BEFORE THE 

DEPARTMENT OF TRANSPORTATION

WASHINGTON, D.C.

Application of )

)

COMPASS AIRLINES, LLC )

) Docket No. OST-2014-0178

for amendment of authority of the )

Certificate of Public Convenience and )

Necessity issued under 49 U.S.C. )

41102 to engage in air transportation )

)

SUPPLEMENT NO. 1 TO

APPLICATION OF COMPASS AIRLINES, LLC

FOR AMENDED AUTHORITY

Communication with respect to this document should be addressed to:

David J.A. Hayes III, Esq. Lisa A. Harig

Vice President & General Counsel McBreen & Kopko

Trans States Holdings, Inc. 1501 Lee Highway, Suite 180

11495 Navaid Road Arlington, Virginia 22209

Bridgeton, Missouri 63044 (703) 247-5487

LHarig@mklawdc.com

Counsel for Compass Airlines, LLC

Dated: January 12, 2015
2

BEFORE THE 

DEPARTMENT OF TRANSPORTATION

WASHINGTON, D.C.

Application of )

)

COMPASS AIRLINES, LLC )

) Docket No. OST-2014-0178

for amendment of authority of the )

Certificate of Public Convenience and )

Necessity issued under 49 U.S.C. )

41102 to engage in air transportation )

)

Dated: January 12, 2015

SUPPLEMENT NO. 1 TO

APPLICATION OF COMPASS AIRLINES LLC

FOR AMENDED AUTHORITY

Compass Airlines, LLC (“Compass”) hereby files this Supplement No. 1 to its 

Application for amendment of authority of its Certificate of Public Convenience and Necessity. 

Compass is submitting the following attached exhibits pursuant to the Department’s letter dated 

January 8, 2015 which addressed Compass’s Motion for Confidential Treatment Pursuant to 

Rule 12 dated October 9, 2014: 

• Exhibit 1;

• Exhibit 2 (Redacted); and

• Exhibit 3.

Respectfully Submitted,

______________________

Lisa A. Harig

Counsel for Compass Airlines, LLC
3

CERTIFICATE OF SERVICE

I hereby certify that a copy of the foregoing document was served this 12th day of 

January, 2015 via electronic mail to the parties listed below:

Laura Remo laura.remo@dot.gov

Vanessa Balgobin vanessa.balgobin@dot.gov

__________________________

Lisa A. Harig
UNAUDITED 9/26/2014 

COMPASS AIRLINES, LLC

(A Wholly Owned Subsidiary of Trans States Holdings)

Balance Sheet

 August 31, 2014

Assets

Current assets:

Cash and cash equivalents $ 14,670,234 

Cash Investments (1,550,000 restricted) 5,550,000 

Accounts receivable 7,838,082 

Accounts receivable - related parties 182,389 

Expendable parts and supplies 6,238,641 

Prepaid expenses and other current assets 523,437 

Total current assets 35,002,783 

Property and equipment, net 9,800,709 

Other assets 989,675 

Intangible asset, net 3,002,602 

Total assets $ 48,795,769 

Liabilities and Stockholder’s Equity

Current liabilities:

Accounts payable $ 4,518,715 

Accounts payable - related parties 1,460,550 

Accrued expenses and other liabilities 8,386,536 

Total Liabilities 14,365,801 

Members' equity

Member's equity 34,429,968 

Total liabilities and members' equity $ 48,795,769 
UNAUDITED 9/26/2014

COMPASS AIRLINES, LLC

(A Wholly Owned Subsidiary of Trans States Holdings)

Projected Statement of Operaitons

Statement of Operations

Twelve months ending September 30, 2014

(000's)

Operating revenues:

Passenger $ 143,571 

Other 154 

Total operating revenues 143,725 

Operating expenses:

Wages and benefits 65,455 

Aircraft fuel 728 

Aircraft / engine rent 435 

Maintenance and repair 38,126 

Insurance and taxes 8,253 

Depreciation 1,690 

Other 24,135 

Total operating expenses 138,822 

Operating profit 4,903 

Non-operating income (expense):

Interest income 14 

Other income 2,399 

Total non-operating income (expenses) 2,413 

Net income 7,316 
UNAUDITED 9/26/2014

COMPASS AIRLINES, LLC

(A Wholly Owned Subsidiary of Trans States Holdings)

Projected Statement of Operaitons

Statement of Operations

Twelve months ending September 30, 2015

NO GROWTH GROWTH

Current 42 A/C 42 + 20 A/C

(000's) (000's)

Operating revenues:

Passenger 

Other 

Total operating revenues 

Operating expenses:

Wages and benefits 

Aircraft fuel 

Aircraft / engine rent 

Maintenance and repair 

Insurance and taxes 

Depreciation 4 

Other 

Total operating expenses 

Operating profit 

Non-operating income (expense):

Interest income 

Other income 

Total non-operating income (expenses) 

Net income