_._~_A_f'.J_k_-_t::"'_V...;._ _ __.is a citizen of the United States 

within the meaning of 49 U.S.C. 40102(a)(15). 

l '7f'\1 ~~ J , r 1 

Subscribed and sworn to before me this L ' day of t~VJYLA1 '2015 
AFFIDAVIT OF CITIZENSHIP 

STATEOF FLORIDA 

COUNTY OF BREVARD 

_....:J~o~hn:.:.....!..!W'-'P::...;:e::::ars=al~l ___ being flrst duly sworn, deposes and says: 

1. That he/she is duly elected, qualilled, and serving as -~Pr:c.::e~si::::de::.n:.:.t ___ _ 

of _____ --=E=li.::.:te'"'"Airw.=':..:.:.:;a""y::..s ___ and that he/she is authorized to and 

does make this affidavit for it 

2. That ('1,-ett.yt. 1/A ,::r;J.I,VS ~.AJ is a citizenofthe United States 

• 

within the meaning of 49 U.S.C. 401 02(a)(15). 

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Subscribed and sworn to before me this day of 1\!llA.tC f\ , 2015 
AFFIDA VlT OF CITIZENSHIP 

STATE OF FLORIDA 

COUNTY OF BREVARD 

_ .... J'""'oh=n::..W..:...:.....P'""e,_ai=:sa=l"'-1 ___ being first duly sworn, deposes and says: 

1. That he/she is duly elected, qualified, and serving as _ __.:-Pr~e~si.:=:de:::.n!::.t ___ _ 

of _____ --=E=lit::::e_...A=it:...:.w.:...::a::.~.v .... s ___ and that he/she is authorized to and 

does make this affidavit for it. 

is a citizen of the United States 

within the meaning of 49 U.S.C. 40102(a)(15). 

r 1th (Ll , .~ \ 

Subsclibed and sworn to before me this ____lk:__day of\1.\(L; !\ '2015 

..... _...... _..... .............. ...-.. ..-.. fil '(} 

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STATE OF FLORIDA 

COUNTY OF BREVARD 

AFFIDAVIT OF CITIZENSHIP 

--=J""ohn=-W~P:...::e:::::ars~a==l~l ___ being first duly sworn, deposes and says: 

1. That he/she is duly elected, qualified, and serving as -~Pre=si=de::.n:;:..t ___ _ 

of _____ --::;;E~li~te:..!.Airw..:::'::..:.:..:a:.~:v.:::..S ___ and that he/she is authol'ized to and 

does make this affidavit for it. 

2. That 0.t-tALDV 0. 11-c.TtS is a citizen of the United States 

within the meaning of 49 U.S.C. 40102(a)(l5). 

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Subscribed and sworn to before me this I z-'1

'dayof AICtrCh ,2015 
AFFIDAVIT OF CITIZENSHIP 

STATE OF FLORIDA 

COUNTY OF BREVARD 

_....:J"""ohn.:=-W..:.:.....:P~e::at:.::::S:::al;:...l ___ being first duly swom, deposes and says: 

1. That he/she is duly elected, qualified, and serving as -~Pr:..::es::::.:i=de:;:;n~t ___ _ 

of _____ --=E=lit=e..:.Ai='tw~a::,L.ys=-----and that he/she is authorized to and 

does make this affidavit for it. 

2. That :J'7:;. ">"CI'Ir ..::T. ~~~IS r-e/1 i is a citizen of the United States 

within the meaning of 49 U.S.C. 40102(a)(l5). 

Subsclibed and sworn to before me this 12ih day of MnrCY\ , 2015 

/\ 

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My Comm. 

-=-~~... Expires Jul2, 2017 

vn)lb<ul f (L~ Commission II FF 33354 
AFFIDAVIT OF CITIZENSHIP 

STATEOF FLORIDA 

COUNTY OF BREVARD 

--"J=ohn=....;W"-"-P=ears=al:.:..l ___ being first duly sworn, deposes and says: 

I. That he/she is duly el ectcd, qualified, and setving as --'P"-"r=es:::::ide=nt=------

of _____ .....;E:::.:li:::.:'te~Ait~· w.:..:..a::.Jyt..::::s ___ and that he/she is authorized to and 

does make this affidavit for it. 

2. That E~tl< '7; Wt t..SoAI. is a citizen of the United States 

within the meaning of 49 U.S.C. 40102(a)(15). 

":f\V\ t.. J. 

Subscribed and sworn to before me this \f.- day of 1"\n<Ch , 2015 
Elite Airways: Application for Certificate of Public Convenience and Necessity 

Exhibit 3 

FAA Compliance Affidavit 
AFFIDAVIT OF SAFETY COMPLIANCE 

..--

STATE OF T-.? ().;z,, 04 

COUNTY OF f3~t>-ev4.c..O 

John Pearsall, being first duly sworn, deposes and says: 

1. That he is duly elected, qualified, and serving as President of Elite Airways and that he is 

authorized to and does make this affidavit for it. 

2. That aircraft owned and leased by Elite Ahways have been certified by the Federal 

Aviation Administration and currently comply with all applicable Federal Aviation 

Administration safety standards under Pat1121, as well as the noise standards ofPru136, 

of the Federal Aviation regulations. 

Subscribed and sworn to before me this 

-'IN 12 day of March 2015. 

J}kru 1 6 t(SJ.__- 1 4 m '"''!'"'''' MARY f. ANDERSON ".w f.'Co '. ' : ·I Notary Public • Stare or Florida \~ "i My Comm. Expires Jul2, 2017 

(SEAV .,~ff,;c:r.r,\~" Commission fl FF 33354 
Elite Airways: Application for Certificate of Public Convenience and Necessity 

Exhibit 4 

Ownership Schedule 
Name 

Lyle Family Trust* 

Don Hankey Trust** 

JWP Group, LLC*** 

Elite Airways LLC 

Ownership Schedule 

Percentage 

ownership 

60% 

25% 

15% 

Citizenship 

U.S. 

u.s. 

U.S. 

*Lyle Family Trust is managed by Robert V. Lyle and Susan Lyle; members of the 

Trust are Robert Lyle III and Corey Lyle. All four persons are citizens of the 

United States. 

* * Don Hankey Trust is managed by Don Hankey for the benefit of his family, all 

of whom are citizens of the United States. 

*** JWP Group, LLC is 100% owned by John Pearsall, who is a citizen of the 

United States. 
Elite Airways: Application for Certificate of Public Convenience and Necessity 

Exhibit 5 

Organization Chart 
President/Director 

of Operations 

John Pearsall 

Director of Safety 

Joseph Battistelli 

-

,, 

I I I I 

I 

Chief Pilot-Shawn Director Corporate VP Customer Service CFO-Cheryl Johnson Chief Inspector 

Actis Operations Peter Sorensen 

I 

Manager of 

Check Airmen Technical ..... Finance ...... Inspectors 

Publications 

. 

R 

Flight Attendants 

' 

, . 

Pilots 
Elite Airways: Application for Certificate of Public Convenience and Necessity 

Exhibit 6 

Resumes and Questionnaires of Key Personnel 
Shawn D. Actis 

shawnactis@gmail.com Phone: 704-728-8928 

PERSONAL STATEMENT: Professional pilot with a diverse background, committed to excellence with strengths in safety, 

management and customer service. 

QUALIFICATIONS: 

Airline Transport Pilot MEL 

Type Rated: CL 65: 200,700,900, 850 

Commercial SEL 

CFI I MEl I AGI 

FAA First Class medical 

FCC Radio License 

CRM and CPR Trained 

AVIATION EXPERIENCE: 

Total Time: 7000+ Hours 

PIC Jet: 2700+ Hours 

CL-65: 4700+ Hours 

Turbine: 4670 Hours 

MEL: 5350 Hours 

Instrument: 800 Hours 

PIC: 4600 Hours 

Elite Airways, Inc. (Part 121 Supplemental Airline, North and South America, Caribbean) February 2007- Present 

Chief Pilot/ Check Airman/ Director of Training I Captain I Initial Cadre 

• Line Captain and Lead Check Airman responsible for the safe operation of the aircraft and crew while attaining a high level of 

service for our VIP passengers, for both domestic and international flights. 

• Responsible for hiring, training, scheduling and managing pilots. 

• Advised, wrote, and edited various manuals for the airline: General Operations, Flight Training, MEL and Checklist. 

• Work closely with the FAA to ensure compliance, record keeping and safety. 

MWR Racing, LLC. January 2007- November 2010 

CRJ Lead Pilot/Captain 

• Line Captain and Lead pilot responsible for the safe operation of the airplane and crew while attaining a high level of service for 

our VIP passengers. 

• Led, managed, scheduled and maintained training records for CRJ pilots. 

• Performed all PIC I Captain duties and responsibilities: preflight, post flight briefings and planning. 

• Developed, wrote, submitted and received FAA Approval for CRJ procedures manual and checklist and was instrumental in the 

process of obtaining the FAA approved Part 125 certificate. 

Mesa Airlines May 2003- January 2007 

Captain 

• Pilot-in-Command for FAR 121carrier in the Express systems for US Airways, United, America West 

• Captain in Bombardier CL-65 Series: CL65 CRJ-200, CRJ-700 and CRJ-900 

• Performing all PIC I Captain duties and responsibilities, including preflight and post flight 

briefings and planning for domestic and international flights. 

Self-employed Contract Pilot November 2001- May 2003 

• PIC- PA31T-350 and PA34T-200 Part 91 flying- RHR Racing and Critical Care Specialists. 

• Provided superior service and safe flights for customers and their clients. 

CC Air/ US Airways Express August 2001- Furloughed January 2003 

Pilot 

• First officer in BAe Jetstream 32 for Part 121 operator. 

• Assisted in providing safe and efficient commuter airline service and responsible for seating and briefing passengers. 

Package Express, Inc. May 2001- August 2001 

Pilot 

• PIC in PA34T-200 and PA32-300 

• Part 135 cargo and bank check hauling operations 

ISO Aero, Inc. December 2000 - May 2001 

Pilot 

• Flight instructor: Provide primary and advanced flight instruction and taking clientele on photo flights & traffic patrol 

EDUCATION: 

Franklin Pierce College, Ringe, NH 

B.S. Marketing, Magna Cum Laude 

New Hampshire Technical College, Laconia, NH 

Major: Aviation Business 

Airline Transport Certificate #2686026 

Flight Instructor #2686026CFI 

1995- February 1998 

1992- 1994 
Questionnaire 

Name and address: Shawn Actis, 2225 Hwy AlA, unit 302, Indian Harbour Beach, FL 32937 

Position and responsibility at Elite (include dates held): Chief Pilot- Feb 2007 to Present 

Citizenship: USA 

Education: B.S. Business- Marketing 

Citizenship: USA 

1. Have you ever held a position as officer, director, a 10% of more share of voting stock, 

or other interest in any air carrier, common carrier, or persons substantially engaged in 

the business of aeronautics or whose principal business is the holding of stock in or 

control of any air carrier, common carrier, or a person substantially engaged in the 

aeronautics business? If so, please state the positions and/or ownership interest you 

held or hold and the names of the business and persons. 

NO 

2. If you are related by blood or marriage to any key personnel or a person holding a 

substantial interest, please state that relationship. 

NO 

3. Please list all actions and outstanding judgments of more than $5,000 against you or 

any person you represent and the amount of each such judgment, the party to whom 

it is payable and how long it has been outstanding. 

None 

4. Please the list the number of actions and outstanding judgments of less than $5,000 

against you or any person you represent and the total amount owed on each such 

judgment. 

None 

5. Please list all pending investigations, enforcement actions or formal complaints filed 

by the Department of Transportation, including the FAA, involving you or any person 

you may represent, regarding compliance with the Federal Aviation Act or orders, rules 

or regulations issued pursuant to the statute and any corrective actions taken. 

None 
6. Please describe any charge of unfair, deceptive, or anticompetitive business practice or 

of fraud, felony, or antitrust violations brought against you or any person you 

represent, in the past 10 (ten) years. The description should include all dispositions 

and the current status of each such proceeding. 

None 

7. Please describe any aircraft accident or incident experience by you or any person you 

represent, which occurred during the previous year preceding the date of the 

application or at any time in the past which remains under investigation by the FAA, 

NTSB or by any other entity. Include the date of the occurrence, the type of flight, the 

number of passengers and crew on board and an enumeration of injuries and 

fatalities, and describe the damage to the aircraft. Provide FAA and NTSB file numbers 

and the status of any investigation, including enforcement actions initiated against the 

carrier or you. Also describe any actions taken to prevent the recurrence of similar 

events. 

None. 
JOSEPH J BATTISTELLI 

B.S. IN ELECTRICAL ENGINEERING, UNIVERSITY OF CONNECTICUT 

M.S. IN ELECTRICAL ENGINEERING, UNIVERSITY OF ARIZONA 

DIRECTOR OF SAFETY, ELITE AIRWAYS 

ADJUNCT PROFESSOR, MATHEMATICS, YAVAPAI COMMUNITY COLLEGE 

ADJUNCT PROFESSOR, ELECTRICAL ENGINEERING, EMBRY -RIDDLE UNIV. 

PROFESSIONAL EXPERIENCE 

March 2006 to Present. Director of Safety, Elite Airways. Responsible for the development of 

the Safety Manual for certification by the FAA. Responsible for the safety culture throughout 

Elite Airways, reporting to the President. 

December 2005 to March 2006. Adjunct Professor of Electrical Engineering at Embry-Riddle 

University and Adjunct Professor of Mathematics at Yavapai Community College. 

May 2003 to December 2005. Vice President, Customer Service, Primaris Airlines. Responsible 

for the development and implementation of foreign and domestic stations during the flag 

certification of Primaris Airlines. Developed the Customer Service Manual for acceptance by the 

FAA. Responsible for all facets of Customer Service after Certification. 

November 2002 to May 2003. Adjunct Professor of Mathematics at Yavapai Community 

College and Adjunct Professor of Electrical Engineering at Embry-Riddle University. 

November 1998 to November 2002. Pilot Instructor for National Airlines. Responsible for the 

development of the Basic Indoctrination Course material for Pilots. In addition, teaches the Basic 

Indoctrination Course for Pilots from 1998 through 2002. In addition, Teaches the Initial 

Security Curriculum as well as the Initial Dangerous Goods Training and the Initial CRM 

Curriculum. 

June 1997 to November 1998. Adjunct Professor of Mathematics at Yavapai Community 

College and Adjunct Professor of Electrical Engineering at Embry-Riddle University. 

June 1994 to June 1997. Adjunct Professor of Mathematics and Electronic Technology at Pima 

Community College. 

February 1991 to June 1994. Vice President - Orion Industries. Developed a Configuration 

Management System for the Royal Saudi Air Defense Forces. He was responsible for conducting 
program reviews with both the client and sub-contractors as well as day to day liaison with the 

client on all facets of the program. 

November 1980 to February 1991. Riyadh Area Director for Litton Industries. Responsible for 

the in country installation of the Kingdom of Saudi Arabia's Air Defense System. He was 

responsible for all facets of the program, both administratively and technically, with the client. 

February 1975 to November 1980. Engineering Director, Air Traffic Control Systems. Lockheed 

Aircraft Co. Responsible for the engineering and installation of the complete Saudi Arabian Air 

Traffic Control System. He was responsible for the operational viability of the System, the 

coordination of all interface data and the test and acceptance of the system. 

July 1972 to February 1975. Senior Member of the Technical Staff of Hughes Aircraft Co. 

Development of classified Satellite Systems. 

August 1969 to July 1972. Program Manager for a multi-faceted Instrument Landing System 

Program at Ohio University. This program was to conceive and implement improvements in the 

National Instrument Landing Systems and to assist the FAA in the evaluation of new concepts. 

June 1962 to August 1969. Vice President of Electro Technical Analysis Corp. A private 

consulting firm. Consultant to the US Army Electronics Command, The FAA and to Private 

Industry. 

August 1958 to June 1962. Hughes Master of Science Fellow and Member of the Technical 

Staff. Development of air-to air missile systems 

1960 MSEE University of Arizona 

1958 BSEE University of Connecticut 

He is a member of IEEE, Institute of Navigation, Tau Beta Pi, Eta Kappa Nu, Sigma Xi, Phi 

Kappa Phi and is a registered Professional Engineer in Arizona and Ohio. He is listed in Who's 

Who in America, International and Engineering and Science. 

He holds a private pilot certificate with an instrument rating. 
Questionnaire 

Name and address: Joseph J. Battistelli 

50 29th St. NW Unit 158 

East Wenatchee, WA 98802 

Position and responsibility at Elite (include dates held): 

Director of Safety and Security. 1/30/2007 to Present 

Citizenship: USA 

Education: MSEE, University of Arizona 

Citizenship: 

1. Have you ever held a position as officer, director, a 10% of more share of voting stock, 

or other interest in any air carrier, common carrier, or persons substantially engaged in 

the business of aeronautics or whose principal business is the holding of stock in or 

control of any air carrier, common carrier, or a person substantially engaged in the 

aeronautics business? If so, please state the positions and/or ownership interest you 

held or hold and the names of the business and persons. 

NO 

2. If you are related by blood or marriage to any key personnel or a person holding a 

substantial interest, please state that relationship. 

NONE 

3. Please list all actions and outstanding judgments of more than $5,000 against you or 

any person you represent and the amount of each such judgment, the party to whom 

it is payable and how long it has been outstanding. 

NONE 

4. Please the list the number of actions and outstanding judgments of less than $5,000 

against you or any person you represent and the total amount owed on each such 

judgment. 

NONE 

5. Please list all pending investigations, enforcement actions or formal complaints filed 

by the Department of Transportation, including the FAA, involving you or any person 
you may represent, regarding compliance with the Federal Aviation Act or orders, rules 

or regulations issued pursuant to the statute and any corrective actions taken. 

NONE 

6. Please describe any charge of unfair, deceptive, or anti competitive business practice or 

of fraud, felony, or antitrust violations brought against you or any person you 

represent, in the past 10 (ten) years. The description should include all dispositions 

and the current status of each such proceeding. 

NONE 

7. Please describe any aircraft accident or incident experience by you or any person you 

represent, which occurred during the previous year preceding the date of the 

application or at any time in the past which remains under investigation by the FAA, 

NTSB or by any other entity. Include the date of the occurrence, the type of flight, the 

number of passengers and crew on board and an enumeration of injuries and 

fatalities, and describe the damage to the aircraft. Provide FAA and NTSB file numbers 

and the status of any investigation, including enforcement actions initiated against the 

carrier or you. Also describe any actions taken to prevent the recurrence of similar 

events. 

NONE 
Don R. Hankey 

' ~ 1 \\ , ~ I I l : ' 

l:i \ ', ,, 

Born and raised in Los Angeles, Don Hankey completed his BA and post-graduate work at 

the University of Southern California in 1965. 

Stockbroker (1965 -1967) 

Jeffries & Co. 

Vice President and Principal (1967 -1972) 

Mitchum Jones & Templeton 

Youngest vice-president (age 27) at a major investment banking firm that would later be bought 

by USB Paine Webber 

Chairman ( 1972 -current) 

Hankey Group 

Hankey Group, headquartered in Los Angeles, California, is comprised of seven operating 

companies with 2,025 employees. Hankey Group's Total Assets as of December, 2014 are $4.3 

Billion. 

1972: With a family history in the automobile business, I acquired Midway Ford. Under my 

leadership Midway Ford evolved into an independent, one-stop auto dealership that sold, rented, 

financed and insured its fleet of automobiles. 

1978: Westlake Financial Services is founded. Today Westlake Financial Services represents 53% of 

the origination's assets which exceeded $2.3 billion in 2014 with over 1200 employees. In 2011, 

Japanese conglomerate Marubeni Corporation invested $250 million dollars taking a 20 percent 

ownership stake in Westlake. 

1982: Hankey Investment Co. is incorporated. Today HIC owns over one million square feet of 
Resume: Don R. Hankey 

commercial buildings and half a million square feet of urban development land, currently valued 

at over $450 million 

1986: Midway Rent Car is incorporated. Today MRC has over 1,500 vehicles in its fleet with offices 

throughout Southern California. 

1988: Toyota of North Hollywood purchased. In 2014 TNH was ranked #5 in profits among the 76 

Toyota dealers in Southern California 

1993: Knight Insurance formed as a captive insurer. Today Knight Insurance Group assets exceed 

$682 million. Knight Insurance Company, Ltd., is rated A- (Excellent) by A.M. Best. 

1997: Nowcom is incorporated. With the advent of the Internet, I swiftly incorporated technology 

into every aspect of the Hankey Group of companies. 

2002 HFC Acceptance is incorporated. Today HFA assets exceed $462 million. 

Page 2 I [Type your phone number] 
Questionnaire 

Name and address: 10«»1!'11 ~«»bert Hankey 

Position and responsibility at Elite (include dates held): 25% member (()If IEiiil:e Airway$ UC «il$ «»f 

~<lllliiUiill!"\f :JL, 2013. 

Citizenship: USA 

Citizenship: USA 

1. Have you ever held a position as officer, director, a 10% of more share of voting stock, 

or other interest in any air carrier, common carrier, or persons substantially engaged in 

the business of aeronautics or whose principal business is the holding of stock in or 

control of any air carrier, common carrier, or a person substantially engaged in the 

aeronautics business? If so, please state the positions and/or ownership interest you 

held or hold and the names of the business and persons 25% «»f Eliii:e Airrways ILIL( 

2. If you are related by blood or marriage to any key personnel or a person holding a 

substantial interest, please state that relationship. NONIE 

3. Please list all actions and outstanding judgments of more than $5,000 against you or 

any person you represent and the amount of each such judgment, the party to whom 

it is payable and how long it has been outstanding. NONE 

4. Please the list the number of actions and outstanding judgments of less than $5,000 

against you or any person you represent and the total amount owed on each such 

judgment. NONE 

5. Please list all pending investigations, enforcement actions or formal complaints filed 

by the Department of Transportation, including the FAA, involving you or any person 

you may represent, regarding compliance with the Federal Aviation Act or orders, rules 

or regulations issued pursuant to the statute and any corrective actions taken. NONtE 
6. Please describe any charge of unfair, deceptive, or anticompetitive business practice or 

of fraud, felony, or antitrust violations brought against you or any person you 

represent, in the past 10 (ten) years. The description should include all dispositions 

and the current status of each such proceeding. NONE 

7. Please describe any aircraft accident or incident experience by you or any person you 

represent, which occurred during the previous year preceding the date of the 

application or at any time in the past which remains under investigation by the FAA, 

NTSB or by any other entity. Include the date of the occurrence, the type of flight, the 

number of passengers and crew on board and an enumeration of injuries and 

fatalities, and describe the damage to the aircraft. Provide FAA and NTSB file numbers 

and the status of any investigation, including enforcement actions initiated against the 

carrier or you. Also describe any actions taken to prevent the recurrence of similar 

events. NOI\!HE 
Cheryl M. Johnson, CPA 

Chief Financial Officer- Elite Airways, LLC 

Cheryl Johnson, Chief Financial Officer, is a seasoned financial professional with 

over 25 years of successful and practical experience in the management of 

finance, accounting, human resources and administration for privately held 

businesses. 

Cheryl has 15 years of experience in chief financial officer (CFO) positions in 

evolving, complex business environments. She has worked with companies in 

the aviation, aerospace and manufacturing areas. Additionally, Cheryl's 

experience has been in many different company phases including: organic, high 

growth, acquisitions, divestitures, turnarounds, restructures, wind-downs and 

start-ups. 

Prior to her CFO experience, Cheryl was a senior manager at Ernst & Young, 

LLP. She was in the public accounting practice area for 12 years, primary at "Big 

4" accounting firms and international consulting organizations. Her experience 

was primarily with privately-held companies in a wide range of industries. 

Cheryl's public accounting expertise included seven years in accounting & 

auditing and five years in litigation consulting. 

Cheryl is a CPA in the State of California and holds a Bachelor of Science 

degree with Honors in Business Administration with a Concentration in 

Accounting from San Jose State University (1984). Cheryl has received 

recognition as a top CFO Honoree by numerous organizations including the San 

Fernando Valley Business Journal and TechAmerica. 

Work Historv 

Elite Airways 

RVL 

Coyote Technologies 

G&H Technologies 

Ernst & Young 

Peterson Consulting 

Clark Nuber 

Arthur Andersen 

Jan 2006 to Present 

May 2001 to Sept 2009 

Mar 2000 to May 2001 

Jan 1998 to Mar 2000 

1994 to Jan 1998 

1992 to 1994 

1988 to 1992 

1984 to 1988 
Questionnaire 

Name and address: Cheryl Johnson, 483 Mariposa Drive, Ventura, CA 93001 

Position and responsibility at Elite (include dates held): Chief Financial Officer since inception 

Citizenship: U.S. 

Education: Bachelor of Science in Business Administration with Concentration in 

Accounting San Jose State University; Certified Public Accountant State of 

California 

Citizenship: 

1. Have you ever held a position as officer, director, a 10% of more share of voting stock, 

or other interest in any air carrier, common carrier, or persons substantially engaged in 

the business of aeronautics or whose principal business is the holding of stock in or 

control of any air carrier, common carrier, or a person substantially engaged in the 

aeronautics business? If so, please state the positions and/or ownership interest you 

held or hold and the names of the business and persons. 

a. Elite Aviation, LLC; Chief Financial Officer 

b. Elite Airways, LLC; Chief Financial Officer 

c. Klune Industries, Chie Financial Officer 

d. G&H Technologies, Chief Financial Officer 

e. Lucix, Chief Financial Officer 

2. If you are related by blood or marriage to any key personnel or a person holding a 

substantial interest, please state that relationship. None 

3. Please list all actions and outstanding judgments of more than $5,000 against you or 

any person you represent and the amount of each such judgment, the party to whom 

it is payable and how long it has been outstanding. None 

4. Please the list the number of actions and outstanding judgments of less than $5,000 

against you or any person you represent and the total amount owed on each such 

judgment. None 
5. Please list all pending investigations, enforcement actions or formal complaints filed 

by the Department of Transportation, including the FAA, involving you or any person 

you may represent, regarding compliance with the Federal Aviation Act or orders, rules 

or regulations issued pursuant to the statute and any corrective actions taken. None 

6. Please describe any charge of unfair, deceptive, or anticompetitive business practice or 

of fraud, felony, or antitrust violations brought against you or any person you 

represent, in the past 10 (ten) years. The description should include all dispositions 

and the current status of each such proceeding. None 

7. Please describe any aircraft accident or incident experience by you or any person you 

represent, which occurred during the previous year preceding the date of the 

application or at any time in the past which remains under investigation by the FAA, 

NTSB or by any other entity. Include the date of the occurrence, the type of flight, the 

number of passengers and crew on board and an enumeration of injuries and 

fatalities, and describe the damage to the aircraft. Provide FAA and NTSB file numbers 

and the status of any investigation, including enforcement actions initiated against the 

carrier or you. Also describe any actions taken to prevent the recurrence of similar 

events. None 
Education 

Robert Vincent Lyle Jr. 

4607 Lakeview Canyon Road #588 

Westlake Village CA, 91361 

818-292-0050 cell 

Mount Pleasant Michigan High School 

Work Experience 

Automatic Electric 

Phone Installer 

Carson Pirie Scott 

Retail Store 

American Silk Label 

National Sales Manager 

1957-1961 

1961-1963 

1963-1970 

1970-1978 

RVL Packaging (CEO/Owner) 1978-2002 

Created a label sales and marketing company with 

700 employees operating in 23 countries with annual 

Sales over $300M. Sold in 2002 to Avery Dennison. 

RVL GROUP (CEO/Owner) 2002- Present 

Holding company for various investments. 

Minority Shareholder in Primaris Airlines 2003- 2005 

Owner of Elite Aviation LLC (part 135) 2002-2008 

Minority Shareholder in Peritus Asset Management 2010-Present 

Majority Shareholder in Elite Airways LLC 2006- Present 
Questionnaire 

Name and address: lRoberril: Vincent lyle ~rr 

Position and responsibility at Elite (include dates held): Manager ltilf ILl«: ;wor#' tto wrrreB'ilil: 

Citizenship: lUSA 

Citizenship: USA 

:iL. Have you ever held a position as officer, director, a 10% of more share of voting stock, 

or other interest in any air carrier, common carrier, or persons substantially engaged in 

the business of aeronautics or whose principal business is the holding of stock in or 

control of any air carrier, common carrier, or a person substantially engaged in the 

aeronautics business? If so, please state the positions and/or ownership interest you 

held or hold and the names of the business and persons. Elite AirwaJys ILILC :lUOlO% 

ltilWB'il®ll"ship i!'ilterest since irru.:eptimil in 2007 unl:il 2013. llransferred 2!li% il:ltil Don tfll<a~B'il~®\f 

ilruslt amd :iL!li% t'cltil JJWP Gmup ILLC. Sltille owner ltilf Elite Aviation, lliC l?arrtt :iL3!li ltilpera:~il:ltilrr. 

A<eqll.!lired iri'il 2.0())2. Sltilld in 200ft Minmity Stock Holder in Primaris Air~ines;. 

2.. If you are related by blood or marriage to any key personnel or a person holding a 

substantial interest, please state that relationship. Mv son !R@bert R.v!e m is IE~e<eulti\9e 

Vice Pll'esiderrilt 

3. Please list all actions and outstanding judgments of more than $5,000 against you or 

any person you represent and the amount of each such judgment, the party to whom 

it is payable and how long it has been outstanding. NONE 

4. Please the list the number of actions and outstanding judgments of less than $5,000 

against you or any person you represent and the total amount owed on each such 

judgment. NONIE 

5. Please list all pending investigations, enforcement actions or formal complaints filed 

by the Department of Transportation, including the FAA, involving you or any person 

you may represent, regarding compliance with the Federal Aviation Act or orders, rules 

or regulations issued pursuant to the statute and any corrective actions taken. NONE 
6. Please describe any charge of unfair, deceptive, or anticompetitive business practice or 

of fraud, felony, or antitrust violations brought against you or any person you 

represent, in the past 10 (ten) years. The description should include all dispositions 

and the current status of each such proceeding. NONIE 

7. Please describe any aircraft accident or incident experience by you or any person you 

represent, which occurred during the previous year preceding the date of the 

application or at any time in the past which remains under investigation by the FAA, 

NTSB or by any other entity. Include the date of the occurrence, the type of flight, the 

number of passengers and crew on board and an enumeration of injuries and 

fatalities, and describe the damage to the aircraft. Provide FAA and NTSB file numbers 

and the status of any investigation, including enforcement actions initiated against the 

carrier or you. Also describe any actions taken to prevent the recurrence of similar 

events. NONIE 
Experience 

Summary: 

Pilot Ratings: 

John Pearsall 

CEO-President 

Elite Airways, LLC 

More than 30 years aviation international and domestic 

experience with FAA Part 135 charter/FBO operations and FAA 

Part 121 Airline operations. Extensive knowledge of the Part 

121/135 Certification process, including all requirements of the 

FAA job and aids associated with certification; ETOPS; FBO 

Operations; and aircraft procurement. Experienced in the areas 

of cost analysis, site plan, and bid and contract submission 

surrounding the development of a new FBO. He has 

coordinated with local government officials for approvals and 

worked successfully with community groups to gain plan 

approvals. His previous experience includes starting a Part 121 

Flag Air Carrier from the ground up including and, significantly, 

spearheading the certification of the airlines in record time, nine 

months from formal application to certificate award under FAA 

CSET rules. In this capacity, he also developed and managed 

an annual budget in excess of $15 million. During this period he 

negotiated contracts and lines of credit, establishing excellent 

relationships with financial, insurance, and leasing institutions. 

Additionally, he was responsible for hiring all key personnel, 

which grew to a staff of 85; establishing policies and 

procedures; and negotiating aircraft service and support 

contracts. Prior to this, he played an instrumental role in the 

inception of a Part 121 new entrant airline through certification 

and subsequently authored all flight operations procedures/ 

publications. He served as FAA liaison during and after the 

certification process, with the FAA Flight Standards District 

Office and the FAA Certification Standards Evaluation Team, 

and served as liaison with the FAA principle operations 

inspector. An experienced commercial and private pilot, he has 

authored and implemented training programs, performed flight 

test and aircraft acceptance flights, line checks, and served as 

company representative for aircraft acceptance at various times 

throughout his career with Boeing and Airbus. 

Boeing 757/767, Gulfstream II, Ill, IV, Falcon 20 

Airline Transport Pilot, Commercial SEL & Sea 
Resume Continued for John Pearsall 

Flight 

Experience: 

Work 

Experience: 

19,800 Total Flight Hours Accident/Incidents: None 

15,000 PIC Turbine 

5000 PIC- Boeing 757 

February 2006 - Present 

Elite Airways, LLC 

208 ForeSt 

Portland, Maine 04101 

CEO-President-FAA Director Operations 

Part 121 operation (Elite Airways, LLC) - On demand airline 

charter with five CRJ-200 aircraft 

July 2005- February 2006 

RVL Group LLC 

4607 Lakeview Canyon Dr 

Westlake Village, CA 91361 

Consultant to Part 121 Air Carriers, Part 135 Charter and 

FBO's. 

November 2002 -June 2005 

Primaris Airlines 

Las Vegas, Nevada 

President- December 2002- July 2005 

Chief Operating Officer- December 2002- July 2005 

FAA Director of Operations November 2002- July 2005 

Check Airman - March 2003- July 2005 

Line Captain - March 2003- July 2005 

International/Domestic Commercial Airline 

2 Boeing 757 aircraft 

October 1998 - November 2002 

National Airlines 

Las Vegas, Nevada 

Asst Director Operations- October 1998- November 2002 

Check Airman- October 1998- November 2002 

Line Captain- October 1998- November 2002 

Domestic Commercial Airline, 18 Boeing 757 aircraft 

1997-1998 

America West Airlines 

Phoenix, AZ 

757 Flight Training Instructor 

Domestic Major Commercial Airline 

Resume Continued for John Pearsall 
Professional 

1976-1997 

Lockheed Aircraft International, Mobil Oil Corporation, 

Saudia, Jet Aviation, Sultan of Brunei, Fireman's Fund 

Insurance 

Project Engineer- August 1976- August 1979 

Director of Operations- August 1981 -August 1990 

Chief Pilot- September 1979- August 1981 

Captain Gulfstream II, Ill, IV, Falcon 20, Boeing 757 - August 

1978- present 

Memberships: Aircraft Owners & Pilots Association 

Seaplane Pilots Association 

Awards Received: FAA Wings Award 

Education: Monmouth University 

Major: Electronic Engineering 
Questionnaire 

Name and address: John Pearsall 

Position and responsibility at Elite (include dates held): CEO-President-FAA Director of 

Operations February 2006- Present 

Citizenship: USA 

Education: Monmouth University Electronic Engineering 

Citizenship: 

1. Have you ever held a position as officer, director, a 10% of more share of voting stock, 

or other interest in any air carrier, common carrier, or persons substantially engaged in 

the business of aeronautics or whose principal business is the holding of stock in or 

control of any air carrier, common carrier, or a person substantially engaged in the 

aeronautics business? If so, please state the positions and/or ownership interest you 

held or hold and the names of the business and persons. President -coo Primaris 

Airlines 15%, Sole Owner JWP Group LLC which is 15% Owner of Elite Airways LLC 

2. If you are related by blood or marriage to any key personnel or a person holding a 

substantial interest, please state that relationship. None 

3. Please list all actions and outstanding judgments of more than $5,000 against you or 

any person you represent and the amount of each such judgment, the party to whom 

it is payable and how long it has been outstanding. None 

4. Please the list the number of actions and outstanding judgments of less than $5,000 

against you or any person you represent and the total amount owed on each such 

judgment. None 

5. Please list all pending investigations, enforcement actions or formal complaints filed 

by the Department of Transportation, including the FAA, involving you or any person 

you may represent, regarding compliance with the Federal Aviation Act or orders, rules 

or regulations issued pursuant to the statute and any corrective actions taken. None 
6. Please describe any charge of unfair, deceptive, or anticompetitive business practice or 

of fraud, felony, or antitrust violations brought against you or any person you 

represent, in the past 10 (ten) years. The description should include all dispositions 

and the current status of each such proceeding. None 

7. Please describe any aircraft accident or incident experience by you or any person you 

represent, which occurred during the previous year preceding the date of the 

application or at any time in the past which remains under investigation by the FAA, 

NTSB or by any other entity. Include the date of the occurrence, the type of flight, the 

number of passengers and crew on board and an enumeration of injuries and 

fatalities, and describe the damage to the aircraft. Provide FAA and NTSB file numbers 

and the status of any investigation, including enforcement actions initiated against the 

carrier or you. Also describe any actions taken to prevent the recurrence of similar 

events. None 
Peter Sorensen 

4 Briggs Island Cove 

Windham, ME 04062 

Cell 207-632-1074 

Email: psorensen@eliteairways.net 

Airframe and Powerplant Certificate: 2327986 

Private Pilot Certificate: 2336527 

Aircraft Maintenance Work Summary 

Airframe and Powerplant license: 32+ years 

Director of Maintenance experience: 10+ years 

Maintenance experience as an inspector for aircraft, 10 or more passenger seats: S+years 

Line Maintenance Experience on CRJ 100/200: 12+years 

121 Maintenance Controller: 17+ months 

Director of Quality Control: 4+ months 

Aircraft Maintenance Work History 

Director of Quality Control (part 121) 

Elite Airways 

Maintenance Controller (part 121) 

Employer: Elite Airways 

208 Fore Street 

Portland Maine 04101 

10/1114- Present 

9/2013 - Present 

Duties: Provide technical and logistical support to Maintenance and Flight Crews 

for active aircraft, maintenance discrepancies, MELICDL and deferred maintenance 

items to determine proper and timely corrective action. Coordinate with Maintenance, 

Flight Control, Parts, and Quality Control to provide current and continuing follow up 

to ensure prompt performance of scheduled and unscheduled maintenance. 

Coordinate and monitor aircraft ferry flights. Coordinate recovery efforts of aircraft 

grounded at outstations. Maintain continuous liaison with Flight Control while 

providing current and continuous reports of the general technical status of Company 

aircraft. Part of the Conformity team for new aircraft that are inducted in to the fleet. 

FBO Mechanic I Line (part-time) 4/2012-9/2013 

Employer: Downeast Air 

19 Airport Road 

Owl's Head, Maine 04854 

Duties: Light aircraft maintenance for business jets and piston aircraft, maintenance on 

ground equipment and fueling aircraft and other line work 

Director of Maintenance Part 91 

Employer: Hawker Acquisitions, LLC 

19 Airport Road 

Owl's Head, Maine 04854 

Overview: 

Aircraft: 3 Hawker 4000 

12/2012- 7/2013 
Trained by and worked with Hawker factory technicians 

Experience with LAN System, brake heat issues, potable water system problems, 

boost pump UFI's, Wi-Fi systems, fuel degrades and servicing of aircraft systems 

Proficient with navigational, chart and engine data downloads 

Director of Maintenance Part 135 and 91 3/2010- 4/2013 

Employer: MBS Aviation I Private Jet Charters 

19 Airport Road 

Overview: 

Aircraft: 

Duties 135: 

Duties 91: 

Owl's Head, Maine 04854 

Astra 1125 SPX (GlOO), Pilatus PC-12 

Performing maintenance on the Astra SPX and managing maintenance while aircraft 

was in other facilities for work 

Insuring FAA compliance of maintenance items 

Writing and updating MEL, NEF, AAIP and RVSM Manuals 

Working closely with the Director of Operations I Chief Pilot as a team member in 

auditing the operational side to insure compliance with regulations 

Performing maintenance on the PC-12 and managing maintenance while the aircraft 

was in other facilities for work 

Insuring FAA compliance of maintenance items 

Writing and updating MEL and NEF Manuals 

Director of Maintenance Part 135 8/2003 - 7/2010 

Employer: Charter Ops 

Overview: 

Aircraft: 

Duties 135: 

Duties 121: 

1011 Westbrook Street 

Portland, Maine 04102 

(contracted out from Northeast Airmotive) 

10 passenger or more--Gulfstream II 

9 passenger or less--Lear 60 and 35A, Hawker 800XP, Hawker 800, Hawker 700, 

Hawker 1A, Beechjet 400A, and Citation II 

Managing maintenance on aircraft while they were in facilities for work 

Insuring FAA compliance of maintenance items 

Writing RVSM Maintenance Manuals 

Writing and updating MEL's, NEF's, AAIP's, General Operations Manual and 

General Maintenance Manual 

Working closely with the Director of Operations and Chief Pilot as a team member in 

auditing operational side to insure compliance with regulations 

Perform on-call line maintenance on all major airlines at PWM for Beech 1900, 

CRJ 200,700, and 900, ERJ 145, Dash 8 and Q400, Saab 145, DC9, MD88, 

Boeing 727, 737, and 717, Airbus 319, Embraer 170, 175, and 190 
Mechanic I Inspector 1/1998 - 8/2003 

Employer: Northeast Airmotive 

Overview: 

Aircraft: 

Engines: 

Duties: 

Duties 121: 

1011 Westbrook Street 

Portland, Maine 04102 

Cessna, Mooney, Maule, Beech, Piper, Cessna Citation, Aero Commander, Hawker 

and Beechjet 

Lycoming, Continental, Pratt & Whitney and Garrett 

100 hr and annual inspections, minor sheet metal repair, avionics installations 

8/2002- 9/2003--Functioning Assistant to the Charter Ops DOM for 6 to 8 charter 

aircraft ranging from a Cessna Citation to Gil's 

On-call maintenance for all the major airlines at PWM -- Beech 1900, CRJ 200, 700, 

and 900, ERJ 145, Dash 8 and Q400, Saab 145, DC9, MD88, Boeing 727,737, and 

717, Airbus 319, Embraer 170, 175, and 190 

Director of Maintenance--Foreign Part 135 type company (Indonesia) 111990- 12/1997 

Employer: Mission Aviation Fellowship 

East Kalimantan, Indonesia 

Overview: 

Aircraft: 

Engines: 

Duties: 

(P.O. Box 47, Nampa, ID 83653) 

7 to 9 Single Engine Cessna 206 and 185 Aircraft 

Continental 10-520, TSIO 520 and 10 550 

Maintenance Management of aircraft on three East Kalimantan based operations 

Direct supervision and training of both U.S. and national mechanics 

Responsible for upkeep of $250,000 parts inventory 

50 hr, 100 hr, progressive and annual inspections 

Major and minor sheet metal repair, major and minor alterations, avionics 

installations, and component overhauls 

A & P Mechanic 9/1984 - 3/1987 

Employer: Mission Aviation Fellowship 

Overview: 

Aircraft: 

Engines: 

Duties: 

Redlands, California (former Support Center) 

(P.O. Box 47, Nampa ID 83653) 

Cessna, Mooney, Beech, Beech 50 and DC3 

Lycoming, Continental and Pratt & Whitney radial engine 

50 hr, 100 hr and annual inspections, major and minor sheet metal repair, major and 

minor alterations, avionics installations and component overhaul 

Factory Schools 

Cessna High Performance Single Engine, Wichita, KS -- 1986 

Flight Safety -- Cessna Caravan, Wichita, KS --1993 
Questionnaire 

Name and address: Peter Sorensen, 4 Briggs Island Cove, Windham Maine 04062 

Position and responsibility at Elite (include dates held): 

Director of Quality Control (part 121) 10/14- Present 

Maintenance Controller (part 121) 9/2013- Present 

Citizenship: USA 

Education: Bachelor of Science in Mission Aviation Technology 

Citizenship: 

1. Have you ever held a position as officer, director, a 10% of more share of voting stock, 

or other interest in any air carrier, common carrier, or persons substantially engaged in 

the business of aeronautics or whose principal business is the holding of stock in or 

control of any air carrier, common carrier, or a person substantially engaged in the 

aeronautics business? If so, please state the positions and/or ownership interest you 

held or hold and the names of the business and persons. 

None 

2. If you are related by blood or marriage to any key personnel or a person holding a 

substantial interest, please state that relationship. 

None 

3. Please list all actions and outstanding judgments of more than $5,000 against you or 

any person you represent and the amount of each such judgment, the party to whom 

it is payable and how long it has been outstanding. 

None 

4. Please the list the number of actions and outstanding judgments of less than $5,000 

against you or any person you represent and the total amount owed on each such 

judgment. 

None 

5. Please list all pending investigations, enforcement actions or formal complaints filed 

by the Department of Transportation, including the FAA, involving you or any person 

you may represent, regarding compliance with the Federal Aviation Act or orders, rules 

or regulations issued pursuant to the statute and any corrective actions taken. 

None 
6. Please describe any charge of unfair, deceptive, or anticompetitive business practice or 

of fraud, felony, or antitrust violations brought against you or any person you 

represent, in the past 10 {ten) years. The description should include all dispositions 

and the current status of each such proceeding. 

None 

7. Please describe any aircraft accident or incident experience by you or any person you 

represent, which occurred during the previous year preceding the date of the 

application or at any time in the past which remains under investigation by the FAA, 

NTSB or by any other entity. Include the date of the occurrence, the type of flight, the 

number of passengers and crew on board and an enumeration of injuries and 

fatalities, and describe the damage to the aircraft. Provide FAA and NTSB file numbers 

and the status of any investigation, including enforcement actions initiated against the 

carrier or you. Also describe any actions taken to prevent the recurrence of similar 

events. 

None 
Eric Wilson 

90 Rabbit Valley Rd 

Oxford, ME 04270 

(207) 321-9466 

ewilson@eliteairways.net 

Objective 

Profile 

Education 

To obtain a Management position in your company with opportunities to further my career 

by position advancement, and help ensure the future of our company. 

• Twenty-three years over all maintenance experience, with fourteen years aircraft maintenance, in 

line and hangar environments. 

• Twenty Three Months as Director of Maintenance/Maintenance Control 

• Five years Supervision of Heavy Maintenance 

• Fourteen years Airframe and Power-Plant Mechanic performing Line and Heavy Maintenance 

A.S., Aircraft Maintenance Technology, Embry Riddle Aeronautical University. Graduated 

April, 2000 

Aircraft Type Course, AME-M Canadair Regional Jet CRJ 100/200 

Aircraft Type Course, AME-M Canadair Regional Jet CRJ 700/900 

Diploma, Automotive Maintenance Technology, Lake Region Vocational School 

Relevant Experience & Accomplishments 

Accreditations/ Licenses 

o Airframe and Power plant license, Original Issue June 2000. License Number 2628493 

• State of Maine Automotive Inspection License, May 1996. 

• Trainer on proper engine run and taxi procedures for ATR 72, CRJ 200, and CRJ 700. 

• Certified inspector for required inspection items on ATR 72, CRJ 200, and CRJ 700. 

o Trained in OSHA approved Lockout & Tagout procedures. 

• Flight Safety Principles of Troubleshooting Course. 

• Factory trained and company instructor for Prop Balance System 2100. 

• Pratt & Whitney Line Maintenance PW121A/123/124/125/126/127. 

• CAT II Lower Level Minima and Reduced Vertical Separation Qualified . 

• CRJ200, CRJ700, EMB120 and ATR72 A/P Familiarization Courses. 

• A TR 72 Avionics Course. 

• ADC Pitot/Static Qualified. 

• CRJ 200 Air conditioning Troubleshooting Course. 

• NA V 402AP-3 Tester Qualified. 

• Suspected Unapproved Parts Training. 

• Atlanta Airport Aircraft Taxi 101 course. 

Management/Supervision 

• Director of Maintenance Elite Airways 121 Supplemental Airline 

• Setup and maintained Cincinnati outstation maintenance program. 

• Design and maintain flex shaft modification back shop in ASA Atlanta Hangar. 

• ASA On-site Heavy Maintenance Rep ATR 72, CRJ 200,700 and 900 C-Checks. 
Questionnaire 

Name and address: Eric Wilson 90 Rabbit Valley Rd Oxford ME 04270 

Position and responsibility at Elite (include dates held): Maintenance Control - March 13,2013 

to May 7, 2013; Director of Maintenance- May 8, 2013 to Present 

Citizenship: United States 

Education: Associates in Aircraft Maintenance Technology 

Citizenship: United States 

1. Have you ever held a position as officer, director, a 10% of more share of voting stock, 

or other interest in any air carrier, common carrier, or persons substantially engaged in 

the business of aeronautics or whose principal business is the holding of stock in or 

control of any air carrier, common carrier, or a person substantially engaged in the 

aeronautics business? If so, please state the positions and/or ownership interest you 

held or hold and the names of the business and persons. No 

2. If you are related by blood or marriage to any key personnel or a person holding a 

substantial interest, please state that relationship. No 

3. Please list all actions and outstanding judgments of more than $5,000 against you or 

any person you represent and the amount of each such judgment, the party to whom 

it is payable and how long it has been outstanding. None 

4. Please the list the number of actions and outstanding judgments of less than $5,000 

against you or any person you represent and the total amount owed on each such 

judgment. None 

5. Please list all pending investigations, enforcement actions or formal complaints filed 

by the Department of Transportation, including the FAA, involving you or any person 

you may represent, regarding compliance with the Federal Aviation Act or orders, rules 

or regulations issued pursuant to the statute and any corrective actions taken. None 
6. Please describe any charge of unfair, deceptive, or anticompetitive business practice or 

of fraud, felony, or antitrust violations brought against you or any person you 

represent, in the past 10 (ten) years. The description should include all dispositions 

and the current status of each such proceeding. None 

7. Please describe any aircraft accident or incident experience by you or any person you 

represent, which occurred during the previous year preceding the date of the 

application or at any time in the past which remains under investigation by the FAA, 

NTSB or by any other entity. Include the date of the occurrence, the type of flight, the 

number of passengers and crew on board and an enumeration of injuries and 

fatalities, and describe the damage to the aircraft. Provide FAA and NTSB file numbers 

and the status of any investigation, including enforcement actions initiated against the 

carrier or you. Also describe any actions taken to prevent the recurrence of similar 

events. None 
Elite Airways: Application for Certificate of Public Convenience and Necessity 

Exhibit 7 

Statement of Qualification of Key Technical Personnel 
208 ForeSt Portland, Maine 04101 

Tel (207)·842·6400 Fax 207-221-1578 

Department of Transportation 

Washington D.C. 

9 March 2015 

The following Elite Airways personnel holding the positions indicated, meet all requirements for 

their positions as set forth in 14CFR 119.65 and 119.67 of the Federal Aviation Regulations and have 

been accepted by the Federal Aviation Administration. 

John W Pearsall Director of Operations 

Shawn D Actis Chief Pilot 

Eric T Wilson Director of Maintenance 

Peter K Sorensen Chieflnspector 

joseph J Battistelli Director of Safety 

;;·?VUJ 

John W Pearsall 

President 
Elite Airways: Application for Certificate of Public Convenience and Necessity 

Exhibit 8 

Financial Statements, 2012-2015 
Income 

4000 Charter Income 

Elite Airways, LLC 

Profit and Loss 

January - February, 2015 

4010 Charter Income- Elite Aircraft 

4011 Aircraft 

4013 Scheduled Flights Income 

Total 4010 Charter Income- Elite Aircraft 

4100 Other Charter Inc- EA Aircraft 

4120 Airport FBO Handling Fees 

4126 Deicing 

4135 Catering 

4160 International Fees 

Total 4100 Other Charter Inc- EA Aircraft 

4200 Fuel 

4202 Fuel Cost Over Base Reimbursement 

Total 4200 Fuel 

Total 4000 Charter Income 

4700 Other Income 

4720 FET Credits 

Total 4700 Other Income 

Total Income 

Cost of Goods Sold 

5000 Charter Expenses 

5010 Aircraft Lease- N97EA 

5100 Other Trip Expense- EA Aircraft 

5120 Airport FBO Handling Fees 

5125 FBO Handling Fees- Scheduled Flights 

5126 Deicing 

5135 Aircraft Stock 

5136 Catering 

5150 Flight Crew Airfare 

5160 International Fees 

5165 Landing Fees 

5170 Overnight Fees 

5172 Per Diem/Meals 

5174 Hotels 

5176 Transportation 

5178 Tips 

Total 5170 Overnight Fees 

5180 Training 

5181 Flightcrew Training 

5182 Hotel 

5183 Transportation 

5184 Meals 

5185 Training Materials 

5186 Airfare 

Total 5180 Training 

Total 

6,426,427.63 

71,067.80 

$ 6,497,495.43 

17,092.97 

79,407.35 

51,738.07 

2,053.37 

$ 150,291.76 

34,959.75 

$ 34,959.75 

$ 6,682,746.94 

42,183.20 

$ 42,183.20 

$ 6,724,930.14 

110,000.00 

416,264.59 

55,171.47 

93,930.40 

10,876.70 

44,474.81 

65,463.61 

4,198.85 

49,016.43 

18,297.56 

114,898.97 

10,639.08 

9.00 

$ 143,844.61 

31 '107.52 

8,440.87 

542.74 

318.68 

353.50 

25.00 

$ 40,788.31 
5190 Crew Meals On Road 2,142.61 

5200 Fuel 

5201 Fuel 1 ,432,329.90 

5203 Fuel-Scheduled Flights 40,283.89 

Total 5200 Fuel $ 1 ,472,613. 79 

Total 5100 Other Trip Expense- EA Aircraft $ 2,398, 786.18 

5305 Crew Service Exp - CA 197.25 

5310 Crew Service Exp - PIC, SIC 10.99 

Total 5000 Charter Expenses $ 2,508,994.42 

5500 Managed Aircraft Expenses 

5530 Hangar Expense 1,702.00 

Total 5500 Managed Aircraft Expenses $ 1,702.00 

5575 Aircraft Maintenance Software 5,500.00 

5600 Aircraft Maintenance Reserve 

5610 Aircraft Maintenance Reserve- N97EA 107,707.71 

5611 Aircraft Maintenance Reserve-Owned Planes 313,930.00 

Total 5600 Aircraft Maintenance Reserve $ 421,637.71 

5650 Aircraft Maintenance 

5651 Aircraft Maint- Elite Aircraft 15,131.82 

5652 Aircraft Maint- N97EA 25,684.20 

Total 5650 Aircraft Maintenance $ 40,816.02 

5660 Subscriptions & Publications 3,887.46 

5700 Cost of labor 

5711 Payroll - #200 Flight Crew- N97EA 12,416.66 

5712 Payroll Taxes- #200 Flight Crew- N97EA 1,514.26 

5713 Payroll- #201 Fit. Crew- Captain 169,583.37 

5714 Payroll Taxes- #201 Fit. Crew- Captain 16,887.94 

5715 Payroll- #202 Fit. Crew- First Officer 36,038.86 

5716 Payroll Taxes- #202 Fit. Crew- First Officer 3,660.93 

5717 Payroll - #203 Fit. Crew- Flight Attnd. - Full Time 44,225.13 

5718 Payroll Taxes- #203 Fit. Crew- Flight Attnd.- Full Time 4,795.37 

5719 Payroll- #204 Fit. Crew- Flight Attnd.- On Call 13,100.00 

5720 Payroll Taxes- #204 Fit. Crew- Flight Attnd. - On Call 1,411.33 

5721 Health Insurance 34,595.94 

5722 Dental Insurance 1,601.93 

5723 Vision Insurance 306.41 

5725 Garnishment 0.00 

Total 5700 Cost of labor $ 340,138.13 

5800insurance Expense 

5820 Aircraft Liability Ins. 119,324.66 

5830 Workers Comp. Ins. 7,041.93 

Total 5800 Insurance Expense $ 126,366.59 

Total Cost of Goods Sold $ 3,449,042.33 

Gross Profit $ 3,275,887.81 

Expenses 

6100 Aircraft Supplies 

6104 Maintenance Supplies 7,282.01 

Total 6100 Aircraft Supplies $ 7,282.01 

6120 Bank Service Charges 

6124 Bank Charges 645.25 

6126 Credit Card Fees 465.00 

6127 Finance Fees 311.12 
Total 6120 Bank Service Charges $ 1,421.37 

6130 Computer Software 1,391.07 

6150 Company Plane 13,951.35 

6170 Dues and Subscriptions 4,493.56 

6180 Fees & Licensing 4,529.21 

6190 Flight Communications 9,445.45 

6195 Flight Planning 7,009.00 

6200 HR/Recruiting 

6202 Recruiting 596.00 

6204 Background Checks 2,637.50 

6206 HR Expenses 2,688.61 

Total 6200 HR/Recruiting $ 5,922.11 

6300 Marketing 2,805.00 

6600 Insurance 

6650 Workers Compensation 1,037.35 

Total 6600 Insurance $ 1,037.35 

6700 Interest Expense 

6720 HFC- Loan Interest 120,525.22 

Total 6700 Interest Expense $ 120,525.22 

6800 IT Expenses 202.50 

6900 Office Supplies 8,065.28 

691 0 Office Expense 5,647.78 

6945 Office Equipment. 1,672.03 

6950 Office Equipment- Rental 1,575.04 

6980 Outside Service Expense 19.99 

6990 Bad Debt Expense 10,000.00 

7000 Payroll Expenses 

7010 Payroll- #100 Admin. 180,415.15 

7015 Bonus 17,000.00 

7020 Payroll - #300 Maintenance 90,823.62 

7030 Payroll - #400 Dispatch 44,788.29 

7040 Payroll Taxes- #100 Admin. 18,599.92 

7050 Payroll Taxes - #300 Maintenance 9,983.60 

7060 Payroll Taxes - #400 Dispatch 5,815.84 

7061 Health Insurance 30,297.04 

7062 Dental Insurance 1,484.84 

7063 Vision Insurance 277.04 

7094 Payroll Fees 874.33 

Total 7000 Payroll Expenses $ 400,359.67 

7370 Postage and Delivery 10,608.67 

7480 Printing and Reproduction 1,510.15 

7500 Professional Fees 

7510 Accounting 16,677.90 

7520 Consulting 6,666.66 

7540 Legal Fees 3,333.34 

Total 7500 Professional Fees $ 26,677.90 

7610 Rent- Office space 20,969.63 

7612 Office Parking/Melbourne Airport Parking Employees 600.00 

Total 7610 Rent- Office space $ 21,569.63 

7620 Rent- Residential Housing 2,400.00 

7750 Telephone 

7755 Cell Phones 3,150.39 
7760 Conf. Call Services 217.36 

7762 Data Plans 403.54 

7770 Office Phones 515.94 

Total 7750 Telephone $ 4,287.23 

7850 Travel & Entertainment 

7855 Airfare 24,936.10 

7860 Entertainment 446.35 

7865 Hotels 4,724.21 

7870 Meals 4,990.99 

7880 Transportation 171.44 

7882 Fuel 3,910.58 

7885 Rental Car 367.49 

7887 Taxis/Tolls 915.61 

Total 7880 Transportation $ 5,365.12 

Total 7850 Travel & Entertainment $ 40,462.77 

7950 Utilities 

7955 Gas and Electric 1,471.14 

7965 Cable 252.99 

7970 Internet connection 3,833.75 

Total 7950 Utilities $ 5,557.88 

7999 Suspense 0.00 

Total Expenses $ 720,429.22 

Net Operating Income $ 2,555,458.59 

Other Expenses 

801 0 Other Expenses 

8015 Management Fee-RVL Group, LLC. 105,000.00 

8025 Depreciation 167,292.14 

Total 8010 Other Expenses $ 272,292.14 

Total Other Expenses $ 272,292.14 

Net Other Income -$ 272,292.14 

Net Income $ 2,283,166.45 

Friday, Apr 03, 2015 03:13:14 PM PDT GMT-7- Accrual Basis 
Income 

4000 Charter Income 

4010 Charter Income- Elite Aircraft 

4011 Aircraft 

4012 Aircraft- ACMI 

4013 Scheduled Flights Income 

Elite Airways, LLC 

Profit and Loss 

January- December 2014 

Total 4010 Charter Income - Elite Aircraft 

4100 Other Charter Inc- EA Aircraft 

4115 Aircraft Prep 

4120 Airport FBO Handling Fees 

4135 Catering 

4165 Landing Fees 

Total 4100 Other Charter Inc- EA Aircraft 

4200 Fuel 

4201 Fuel 

4202 Fuel Cost Over Base Reimbursement 

Total 4200 Fuel 

4370 Postage and Delivery 

Total 4000 Charter Income 

4700 Other Income 

4720 FET Credits 

Total 4700 Other Income 

Total Income 

Cost of Goods Sold 

5000 Charter Expenses 

5010 Aircraft Lease - N97EA 

5030 Charter Expense - Broker 

5100 Other Trip Expense - EA Aircraft 

5110 Airline Tickets 

5120 Airport FBO Handling Fees 

5125 FBO Handling Fees- Scheduled Flights 

5135 Aircraft Stock 

5136 Catering 

5137 Catering- Scheduled Flights 

5150 Flight Crew Airfare 

5155 Passenger Facility Charge 

5160 International Fees 

5165 Landing Fees 

5170 Overnight Fees 

5172 Per Diem/Meals 

5174 Hotels 

5176 Transportation 

5178 Tips 

Total 5170 Overnight Fees 

5180 Training 

5181 Flightcrew Training 

Total 

10,405,372.22 

853,775.00 

463,295.90 

$ 11,722,443.12 

0.00 

59,919.23 

12,271.06 

679.98 

$ 72,870.27 

36,765.12 

195,304.00 

$ 232,069.12 

6,404.13 

$ 12,033,786.64 

31,556.27 

$ 31,556.27 

$ 12,065,342.91 

660,000.00 

1,433.50 

316.96 

658,262.36 

96,707.50 

22,898.73 

37,942.21 

364.99 

235,493.98 

162.43 

5,298.41 

67,104.94 

575.00 

74,442.37 

243,833.24 

26,482.14 

50.00 

$ 345,382.75 

150,716.88 
5182 Hotel 33,863.41 

5183 Transportation 1,647.75 

5184 Meals 1,270.06 

5185 Training Materials 2,057.38 

5186 Airfare 13,032.07 

Total 5180 Training $ 202,587.55 

5190 Crew Meals On Road 11,780.52 

5200 Fuel 

5201 Fuel 2,759,680.59 

5202 Fuel Cost Over Base 179,194.65 

5203 Fuel-Scheduled Flights 452,501.71 

Total 5200 Fuel $ 3,391 ,376.95 

Total 5100 Other Trip Expense- EA Aircraft $ 5,075,680.28 

5305 Crew Service Exp - CA 2,681.32 

5310 Crew Service Exp - PIC, SIC -1,357.32 

Total 5000 Charter Expenses $ 5,738,437.78 

5500 Managed Aircraft Expenses 

5530 Hangar Expense 1,609.00 

Total 5500 Managed Aircraft Expenses $ 1,609.00 

5600 Aircraft Maintenance Reserve 

5610 Aircraft Maintenance Reserve - N97EA 446,858.93 

5611 Aircraft Maintenance Reserve-Owned Planes 548,420.00 

Total 5600 Aircraft Maintenance Reserve $ 995,278.93 

5650 Aircraft Maintenance 29,000.00 

5651 Aircraft Maint- Elite Aircraft 40,865.15 

5652 Aircraft Maint- N97EA 239,449.72 

Total 5650 Aircraft Maintenance $ 309,314.87 

5660 Subscriptions & Publications 19,359.53 

5665 Flight Crew Uniforms 2,439.99 

5700 Cost of labor 

5711 Payroll - #200 Flight Crew- N97EA 1 '133,048.00 

5712 Payroll Taxes- #200 Flight Crew- N97EA 99,018.91 

5713 Payroll - #201 Fit. Crew - Captain 40,583.34 

5714 Payroll Taxes- #201 Fit. Crew- Captain 3,035.58 

5715 Payroll- #202 Fit. Crew- First Officer 11,541.68 

5716 Payroll Taxes- #202 Fit. Crew- First Officer 979.77 

5717 Payroll- #203 Fit. Crew- Flight Attnd.- Full Time 10,833.36 

5718 Payroll Taxes- #203 Fit. Crew- Flight Attnd.- Full Time 929.65 

5719 Payroll- #204 Fit. Crew- Flight Attnd.- On Call 1,700.00 

5720 Payroll Taxes- #204 Fit. Crew- Flight Attnd. - On Call 240.90 

5721 Health Insurance 109,985.58 

5722 Dental Insurance 5,729.68 

5723 Vision Insurance 1,231.48 

5725 Garnishment 0.00 

Total 5700 Cost of labor $ 1,418,857.93 

5800insurance Expense 

5820 Aircraft Liability Ins. 534,975.10 

5830 Workers Comp. Ins. 53,028.95 

Total 5800 Insurance Expense $ 588,004.05 

Total Cost of Goods Sold $ 9,073,302.08 

Gross Profit $ 2,992,040.83 

Expenses 
6100 Aircraft Supplies 

6104 Maintenance Supplies 47,976.20 

6105 Medical Supplies 4,142.26 

Total 6100 Aircraft Supplies $ 52,118.46 

6110 Automobile Expense 2,248.40 

6120 Bank Service Charges 775.08 

6124 Bank Charges 2,588.93 

6125 CC Finance Charge 4,755.81 

6126 Credit Card Fees 3,102.45 

6127 Finance Fees 9,350.00 

Total 6120 Bank Service Charges $ 20,572.27 

6130 Computer Software 10,388.78 

6135 Charitable Donations 5,210.00 

6150 Company Plane 26,893.35 

6170 Dues and Subscriptions 9,060.71 

6180 Fees & Licensing 6,094.37 

6182 FET Penalty & Interest -2,600.30 

6190 Flight Communications 64,444.67 

6195 Flight Planning 58,228.64 

6200 HR/Recruiting 100.00 

6202 Recruiting 16,783.00 

6204 Background Checks 7,256.16 

6206 HR Expenses 8,513.17 

Total 6200 HR/Recruiting $ 32,652.33 

6300 Marketing 0.00 

66001nsurance 

6610 Disability Insurance 116.10 

6620 Bus. Property- Offices 471.00 

6650 Workers Compensation 5,285.92 

Total 6600 Insurance $ 5,873.02 

6700 Interest Expense 

6720 HFC- Loan Interest 796,137.40 

6725 Late Fee 9,182.43 

Total 6700 Interest Expense $ 805,319.83 

6800 IT Expenses 1,811.25 

6900 453.89 

6900 Office Supplies 34,037.17 

6910 Office Expense 18,455.72 

6945 Office Equipment. 10,936.86 

6950 Office Equipment 

- Rental 13,738.58 

6980 Outside Service Expense 10,189.84 

7000 Payroll Expenses 

7010 Payroll- #100 Admin. 957,864.72 

7020 Payroll 

- #300 Maintenance 437,731.22 

7030 Payroll 

- #400 Dispatch 246,373.58 

7040 Payroll Taxes 

- #1 00 Admin. 71,232.31 

7050 Payroll Taxes 

- #300 Maintenance 37,896.69 

7060 Payroll Taxes 

- #400 Dispatch 23,234.05 

7061 Health Insurance 146,613.26 

7062 Dental Insurance 7,561.15 

7063 Vision Insurance 1,456.98 

7065 Vacation Earned 1,156.63 
7094 Payroll Fees 6,716.10 

Total 7000 Payroll Expenses $ 1,937,836.69 

7370 Postage and Delivery 62,097.68 

7480 Printing and Reproduction 11,243.41 

7500 Professional Fees 

7510 Accounting 179,348.41 

7520 Consulting 52,000.00 

7540 Legal Fees 66,485.55 

Total 7500 Professional Fees $ 297,833.96 

7610 Rent- Office space 120,196.85 

7612 Office Parking/Melbourne Airport Parking Employees 400.00 

Total 7610 Rent- Office space $ 120,596.85 

7620 Rent - Residential Housing 14,400.00 

7630 Maintenance 1,807.55 

7650 Repairs 

7655 Building Repairs 195.04 

Total 7650 Repairs $ 195.04 

7680 Training 

7685 Seminars 489.50 

7686 Travel 266.00 

Total 7680 Training $ 755.50 

7700 Taxes 

7740 State 15,420.24 

7741 Penalty & Interest 176.03 

Total 7740 State $ 15,596.27 

Total 7700 Taxes $ 15,596.27 

7750 Telephone 

7755 Cell Phones 15,760.34 

7760 Conf. Call Services 888.36 

7762 Data Plans 2,729.16 

7770 Office Phones 3,032.50 

Total 7750 Telephone $ 22,410.36 

7850 Travel & Entertainment 3,508.50 

7855 Airfare 71,873.03 

7860 Entertainment 6,558.06 

7865 Hotels 37,276.98 

7870 Meals 23,458.29 

7880 Transportation 3,199.79 

7882 Fuel 19,801.65 

7885 Rental Car 6,532.67 

7886 Parking Expenses 796.18 

7887 Taxis/Tolls 1,804.47 

Total 7880 Transportation $ 32,134.76 

Total 7850 Travel & Entertainment $ 174,809.62 

7950 Utilities 

7955 Gas and Electric 7,659.45 

7970 Internet connection 22,399.17 

Total 7950 Utilities $ 30,058.62 

7999 Suspense 0.00 

Total Expenses $ 3,875,769.39 

Net Operating Income -$ 883,728.56 

Other Expenses 
8010 Other Expenses 

8015 Management Fee-RVL Group, LLC. 

8025 Depreciation 

Total 8010 Other Expenses 

Total Other Expenses 

Net Other Income 

Net Income 

Friday, Apr 03,2015 03:17:50 PM PDT GMT-7- Accrual Basis 

45,000.00 

577,194.96 

$ 622,194.96 

$ 622,194.96 

-$ 622,194.96 

-$ 1,505,923.52 
Income 

4000 Charter Income 

4010 Charter Income- Elite Aircraft 

4011 Aircraft 

Total4010 Charter Income- Elite Aircraft 

4100 Other Charter Inc- EA Aircraft 

4120 Airport FBO Handling Fees 

4135 Catering 

4136 Aircraft Stock 

4165 Landing Fees 

Total 4100 Other Charter Inc- EA Aircraft 

4200 Fuel 

4202 Fuel Cost Over Base Reimbursement 

Total 4200 Fuel 

Total 4000 Charter Income 

4700 Other Income 

4720 FET Credits 

4752 Ticketing Software 

Total 4700 Other Income 

Total Income 

Cost of Goods Sold 

5000 Charter Expenses 

5010 Aircraft Lease- N97EA 

5100 Other Trip Expense 

- EA Aircraft 

5110 Airline Tickets 

5115 Aircraft Prep 

5120 Airport FBO Handling Fees 

5135 Aircraft Stock 

5136 Catering 

5150 Flight Crew Airfare 

5160 International Fees 

5165 Landing Fees 

5170 Overnight Fees 

5172 Per Diem/Meals 

5174 Hotels 

5176 Transportation 

Total 5170 Overnight Fees 

5180 Training 

5181 Flightcrew Training 

5182 Hotel 

5183 Transportation 

5184 Meals 

5185 Training Materials 

5186 Airfare 

Total 5180 Training 

5190 Crew Meals On Road 

Elite Airways, LLC 

Profit and Loss 

January- December 2013 

Total 

3,570,725.81 

$ 3,570,725.81 

1,575.00 

57.73 

0.00 

300.00 

$ 1,932.73 

36,096.89 

$ 36,096.89 

$ 3,608,755.43 

5,574.80 

15,000.00 

$ 20,574.80 

$ 3,629,330.23 

660,000.00 

339.00 

350.00 

135,210.25 

3,275.29 

1,099.26 

46,309.30 

11,154.14 

13,067.47 

11.32 

20,091.36 

71,694.64 

8,007.34 

$ 99,804.66 

58,343.01 

62,025.47 

1,987.92 

3,252.03 

2,899.24 

26,834.69 

$ 155,342.36 

482.48 
5195 Passports and Immunizations 1,210.00 

5200 Fuel 

5201 Fuel 931,288.65 

5202 Fuel Cost Over Base 51,739.40 

Total 5200 Fuel $ 983,028.05 

Total 5100 Other Trip Expense- EA Aircraft $ 1,450,672.26 

5305 Crew Service Exp 

- CA 983.00 

5310 Crew Service Exp 

- PIC, SIC 3,114.60 

Total 5000 Charter Expenses $ 2, 114,769.86 

5500 Managed Aircraft Expenses 

5520 Aircraft Payroll Exp 2,532.30 

5540 Maintenance Expense 11,061.88 

Total 5500 Managed Aircraft Expenses $ 13,594.18 

5600 Aircraft Maintenance Reserve 

5610 Aircraft Maintenance Reserve- N97EA 434,522.52 

Total 5600 Aircraft Maintenance Reserve $ 434,522.52 

5650 Aircraft Maintenance 48,004.43 

5651 Aircraft Maint- Elite Aircraft 28,893.92 

5652 Aircraft Maint- N97EA 309,160.75 

Total 5650 Aircraft Maintenance $ 386,059.10 

5660 Subscriptions & Publications 10,790.94 

5665 Flight Crew Uniforms 7,659.95 

5700 Cost of labor 

5711 Payroll 

- #200 Flight Crew 

- N97EA 593,848.61 

5712 Payroll Taxes- #200 Flight Crew- N97EA 53,347.29 

5721 Health Insurance 33,502.41 

5722 Dental Insurance 2,270.19 

5723 Vision Insurance 332.17 

Total 5700 Cost of labor $ 683,300.67 

5800insurance Expense 

5820 Aircraft Liability Ins. 257,334.65 

5830 Workers Comp. Ins. 20,023.14 

Total 5800 Insurance Expense $ 277,357.79 

Total Cost of Goods Sold $ 3,928,055.01 

Gross Profit -$ 298,724.78 

Expenses 

6100 Aircraft Supplies 744.95 

6104 Maintenance Supplies 3,822.68 

6105 Medical Supplies 4,874.89 

Total 6100 Aircraft Supplies $ 9,442.52 

6110 Automobile Expense 4,353.98 

6120 Bank Service Charges 25.00 

6124 Bank Charges 1,068.09 

6125 CC Finance Charge 4,069.80 

6126 Credit Card Fees 2,074.67 

6127 Finance Fees 5,000.00 

Total 6120 Bank Service Charges $ 12,237.56 

6130 Computer Software 3,431.73 

6135 Charitable Donations 345.64 

6150 Company Plane 27,155.71 

6170 Dues and Subscriptions 16,266.71 

6175 Office Equip/Furniture Purchase (deleted) 3,528.84 
6180 Fees & Licensing 2,850.29 

6182 FET Penalty & Interest 813.86 

6190 Flight Communications 21,021.09 

6195 Flight Planning 44,282.24 

6200 HR/Recruiting 165.00 

6202 Recruiting 55,150.37 

6204 Background Checks 7,502.00 

6206 HR Expenses 24.95 

Total 6200 HR/Recruiting $ 62,842.32 

66001nsurance 1,733.00 

6620 Bus. Property- Offices 842.41 

6630 Auto 818.23 

6650 Workers Compensation 9,765.49 

Total 6600 Insurance $ 13,159.13 

6700 Interest Expense 

6710 Finance Charge 6.43 

6720 HFC 

- Loan Interest 146,290.23 

Total 6700 Interest Expense $ 146,296.66 

6800 IT Expenses 14,190.31 

6865 Loan Fees 37,735.00 

6900 Office Supplies 56,963.69 

6910 Office Expense 15,018.65 

6945 Office Equipment. 14,294.54 

6950 Office Equipment- Rental 5,146.09 

6980 Outside Service Expense 13,093.42 

7000 Payroll Expenses 

7010 Payroll- #100 Admin. 560,657.19 

7020 Payroll 

- #300 Maintenance 206,826.94 

7030 Payroll 

- #400 Dispatch 170,913.11 

7040 Payroll Taxes- #100 Admin. 52,833.22 

7050 Payroll Taxes- #300 Maintenance 26,996.23 

7060 Payroll Taxes 

- #400 Dispatch 18,683.23 

7061 Health Insurance 43,026.20 

7062 Dental Insurance 2,315.37 

7063 Vision Insurance 622.97 

7094 Payroll Fees 4,870.41 

Total 7000 Payroll Expenses $ 1,087,744.87 

7370 Postage and Delivery 37,272.36 

7400 Payroll -Administrative 

7430 Payroll Taxes. 0.00 

Total 7400 Payroll -Administrative $ 0.00 

7480 Printing and Reproduction 4,798.68 

7490 Professional Development 74,041.66 

7500 Professional Fees 

7510 Accounting 96,230.60 

7520 Consulting 16,000.00 

7530 Dispatch Services 2,127.62 

7540 Legal Fees 73,591.17 

Total 7500 Professional Fees $ 187,949.39 

7610 Rent- Office space 94,057.30 

7612 Office Parking/Melbourne Airport Parking Employees 2,805.88 

Total 7610 Rent 

- Office space $ 96,863.18 
7620 Rent- Residential Housing 14,400.00 

7630 Maintenance 3,230.62 

7650 Repairs 8,852.56 

7655 Building Repairs 7,573.41 

Total 7650 Repairs $ 16,425.97 

7680 Training 

7685 Seminars 500.00 

7686 Travel 3,003.31 

Total 7680 Training $ 3,503.31 

7700 Taxes 

7740 State 1,600.00 

Total 7700 Taxes $ 1,600.00 

7750 Telephone 2,930.00 

7755 Cell Phones 11,699.93 

7762 Data Plans 1,684.16 

7770 Office Phones 2,888.88 

Total 7750 Telephone $ 19,202.97 

7850 Travel & Entertainment 137.50 

7855 Airfare 82,252.54 

7860 Entertainment 5,660.60 

7865 Hotels 36,030.44 

7870 Meals 24,499.63 

7880 Transportation 

7882 Fuel 15,200.81 

7885 Rental Car 7,509.58 

7886 Parking Expenses 1,937.62 

7887 Taxis{Tolls 2,220.50 

Total 7880 Transportation $ 26,868.51 

Total 7850 Travel & Entertainment $ 175,449.22 

7895 Uniforms 1,955.29 

7950 Utilities 

7955 Gas and Electric 9,107.39 

7965 Cable 640.00 

7970 Internet connection 16,188.53 

Total 7950 Utilities $ 25,935.92 

Total Expenses $ 2,274,843.42 

Net Operating Income -$ 2,573,568.20 

Net Income -$ 2,573,568.20 

Friday, Apr 03, 2015 03:19:29 PM PDT GMT-7- Accrual Basis 
Income 

4000 Charter Income 

4010 Charter Income- Elite Aircraft 

Total 4000 Charter Income 

Total Income 

Cost of Goods Sold 

5000 Charter Expenses 

5010 Aircraft Lease- N97EA 

5100 Other Trip Expense- EA Aircraft 

5110 Airline Tickets 

5136 Catering 

5165 Landing Fees 

Elite Airways, LLC 

Profit and Loss 

January- December 2012 

Total 5100 Other Trip Expense - EA Aircraft 

5305 Crew Service Exp - CA 

5310 Crew Service Exp- PIC, SIC 

Total 5000 Charter Expenses 

5600 Aircraft Maintenance Reserve 

5650 Aircraft Maintenance 

5700 Cost of labor 

5710 Payroll 

5730 Payroll Taxes 

Total 5700 Cost of labor 

5800insurance Expense 

5820 Aircraft Liability Ins. 

5830 Workers Comp. Ins. 

Total 5800 Insurance Expense 

Total Cost of Goods Sold 

Gross Profit 

Expenses 

6120 Bank Service Charges 

6126 Credit Card Fees 

Total 6120 Bank Service Charges 

6130 Computer Software 

6170 Dues and Subscriptions 

6180 Fees & Licensing 

6600insurance 

6650 Workers Compensation 

Total 6600 Insurance 

6800 IT Expenses 

6880 Management Fees RVL Group 

6900 Office Supplies 

6950 Office Equipment- Rental 

7000 Payroll Expenses 

7094 Payroll Fees 

Total 7000 Payroll Expenses 

7370 Postage and Delivery 

Total 

351,504.00 

$ 351,504.00 

$ 351,504.00 

110,000.00 

50.00 

17.73 

41.36 

$ 109.09 

200.00 

778.98 

$ 111,088.07 

72,919.20 

17,395.72 

159,199.76 

9,677.39 

$ 168,877.15 

52,352.00 

2,834.92 

$ 55,186.92 

$ 425,467.06 

-$ 73,963.06 

0.00 

$ 0.00 

271.23 

59.50 

450.00 

2,158.88 

0.00 

$ 2,158.88 

2,598.60 

75,000.00 

11 '132.22 

10.00 

0.00 

214.79 

$ 214.79 

4,159.00 
7400 Payroll -Administrative 

7430 Payroll Taxes. 0.00 

Total 7400 Payroll -Administrative $ 0.00 

7480 Printing and Reproduction 0.00 

7490 Professional Development 9,263.34 

7500 Professional Fees 6,672.00 

7530 Dispatch Services 9,121.94 

Total 7500 Professional Fees $ 15,793.94 

7610 Rent- Office space 1,735.00 

7620 Rent- Residential Housing 4,135.00 

7630 Maintenance 1,320.00 

7750 Telephone 1,412.00 

7755 Cell Phones 400.04 

7765 Dispatch Phones 1,210.00 

Total 7750 Telephone $ 3,022.04 

7850 Travel & Entertainment 621.74 

7855 Airfare 21,968.44 

7865 Hotels 15,098.18 

7870 Meals 5,050.03 

7880 Transportation 

7882 Fuel 968.31 

7885 Rental Car 2,455.78 

7886 Parking Expenses 127.00 

Total 7880 Transportation $ 3,551.09 

Total 7850 Travel & Entertainment $ 46,289.48 

7950 Utilities 

7955 Gas and Electric 400.46 

7970 Internet connection 170.00 

Total 7950 Utilities $ 570.46 

Total Expenses $ 178,183.48 

Net Operating Income -$ 252,146.54 

Net Income -$ 252,146.54 

Friday, Apr 03, 2015 03:21:30 PM PDT GMT-7- Accrual Basis 
ASSETS 

Current Assets 

Bank Accounts 

Elite Airways, LLC 

Balance Sheet 

As of February 28, 2015 

1000 Bank of America- 9414 (deleted) 

1005 SBBT/UNION BANK- 3717 

1006 Bank of America- 1265 

1006 CNB-6931/EA (deleted) 

Total Bank Accounts 

Accounts Receivable 

1100 Accounts Receivable 

1105 Unbilled Receivable 

1110 Accts Rec - Reserve for Bad Debt 

Total Accounts Receivable 

Other current assets 

1010 Petty Cash 

1200 Contractual Receivables 

1201 Contractual Receivables- Flown (deleted) 

1202 Contractual Receivables- Monthly Estimate (deleted) 

1203 Contractual Receivables Payments (deleted) 

Total1200 Contractual Receivables 

1265 11 EA- Maintenance 

1270 Prepaid Expenses 

1271 Aircraft Liability Ins. 

1272 Captain's Training 

1273 First Officer's Training 

1274 Pilot Training 

1275 Other 

1276 Worker's Comp. Ins. 

1277 Legal 

1278 Fuel- Epic Aviation 

1279 TSA Services 

1280 AC Maintenance 

Total1270 Prepaid Expenses 

1281 Call Options 

1285 Payroll Clearing 

1395 Outside Services 

1510 Loan Receivable 

1520 Employee Advances/Manual Checks 

1540 Due To/From RCBL 

interbank transfers 

Total Other current assets 

Total Current Assets 

Fixed Assets 

1601 Aircraft- N96EA 

Original Cost 

Total 1601 Aircraft - N96EA 

Total 

0.00 

0.00 

984,542.37 

0.00 

$ 984,542.37 

448,794.17 

31 '141.36 

-10,000.00 

$ 469,935.53 

3,772.72 

0.00 

0.00 

0.00 

$ 0.00 

0.00 

182,802.37 

0.00 

0.00 

115,757.04 

181,002.00 

34,461.30 

3,500.00 

16,433.50 

30,757.26 

0.00 

$ 564,713.47 

0.00 

13,470.16 

0.00 

0.00 

0.00 

0.00 

0.00 

$ 581,956.35 

$ 2,036,434.25 

2,807,479.66 

$ 2,807,479.66 
1602 Aircraft- N91 EA 

Original Cost 

Total 1602 Aircraft- N91 EA 

1603 Aircraft • N92EA 

Original Cost 

Total 1603 Aircraft - N92EA 

1604 Aircraft- N93EA 

Original Cost 

Total 1604 Aircraft- N93EA 

1610 Office Equipment 

1620 Software 

1625 Software-Aircraft Maintenance 

1650 Airplane Maintenance Tools & Equipment 

1655 Furniture & Fixtures 

1690 Accumulated Depreciation 

Total Fixed Assets 

Other Assets 

1300 121 Certificate 

Total 1300 121 Certificate 

1750 Security Deposit (Paid) 

Total Other Assets 

TOTAL ASSETS 

LIABILITIES AND EQUITY 

Liabilities 

Current Liabilities 

Accounts Payable 

2000 Accounts Payable 

2010 Due to RVL 

Total Accounts Payable 

Credit Cards 

2014 Capitol One 

Total Credit Cards 

Other Current Liabilities 

2005 Accrued Expenses 

2006 Accrued Expenses - Aircraft Fuel 

2007 Accrued Expenses - Payroll 

2015 Customer Deposits 

2017 Sub-Service Credits 

Total 2015 Customer Deposits 

2020 Due to RVL Group 

2025 HFC Acceptance, LLC Current Loan 

2030 HFC Acceptance, LLC-Short Term Loan 

2040 Due to/from Lyle 

2045 Due to/from Elite Airways Tours LLC 

2050 Reserve-Aircraft Maintenance 

2051 Reserve-Aircraft Maintenance-Owned Planes 

2100 Payroll Liabilities 

2220 Direct Deposit Payable (deleted) 

2230 *Direct Deposit Liabilities (deleted) 

2310 Unearned Charter Income-Leased Aircraft (deleted) 

2410 Accrued- Charter Income Lease (deleted) 

2510 FET 7.5% Tax 

2,661,117.14 

$ 2,661,117.14 

2, 756,7 40.92 

$ 2,756,740.92 

2,825,497.29 

$ 2,825,497.29 

60,888.21 

24,835.04 

164,787.75 

50,554.00 

1,882.01 

-744,487.10 

$ 10,609,294.92 

3,97 4, 705.96 

$ 3,974,705.96 

131,688.88 

$ 4,1 06,394.84 

$ 16,752,124.01 

1 ,656,492.47 

0.00 

$ 1 ,656,492.47 

0.00 

$ 0.00 

4,671.63 

36,047.85 

8,500.00 

1 '716,250.50 

40,002.75 

$ 1,756,253.25 

0.00 

1 ,21 0, 714.32 

700,000.00 

0.00 

-400.00 

1,061,748.36 

148,243.60 

0.00 

0.00 

0.00 

0.00 

0.00 

121,585.82 
2515 FET Domestic Segment Fees 10,564.00 

2520 FET International Arrival/Departure 0.00 

2527 FET- Fuel Tax Credits 87,439.12 

2530 New York Disability Ins. 0.00 

Total Other Current Liabilities $ 5,145,367.95 

Total Current Liabilities $ 6,801,860.42 

Long-Term Liabilities 

2700 Security Deposits 0.00 

2710 HFC Acceptance, LLC. 5,778,578.34 

2725 Note- Maintenance Software 155,250.00 

Total Long-Term Liabilities $ 5,933,828.34 

Total Liabilities $ 12,735,688.76 

Equity 

3000 Common Contributions-Net 

3100 Common Contributions-Net 3,455,990.43 

Total 3000 Common Contributions-Net $ 3,455,990.43 

3200 Preferred Contributions 3,000,000.00 

3250 Preferred Distributions -391 ,083.37 

Total 3200 Preferred Contributions $ 2,608,916.63 

3500 Retained Earnings -4,331,638.26 

Net Income 2,283,166.45 

Total Equity $ 4,016,435.25 

TOTAL LIABILITIES AND EQUITY $ 16,752,124.01 

Friday, Apr 03, 2015 02:44:12 PM PDT GMT-7- Accrual Basis 
ASSETS 

Current Assets 

Bank Accounts 

1=1ne Airways, LLC 

Balance Sheet 

As of December 31, 2014 

1000 Bank of America- 9414 (deleted) 

1005 SBBT/UNION BANK- 3717 

1006 Bank of America- 1265 

1006 CNB-6931/EA (deleted) 

Total Bank Accounts 

Accounts Receivable 

1100 Accounts Receivable 

1105 Unbilled Receivable 

Total Accounts Receivable 

Other current assets 

1 01 0 Petty Cash 

1200 Contractual Receivables 

1201 Contractual Receivables- Flown (deleted) 

1202 Contractual Receivables- Monthly Estimate (deleted) 

1203 Contractual Receivables Payments (deleted) 

Total 1200 Contractual Receivables 

1270 Prepaid Expenses 

1271 Aircraft Liability Ins. 

1272 Captain's Training 

1273 First Officer's Training 

1274 Pilot Training 

1275 Other 

1276 Worker's Comp. Ins. 

1277 Legal 

1278 Fuel- Epic Aviation 

Total 1270 Prepaid Expenses 

1281 Call Options 

1395 Outside Services 

1510 Loan Receivable 

1520 Employee Advances/Manual Checks 

1540 Due To/From RCBL 

interbank transfers 

Total Other current assets 

Total Current Assets 

Fixed Assets 

1601 Aircraft- N96EA 

Original Cost 

Total1601 Aircraft- N96EA 

1602 Aircraft - N91 EA 

Original Cost 

Total 1602 Aircraft - N91 EA 

Total 

0.00 

0.00 

713,029.69 

0.00 

$ 713,029.69 

299,414.47 

0.00 

$ 299,414.47 

4,779.00 

0.00 

0.00 

0.00 

$ 0.00 

128,928.31 

0.00 

0.00 

62,894.56 

170,495.92 

42,540.58 

8,500.00 

19,680.24 

$ 433,039.61 

4,011.00 

0.00 

0.00 

0.00 

0.00 

0.00 

$ 441,829.61 

$ 1 ,454,273. 77 

2,807,479.66 

$ 2,807,479.66 

2,661,117.14 

$ 2,661,117.14 
1603 Aircraft- N92EA 

Original Cost 

Total 1603 Aircraft 

- N92EA 

1604 Aircraft- N93EA 

Original Cost 

Total 1604 Aircraft 

- N93EA 

1610 Office Equipment 

1620 Software 

1625 Software-Aircraft Maintenance 

1650 Airplane Maintenance Tools & Equipment 

1690 Accumulated Depreciation 

Total Fixed Assets 

Other Assets 

1300 121 Certificate 

Total 1300 121 Certificate 

1750 Security Deposit (Paid) 

Total Other Assets 

TOTAL ASSETS 

LIABILITIES AND EQUITY 

Liabilities 

Current Liabilities 

Accounts Payable 

2000 Accounts Payable 

2010 Due to RVL 

Total Accounts Payable 

Credit Cards 

2014 Capitol One 

Total Credit Cards 

Other Current Liabilities 

2005 Accrued Expenses 

2015 Customer Deposits 

2020 Due to RVL Group 

2025 HFC Acceptance, LLC Current Loan 

2030 HFC Acceptance, LLC-Short Term Loan 

2040 Due to/from Lyle 

2045 Due to/from Elite Airways Tours LLC 

2050 Reserve-Aircraft Maintenance 

2051 Reserve-Aircraft Maintenance-Owned Planes 

2100 Payroll Liabilities 

2220 Direct Deposit Payable (deleted) 

2230 *Direct Deposit Liabilities (deleted) 

2310 Unearned Charter Income-Leased Aircraft (deleted) 

2410 Accrued- Charter Income Lease (deleted) 

2510 FET 7.5% Tax 

2515 FET Domestic Segment Fees 

2,756,740.92 

$ 2,756,740.92 

2,787,340.29 

$ 2,787,340.29 

46,928.53 

24,835.04 

162,000.00 

50,554.00 

-577,194.96 

$10,719,800.62 

3,974,705.96 

$ 3,974,705.96 

6,688.88 

$ 3,981 ,394.84 

$16,155,469.23 

1,023,039.39 

0.00 

$ 1 ,023,039.39 

0.00 

$ 0.00 

11,152.07 

4,243,298.14 

0.00 

1,210,714.32 

700,000.00 

0.00 

-400.00 

954,040.65 

81,308.26 

0.00 

0.00 

0.00 

0.00 

0.00 

111,861.04 

872.00 
2520 FET International Arrival/Departure 

2530 New York Disability Ins. 

Total Other Current Liabilities 

Total Current Liabilities 

Long-Term Liabilities 

2700 Security Deposits 

2710 HFC Acceptance, LLC. 

2725 Note- Maintenance Software 

Total Long-Term Liabilities 

Total Liabilities 

Equity 

3000 Common Contributions-Net 

3100 Common Contributions-Net 

Total 3000 Common Contributions-Net 

3200 Preferred Contributions 

3250 Preferred Distributions 

Total 3200 Preferred Contributions 

3500 Retained Earnings 

Net Income 

Total Equity 

TOTAL LIABILITIES AND EQUITY 

Friday, Apr 03, 2015 02:40:58 PM PDT GMT-7- Accrual Basis 

385.00 

0.00 

$ 7,313,231.48 

$ 8,336,270.87 

0.00 

5,879,471.22 

159,750.00 

$ 6,039,221.22 

$14,375,492.09 

3,455,990.43 

$ 3,455,990.43 

3,000,000.00 

-344,375.03 

$ 2,655,624.97 

-2,825,714.74 

-1,505,923.52 

$ 1,779,977.14 

$16,155,469.23 
ASSETS 

Current Assets 

Bank Accounts 

Elite Airways, LLC 

Balance Sheet 

As of December 31, 2013 

1000 Bank of America- 9414 (deleted) 

1005 SBBT/UNION BANK- 3717 

1006 Bank of America- 1265 

1006 CNB-6931/EA (deleted) 

Total Bank Accounts 

Accounts Receivable 

1100 Accounts Receivable 

Total Accounts Receivable 

Other current assets 

1200 Contractual Receivables 

1201 Contractual Receivables- Flown (deleted) 

1202 Contractual Receivables- Monthly Estimate (deleted) 

1203 Contractual Receivables Payments (deleted) 

Total1200 Contractual Receivables 

1270 Prepaid Expenses 

1271 Aircraft Liability Ins. 

1272 Captain's Training 

1273 First Officer's Training 

1274 Pilot Training 

1275 Other 

1276 Worker's Comp. Ins. 

1277 Legal 

Total 1270 Prepaid Expenses 

1395 Outside Services 

1510 Loan Receivable 

1520 Employee Advances/Manual Checks 

Total Other current assets 

Total Current Assets 

Fixed Assets 

1601 Aircraft 

- N96EA 

Original Cost 

Total 1601 Aircraft- N96EA 

1602 Aircraft- N91 EA 

Original Cost 

Total 1602 Aircraft- N91 EA 

1603 Aircraft- N92EA 

Original Cost 

Total 1603 Aircraft 

- N92EA 

1604 Aircraft- N93EA 

Original Cost 

Total 1604 Aircraft 

- N93EA 

1610 Office Equipment 

1620 Software 

$ 

$ 

$ 

$ 

$ 

$ 

$ 

$ 

$ 

$ 

Total 

0.00 

492.07 

56,401.09 

0.00 

56,893.16 

50,429.40 

50,429.40 

0.00 

0.00 

0.00 

0.00 

225,240.27 

0.00 

0.00 

85,479.94 

22,595.00 

39,716.28 

5,000.00 

378,031.49 

0.00 

12,932.96 

0.00 

390,964.45 

498,287.01 

2,550,125.94 

2,550,125.94 

2,548,908.08 

2,548,908.08 

2,502,532.55 

2,502,532.55 

2,495,864.08 

2,495,864.08 

14,537.83 

24,835.04 
Total Fixed Assets $ 1 0,136,803.52 

Other Assets 

1300 121 Certificate 3,974,705.96 

Total1300 121 Certificate $ 3,974,705.96 

1750 Security Deposit (Paid) 6,688.88 

Total Other Assets $ 3,981 ,394.84 

TOTAL ASSETS $ 14,616,485.37 

LIABILITIES AND EQUITY 

Liabilities 

Current Liabilities 

Accounts Payable 

2000 Accounts Payable 964,625.84 

2010 Due to RVL 0.00 

Total Accounts Payable $ 964,625.84 

Credit Cards 

2014 Capitol One 15,574.87 

Total Credit Cards $ 15,574.87 

Other Current Liabilities 

2005 Accrued Expenses 23,732.76 

2015 Customer Deposits 949,649.03 

2020 Due to RVL Group 75,000.00 

2050 Reserve-Aircraft Maintenance 507,441.72 

2100 Payroll Liabilities 0.00 

2220 Direct Deposit Payable (deleted) 0.00 

2230 *Direct Deposit Liabilities (deleted) 0.00 

2310 Unearned Charter Income-Leased Aircraft (deleted) 0.00 

2410 Accrued- Charter Income Lease (deleted) 0.00 

2510 FET 7.5% Tax 71,683.03 

2515 FET Domestic Segment Fees 6,119.10 

2520 FET International Arrival/Departure 0.00 

Total Other Current Liabilities $ 1 ,633,625.64 

Total Current Liabilities $ 2,613,826.35 

Long-Term Liabilities 

2700 Security Deposits 0.00 

2710 HFC Acceptance, LLC. 8,300,900.00 

Total Long-Term Liabilities $ 8,300,900.00 

Total Liabilities $ 10,914,726.35 

Equity 

3000 Common Contributions-Net 

3100 Common Contributions-Net 3,582,890.43 

Total 3000 Common Contributions-Net $ 3,582,890.43 

3200 Preferred Contributions 3,000,000.00 

3250 Preferred Distributions -55,416.67 

Total 3200 Preferred Contributions $ 2,944,583.33 

3500 Retained Earnings -252,146.54 

Net Income -2,573,568.20 

Total Equity $ 3,701,759.02 

TOTAL LIABILITIES AND EQUITY $ 14,616,485.37 

Friday, Apr 03, 2015 03:02:31 PM PDT GMT-7- Accrual Basis 
ASSETS 

Current Assets 

Bank Accounts 

Elite Airways, LLC 

Balance Sheet 

As of December 31, 2012 

1000 Bank of America- 9414 (deleted) 

1005 SBBT/UNION BANK- 3717 

1006 CNB-6931/EA (deleted) 

Total Bank Accounts 

Other current assets 

1200 Contractual Receivables 

1201 Contractual Receivables- Flown (deleted) 

1203 Contractual Receivables Payments (deleted) 

Total1200 Contractual Receivables 

1270 Prepaid Expenses 

1273 First Officer's Training 

1276 Worker's Comp. Ins. 

Total1270 Prepaid Expenses 

1395 Outside Services 

1510 Loan Receivable 

Total Other current assets 

Total Current Assets 

Fixed Assets 

1610 Office Equipment 

1620 Software 

Total Fixed Assets 

Other Assets 

1300 121 Certificate 

Total1300 121 Certificate 

1750 Security Deposit (Paid) 

Total Other Assets 

TOTAL ASSETS 

LIABILITIES AND EQUITY 

Liabilities 

Current Liabilities 

Accounts Payable 

2000 Accounts Payable 

201 0 Due to RVL 

Total Accounts Payable 

Other Current Liabilities 

2020 Due to RVL Group 

2050 Reserve-Aircraft Maintenance 

21 00 Payroll Liabilities 

2220 Direct Deposit Payable (deleted) 

2230 *Direct Deposit Liabilities (deleted) 

2410 Accrued- Charter Income Lease (deleted) 

Total Other Current Liabilities 

Total Current Liabilities 

Total 

0.00 

115,313.26 

0.00 

$ 115,313.26 

351,504.00 

-643,525.46 

-$ 292,021.46 

42,316.66 

7,748.43 

$ 50,065.09 

0.00 

12,000.00 

-$ 229,956.37 

-$ 114,643.11 

22,404.74 

3,835.04 

$ 26,239.78 

3,97 4, 705.96 

$ 3,974,705.96 

1,500.00 

$ 3,976,205.96 

$ 3,887,802.63 

76,679.69 

0.00 

$ 76,679.69 

75,000.00 

72,919.20 

409.85 

0.00 

0.00 

0.00 

$ 148,329.05 

$ 225,008.74 
Long-Term Liabilities 

2700 Security Deposits 200,000.00 

Total Long-Term Liabilities $ 200,000.00 

Total Liabilities $ 425,008.74 

Equity 

3000 Common Contributions-Net 

3100 Common Contributions-Net 3, 714,940.43 

Total 3000 Common Contributions-Net $ 3, 714,940.43 

3500 Retained Earnings 0.00 

Net Income -252,146.54 

Total Equity $ 3,462, 793.89 

TOTAL LIABILITIES AND EQUITY $ 3,887,802.63 

Friday, Apr 03, 2015 03:07:06 PM PDT GMT-7- Accrual Basis 
Elite Airways: Application for Certificate of Public Convenience and Necessity 

Exhibit 9 

Response to Financial Positon Data Requirements 

Response to Compliance Disposition Data Requirements 
Elite Airways 

Response to Financial Position Data Requirements 

The following responds to the request for statements on page 18 (#2) and page 20 (#6) of the 

DOT Fitness Guidance. 

1. List any liens or encumbrances against any of applicant's assets, including those pledges 

as collateral for any outstanding obligations. 

Security Agreement with Hankey Finance Corporation for four CRJ-200 aircraft, N91EA, 

N92EA, N93EA, N96EA, recorded with FAA. 

2. List any major commitment into which applicant has entered during the past 6 months, 

or proposes to enter into during the next 6 months, including bank or other institutional 

financing, private financing, issuance of bonds or stock in Elite, or major contracts to 

perform services. 

None 

3. List any transaction in which applicant sold or exchanged any major assets during the 

past 6 months, or plans to sell or exchange within the next 6 months, including how any 

funds realized from those transactions were or are intended to be used. 

None 

4. List any liabilities that are more than 60 days past due at the time of the application, 

including the amount and the circumstances under which they are past due and will be 

paid. 

None 

5. List any contingent liabilities that may have an effect on the applicant's financial posture 

(e.g., lawsuits, pending judgments), including plans to meet those obligations. 

None 

6. List any events that occurred after the preparation of the most recent financial 

statements that may have a significant impact on the financial position of the applicant. 

If no such events have occurred, provide a statement to that effect. 

No Events 

7. A description of all outstanding judgments against the applicant 
a. All actions and outstanding judgments of more than $5,000 against the applicant 

and the amount of each such judgment, the party to whom it is payable and how 

long it has been outstanding. 

None 

b. List the number of actions and outstanding judgments of less than $5,000 against 

the applicant and the total amount owed on each such judgment. 

None 

Response to Compliance Disposition data requirements, page 21-22 (#1-#4) 

8. List all pending investigations, enforcement actions or formal complaints filed by the 

Department of Transportation, including the FAA, involving applicant, regarding 

compliance with the Federal Aviation Act or orders, rules or regulations issued pursuant 

to the statute and any corrective actions taken. 

There are no such pending investigations, enforcement actions or formal complaints. 

9. Describe any charges (civil or criminal) within the past 10 years brought against 

applicant, of fraud, felony, or antitrust violations, or of unfair, anticompetitive or 

deceptive business practices, including their final disposition or current status. 

No such civil or criminal charges have been brought against applicant since its 

incorporation. 

10. Please describe any aircraft accident or incident experience by applicant, which occurred 

during the previous year preceding the date of the application or at any time in the past 

which remains under investigation by the FAA, NTSB or by any other entity. Include the 

date of the occurrence, the type of flight, the number of passengers and crew on board 

and an enumeration of injuries and fatalities, and describe the damage to the aircraft. 

Provide FAA and NTSB file numbers and the status of any investigation, including 

enforcement actions initiated against the carrier or you. Also describe any actions taken 

to prevent the recurrence of similar events. 

Since beginning operations, applicant has not been involved in any such aircraft 

accident or incident. 
Elite Airways: Application for Certificate of Public Convenience and Necessity 

Exhibit 10 

Forecast Balance Sheet and Profit & Loss Statement 
Flights (round trips) BBG-HOU-BBG 

Total Flight Segments 

Average Load Factor(%) 

Average Fare 

Passenger Revenue: 

Airfare 

Ancillary (15%) 

Total Revenue 

Costs 

Excise Tax 

TSA Security Fee 

PFC 

Ground Handling 

Airport Fees 

Fuel 

Credit Card Fees 

Catering 

Ticketing/Reservations 

BLOCK TIME (Hours) 

Aircraft Costs 

TOTAL 

NET INCOME 

Month 1 

20 

40 

40 

179.00 

200,480.00 

30,072.00 

230,552.00 

15,036.00 

1,198.40 

5,040.00 

5,280.00 

4,600.00 

56,492.00 

5,813.92 

4,000.00 

2,000.00 

48.60 

102,060.00 

201,568.92 

28,983.08 

Month 2 

20 

40 

45 

179.00 

225,540.00 

33,831.00 

259,371.00 

16,915.50 

2,301.60 

924.75 

4,000.00 

4,600.00 

56,492.00 

6,540.66 

4,000.00 

2,000.00 

48.60 

102,060.00 

199,883.11 

59,487.89 

Month 3 

20 

40 

50 

179.00 

250,600.00 

37,590.00 

288,190.00 

18,795.00 

2,251.20 

904.50 

4,000.00 

4,600.00 

56,492.00 

7,267.40 

4,000.00 

2,000.00 

48.60 

102,060.00 

202,418.70 

85,771.30 

Elite Schedule Projections 

Month 4 

20.0 

40 

50 

179.00 

250,600.00 

37,590.00 

288,190.00 

18,795.00 

1,556.80 

562.50 

4,000.00 

4,600.00 

56,492.00 

7,267.40 

4,000.00 

2,000.00 

48.60 

102,060.00 

201,382.30 

86,807.70 

Month 5 

20 

40 

55 

179.00 

275,660.00 

41,349.00 

317,009.00 

20,674.50 

2,439.10 

1,093.50 

4,388.08 

4,600.00 

56,492.00 

7,994.14 

4,000.00 

2,000.00 

48.60 

102,060.00 

205,789.92 

111,219.08 

Month 6 

20 

40 

60 

179.00 

300,720.00 

45,108.00 

345,828.00 

22,554.00 

2,226.30 

805.50 

4,388.08 

4,600.00 

56,492.00 

8,720.88 

4,000.00 

2,000.00 

48.60 

102,060.00 

207,895.36 

137,932.64 

Month 7 

20 

40 

60 

179.00 

300,720.00 

45,108.00 

345,828.00 

22,554.00 

716.80 

261.00 

3,234.06 

4,600.00 

56,492.00 

8,720.88 

4,000.00 

2,000.00 

48.60 

102,060.00 

204,687.34 

141,140.66 

Month 8 

20 

40 

60 

179.00 

300,720.00 

45,108.00 

345,828.00 

22,554.00 

1,265.60 

445.50 

3,291.06 

4,600.00 

56,492.00 

8,720.88 

4,000.00 

2,000.00 

48.60 

102,060.00 

205,477.64 

140,350.36 

Month 9 

20 

40 

60 

179.00 

300,720.00 

45,108.00 

345,828.00 

22,554.00 

1,618.40 

670.50 

2,197.65 

4,600.00 

56,492.00 

8,720.88 

4,000.00 

2,000.00 

48.60 

102,060.00 

204,962.03 

140,865.97 

Mon

1

300,7

45,1

345,8

22,5

2,

8

3,2

4,6

56,4

8,7

4,0

2,0

102,

206,6

139,

ASM's 1,346,800.00 1,346,800.00 1,346,800.00 1,346,800.00 1,346,800.00 1,346,800.00 ########### ########### ########### #####

Break Even Load Factor 

Notes; Aircraft Costs include Crew, Maintenance Reserves 

Fuel Avg Burn 487 Gallons actual 

HOU-BBG Fuel $2.90 per gal into plane 

36% 36% 36% 36% 36% 36% 36% 36% 36% 
Elite Airways: Application for Certificate of Public Convenience and Necessity 

Exhibit 11 

OST Form 6410- Certificate of Insurance 
AGENCY DISPLAY OF ESTIMATED BURDEN 

The public reporting burden for this collection of information is estimated to average 30 minutes per response. If you wish to comment on the 

accuracy of the estimate or make suggestions for reducing this burden, please direct your comments to: U.S. Department of Transportation, 

Office of Aviation Analysis, X-56, 400 7"' St., SW., Washington, D.C. 20580. According to the Paperwork Reduction Act of 1995, no 

persons are required to respond to a collection of information unless it displays a valid OMB control number. 

Office of NOTE: For information on where to file completed copies of this form, see FILING INSTRUCTIONS below. the Secretary 

of Transportation OMB No. 2106-0030 Expires 9-30-2007 

U.S. AIR CARRIERS- CERTIFICATE OF INSURANCE 

POLICIES OF INSURANCE FOR AIRCRAFT ACCIDENT BODILY INJURY 

AND PROPERTY DAMAGE LIABILITY 

FILING INSTRUCTIONS: File a signed original of this form with the Federal Aviation Administration, AFS-260,800 Independence Ave., S.W., Washington, D.C. 

20591. (See EXCEPTIONS I and 2 below). 

EXCEPTION 1: If Block 28 on the reverse is filled in because the insured is a commuter air carrier, file a signed original of this form with the Department of 

Transportation, air Carrier Fitness Division, X-56, 400 7"' St., SW, Washington, DC 20590. 

EXCEPTION 2: For l!!!Y insured that is located in the State of Alaska (regardless as to whether Block 2A, 2B or 2C is filled in), file a signed original of this form with 

the Federal Administration, Alaskan Region Hq., AAL-230, 222 W. 7"' Ave., #14, Anchorage, Alaska 99513 

(Please type information, except signatures.) 

THIS CERTIFIES THAT: SEE ATTACHED SECURITY SHEET 

(Name oflnsurer) 

has issued a policy or policies of Aircraft Liability Insurance to ~E~h!!:·te!<....!:A~i.!..:rw!!..!!.ay~s~.-'L""L"'C"---------------------------

97A Exchange Street. Suite 204 Portland ME 04101-5016 FAA Certificate Number 19EA891L 

(Name, address and FAA Certificate number of Insured U.S. Air Carrier 

effective from May I. 2014 until ten (10) days after written notice from the insurer or carrier of the intent to terminate 

coverage is received by the Department of Transportation. 

NOTE: Part 205 of the Department's Regulations does not allow for a predetermined termination date, and a certificate showing such a date is 

unacceptable. 

I. The Insurer (Check One): 

t8J is licensed to issued aircraft insurance policies in the United States; 

D is licensed or approved by the government of __________________ to issued aircraft insurance policies, or 

D is an approved surplus line insurer in the State(s) of ____________________ _ 

2. The insurer assumes, under the policy or policies listed below, aircraft accident liability insured to minimums at least equal to the following during 

operation, maintenance, or use of aircraft in "air transportation" as that term is defined in 49 U.S.C. 40102. 

(Comolete applicable section(s) A B or C below): 

A. U.S. AIR TAXI OPERA TORS (EXCLUDING U.S. COMMUTER AIR CARRIERS) WITH PART 298 AUTHORITY ONLY: 

The aircraft covered by this policy are SMALLAIRCRAFT (i.e., with 60 or fewer passenger seats or with a maximum payload capacity of 

18,000 pounds or less). (Complete separate or combined coverage as appropriate). 

0 Separate Coverages: 

Policy No. Tvoe of Liability 

Bodily Injury Liability 

(Excluding Passengers) 

Passenger Bodily injury 

Property Damage 

Minimum Limit 

Each person Each Occurrence 

$75,000 $300.000 

$75,000 $75,000 x 75% of 

$100,000 

total number of 

passenger seats 

installed in aircraft 

0 Combined Coverage. The amount of coverage set forth below is a single limit of liability for each occurrence at least equal to the required minimum 

stated above for bodily injury (excluding passengers), property damage, and passenger bodily injury. 

Policy No.--------------- Amount of Coverage--------------

0 This policy covers CARGO operations only and exclude passenger liability insurance. 

OST Form 6410 
B. U.S. COMMUTER AIR CARRIERS OR CERTIFICATED AIR CARRIERS OPERATING SMALL AIRCRAFT 

The aircraft covered by this policy are SMALL AIRCRAFT (i.e., with 60 or fewer passenger seats or with a maximum payload capacity of 18,000 pounds or 

less). (Complete separate or combined coverage as aporooriate): 

0 Separate Coverages: 

Policy No. Type of Liability 

Combined Bodily Injury (Excluding Passengers other 

than cargo attendants) and Property Damage Liability 

Passenger Bodily injury 

Minimum Limit 

Each oerson 

$300,000 

$300,000 

Each Occurrence 

$2,000.000 

$300,000 x 75% of 

total number of 

passenger seats 

installed in aircraft 

0 Combined Coverage. The amount of coverage set forth below is a single limit of liability for each occurrence at least equal to the required minimums 

stated above for bodily injury (excluding passengers), property damage, and passenger bodily injury. 

Policy No.---------------- Amount of Coverage---------------

0 This policy covers CARGO operations only and exclude passenger liability insurance. 

C. U.S. CERTIFICATED AIR CARRIERS OPERATING LARGE AIRCRAFT 

The aircraft covered by this policy are LARGE AIRCRAFr (i.e., with more than 60 passenger seats or with a maximum payload capacity of more than 

18,000 pounds). (Complete separate or combined coverage a~ appropriate): 

0 Separate Coverages: 

Minimum Limit 

Policy No. Type of Liability Each person Each Occurrence 

Combined Bodily Injury (Excluding Passengers other 

than cargo attendants) and Property Damage Liability $300,000 

$300,000 

$2,000.000 

$300,000 x 75% of 

total number of 

passenger seats 

installed in aircraft 

Passenger Bodily injury 

12:1 Combined Coverage. The amount of coverage set forth below is a single limit of liability for each occurrence at least equal to the required minimums 

stated above for bodily injury (excluding passengers), property damage, and passenger bodily injury. 

Policy No. See Attached Security Sheet Amount of Coverage -"$'-"3"'0""0"'0""00"-""0f,JOcL.... ________ _ 

0 This policy covers CARGO operations only and exclude passenger liability insurance. 

3. The policy or policies listed in this certificate insure(s) (Check One): 

12:1 Operations conducted with all aircraft operated by the insured 

0 Operations conducted with the following types of aircraft: 

0 Operations with the following aircraft: (Use additional page if necessary) 

Make and Model FAA or Foreign Flag 

Registration No. 

4. Each policy listed in this certificate meets or exceeds the requirements in 14 CFR Part 205. 

SEE ATTACHED SECURITY SHEET Aon Risk Services Inc. 

(Name of Insured) (Name of Broker, if applicable) 

1001 Brickell Bay Drive Suite 1100 

(Address) (Address) 

Miami FL 33131 

(City, State, Zip Code) (City, State, Zip Code) 

Nick Sirianni Vice President 

Contact (person who can verify the effectiveness of the coverage) (Officer or authorized representative) 

305-961-6176 305-372-8599 

(Area Code, Phone Number) (Area Code, Fax Number) (Area Code Phnn~ 1\Tnmh~•\ r "'~" rnri~ Fax Number) 

(Signature if applicable) 

March 13 2015 

Date Date 
ELITE AIRWAYS LLC 

SECURITY SHEET- HULL AND LIABILITY 

POLICY TERM: May 27, 2014- May 27, 2015 on both dates at 12:01 A.M. Local Standard Time at the address of the 

Named Insured. 

INSURER/ADDRESS 

Starr Surplus Lines Insurance Company 

lronshore Specialty Insurance Company 

through Starr Aviation Agency, Inc. 

3353 Peachtree Road, NE, Suite 1 000 

Atlanta, GA 30326 

Underwriters at Lloyd's of London 

and other London Companies 

through Aon Limited, Aviation 

8 Devonshire Square 

London, EC2M 4PL, UK 

XL Specialty Insurance Company 

One World Financial Center 

200 Liberty Street, 21st Floor 

New York, New York 10281 

Catlin Insurance Company, Inc 

c/o W. Brown & Associates Insurance Services 

4675 MacArthur Court, Suite 770 

Newport Beach, CA 92660 

StarNet Insurance Company 

through Berkley Aviation, LLC 

3780 State Street, Suite C 

Santa Barbara, CA 93105 

Great American Insurance 

197 Route 18 South, Suite 3000 

East Brunswick, NJ 08816 

POLICY NUMBER 

SASLAMR63616613-03 

IHM1 00157-03 

AM1434401 

UA00006927 AV14A 

NQC4024490 

BA-13-05-0007 8 

QS2406120-00 

TOTAL 

SEVERAL LIABILITY NOTICE 

QUOTA SHARE 

19.5% 

5.5% 

36.0% 

12.0% 

10.0% 

10.0% 

7.0% 

100.0% 

The subscribing insurers' obligations under contracts of insurance to which they subscribe are several and not joint and are 

limited solely to the extent of their individual subscriptions. The subscribing insurers are not responsible for the subscription 

of any co-subscribing insurer who for any reason does not satisfy all or part of its obligations. 

LSW 1001 (Insurance) 
Elite Airways: Application for Certificate of Public Convenience and Necessity 

Exhibit 12 

OST Form 4523 - Montreal Agreement Signed 

Counterpart 
U.S. Department of Transportation 

Office of the Secretary of Transportation AGREEMENT 

Docket OST 95-236 

The undersigned carriers (hereinafter referred to as "the Carriers") hereby agree as follows: 

1. Each of the Carriers shall, effective May 16, 1966, include the following in its conditions of carriage, including tariffs embodying 

conditions of carriage tiled by it with any government: 

"The Carrier shall avail itself of the limitation of liability provided in the Convention for the Unification of Certain Rules 

Relating to International Carriage by Air signed at Warsaw October 12th, 1929, or provided in the said Convention as amended by 

the Protocol signed at The Hague September 28th, 1955. However, in accordance with Article 22(1) of said Convention, or said 

Convention as amended by said Protocol, the Carrier agrees that, as to all international transportation by the Carrier as defined in 

the said Convention or said Convention as amended by said Protocol, which, according to the contract of Carriage, includes a 

point in the United States of America as a point of origin, point of destination, or agreed stopping place 

(1) The limit of liability for each passenger for death, wounding, or other bodily injury shall be the sum of US $75,000 

inclusive of legal fees and costs, except that, in case of a claim brought in a State where provision is made for separate 

award of legal fees and costs, the limit shall be the sum of US $58,000 exclusive of legal fees and costs. 

(2) The Carrier shall not, with respect to any claim arising out of the death, wounding, or other bodily injury of a passenger, 

avail itself of any defense under Article 20(1) of said Convention or said Convention as amended by said Protocol. 

Nothing herein shall be deemed to affect the rights and liabilities of the Carrier with regard to any claim brought by, on behalf 

of, or in respect of any person who has willfully caused damage which resulted in death, wounding, or other bodily injury of a 

passenger." 

2. Each Carrier shall, at the time of delivery of the ticket, furnish to each passenger whose transportation is governed by the 

Convention, or the Convention as amended by the Hague Protocol, and by the special contract described in paragraph 1, the following 

notice, which shall be printed in type at least as large as 10 point modern type and in ink contrasting with the stock on (i) each ticket; (ii) 

a piece of paper either placed in the ticket envelope with the ticket or attached to the ticket; or (iii) on the ticket envelope: 

"ADVICE TO INTERNATIONAL PASSENGER ON LIMITATION OF LIABILITY 

Passengers on a journey involving an ultimate destination or a stop in a country other than the country of origin are advised 

that the provisions of a treaty known as the Warsaw Convention may be applicable to the entire journey, including any portion 

entirely within the country of origin or destination. For such passengers on a journey to, from, or with an agreed stopping place in 

the United States of America, the Convention and special contracts of carriage embodied in applicable tariffs provide that the 

liability of 

[certain ]"' 

[{name of carrier) and certain other] carriers parties to such special contracts for death of or personal injury to passengers is 

limited in most cases to proven damages not to exceed US $75,000 per passenger, and that this liability up to such limit shall not 

depend on negligence on the part of the carrier. For such passengers traveling by a carrier not a party to such special contracts or 

on a journey not to, from, or having an agreed stopping place in the United States of America, liability of the carrier for death or 

personal injury to passengers is limited in most cases to approximately US $10,000 or US $20,000. 

The names of Carriers parties to such special contracts are available at all ticket offices of such carriers and may be 

examined on request. 

Additional protection can usually be obtained by purchasing insurance from a private company. Such insurance is not 

affected by any limitation of the carrier's liability under the Warsaw Convention or such special contracts of carriage. For further 

information please consult your airline or insurance company representative." 

3. [This Agreement was tiled with the Civil Aeronautics Board of the United States. The Board approved it by Order E-23680, 

adopted May 13, 1966. The Agreement (Agreement 18900) became effective May 16, 1966. On January 1, 1985, this Agreement 

became the responsibility of the Department of Transportation (DOT) by operation of law.] 

4. This Agreement may be signed in any number of counterparts, all of which shall constitute one Agreement. Any Carrier may 

become a party to this Agreement by signing a counterpart hereof and depositing it with DOT. 

5. Any Carrier party hereto may withdraw from this Agreement by giving tw~ ths' wr~~eQ_ n ice of with . 

and the other Carriers parties to the Agreement. . ::.;;7 - (Signature and Date) ~e.. "::t<t1t'-' 

*Either alternative may be used. 

(Printed Name and Tit ~ ~ IN • t--'~~ ~- // 

(Name and Address of Carrier) _.soe-.Jt:..L' ::r:+F::::~~-:::..........,c.-4+Lt.!!lld:;.:!~!:!IL~"~S.::..'---=L~L~C----

OST Fonn 4523 (Formerly CAB Form 263) ~ Ok Pt.>~~ 'Sf'7 
CERTIFICATE OF SERVICE 

I certify that, on April 29, 2015, I caused to be served a copy of the foregoing Application for 

Certificate of Public Convenience and Necessity, by electronic mail upon those addressees listed 

below: 

laura.remo@dot.gov (DOT) 

vanessa.balgobin@dot.gov (DOT) 

douglas.bordeaux@faa.gov (FAA Principal Operations Inspector) 

steve.morrissey@united.com (United) 

gmurphy@crowell.com (Counsel for United) 

sascha.vanderbellen@delta.com (Delta) 

jhill@cooley.com (Counsel for JetBlue and Hawaiian) 

perkmann@cooley.com (Counsel for JetBlue and Hawaiian) 

Jeremy.ross@alaskair.com (Alaska) 

dheffernan@cozen.com (Counsel for Alaska) 

jyoung@yklaw.com (Counsel for Spirit) 

dkirstein@yklaw.com (Counsel for Spirit) 

bob.kneisley@wnco.com (Southwest) 

leslie.abbott@wncom.com (Southwest) 

john.fredericksen@suncountry.com (Sun Country) 

thomas. ting@suncountry.com (Sun Country) 

matwood@cozen.com (Counsel for Frontier) 

slachter@cozen.com (Counsel for Frontier) 

howard.kass@aa.com (American) 

agoerlich@ggh-airlaw.com (Counsel for Allegiant) 

jmaddux@ggh-airlaw.com (Counsel for Allegiant) 

kday@flydenver.com (Denver International Airport) 

cmcintyr@panynj.gov (PortAuthority ofNewYork and New Jersey) 

jbourk@flybranson.com (Branson Airport) 

jpbourk@aol.com (Branson Airport) 

gdonovan@mlbair.com (Melbourne Airport)