BEFORE THE 

DEPARTMENT OF TRANSPORTATION 

OFFICE OF THE SECRETARY 

WASHINGTON, D.C. 

 

Docket OST-2010-_______ 

APPLICATION OF 

Jet-A, LLC 

Communications with respect to this document should be sent to: 

Michael Origel 

AirlineCert, LLC 

3812 Sepulveda Blvd Suite 410 

Torrance, CA 90505 

(310) 375-7702 phone 

(310) 375-7713 fax 

Email: mike@airlinecert.com

 

Dated: April 20, 2010 

Jet-A, LLC 

NOTICE: Any person who wishes to support or oppose this application must file an answer by 

______________, 2010 and serve that answer on all persons served in this application. 

Application of 

Jet-A, LLC 

for a certificate of public convenience and necessity under 

49 U.S.C. 41102 to engage in interstate charter air 

transportation 
BEFORE THE 

DEPARTMENT OF TRANSPORTATION 

OFFICE OF THE SECRETARY 

WASHINGTON, D.C. 

 

Docket OST-2010-_______ 

APPLICATION OF 

Jet-A, LLC 

Jet-A, LLC (“Jet-A”) submits this application for a certificate of public 

convenience and necessity authorizing interstate charter air transportation pursuant to 49 

U.S.C. § 41102. 

In support of its application, Jet-A states the following: 

1. Jet-A, LLC is a limited liability company organized on June 14, 2007 under 

the laws of the State of New Jersey. Its principal office is located at 600 Hayden Circle, 

Allentown, PA 18109. Jet-A’s telephone number is (877) 672-6767, and its facsimile 

number is (877) 662-6767. 

2. Jet-A, LLC is currently engaged in providing on-demand, single-entity 

charter service in small aircraft (as defined in 14 C.F.R. § 298.2) pursuant to 14 C.F.R. Part 

135. Jet-A, LLC currently holds an On-Demand Air Carrier Certificate and is a registered 

Air Taxi Operator under Part 298 of the Department’s rules. 

3. Jet A, LLC requests authority to engage in interstate charter air 

transportation of persons, property, and mail in large aircraft so that Jet-A, LLC may 

provide on-demand, single-entity charter service using executive configured Boeing 737 

Application of 

Jet-A, LLC 

for a certificate of public convenience and necessity under 

49 U.S.C. 41102 to engage in interstate charter air 

transportation 
aircraft. Jet-A, LLC has carefully studied the market for on-demand services in executiveconfigured jet aircraft similar in size to the Boeing 737. Jet-A, LLC has concluded that his 

market is not adequately served by other operators. Jet-A, LLC has received numerous 

expressions of interest in such services from potential customers. 

4. Jet-A, LLC requests authority to engage in interstate charter air 

transportation of persons, property, and mail. Jet-A, LLC has provided the fitness 

information required by Section 204.3 of the Department’s Economic Regulations in 

Exhibits 1 through 13 to this application. 

5. As demonstrated in those exhibits, Jet-A, LLC is a citizen of the United 

States as defined in 49 U.S.C. § 40102(a)(15). Its key management personnel have 

significant experience in the aviation industry, are well qualified to provide interstate 

charter air transportation in the Boeing 737, and are disposed to complying with all 

relevant laws affecting Jet-A, LLC’s proposed operations. In addition, Jet-A, LLC has 

sufficient financial resources to begin operations without posing an undue risk to Jet-A, 

LLC potential customers and passengers. 

6. Granting the certificate authority requested by Jet-A, LLC will not result in 

a near-term net annual change in aircraft fuel consumption of 10 million gallons or more. 

Thus, approval of this application will not constitute a major regulatory action, or require 

an energy statement, under Part 313 of the Department’s Procedural Regulations. 

7. Jet-A, LLC requests that this application be processed under the non-hearing 

procedures prescribed by Subchapter B of the Department’s Rules of Practice, and that the 

Department’s final decision be issued as expeditiously as possible. The requested authority 

is limited in scope and non-controversial. The evidence submitted in this application 

clearly establishes that Jet-A, LLC is fit, willing and able to provide interstate charter air 
transportation of persons, property and mail. Thus, Jet-A, LLC submits that this 

application presents no issues of material fact, or other complex issues of law or policy, for 

which an oral evidentiary hearing would be necessary or appropriate. Use of non-hearing 

procedures will also serve the public interest by making the most efficient use of the 

Department’s staff and resources. 

WHEREFORE, Jet-A, LLC respectfully requests that the Department grant it a 

certificate of public convenience and necessity authorizing it to provide interstate charter air 

transportation of passengers, property and mail in 

large aircraft. 

Dated: May 6, 2010 

Respectfully submitted, 

___________________________ 

Michael Origel 

AirlineCert, LLC 

3812 Sepulveda Blvd Suite 410 

Torrance, CA 90505 

(310) 375-7702 phone 

(310) 375-7713 fax 

Email: mike@airlinecert.com
Index of Exhibits 

Title Exhibit Number

Fitness Information Required by 14 C.F.R. § 204.3 Exhibit 1 

Certificate of Good Standing Exhibit 2 

Affidavit of Citizenship Exhibit 3 

Key Personnel Structure Chart Exhibit 4 

Responsibilities of Key Personnel Exhibit 5 

Resumes of Key Personnel Exhibit 6 

Key Personnel Questionnaires Exhibit 7 

Fleet Information Exhibit 8 

Copy of Lease and Management Agreements Exhibit 9 

Affidavit of Safety Compliance Exhibit 10 

Historical Financial Information Exhibit 11 

Forecast Financial Information Exhibit 12 

18 U.S.C. § 1001 Certification Exhibit 13 

Narrative History of Jet-A, LLC Exhibit 14 

Additional Information Request: 

Appendix 1 Resumes 

Appendix 2 Third Party Line of Credit 
Exhibit 1, Page 1 of 8 

Exhibit 1 

Fitness Information Required by 14 C.F.R. § 204.3 

204.3(a) – The name, address, and telephone number of the applicant. 

Jet-A, LLC 

600 Hayden Circle 

Allentown, PA 18109 

(877) 672- 6767 

204.3(b) – The form of the applicant's organization. 

204.3(c) – The State law(s) under which the applicant is organized. 

204.3(d) – If the applicant is a corporation, a statement provided by the Office of the Secretary of 

State, or other agent of the State in which the applicant is incorporated, certifying that the 

application corporation is in good standing. 

Jet-A, LLC is a limited liability company organized under the laws of the State of New Jersey. A 

copy of the Certificate of Good Standing issued by the Office of the Secretary of State of the 

State of New Jersey on June 14, 2007, is contained in Exhibit 2. 

204.3(e) – A sworn affidavit stating that the applicant is a citizen of the United States. 

The sworn affidavit of citizenship is contained in Exhibit 3. 

204.3(f) – The identity of the key personnel who would be employed by the applicant, including: 

(1) Their names and addresses; (2) The experience, expertise, and responsibilities of each; (3) 

The number of shares of the applicant's voting stock held by each and the percentage of the total 

number of such shares issued and outstanding, and the citizenship and principal business of any 

person for whose account, if other than the holder, such interest is held; (4) The citizenship of 

each; and (5) A description of the officerships, directorships, shares of stock (if 10 percent or 

more of total voting stock outstanding), and other interests each holds or has held in any air 

carrier, foreign air carrier, common carrier, person substantially engaged in the business of 

aeronautics or persons whose principal business (in purpose or fact) is the holding of stock in or 

control of any air carrier, common carrier or person substantially engaged in the business of 

aeronautics. 

The following individuals have been identified by Jet-A, LLC as Key Personnel: 
Exhibit 1, Page 2 of 8 

Title Name Address Percentage of 

Total 

Membership 

Interest3 

Citizenship 

Managing Director / 

Founding Partner 

Ronald A. Boros PO Box 601441 

San Diego, CA 92160 

0% USA 

Owner Shearson International 

Corp. 

PO Box 601441 

San Diego, CA 92160 

50% USA 

President/ Founding 

Partner 

Robert J. Hariri 341 Mendham Road 

Bernardsville, NJ 07924 

50% USA 

Director of 

Operations 

Ronald A. Boros PO Box 601441 

San Diego, CA 92160 

0% USA 

Director of 

Maintenance 

Jeffrey Barnes 1894 Bent Pine Hill 

Fogelsville, PA 18051 

0% USA 

Chief Inspector Gerald E. Sykes 13 Brooklyn Road 

Pomfret Center, CT 06259 

0% USA 

Chief Pilot Albert Murrer IV 105 Forrest Drive 

Sinking Spring, PA 18608 

0% USA 

Charter Coordinator Daniel Baseheart 5076 S. Rainbow Blvd. 

Unit 204 

Las Vegas, NV 89118 

0% USA 

The structure chart for the key personnel at Jet-A, LLC, which is an excerpt from its Company 

Operations Manual, is contained in Exhibit 4. The descriptions of the responsibilities of the Key 

Personnel are contained in Exhibit 5. The experience and expertise of the Key Personnel are 

contained in their respective resumes, which are contained in Exhibit 6. Certifications from the 

individual Key Personnel regarding ownership of entities engaged in the business of aeronautics 

are contained in Exhibit 7. 

Based on its operational needs Jet-A, LLC has listed the individuals below in its Operations 

Specification paragraph A006. These individuals meet the requirements of 14 C.F.R. §§ 119.65 

and 119.67 and have been approved by the FAA. A copy of Jet-A, LLC’s Operations 

Specification paragraph A006 is included in Exhibit 4. 

Director of Operations Ronald A Boros 

Chief Pilot – Albert Murrer 

Director of Maintenance – Jeffrey Barnes 

1

All individuals listed in this chart are employed on a full time basis with Jet-A, LLC. 2

 These are the home addresses of the Key Personnel as listed on their FAA certificates, as applicable. 3

 As a limited liability company Jet-A, LLC does not have stock. The units of ownership are referred to as 

“membership interests.”3

 Per the Jet-A, Operating Agreement the membership interests are owned as outlined above, 

and the members hold all voting rights. 
Exhibit 1, Page 3 of 8 

204.3(g) – A list of all persons having a substantial interest in the applicant. Such list shall 

include: (1) Each person's name, address and citizenship; (2) The number of shares of the 

applicant's voting stock held by each such person and the corresponding percentage of the total 

number of such shares issued and outstanding, and the citizenship and principal business of any 

person for whose account, if other than the holder, such interest is held; 

Jet-A, LLC, is a privately held limited liability company. There are two members: Shearson 

International Corporation and Robert Hariri. Each holding 50% interest Together they own 

100% of the membership interests and control 100% of the voting rights of Jet-A, LLC. 

_________________ and are the managers of Jet-A, LLC. 

204.3(g)(3) If any two or more persons holding a substantial interest in the applicant are related 

by blood or marriage, such relationship(s) shall be included in the list; and 

NONE 

204.3(g)(4) If any person or subsidiary of a person having a substantial interest in the applicant 

is or has ever been (i) An air carrier, a foreign air carrier, a common carrier, or 

(ii) Substantially engaged in the business of aeronautics, or (iii) An officer or director of any 

such entity, or (iv) A holder of 10 percent or more of total outstanding voting stock of any such 

entity, the list shall describe such relationship(s). 

None, except ownership in, and offices held by Jet-A, LLC with respect to, entities which have 

held Air Carrier Certificate XQJA013M, which is currently held by Jet-A, LLC. 

204.3(h) – A list of the applicant's subsidiaries, if any, including a description of each 

subsidiary's principal business and relationship to the applicant. 

Jet-A, LLC does not have any subsidiaries. 

204.3(i) – A list of the applicant's shares of stock in, or control of, any air carrier, foreign air 

carrier, common carrier, or person substantially engaged in the business of aeronautics. 

Jet-A, LLC does not own any shares of stock or membership interests in, and does not control 

any other entities. 
Exhibit 1, Page 4 of 8

204.3(j) – To the extent any relevant corporation has been engaged in any business prior to the 

filing of the application, each applicant shall provide: (1) Copies of the 10K Annual Reports filed 

in the past 3 years by any relevant corporation required to file such reports with the Securities 

and Exchange Commission, and (2) Copies of recently filed 10Q Quarterly Reports, as 

necessary, in order to show the financial condition and results of operations of the enterprise 

current to within 3 months of the date of the filing of the application. 

Jet-A, LLC is a privately held limited liability company and therefore is not required to file 10Q 

or 10K reports. 

204.3(k) – If 10K Reports are not filed with the Securities and Exchange Commission, the following, 

for the 3 most recent calendar or fiscal years, reflecting the financial condition and results of 

operations of the enterprise current to within 3 months of the date of the filing of the application: (1) 

The Balance Sheet of each relevant corporation; (2) The Income Statement of each relevant 

corporation; (3) All footnotes applicable to the financial statements, including: (i) A statement as to 

whether the documents were prepared in accordance with Generally Accepted Accounting Principles, 

and (ii) A description of the significant accounting policies of each relevant corporation, such as for 

depreciation, amortization of intangibles, overhauls, unearned revenues, and cost capitalization; (4) A 

statement of significant events occurring subsequent to the most recent Balance Sheet date for each 

relevant corporation; and (5) A statement identifying the person who has prepared the financial 

statements, his or her accounting qualifications, and any affiliation he or she has with the applicant. 

This information is contained in Exhibit 11. 

204.3(l) – A list of all actions and outstanding judgments for more than $5,000 against any relevant 

corporation, key personnel employed (or to be employed) by any relevant corporation, or person 

having a substantial interest in any relevant corporation, including the amount of each judgment, the 

party to whom it is payable, and how long it has been outstanding. 

There is no pending litigation. 
Exhibit 1, Page 5 of 8

204.3(m) – The number of actions and outstanding judgments of less than $5,000 against each 

relevant corporation, key personnel employed (or to be employed) by any relevant corporation, 

or person having a substantial interest in any relevant corporation, and the total amount owed by 

each on such judgments. 

There are no pending actions or outstanding judgments of less than $5,000 against any relevant 

corporation, key personnel, or person having a substantial interest in any relevant corporation. 

204.3(n) – A description of the applicant's fleet of aircraft, including: (1) The number of each 

type of aircraft owned, leased and to be purchased or leased; (2) Applicant's plans, including 

financing plans, for the purchase or lease of additional aircraft; and (3) A sworn affidavit stating 

that each aircraft owned or leased has been certified by the FAA and currently complies with all 

FAA safety standards. 

A description of the current Jet-A, LLC fleet is contained in Exhibit 8. The sworn affidavit is 

contained in Exhibit 10. A copy of the Lease Agreement and Aircraft Management Agreement 

for the Boeing 737 between Jet-A, LLC and IDM Corporate Aviation Services, LLC is contained 

in Exhibit 9. 

204.3(o) – A description of the current status of all pending investigations, enforcement actions, 

and formal complaints filed by the Department, including the FAA, involving the applicant or 

any relevant corporation, any personnel employed (or to be employed) by any relevant 

corporation or person having a substantial interest in any relevant corporation, regarding 

compliance with the Statute or orders, rules, regulations, or requirements issued pursuant to the 

Statute, and any corrective actions taken. (If an applicant has a compliance history that warrants 

it, additional information may be required.) 

There are no pending investigations, enforcement actions, or formal complaints filed by the 

Department against Jet-A, LLC or any of its key personnel. 
Exhibit 1, Page 6 of 8

204.3(p) – A description of all charges of unfair or deceptive or anticompetitive business practices, or 

of fraud, felony or antitrust violation, brought against any relevant corporation or person having a 

substantial interest in any relevant corporation, or member of the key personnel employed (or to be 

employed) by any relevant corporation in the past 10 years. Such descriptions shall include the 

disposition or current status of each such proceeding. 

There are no charges of unfair or deceptive or anticompetitive business practices, or of fraud, 

felony or antitrust violation, which have been brought against Jet-A, LLC or any of its key 

personnel. 

204.3(q) – A description of any aircraft accidents or incidents (as defined in the National 

Transportation Safety Board Regulations, 49 CFR 830.2) experienced by the applicant, its personnel, 

or any relevant corporation, which occurred either during the year preceding the date of application 

or at any time in the past and which remain under investigation by the FAA, the NTSB, or by the 

company itself, including: (1) The date of the occurrence; (2) The type of flight; (3) The number of 

passengers and crew on board and an enumeration of any injuries or fatalities; (4) A description of 

any damage to the aircraft; (5) The FAA and NTSB file numbers and the status of the investigations, 

including any enforcement actions initiated against the carrier or any of its personnel; and 

(6) Positive actions taken to prevent recurrence. (If an applicant's history of accidents or incidents 

warrants it, additional information may be required.) 

Neither Jet-A, LLC nor any of its key personnel have been involved in an accident or incident in 

the one year period preceding the date of the application, or in the past where the accident or 

incident is still under investigation by the FAA, NTSB or Jet-A, LLC. 

204.3(r) – A brief narrative history of the applicant. 

The narrative history of Jet-A, LLC is contained in Exhibit 14. 

204.3(s) – A description of all Federal, State and foreign authority under which the applicant has 

conducted or is conducting transportation operations, and the identify of the local FAA office and 

personnel responsible for processing an application for any additional FAA authority needed to 

conduct the proposed operations. 

Jet-A, LLC currently holds a Part 135 On Demand Air Carrier Certificate number XQJA013M, 

and is a registered Air Taxi Operator under Part 298 of the Department’s rules. Jet-A, LLC has 

not completed the necessary regulatory requirements to add the Boeing 737 to its Operations 

Specifications, however it is in process. A copy of the current Operations Specification D085 is 

attached as Exhibit 8. 
Exhibit 1, Page 7 of 8

The Certificate Holding District Office for Jet-A, LLC is: 

Allentown Flight Standards District Office 

Federal Aviation Administration 

961 Marcon Blvd. Suite 111 

Allentown, Pennsylvania 18109 

The Principal Operations Inspector for Jet-A, LLC is: 

Robert Ference 

Aviation Safety Inspector 

Allentown Flight Standards District Office 

Federal Aviation Administration 

961 Marcon Blvd. Suite 111 

Allentown, Pennsylvania 18109 

Phone: 610-264-2888 ext. 234 

 

204.3(t) – A description of the service to be operated if the application is granted, including: (1) A 

forecast Balance Sheet for the first normal year ending after the initially proposed operations have 

been incorporated, along with the assumptions underlying the accounts and amounts shown; and (2) 

A forecast Income Statement, broken down by quarters, for the first year ending after the initially 

proposed operations are normalized, and an itemization of all pre-operating and start-up costs 

associated with the initiation of the proposed service. Such Income Statement shall include estimated 

revenue block hours (or airborne hours, for charter operators) and revenue miles by type of aircraft, 

number of passengers and number of tons of mail and cargo to be carried, transport revenues and an 

estimate of the traffic which would be generated in each market receiving the proposed service. Such 

statements shall also include a statement as to whether the statements were prepared on the accrual or 

cash basis, an explanation of how the estimated costs and revenues were developed, a description of 

the manner in which costs and revenues are allocated, how the underlying traffic forecasts were 

made, and what load factor has been assumed for the average and peak month. Pre-operating and 

start-up costs should include, but are not limited to, the following: Obtaining necessary government 

approval; establishing stations; introductory advertising; aircraft, equipment and space facility 

deposits and rent; training; and salaries earned prior to start-up. 

This information is contained in Exhibit 12. 
Exhibit 1, Page 8 of 8 

204.3(u) – A signed counterpart of Agreement 18900 (OST Form 4523) as required by 

part 203 of this chapter. 

OST Form 4523 is being filed concurrently herewith in Docket DOT-OST-1995-236 (Docket 

17325). 

204.3(v) – 18 USC § 1001 Certification 

The signed certification is contained in Exhibit 13. 

Family Assistance Plan 

The Family Assistance Plan required pursuant to 49 USC § 41113 is being filed 

concurrently herewith in Docket DOT-OST-1996-1960. 

Passenger Manifest Statement

The Passenger Manifest Statement required pursuant to 14 CFR § 243.13 is being filed 

concurrently herewith in Docket DOT-OST-1998-3305. 
Exhibit 2, Page 1 of 1 

Exhibit 2 

Certificate of Good Standing 

 


Exhibit 4, Page 1 of 2 

Exhibit 4 

Key Personnel Structure Chart

Exhibit 5, Page 1 of 6 

Exhibit 5 

Responsibilities of Key Personnel 

DUTIES, RESPONSIBILITIES and AUTHORITIES 

Managing Director 

The Managing Director is responsible for the selection and employment of all 

employees of this company. He is responsible for the appointment of qualified staff 

members and for ensuring that each employee is properly instructed to perform his or 

her duties and responsibilities. He is responsible for the overall safety and efficiency of 

company operations. The Managing Director has the authority to establish and change 

company policy as necessary in accordance with this manual. He may delegate 

functions to other personnel, but retains responsibility. He also must be highly 

knowledgeable of the entire content of the Operations Manual, Operations 

Specifications and all Federal Aviation Regulations pertaining to the company operation. 
Exhibit 5, Page 2 of 6 

Director of Operations 

The Director of Operations is directly responsible to the Managing Director and he supervises 

the Chief Pilot, Charter Coordinator, and other Flight department employees. The Director of 

Operations has the authority to act in the assigned area of responsibility in accordance with this 

manual. 

Specific duties, responsibilities and authority are as follow: 

1. Maintain Master copy of the Operations Manual. 

2. Supervises the distribution and posting of all information relative to any changes affecting 

company policy, route information, airport nav – aids, NOTAMS, aeronautical charts, 

checklists, etc. 

3. Ensures that all flight operations are conducted safely and in compliance with all Federal 

Aviation Regulations, Operations Specifications, and Company policies including the 

tracking and location of company aircraft and all times. Refer Section L 

4. Has authority to act for Jet-A, including the signing of FAA correspondence and operations 

specification sections A, B, C. 

5. Communicates with the FAA Flight Standards District Office and the National 

Transportation Safety Board. Files all required reports and documents. 

6. Devises revisions to this manual as needed, submits the proposed revisions to the FSDO, 

receives confirmation from the FSDO that the revisions are acceptable, and then distributes 

those revisions to all manual holders. 

7. Schedules aircraft availability, including scheduling the aircraft for required inspections. 

8. Coordinates with the Director of Maintenance the timely correction of mechanical 

irregularities and discrepancies. 

9. Obtains the necessary flight permits and diplomatic clearances prior to the departure for all 

flights into or over foreign countries listed in the Operations Specifications. 

10. He may delegate functions to other personnel, but retains responsibility. He also must be 

highly knowledgeable of the entire content of the Operations Manual, Operations 

Specifications and all Federal Aviation Regulations pertaining to the company operation. 

In the absence of the Director of Operations, the Chief Pilot will assume the duties of the 

Director of Operations. 
Exhibit 5, Page 3 of 6 

Chief Pilot 

The Chief Pilot has the authority to act in the assigned area of responsibility in accordance with 

this manual. Specific duties, responsibilities and authority are as follow: 

1. Reports to the Director of Operations. 

2. Supervises flight crew personnel. 

3. Conducts or supervises all training activities of flight crew personnel and is responsible for 

all company training programs. 

4. Has authority to act for Jet-A, including the signing of FAA correspondence and operations 

specification sections A, B, C. 

5. Advises the Director of Operations regarding the training of flight crew personnel. 

6. Assists the Director of Operations in formulating operations policies, coordinates those 

policies, and coordinates operations and training. 

7. Ensures that all aircraft are properly equipped for applicable operations. 

8. Disseminates information to all crewmembers pertaining to routes, airports, NOTAMS, 

NAVAIDS, company policies, and regulations. 

9. Maintains proficiency as Pilot-in-Command. 

10. Schedules flight crewmembers, including assigning Pilot-in-Command duties. 

11. Prepares and maintains proficiency records, pilot files, flight schedules, duty time records, 

reports, and correspondence pertaining to flight operations activities. 

12. Submits all reports regarding flight personnel to the Director of Operations. 

13. Keeps the aircraft copies of this Operations Manual current. 

14. Ensures that all flight crew personnel are certified and supervised according to the 

requirements specified in the Federal Aviation Regulations. 

15. He may delegate functions to other personnel, but retains responsibility. He also must be 

highly knowledgeable of the entire content of the Operations Manual, Operations 

Specifications, Flight Manuals and all Federal Aviation Regulations pertaining to the 

company operation. 

16. In the absence of the Chief Pilot, the Director of Operations or the Assistant Chief Pilot will 

assume the duties of the Chief Pilot. 

17. Ensures Aircraft checklists are current on aircraft. 
Exhibit 5, Page 4 of 6 

Charter Coordinator 

Specific duties are as follows: 

1. Reports to the Director of Operations. 

2. Informs the Director of Operations as to the location of all company aircraft. 

3. Is responsible for the booking of passenger reservations and requests including catering, 

hotel, ground transportation, and other ground requirements in assisting the PIC. 

4. He is responsible for getting all pertinent information to the flight crew regarding passenger 

requests and needs. 

5. Invoices all flights. 

6. He will assist the Chief Pilot in the scheduling of flight crew. 

7. He must be thoroughly familiar with the content of the Operations Manual, Operations 

Specifications, and Federal Aviation Regulations pertaining to his / her duties. 
Exhibit 5, Page 5 of 6 

Director of Maintenance

The Director of Maintenance has the authority to act in the assigned area of responsibility in 

accordance with this manual. Specific duties, responsibilities and authority are as follow: 

1. Reports to the Managing Director. 

2. Is responsible for all maintenance and inspection personnel and signing of Part D & E of the 

Operations Specifications. 

3. Ensures that company aircraft are maintained in an airworthy condition. 

4. Ensures that all inspections, repairs, and component changes are accomplished in accordance 

with manufacturers or FAA approved procedures. 

5. Ensures compliance with maintenance procedures, airworthiness directives, service bulletins, 

service letters, and applicable Federal Aviation Regulations. 

6. Ensures all maintenance technicians are trained and current on the types of aircraft for which 

approved and assigns their duties and responsibilities as necessary. 

7. Ensures that all maintenance technicians are certified and supervised according to the 

requirements specified in the Federal Aviation Regulations and are participating in an 

approved Drug Testing Program. 

8. Coordinates with maintenance contracting agencies when maintenance activities are being 

performed on company aircraft. 

9. Provides the Director of Operations with the current airworthiness status of the aircraft and 

the forecast down times to facilitate maintenance scheduling and insure timely deferral or 

correction of aircraft discrepancies. 

10. Maintains a close liaison with manufacturer's representatives, parts supply houses, repair 

facilities and the FAA. 

11. Makes available to maintenance personnel the necessary overhaul manuals, service bulletins, 

service letters, airworthiness directives, applicable sections of this manual, and any other 

required technical data. 

12. Maintains all necessary work records and logbooks, including certification in the aircraft 

permanent maintenance records that the aircraft is approved for return to service. 

13. Maintains the weight and balance records for all aircraft. 

14. Completes the required MRR and MIS reports and submits them to the Director of 

Operations for forwarding to the FAA. 

15. Responsible for overseeing the MEL programs for company aircraft. 
Exhibit 5, Page 6 of 6 

Chief Inspector 

The Chief Inspector has the authority to act in the assigned area of responsibility in accordance 

with this manual. Specific duties, responsibilities and authority are as follow: 

1. Reports to the Director of Maintenance. 

2. Monitors workmanship and materials to verify that applicable company policies and Federal 

Aviation Regulations and standards are complied with. 

3. Coordinates with the Federal Aviation Administration (FAA) and obtains FAA approval for 

the company Operations Specifications which authorizes the maintenance and overhaul 

programs. 

4. Conducts surveillance and monitors the proper accomplishment of the approved maintenance 

programs. 

5. The Chief Inspector may delegate duties but remains responsible for those duties delegated. 

6. Provides, develops and operates a records system. 

7. Monitors proper completion and preservation of required and related records. 

8. Conducts periodic inspections of Parts Department and Tool and Test Equipment to ensure 

compliance with regulations and company standards and takes action when required. 

9. Develops necessary data for making a required analysis for time escalations of aircraft, 

engines and components overhaul and inspection periods. 

10. Maintains training files for all maintenance and inspection personnel. 

11. Authorizes and issues Special Flight (Ferry) Permits. 

12. Monitors FAR’s and Orders for applicability to Jet-A, LLC aircraft. 

13. Establishes and maintains a technical library. 

14. Develops work cards for inspection or maintenance and modification work. 

15. Provides receiving inspection training to stores’ personnel for receiving parts. 

16. Issues RII Authorization to qualified technicians. 

17. Assumes responsibility for the maintenance inspection of all FAR Part 135 company 

operated aircraft. 

18. Conducts surveillance and analysis of aircraft, engines and components data to determine 

reliability status. 

19. Conducts routine surveillance of aircraft discrepancies, mechanical delays and other 

operational data to identify aircraft and component’s pattern problem areas. 

20. Prepares and controls MRR and MIS reports to the FAA. 

21. Assists the Managing Director and Director of Operations in responding to FAA 

Correspondence and Investigations of operational incidents. 

22. Represents Company in FAA liaison activities as directed. 
Exhibit 6 Page 1 of 3 

Director of Operations 135 Resume Date: 01.03.09

135Cert, LLC ©2004-2009 

Jet-A 

The Information provided complies with the previsions of FAR 119.71for the position of Director of 

Operations. 

Compliance with 119.71 (c) 

Flight Experience 

Aircraft Flown Hours Jet Time 9050 

B747 / B737 1550 Total PIC 8000 

CL60 / CL64 6800 Instrument Time 

Total Time 10,600 Night Time 

Work Experience 

From –To Company Certificate Number 

(Charter Company) Position 

6/07 – Present Jet-A, LLC XQJA013M Director of Operations

1999 – 2007 Shearson Aviation N/A Captain 

1997 – 1999 Air Canada Flight Officer 2 

1996 – 1998 Bombardier N/A Demo / Test Pilot 

2000 – 2001 Alaska Airlines First Officer 

Airman’s Information 

Name: Ronald A. Boros Certificate Number 2406774 

Address: PO Box 601441 Type ATP 

City, State, Zip San Diego, CA 92160 Date Received 

Phone: 877-672-6767 Type Ratings CL64/CL60 

Cell: 619-855-0444 Medical Type First 

Fax: 619-330-2289 Medical Date 10/2010 
Chief Pilot 135 Resume Date: 01.03.09 

135Cert, LLC ©2004-2009 

Jet-A, LLC 

The Information provided complies with the previsions of FAR 119.71(c)(1) for the position of Chief 

Pilot. 

Compliance with 119.71 (c) 

Flight Experience 

Aircraft Flown Hours Jet Time 4000 

DC10/A320 3000 Total PIC 4380 

CL60 700 Instrument Time 1200 

Total Time 8325 Night Time 3500 

Work Experience 

From –To Company Certificate Number 

(Charter Company) Position 

12/08 – Present Jet-A, LLC XQJA013M Chief Pilot 

7/08 – 04/10 Cameron Henkind – 

Gen Av. Flying Svc, Inc 

IMJA053F Captain 

04/99 – Present Quest Diagnostic N/A Captain 

01/08 – 07/08 Virgin America VQIA199L First Officer 

03/05 – 01/08 Omni Air Int’l. CNMA334B Captain 

Airman’s Information 

Name: Albert Murrer IV Certificate Number 142887683 

Address: 105 Forrest Drive Type ATP 

City, State, 

Zip 

Sinking Spring, PA 19608 Date Received 09/05/08 

Phone: Type Ratings DC10/A320/CL60

Cell: (770) 316 4986 Medical Type First 

Fax: Medical Date 01/30/10 
Jet-A, LLC 

Objective: To serve as the Director of Maintenance for Jet-A 

Mechanics Information 

Name: Jeffrey D. Barnes Certificate Information A&P / CPL 

Address: 1894 Bent Pine Hill Type B737 

City, State, Zip Fogelsville, PA 18051 Date Received 08/01/07 

Phone: (877) 672 6767 EXT 2 

Cell: (610) 751 0237 

Fax: (877) 772 6767 

Compliance with 119.71 

Aircraft Maintained 

Boeing 737 Boeing 747-200 Challenger 600 

Boeing 757/767 Boeing 727 / 707 Gulfstream I, II, IV 

 Airbus 320 Hawker 800XP 

Work Experience 

From –To Company 121, 125 or 135 

Certificate Number Position 

08/10 – Present Jet-A, LLC Part 135 – XQJA013M Director of 

Maintenance 

01/05 – 08/10 CSC Transport Part 125 Director of 

Maintenance – F.O. 

12/96 – 12/04 Business Aerotech N/A Flight Engineer 

08/93 – 12/96 B.F. Goodrich 

Aerospace 

N/A Maintenance Tech 

06/80 – 10/92 U.S. Air Force N/A Crew Chief 
Exhibit 7, Page 1 of 9 

Exhibit 7 

Key Personnel Questionnaires 

Questionnaire Ronald A Boros

It is necessary for you, as a current or prospective director, officer, or key manager of Jet-A, 

LLC, to provide the information specified below so that the company can complete its submission. 

Please note that your answers will be relied upon in the preparation of the submission, and that the 

presentation of false or misleading answers could result in DOT taking adverse action against Jet-A, 

LLC. Accordingly, your utmost candor and thoroughness are greatly appreciated. 

1. Please state your full name, home address, and business address. 

Ronald Boros 

Home: P.O. Box 601441 

 San Diego, CA 92160 

Office: Jet A, LLC 

 600 Hayden Circle 

 Allentown, PA 18109 

2. Please identify your country of citizenship. 

United States 

3. Please identify the position(s) that you will hold at Jet-A, LLC, including any position as a 

director, officer, or senior manager. 

 Vice-President, Managing Director, Director of Operations 

4. Please identify any shares of stock in Jet-A, LLC that you hold for your own account or for 

another’s account. If you are holding shares of Jet-A, stock for another’s account, please 

identify the name and citizenship of that individual or business. 

50% of Jet-A, LLC held through Shearson International Corp, of which I maintain 100% 

ownership 

5. Please describe any directorship, officership, shares of stock (but only if it equals 10% or 

more of the total voting stock outstanding), or other interest that you hold, or have held, in 

any of the following: 
Exhibit 7, Page 2 of 9 

1) a domestic air carrier; 

NONE 

2) a foreign air carrier; 

NONE 

3) a common carrier; 

NONE 

4) a company substantially engaged in the business of aeronautics; or 

NONE 

5) a company whose principal business (in purpose or fact) is the holding of stock in, or 

control of, any domestic air carrier, foreign air carrier, common carrier, or company 

substantially engaged in the business of aeronautics. 

NONE 

6. If you are related by blood or marriage to any director, officer, or other person holding a 

substantial interest in Jet-A, LLC, please state that relationship. 

NONE 

7. Please list all actions and outstanding judgments for more than $5,000 against you, including 

the amount of each judgment, the party to whom it is payable, and how long it has been 

outstanding. 

NONE 

8. Please list all actions and outstanding judgments of less than $5,000 against you, including 

the amount of each judgment. 

NONE 

9. Please describe all pending investigations, enforcement actions, and formal complaint filed 

by DOT, including the Federal Aviation Administration, involving you regarding compliance 

with the federal aviation statutes or orders, rules, regulations, or requirements issued pursuant 

to the statutes, including information on any corrective actions taken. 

NONE 

10. Please describe all charges of unfair or deceptive or anticompetitive business practices, or of 

fraud, felony, or antitrust violation, brought against you in the past 10 years, including 

information on the disposition or current status of each such proceeding. 

NONE 
Exhibit 7, Page 3 of 9 

11. Please describe any aircraft accidents or incidents (as defined in the National Transportation 

Safety Board’s regulations, 49 C.F.R. § 830.2) experienced by you, which occurred either: 

(a) during the last 12 months, or (b) at any time in the past if it remains under investigation 

by the FAA, the NTSB, or by the company for which you worked. Your description should 

include the following information regarding each accident and incident: (a) the date of the 

occurrence; (b) the type of flight; (c) the number of passengers and crew on board and an 

enumeration of any injuries or fatalities; (d) a description of any damage to the aircraft; (e) 

the FAA and NTSB file numbers and the status of the investigation, including any 

enforcement actions initiated against you or the company for which you worked; and (f) 

positive actions taken to prevent recurrence. 

NONE 

I hereby certify that I have answered this questionnaire truthfully and to the best of my 

knowledge and belief. 

 
Exhibit 7, Page 4 of 9 

Questionnaire for Albert Murrer

It is necessary for you, as a current or prospective director, officer, or key manager of JetA, LLC, to provide the information specified below so that the company can complete its 

submission. Please note that your answers will be relied upon in the preparation of the 

submission, and that the presentation of false or misleading answers could result in DOT taking 

adverse action against Jet-A, LLC. Accordingly, your utmost candor and thoroughness are 

greatly appreciated. 

1. Please state your full name, home address, and business address. 

Albert Murrer 

Home: 105 Forrest Drive 

 Sinking Springs, PA 19608 

Office: Jet A, LLC 

600 Hayden Circle 

Allentown, PA 18109 

 

2. Please identify your country of citizenship. 

United States 

3. Please identify the position(s) that you will hold at Jet-A, LLC, including any position as a 

director, officer, or senior manager. 

Chief Pilot 

4. Please identify any shares of stock in Jet-A, LLC that you hold for your own account or for 

another’s account. If you are holding shares of Jet-A, LLC stock for another’s account, 

please identify the name and citizenship of that individual or business. 

NONE 

5. Please describe any directorship, officership, shares of stock (but only if it equals 10% or 

more of the total voting stock outstanding), or other interest that you hold, or have held, in 

any of the following: 

1) a domestic air carrier; 

NONE 

2) a foreign air carrier; 

NONE 

3) a common carrier; 

NONE 
Exhibit 7, Page 5 of 9 

4) a company substantially engaged in the business of aeronautics; or 

5) a company whose principal business (in purpose or fact) is the holding of stock in, or 

control of, any domestic air carrier, foreign air carrier, common carrier, or company 

substantially engaged in the business of aeronautics. 

6. If you are related by blood or marriage to any director, officer, or other person holding a 

substantial interest in Jet-A, LLC, please state that relationship. 

NONE 

7. Please list all actions and outstanding judgments for more than $5,000 against you, including 

the amount of each judgment, the party to whom it is payable, and how long it has been 

outstanding. 

NONE 

8. Please list all actions and outstanding judgments of less than $5,000 against you, including 

the amount of each judgment. 

NONE 

9. Please describe all pending investigations, enforcement actions, and formal complaint filed 

by DOT, including the Federal Aviation Administration, involving you regarding compliance 

with the federal aviation statutes or orders, rules, regulations, or requirements issued pursuant 

to the statutes, including information on any corrective actions taken. 

NONE 

10. Please describe all charges of unfair or deceptive or anticompetitive business practices, or of 

fraud, felony, or antitrust violation, brought against you in the past 10 years, including 

information on the disposition or current status of each such proceeding. 

NONE 
Exhibit 7, Page 6 of 9 

11. Please describe any aircraft accidents or incidents (as defined in the National Transportation 

Safety Board’s regulations, 49 C.F.R. § 830.2) experienced by you, which occurred either: 

(a) during the last 12 months, or (b) at any time in the past if it remains under investigation 

by the FAA, the NTSB, or by the company for which you worked. Your description should 

include the following information regarding each accident and incident: (a) the date of the 

occurrence; (b) the type of flight; (c) the number of passengers and crew on board and an 

enumeration of any injuries or fatalities; (d) a description of any damage to the aircraft; (e) 

the FAA and NTSB file numbers and the status of the investigation, including any 

enforcement actions initiated against you or the company for which you worked; and (f) 

positive actions taken to prevent recurrence. 

NONE 

I hereby certify that I have answered this questionnaire truthfully and to the best of my 

knowledge and belief. 

 

 
Exhibit 7, Page 7 of 9 

Questionnaire for Jeffrey Barnes 

It is necessary for you, as a current or prospective director, officer, or key manager of JetA, LLC, to provide the information specified below so that the company can complete its 

submission. Please note that your answers will be relied upon in the preparation of the 

submission, and that the presentation of false or misleading answers could result in DOT taking 

adverse action against Jet-A, LLC. Accordingly, your utmost candor and thoroughness are 

greatly appreciated. 

1. Please state your full name, home address, and business address. 

Jeffrey Barnes

Home: 1894 Bent Pine Hill 

Fogelsville, PA 18051

Office: Jet A, LLC 

600 Hayden Circle 

Allentown, PA 18109 

2. Please identify your country of citizenship. 

United States 

3. Please identify the position(s) that you will hold at Jet-A, LLC, including any position as a 

director, officer, or senior manager. 

Director of Maintenance 

4. Please identify any shares of stock in Jet-A, LLC that you hold for your own account or for 

another’s account. If you are holding shares of Jet-A, LLC stock for another’s account, 

please identify the name and citizenship of that individual or business. 

NONE 

5. Please describe any directorship, officership, shares of stock (but only if it equals 10% or 

more of the total voting stock outstanding), or other interest that you hold, or have held, in 

any of the following: 

1) a domestic air carrier; 

NONE 

2) a foreign air carrier; 

NONE 

3) a common carrier; 

NONE 
Exhibit 7, Page 8 of 9 

4) a company substantially engaged in the business of aeronautics; or 

5) a company whose principal business (in purpose or fact) is the holding of stock in, or 

control of, any domestic air carrier, foreign air carrier, common carrier, or company 

substantially engaged in the business of aeronautics. 

6. If you are related by blood or marriage to any director, officer, or other person holding a 

substantial interest in Jet-A, LLC, please state that relationship. 

NONE 

7. Please list all actions and outstanding judgments for more than $5,000 against you, 

including the amount of each judgment, the party to whom it is payable, and how long it has 

been outstanding. 

NONE 

8. Please list all actions and outstanding judgments of less than $5,000 against you, including 

the amount of each judgment. 

NONE 

9. Please describe all pending investigations, enforcement actions, and formal complaint filed 

by DOT, including the Federal Aviation Administration, involving you regarding compliance 

with the federal aviation statutes or orders, rules, regulations, or requirements issued pursuant 

to the statutes, including information on any corrective actions taken. 

NONE 

10. Please describe all charges of unfair or deceptive or anticompetitive business practices, or of 

fraud, felony, or antitrust violation, brought against you in the past 10 years, including 

information on the disposition or current status of each such proceeding. 

NONE 
Exhibit 7, Page 9 of 9 

11. Please describe any aircraft accidents or incidents (as defined in the National Transportation 

Safety Board’s regulations, 49 C.F.R. § 830.2) experienced by you, which occurred either: (a) 

during the last 12 months, or (b) at any time in the past if it remains under investigation by the 

FAA, the NTSB, or by the company for which you worked. Your description should include the 

following information regarding each accident and incident: (a) the date of the occurrence; (b) 

the type of flight; (c) the number of passengers and crew on board and an enumeration of any 

injuries or fatalities; (d) a description of any damage to the aircraft; (e) the FAA and NTSB file 

numbers and the status of the investigation, including any enforcement actions initiated against 

you or the company for which you worked; and (f) positive actions taken to prevent recurrence. 

NONE 

I hereby certify that I have answered this questionnaire truthfully and to the best of my 

knowledge and belief. 
Exhibit 8 

Exhibit 8 

Aircraft Information 
Exhibit 9, Page 1 of 10 

Exhibit 9 Copy of Lease Agreement 

AIRCRAFT DRY LEASE AND CHARTER MANAGEMENT AGREEMENT 

THIS AIRCRAFT DRY LEASE AND CHARTER MANAGEMENT AGREEMENT (this 

"AGREEMENT") is made as of the 26 day of March, 2010 between, IDM CORPORATE 

AVIATION SERVICES, LLC, a Texas limited liability company, whose principal office is at 275 

E Tropicana Ave, Suite 100, Las Vegas NV 89169-7365 (“OWNER”), and JET-A, LLC, a New 

Jersey limited liability company, whose principal office is at 600 Hayden Circle Allentown, PA 

18109(“OPERATOR”). 

WHEREAS, Owner owns that certain Boeing 737-2H4 aircraft, bearing manufacturer’s serial 

number 22062, and currently bearing FAA registration number N500VP as further described in 

EXHIBIT A, attached hereto and incorporated herein (the “AIRCRAFT”); 

WHEREAS, Operator holds a Federal Aviation Regulation (“FAR”) Part 135 On-Demand 

Air Carrier certificate number XQJA013M (the “CERTIFICATE”) and is required by FAR 135.25 to 

have the exclusive use of at least one aircraft that meets the requirements for at least one kind of 

operation authorized in the certificate holder's operations specifications and the Aircraft meets at 

least one kind of operation authorized in the certificate holder's operations specifications; and 

WHEREAS, Owner desires to dry lease the Aircraft to Operator on an exclusive basis, and 

Operator desires to dry lease the Aircraft from Owner, so that Operator may place the Aircraft on its 

Certificate and operate the Aircraft in charter service in accordance with the requirements of FAR 

Part 135. 

NOW THEREFORE, the parties agree as follows: 

ARTICLE I – LEASE OF AIRCRAFT 

Owner hereby dry leases the Aircraft to Operator on an exclusive basis, so that Operator may operate 

the Aircraft for on-demand FAR Part 135 charter flights and the associated FAR Part 91 positioning, 

training and maintenance flights (“OPERATOR FLIGHT(S)”), under the terms of this Agreement. 

Owner shall deliver the Aircraft to Operator on or about June 30, 2010, or another mutually agreed 

upon time (the “DELIVERY DATE”), at Allentown Airport (KABE) or another mutually agreed upon 

location (the “DELIVERY LOCATION”), to allow Operator to conduct the necessary inspections, 

maintenance, proving runs, equipment upgrades, and other items required by the FAA in order to 

place the Aircraft on the Operator’s Operations Specifications (the “CONFORMITY PROCESS”). 

Owner shall reimburse Operator for its expenses in completing the Conformity Process, including but 

not limited to labor costs, flight costs for the Aircraft, and any maintenance necessary to bring the 

Aircraft into conformity with FAR Part 135 standards. 
Exhibit 9, Page 2 of 10 

ARTICLE II -OPERATIONAL CONTROL/MANAGEMENT SERVICES

a) OPERATOR FLIGHTS. During each Operator Flight during the Term (as defined below) of 

this Agreement, Operator shall have “operational control” of the Aircraft as that phrase is defined in 

the Federal Aviation Regulations, and interpreted by the FAA, and Owner agrees and acknowledges 

that Operator will have complete and sole control and authority over the Aircraft and any and all 

crewmembers assigned to operate the Aircraft during the Operator Flight(s). Owner agrees and 

represents that in no event will it exercise, or attempt to exercise, control or authority over any 

crewmember assigned to operate the Aircraft during an Operator Flight(s). In the event that Owner 

exercises, or attempts to exercise, control or authority over the crewmembers it shall be deemed to be 

an Owner Event of Default, and the terms of Section 12 shall apply. 

b) SCHEDULING. Throughout the Term (as defined below) of this Agreement Operator shall 

be responsible for scheduling the use and maintenance of the Aircraft. 

c) COMPLIANCE. Operator agrees that it will operate all Operator Flights in accordance with 

the applicable FAR, and other government regulations and laws. 

d) MANAGEMENT SERVICES. In addition to the other duties and obligations of Operator 

outlined herein, Operator also agrees to provide the following management services with respect to 

the Aircraft: (1) schedule and arrange for maintenance and training in the Aircraft to maximize the 

availability of the Aircraft for charter, (2) act as Owner’s liaison with the FAA and DOT, (3) prepare 

the Accounting (defined below) and other documentation reasonably requested by Owner for its 

recordkeeping needs, (3) file IRS Federal Excise Tax returns and fuel credit forms, (4) arrange for 

hangar space at Home Base, and hangar or ramp space at other locations, (5) provide passenger and 

flight support services to third parties and to Owner for Operator Flights, including but not limited to 

arranging for ground transportation and special catering, (6) arrange for the necessary operational 

and flight specific services including but not limited to weather services, customs handling, charts 

and other navigation materials, (7) advise Owner regarding changes in the valuation of the Aircraft, 

available upgrades and refurbishments, and discretionary maintenance items with respect to the 

Aircraft, and (8) develop and implement a coordinated emergency response plan for Aircraft 

incidents/accidents. 

e) OWNER’S INSPECTION. Owner may at any reasonable time inspect the Aircraft, Aircraft 

records, and Operator’s records with respect to the Aircraft. Notwithstanding the foregoing, Owner 

may not schedule an inspection of the Aircraft at a time which will interfere with an Operator Flight 

or scheduled maintenance, and Owner may only schedule a review of records during Operator’s 

normal business hours. 
Exhibit 9, Page 3 of 10 

ARTICLE III -TERM

The term of this Agreement shall be one (1) year, beginning on the 30th day of June, 2010, and shall 

renew for an indefinite number of additional one (1) year terms, unless terminated by either party, as 

noted below. Either party may terminate this Agreement by written notice of termination posted no 

less than thirty (30) days prior to the intended date of termination. Notwithstanding the foregoing, in 

the event that the Aircraft is damaged or destroyed during the Term of the Agreement, Owner may 

terminate this Agreement upon written notice to Operator. 

ARTICLE IV -CREWMEMBERS 

Operator shall select and hire as employees, or engage as agents, as many crewmembers as Operator 

deems necessary, in its reasonable discretion, to conduct the operations contemplated under this 

Agreement. Operator shall arrange for the training and checking of such crewmembers in 

accordance with Operator’s FAA approved Part 135 training program. Each crewmember utilized by 

Operator for Operator Flights will be specifically listed by name and airman certificate number in 

Operator’s records and this information will be readily available for inspection as specified in FAR 

section 135.63. Owner shall reimburse Operator for the costs associated with employing and training 

3 crewmembers (“CREW EXPENSES”), and the costs associated with engaging supplemental 

crewmembers when necessary. In the event that Operator determines that it is necessary to hire an 

additional crewmember(s) to meet the scheduling needs for the Aircraft, Owner shall reimburse 

Operator for the salary and benefits paid by Operator to such additional crewmember(s), and the 

training costs associated with such additional crewmember(s). Operator shall provide Owner with at 

least seven (7) days prior written notice of its intent to hire an additional crewmember(s). 

Notwithstanding the fact that Owner will reimburse Operator for the costs associated with certain 

crewmembers, Operator shall be free to assign any qualified crewmember to any Operator Flight and 

may use any crewmember that it employs, or engages as an agent, to pilot any aircraft in Operator’s 

fleet on which such individual is qualified to serve as a crewmember. 

In the event the Owner, or any subsidiary, parent or other entity that shares common ownership or 

control with Owner, employs or otherwise contracts for the services of any employee of Operator 

(“OPERATOR EMPLOYEE”) at any time during the Term or during the six (6) month period 

following a termination of this Agreement for any reason, the Owner agrees in consideration of 

Operator's indoctrination and development of such individual(s) to compensate Operator for its loss 

of the human resources and experience involved, to pay Operator a fee of $TBD for each Operator 

Employee hired away from Operator. 

In the event of expiration or termination of this Agreement, unless otherwise provided herein, Owner 

shall be responsible to Operator for the Crew Expenses for a period of TBD (__) days from the 

effective date of such termination. 
Exhibit 9, Page 4 of 10 

ARTICLE V -MAINTENANCE

a) MAINTENANCE DUTIES. Operator will, at the sole cost and expense of Owner, cause the 

Aircraft to be maintained and inspected in accordance with Operator’s FAA approved Part 135 

maintenance program, the manufacturer’s recommendations, and any other applicable laws and 

regulations of the Department of Transportation, Federal Aviation Administration, or other 

applicable governmental entity. Operator shall ensure that the a Minimum Equipment List and 

Reduced Vertical Minimum Separation authorization are developed and implemented for the 

Aircraft. Operator will also ensure that the maintenance records and maintained in accordance with 

all applicable laws and regulations, and shall maintain a copy of all maintenance records for the 

Aircraft at its principal base of operations. Owner shall deliver to Operator a copy of all maintenance 

records relating to the Aircraft on the Delivery Date. 

b) PAYMENT ARRANGEMENTS. Prior to any scheduled maintenance Owner shall make 

arrangements with Operator to pay for any deposit required by the maintenance facility which will 

perform the scheduled maintenance. In the event that Operator is performing the scheduled 

maintenance, Operator reserves the right demand from Owner a deposit against the estimated costs of 

such scheduled maintenance. In the event that Operator demands a deposit from the Owner the 

deposit shall be paid to Operator prior to the date on which Operator anticipates commencing the 

work. In the event that Owner fails to provide the deposit as required in this section, Operator shall 

not be required to commence the maintenance and the Aircraft shall be grounded until the payment is 

made by Owner to Operator. Maintenance labor conducted by Operator personnel shall be billed to 

Owner at the rate specified in EXHIBIT A. 

ARTICLE VI -FEES, EXPENSES AND REVENUE 

a) MANAGEMENT FEE. Operator will charge Owner, and Owner will pay a “MANAGEMENT 

FEE” in the amount set forth in EXHIBIT A. The Management Fee shall over the management 

services provided by Operator to Owner, including but not limited to those specified in ARTICLE 

II(d) above. 

b) AIRCRAFT EXPENSES. Owner shall be responsible for all Aircraft expenses including but 

not limited to maintenance, hangar rent at Home Base, Aircraft insurance, Crew Expenses, 

personalized cabin amenities, Aircraft fuel, oil, navigation charts, international handling, 

maintenance (to the extent not paid directly by Owner), maintenance manuals and tracking programs, 

GPS and other software updates and all other Aircraft associated expenses (the “AIRCRAFT 

EXPENSES”). The rates for certain Aircraft Expenses are listed in EXHIBIT A. Upon the execution 

date of this Agreement Owner shall provide Operator with an “AIRCRAFT EXPENSE FUND” in the 

amount specified in EXHIBIT A. Operator shall keep the Aircraft Expense Fund in a separate 

account, and may draw upon the funds therein to pay Aircraft Expenses. In the event that the balance 

of the Aircraft Expense Fund drops below the “MINIMUM FUND AMOUNT” at any time, Operator 

reserves the right to demand from Owner a payment sufficient to bring the balance of the Aircraft 

Expense Fund back up to the Minimum Fund Amount. Owner shall make such payment within 7 

days of receipt of Operator’s demand. With respect to Aircraft fuel and other flight specific Aircraft 

Expenses incurred away from Home Base (“FLIGHT SPECIFIC EXPENSES”), Operator will pay for 

such Flight Specific Expenses, and will used funds from the Aircraft Expense Fund to reimburse 

itself. 
c) REVENUE. Operator agrees that in all cases it will charge at least the “MINIMUM HOURLY 

RATE” listed in EXHIBIT A for each Revenue Flight Hour. Operator shall pay Owner X thousand 

dollars ($ ) of the Revenue charged to each third party charter customer, and Xthousand-dollars ($ )

of the Revenue charged for each Referred Charter Flight (the “CREDIT(S)”). The term “REVENUE” 

shall include the quoted amount for each Operator Flight in revenue generating service, including the 

hourly rate, fuel surcharges, taxi fees, overnight fees and supplemental crew charges, but exclude all 

separately stated fees charged to the customer as reimbursements for amounts paid by Operator, 

including but not limited to landing fees, ramp/hangar fees, catering, handling charges, and ground 

transportation fees. REVENUE FLIGHT HOUR” shall mean each hour or part thereof (rounded to the 

nearest tenth of one hour) of an Operator Flight in revenue generating service as recorded as flight 

time measured from take-off to landing, but specifically excluding flight hours on the Aircraft for 

positioning or re-positioning for the purposes of obtaining maintenance, flight training, and FAArequired flight checks or other flights. “REFERRED CHARTER FLIGHT(S)” shall include Part 135 

Operator Flights for Owner and its affiliates as listed in EXHIBIT A, and their officers, board 

members, employees, agents and guests. 

d) CHARTER BILLING. Operator shall be solely responsible for the billing for all Revenue 

Flight Hours, and shall bear the risk of non-collection for all revenue generating Operator Flights, 

except Referred Charter Flights. For Referred Charter Flights in the event that Operator is unable to 

collect, Operator shall not be required to pay Owner the Credit for such Revenue Flight Hours. 

e) ACCOUNTING. Operator shall generate and post by regular U.S. Mail to Owner by the 20th

day of the month, an accounting of the previous month’s Aircraft activity, including all Aircraft 

Expenses incurred, amounts withdrawn from and deposited in the Aircraft Expense Fund, any 

outstanding Aircraft Expenses owed by Owner and any Credits (the “ACCOUNTING”). In the event 

that the Credits exceed the Aircraft Expenses then a check for the difference shall be included with 

the Accounting sent by Operator to Owner. In the event that the Aircraft Expenses exceed the Credits 

then Owner shall pay Operator the difference within 7 days of receipt of the Accounting. In the event 

that amounts due from Owner to Operator are not paid within such time frame, such amounts shall 

begin to accrue interest at the rate of 1.5% per month from the due date until such date as the amount 

is paid in full. The Accounting shall also include: (1) flight records for each flight of the Aircraft in 

the previous calendar month (including hours, departure and arrival points, and passengers carried), 

(2) a summary of maintenance performed in the previous calendar month, (3) scheduled maintenance 

items anticipated to come due in the current month, (4) current market value of the Aircraft, and (5) 

other reasonable information requested by Owner. 

ARTICLE VII -TAXES 

Owner shall be responsible for the payment of any and all taxes related to Owner’s ownership of the 

Aircraft and amounts received by Owner under this Agreement, including but not limited to income 

tax, sales/use tax, property tax, and ad valorem tax. Operator shall be responsible for the payment of 

any and all taxes related to Operator’s income derived from this Agreement, and for the collection 

and remittance of any and all taxes related to Operator Flights, including but not limited to the 

Federal Excise Tax. For FAR Part 135 Operator Flights, Operator shall file for the fuel tax credit, and 

such credit shall be passed onto Owner. 
ARTICLE VIII -INSURANCE 

Upon the execution of this Agreement the Operator will cause the Aircraft to be added to Operator’s 

fleet insurance policy (“POLICY”), at Owner’s expense. Such Policy will provide for physical 

damage and hull insurance coverage with respect to the Aircraft in the amount of not less than $6.5 

million. Such Policy will also provide for liability insurance in the amount of not less than $100 

million per occurrence combined single limit. The Policy shall: (i) name Owner and Operator as 

named insured; (ii) name Owner, or Owner’s lender, as the loss payee with respect to the hull 

insurance proceeds; (iii) contain a waiver by the underwriter thereof of any right of subrogation 

against the Owner and Operator; (iv) provide that in respect of the interests of Owner, such policies 

of insurance shall not be invalidated by any action or inaction of Operator and shall insure Owner 

(subject to the limits of liability and war risk exclusion set forth in such policies) regardless of any 

breach or any violation of any warranty, declarations or conditions contained in such policies by 

Operator or any other person; (v) shall provide that if the insurers cancel insurance for any reason 

whatsoever, or the same is allowed to lapse for nonpayment of premium, or if there is any material 

change in policy terms and conditions, such a cancellation, lapse or change shall not be effective as 

to Owner until thirty (30) days after Owner is provided notice of the same (seven (7) days with 

respect to war risk and allied perils coverage); and (vi) be primary without right of contribution from 

any other insurance which is carried by Owner or Operator and shall expressly provide that all of the 

provisions thereof, except the limits of liability, shall operate in the same manner as if there were a 

separate policy covering each insured. 

Operator will submit this Agreement for approval to the insurance carrier for the Policy. Operator 

will arrange for a Certificate of Insurance evidencing appropriate coverage as to the Aircraft and the 

satisfaction of the requirements set forth above to be given by its insurance carriers to Owner. 

ARTICLE IX -LIMITATION OF LIABILITY 

THE PARTIES AGREE THAT UNDER NO CIRCUMSTANCES SHALL EITHER PARTY BE 

LIABLE TO THE OTHER FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, 

EXEMPLARY DAMAGES, OR DIMINUTION OF VALUE FOLLOWING A LOSS, WHETHER 

SUCH CLAIM ARISES IN CONTRACT OR TORT (INCLUDING STRICT LIABILITY AND 

NEGLIGENCE) SUCH AS, BUT NOT LIMITED TO, LOSS OF REVENUE, LOSS OF USE, 

ANTICIPATED PROFITS, AND DEPRECIATION. Owner agrees to accept the proceeds of the 

Policy as its sole recourse against Operator in the event of the loss of, or damage to, the Aircraft 

under any circumstances. 

ARTICLE X -INDEMNIFICATION 

Each party (the “INDEMNITOR”) shall indemnify, defend and save harmless the other party, 

including any of its respective successors and assigns, members, subsidiaries, affiliates, partners, 

contractors, managers, directors, officers, servants, agents and employees (the “INDEMNITEES”), 

from and against any and all liabilities, claims, actions, damages, and expenses (including without 

limitation attorney’s fees and costs of suit), whether arising in tort, negligence, contract or otherwise 

arising out of, resulting from, or in connection with the Indemnitor’s breach of any provision of this 

Agreement, and/or the Indemnitor’s authority to enter into this Agreement. 

ARTICLE XI -OTHER AGREEMENTS 
Owner represents and warrants that there is no insurance policy, financing agreement, or other 

agreement or arrangement with respect to the Aircraft that limits Owner’s ability to transfer 

possession of the Aircraft to Operator under this Agreement, or Operator’s ability to conduct the 

Operator Flights as contemplated under this Agreement. Upon request Owner shall provide Operator 

with the names and contact information for all parties to such agreements or arrangements. 

ARTICLE XII -DEFAULT 

Each of the following events or conditions will constitute an “EVENT OF DEFAULT” or “DEFAULT” 

(the terms being used interchangeably) (whether any such event or condition is voluntary or 

involuntary or occurs by operation of law or pursuant to or in compliance with any judgment, decree 

or order of any court or any order, rule or regulation of any government entity): 

 a) NON-PAYMENT. A party fails to make any payment on the due date and such 

failure continues for ten (10) business days after written notice from the other party; 

b) INSURANCE. Operator fails to maintain the Policy as required under ARTICLE VIII; 

c) REPRESENTATIONS. Owner or Operator breaches and/or is shown to have made a 

misrepresentation with respect to any representation made hereunder; 

d) APPROVALS. Any party fails to maintain the required licenses, authorizations, and/or 

consents required to conduct the operations contemplated herein, and such failure is not 

remedied within fifteen (15) days of notice by any means of such failure; 

e) BANKRUPTCY. Either party shall: (i) admit in writing its inability to pay, or fail to pay, 

debts generally as they become due; (ii) file a petition in bankruptcy or a petition under any 

insolvency act or file an answer admitting or failing to deny the material allegation of such petition; 

(iii) make an assignment for the benefit of its creditors; (iv) consent to the appointment of, or 

possession by, a custodian for itself or for the whole or substantially all of its property; (v) upon a 

petition in bankruptcy filed against it, be adjudicated, or have an order for relief granted as, a 

bankrupt; or (vi) file a petition or answer seeking reorganization or arrangement or other aid or relief 

under any bankruptcy or insolvency laws or any other law for the relief of debtors or file an answer 

admitting, or failing to deny, the material allegations of a petition filed against it for any such relief; 

or a court of competent jurisdiction shall enter an order, judgment or decree appointing, without the 

consent of the affected party, a custodian for a party or the whole or substantially all of such party’s 

property, or approving a petition filed against either of them seeking reorganization or arrangement 

of the party under any bankruptcy or insolvency laws or any other law for the relief of debtors, and 

such order, judgment or decree shall not be vacated or set aside or stayed within 60 days from the 

date of entry thereof; 

f) SPECIFIC BREACH. The breach by Owner of any of the following provisions: ARTICLE 

II(a); or 

g) GENERAL BREACH. The breach of any other provision of the Agreement, where such 

breach is not remedied within five (5) days of notice of such breach. 

ARTICLE XIII -REMEDIES 

In the event of a Default the non-defaulting party may at its option (and without prejudice to any of 
its other rights under this Agreement), at any time thereafter: 

a) By written notice to the defaulting party and with immediate effect, terminate this 

Agreement, except in an Event of Default outlined under ARTICLE XII(f) above in which case no 

notice is required, and/or 

b) Proceed by appropriate court action or actions to enforce performance of this 

Agreement or to recover damages for the breach of this Agreement. 

Owner specifically acknowledges that in the event that Operator terminates this Agreement, on the 

effective date of such termination the Aircraft will be removed from Operator’s Certificate, which 

means that the RVSM authorization, Aircraft MEL, overflight permits, and all other authorizations 

and permits specific to Operator’s maintenance control of the Aircraft will no longer be valid with 

respect to the Aircraft. 

ARTICLE XIV -TERMINATION

 a) UNLAWFUL ACTIVITY. In addition to the rights to terminate this Agreement as provided 

for above in ARTICLES III and XIII, this Agreement may also be terminated by Operator upon the 

giving of written notice in the event that it becomes, or is deemed to be unlawful, for Owner or 

Operator to perform any of their respective duties under this Agreement, except in the event that such 

determination is due to circumstances which would qualify as an Event of Default under ARTICLE 

XII, in which case such termination shall not be deemed to be a Default. 

b) WINDING-UP. In the event of a termination of this Agreement for any reason, the parties 

shall, within sixty (60) days of the effective date of the termination conduct a final accounting and 

settlement of all funds and amounts owed under this Agreement (the “FINAL ACCOUNTING”). 

ARTICLE XV -RETURN OF AIRCRAFT 

Upon the termination of this Agreement, Operator will, redeliver the Aircraft and Aircraft documents 

to Owner at Allentown Airport (KABE), or such other airport as is mutually acceptable to the parties 

hereto at Owner’s sole cost and expense. ARTICLE XVI -ASSIGNMENT 

Neither party may assign this Agreement or any rights hereunder at any time without the other 

party’s prior written consent. 

ARTICLE XVII -SEVERABILITY 

If a provision of this Agreement is, or becomes, illegal, invalid or unenforceable in any applicable 

jurisdiction, that will not affect: (a) the legality, validity or enforceability in that jurisdiction of any 

other provision of this Agreement; or (b) the legality, validity or enforceability in any other 

jurisdiction of that or any other provision of this Agreement. 

ARTICLE XVIII -NOTICES 

All notices under, or in connection with, this Agreement will, unless otherwise stated herein, shall be 

given in writing at the addresses or contact numbers listed below. Any such notice is deemed 

effectively to be given, if by letter, by registered mail, return receipt requested, by an overnight 
courier who provides a receipt upon deposit with such courier, or by confirmed facsimile or 

electronic mail transmission, upon the sender’s receipt of confirmation that the message has been 

delivered. 

Operator: Jet-A, LLC 

Attn: Ron Boros 

600 Hayden Circle 

Allentown, PA 18109 

Phone: 877-672-6767 

Fax: 877-772-6767 

Email: rb@jet-a.com 

Owner: IDM Corporate Aviation Services, LLC 

Attn: Eric Haymes 

275 E Tropicana Ave, Suite 100 

Las Vegas NV 89169-7365 

Phone: 310-385-9163 

 Email ehaymes@iconjet.com 

ARTICLE XIX -LAW AND JURISDICTION 

This Agreement shall be governed by, and interpreted in accordance with the laws of the state of 

New Jersey, without regard to its conflicts of law principles. Exclusive jurisdiction and venue over 

any and all disputes between the parties arising under this Agreement, shall be in, and for such 

purpose each party hereby submits to the jurisdiction of, the state and federal courts serving 

Princeton, New Jersey. 

ARTICLE XX -ENTIRE AGREEMENT 

Owner and Operator represent and warrant that the terms and conditions of this Agreement were 

fully read and understood and that they constitute the entire agreement between the parties with 

respect to the subject matter of this Agreement, and that this Agreement supersedes all previous 

agreements in relation to this subject matter. 

ARTICLE XXI -COUNTERPARTS 

This Agreement may be executed in counterparts each of which will constitute one and the same 

document. Signatures conveyed electronically or by facsimile or email attachment shall have the 

same force and effect as original signatures. 

ARTICLE XXII -CONSTRUCTION 

The headings in this Agreement are for convenience only and shall not be considered part of any 

Section for purposes of construing this Agreement. Each of “Owner,” “Operator,” or any other 

person includes, without prejudice to the provisions of this Agreement, any successor in title to it and 

any permitted assignee. Words importing the plural shall include the singular and vice versa. 
ARTICLE XXIII -INDEPENDENT CONTRACTOR AGREEMENT 

This Agreement shall constitute an independent contractor agreement, and nothing in this Agreement 

or in any other agreement between the parties in association herewith shall be deemed, construed, or 

interpreted as (i) conveying to Operator title or any ownership interest in the Aircraft, or (ii) creating 

in any way any association, partnership, or joint venture between the parties. Operator agrees that it 

will not create any liens on the Aircraft, except mechanic’s or materialmen’s liens to be discharged in 

the ordinary course of business. 

ARTICLE XXIV -MODIFICATION 

No term or provision of this Agreement may be changed, waived, discharged, or terminated orally, 

but only by an instrument in writing signed by the party against which the enforcement of the 

change, waiver, discharge, or termination is sought. 

ARTICLE XXV -NO WAIVER 

No delay or omission in the exercise or enforcement or any right or remedy hereunder by either party 

shall be construed as a waiver of such right or remedy. All remedies, rights, undertakings, 

obligations, and agreements herein shall be cumulative and not mutually exclusive, and in addition to 

all other rights and remedies which either party possesses at law or in equity. All rights of the parties 

hereunder are separate and cumulative, except as otherwise set forth herein. 

ARTICLE XXVI -FORCE MAJEURE 

Exclusive of Owner’s obligation to pay for the expenses and fees as outlined in ARTICLE VI, each 

party shall be relieved of its obligations hereunder in the event and to the extent that such party's 

performance is delayed, prevented or otherwise adversely affected in any material way by any cause 

reasonably beyond such party's control, including but not limited to Force Majeure. For purposes of 

this Agreement, “FORCE MAJEURE” shall mean an act of God, strike or lockout or other labor 

dispute, unexpected crewmember unavailability, act of the public enemy, war (declared or 

undeclared), blockade, revolution, civil commotion, lightning, fire, storm, flood, earthquake, 

explosion, governmental restraint, embargo, weather, unexpected aircraft mechanical issues, and any 

other cause whether of the kind specifically enumerated above or otherwise, provided that in order 

for any of the foregoing to constitute Force Majeure, it must not be reasonably within the control of 

such party. For purposes of this Agreement “government restraint” as an instance of Force Majeure 

shall include, but not be limited to, FAA interpretation, enforcement or other pronouncement in 

relation to subjects covered by or in any manner related to this Agreement that requires any 

modification or termination of this Agreement. 

ARTICLE XXVII -CONFIDENTIALITY 

Each party will keep confidential this Agreement, the terms and conditions hereunder and the 

transactions contemplated hereunder, except as and to the extent required by law or with the written 

consent of the other party. In particular, any disclosure by either party of this Agreement, or the 

transactions contemplated hereby, to the FAA or DOT will not require the consent of the other party. 

ARTICLE XXVIII – HEIRS AND SUCCESSORS 

This Agreement and each of its provisions shall be binding on and shall inure to the benefit of the 
respective heirs, devisees, legatees, executors, administrators, trustees, successors and assigns of the 

parties to this Agreement. Nothing contained in this section shall be construed as consent by such 

party to any assignment of this Agreement or any interest therein by the other party. 

ARTICLE XXIX – FURTHER ASSURANCES 

Each party shall execute and deliver to the other such further documents and take such further 

action as may be necessary to effectuate the intent and purpose of this Agreement. 

ARTICLE XXX – NO THIRD PARTY BENEFICIARY 

No person, other than the parties expressly named herein, is intended to be a beneficiary of any 

provisions of this Agreement. 

Article XXXI – Survival 

The parties agree that the obligations and rights of each party as outlined in ARTICLES IV, VII, IX, 

X, XIII, XIV(b), XV, and XXVII shall survive the termination of this Agreement. 

SIGNATURE BLOCK IS ON THE FOLLOWING PAGE 

EXHIBIT A AIRCRAFT, EXPENSES, AND REVENUE PROVISIONS EFFECTIVE ON MARCH 26, 

2010 

AIRCRAFT INFORMATION 

Operator Maintenance Labor Rate: $ 95.00 /hr Supplemental Pilot Charge $ 600.00 /calendar day 

Crew Overnight Charge $ 1,200.00 /overnight per crew 

Fixed Expenses 

Management Fee $__________/month Salaries and Benefits for __ Crewmembers 

$__________/month Hangar Rent for Space at ____ $__________/month Fleet Insurance Premium 

$__________/year Training Expenses for __ Crewmembers $__________/year Estimated 

Conformity Process Expenses $ 7,500.00 /Conformity Process 


Exhibit 11 – Historical Financial Information 

Preceding 3 year Profit & Loss Statement for Jet-A, LLC 
Jan - Dec 07

Ordinary Income/Expense

Income

Charter Sales

[N673YS] 989,044.34

Total Charter Sales 989,044.34

Maintenance Sales

Maint Work Orders 133,710.40

Parts 385,452.42

Total Maintenance Sales 519,162.82

Management Fees 166,666.80

Reimbursable Expenses

Aircraft Wash 100.00

Business Airline Travel 10,983.10

Business Ground Transport 4,203.43

Business Lodging 6,552.06

Business Meals 983.09

Contract Mechanic 24,338.95

Contract Pilot 30,000.00

Fees 1,126.00

Hangar Fees 23,900.00

I.T. and Communications 11,537.76

Insurance 72,868.83

Salaries 21,425.00

Shipping 17,917.84

Subscriptions & DB Fees 33,546.74

Supplies-Hangar 2,984.63

Reimbursable Expenses - Other 2,363.85

Total Reimbursable Expenses 264,831.28

Total Income 1,939,705.24

Cost of Goods Sold

50000 · Flight Expenses

Aircraft Services 11,745.90

Airport Fees 31,986.02

Cabin Supplies 1,801.30

Catering 4,729.11

Contract Pilot 8,779.03

Engine MSP 219,673.55

Fuel and Oil 375,909.49

Navigation Fees 5,003.78

PAX Transportation 1,822.58

Total 50000 · Flight Expenses 661,450.76

50500 · Crew Expense

Airline Travel 14,971.51

Communications 343.76

Ground Transportation 9,655.17

Lodging 22,326.43

Meals 7,092.69

Total 50500 · Crew Expense 54,389.56

JET-A Exhibit 11 Page 1 of 8

Profit & Loss

Accrual Basis January through December 2007
Jan - Dec 07

51000 · Maintenance

C172 Aircraft Parts 114.35

C172 Maintenance-General 410.72

Contract Mechanic 11,606.40

Freight 15,175.90

S/N 1007 Aircraft Parts 113,695.63

S/N 1007 Maintenance-General 9,678.65

S/N 1073 Aircraft Parts 246,654.74

S/N 1073 Maintenance-General 131,629.72

S/N 326 Aircraft Parts 29,674.53

S/N 326 Maintenance-General 6,362.50

S/N 491 Aircraft Parts 3,092.87

Total 51000 · Maintenance 568,096.01

51900 · Hangar Fees 22,350.00

52000 · Business Travel Expense

Air Travel 20,233.29

Grnd Transportation 8,300.02

Lodgings 11,861.69

Meal 2,320.73

Total 52000 · Business Travel Expense 42,715.73

53000 · Insurance

INS S/N 1007 11,055.00

INS S/N 1073 60,755.97

Total 53000 · Insurance 71,810.97

54000 · Subscriptions & DB Fees 24,291.40

55000 · Employee Services

Flight Training 12,300.00

Health Insurance 502.83

Uniform 1,077.47

Total 55000 · Employee Services 13,880.30

56000 · Fees 4,025.90

59000 · OWNER REV

Owner Rev 1073 93,007.42

Total 59000 · OWNER REV 93,007.42

Total COGS 1,556,018.05

Gross Profit 383,687.19

Expense

Bad Debt 20.00

Car Lease 9,821.64

Discount Received -1,075.67

60000 · Administrative Expenses

60500 · Salaries

0305 25,678.46

1685 36,000.00

3557 175,192.40

5709 4,000.00

Total 60500 · Salaries 240,870.86

61000 · Flt Ops - Hangar Supplies 510.87

61500 · Flt Ops - Office Supplies 2,774.85

62000 · Advertising 192.00

JET-A Exhibit 11 2 of 8

Profit & Loss

Accrual Basis January through December 2007
Jan - Dec 07

64000 · I.T. and Communications 10,449.92

66900 · Reconciliation Discrepancies -3,332.00

68000 · Entertainment 1,987.50

69000 · Miscellaneous -300.00

69500 · Bank Fees 1,718.15

Total 60000 · Administrative Expenses 254,872.15

Total Expense 263,638.12

Net Ordinary Income 120,049.07

Net Income 120,049.07

JET-A Exhibit 11 Page 3 of 8

Profit & Loss

Accrual Basis January through December 2007
Jan - Dec 08

Ordinary Income/Expense

Income

Charter Sales

[N673YS] 526,533.66

N600WJ 59,142.43

NXXXXX 61,793.63

Total Charter Sales 647,469.72

Maintenance Sales

Maint Work Orders 81,100.88

Parts 245,513.48

Total Maintenance Sales 326,614.36

Management Fees 208,333.50

Reimbursable Expenses

Aircraft Wash 2,820.00

Business Airline Travel 6,018.28

Business Ground Transport 2,476.41

Business Lodging 10,339.57

Business Meals 1,813.22

Contract Mechanic 12,342.74

Contract Pilot 6,500.00

Crew Uniform 1,298.06

Fees 6,316.20

Flight Training 53,184.38

I.T. and Communications 4,939.79

Insurance 15,649.15

Salaries 3,750.00

Shipping 17,488.86

Subscriptions & DB Fees 65,683.20

Supplies-Hangar 12,491.81

Reimbursable Expenses - Other 76,761.29

Total Reimbursable Expenses 299,872.96

Total Income 1,482,290.54

Cost of Goods Sold

50000 · Flight Expenses

Aircraft Services 7,923.55

Airport Fees 22,988.14

Cabin Supplies 854.46

Catering 2,727.71

Contract Flight Attendant 7,372.00

Contract Pilot 29,857.16

Engine MSP 131,031.00

Fuel and Oil 291,787.56

Navigation Fees 3,746.05

PAX Transportation 1,728.37

Sub-Charter 55,588.65

Total 50000 · Flight Expenses 555,604.65

50500 · Crew Expense

Airline Travel 11,585.54

Communications 100.76

Ground Transportation 7,828.09

Lodging 13,333.03

Meals 3,920.24

Total 50500 · Crew Expense 36,767.66

JET-A Exhibit 11 Page 4 of 8

Profit & Loss

Accrual Basis January through December 2008
Jan - Dec 08

51000 · Maintenance

C172 Maintenance-General 3,107.18

Contract Mechanic 14,114.93

Freight 9,468.54

S/N 1007 Aircraft Parts -22,362.79

S/N 1007 Maintenance-General 38,419.77

S/N 1073 Aircraft Parts 114,459.88

S/N 1073 Maintenance-General 35,363.75

S/N 326 Aircraft Parts 33,679.96

S/N 326 Maintenance-General 28,812.56

S/N INV Aircraft Parts 25,000.00

Total 51000 · Maintenance 280,063.78

52000 · Business Travel Expense

Air Travel 8,183.20

Grnd Transportation 3,361.76

Lodgings 11,047.86

Meal 2,559.95

Total 52000 · Business Travel Expense 25,152.77

53000 · Insurance

INS S/N 1073 15,420.84

INS S/N 326 13,423.00

Total 53000 · Insurance 28,843.84

54000 · Subscriptions & DB Fees 45,552.97

55000 · Employee Services

Drug Testing 440.00

Flight Training 47,967.43

Uniform 1,860.12

Total 55000 · Employee Services 50,267.55

56000 · Fees 5,245.37

59000 · OWNER REV

Owner Rev 1007 17,212.25

Owner Rev 1073 102,507.53

Total 59000 · OWNER REV 119,719.78

Total COGS 1,147,218.37

Gross Profit 335,072.17

Expense

Car Lease 2,460.41

Discount Received -15,380.18

Tax 671.86

60000 · Administrative Expenses

60500 · Salaries

0305 6,439.00

1685 6,000.00

3557 199,751.34

Total 60500 · Salaries 212,190.34

60600 · Outside Labor 650.00

61000 · Flt Ops - Hangar Supplies 10,047.91

61500 · Flt Ops - Office Supplies 2,376.18

62000 · Advertising

Avinode 1,500.00

CharterX 1,110.00

62000 · Advertising - Other 300.00

Total 62000 · Advertising 2,910.00

JET-A Exhibit 11 Page 5 of 8

Profit & Loss

Accrual Basis January through December 2008
Jan - Dec 08

64000 · I.T. and Communications 10,966.77

66900 · Reconciliation Discrepancies 128.89

69500 · Bank Fees 4,573.54

Total 60000 · Administrative Expenses 243,843.63

Total Expense 231,595.72

Net Ordinary Income 103,476.45

Net Income 103,476.45

JET-A Exhibit 11 Page 6 of 8

Profit & Loss

Accrual Basis January through December 2008
Jan - Dec 09

Ordinary Income/Expense

Income

Charter Sales

[N673YS] 248,986.18

N322AU 5,986.76

N600WJ 48,021.57

Total Charter Sales 302,994.51

Maintenance Sales

Maint Work Orders 22,597.59

Parts 81,953.01

Total Maintenance Sales 104,550.60

Management Fees 200,000.16

Reimbursable Expenses

Aircraft Wash 2,125.00

Business Airline Travel 6,918.62

Business Ground Transport 5,198.64

Business Lodging 13,449.36

Business Meals 511.71

Contract Mechanic 50,765.24

Contract Pilot 536.00

Fees 3,787.45

Flight Training 51,010.00

I.T. and Communications 722.37

Shipping 7,675.85

Subscriptions & DB Fees 47,964.46

Supplies-Hangar 3,077.45

Supplies-Office 104.04

Total Reimbursable Expenses 193,846.19

Total Income 801,391.46

Cost of Goods Sold

50000 · Flight Expenses

Aircraft Services 5,016.97

Airport Fees 29,995.16

Cabin Supplies 1,093.32

Catering 543.07

Contract Pilot 15,900.00

Fuel and Oil 141,620.55

Navigation Fees 7,129.14

PAX Transportation 1,302.92

Total 50000 · Flight Expenses 202,601.13

50500 · Crew Expense

Airline Travel 4,398.13

Communications 7.99

Ground Transportation 4,396.51

Lodging 9,096.91

Meals 979.28

Total 50500 · Crew Expense 18,878.82

51000 · Maintenance

C172 Maintenance-General 2,265.26

Contract Mechanic 47,225.44

Freight 6,664.35

S/N 1007 Aircraft Parts 15,238.28

S/N 1007 Maintenance-General 8,373.42

S/N 1073 Aircraft Parts 49,092.64

S/N 1073 Maintenance-General 4,460.46

S/N 326 Aircraft Parts 13,863.52

S/N 326 Maintenance-General 6,063.14

Total 51000 · Maintenance 153,246.51

JET-A Exhibit 11 Page 7 of 8

Profit & Loss

Accrual Basis January through December 2009
Jan - Dec 09

52000 · Business Travel Expense

Air Travel 15,607.05

Grnd Transportation 5,348.29

Lodgings 15,949.19

Meal 751.31

Total 52000 · Business Travel Expense 37,655.84

54000 · Subscriptions & DB Fees 51,111.45

55000 · Employee Services

Drug Testing 601.75

Flight Training 50,925.00

Health Insurance 2,397.79

Uniform 880.02

55000 · Employee Services - Other 135.00

Total 55000 · Employee Services 54,939.56

56000 · Fees -88,036.94

59000 · OWNER REV

Owner Rev 1007 10,120.89

Owner Rev 1073 41,716.53

Total 59000 · OWNER REV 51,837.42

Total COGS 482,233.79

Gross Profit 319,157.67

Expense

Discount Received -4,346.20

60000 · Administrative Expenses

60500 · Salaries

3557 199,999.92

Total 60500 · Salaries 199,999.92

61000 · Flt Ops - Hangar Supplies 2,540.52

61500 · Flt Ops - Office Supplies 1,200.07

62000 · Advertising

Avinode 1,200.00

CharterX 2,459.00

Total 62000 · Advertising 3,659.00

64000 · I.T. and Communications 13,518.15

69000 · Miscellaneous 2,335.24

69500 · Bank Fees 2,369.34

Total 60000 · Administrative Expenses 225,622.24

Total Expense 221,276.04

Net Ordinary Income 97,881.63

Net Income 97,881.63

JET-A Exhibit 11 Page 8 of 8

Profit & Loss

Accrual Basis January through December 2009
Jan - Mar 10

OPERATING ACTIVITIES

Net Income 59,661.31

Adjustments to reconcile Net Income

to net cash provided by operations:

AC Receivable 74,028.63

AC PAYABLE -218.59

AMEX 647.42

AMEX PLUM -31,470.27

Avfuel 3,580.53

Base Ops / Word Fuel 15,792.54

Bombardier Account -4,292.00

Challenger Spares Account -1,006.75

CHASE VISA -6,763.98

UVAIR 694.18

Net cash provided by Operating Activities 110,653.02

FINANCING ACTIVITIES

Debt Service -8,062.90

Net cash provided by Financing Activities -8,062.90

Net cash increase for period 102,590.12

Cash at beginning of period 877,695.67

Cash at end of period 980,285.79

JET-A Exhibit 12 Page 1 of 2

Statement of Cash Flows

January through March 2010
Exhibit 12 Forecast Financial Information Jet-A, LLC 
JET-A, LLC

PRO FORMA INCOME STATEMENT

 QUARTER QUARTER QUARTER QUARTER YEAR QUARTER QUARTER QUARTER QUARTER 

2010 -1 2010 -2 2010 -3 2010 -4 2010 2011-1 2011-2 2011-3 2011-4 

REVENUE

REVENUE FROM CHARTER SALES 201,250 201,250 201,250 201,250 805,000 1,540,000 1,540,000 1,540,000 1,540,000 

REVENUE FROM MANAGEMENT FEES 30,000 - 30,000 30,000 30,000 

 

TOTAL REVENUE 201,250 201,250 201,250 201,250 805,000 1,570,000 1,570,000 1,570,000 1,570,000 

EXPENSESDIRECT COSTS

FUEL AND OIL 61,141 61,141 61,141 61,141 244,563 354,406 354,406 354,406 354,406 

MAINTENANCE 36,181 36,181 36,181 36,181 144,725 201,314 201,314 201,314 201,314 

LANDING AND PARKING 2,188 2,188 2,188 2,188 8,750 32,188 32,188 32,188 32,188 

NAVIGATION FEES 3,281 3,281 3,281 3,281 13,125 11,156 11,156 11,156 11,156 

CREW EXPENSES 2,188 2,188 2,188 2,188 8,750 26,188 26,188 26,188 26,188 SMALL SUPPLIES AND CATERING 4,922 4,922 4,922 4,922 19,688 49,922 49,922 49,922 49,922 

TOTAL DIRECT COSTS 109,900 109,900 109,900 109,900 439,600 675,173 675,173 675,173 675,173 

FIXED COSTS

SALARIESCOCKPIT CREW 50,000 50,000 50,000 50,000 200,000 121,250 121,250 121,250 121,250 

CABIN CREW - - - - 36,000 - 36,000 36,000 36,000 

MECHANIC 30,000 30,000 30,000 30,000 120,000 42,000 42,000 42,000 42,000 

LEASE PAYMENTS - - - - 231,000 - 231,000 231,000 231,000 

HANGAR 12,000 12,000 12,000 12,000 48,000 52,000 52,000 52,000 52,000 

INSURANCE 5,238 5,238 5,238 5,238 20,950 29,713 29,713 29,713 29,713 

RECURRENT TRAINING 15,000 15,000 15,000 60,000 15,000 33,750 33,750 33,750 33,750 

 

UNINSURED DAMAGE 6,250 6,250 6,250 6,250 25,000 12,500 12,500 12,500 12,500 

INTERIOR REFURBISHMENT 5,000 5,000 5,000 5,000 20,000 23,750 23,750 23,750 23,750 

NAVIGATION CHART SERVICE 800 800 800 800 3,200 2,300 2,300 2,300 2,300 

COMPUTER MAINT. PROGRAM 2,550 2,550 2,550 2,550 10,200 9,925 9,925 9,925 9,925 

WEATHER/FLIGHT PLANNING SERVICE 600 600 600 600 2,400 4,350 4,350 4,350 4,350 

 

TOTAL FIXED COSTS 127,438 127,438 127,438 127,438 509,750 598,538 598,538 598,538 598,538 

GROSS PROFIT (36,088) (36,088) (36,088) (36,088) (144,350) 296,290 296,290 296,290 296,290 

ADMINISTRATIVE EXPENSES

LEGAL/ACCOUNTING/CONSULTING 3,750 3,750 3,750 3,750 15,000 13,750 13,750 13,750 13,750 ADVERTISING 1,500 1,500 1,500 1,500 6,000 3,000 3,000 3,000 3,000 

OFFICE EXPENSES 1,500 1,500 1,500 1,500 6,000 1,500 1,500 1,500 1,500 

SALARIES-OFFICE 3,000 3,000 3,000 3,000 12,000 15,000 15,000 15,000 15,000 

SALARIES-EXECUTIVE DEPARTMENT - - - - - - - - - 

BENEFITS 14,400 14,400 14,400 57,600 14,400 53,775 53,775 53,775 53,775 

 

TOTAL ADMINISTRATIVE COSTS 24,150 24,150 24,150 96,600 24,150 87,025 87,025 87,025 87,025 

 

EBDIT (60,238) (60,238) (60,238) (60,238) (240,950) 209,265 209,265 209,265 209,265 
Exhibit 13

Exhibit 13 18 U.S.C. § 1001 Certification 

CERTIFICATE OF SERVICE

I hereby certify that I have this date served a copy of the foregoing Application of 

Jet-A, LLC on the following person(s) in accordance with the Department’s 

Rules of Practice: 

Robert Ference 

Aviation Safety Inspector 

Allentown Flight Standards District Office 

Federal Aviation Administration 

961 Marcon Blvd. Suite 111 

Allentown, Pennsylvania 18109 

Dated: May 6, 2010 

 ______________________ 

 Michael Origel 
Exhibit 14

 Jet-A, LLC Company Narrative 

1. History – Jet-A, LLC is a privately held Limited Liability Company organized in New Jersey 

and owned collectively by Dr. Robert J. Hariri and Shearson International Corp. 

Jet-A was formed in 2007 as a boutique style aircraft charter and management company 

offering a unique level of service. We are a financially stable firm that is accessible, 

available, and attentive to our owners’ needs, with the owners’ interest and safety at the 

forefront of our operation. Jet-A received its Part 135 “10 or More” Air Carrier Certificate 

with worldwide areas of operation in June 2008. Jet-A currently manages 2-Challenger and 

1-Learjet aircraft with 2-Boeing 737-200 to be added soon. The Boeing aircraft shall be 

based at a South Florida location with our Director of Maintenance domiciled locally for 

supervision of all corrective actions and maintenance inspections. 

2. The Financial Statements including the Balance Sheet, Income Statement, and the Cash 

Flow Statement were prepared in accordance with Generally Accepted Accounting Principles 

on an accrual basis by the Controller of Jet-A. 

As a privately held company, the financial statements are not required to be audited and as 

such have not been audited. 

3. Jet-A, LLC is an air charter Part 135 operator. Its Air Carrier Certificate was issued on 

June 2, 2008. Jet-A owns its current aircraft under individual entities and plans to own 1-

B737-200 while leasing and managing another under its Air Charter certificate. The owners 

of the leased aircraft absorb all operating costs of their aircraft and receives a major portion 

of the air charter revenues with Jet-A, LLC keeping a small portion of revenue as a 

commission. Jet-A, LLC also receives an administration fee for managing the owners’ 

aircraft. 

4. Accounting Policies - Depreciation is computed on a straight line basis over the useful life 

starting with the month following acquisition. Tax Depreciation is computed using MACRS as 

required by the Internal Revenue Code. 

5. Jet-A, LLC has no long term debt and no intangible assets 
RONALD A. BOROS

SUMMARY OF QUALIFICATIONS 

 23 years of crew and management experience operating jet aircraft, specializing in 

Bombardier/Canadair Challenger products. 

 10,000 plus accident-free hours of International jet aircraft flight operations, 

including extended over-water, transcontinental, and transoceanic flights. 

 Proven organizational, managerial, and leadership skills. Exceptional 

interpersonal skills. Ability to work closely with others to execute multiple 

concurrent projects.

EXPERIENCE 

Founding Partner , VP, Director of Ops Jet-A, LLC, Allentown, PA

02/2007 - Present 

 FAA Part 135 Air Carrier with Worldwide Operational Authority operating large-cabin 

turbine powered aircraft 

 Aircraft Management Company providing turnkey programs to support aircraft owners 

in operation, maintenance, regulatory compliance and fiscal budgets. 

 Business Development, Aircraft Acquisition and Sales 

President, CEO, Chief Pilot Shearson Aviation, San Diego, CA

12/1997 – 02/2007 

 Aircraft Management Company providing turnkey programs to support aircraft owners 

in operation, maintenance, regulatory compliance and fiscal budgets. 

 International flight operations of Bombardier/Canadair Challenger CL-604 and 

CL-601 type aircraft. (U.S.A., Canada, Caribbean, Latin America, South America, 

Hawaii, Alaska, Europe, Russia, Middle East, Asia). 

 Maintenance oversight of Manufacturer’s Maintenance Program for Calendar and 

Hourly Inspections, Service Bulletins and Airworthiness Directives. 

 Oversight of major refurbishment of Canadair Challenger Aircraft. 

 Aircraft Acquisitions and Sales.

First Officer Alaska Airlines, Seattle, WA 

11/2000 – 04/2002 

 Operated Boeing 737NG aircraft in scheduled airline service throughout the United 

States, Alaska and Canada. 

Flight Officer Air Canada, Toronto, ON

12/1997 – 05/1999 

 Operated Boeing 747 aircraft in scheduled airline service throughout Canada, the 

United States, the Caribbean and Europe. 
Captain Bombardier/Canadair, Hartford, CT

05/1996 - 12/1997 

 Responsible for budget development and operational cost analysis for 

Bombardier/Canadair aircraft. 

 Delivered new aircraft to customers worldwide. Provided extensive customer support 

including training and familiarization flights. 

 Represented Bombardier/Canadair aircraft at International air shows. 

 Demonstrated Bombardier/Canadair products to potential customers on operational 

and orientation flights. 

 Performed Completion Center test flights and acceptance flights of customer aircraft 

and the company demonstrator. 

Captain JMI Aviation, Sugar Land, TX

03/1993 – 05/1996 

 Transported corporate and government officials on domestic and International flights 

including numerous diplomatic missions with President Jimmy Carter. 

Captain Commodore Computers, Teterboro, NJ

07/1989 – 03/1993 

 Operated Challenger CL-601 transporting the Chairman of the Board and corporate 

executives worldwide. 

PROFESSIONAL QUALIFICATIONS 

 

 FAA Airline Transport Pilot License – Multi-Engine Land, First Class Medical 

 Canadian Airline Transport Rating – Single/Multi-Engine Land 

 Canadair Challenger CL-604 Type Rating, Bombardier Training Center , Montreal, PQ 

 Canadair Challenger CL-600/601 Type Rating, Flight Safety Int’l., Houston, TX 

 Hawker Siddley HS-125 Training, Flight Safety Int’l., Wilmington, DE 

 Boeing 737NG Training, Alaska Airlines, Seattle, WA 

 Boeing 747 Type Rating, Air Canada, Toronto, ON 

 Canadair Challenger CL-601/600 Recurrent Training Flight Safety Int’l., Tucson, AZ 

 FAA 8410 – 135.293, 135.297 – 04/2010 

 FAA 8410 – 135.299 – 08/2010 

OTHER INTERESTS 

Managing Member, Owner Eagle’s Ridge Ranch, Temecula, CA

06/2003 - Present 

 Responsible for the acquisition and operation of a 120-acre commercial avocado and 

citrus farm producing in excess of 700,000 lbs of fruit annually. 

 Domestic and International export of produce. 

 Implementation for new methods of fertilizer and irrigation programs. 

 Management of administrative personnel, irrigators, harvest workers and etymologists. 
Director, Trustee, Founder The Wellbeck Foundation, Temecula, CA

10/2004 - Present .

 Non-Profit Organization recognized under the IRS and the California Revenue and 

Taxation Code to assist individuals and families who rely on agriculture for their 

livelihood. 

 The Foundation recognizes the dire state of the family farm by providing education and 

financial programs to persons who can benefit from current technological strategies or 

monetary aid. 

EDUCATION 

Seneca College Toronto, ON

09/1986 – 06/1987 

 Aviation & Flight Technology 

P.O. BOX 601441 ▪ SAN DIEGO ▪ CA 92160 ▪ TEL (619) 855-0444 

EMAIL: RB@44665.com
 Albert Murrer IV 1000 Avalon Way 

 Princeton, NJ 08648 

amurrer4@aol.com 678.546.0278 home 

 770.316.4986 cell 

OBJECTIVE Pilot 

 FLIGHT CERTIFICATES AND RATINGS 

 Airline Transport Pilot, Airplane, MEL, CL-600, DC-10, A-320 

 Flight Instructor: Airplane SEL/MEL, Instrument 

 FAA Medical Certificate: Class I, No restrictions 

 SUMMARY OF Total Time 8326 

 QUALFICATIONS 

 Pilot-in-command 4430 Turbine 5310 

 Multi-engine 6033 Single-engine 1393 

 

 EDUCATION B.S. Aviation Management, December, 2000 

 Wilmington University, DE GPA 3.6 Graduated with honors 

 Associate Professional Pilot Degree May, 1998 

 Community College of Beaver County, PA 

 GPA 3.6, James A. Johnson Excellence in Aviation Scholarship 

 Recipient, CCBC Flight Scholarship Recipient 

EMPLOYMENT HISTORY 

 

12/08 to Present, Jet-A, LLC, Allentown, PA 

 Captain Challenger 600 Part 91/135 passenger operations 

7/08 to 4/10, Cameron Henkind Corp. White Plains, NY 

 Captain Challenger 601-3R Part 91/135 passenger operations 

4/99 to Present, Quest Diagnostics, Atlanta, GA 

Part 91 Freight operations transporting time critical lab samples 

Captain TBM 700/C310R/BE58/BE200-300 SIC 

1/08 to 7/08, Virgin America, San Francisco, CA 

 First Officer Airbus 319/320 Part 121 passenger operations 

3/05 to 1/08, Omni Air International, Atlanta, GA 

 Captain DC10-30 Part 121 passenger operations worldwide 

8/01 to 3/05, Atlantic Southeast Airlines, Delta Connection, 

Atlanta, GA Part 121 regional airline passenger operations through out 

the United States, Caribbean, Canada, and Mexico 

First Officer CRJ 700/CRJ 200/ATR 72 

 

 ACTIVITIES/HOBBIES 

 Boating, Ice Hockey, Golf, Flying 

 Boy Scouts of America, Eagle Scout 

 

 PERSONAL Excellent Health 

 Non Smoker 

 No incidents, accidents or violations 

D.O.B. 04/18/79

Prepared by

As of 01/08/2010

Balances

Acct No. 315-1816E-14-86

Gerson Guarino and Meisel

Jet-A Llc

Dr Robert J. Hariri

341 Mendham Rd

Bernardsville NJ 07924-1205

212 643 5757

Market Value % Of Assets**

Money Funds $830,000.00 100.00%

Total Account Value $830,000.00 100.00%

** % of Assets reflects account balances as a percentage of long position & cash rounded to the nearest hundredth. As a result the total may not 

equal 100%.

Investment and insurance products: Not FDIC insured ·No bank guarantee ·Not insured by any federal government 

agency ·Not a bank deposit ·May lose value

Third-party and Morgan Stanley research on certain companies is available to clients of the firm at no cost. Clients can access this research at 

www.smithbarney.com or contact their Financial Advisor to request a copy of this research be sent to them.

Citigroup Investment Research's research ratings are displayed within the Research Rating column in 'Holdings'.

Page 1 of 4
Holdings

Acct No. 315-1816E-14-86

As of 01/08/2010

Prepared by

Quantity Symbol/CUSIP Description Price Market Value

Research 

Rating

Gerson Guarino and Meisel

212 643 5757

Jet-A Llc

Dr Robert J. Hariri

341 Mendham Rd

Bernardsville NJ 07924-1205

830,000.00 #SBNX WESTERN ASSET NEW YORK MUNI — $1.00 $830,000.00

Total Account Value $830,000.00

Page 2 of 4
Bernardsville NJ 07924-1205

341 Mendham Rd

Dr Robert J. Hariri

Jet-A Llc

As of 01/08/2010 

Holdings by Asset Class

212 643 5757 Acct No. 315-1816E-14-86

Prepared by Gerson Guarino and Meisel

100.0%

Cash & Equivalents

Long Positions and Cash

Page 3 of 4
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guaranteed. The information contained in monthly account statements and confirmations reflects all transactions processed by Smith Barney, 

and as such supersedes all other reports for financial and tax purposes.

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