BEFORE THE 

DEPARTMENT OF TRANSPORTATION 

OFFICE OF THE SECRETARY 

WASHINGTON, D.C. 

_____________________________________________ 

Application of: ) 

 ) 

Friendship Airways, Inc. ) 

For authority to Resume Scheduled ) Docket No. OST-05-21533- _______ 

Passenger Operations as a Commuter Air Carrier ) 

Pursuant to 49 U.S.C. §41738 ) 

 ) 

_____________________________________________ ) 

APPLICATION OF FRIENDSHIP AIRWAYS, INC.

Communications with respect to this document should be sent to: 

Christopher B. Behnam 

President & CEO 

Friendship Airways, Inc. d/b/a/ Yellow Air Taxi 

4201 Ravenswood Road 

Fort Lauderdale, FL 33312 

Telephone: (954) 321-0292 

Facsimile: (954) 321-0252 

Email: Christopher@flyyellowairtaxi.com
NOTICE: ANY PERSON WHO WISHES TO SUPPORT OR OPPOSE THIS APPLICATION 

SHOULD FILE BY APRIL 15, 2010 AN ANSWER WITH THE DEPARTMENT AND SERVE 

A COPY ON ALL PERSONS ON THE ATTACHED SERVICE LIST. 

APPLICANT REQUESTS THAT THIS APPLICATION BE PROCESSED BY THE NONHEARING PROCEDURES UNDER SUBPART B OF THE DEPARTMENT OF 

TRANSPORTATION’S RULES OF PRACTICE 

February 24, 2010 

 
APPLICATION OF FRIENDSHIP AIRWAYS, INC. 

BEFORE THE 

DEPARTMENT OF TRANSPORTATION 

OFFICE OF THE SECRETARY 

WASHINGTON, D.C. 

_____________________________________________ 

Application of: ) 

 ) 

Friendship Airways, Inc. ) 

For authority to Resume Scheduled ) Docket No. OST-05-21533- _______ 

Passenger Operations as a Commuter Air Carrier ) 

Pursuant to 49 U.S.C. §41738 ) 

 ) 

_____________________________________________ ) 

APPLICATION OF FRIENDSHIP AIRWAYS, INC.

Friendship Airways, Inc. d/b/a Yellow Air Taxi (hereinafter referred to as "Yellow Air 

Taxi" or "Applicant")1

 herby reapplies, pursuant to 40 U.S.C. §41738 of the Federal Aviation 

Statues, Subpart B of the Procedural Regulations and Section 204.3 of the Economic 

Regulations of the Department of Transportation (the “Department”) for issuance of commuter 

air authority to enable Yellow Air Taxi to engage in interstate and foreign scheduled air 

                                                           

1 Friendship Airways, Inc. intends to continue using the d/b/a/ of “Yellow Air Taxi” initiates commuter air carrier

operations and, pursuant to this application, and, to the extent necessary, hereby seeks to re‐register that trade

name pursuant to 14 C.F.R. §215.
transportation operations utilizing small aircraft under Part 298 of the Department’s Economic 

Regulations. 

Yellow Air Taxi is currently engaged in on-demand passenger operations utilizing small 

aircraft pursuant to its registration under Part 298 of the Department’s regulations and Part 135 

of the Federal Aviation Regulations, and it wishes to resume such scheduled operations as soon 

as possible. 

In support of this application, Yellow Air Taxi respectfully, states as follows: 

1. Yellow Air Taxi is n existing FAR 135 charter operator founded in 2003 that has 

successfully been providing on-demand service from points in Florida principally to 

points in the Bahamas, and the airline is registered with the Department pursuant to 

14 C.F.R. §298. See: Exhibit YAT-602. 

2. Name, address and telephone number (§204.3(a)): 

Friendship Airways, Inc., d/b/a/ Yellow Air Taxi 

4201 Ravenswood road 

Fort Lauderdale, FL 33312 

Telephone: (954) 321-0292 

Facsimile: (954) 321-0252 

3. Form of Organization (§204.3(b)): 

Yellow Air Taxi is a corporation. Copies of Yellow Air Taxi’s Articles of 

Incorporation and Bylaws are contained in Exhibit YAT-102. 

 
4. State where incorporated (§204.3(c)): 

Yellow Air Taxi is organized under the laws of the State of Florida. 

5. Certificate of Good Standing (§204.3(d)): 

A Certificate of Good Standing issued on March 31, 2010 by the Florida Secretary of 

State confirming that Yellow Air Taxi is in good standing and is authorized and 

competent to transact business in the State of Florida, is set forth in Exhibit YAT-102. 

6. Citizenship (§204.3(e)): 

Yellow Air Taxi is a citizen of the United States as defined in 49 U.S.C. 

§40102(a)(15). An Affidavit attesting to the U.S. citizenship of Yellow Air Taxi is 

contained in Exhibit YAT-103. 

7. Key Personnel (§204.3(f)): 

At the present time, the management team of Yellow Air Taxi consists of the 

following individuals: 

 Name Title Citizenship

 Christopher B. Behnam President, CEO & U.S. 

 Director of Operations 

 Elizabeth M.J. Behnam General Manager & U.S. 

 Company Secretary 

 Glenn Horton Director of Maintenance U.S. 

 D. Randy Conley Chief Pilot U.S. 

 
8. Persons having a substantial interest in Applicant (§204.3(g)): 

Mr. Christopher Behnam currently owns 100 percent of the issued and outstanding 

voting stock of Yellow Air Taxi. No other person or organization holds a “substantial 

interest” in Yellow Air Tax within the meaning of Section 204.2(m) of the Economic 

Regulation. 

9. Subsidiaries (§204.3(h)): 

Applicant was formed to operate as an FAR 135/ Part 298 on-demand air taxi and has 

no subsidiaries. Applicant’s sole shareholder, Christopher B. Behnam, is also the sole 

shareholder in Friendship Airways Leasing, Inc. (“Leasing”) which was formed to 

support Applicant in its Part 135 operations by providing aircraft leasing services. 

See: Exhibit YAT-206. 

10. Other Relationships (§204.3(i)): 

Except for its ownership of Friendship Airways Leasing, Inc., Yellow Air Taxi holds 

no shares of stock in, nor does it control any air carrier, foreign air carrier, common 

carrier, or person substantially engaged in the business of aeronautics. See: Exhibit 

YAT-207. 

11. Financial Statements (§204.3(j)): 

Yellow Air Taxi is a privately-owned corporation. For this reason, Yellow Air Taxi 

is not required to file Form 10-K Reports with the Securities and Exchange 

Commission. See: Exhibit YAT-301. Yellow Air Taxi’s current Balance Sheet as of 

April 1, 2010 is set forth in Exhibit YAT-302, infra. A Profit and Loss statement for 

Yellow Air Taxi for the 12-month period ended December 31, 2009 is set forth in 

Exhibit YAT-302. 
12. Pending actions and outstanding judgments (§204.3(l) & (m)): 

a. There are no pending actions or outstanding judgments involving an amount in excess 

of $5,000 against Yellow Air Taxi or any relevant corporations, or any person having 

a substantial interest in Yellow Air Taxi or any relevant corporations. See: Exhibit 

YAT- 303. 

b. The total number and aggregate amount of all pending actions or outstanding 

judgments of less the $5,000 against Yellow Air Taxi, any other relevant corporation, 

or any key personnel or persons holding substantial interest in such corporations is 

zero. 

13. Current aircraft fleet and acquisition plans (§204.3(n)): 

a. Current aircraft fleet 

Yellow Air Taxi currently operates four (4) Cessna 402C aircraft configured to 

carry nine (9) passengers and an additional Cessna 402B aircraft is in the process 

of being added to the fleet (Exhibit YAT-401). An affidavit verifying that the 

Cessna 402C aircraft currently operated by Yellow Air Taxi has been certified by 

the Federal Aviation Administration as airworthy and in compliance with all FAA 

safety and noise emission standards is contained in Exhibit YAT-403. 

b. Planned aircraft acquisitions 

At the present time, Yellow Air Taxi does not plan to acquire any additional 

aircraft to its existing air taxi operations or prior to commencing scheduled 

service operations. 

14. Pending investigations, Enforcement Actions, and Formal Complaints (§204.3(o)): 
There are no pending investigations, enforcement actions, or formal complaints filed 

by the DOT or FAA involving Yellow Air Taxi or any relevant corporation, any 

personnel employed by Yellow Air Taxi, or any relevant corporation or person 

having a substantial interest in any relevant corporation regarding compliance with 

the Act, orders, rules, regulations or requirements issued pursuant to the Act. See:

Exhibit YAT-501. 

15. Unfair Deceptive or Anticompetitive Practices; 

Antitrust, Fraud and Felony Charge (10 years) (§204.3(p)): 

Neither Yellow Air Taxi, any relevant corporation, any person employed by Yellow 

Air Taxi, any person having a substantial interest in Yellow Air Taxi, nor any 

relevant corporation has been charged with any unfair or deceptive or anticompetitive 

business practices, or of fraud, felony or antitrust violations during the past 10 years. 

See: Exhibit YAT-502. 

16. Aircraft Accidents and Incidents (§204.3(q)): 

Neither Yellow Air Taxi, any relevant corporation, any person employed by Yellow 

Air Taxi, any person having a substantial interest in Yellow Air Taxi nor any relevant 

corporation has been involved in any aircraft accident or incident that has occurred 

during the past year or at any time in the past which remains under investigation by 

the FAA, NTSB, or Yellow Air Taxi itself. See: Exhibit YAT-503. 

17. Narrative History of Applicant (§204.3(r): 

See: Exhibit YAT-601. 

 
18. Federal, State and Foreign Authority held, and FAA Jurisdiction (§204.3(s)): 

Yellow Air Taxi is registered with the Department as a Part 298 on-demand Air Taxi 

(see: Exhibit YAT-602). 

The Federal Aviation Administration office that has primary jurisdiction over Yellow 

Air Taxi’s operations is: 

 Flight Standards District Office #17 

 Federal Aviation Administration 

 2895 SW 145th Avenue 

 Suite #120 

 Miramar, FL 33027 

 Yellow Air Taxi’s FAA POI is Jerry Proenza: (954)635-1317. 

19. Proposed Service Plan and Forecasts (§204.3(t): 

Yellow Air Taxi has successfully operated as a Part 298 on-demand air taxi since 

2003. Due to the operational limitations of operating as an air taxi, Yellow Air Taxi 

has decided to return to commuter authority to give it maximum operational 

flexibility although the nature of Yellow Air Taxi’s operations will not actually 

change as far as geographical scope of operations, level of operations as far as hoursper-month flown, number of employees, etc. See: Exhibit YAT-601. 

20. Waiver of Warsaw Liability and Defenses (§204.3(u): 

A signed counterpart of CAB Agreement 18900 (OST Form 4523) executed by Mr. 

Christopher B. Behnam, President and Chief Executive Officer of Yellow Air Taxi, is 

set forth in Exhibit YAT-701. 

 
21. Officer’s Certification (§204.3(v): 

A certification in the form set forth in Section 204.3(v) of the Economic Regulations 

executed by M. Behnam, President and Chief Executive Officer of Yellow Air Taxi, 

is set forth in Exhibit YAT-702. 

CONCLUSION 

Yellow Air Taxi respectfully submits that the foregoing information and attached exhibits 

constitute a complete and detailed response to all of the evidentiary requirements of Section 

204.3 of the Economic Regulations, and fully demonstrated that Yellow Air Taxi is fit for 

authorization to engage in scheduled air transportation operations as proposed in this application. 

 WHEREFORE, Friendship Airways, Inc., d/b/a Yellow Air Taxi respectfully requests the 

Department to issue and Order authorizing it to provide scheduled interstate and foreign air 

transportation of persons, property, and mail, as a commuter air carrier, as described herein. 

Applicant further respectfully requests such authority be granted in time to enable Yellow Air 

Taxi to commence scheduled operations as soon as possible. 

 
February 24, 2010 Respectfully Submitted, 

 Christopher B. Behnam 

 Friendship Airways, Inc., d/b/a/ Yellow Air Taxi 

4201 Ravenswood road 

Fort Lauderdale, FL 33312 

Telephone: (954) 321-0292 

Facsimile: (954) 321-0252 

 
CERTIFICATE OF SERVICE 

 I hereby certify on the 12 day of April 2010 a copy of the foregoing application of 

Friendship Airways, Inc. was served by first class mail, postage prepaid, on the party named 

below: 

Mr. Jerry Proenza 

Flight Standards District Office #17 

Federal Aviation Administration 

2895 SW 145th Avenue 

Suite #120 

Miramar, FL 33027 

 
TABLE OF CONTENTS 

EXHIBIT DESCRIPTION 

A Cross Reference to DOT Regulations 

100 SERIES IDENTIFICATION OF APPLICANT 

YAT-101 Description of Applicant 

YAT-102 Certificate of Good Standing (FL) 

YAT-103 Affidavit of Citizenship of Applicant 

200 SERIES KEY PERSONNEL/ OFFICERS, DIRECTORS, MEMBERS 

YAT-201 List of Key Personnel and Resumes 

YAT-202 Organizational Chart & Description of Job Functions 

YAT-203 Affidavits of Citizenship of Key Personnel 

YAT-204 List of Officers and Directors of Applicant and List of Persons 

Holding a Substantial Interest in Applicant 

YAT-205 Key Personnel Questionnaires 

YAT-206 Applicant’s Subsidiaries 

YAT-207 Interests in Other Air Carriers/ Persons Engaged in Aeronautics 

300 SERIES FINANCIAL INFORMATION 

YAT-301 10K/ 10Q Reports 

YAT-302 Balance Sheet and Income Statement 

YAT-303 Outstanding Judgments Exceeding $5,000 

YAT-304 Outstanding Judgments Less than $5,000 

400 SERIES AIRCRAFT INFORMATION 

YAT-401 Description of Applicant’s Fleet 

YAT-402 Description of Plans for Additional Aircraft 

YAT-403 Affidavit of Safety Compliance 

500 SERIES ACCIDENTS, INVESTIGATIONS, ETC. 

YAT-501 Statement Regarding Status of All Pending Investigations, Etc. 

YAT-502 Statement Regarding Charges of Unfair Business Practices, Etc. 

YAT-503 Aircraft Incidents/ Accidents 

600 SERIES PROPOSED SERVICE 

YAT-601 Narrative History of Applicant 

YAT-602 Current Authority 
YAT-603 Description of Proposed New Service 

YAT-604 Pre-Operating Projections & Forecast Balance Sheet/ Income 

Statement 

YAT-605 Funding to Meet Financial Fitness Test 

700 SERIES MISCELLANEOUS 

YAT-701 Signed Counterpart of Agreement 18900 (OST Form 4523) 

YAT-702 Signed Certification 
APPLICATION OF YELLOW AIR TAXI Exhibit A 

 Page 1 of 1 

Cross Referenced Index to DOT Regulations

REGULATION SUMMARY EXHIBITS 

§204.3(a) Name, address, telephone/ fax numbers YAT-101 

§204.3(b) Form of organization YAT-101 

§204.3(c) State of Incorporation YAT-101 

§204.3(d) Certificate of Good Standing YAT-102 

§204.3(e) Affidavit of Citizenship YAT-103 

§204.3(f) Key Personnel, Citizenship, Responsibilities, 

Experience, Percentage of Ownership, 

Officers and Directors YAT-201 

§204.3(g) Persons having a substantial interest YAT-204 

§204.3(h) List of applicant’s subsidiaries YAT-206 

§204.3(i) Interest in other air carriers, persons engaged 

in business of aeronautics YAT-207 

§204.3(j) 10K/ 10Q Reports YAT-302 

§204.3(k) Balance Sheet and Income Statement YAT-303 

§204.3(l) List of all judgments exceeding $5,000 YAT-304 

§204.3(m) List of all judgments less than $5,000 YAT-305 

§204.3(n) Information regarding applicant’s fleet YAT-401-403 

§204.3(o) Status of pending investigations YAT-501 

§204.3(p) Description of Deceptive/ Unfair Business 

Practices YAT-502 

§204.3(q) Description of aircraft accidents/ incidents YAT-503 

§204.3(r) Narrative History of Applicant YAT-601 

§204.3(s) Federal, State, and Foreign Authority YAT-602 

§204.3(t) Service Proposal including forecast balance 

sheet and income statement YAT-603-605 

§204.3(u) Agreement 18900 (OST Form 4523) YAT-701 

§204.3(v) Certification/ Verification YAT-702 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-101 

 Page 1 of 1 

General Information

A. Friendship Airways, Inc., d/b/a/ Yellow Air Taxi (“Yellow Air Taxi”) is 

the Applicant in this docket. The address, telephone and fax numbers of 

its principal place of business are: 

Friendship Airways, Inc., d/b/a/ Yellow Air Taxi 

4201 Ravenswood Road 

 Fort Lauderdale, FL 33312 

 (954) 321-0292 (voice) 

 (954) 321-0252 (fax) 

B. Applicant is a corporation organized under the laws of the state of Florida. 

See: Exhibit YAT-102. 

C. Shareholder: Yellow Air Taxi’s sole shareholder is Christopher Behnam. 

D. Yellow Air Taxi is a citizen of the United States as defined by 49 U.S.C. 

§40102(a)(15). An affidavit evidencing this ownership is attached hereto 

as Exhibit YAT-103. There are no officers, directors, members, or 

persons who have the power to control the applicants who are not citizens 

of the United States. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-102 

 Page 1 of 4 

Certificate of Good Standing

Attached please find a Certificate of Good Standing issues to Yellow Air Taxi from the 

State of Florida and the company’s Articles of Incorporation. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-102 

 Page 2 of 4 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-102 

 Page 3 of 4 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-102 

 Page 4 of 4 

APPLICATION OF YELLOW AIR TAXI Exhibit YAT-201 

 Page 1 of 9 

Key Personnel

Applicant identifies the following individuals who it deems to be key management 

personnel for the purpose of its proposed operations: 

 

NAME TITLE ADDRESS CITIZENSHIP OWENERSHIP 

Christopher B. Behnam1 President, CEO & 4201 Ravenswood Road U.S. 100% 

 Director of Operations Fort Lauderdale, FL 33312 

Elizabeth M.J. Behnam1 General Manager & 4201 Ravenswood Road U.S. none 

 Company Secretary Fort Lauderdale, FL 33312 

D. Randy Conley Chief Pilot 4201 Ravenswood Road U.S. none 

 Fort Lauderdale, FL 33312 

Glenn Horton Director of Maintenance 4201 Ravenswood Road U.S. none 

 Fort Lauderdale, FL 33312 

An organizational chart showing positions and operating divisions within the 

organization that depicts which positions and functions reports to whom is included at 

Exhibit YAT-202. Resumes and affidavits of citizenship for these key management 

personnel are attached at Exhibit YAT-202. None of these key management personnel 

has any stock, control or other interest in any other carrier, foreign air carrier, common 

carrier or any person substantially engaged in the business of aeronautics. Except as 

stated, none of these key management personnel is related by blood or marriage. 

 

1

 Christopher and Beth Behnam are married. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-201 

 Page 2 of 9 

Christopher Behnam 

President and CEO 

Experience: 

United Airlines 

Line Check Airman, 1999-Present. FAA approved liaison between UAL Management 

and Pilots. Responsible for instructing, mentoring and testing new captains as well as copilots on the actual daily procedures of domestic and international (South American and 

Atlantic operations) passenger flights. Emphasis on problem solving, public relations, 

emergency procedures, and leadership through teamwork. 

Captain, 1995-Present. Responsible for ensuring the safety of crew and passengers, 

through coordination of efforts of ground, in-flight, headquarters, and air traffic 

personnel. Emphasis on crew management about multiple levels for a successful 

completion of all daily missions. 

Flight Officer, 1987-1995. Advanced from entry level position to Pilot in command of 

B747-400 for transcontinental domestic transpacific flights to Asia and Australia. 

Responsible for systems and fuel management, communications, international public 

relations, and crew resource management. 

West Air Airlines (United Express – California) 

Captain/Line Check Airman, 1983-1987. Assisted with the development of route 

structure and aircraft fleet planning of start-up California regional airline. Analyzed route 

structure and made recommendations for new routes and new stations. Advised on shorts 

360 program. Airline grew from seven 402Cs and two Twin Otters to thirty-six Turbo 

Props and six Jets within three years. Responsible for instructing and evaluating new 

captains as well as co-pilots on daily procedures. 

Aviation Training INC/Sierra Academy of Aeronautics 

Flight Instructor, 1979-1983. Instructed flight students on theoretical and practical 

applications of aviation. Emphasis on communication skills, mentoring, task analysis, and 

career preparation. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-201 

 Page 3 of 9 

The Behnam Group 

President, 1999-Present. Purchased and renovated residential investment properties in Lighthouse 

Point, Florida. Mentored other investors in market insights, renovation processes, and property 

management. 

Education: 

Sierra Academy of Aeronautics, 1982, Airman Certificates 

Private Pilot through Airline Transport Pilot Licenses. Emphasis on major airline operations and 

management 

 

Newbury College of further Educations, 1979, Bachelor of Science 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-201 

 Page 4 of 9 

Elizabeth Behnam 

General Manager 

Experience: 

Yellow Air Taxi 

General Manager, 2003-Present. Created and implanted customer service standards and 

procedures for start-up international charter airline. Reduced flight turnaround time by 50%. 

Responsible for hiring and training of reservations and customer service staff. Manage staff of 25 

employees, resource management and flight coordination. Created fare pricing structure in 

coordination with market and flight analysis. Monitor sales reports, create sales guidelines and 

incentives. Wrote informational web pages, introducing passengers to company policy and 

history. Proofread all outbound company correspondence and Yellow Air Taxi marketing 

materials. 

Nordstrom 

Sales Associate, 1990-1991. Successful in a highly competitive retail environment. Consistently 

exceeded sales goal. Created monthly employee schedule and designed merchandise displays as 

well. 

Rosicrucian Egyptian Museum 

Assistant Curator/Consultant/Historian, 1984-1990. Assisted the curatorial staff in transferring 

the archives and artifacts to new storage facilities. Suggested artifact placement alternatives in the 

new system. Assisted curator with the care of artifacts, display design, special events, supervision 

of museum staff and correspondence. Wrote Articles on museum artifacts. Organized and 

maintained museum collection documentation; computerized inventory registration. Reduced 

number of artifacts with unknown sources from 40% to 7% 

West Air/United Express Airlines 

Customer Service Coordinator/Customer Service Rep, 1985-1988 . Coordinated information 

between dispatch, maintenance, and station operations for a commuter airline with 400 daily 

flights. Proposed solutions for customer service challenges. Processed and boarded passengers in 

high-volume commuter flight schedule with 8-, 19-, and 36- passenger aircraft. 

Education: 

University of California, 1986, M.A. 

Colgate University, 1985, B.A. with honors 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-201 

 Page 5 of 9 

D. Randy Conley 

Chief Pilot 

Experience: 

Yellow Air Taxi 

Captain, April 2009-Present. Ground and Flight Instructor, September 2009-present. Perform all C-402C 

Pilot-in-Command responsibilities for an FAR 135 on-demand airline. Ensure that flight operates in 

conformity with the FARs and is consistent with company policies. Provide new hire and recurrent training 

compliant with FAA approved company procedures and flight operations. 

Avantair 727-539-0071 Tom Christiano (Chief Pilot)

Captain, April 2005-May 2006. Performed all Piaggio P180 Pilot-in-Command responsibilities for an FAR 

135 on-demand charter airline. Ensured that flight operated in conformity with the FARs and was 

consistent with company policies. Charter routes included uncontrolled airports and major international 

airports throughout the United States, Canada, Mexico, and the Caribbean. 

Mountain Air Cargo 828-464-8741 Paul Simpson (Chief Pilot) 

Captain, April 2000-December 2004. Performed all F27 Pilot-in-Command responsibilities of an FAR 121 

scheduled all cargo airline. Ensured that flight operated in conformity with the FARs and was consistent 

with company policies. Flew South American proving runs in accordance with company procedures. 

Routes included domestic, Caribbean, and South American airports. 

Bank One 

Corporate Captain, 1998-2000. Performed all Be350 Pilot-in-Command duties for an FAR Part 91 

corporate service. Ensured that flight operated in conformity with the FARs and was consistent with 

company policies for corporate executives. 

Hunt Corporation 

Corporate Captain, 1998-2000. Performed all LR25 Pilot-in-Command duties for an FAR Part 91 

corporate service. Ensured that flight operated in conformity with the FARs and was consistent with 

company policies for corporate executives. 

American Eagle 

First Officer, 1994-95. Performed all Saab 240 First Officer responsibilities of an FAR 121 scheduled 

airline. Ensured that flights operated in conformity with the FARs and was consistent with company 

policies. Routes included domestic flying out of various US bases, and included domestic and Bahamian 

flights. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-201 

 Page 6 of 9 

Education: 

Spartan School of Aeronautics, 1985. Associate Degree in Avionics/ Instrumentation 

Technician. Deans List, Hoosier Scholar.

Additional Experience in Avionics/ Instrumentation Technician Repair Station Management. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-201 

 Page 7 of 9 

Glenn A. Horton 

Director of Maintenance 

Education: Associate Degree in Aviation Maintenance Management, Broward Community 

College 

 

 Familiarization Courses for: 

• B727, B737-200, 737-300, 737-800, 757-200, 757-300, 767-200, 767-300, 

L1011-100 (250), L1011-500, DC-9, MD-82 (88) and some experience on 

A-320 

• Run / Taxi checked and check ride instructor on all aircraft above excluding 

Airbus 

• RII Complete aircraft 727, 737-800, 757-200, 757-300, L1011 (Inspection 

Authority) 

• RVSM for aircraft listed above 

Experience: 

Yellow Air Taxi 

Director of Maintenance, 2008-Present. Perform all DOM responsibilities of an FAR 135 

scheduled service airline which include but are not restricted to writing the Approved Aircraft 

Inspection Program (AAIP), Write and update other company manuals such as the GOM and the 

MEL. Perform all staffing responsibilities and all inquiries with the FAA PMI and PAI. 

Volvo Penta of the Americas 

Senior Service Specialist, South East United States, 2006-08. Provide technical assistance on 

marine gas and diesel engines. Also provide classroom training at technical schools and trade 

colleges. 

Vermeer Southeast Sales & Service 

Service Manager, Clearwater, Florida, 2005-06. Managed technicians in shop and road service 

call environment. Met with customers to discuss problems they are having and what to do to 

ensure good preventive maintenance. Perform customer invoicing and call backs to ensure 

quality service 

ATA Airlines 

Manager Aircraft Maintenance, South Florida / Caribbean, 1999-2005. Managed Line 

Maintenance station staff and budgets in Ft. Lauderdale, FL, San Juan, PR, Honolulu, Maui, and 

Kauai, HI. Responsible for aircraft in FLL, Miami, Ft. Meyers in South Florida and San Juan, St. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-201 

 Page 8 of 9 

Thomas, Grand Cayman, and Aruba in the Caribbean. Managed up to $1 Million budget at each 

station, and performed all hiring of personnel at each station. Initiated Emergency On Call 

maintenance (EOM) contracts in SJU for Continental, Jet Blue, United, Pan AM and Delta. This 

accounted for approximately $150,000 income annually. 

Technical Representative, 1995-9. Traveled with or ahead of company aircraft to set contract 

maintenance around the world for Charter and Military flights 

Delta Airlines

Line Maintenance Mechanic and Lead Mechanic, 1987-95. Managed Line Maintenance station 

staff and budgets in Ft. Lauderdale, FL, San Juan, PR, Honolulu, Maui, and Kauai, HI. 

Performed all aspects of Line Maintenance on all company aircraft. While working as an Acting 

Lead Mechanic assigned, supervised and inspected line mechanics work and performance. 

Instructed and performed check rides for maintenance personnel on several different aircraft. 

Performed Avionics work including CAT II and CAT III autoland maintenance 

United States Army 

Attack Helicopter Repairman (AH-1S Cobra Crew Chief), 1984-87. Performed all daily crew 

chief tasks on helicopter including time-controlled checks, replacement of engines, rotor blades 

and all other major components. Received numerous awards and certifications for having 

helicopter 100% ready mission capable during exercises. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-201 

 Page 9 of 9 

Alan N. Razla 

Financial Advisor 

Experience: 

Alan N. Razla, PA 

 CPA, 1992-Present. Private practice servicing companies from such industries as real estate, 

manufacturing, retail, service companies, transportation companies, and non-profit organizations. 

Services include tax preparation, tax consultation, accounting, and bookkeeping. Provide clients 

support with capital funding and financing options. 

Kemper Insurance 

Agent, 1991-1998. Managed the tax department of five companies operating in 50 states with 

sales over $2 billion. 

Arthur Anderson & Company 

CPA 1988-1991. Servicing companies in various industries. Provided tax preparation and tax 

consultation services. 

Education: 

Pace University, 1988. Bachelor of business Administration 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-202 

 Page 1 of 5 

Organizational Chart

 An organization chart showing positions within the organization and which 

positions and functions report to who is included in this Exhibit YAT-202. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-202 

 Page 2 of 5 

President, 

Christopher 

Behnam 

Financial 

Advisor, 

Alan Razla 

Director of 

Operations,

Christopher 

Behnam 

General 

Manager, 

Elizabeth 

Behnam 

Chief Pilot, 

D. Randy 

Conley 

Director of 

Maintenance

, 

Glenn 

Horton 

Station 

Managers 

Instructor 

Pilots 

Line Pilots 

Line 

Mechanics 

Maintenance 

Coordinator

Reservations Personnel 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-202 

 Page 3 of 5 

A. President and Chief Executive Officer 

The President and CEO provides the vision of the company. He may assist and will 

approve new company policy and select key personnel. He will review financial and 

other management reports submitted to him, by the CFO and General Manager, and 

take whatever action may be deemed appropriate, or direct the CFO and General 

Manager to act in his behalf on the basis of such information. 

B. General Manager 

The General Manager reports to the President and is responsible for the day to day 

management of the company and the coordination of all departments. She is 

responsible for ensuring that all personnel and departments are performing as 

expected, and for reviewing operations and progress on a regular basis to implement 

improvements. 

C. Director of Operations 

The Director of Operations has complete authority and responsibility for the safe 

conduct and compliance to the FAA regulations of all flight personnel and for flight 

operations which shall include: 

1. Monitor all flights and operations in accordance with current FARs 

and Friendship Airways, Inc. operations manual requirements. 

2. Interpret and apply company policy and procedures. 

3. Certify and maintain, as required, all flight department personnel 

training and qualification records; schedule additional training when 

required. 

4. Develop new and improved flight operation policies, practices and 

procedures. 

5. Close coordination with the Director of Maintenance to ensure that 

aircraft deficiencies are expeditiously reported to maintenance and 

recorded properly on the aircraft log sheets. 

6. Supervise the training and development of assigned flight department 

personnel, to the degree that they meet FAA and company standards of 

competency. 

7. Work in coordination with the Chief Pilot, the procurement of Flight 

department personnel and make recommendations on the final decision 

on new hires. 

8. Working and coordinating with FAA representatives, concerning the 

requirements for flight operations, promoting a high degree of aviation 

safety. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-202 

 Page 4 of 5 

D. Director of Maintenance 

The Director of Maintenance has full authority and responsibility for seeing that the 

company-operated aircraft maintenance support program is maintaining the aircraft in 

an airworthy condition at all times, to include: 

 

1. Assurance that each aircraft is airworthy before being released to 

service. 

2. Coordination with other functions of the department for scheduling of 

aircraft for required maintenance. 

3. Assurance that competent, qualified personnel and adequate facilities 

are utilized for all maintenance on Company Aircraft. 

4. Acceptance or rejection of all work done on Company Aircraft. 

5. Assuring currency and correctness of all required aircraft, engine, 

propeller, accessory and component part logs and records. 

6. Compliance with all current FARs as regards maintenance, 

airworthiness directives, service bulletins, service instructions, etc. 

7. Liaison between the Company and the FAA regarding all maintenance 

actions and requirements. 

8. Monitor the re-weigh, transponder, and static check date due from the 

basic aircraft records. 

9. Coordinate closely with the Chief Pilot and Director of Operations the 

condition of all aircraft operating with open deferred items, monitor 

very closely the limitations section. 

10. Monitor the aircraft technical library and training manuals. 

11. File all Mechanical Reliability Reports and Mechanical Interruption 

Reports with the FAA. 

E. Chief Pilot 

The Chief Pilot has the authority and responsibility for crew assignments, and 

operational control as follows: 

1. Assist in maintaining the training program for Flight Department 

personnel that complies with FAA regulations and Manual 

Requirements. 

2. In coordination with the Director of Operations, establish criteria for 

the procurement and evaluation of pilot personnel. 

3. Direct to the pilots, manual revisions which are regulatory and 

Company policies and procedures which are non-regulatory. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-202 

 Page 5 of 5 

4. Dispatch and monitor aircraft/ crew assignments in coordination with 

ramp supervision. 

5. Friendship Airways, Inc. shall maintain current VFR/IFR navigation 

chart revisions in a current status. 

6. Interpret and apply Company policy and manual procedures regarding 

flight operations and flight personnel. 

7. Control and supervise pilot assignments and schedules. 

8. Monitor, on a daily basis, duty time status of all pilots. 

9. Maintain Load Manifest current and for the previous 30 days of 

activity. 

10. Ensure that pilots are adhering to the flight case requirements. 

11. Schedule flight activities to operate within duty time requirements, and 

comply with FAR and Manual Requirements. 

12. Ascertain, in coordination with an appointed Company representative, 

that pilots are adhering to the regulatory manual operations 

requirements. 


APPLICATION OF YELLOW AIR TAXI Exhibit YAT-203 

 Page 3 of 5 

APPLICATION OF YELLOW AIR TAXI Exhibit YAT-203 

 Page 5 of 5 

PAGE INTENTIONALLY LEFT BLANK
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-204 

 Page 1 of 1 

I. Shareholder Interest 

Yellow Air Taxi has one shareholder, Christopher B. Behnam, who holds 100% of 

the stock. 

II. Officers & Directors 

 The Directors of Yellow Air Taxi are: 

Name Address Citizenship 

Christopher B. Behnam 4201 Ravenswood Road U.S. 

 Fort Lauderdale, FL 33312 

Elizabeth Behnam 4201 Ravenswood Road U.S. 

 Fort Lauderdale, FL 33312 

 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-205 

 Page 1 of 12 

Yellow Air Taxi 

DOT application Questionnaire

NB: The information you provide in response to this Questionnaire will be used in 

Yellow Air Taxi’s DOT Application for Certificate Authority. All questions should be 

answered fully and completely. Where more detailed responses are required or 

requested, please use the attached “Detailed Responses” sheet. 

1. Please state your name and residence address: 

Christopher B. Behnam 

4201 Ravenswood Road 

Fort Lauderdale, FL 33312 

2. Title of Position with Company: 

President, CEO & Director of Operations 

3. Number of shares of Company stock owned, or to be acquired, if any: 

100 % 

4. Current Position, Business Address, and Telephone: 

(Complete only if you are not currently employed by the Company. Otherwise 

indicate “N/A.”) 

N/A 

5. Are you a citizen of the United States? 

Yes ____X___ No ______ 

(If you are not a U.S. Citizen, please indicate nationality and current immigration 

status on the attached “Detailed Responses.”) 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-205 

 Page 2 of 12 

6. Are you currently an officer, director or major shareholder (5 percent or more of the 

total stock), or do you have any other significant interest in any other air carrier, 

foreign air carrier, common carrier, person substantially engaged in the business of 

aeronautics, or person whose principle business is the ownership or control of any 

such transportation or aeronautic activity? 

Yes _______ No__X_____ 

(If “yes,” please provide information regarding all such positions and any other 

relevant information on the attached “Detailed Response.”) 

7. Have you in the past held any position with any U.S. or foreign air carrier, or other 

aviation-related business? 

Yes___X____ No_______ (See: Resume) 

8. Are you, or any other company in which you have a substantial interest (defined 

below), the subject of any pending legal action, or outstanding judgment, involving a 

claim in excess of $5,000? 

Yes_______ No__X_____ 

(If “yes,” please provide date and amount of each claim or judgment, and the name of 

each claimant or judgment creditor on the attached “Detailed Response.”) 

9. Are you or any company in which you have substantial interest the subject of any 

pending legal action, or outstanding judgment involving a claim of less than $5,000? 

Yes_______ No___X____ 

(If “yes,” please supply the total number and aggregate amount of all claims and/or 

judgments outstanding against you on the attached “Detailed Response.”) 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-205 

 Page 3 of 12 

10. Are you, or any company in which you have a substantial interest now, or have you 

been the subject of a formal complaint or enforcement investigation by the DOT or 

the FAA regarding compliance with the Federal Aviation Act of 1958, or any order, 

rule, regulation or other requirement issued pursuant to the Act during the past five 

(5) years? 

Yes_______ No___X____ 

(If “yes,” describe each complaint, and indicate the current status or final disposition 

of each complaint on the attached “Detailed Responses.”) 

11. Have you, or any company in which you have a substantial interest ever been charged 

with any unfair or deceptive, anticompetitive business practices, or any fraud, felony, 

or antitrust violation during the past ten (10) years? 

Yes_______ No__X_____ 

12. Have you, or any company in which you have a substantial interest been involved in 

any aircraft accident or incident during the past year, or in the past and which remains 

the subject of an open investigation by the FAA, NTSB or the Company? 

Yes_______ No___X____ 

 _ 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-205 

 Page 4 of 12 

Yellow Air Taxi 

DOT application Questionnaire

NB: The information you provide in response to this Questionnaire will be used in 

Yellow Air Taxi’s DOT Application for Certificate Authority. All questions should be 

answered fully and completely. Where more detailed responses are required or 

requested, please use the attached “Detailed Responses” sheet. 

1. Please state your name and residence address: 

Elizabeth Behnam 

4201 Ravenswood Road 

Fort Lauderdale, FL 33312 

2. Title of Position with Company: 

Secretary 

3. Number of shares of Company stock owned, or to be acquired, if any: 

0 % 

4. Current Position, Business Address, and Telephone: 

(Complete only if you are not currently employed by the Company. Otherwise 

indicate “N/A.”) 

N/A 

5. Are you a citizen of the United States? 

Yes ____X___ No ______ 

(If you are not a U.S. Citizen, please indicate nationality and current immigration 

status on the attached “Detailed Responses.”) 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-205 

 Page 5 of 12 

6. Are you currently an officer, director or major shareholder (5 percent or more of the 

total stock), or do you have any other significant interest in any other air carrier, 

foreign air carrier, common carrier, person substantially engaged in the business of 

aeronautics, or person whose principle business is the ownership or control of any 

such transportation or aeronautic activity? 

Yes _______ No__X_____ 

(If “yes,” please provide information regarding all such positions and any other 

relevant information on the attached “Detailed Response.”) 

7. Have you in the past held any position with any U.S. or foreign air carrier, or other 

aviation-related business? 

Yes___X____ No_______ (See: Resume) 

8. Are you, or any other company in which you have a substantial interest (defined 

below), the subject of any pending legal action, or outstanding judgment, involving a 

claim in excess of $5,000? 

Yes_______ No__X_____ 

(If “yes,” please provide date and amount of each claim or judgment, and the name of 

each claimant or judgment creditor on the attached “Detailed Response.”) 

9. Are you or any company in which you have substantial interest the subject of any 

pending legal action, or outstanding judgment involving a claim of less than $5,000? 

Yes_______ No___X____ 

(If “yes,” please supply the total number and aggregate amount of all claims and/or 

judgments outstanding against you on the attached “Detailed Response.”) 

APPLICATION OF YELLOW AIR TAXI Exhibit YAT-205 

 Page 7 of 12

Yellow Air Taxi 

DOT application Questionnaire

NB: The information you provide in response to this Questionnaire will be used in 

Yellow Air Taxi’s DOT Application for Certificate Authority. All questions should be 

answered fully and completely. Where more detailed responses are required or 

requested, please use the attached “Detailed Responses” sheet. 

1. Please state your name and residence address: 

Glenn Horton 

4201 Ravenswood Road 

Fort Lauderdale, FL 33312 

2. Title of Position with Company: 

Director of Maintenance 

3. Number of shares of Company stock owned, or to be acquired, if any: 

0 % 

4. Current Position, Business Address, and Telephone: 

(Complete only if you are not currently employed by the Company. Otherwise 

indicate “N/A.”) 

N/A 

5. Are you a citizen of the United States? 

Yes ___X____ No ______ 

(If you are not a U.S. Citizen, please indicate nationality and current immigration 

status on the attached “Detailed Responses.”) 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-205 

 Page 8 of 12 

6. Are you currently an officer, director or major shareholder (5 percent or more of the 

total stock), or do you have any other significant interest in any other air carrier, 

foreign air carrier, common carrier, person substantially engaged in the business of 

aeronautics, or person whose principle business is the ownership or control of any 

such transportation or aeronautic activity? 

Yes _______ No___X____ 

(If “yes,” please provide information regarding all such positions and any other 

relevant information on the attached “Detailed Response.”) 

7. Have you in the past held any position with any U.S. or foreign air carrier, or other 

aviation-related business? 

Yes__X_____ No_______ (See: Resume) 

8. Are you, or any other company in which you have a substantial interest (defined 

below), the subject of any pending legal action, or outstanding judgment, involving a 

claim in excess of $5,000? 

Yes_______ No___X____ 

(If “yes,” please provide date and amount of each claim or judgment, and the name of 

each claimant or judgment creditor on the attached “Detailed Response.”) 

9. Are you or any company in which you have substantial interest the subject of any 

pending legal action, or outstanding judgment involving a claim of less than $5,000? 

Yes_______ No___X____ 

(If “yes,” please supply the total number and aggregate amount of all claims and/or 

judgments outstanding against you on the attached “Detailed Response.”) 
 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-205 

 Page 10 of 12 

Yellow Air Taxi 

DOT application Questionnaire

NB: The information you provide in response to this Questionnaire will be used in 

Yellow Air Taxi’s DOT Application for Certificate Authority. All questions should be 

answered fully and completely. Where more detailed responses are required or 

requested, please use the attached “Detailed Responses” sheet. 

1. Please state your name and residence address: 

D. Randy Conley 

4201 Ravenswood Road 

Fort Lauderdale, FL 33312 

2. Title of Position with Company: 

Chief Pilot 

3. Number of shares of Company stock owned, or to be acquired, if any: 

0 % 

4. Current Position, Business Address, and Telephone: 

(Complete only if you are not currently employed by the Company. Otherwise 

indicate “N/A.”) 

N/A 

5. Are you a citizen of the United States? 

Yes ___X____ No ______ 

(If you are not a U.S. Citizen, please indicate nationality and current immigration 

status on the attached “Detailed Responses.”) 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-205 

 Page 11 of 12 

6. Are you currently an officer, director or major shareholder (5 percent or more of the 

total stock), or do you have any other significant interest in any other air carrier, 

foreign air carrier, common carrier, person substantially engaged in the business of 

aeronautics, or person whose principle business is the ownership or control of any 

such transportation or aeronautic activity? 

Yes _______ No___X____ 

(If “yes,” please provide information regarding all such positions and any other 

relevant information on the attached “Detailed Response.”) 

7. Have you in the past held any position with any U.S. or foreign air carrier, or other 

aviation-related business? 

Yes__X_____ No_______ (See: Resume) 

8. Are you, or any other company in which you have a substantial interest (defined 

below), the subject of any pending legal action, or outstanding judgment, involving a 

claim in excess of $5,000? 

Yes_______ No__X_____ 

(If “yes,” please provide date and amount of each claim or judgment, and the name of 

each claimant or judgment creditor on the attached “Detailed Response.”) 

9. Are you or any company in which you have substantial interest the subject of any 

pending legal action, or outstanding judgment involving a claim of less than $5,000? 

Yes_______ No___X____ 

(If “yes,” please supply the total number and aggregate amount of all claims and/or 

judgments outstanding against you on the attached “Detailed Response.”) 

 

APPLICATION OF YELLOW AIR TAXI Exhibit YAT-206 

 Page 1 of 1 

Description of Subsidiaries

Friendship Airways, Inc. was formed as a corporation with the intent to start, grow, 

and market an FAA approved Part 135 airline known as Yellow Air Taxi. Yellow Air 

Taxi is a corporation wholly owned by Christopher B. Behnam. All shares reside with 

Christopher B. Behnam 

Christopher B. Behnam also owns Friendship Airways Leasing, Inc. (“Leasing”). 

This company was created to support Yellow Air Taxi. 

Leasing’s sole function is an aircraft leasing company and it procures aircraft and 

makes them available to Yellow Air Taxi. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-207 

 Page 1 of 1 

Interest in Other Carriers

Except as stated herein, Yellow Air Taxi has no stock, control, or other interest in any 

other foreign air carrier, common carrier, or any person substantially engaged in the 

business of aeronautics. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-301 

 Page 1 of 1 

10K/ 10Q Reports

Since it is a privately-held corporation, Friendship Airways, Inc. (including its 

subsidiaries) is not required to file 10K Annual Reports or 10Q Quarterly reports with the 

Securities and Exchange Commission. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-302 

 Page 1 of 6 

Balance Sheet, Income Statement, and Other Financial Information
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-302 

 Page 2 of 6 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-302 

 Page 3 of 6 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-302 

 Page 4 of 6 
Yellow Air Taxi 

Profit & Loss 

January through March 2010 

Jan - Mar 10 

Ordinary Income/Expense 

Income 

Sales 388,779.63 

Total Income 388,779.63 

Cost of Goods Sold 

Aircraft 

Hangar Rental 18,306.64 

Insurance 22,058.80 

Lease 14,562.42 

Maintenance 

Labor 26,563.41 

Parts 17,865.40 

Total Maintenance 44,428.81 

Total Aircraft 99,356.67 

Bahamian Labour 4,183.00 

Operational Fees 

Excise Taxes 6,051.92 

FLL Fees 15,975.29 

Total Operational Fees 22,027.21 

Reaccomodate 583.70 

Variable Costs 

Fuel 22,560.17 

Total Variable Costs 22,560.17 

Total COGS 148,710.75 

Gross Profit 240,068.88 

Expense 

Contractors 15,765.47 

Fuel Truck Repairs 500.00 

Leased Employee 16,878.89 

Marketing 1,092.00 

Overhead Expenses 

Advertising 

Advertising Production Costs 2,699.97 

Advertising - Other 4,663.83 

Total Advertising 7,363.80 

Automobile Expense 1,580.90 

Badges 124.00 

Bank charges 499.01 

Computer 264.99 

Credit Card Processing -10,478.55 

Licenses and Permits 239.40 

mileage 295.00 

Office Expenses 2,354.09 

APPLICATION OF YELLOW AIR TAXI Exhibit YAT-302 

 Page 5 of 6 
Jan - Mar 10 

Office Supplies 1,544.62 

Postage and Delivery 307.65 

Telephone 9,796.04 

Utilities 

Electric 243.21 

Internet 150.32 

Water 88.24 

Utilities - Other 1,070.55 

Total Utilities 1,552.32 

Total Overhead Expenses 15,443.27 

Owner's Draw 9,300.68 

Pilot Expenses 

Pilot - Hourly 28,754.28 

Total Pilot Expenses 28,754.28 

Professional Fees 

Consulting Fees 10,500.00 

Legal Fees 11,810.18 

Total Professional Fees 22,310.18 

Rent 

Bahamas Counters 6,500.00 

Main Office 8,446.54 

Total Rent 14,946.54 

Subscription 1,470.98 

Travel & Ent 

Meals 200.00 

Travel 1,209.79 

Total Travel & Ent 1,409.79 

Total Expense 127,872.08 

Net Ordinary Income 112,196.80 

Net Income 112,196.80 

APPLICATION OF YELLOW AIR TAXI Exhibit YAT-302 

 Page 6 of 6 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-303 

 Page 1 of 1 

Actions and Outstanding Judgments for More Than $5,000

There are no pending actions or judgments for more than $5,000 against Yellow Air Taxi, 

any relevant corporation and, except as otherwise stated in their questionnaire responses 

(see: Exhibit YAT-205) against any key personnel employed (or to be employed) by 

Yellow Air Taxi, or any person having a substantial interest in Yellow Air Taxi. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-304 

 Page 1 of 1 

Actions and Outstanding Judgments for Less Than $5,000

There are no pending actions or judgments for more than $5,000 against Yellow Air Taxi, 

any relevant corporation and, except as otherwise stated in their questionnaire responses 

(see: Exhibit YAT-205) against any key personnel employed (or to be employed) by 

Yellow Air Taxi, or any person having a substantial interest in Yellow Air Taxi. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-401 

 Page 1 of 1 

Description of Applicant’s Fleet

Friendship Airways, Inc. currently operates four (4) Cessna 402C aircraft. All aircraft 

would be utilized for air taxi service. In conformance with the Supplemental Inspection 

Program, currently one aircraft is approved for scheduled service. An additional aircraft 

is completing the SIP inspection to be approved for scheduled service. All aircraft have a 

9-seat passenger configuration. 

FAA Number Aircraft Serial Number Owned/ Leased 

N521FA 402-C0465 Leased 

N526FA 402-C0517 Leased 

N522FA 402-C0338 Leased 

N523FA 402-C0621 Leased 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-402 

 Page 1 of 1 

Description of Plans for Additional Aircraft

At the present time, Yellow Air Taxi does not plan to acquire any additional aircraft to its 

existing air taxi operations or prior to commencing scheduled service operations. 

APPLICATION OF YELLOW AIR TAXI Exhibit YAT-501 

 Page 1 of 1 

Statement Regarding Status of All Pending Investigations, etc.

Friendship Airways, Inc. has no pending investigations, enforcement actions, or formal 

complaints filed by the Department, including the FAA, against it, including any relevant 

corporation or any personnel employed. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-502 

 Page 1 of 1 

Statement Regarding Status of All Pending Investigations, etc.

There have been no charges of unfair or deceptive or anticompetitive business practices, 

or of fraud, felony or antitrust violation, brought against Yellow Air Taxi or any relevant 

corporation or person having a substantial interest in Yellow Air Taxi or any relevant 

corporation, or member of the key personnel employed (or to be employed) by Yellow Air 

Taxi or any relevant corporation since its compliance with Consent Order 2005-20077. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-503 

 Page 1 of 1 

Aircraft Accidents/ Incidents

Friendship Airways, Inc has no pending investigations, enforcement actions, or formal 

complaints filed by the Department, including the FAA, against it, including any relevant 

corporation or any personnel employed regarding any aircraft accidents or incidents. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-601 

 Page 1 of 2 

Narrative History

 Upon graduating college with a Bachelor of Science degree from Newbury College of 

Further Education, Newbury, England in 1979 Christopher B. Behnam pursued his lifelong 

dream of becoming an aviator. Mr. Behnam received his airman’s certificate in 1979 and 

joined West Air Airlines in 1983. West Air, as a United Airlines Express carrier, gave Mr. 

Behnam the springboard he needed to fly for a major U.S. Carrier, joining United Airlines in 

1987. 

 At United, Mr. Behnam served aboard Boeing 747-400 as the youngest First Officer, 

flying in this type domestically and around the world. Accruing hours and seniority, Mr. 

Behnam became a Captain in Boeing 757 / 767 aircraft and for over ten years served as a line 

check airman. 

 But it was in the formative years with the new part 135 carrier, West Air, which gave Mr. 

Behnam the commuter experience that would form him and enable him to become an 

aviation businessman. His twenty-three years at United have taught him the professional 

safety standards and also the financial pitfalls of major airlines. 

 Years later, vacationing with his family in the Bahamas, Mr. Behnam discovered that 

South Florida and specifically Fort Lauderdale lacked a strong airline specializing in 

consumer representation and customer satisfaction. The airlines in this 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-601 

 Page 1 of 2 

market, with very few exceptions, lacked brand recognition, reliable service and a culture 

well founded in safety. 

In 2003, with financial backing mostly generated by himself, Mr. Behnam formed 

Friendship Airways, Inc. and began an on-demand air taxi operation known as Yellow Air 

Taxi. Mr. Behnam did so by purchasing OPM, Inc. and its certificate authorities and then 

changed the company’s procedures to conform to FAA regulations and to conform to his idea 

of a consumer-friendly, safe and profitable airline. 

 Today, Friendship Airways, Inc. has a fleet of four (4) Cessna 402-C aircraft serving ondemand charter markets from its home base in Fort Lauderdale International Airport and 

markets in South Florida and the Northern Bahamas. 

 Should it receive the regulatory approval requested as described in this application, 

Friendship Airways, d/b/a/ Yellow Air Taxi intends to resume scheduled service up to once 

(1) daily to Marsh Harbour. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-602 

 Page 1 of 3 

Current Authority

A. Friendship Airways, Inc. currently holds an FAA Certificate No. 03PA908H 

(copy attached at Exhibit YAT-602, page 2 of 2). 

The FAA Certificate District Holding Office is: 

    Federal Aviation Administration 

 Flight Standards District Office #17 

2895 SW 145th Avenue 

 Suite #120 

 Miramar, FL 33027 

Friendship Airways, Inc.’s Principle Operating Inspector (“POI”) is Mr. Jerry 

Proenza, (954) 635-1317. 

B. Friendship Airways, Inc. is currently registered with the Department pursuant to 

14 C.F.R. §298 as an on-demand air taxi (copy attached at Exhibit YAT-602, 

pages 3 & 4 of 5). 

C. Friendship Airways, Inc., also currently holds a license for Charter Services in 

The Bahamas. See: Exhibit YAT-602 at page 5 of 5. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-602 

 Page 2 of 3 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-602 

 Page 3 of 3 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-603 

 Page 1 of 2 

Description of Proposed New Services

 Friendship Airways, Inc. d/b/a Yellow Air Taxi currently flies a limited number of 

charter flights between its home base in Fort Lauderdale, FL and the Northern Bahamas. 

 If the regulatory approval requested herein is granted, Friendship Airways plans to 

resume scheduled commuter operations serving the Bahamas with daily morning flights from 

Fort Lauderdale (FLL) and Marsh Harbour (MHH). 

 The company operates out of Fort Lauderdale, a city in rapidly growing Broward County. 

The county’s population is in excess of one million, and ranks 15th in county size in the 

United States. Census data indicates its population grew 23% during the 1980’s and 29% in 

the 1990’s. 

 Abacos Island, which includes the towns of Marsh Harbour and Treasure Cay, is the 

fastest growing out-island destination in the Bahamas. It has over 900 hotel rooms and 

nearly one thousand boat slips for ocean going vessels. In addition, it has a very large 

number of villas and condos which serve as second homes and are available for weekly 

rental. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-603 

 Page 2 of 2 

 

Eighty percent of tourism to the Bahamas emanates from the United States, with Fort 

Lauderdale and Miami serving as the main launching points. Since its inception, Yellow Air 

Taxi has created a strong internet presence with prominent placement in search engines and 

an attractive and informative website. A large percentage of its passengers fly into Fort 

Lauderdale from all over the United States and connect with Yellow Air Taxi charters. 

 With over six years of operation, Yellow Air Taxi has also developed a very strong 

passenger base with many repeat passengers flying several times per month. 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-604 

 Page 1 of 4 

Pre-Operating Projections & Forecast Balance Sheet/ Income Statement
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-604 

 Page 2 of 4 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-604 

 Page 3 of 4 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-604 

 Page 4 of 4 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-605 

 Page 1 of 2 

Funding to Meet Financial Fitness Test

Attached hereto please find a statement as to the funding available to meet the financial 

fitness test. 

CONFIDENTIAL TREATMENT REQUESTED UNDER §302.12 
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-701 

 Page 1 of 2 

Signed Counterpart of Agreement 18900 (OST Form 4523)
APPLICATION OF YELLOW AIR TAXI Exhibit YAT-701 

 Page 2 of 2