Calitornla Pacific Aiiiines'' 

--^rruPERATiONS 

JiODi:C-2 A q:0 8 

October 28, 2010 

U.S. Department of Transportation 

Docket Operation 

M-30, Room W12-140 

1200 New Jersey Avenue, S.E. 

West Building Ground Floor 

Washington, DC 20590 

RE: DOCKET DOT-OST-2010-0126 

Response to Ruling on Motion of Carlsbad-Palomar Airlines, Inc., d/b/a 

California Pacific Airlines for Confidential Treatment of Documents 

In response to your ruling dated October 26, 2010, California Pacific Airlines will not be filing a 

petition for reconsideration of the decision. 

However, we have chosen to censor certain information (account numbers, personal addresses, 

etc.) contained in exhibits that were denied confidential treatment. Those documents are enclosed 

and identified as follows: 

Exhibit 3: Compiled Balance Sheets (page 30) 

Exhibit 4: Forecast Balance Sheet (page 43) 

Exhibit 6: Revised Income Statement Forecast (pages 31-34) 

Communication with respect to this document can be directed to: 

Marjorie Holmstrom, Vice President-Administration/HR 

California Pacific Airlines 

5670 El Camino Real, Suite D 

Carlsbad, CA 92008 

760-710-0401/Fax: 760-929-9315/Email: mholmstrom@flycpair.com 
Page 2 of 2 

DOCKET DOT-OST-2010-0126 

Response to Ruling on Motion of Carlsbad-Palomar Airlines, Inc., d/b/a 

California Pacific Airlines for Confidential Treatment of Documents 

Page 2 

If you require any additional information, please let us know. 

Sincerely, 

^ . 

Theodore L. Vallas 

President, Chief Executive Officer 

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 1001,1, Theodore L. Vallas, 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 applicant 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. 

:>670 Fi Carnino Rpdl, Suite D. f<irlsb.iri, I::A 9^008 " PhcHv; /bij, / l(),?uOO " inx 7(in/)?t),ns n 
EXHIBIT 3 

COMPILED BALANCE SHEETS 
3:39 PM 

00/1 a/10 

Accrual Baal* 

Carlsbad Pacific Airlines 

Balance Sheet 

As of May 31,2010 

ASSETS 

Current Assets 

Checklns/Savlngs_ 

WAcc t ^ 

JH»ACCt.i 

Petty Cash 

Total Checking/Savings 

Total Start up costs 

Escrow Account 

55.73S 

49.ase 

347 

105,940 

1,308,793 

0 

Total Current Assets 1,414,733 

Fixed Assets 

Computer Equipment 

Furniture and Equipment 

Tenant Improvements 

Total Fixed Assets 

5S,BB1 

14,164 

5,601 

75,646 

Other Assets 

Estate - Duplex 

AssKgnment of contract - cash flow 

Total Other Assets 

400000 

8,400.000 

8,800,000 

TOTAL ASSETS 10.290.379 

UABIUTIES & EQUITY 

UablUties 

Current LiabUilies 

Accounts Payable 

Ijjan Payable to Shareholder 

Total Accounts Payable 

9 

290,379 

290,366 

Total Current Uabillties 290.388 

Equity 

Retained Eamlrtgs 

Shareholder Equity 

Total Equity 

TOTAL UABIUTIES & EQUITY 

10,000.000 

10,000.000 

10,290,388 

-30 - Page 1 of 1 
EXHIBIT 4 

FORECAST BALANCE SHEET 
3:39 PM 

Oe/18/10 

Accrual BMi * 

Carlsbad Pacific Airlines 

Balance Sheet 

As of March 31,2012 

ASSETS 

Current Assets 

Checkir\g/Savlngs 

K M 

Petty Cash 

Total CheckingfSavingB 

Total Start up costs 

Escrow Account 

45.000 

500.000 

10,000 

555.000 

6,664.000 

27.421,206 

Total Current Assets 34,640,206 

Fixed Assets 

Computer Equipment 

Furniture and Equipment 

Tenant Improvements 

Total Fixed Assets 

150,000 

7S.000 

100,000 

325,000 

Other Assets 

Estate - Duplex 

Assllgnment of contract - cash flow 

Total Other Assets 

400,000 

8,400.000 

e.8^.000 

TOTAL ASSETS 43,765.206 

UABIUTIES & EQUITY 

Uabillties 

Cunent UabWtias 

Accounts Payable 

Loan PayaUa to Shareholder 

Total Accounts Payable 

0 

0 

0 

Total Current UabiUtieB 

Equity 

Retained Earnings 

Shareholder Equity 

Total Equity 

1,766,206 

42,000.000 

TOTAL UABIUTIES & EQUITY 43.768,206 

^ -

Pagelofi 
EXHIBITS 

REVISED INCOME STATEMENT FORECAST 
PMA accounti May 1,2010-May 31.2010a Pagel of5 

PJVIA ® Private Banking PMA Package 

ENCiNITAS CA 92024-3256 

If you have questions about this statement or 

your accounts: 

The Private Bank Service Team 

Phor\e: 1-a77-«4«-8560, TTV: I 800-6004833 

Online: welisfargo.com 

Write: Weils Faryo Private Bank 

85 Cleveland Road 

1 St Floor, MAC: A033O-012 

Pleasant Hill, CA 94523-3478 

May 31 , 2010 

Total assats: 

Last month: 

Change in $: 

Change in %: 

ToUl llabllltlM: 

Last month: 

Change in S: 

Change in %; 

PMA Qualifying Balance: 

Contents 

Overview. . 

$55,734.76 

$14,845.55 

$40,889.2) 

275,43% 

$0.00 

$0.00 

SO.00 

0.00% 

$55,734.76 

2 

PMA* Piime Checking AirmiD i 

Text Banking for Everyone 

Now anyone with a Mobile Phone can text Welts Fargo for 

account balances! 

Alt customers can now monitor their accounts while they are 

on-the^o with Text Banking*. Go to wf.com/text on your mobile 

device to sign up. After you sign up, a simple text request sent 

to 93557 (WELLS), such as "bal' provides current available 

account balances**, 'atm' delivers the address of the nearest 

Wells Fargo ATM, "due* returns credit card payment 

information, and 'com* wiH display back all our text commands. 

Also, customers with web-enabled phones can use wf.com, our 

optimized mobile website, to do even more such as transfer 

funds and pay bills. Start Mobile Banking today. 

*Text and Mobile Banking is free from Wells Fargo, but your 

mobile carrier's text messaging and web access charges may 

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**Please note that some transaction activities (such as 

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(1M| I- 2 

T H E PRIVAT E BANK 

innii •MUkQcMUItMIIIIMIOIIIO* 

'Ai ' 
PMA accounl( May 1,2010-May31,2010• Page3Qf5 

PMA® Prime Checking Account 

Activity MimiiHiry 

Balance on 5/1 

OepositVAddlrions 

Withdrawtls/Subtractloni 

14,845.55 

107,715.63 

•66,826.42 

Bitaic*MtS/31 $SS,734.7» 

Account nutnbei: 1 

Welti forgo Bank, N.A., Colifotnia (Mtmbsr fDICI 

Questions aboui your account: 1-877-446-8560 

Worksheet to balance your account ard General 

Statement Policies can be found towards the 

end of itils statement. 

IntarMt ycWv* •arnMl 

Inccrefl earned this month 

Average colleclcd balance this month 

Annual percentage yield earned 

Interest paid this year 

S0.63 

$7,542.42 

0.10% 

$3.03 

Transaction history 

Date Oeicript/on Check No. 

Oepoiili/ 

Addltioni 

Williarawoli/ 

Subtraaioni 

tr\d\ng Daily 

Bfltonce 

Bagimi 

S/3 

5/4 

S/4 

5/S 

5/5 

5/tO 

5/17 

S/18 

5/20 

S/2I 

5/24 

5«B 

5/28 

5/26 

Ina brfanca on 5/1^^ ^ 

US Treasunf^^^H i 

Chedc 

Oicdt 

PMA Monthly Service Fee 

Check 

Check 

Check 

Deposit 

Check 

Deposit 

Check 

Depotlt 

Check 

Interest Payment 

1.975.00 

1089 

1092 

1094 

1095 

1097 

1098 

1096 

1099 

3.740.00 

2,000.00 

100,000.00 

0.63 

500.00 

23.00 

25.00 

5,000.00 

5,000.00 

78.42 

6.000.00 

200.00 

50,000.00 

IntHltBiialMiaonS m 

14,845.55 

16.820.55 

16,297.55 

11,272.55 

6.272.55 

6,194.13 

9,934.13 

3.934.13 

S.934.13 

5,734.13 

55,734.76 

Sf,734.76 

Tati4t $107,715.« J $««,«26.43 

Summar y o f check* witttc n {checki luted are also displayed in the preceding Transaction history section) 

•~' 

Number Dote 

IOe» S/4 

1092" S/4 

1094* 5/S 

• Cap in chKk tequente. 

i Amount 

500.00 

Numlitr 

I09S " 

Dote 

sna 

23.00 1096 5/24 

5,000.00 1097 5/17 

SuBMHary ef Ovavdraft and Returned Itam faa(t) 

•RHalOwNinft^e.. 

TMMRttumMllMHnFMs • • 

JAmouni Number Datt 

ifiOOJOO 1098 S/20 

200.00 1099 

78.42 

Total this siaumem period 

$ao 

AOt 

t YNr4o-daie total lellects fees asieiMd or reversed rince first M i italwnent period of current calender y « 

msm 1 •1 iilHiilHillMii 

-3a5/28 

IT. 

SAmounr 

6,000.00 

50A0O.0O 

Total year-t»datet 

$JMt 

SftOB 

l>MS*Mllatl(HI«2l04lalll*M 
Accouni • 

isiness Services® Package 

May 1,2010-May31,2010 • Page 1 of4 

CAftLSBAD-PALOMAR AIRLINES, INC. 

5670 E CAMINO REAL STE 0 

CARLSBAD CA 92008 

Quastlons? 

Available by phone 24 hours a day, 7 days a wettc 

1-800-CALL-WELLS (1 800 225 S935) 

TTY: 1-800-877-4833 

£nespafiol: 1-877 337-7454 

Online: wellsfargo.con^/biz 

IVrire: Wells Fargo Bank, N.A (114) 

P.O. Box 6995 

Portland, OR 97228-6995 

Your Business and Wells Fargo 

As our way of saying thank you to our business customers. Wells Fargo is 

extending our best inoney-saving offers on many of our business products and 

services during the months of May and June. Stop by any Wells Fargo banking 

location during May and June for details. Or visit us online at 

wellsfargo.com/biz/sbw. 

Wells Fargo is an Equal Housing Lender. 

Account options 

A check mark ir> the box /ndicoies you have these convenient 

services with your account. Go ro viellsfiugo.eom/bl2 r>r call 

the number atxwe If you have questions or Uyou would lite 

to a M new services. 

Business Online Banking 

Rewards lor Business Check Card 

Ot>line 5iaien>ents 

Busiiwss Bill Pay 

Business Spending Report 

Overdiafi Protection 

n 

Activity summary 

Beglnnirtg balarKe on 5/1 

Deposits/Credits 

Withdrawals/Debits 

EMMiig balance on 5/31 

Average ledger balance this period 

5103,579.73 

75,000.00 

• 128,721.98 

$49,857.74 

$50,405.54 

Account number:! 

CARLSBAD-PALOMAft AIRLINES, INC. 

California account leims andlondilions apply 

For Direct Deposit and Automatic Payments use 

Routing Numtwr (RTN): 

For Wire Transfers use 

Routing Number (RTMh | 

Ovwdratt ProlecUon 

~ This account Is not cutrenTly covered by Oveidriift Protection, ll you 

would like more Information regarding Overdraft Protection and 

cligibllicy requirements please call the number listed at the top of 

your statement or visit your Weill Fargo branch. 

Fllc^GCtlEtM (><'•' 

nKClD''IM2IM 9icelS«|'c00*9443 

DMR>0 StMCtOMOl 0(0000] 

il 

-33 -
Account number^ May 1,2010-May 31, 2010 • Page 3 of 4 

Summoryofchmcks wrtttm (continued) 

Number Date Amount 

1098 

1099 

1100 

1101 

1102 

1104* 

1105 

1106 

S/S 

5/6 

5/7 

5/6 

5/12 

5/10 

5/18 

5/18 

300.00 

300.00 

300.00 

3,500.00 

225.00 

143.24 

100.00 

500.00 

Number 

n07 

1109" 

1110 

1112" 

1113 

1114 

1115 

1116 

Date 

5/18 

5/14 

5/18 

5/19 

5/20 

5/27 

5/20 

5/20 

Amount 

500.00 

4.465.61 

1,104.00 

165.77 

1,104.00 

200.00 

38,689,07 

750.00 

Nurnt/et 

1117 

U1B 

1119 

1120 

1135" 

1126 

1137 

1138 

Dale 

S/IB 

5/20 

5/26 

5/21 

5/27 

5/26 

5/27 

5/28 

Amouni 

449,28 

3,SO0.«J 

81.40 

2,000.00 

2,687.52 

1,00000 

1,500.00 

2,693.19 

* Cop in check sequence. 

Account traniaction Immt summary 

Service chargedtxtipllon 

Paid aindDeoosited Items 

Tolal tarvico charges 

Un/<sufed 

41 

UniK 

indaded 

300 

fxceu 

units 

b 

Service charge per 

excess units (SI 

0.50 

7ota/ service 

chargelS) 

aoo 

$0,00 

Text Banking for Everyone 

Now anyone with a Mobile Phone can text Wells Fargo for account balances! 

All customers can now monitor their accounts while they are on-the-go with Text Banking*. Go to wf.com/text on your mobile device 

to sign up. After you sign up, a simple text request sent to 93557 (WELLS), such as "bal" provides current available account balances", 

"atm' delivers the address of the nearest Wells Fargo ATM, "due" returns credit card paymen t information, and "com" will display back 

all our text comnnands. Also, customers with web-enabled phones can use wf.com, our optimized mobile website, to do even more 

such as transfer funds and pay bills. Start Mobile Banking today. 

*Text and Mobile Banking is free from Wells Fargo, but your mobile carrier's lext messaging and web access charges may apply. 

"Please note that some transaction activities (such as outstanding checks and some Check Card purchases) may not be reflected in 

your available balances. 

Help our environment! Turn off paper statements and go online. 

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Services, select Change Delivery Options, and select Online Only. 

ik'Gcajct M 

IKM><'042I3 1 Sht« SM) - 00W444 

liven •< 0 Sheet 00007 of 00003 

iMlWMiniiilliillH 

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