## BEFORE THE U.S. DEPARTMENT OF TRANSPORTATION OFFICE OF THE SECRETARY WASHINGTON, D.C.

Application of

AERODYNAMICS INCORPORATED

for a Certificate ofPublic Convenience andNecessity pursuantto 49 USC§ 41102 to engage in Scheduled Interstate Air Transportation ofPersons, Property and Mail Docket DOT-OST-2014-0114

SUPPLEMENTNO. 3 TO APPLICATION OF AERODYNAMICS INCORPORATED FORA CERTIFICATE OF PUBLIC CONVENIENCE AND NECESSITY

Communications with respectto this document should be addressedto:

October 16, 2014 AaronA. Goerlich JasonE. Maddux Garofalo Goerlich Hainbach PC 1200 NewHampshire Avenue, N.W. Suite 590 Washington, D.C. 20036-6802 202-776-3974 agoerlich@ggh-airlaw.com jmaddux@ggh-airlaw.com

Counsel forAerodynamicsIncorporated

## Application of BEFORE THE 

## U.S. DEPARTMENT OF TRANSPORTATION OFFICE OF THE SECRETARY WASHINGTON, D.C.

AERODYNAMICS INCORPORATED 

## Docket DOT-OST-2014-0114

for a Certificate ofPublic Convenience andNecessity pursuantto 49 USC 

## §41102 to engage in Scheduled Interstate Air Transportation ofPersons, Property and Mail

SUPPLEMENT NO. 3 TO APPLICATION OFAERODYNAMICS INCORPORATED FORA CERTIFICATE OF PUBLIC CONVENIENCE AND NECESSITY



## Aerodynamics Incorporated (ADI) hereby supplements its application dated June 25,
2014. This third supplement provides additional information regarding the source of funds available to ADI prior to its inauguration of scheduled service at the Youngstown-Warren Regional Airport (YNG). An 

## ADI financial statement as ofJune 30, 2014, is appended as well.

In ADI's first supplement, ADI described $130,000 in pre-operating funding to be provided to ADI by the Western Reserve Port Authority (WRPA) under the Airline/Airport
Use and Operating Agreement between ADI and WRPA. In ADI's second supplement, ADI explained that the source of this WPRA-administered pre-operating funding is YNGAir Partners, a non-profit organization founded to assist the airport in marketing, fundraising, and air service development efforts. Attached to this third supplementis a YNGAir Partners letter

to the Department identifyingthe contributors ofthe $130,000 inpre-operating funding.

## Also attached is ADI's financial statement as ofJune 30, 2014.



# * * 

# *

WHEREFORE, ADI renews its request that the Department issue to Aerodynamics Incorporated a certificate of public convenience and necessity to engage in scheduled interstate air transportation ofpersons, property and mail. ADI also renews its request that the Department complete its processes inthis matter as expeditiously as possible.

October 16, 2014 Respectfully submitted,

# ~~~A_ !J,A-A.A £,

# ~ 

# w**teo:~.** Goerlich

# ~ ( Jason E. Maddux Garofalo Goerlich Hainbach PC

Counsel forAerodynamicsIncorporated

# YNGAIR

October 14, 2014

Ms. Brooke Chapman Associate Director P A R T N E R S



## Small Community Air Service Development Office ofAviation Analysis U.S. DepartmentofTransportation 1200 NewJersey Ave., SERoom W86-307 Washington, DC 20590

Dear Ms. Chapman:

YNGAir Partners, the Airport's Community Support Group, is highly supportive ofthe YoungstownWarren Regional Airport (YNG) and the Youngstown-Warren-Sharon Communities.

We are an exempt organization as described in Section 501 (c) (3) ofthe Internal Revenue Code. Our organization is eligible to receive tax-deductible contributions. YNGAir Partnershas raised the additional funds ofapproximately $130,000 from Cafaro Foundation in the amount of$100,000 and Avalon Holdings in the amount of$30,000. The Youngstown-Warren Regional Airport does not contribute funds to YNGAir Partners.

The Youngstown-Warren Regional Airport is not a memberofthe YNGAirPartners but do attend meeting and advise us as necessary.

Thank you,

Dennis Gartland, Chairman YNGAir Partners

'YNGAirPartners is an exemptorganization as deJcribedin Sedion 501(c)(3) 

# if the InternalRevenue Code. Our organization is eligible to receive tax-dedudible contributions. OurFederalEINiJ45-2493354.1:56PM 10/16/14 Accrual Basis

ASSETS 

## Aerodynamics Incorporated 

# Balance Sheet As ofJune 30, 2014

Current Assets Checking/Savings 1010 ·Chase Operating #6172 1015 ·Chase Debit Card #1661 1020 ·Chase Savings/Reserve #8983 Total Checking/Savings Accounts Receivable 1100 ·*Accounts Receivable 1150 · Allowance for Doubtful Accounts Total Accounts Receivable Other CurrentAssets 1026 · Accounts Receivble-Other 1027 · N/R- R.Ward 1028 · N/R S.Beale 1035 · Inventory 1040 ·Prepaid Expense 1041 ·Prepaid Inspection 1042 ·Prepaid Unscheduled Maintenance 1065 · Deposits Total Other CurrentAssets
Total CurrentAssets Fixed Assets 1045 • Furniture & Fixtures 1050 ·Software 1055 ·Equipment 1060 ·IntangibleAsset, FAA License 1063 · Accumulated Depreciation Total Fixed Assets OtherAssets 1024 · AIR

- Aviation Capital Partners 1025 ·Accounts Receivable -lTC Total OtherAssets
TOTAL ASSETS LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 2000 · Accounts Payable Total Accounts Payable Other Current Liabilities 2005 · Payroll Withholding 2010 ·Customer Deposits 2011 ·Unearned Revenue 2012 ·CustomerSecurity Deposit 2015 · Federal ExciseTax 2020 • Domestic SegmentTax 2035 ·Privileged Fee Deposit Total Other Current Liabilities
Total Current Liabilities Jun 30, 14

88,475.59 35,853.44 35,051.00 159,380.03

432,729.46 -27,890.00 404,839.46

320.00 2,000.00 8,000.00 87,000.00 168,325.64 102,565.64 152,418.44 240,146.00 760,775.72

1,324,995.21

50,697.62

1'170.45 8,284.27 600,000.00

-5,398.08 654,754.26

103,220.00 250,000.00 353,220.00
2,332,969.47

1'151 ,323.92 1'151 ,323.92

353.49 106,440.56 252,802.74

36,691.14

8,526.07 1,688.00 369,485.42 775,987.42
1,927,311.34

Page 11:56PM
10/16/14 Accrual Basis 

## Aerodynamics Incorporated 

# Balance Sheet As ofJune 30,2014

Long Term Liabilities 9030 • Unsecured Creditors 9031 · Secured Creditors

- HIG 9032 • Secured Creditor-Michigan Treas Total Long Term Liabilities

Total Liabilities Equity

3000 · Common Stock 3005 ·Additional Paid In Capital 3010 ·Retained Earnings 2013 Net Income Total Equity
TOTAL LIABILITIES & EQUITY Jun 30, 14

194,854.81 325,000.00

31,712.95 551,567.76
2,478,879.10

100.00 35,899.43 -110,772.22

-71,136.84 -145,909.63
2,332,969.47

Page21:58PM 10/16/14 Accrual Basis 

## Aerodynamics Incorporated 

# Profit 

# & Loss January through June 2014

Ordinary Income/Expense Income 5030 • Flight Charges 5032 · Tortug'AirACMI Revenue 5031 • Charter- Brokered Flight 5001 · Aircraft WaitTime 5016 · Cabin Stock 5017 · Daily Crew Rate 5020 · Deicing 5025 · Flat Rate Reposition 5035 · Flight Crew Reposition 5040 ·Fuel Surcharge 5045 · Handling & Parking Charges 5046 · lntern'l Parking &Handling 5047 ·Landing Fees 5053 ·Minimum Trip Add On 5055 ·Overnight 5090 · Fuel Revenue

- Tortug'Air 5506 · Fuel Credit 5505 ·Interest Income 5510 · Miscellanous Income 5000 ·Adjustment Income Total Income Cost ofGoods Sold 6206 · Contract Mechanic 6290 · Fuel Expense

- Tortug'Air 6000 ·Aircraft Certification 6005 · Aircraft Cleaning 6010 ·Aircraft Fuel 6015 · Aircraft Galley &Supplies 6020 · Aircraft Handling &Parking 6021 · lntern'l Parking &Handling Exp 6022 · Landing Fee Expense 6025 · Aircraft Insurance 6030 · Aircraft Lease 6040 · Aircraft Maint.

- Scheduled 6045 ·Aircraft Maint.- Unscheduled 6046 · Aircraft Lessor Maint.Reserves 6050 ·AircraftSubservice 6065 • Catering 6076 · SalesComm./Brokered Fees 6075 ·Charter Sales Commission 6080 · Contract Pilot/Crew 6085 ·Credit Card Processing Fees 6090 ·Crew -AirlineTravel 6095 ·Crew -Meals 6100 ·Crew Medical Certification 6105 ·Crew Overnight Hotel Expense 6110 ·Deicing expense 6115 ·Dues &Subscriptions 6120 ·Equipment Rental 6130 ·Flight Crew Per Diem 6135 ·Flight Crew Training 6140 ·Flight Crew Transportation Fees 6160 · Hangar Rental 6165 ·Crew- Employee Benefits 6170 · IT/Software 6175 ·License & Permits 6180 · Miscellanous 6185 ·PayrollTaxes 6190 · Professional Fees 6195 · Salaries

- Crew 6205 · Salaries-Aircraft Mantenance Jan- Jun 14

2,594,148.70

129,459.88 363,950.98 47,250.00 750.00 72,150.00 17,245.50 1,416,472.05 54,500.00 89,983.30 279,410.00

31,600.00 146.00 26,752.50 112,200.00 57,937.37 63,796.20 816.03 9,876.52 8,217.31 5,376,662.34

4,550.00 54,961.52 14,229.53 8,593.40 1,445,130.63 6,521.73 222,268.29

12,391.16 3,709.98 176,559.81 450,000.00

53,169.31 355,071.16 256,403.99 504,034.15

13,578.09 12,834.73 27,757.83 85,069.76

1,097.56 184,158.11

1,945.14

295.00 108,934.81

8,064.03 49,310.50

1,261.92 50,128.35 20,897.85 37,777.61 13,050.00 15,914.79

225.25 4,050.92 18,019.64 57,511.72 4,755.25 178,505.38 53,083.34

Page 11:58PM 10/16/14 Accrual Basis 

## Aerodynamics Incorporated 

# Profit & 

# Loss January through June 2014

6220 · Uniforms 6225 · Workers Compensation Insurance Total COGS
Gross Profit Expense

7119 ·Taxes 6077 · IT Services 7000 · Advertising 7014 ·Bad Debt 7015 • Bank Fee 7020 · Customer Relations 7043 · Insurance 7044 · Employee Benefits 7045 · Interest/Finance Charge 7047 · License/Registration/Subscrip. 7050 · Meals & Entertainment 7055 ·Misc. Expense 7064 • Office Meeting Expense 7065 • Office Supplies 7070 • Office Rent

- Beachwood 7073 • Office Rent

- Kennesaw 7075 · Payroll Fee 7078 • Payroll Clearing 7080 · Penalties 7085 · Professional Fees -Accounting 7090 • Professional Fees

- Consulting 7095 ·Professional Fees- Legal 7105 · Repair &Maintenance 7110 ·Salaries- Administration 7113 · Salaries

- Operations 7115 · Sales & Marketing 7116 ·Shipping/Logistics 7117 ·Shop Supplies/Small tools 7118 • Subcontractor 7120 •Telephone/Internet- Beachwood 7123 •Telephone/Internet- Kennesaw 7125 •Travel 7130 · Utilities

- Beachwood 7133 · Utilities- Kennesaw 8000 · Depreciation 9999 ·Suspense Total Expense
Net Ordinary Income Other Income/Expense Other Expense 9015 • Legal Fees 9020 · Priority Claims Total Other Expense
Net Other Income
Net Income Jan- Jun 14 4,505.74 9,526.53 4,529,854.51

846,807.83

250.00 9,291.67 6,292.49 30,874.00 6,067.95 2,598.34 1,266.85 14,279.28 2,848.18 3,230.98 4,125.56 20,562.69

1,086.39 6,791.29 13,972.68 15,773.00 9,209.36 0.00 688.90 27,750.00 84,173.66 57,297.11

1,703.65 187,980.29 217,791.48

6,989.31 12,175.25 -1.95 9,837.90 5,157.40 2,210.00 3,680.99

149.24 1,342.50 3,177.46 0.00 770,623.90

76,183.93

124,143.99 23,176.78 147,320.77 -147,320.77

-71,136.84

Page2

## CERTIFICATION



## Pursuant to title 18 United States Code section 1 001, I, Scott A. Beale, in my individual capacity and as the authorized representative ofAerodynamics Incorporated, have not in any

manner knowingly and willfully falsified, concealed or covered up any material fact or made

any false, fictitious, or fraudulent statement or knowingly used any documents which contain

such statements in connection with the preparation, filing or prosecution ofthe application. I

understand that an individual who is found to have violated the provisions of 18 U.S.C.

section 1001 shall be fined nor more than $10,000 or imprisoned not more than five years, or
both.

cott A. Beale, ChiefExecutive Officer Aerodynamics Incorporated

Dated: October 16, 2014

## CERTIFICATE OF SERVICE

I hereby certifythat a copy ofthe foregoing supplement, including all attachments, has been providedby email on October 16, 2014, to each ofthe following persons:

FAA Flight Standards District Office

- Atlanta Attn: Bruce Clamp, POI 107 Charles GrantParkway, Suite 301 Hapeville, Georgia 30354 

## alton.clamp@faa.gov

DanDickten, A.A.E. Executive Director ofAviation Youngstown-WarrenRegional Airport 1453 Youngstown-Kingsville RoadNE Vienna, Ohio 44473 

## ddickten@yngairport.com
Thomas J. Naughton, CEO Wayne CountyAirportAuthority 1DetroitMetro Airport Detroit, Michigan48242 

## tom.naughton@wcaa.us

Michael Koester