BEFORE THE 

U.S. DEPARTMENT OF TRANSPORTATION 

OFFICE OF THE SECRETARY 

WASHINGTON, D.C. 

Application of 

AERODYNAMICS INCORPORATED 

for a Certificate of Public Convenience 

and Necessity pursuant to 49 USC§ 41102 

to engage in Scheduled Interstate Air 

Transportation of Persons, Property and Mail 

Docket DOT-OST-2014-0114 

SUPPLEMENT NO. 3 TO 

APPLICATION OF AERODYNAMICS INCORPORATED 

FOR A CERTIFICATE OF PUBLIC CONVENIENCE AND NECESSITY 

Communications with respect to this document should be addressed to: 

October 16, 2014 

Aaron A. Goerlich 

Jason E. Maddux 

Garofalo Goerlich Hainbach PC 

1200 New Hampshire A venue, N. W. 

Suite 590 

Washington, D.C. 20036-6802 

202-776-3974 

agoerlich@ggh-airlaw.com 

jmaddux@ggh-airlaw.com 

Counsel for Aerodynamics Incorporated 
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 of Public Convenience 

and Necessity pursuant to 49 USC § 41102 

to engage in Scheduled Interstate Air 

Transportation of Persons, Property and Mail 

SUPPLEMENT NO. 3 TO 

APPLICATION OF AERODYNAMICS INCORPORATED 

FOR A 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 of June 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 (WRP A) 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 supplement is a YNGAir Partners letter 

to the Department identifying the contributors of the $130,000 in pre-operating funding. 
Also attached is ADI's financial statement as of June 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 of persons, property and mail. ADI also renews its request that the 

Department complete its processes in this 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 for Aerodynamics Incorporated 
YNGAIR 

October 14, 2014 

Ms. Brooke Chapman 

Associate Director 

P A R T N E R S 

Small Community Air Service Development Office of Aviation Analysis 

U.S. Department of Transportation 

1200 New Jersey Ave., SE Room W86-307 

Washington, DC 20590 

Dear Ms. Chapman: 

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

We are an exempt organization as described in Section 501 (c) (3) of the Internal Revenue Code. 

Our organization is eligible to receive tax-deductible contributions. YNGAir Partners has raised the 

additional funds of approximately $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 member of the YNGAir Partners but do attend 

meeting and advise us as necessary. 

Thank you, 

Dennis Gartland, Chairman 

YN GAir Partners 

'YNGAir Partners is an exempt organization as deJcribed in Sedion 501 (c)(3) if the Internal Revenue Code. Our 

organization is eligible to receive tax-dedudible contributions. Our Federal EIN iJ 45-2493354. 
1:56PM 

10/16/14 

Accrual Basis 

ASSETS 

Aerodynamics Incorporated 

Balance Sheet 

As of June 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 Current Assets 

1 026 · 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 Current Assets 

Total Current Assets 

Fixed Assets 

1045 • Furniture & Fixtures 

1050 ·Software 

1055 ·Equipment 

1060 ·Intangible Asset, FAA License 

1063 · Accumulated Depreciation 

Total Fixed Assets 

Other Assets 

1024 · AIR - Aviation Capital Partners 

1025 ·Accounts Receivable -lTC 

Total Other Assets 

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 ·Customer Security Deposit 

2015 · Federal Excise Tax 

2020 • Domestic Segment Tax 

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 1 
1:56PM 

10/16/14 

Accrual Basis 

Aerodynamics Incorporated 

Balance Sheet 

As of June 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 

Page2 
1:58PM 

10/16/14 

Accrual Basis 

Aerodynamics Incorporated 

Profit & Loss 

January through June 2014 

Ordinary Income/Expense 

Income 

5030 • Flight Charges 

5032 · Tortug'Air ACMI Revenue 

5031 • Charter- Brokered Flight 

5001 · Aircraft Wait Time 

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 of Goods 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 ·Aircraft Subservice 

6065 • Catering 

6076 · SalesComm./Brokered Fees 

6075 ·Charter Sales Commission 

6080 · Contract Pilot/Crew 

6085 ·Credit Card Processing Fees 

6090 ·Crew -Airline Travel 

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 ·Payroll Taxes 

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 1 
1:58PM 

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 of Aerodynamics 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 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 nor more than $10,000 or imprisoned not more than five years, or 

both. 

cott A. Beale, Chief Executive Officer 

Aerodynamics Incorporated 

Dated: October 16, 2014 
CERTIFICATE OF SERVICE 

I hereby certify that a copy of the foregoing supplement, including all attachments, has been 

provided by email on October 16, 2014, to each of the following persons: 

FAA Flight Standards District Office - Atlanta 

Attn: Bruce Clamp, POI 

107 Charles Grant Parkway, Suite 301 

Hapeville, Georgia 30354 

alton. clamp@faa.gov 

Dan Dickten, A.A.E. 

Executive Director of Aviation 

Youngstown-Warren Regional Airport 

1453 Youngstown-Kingsville Road NE 

Vienna, Ohio 444 73 

ddickten@yngairport. com 

Thomas J. Naughton, CEO 

Wayne County Airport Authority 

1 Detroit Metro Airport 

Detroit, Michigan 48242 

tom. naughton@wcaa. us 

Michael Koester