LIMA NY CORP.

dba Fly The Whale

dba Tailwind

TRAINING

Airport Agents $500.00

$500.00

LEGAL FEES $3,000.00

System Training $750.00

$5,000.00

TOTAL $9,750.00

TRAINING

$500.00

ADVERTISING

Airport Signage $1,750.00

$2,000.00

$1,500.00

TOTAL $5,250.00

TRAINING

Pilots $1,500.00

TOTAL $1,500.00

$16,500.00

Scheduled Service Start Up Costs

GEN & ADMIN

Reservation Agents

RESERVATION SYSTEM

Initial Implementation

SALES & MARKETING

Scheduled Services Sales Training

Initial Internet Marketing

Web Site Overhaul

OPERATONS

TOTAL START UP COSTS
dba Tailwind

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

DAYS 30 31 30 31 31 30 31 30 31 31 28 31 365

Scheduled Operation

Block time/mo 84 84 84 84 84 84 84 84 84 84 84 84 1008

Revenue $103,761.00 $103,761.00 $103,761.00 $103,761.00 $103,761.00 $103,761.00 $103,761.00 $103,761.00 $103,761.00 $103,761.00 $103,761.00 $103,761.00 $1,245,132.00

On-Demand Operation

Block time/mo 45 46.5 45 46.5 46.5 45 46.5 45 46.5 46.5 42 46.5 547.5

Block time/trip 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 18

Rate/hr $1,950.00 $1,950.00 $1,950.00 $1,950.00 $1,950.00 $1,950.00 $1,950.00 $1,950.00 $1,950.00 $1,950.00 $1,950.00 $1,950.00 $1,950.00

Rate/trip $2,925.00 $2,925.00 $2,925.00 $2,925.00 $2,925.00 $2,925.00 $2,925.00 $2,925.00 $2,925.00 $2,925.00 $2,925.00 $2,925.00 $35,100.00

Revenue $87,750.00 $90,675.00 $87,750.00 $90,675.00 $90,675.00 $87,750.00 $90,675.00 $87,750.00 $90,675.00 $90,675.00 $81,900.00 $90,675.00 $1,067,625.00

TOTALS

BLOCK TIME 129 130.5 129 130.5 130.5 129 130.5 129 130.5 130.5 126 130.5 1555.5

REVENUE $191,511.00 $194,436.00 $191,511.00 $194,436.00 $194,436.00 $191,511.00 $194,436.00 $191,511.00 $194,436.00 $194,436.00 $185,661.00 $194,436.00 $2,312,757.00

Number of AC 2 2 2 2 2 2 2 2 2 2 2 2 2

Revenue/AC $95,755.50 $97,218.00 $95,755.50 $97,218.00 $97,218.00 $95,755.50 $97,218.00 $95,755.50 $97,218.00 $97,218.00 $92,830.50 $97,218.00 $1,156,378.50

INCOME

Flight Income $191,511.00 $194,436.00 $191,511.00 $194,436.00 $194,436.00 $191,511.00 $194,436.00 $191,511.00 $194,436.00 $194,436.00 $185,661.00 $194,436.00 $2,312,757.00

Non Flight Income $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $3,000.00 $3,000.00 $3,000.00 $3,000.00 $3,000.00 $3,000.00 $27,000.00

Total $193,011.00 $195,936.00 $193,011.00 $195,936.00 $195,936.00 $193,011.00 $197,436.00 $194,511.00 $197,436.00 $197,436.00 $188,661.00 $197,436.00 $2,339,757.00

EXPENSES

VARIABLE

AC Cost / Hour $569.00 $569.00 $569.00 $569.00 $569.00 $569.00 $569.00 $569.00 $569.00 $569.00 $569.00 $569.00 $569.00

Total AC Hours 129 130.5 129 130.5 130.5 129 130.5 129 130.5 130.5 126 130.5 1555.5

Aircraft Cost $73,400.71 $74,254.21 $73,400.71 $74,254.21 $74,254.21 $73,400.71 $74,254.21 $73,400.71 $74,254.21 $74,254.21 $71,693.72 $74,254.21 $885,076.04

FIXED

Monthly Fixed Expenses $47,751.28 $47,751.28 $47,751.28 $47,751.28 $47,751.28 $47,751.28 $47,751.28 $47,751.28 $47,751.28 $47,751.28 $47,751.28 $47,751.28 $573,015.38

TOTAL EXPENSES $140,752.00 $141,605.49 $140,752.00 $141,605.49 $141,605.49 $140,752.00 $141,605.49 $140,752.00 $141,605.49 $141,605.49 $139,045.00 $141,605.49 $1,693,291.43

PROFIT (LOSS) $52,259.00 $54,330.51 $52,259.00 $54,330.51 $54,330.51 $52,259.00 $55,830.51 $53,759.00 $55,830.51 $55,830.51 $49,616.00 $55,830.51 $646,465.57

LIMA NY CORP.

dba Fly The Whale

Annual Projected Proft and Loss
LIMA NY CORP.

dba Fly The Whale

dba Tailwind

Fixed Expenses

FIXED EXPENSES WEEKLY MONTHLY ANNUALLY

COMMUNICATIONS $450.00 $5,400.00

ACCOUNTING $750.00 $9,000.00

LEGAL $500.00 $6,000.00

OFFICE $1,500.00 $18,000.00

TOTAL $3,200.00 $38,400.00

PERSONNEL

Reservation Agents 1 $500.00 $2,000.00 $24,000.00

Reservation Sytem $500.00 $2,000.00 $24,000.00

ADVERTISING $2,000.00 $24,000.00

TOTAL $6,000.00 $72,000.00

PERSONNEL

Director of Maintenance 1 $1,346.15 $5,384.62 $64,615.38

Mechanic 1 $750.00 $3,000.00 $36,000.00

TOTAL $8,384.62 $100,615.38

PERSONNEL

Director of Operations 1 $1,770.83 $7,083.33 $85,000.00

Pilots 3 $3,875.00 $15,500.00 $186,000.00

AIRCRAFT 3 $2,666.67 $32,000.00

INSURANCE $4,166.67 $50,000.00

DUES AND SUBSCRIPTIONS $750.00 $9,000.00

TOTAL $30,166.67 $362,000.00

GEN & ADMIN

SALES & MARKETING

MAINTENANCE

OPERATONS
LIMA NY CORP.

dba Fly The Whale

dba Tailwind

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

DAYS 30 31 30 31 31 30 31 30 31 31 28 31 365

SCHEDULED SERVICE

Round Trips 56 56 56 56 56 56 56 56 56 56 56 56 672

Block Time / Round Trip 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 18

Block Time / Month 84 84 84 84 84 84 84 84 84 84 84 84 1008

Load Factor 75% 75% 75% 75% 75% 75% 75% 75% 75% 75% 75% 75% 75%

Passengers 378 378 378 378 378 378 378 378 378 378 378 378 4536

Revenue $103,761.00 $103,761.00 $103,761.00 $103,761.00 $103,761.00 $103,761.00 $103,761.00 $103,761.00 $103,761.00 $103,761.00 $103,761.00 $103,761.00 $1,245,132.00

Cost per turn $350.00

Monthly cost/turn $19,600.00 $19,600.00 $19,600.00 $19,600.00 $19,600.00 $19,600.00 $19,600.00 $19,600.00 $19,600.00 $19,600.00 $19,600.00 $19,600.00 $235,200.00

Scheduled Service Income and Expense Data

East Hampton/Manhattan

6N7/HTO Landing Expenses
dba Tailwind

Reference Month 1 Month 2 Month 3

Aircraft Block Time 84 84 84

Cost of Aircraft per Hour $569.00 $569.00 $569.00

Total Aircraft Expense $47,795.81 $47,795.81 $47,795.81

Block Island Turn Expense $19,600.00 $19,600.00 $19,600.00

Allocation of fixed expenses

Total Fixed $47,751.28 $47,751.28 $47,751.28

Total Block Time 129 130.5 129

Scheduled Block Time 84 84 84

Percentage of Schedule 65% 64% 65%

Net fixed expenses $31,093.86 $30,736.46 $31,093.86

Total Expenses $98,489.67 $98,132.27 $98,489.67

Aggregate $98,489.67 $196,621.94 $295,111.61

LIMA NY CORP.

dba Fly The Whale

EXPENSES ALLOCATED TO SCHEDULED SERVICE (first three months)

Scheduled Service Income and Expense Data

Aircraft Cost per Block Hour

Scheduled Service Income & Expense Data

Annual Projected Profit and Loss

Annual Projected Profit and Loss

Scheduled Service Income & Expense Data

SCHEDULED OPERATIONS EXPENSES
dba Tailwind

TBO/HRS Block Hour

FUEL GAL/HR 60

COST/GAL $4.50 $270.00

OIL QUARTS/HR 0.25

COST/QT $14.00

Total $3.50

$400,000.00 3600 $111.11

PROP RESERVE $15,000.00 3600 $4.17

PARTS $100.00

$50.00

$15.00

MISC $15.22

TOTAL DIRECT $569.00

LIMA NY CORP.

dba Fly The Whale

Aircraft Cost per Block Hour (Cessna Caravan)

ENGINE RESERVE

MAINTENANCE RESERVE

AVIONCS RESERVE