BEFORE THE DEPARTMENT OF TRANSPORTATION OFFICE OF THE SECRETARY WASHINGTON, D.C.
Application of JET AVIATION FLIGHT SERVICES, INC for a certificate of public convenience and necessity under 49 U.S.C. 41102 to engage in interstate charter air transportation DOCKET DOT-OST-2014- 

### 0097

SUPPLEMENT NO. 1 TO APPLICATION OF JET AVIATION FLIGHT SERVICES, INC.
Communications with respect to this document should be sent to: Valerie Fattoross Sales Contracts Administrator JET AVIATION FLIGHT SERVICES, INC. 112 Charles Lindbergh Drive Teterboro, New Jersey 07608 Phone: (201) 462-4066 Fax: (201) 462-4033 David C. Agee Amanda E. Tummons HUSCH BLACKWELL LLP 901 St. Louis Street, Suite 1800 Springfield, MO 65806 Phone: (417) 268-4000 Fax: (417) 268-4040 davi d. ag,eeghus chblackwell. com amanda.tummons@huschblacl<-well.com Charles D. Nottingham HUSCH BLACKWELL LLP 750 17 thStreet, NW, Suite 900 Washington, D.C. 20006 Phone: (202) 378-2417 Fax: (202) 378-2319 charles.nottingham@huschblackwell.co m Counsel for Jet Aviation Flight Services, Inc. August 29, 2014

~ Y 7 `M ( 3+I ►a ► L c

~ , ►1BEFORE THE DEPARTMENT OF TRANSPORTATION OFFICE OF THE SECRETARY WASHINGTON, D.C.
Application of JET AVIATION FLIGHT SERVICES, INC for a certificate of public convenience and necessity under 49 U.S.C. 41102 to engage in interstate charter air transportation DOCKET DOT-OST-2014- 0097

SUPPLEMENT NO. 1 TO APPLICATION OF JET AVIATION FLIGHT SERVICES, INC. On June 6, 2014, Jet Aviation Flight Services, Inc. ("JAFS") submitted an application for a certificate of public convenience and necessity authorizing interstate charter air transportation pursuant to section 41102 of Title 49 of the United States Code (the "Statute") 1 . On July 31, 2014, the Department sent JAFS a letter requesting additional and/or clarifying information (the "Request"). In accordance with such request, JAFS hereby submits the following additional information in support of its application:
1. Item 1 of the Request requests that JAFS provide the month and year for the dates of employment, if such were not already provided in the resumes submitted in support. of JAFS' application. Attached, as Exhibit A, is a chart showing the month and year for dates of employment where such information was not already provided.

1By separate application, Jet Aviation concurrently applied for authority to engag6 in foreign charter air transportation of persons, property, and mail. Such application is located at Docket DOT-OST-2014-0098.

SPH-2129273-2Supplement No. 1 to Application of Jet Aviation Flight Services

Page 2
2. Item 2 of the Request requests that JAFS account for all gaps in employment, where applicable, for each of the resumes submitted in support of JAFS' application. Exhibit A also sets forth information that accounts for all gaps in employment where such information is necessary.
3. Iri response to item 3 of the Request, a 12-month pro forma income statement for JAFS' current small aircraft operations, as well as a 12-month pro forma statement for JAFS' proposed combined large and small aircraft operations is attached as Exhibit B.
4. In response to item 4 of the Request, an updated balance sheet for JAFS for the 3-month period ending June 30, 2014 is attached as Exhibit C
5. In response to item 5 of the Request, information regarding the citizenship of the General Dynamic Corporation beneficial owners holding an equity interest of more than 5 percent is set forth on Exhibit D.
6. Between the filing of the application and the filing of this supplement, David Dalpiaz became the Vice President of Operations. In his new role, Mr. Dalpiaz is responsible for both maintenance and flight operation. Therefore, Mr. Dalpiaz's previous position as the Vice President of Ground Operations has been combined with his new responsibilities over flight operations. David Petke (who was the Vice President of Flight Operations) remains employed by Jet Aviation Flight Services, Inc. but is no longer responsible for flight operations nor is serving in the role of key personnel, as that term was used in JAFS' application. An updated organizational chart for JAFS reflecting this change is attached as Exhibit E.

Wi l : ~~~~y~K~Supplement No. 1 to Application of Jet Aviation Flight Services

Page 3
7. On July 21, 2014, International Association of Machinists Union v. ,Iet Professionals (listed on Exhibit T of the application) was dismissed by the National Labor Relations Board. No appeal has been filed and the appeal period lapsed on August 14, 2014.
8. Attached as Exhibit F is the certification statement required by the Department's Regulations. JAFS respectfully requests that the Department promptly grant a final order and certificate of public convenience and necessity authorizing it to provide interstate charter air transportation of persons, property, and mail. Submitted by,
HUSCH BLACKWELL LLP 

# A

® 

## 6 David C. Agee Amanda E. Tummons Charles D. Nottingham david. agee a

chus chblackwell. com amanda.tummons a,huschblackwell.com charles.nottin h

g_amghuschblackwell.com Counsel for Jet Aviation Flight Services, Inc. Attachments Exhibit A— Additional Resume Information Exhibit B— Pro Forma Income Statement Exhibit C— June 30, 2014 Balance Sheet Exhibit D— Information Related to Beneficial Owners of General Dynamics Exhibit E— Updated JAFS Organization Chart Exhibit F

— Certification Certificate of Service

SPH-2129273-2CERTIFICATE OF SERVICE

I hereby certify that I have on this day served the foregoing supplement to the application for interstate charter air transportation authority by first class mail, postage prepaid, upon the persons shown in the following service list.

HUSCH BLACKWELL LLP
David C. Agee Counsel for Jet Aviation Flight Services, Inc.

August 29, 2014

SERVICE LIST 1Vlark Buttikofer Principal Operations Inspector Federal Aviation Administration Teterboro Flight Standards District Office FAA-EA25 Parlc 80 West, Plaza One Saddlebook, New Jersey 07763 Telephone: 210-556-6600.

SPH-2129273-2Supplement 1 to Application of Jet Aviation Flight Services

Exhibit A — Page 1 Exhibit A
Additional Resume Information 

### Name Em loer D_ ates William C. Beversluis linemploti-ed Nlarcli 2000 Ral h Bonadies New World Jet Corp. (Quality July 1997 —

Assurance Inspector) February 2006 Executive Air Fleet, Inc. (Director of May 1994 — July Maintenance) 1997 Executive Air Fleet, Inc. (Assistant November 1992 — Director of Maintenance) May 1994 Jet Aviation Business Jets June 1989 — (Maintenance Coordinator/Manager) November 1992 PHH Executive Air Fleet Corp (Line December 1986 — Maintenance Supervisor) June 1989 Levolor Lorentzen, Inc. October 1983 — November 1986 Custom Aircraft Interiors January 1980 — October 1983 Unemployed November 1979 — January 1980 New Jersey Airways, Inc. January 1979 — November 1979 Aerial Advertising Agency April 1978 — December 1978 David M. Dal iaz Jet Aviation Flight Services, Inc. June 2014 - Present

(Vice President of Operations) 1 Jet Aviation Flight Services, Inc. August 2005 2 — June (Vice President of Ground Operations) 2014 Unemployed March 1995 — September 1995 Unemployed February 1992 — March 1992 Gary ,Dem se

~ Gulfstream Aerospace Corp (Vice January 2002 —

President of Operations March 2003

1This is a new position since the time of the application. David Dalpiaz, previously holding the title of Vice President of Ground Operations, became the Vice President of Operations, which position includes responsibility for both maintenance and flight operation. 2 The original application contained a typo — August 2006 should have been August 2005.Supplement 1 to Application of Jet Aviation Flight Services

Exhibit A — Page 2 

### Name Emlo er 

### Dates

Gulfstream Aerospace Corp (Director June 1999 — January of Service) 2002 Raytheon Aircraft (General Manger) July 1992 — June 1999 Raytheon Aircraft (Service Center September 1986 — Manager) July 1992 Cessna (Field Service January 1978 — Representative/Mid Atlantic Zone and September 1986 Great Lakes Zone) Matthew Ryan Feinstein Jet Aviation Flight Services, Inc. November 2006 —

(Vice President of Flight Logistics) March 2010 Jet Aviation Flight Services, Inc. August 2005 — (Director of Charter Sales) October 12006 David Herbert Fo 

### gg Sandy Springs Bank (Board of June 2009 —

Directors, Management Oversight) December 2009 General Dynamics Corporation (Vice March 1998 — President — Treasurer) Present General Dynamics Corporation (Staff November 1994 — VP & Treasurer) March 1998 General Dynamics Corporation (Staff May 1994 — VP & Assistant Treasurer) November 1994 General Dynamics Corporation January 1994 — May (Director Finance & Assistant 1994 Treasurer) General Dynamics Corporation November 1991 — (Director Risk Management) January 1994 Michelin Tire S.A. (Assistant June 1990 — Treasurer) November 1991 Uniroyal Goodrich Tire Company August 1986 — June (Assistant Treasurer 1990 BF Goodrich Company (Treasury) July 1982 — August 1986 Gregory S. Gallo oulos General Dynamics Corporation (Vice July 2008 — January

President and Deputy General 2010 Counsel)

1The original application contained a typo — September 2006 should have been October 2006. Z The original application contained a typo - David Herbert Fogg worked for Sandy Springs Bank in 2009 not in 1991.Supplement 1 to Application of Jet Aviation Flight Services

Exhibit A — Page 3 

### Name Em l® er 

### Dates

Jenner & Block, LLP (National January 2005 — Managing Partner) March 2008 Jenner & Block, LLP (Partner) December 1991 — July 2008 Jenner & Block, LLP (Associate) May 1984 — Decenber 1991 

### Donald J. Haloburdo Jet Aviation (VP/General Manager) January 2011 — Present Jet Aviation (Chief Pilot/VP Flight Apri12005 - Operations) December 2010 New World Jet Corp (Interim May 2003 — March Director) 2004 Jet Aviation (GII/GIII Captain) July 2000 — April 2003 U.S. Navy, Patrol Squadron Six Six November 1997 — October 2005 U.S. Navy, Naval Aviation Schools May 1994 — October Command 1997 U.S. Navy, Patrol Squadron Four May 1991— April 1994 U.S. Navy, Navy Flight Training May 1989 — April 1991 

### Kenneth R. Ha duli General Dynamics Corporation June 2003 — May

(Director Tax Counsel) 2008 Baker& McKenzie LLP (Partner) Apri12001 — June 2003 Baker & McKenzie LLP (Associate) February 1999 — Apri12001 Chadbourne & Parke LLP (Associate) January 1996 — February 1999 Swidler Berlin LLP (Associate) January 1994 — January 1996 Lee Toomey & Kent, LLP (Associate) June 1993 — January 1994 United States Tax Court (Law Clerk) June 1991 — June 1993 George Washington University JD and August 1986 — June New York University LLM Student 1991 Price Waterhouse (Staff Accounting) August 1985 — August 1986Supplement 1 to Application of Jet Aviation Flight Services

Exhibit A — Page 4 

### Name Em 

## lo er Dates Darrell Hunter Jet Aviation (Director of Quality September 2004

-

Assurance) Present Unemployed May 2004

— September 2004 UPS/Rolls Royce (Operations April 2003

— May Manager/ODAR) 2004 ATA Training Academy (Instructor

— January 2004

— June Part Time) 2004 United Airlines January 1990

— (Supervisor/Inspector/Instructor/Tech March 2003 nician) Vicennes University (Instructor

— Part January 1998

— Time) December 1999 General Dynamics Corporation February 1987

— (Maintenance Lead/Inspector) December 1989 Unemployed November 1986

— February 1987 Sulfur Creek Production (Inspector) June 1983

— November 1986 Terminix (Pensacola, Florida

— Pest March 1982

— June Control Technician) 1983 US Marine Corps (Collateral Duty February 1976

— Inspector/Quality Assurance) March 1982 

### Joseph T. Iaom 

### b a 

### rdo General Dynamics Corporation (Vice December 1998

—

President, Operations at Gulfstream May 2002 Aerospace Corporation General Dynamics Corporation (Vice June 1996

— President, Co-Production of December 1998 Gulfstream Aerospace Corporation) McDonnell Douglas Corp (Director of February 1993

— Twin Jet Production) June 1996 McDonnell Douglas Corp (multiple August 1979

— positions including Forman of February 1993 Production Control, Branch Manager Spares Scheduling, Manager Planning, Manager Master Scheduling, Superintendent Production Control, Director Production Control, Director Production Planning, Director MD-11 Production, Director MD-11 Operations)Supplement 1 to Application of Jet Aviation Flight Services

Exhibit A — Page 5 

### Name Em 

### lo er Dates

Rayjay Industries (Manager of August 1978 — Production and Inventory Control) August 1979 McDonnell Douglas Corp (Material August 1975 — Planner and Material Planner and August 1978 Financial Anal st) David C. Petke, Jr.

_

David Petke is no longer the VP of Flight Operations. He is still employed by Jet Aviation Flight Services, Inc. but is no longer responsible for flight operations and is not in a key personnel role, as that term was used in the application. As such, no additional information is being provided regarding his resume.
--- --- Bill Thomas GPI Aviation (Learjet Pilot, Flight March 1995 — June

Instructor) 1997 Ocala Flight Center (Flight Instructor) June 1994 — March 1995 Kupper Airport (Flight Instructor) February 1994 — June1994 Daniel James Von Bar en Jet Aviation Flight Services, Inc. June 2011 — Present

(Director of Flight Standards) FlightSafety International (Director of June 2006 — June Compliance) 2011 Polar Air Cargo (Pilot, Flag carrier) April 2005 — June 2006 US Airways (Pilot, Major Airline0 June 1987 — April 2005 Richard Kirk von Seelen Unemployed March 1988 — June 1988Supplement 1 to Application of Jet Aviation Flight Services

Exhibit B — Page 1 Exhibit B
Pro Forma Income Statement

JET AVIATION FLIGHT SERVICES, INC: 12 Month Pro Forma Income Statements (Unaudited)

Dollars in Thousands

CurrentSmall Proposed Aircraft Large Aircraft. Combined Operations Operations Operations
18;600 281 18;881 3 ; 625 450 4,075
13!,000 13,000 9,225 731 8;956
6,600 6,600: 2;625; 731 3,356 Services Revenue - Aircraft Managernent Services Revenue - Charter
Cost of Serv'ices Gross Matgin Selling; General and Administrative Expenses<
Net Income'

See accompanying "Notes to Pro Forma Income 5tatements,(Unaudited)" for additional explanationrSupplement 1 to Application of Jet Aviation Flight Services

Exhibit B — Page 2

JET AVIATION FLIGHT : SERVICES ;INC. Notes to Pro Forma Income Statements (Unaudited),
Pro Forma Income Statements: Aviation Flight_Services, Inc. fJAFS) is chiefly compriseii of three cliv'rsions: AircrafY{Vlanagement, Charter ;and Personnel Services. e"6urrent Small AircraftOperations" was derived fr(i in the books and records ofthe Aircrafk Management and Charter divisions, itwas believed thatPersonnel Services.(i:e., pernianent and temporaty ernploymentagency and payrolling) is outsidethe scope "current 5mall AircraftOperations" for pu rposes of this discussion. ie`°CurrentSmall AircrafE:.Operations" is based on a.nd approximates the results ofthe rollipg 12 moiiths ended-June 30; 2014; and representative of JAFS' current level ofsmall aircraft operations:: • Services-Revenue--Alrcraft Management_representsfee$ charged for the management

- of 100 aircraft at an-

- averageFof -$13o

- ,000:per.year (appi

- oximately$.13-,000,00o),plus an_additiona[$5,600;000 in otheraviation-related services provided

~ o atside of that cohtem plated: by management fecs: •,5ervices Revenue- Chai

- Eerreflects approximately 5,000 tiilled hours; billed at an-average hourly rate of $6,900per hour, and a'margin of 16.5%. Consistent with Accounting Star.dards Codification 605-45, I?rincipal AgentConsiderations,JAFS' Charterdivision recognizesrevenue on-a "net"basis ofapproximately$725 perFiour: • Cost of Service chiefly inc(udes approximately S10,200,000 of personnel costs relating to approximately 64 employeesy inctuding salaries, wages, commissions;,bonuses, pa,yrollaaxes, benefits, and ; training. Cost of Service also includes approximately $2,600,000 ofdepartihental exper,ses such as travel,.business meals, rent; communications; allocated IT support ;etc.; and $200,0004or services`provided by outside contractors. Employees'categorized as CostofService include skilled maintenarnce coordination ;sales, arrf various c.lientfacing positions: • Selling ;General and Admin strative expenses includes approximately $1,600,000 of personnel costs relatingto approximatelyt:i employees; as well asS60U,u00 of dr.paitmental;expenses. -Employees categorized as SG&A iriclude finance and other staff. The'remainder oPtFc SGuA costs chiefly represents assessmenfs and managementfeesfrom parent:co.mpanies For services provided to JAI 7 S. sed Large Aircraft Operations" remains unchahged from the:Fo'recasted fncome Statement for:N777UE previously

Mcidelt ,FS intends to use the sa me business'motlel with N777UE as it does it,; ciirrerit small aircraftoperations, which may be described as Ilow_s: • A.managementfeeofap'proximately$281,000peryearwill_be`billedtotheaircraft'sowner,and;recognizedas'revenuetiy JAFS'

- AircraftMara;?enicntdivision'::
• Travelers.will be billed approximately $15,Oo0 per hour,• at,d the aircraft's o.wner will lie reimbursed approximately $7.2,750 perhour. ConsistentwithAccountingStandardsCocificatior'605-45,Prinr.iiialAgentConsiderations,JAFS''CharterCivisi6n viill recognize revenue on a"net" basis of approximately'$2,250 per hocr.
• All operating costs ,such asfuel, crew salaries, insurance, crewtraining, maiiitenance,etc.) will be billed monthly to,the owner; and will not be absurbed byJAFS. +: JAFS will not need to add any additional headcount or infrastructure'to accohimodate the large aircraft'in this business model.

nto tfie Federal income tax returns of its ultimate parent; General Dynamics Corporat'ion, and:is not req:uired'xo

ne tax-return.s. Oueto administrativeexpediency, income taxexpenses are not pushed down to JAFS.Supplement 1 to Application of Jet Aviation Flight Services

Exhibit C - 1 Exhibit C June 30, 2014 Balance Sheet

JETAVIATION FLIGHT-SERVIGES, INC., 12 Month Pro Forma Income Statements (Unaudited)'

Dollars in Thousands

iServices Revenue'-Aircraft Management Services Revenue'- CharYer
Cost ofServices

6ross Margin'

_ Selling, General and Administrative Expenses

Net Income CurrentSmall Proposed Aircraft Large:Aircraft. Comhined Operations Operations Operations
18-;600! 281 18;881 3,625 450 41 075
13,000 13,000 9,225 731 9,956 6y6Q0= 6,600 2;625 731 3,356

See accompanying"Notes to Pro Forma Income Statements (Unaudited)" for additional explanation:,

SPH-2129373-3Supplement 1 to Application of Jet Aviation Flight Services

Exhibit C - 2

JET AVIATION FLIGHT'SERVICES, INC.. Notes to Pro Forma Income Statements (Unaudited).
asis of Pro Forma Income Statements: t'Ayiatiqn Flight,Services, Inc. (JAFS) is chiefly co,mprised of three div'isions: Aircraft Management,_ Charter; and Personnel Services: ie "Current:Smal I Aircraft:Operations" was derived from the books a nd records of the Aircraft.Management-anc Cha rter divisidn. s, it was believed that Personnel Services'(i:e., pernianentand temporary employmeht agency and payrolling),_is outside the scope "`Current;Small Aircraft:Operations" for purposes of this discussion. ie "CurhentSmalPAircraftoperations° is based on'and'approxirnatesthe:results'ofthe rolling..12 monthsehded-June 30 2014; and representative of JAFS' cunrent level of small aircraft operations:, • Services Revenue — Aircraft ManagelY ent.represents fees charged for the man.agement of 100 aircraft at an=average:of $130,000peryear(approxiinately$13,000;000), plusan additional$5,600;0001hotheraviation-reJated-ser0ces:provided:; outside;ofthatcontemplated by-managementfees

~ : • Services Revenue — Charter reflects:approximately 5,000 billed hours, bi(led at an average;hourly rate of$6,900 per hour, a hd a margin of 10.5%: Consistent with Accounting Standards Coditication: 605-45, Principa! Aqent Considerat"rons ; JAFS' Charter division recognizes revenue on a"net" basis of approximately $725 per L•our. • CostofService:chiefly;includes.approximately$10,200,000ofpersonrelcost.srelatingtoapproximately'54emptoyees ; including salaries, wages, commissions, bonuses, payroll:taxes, benefits;.ar.d traming: Cost ofService also includes approximately $2,600 ; 000+of depaPtmental expenses such ast'ravel, business meals, ; 'rent; communications,allocated IT suppart, etc:j and $200;000 for §ervices provided by'outside contrectors: Employees categbrized as Cosf of 5ervice?include skilled mainterance coordination, sales ;and various clier.t facing poeitions: :•- '.Selling, General and Administrative expenses include:s approximately $-1,600,000of personri'el costs reiatingtb approziinately 1.3 employees, as welPas 5600,U00 of.departiiiental.experses. E.mployees categorized as SG&A'inclucJe financeantl otFierstaff, Tlie remainder ofthe 56&A costs chiefly repr.esents assessments and managementfeesfrom parent companies for services provided to JAFS.- ie"''Proposed

- _Large Aircr3ftoperations" remains uncfianged-from the: -Forecasted: Income$tatementfor N777UE previouSly

Mcsdel: intendsto use the same business model:with N777UE as it does its current small aircrafE,ope'rations; which may be described as • A mahagemeht fee of:approximately$Z81 ; 000 peryear Uiill tie billed to the aircraft's owner, and recognized as reveiiue by JAI=S' Aircraft`Ma na gement d ivision. • Travelers will,be 611led:appYoximately $15,0o0 per hour; anc the aircraft's owner will,be reirribursed,'approximatety.$12,750 per. hour.Consistent with AccountingStandards Codification 605-45; Principai Agent ConsiderationS, IAFS' Charterdivision will recogniie revenue on a"net" basis ofapprtiximately$1,250 per Fiour.. • AII operatingcosts (such asfuel,:.crewsaJarie_s,.irnsurance, crewtraining ;: maintenance,:ete.) will be billed monthlyto..the owrier, and will not be a6sorbed byJAFS_ a JAFS will not need to add any additional headcountor infrastructure to accommodate the large aircraft in this business modef:
coirle'Taxes •

lidated into tihe Federal income tax returns of its:ultimate parent, General Dynamics Corporation, and is notrequired to US incometax returns. 13ue to administrative expediency ;income;tax.expenses are not pushed down to JAFS.

SPH-2129373-3Supplement 1 to Application of Jet Aviation Flight Services

Exhibit D - 1 Exhibit D

Information Related to Beneficial Owners of General Dynamics General Dynamics Corporation is a company that is publicly traded on the New York Stock Exchange (t'icker symbol: GD) and for NYSE purposes is a domestic company. Therefore, ownership in General Dynamics is fluid. The information provided below is based on the most recent Schedule 13Gs and 13G/As that have been filed with the SEC as well as other publicly available information. Pursuant to the General Dynamics 2014 Proxy Statement the following are the persons known by General Dynamics to be the beneficial owner of more than 5% of the company's Common Stock. No additional Schedule 13G or Schedule 13G/As have been filed since the Proxy Statement that would indicate that any other person or entity is the beneficial owner of more than 5% of the company's Common Stock. It is our understanding that the following beneficial owners constitute United States citizens by reason of their being beneficially owned and controlled by United States citizens. We are not aware of any facts or circumstances that would indicate such beneficial owners would be considered as not being beneficially owned by a majority of or controlled by United States citizens. Capital Research Global Investors: Capital Research Global Investors is an investment advisor and a division of Capital Research and Management Company (CRMC). This entity is organized under the laws of the state of Delaware and located iri California. CRMC is part of the The Capital Group Companies, Inc. which is also headquartered in California. Longview Asset Management, LLC: Longview's business offices are located in Chicago, I1linois and it is organized under the laws of the state of Delaware. According to the 2014 proxy statement, Longview Asset Management manages substantially all of the Common Stock held by a number of persons and entities, including James S. Crown, and Mr. Crown's family, relatives, certain family partnerships, and trusts associated with the Crown family (collectively, the "Crown Group"). Mr. Crown is an American businessman who resides in Chicago. James A. Star is the president of Longview and H. Debra Levin, as the sole trustee of the Edward Memorial Trust, is the managing member of Longview, and accordingly may be deemed the beneficial owner of the Common Stock. Mr. Star and Ms. Levin also reside in Chicago. Evercore Trust Company, N.A.: Evercore Trust Company, N.A. is located in New York, New York and is a national bank that is chartered, regulated and supervised by the Office of Comptroller of the Currency (an independent bureau within the United States _ Department of Treasury). Evercore Trust Company, N.A. is a subsidiary of Evercore Partners, Inc. which is domestic company publicly traded on the New York Stock Exchange. According to Evercore Partners 2014 Proxy Statement no one holds 10% or more of the outstanding interest in the company. Evercore Trust Company is beneficial owner of the General Dynamics shares solely in its capacity as independent fiduciary and

SPH-2129373-3Supplement 1 to Application of Jet Aviation Flight Services

Exhibit D - 2 investment manager for the assets of the General Dynamics Stock Fund under the General Dynamics Corporation 401(k) Plan Master Trust. The Vanguard Group: According to its most recent Schedule 13G, dated February 6, 2014, Vanguard is an investment advisor organized under the laws of and located in Pennsylvania and. According to Vanguard's website, The Vanguard Group 

### is owned by its mutual funds, therefore the multitudes of investors in Vanguard's mutual funds are the beneficial owners of Vanguard.

SPH-2129373-3Supplement 1 to the Application of Jet Aviation Flight Services

Exhibit E — Page 1 Exhibit E Updated JAFS Organization Chart See Exhibit E— Page 2

SPH-2129373-3

### Supplement 

### I to the Application of Jet Aviation Flight Services

Exhibit 

### E — Page 2

II

ga

~ tli IL 

# E lE

ri



# t 5. CrL 0

- 

## n

t'l ~~ 3 = " C, (D



### cn

W
fj

SPH-2129373-3Supplement 1 to the Application of Jet Aviation Flight Services

Exhibit F

Exhibit F Certification

Certification

. The contents of this application and the attached exhibit(s) are true and correct to the best of my knowledge and belief

,

'Pursuant to Title '18 United States Code Section 1001, I Gary L. Dempsey, in my iridividual capacity and as the authorized representative of'the applieant; have not in any tnanner knowingly and willfully falsified, concealed or

, failed to disclose anyinaterial fact or made any false; fietitious, or fraudiulent staterrient or knowingly used any documents which contain such statements in connection with the preparation, filing or prosecution of the application. I understand thatan 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. .

Nalti.e; Gary 1. ;l?eitIpsey



## ~ Title:l're.siderit: Date:

SPH-2129373-3