# Jet

‐ A, LLC

600 Hayden Circle Allentown, PA 18109 

### Date: July 6, 2011
Katy O'Toole U.S. Department of Transportation Office of Aviation Analysis Air Carrier Fitness Division (X-56) 

### Subject: Jet-A, LLC Department of Transportation Application
Dear Katy:
As required by regulations we have provided the following documents:
1. Gerry Sykes resume 2. Robert Hariri resume 3. Proof of funding/verification of deposit to meet Dept Financial Fitness test 4. Balance sheet for June 28, 2011 5. P&L Jan-June28, 2011 6. P&L for 2010
The contents of this application and the attached exhibit (s) are true and correct to the best of my knowledge and belief. Pursuant to Title 18 United States Code Section 1001, I [ the individual signing the application, who shall be a principal owner, senior officer, or internal counsel of the applicant ], in my individual capacity and as the authorized representative of the applicant, have not in any manner knowingly and willfully falsified, concealed or failed to disclose any material fact or made any false, fictitious, or fraudulent statement or knowingly used any documents which contain such statements in connection with the preparation, filing or prosecution of the application. I understand that an individual who is found to have violated the provisions of 18 U.S.C Section 1001 shall be fined or imprisoned not more than five years, or both.

I appreciate your consideration and assistance.
Regards,
Signed Electronically

Michael Origel

## GERALD E SYKES JR.

13 BROOKLYN RD POMFRET CENTER CONNECTICUT 06259
Telephone: cell 860

- 753

- 1307 home 860

- 974

- 0067

E

- mail gerry@sykesco.us Home fax 860

- 974

- 3954

OBJECTIVE
Continue using my aviation experience and applying them where necessary to conti nue working in aviation.

EXPERIENCE

Jet

- A, LLC

- Part 135 Air Carrier (Allentown, PA) Chief Inspector/ A&P Mechanic

- 12/08 to P resent

- Challenger 600

- 1073, 1007 Lear 24

- 326 , Columbia 400 and Cessna 421

. C omplied with a 50/100hr 12/24/48 month in

- house inspection as Chief Inspector

. Complied with 300hr. 12 mos. inspections on the challenger to include the 400hr/hot section on the APU. Inspect and conduct/perform maintenance needs of managed aircraft.

Total Aircraft Services (Brainard, CT) Heavy Structur es Technician

- 8/09 to 1/10 Contractor

- Repair an A36 Beechcraft and an Epic (Co mposite Jet) both have landed gear up. SYKES Company

- P resident

- 8/08 to Present Inventor of the BrunoBar I was issued a U.S. patent on 3/08. I started up a company, all t ax ID numbers and applicable accounts and website (www.brunobar.com) associated with a company to sell my new tool. I have purchased tools and equipment necessary to attend and I have attended home shows to promote the tool. I sell them in 8 local stores a s well as on my website. I have researched and selected a manufacturing plant in the U.S.A. that now manufactures the BrunoBar for me. I received my First shipment from them 10/08.

New World Jet / Jet Aviation Business Jets (Bedford, MA) Crew Chief

- 4/0 6 to 7/08 Challenger 601

- 3A/ER s/n 5021 Based at KBED. Duties include; maintaining the airworthiness of the aircraft. Aircraft flight department/office manager. Plan, conduct, identify support needs and execute all maintenance and budgets regarding the a ircraft. Large inspections managed were PreBuy, Paint/Mods, Mode S Enhancement and 240mo Inspection/CPCP.

JET AVIATION (Bedford, MA) Maintenance Supervisor

- 10/05 to 3/06 Duties include: Supervise and lead day and second shifts, 10 A&P techs. Duties inc lude hire and fire employees as needed. Perform evaluation, and mentoring as required. To perform inspections, drop in and A.O.G. aircraft maintenance on all models of Falcon, Challenger, Citiation, Learjet, Hawker, Gulfstream, Kingair, and various piston twin s and singles. RII Q.C. Inspector. Engine run and taxi qualified on Falcon, Kingair, Hawker, Citiation, and Learjet.

### BOM BARDIER AEROSPACE AKA: CANADAIR LEARJET (BRADLEY INTERNATIONAL AIRPORT, BRADLEY, CT)

- 1/97 to 9/05 Aircraft Maintenance, Duties include: Maintaining CHALLENGER 600, 601, 604, CL 601 RJ, 800. 2.5yrs. GLOBAL EXPRESS 6mos. LEARJET 31,35,36,40,45,45XR,55,AND 60 MODELS 5.5yrs.to include any and all maintenance, inspections, modifications and service repairs, windshield cabin win dow ins pection (prism) and repair (micromesh) as well as heavy scratch or crazing removal, N.D.T. Inspector florescent penetrant, eddy current, ultra sound level H, heavy structures cradling, fuselage skins, Qualified to operate bridgeport,and lathes, currently Q .C. Inspector. Achievements/Experience: A&P License; florescent Penetrant Level II Inspector; eddy current level II, back up lead 4 yrs. preformed numerous successful road trips to support customers all over New England ,Co, Il. Tx. Va. Wv. Ny. Nj. Harvey Silver Training Seminar.
NEW ENGLAND AERO SERVICES, INC. (DANIELSON, CT) IA. Assistant/Aircraft Maintenance

- 9/95 to 2/99 , Training to become an I.A. Inspector. Duties include: Re

- skinning and rigging flight controls, preventative maintenance, installin g various modifications to aircraft such as speed mods, smoke systems, G.E.M. installations, improving lighting systems, troubleshooting discrepancies, de

- ice boot repair and maintenance on a variety of light aircraft to include T

- 6s.
AIR FORCE RESERVE (W ESTOVER, MA) Aeronautical Repairman

- 7/91 to 2/97 Duties include: Inspecting, maintenance, repairing in rigging of the landing gear, flight controls, ramps, doors, and visors on the C

- 5 Galaxy. During this time, I left Westover for 1 year to work with the Navy Reserve in their “I” level maintenance shop at South Weymouth N.A.S. Duties include: Inspecting, repairing, rebuilding and testing all types of hydraulic components, performing various non

- destructive testing of aircraft parts (using the following me thods: Eddy current, fluorescent penetrant, ultrasonic and magnetic particle), replacing and repairing tire, wheel and brake assemblies, performing structural repairs on many different components removed from service due to damage or failure.
FLEXCON (SPE NCER, MA) MACHINE ASSISTANT OPERATOR

- 9/92 to 6/95
WYMAN GORDON (WORCESTER. MA)

- MACHINEST/FORKLIFT MAINTENANCE

- 9/89 to 5/91
U.S. NAVY (NAS OCEANA, VA) AVIATION STRUCTRAL MECHANIC

- 7/85 to 7/89 FOR A

- 6E, A

- 6 G, and KA6D, Duties Include: In specting (Collateral Duty! Inspector), tire and wheel maintenance technician, hydraulic contamination analysis technician, non

- destructive inspector operator, final inspector on the flight

- deck of aircraft carriers, and preventative and heavy maintenance. Achievements: Commending letter for outstanding leadership, untiring dedication and exceptional technical abilities, work center tool control petty officer, work center PME calibration officer, fully qualified under Mat Wing OJT standards for airframe work center, designated flight deck safety.

- training PQS, qualified to work with high pressure nitrogen, 6000 lb. military fork lift license, and all GSE gear required for job responsibilities.

### EDUCATION

C L 601

- 3A/R 11/98 initial LEAR 35/36 4/04 RVSM 2/04 LEAR 40/45/45XR 2/04 Eddy Current Inspection 4/01 LEAR 60 10/99 CL 601

- 3A/R 10/06 refresher CL 601

- 3A/R electrical interface 6/07 CL 601

- 3A engine run and taxi 6/07 continually attend F.A.A. training courses A

- 6E/ KA

- 6D initial
HARVARD H. ELLIS (DANIELSON, CT)

- 9/95 to 6/97 AIRCRAFT MAINTENANCE A&P LICENSE
QUABOAG REGIONAL HIGH SCHOOL (WARREN, MA)

- 9/81 to 6/85 RECEIVED AWARD FOR CRAFTSMANSHIP AND AWARD CERTIFICATE IN INDUSTRIAL EDUCATION.

MILITARY EDUCATION
Aviation structural mechanic hydraulics Class A

- I, Framp aviation structural mechanic organizatio nal level maintenance, hydraulic flight control systems, petty officer third class. Indoctrination, career information training course, sexual harassment training, A

- 6 nuclear weapons loading training , and fluorescent penetrant inspection course.

OUTSIDE ACTIVITIES
Inventor, Riding motorcycles and ATV’s, repairing motorized vehicles, carpentry and Real Estate.

REFERENCES
Fran Neligon Ron Boros Owner of Total Aircraft Owner of Jet

- A llc. 860

- 278

- 0853 office 619

- 855

- 0444 860

- 463

- 9725 cell
Roy MacDowell Jr. or III Gary Boroughf Aircraft owners Boulder Capital Manager Lowe’s / Airp ort Manager Danielson 781

- 894

- 1000 860

- 774

- 6168

Joe Breen DANIEL OLM Pilot Jet Aviation Manager/ Bomba rdier Aerospace 860

- 478

- 7196 860

- 974

- 3289
David Dalpiaz TOM KNOWLAND VP Jet Aviation 860

- 324

- 0807 Avionics Bombardier Aerospace 201

- 462

- 4126

### Paul Hood THOMAS PALSHAW Project Supervisor Bombardier/BDL NDT coordinator/qc Insp. Bombardier/BDL 860

- 292

- 7247 860

- 875

- 2945

Chris Houseworth Crew Chief Jet Aviation 781

- 301

- 3426

## ROBERT J. HARIRI, M.D., Ph .D. CHIEF EXECUTIVE OFFICER CELGENE CELLULAR THERAPEUTICS

7 Powderhorn Drive, Warren, NJ 08059 Direct: 7 32

- 564

- 3503 Fax: 732

- 564

- 3507 E

- mail: rhariri@celgene.com



### PROFESSIONAL BIO

The CEO of Celgene Cellular Therap eutics , Dr. Hariri pioneered the use of human stem cells to treat a range of life threatening diseases. In h is career as neurosurgeon and trauma specialist at Cornell University , biotechnology executive, m ilitary surgeon and aviator, Dr. Hariri is most rec ognized for his discovery of pluripotent stem cells from placenta and as a member of the team which discovered TNF (tumor necrosis factor). Dr. Hariri was awarded the Thomas Alva Edison Award in 2007 for his discovery of placental stem cells. Dr. Hariri i s Vice

chairman of the Rocket Racing League and serves on numerous boards including Atlas Therapeutics and Wafergen and is a member of the Board of Visitors of the School of Engineering and the Scien ce and Technology Council of Columbia University and a Tr ustee of the Liberty Science Center and Commissioner of Cancer Research in New Jersey.

PROFESSIONAL INDUSTRIAL POSITIONS
Celgene Cellular Therapeutics Division of Celgene Corporation, Summit, NJ
• Chief Executive Officer, 2005

– present; Preside nt 2002

- 2005 • Division of a 25 billion dollar, public ly traded biopharmaceutical company • Focused on human stem and biomaterial solutions for a range of clinical indications
Anthrogenesis Corp./LIFEBANK, Inc., Cedar Knolls, NJ 1998

- 2002

• Founder , Chairman and Chief Science Officer • A privately held biomedical technology and service corporation involved in umbilical cord blood

banking and its supporting technology platform
Neurodynamics, Inc., New York, NY 1987

- 1994

• Co

- founder, V ice

- Chairman, Chief Scientific Officer • A privately held medical dev ice and technology corporation seed capitalized by Johnson & Johnson.
Forest Laboratories, Inc. (1992

- 1995)

• Advisor

- Pre

- clinical and Clinical Development

EDUCATION

Columbia University School of Engineering and Applied Sciences 1976

- 78 Columbia College A.B. 1980 Cornell University Graduate School of Medical Sciences Cornell University Medical College M.D., Ph .D. 1987PROFESSIONAL ACADEMIC POSITIONS
Cornell University Medical College • Associate Research Professor of Surgery, 1995

- 1997 • Director

- The Center for Trauma Research, 1995

- 1997 • Assistant Professor of Surgery (Neurosurgery), 1989

- 1995 • Co

- Director

- The Aitken Neurosurgery Laboratory, 1988

- 1995 • Instructor in Surgery (Neurosurgery), 1987

- 1989
The New York Hospital

- Cornell Medical Center • Clinical Fellow in Neurosurgery, 1990

- 1994 • Resident in General Surgery, 1988

- 1990

The Jamaica Hospital

- Cornell Trauma Cente r • Assistant Attending Physician

- Dept. of Surgery, Division of Trauma, 1990

- 1994 • Chairman, Institutional Review Board, 1992

- 1995 • Director of Research, 1992

- 1995

BOARD POSITIONS

• Liberty Science Center, Board of Tru stees, 2010

- • Columbia University, School of Engineering and Applied Sciences, Board of Visitors, 2009

- • ImmuneRegen Biosciences (NASDAQ:IRBS)

- Director; 2006

- Present • Semorex Corporation

- Director, 2003

- Present

• Wafergen (NASDAQ:WGBS.OB)

- Director 200 9

- • The Stem Cell Fund

- Director 2009

- • Oak Knoll School of the Holy Child

- Director, Board of Trustees, 2007

- Present • Archon XPrize in Genomics

- Director, Scientific Advisory Board, 2007

- Present • Semorex • Plasmasol

- Director, 2003

- 2005 • Rocket Racing League

- Director and Vice Chairman, 2005

- Present • Somerset Patriots; Atlantic League Professional Baseball Team

- Director, 2004

- Present

PROFESSIONAL MEMBERSHIPS
Military Officers Association of America The Association of Military Surgeons of the Unit ed States The New York Academy of Sciences The American Heart Association The American Association for the Advancement of Science The American Society for Artificial Internal Organs The American Association of Blood Banks Joint Section

- Neurotrauma & C ritical Care, The American Association of Neurological Surgeons The Neurotrauma Society The Society for Critical Care Medicine, Surgical SectionACADEMIC AND PROFESSIONAL HONORS

2006 Thomas Alva Edison Patent Award 2011 Pediatric Cancer Research Foundation Dream Big Award 2007 National Multiple Sclerosis Foundation Man of the Year 2005 ALS Therapy Development Foundation Research Achievement Award Mowrer Memorial Scholarship, Cornell University Medical College, 1983

- 1987 Julian R. Rachele Prize, Cornell University Graduate School of Medical Sciences, 1987 Outstanding Doctoral Dissertation Award, Cornell University, 1987 Joint Section on Neurotrauma, Trauma Section Award, 1990, 1991, 1992, 1994 Peter C. Cannizaro Award, The American Association for the Surgery of Trauma, 1993

ADDITIONAL PROFESSIONAL EXPERIENCE
New Jersey Gubernatorial Healthcare Transition Subcommittee; Governor

- Elect Chris Christie 2009 

### Commissioner for Cancer Research, 2011

-

TEACHING RESPONSIBILITIES

Cornell Universit y Medical College Third Year: Neurology Clerkship Neurosurgery Seminar: Cerebrovascular Dysfunction Second Year: Pathophysiology

- Intracranial Hypertension First Year: Ethics in Medicine: Lecture

- The role of the physician

- scientist in the American health care system Cornell University Graduate School of Medical Sciences Seminar in Neuroscience: Inflammation and cerebrovascular dysfunction in brain injury Preceptor: Surgical Physiology

RESEARCH INTERESTS
• Stem cell biology and transplantation

• Inflammation Pathophysiology of cerebrovascular dysfunction in trauma or ischemic injury • Pulmonary dysfunction following brain injury • Post

- traumatic inflammation and repair • Biology of vasoactive inflammatory mediators • Microcirculation in post

- traumatic wound repair • The role of oxygen and free radicals in inflammation and repair

CURRENT M ILITARY
Captain; General Surgeon; 244 th Medical and 1102 nd Forward Medical Support Detachment; 88 th Brigade, New York Army Guard

PERSONAL

Married to Margaret R. Meade Three children

- Alexandra Meade Hariri, John Robert Hariri, Haley Margaret Hariri Commercial , Ins trument, Multi

- engine Rated Pilot ; Type rated in Challenger 600/ 601Prepared by As of 06/27/2011 

### 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
% Of Assets** Market Value
Cash Account Balance % 38.74 $490,000.00 Money Funds 61.26 774,961.72
Total Account Value $1,264,961.72 100.00%

** % of Assets reflects account balances as a percentage of long position & cash rounded to the nearest hundre dth. As a result the total may not equal 100%. Third-party and Morgan Stanley Smith Barney research on c ertain companies is available to clients of the firm at n o cost. Clients can access this research at www.smithbarney.com or contact their F inancial Advisor to request a copy of this research be s ent to them. Page 1 of 2The above summary/prices/quotes/statistics have been obt ained from sources believed reliable but are not neces sarily complete and cannot be guaranteed. The information contained in client monthl y account statements and confirmations reflects all trans actions, and as such supersedes all other reports for financial and tax purpo ses. Investments and services offered through Morgan Stanle y Smith Barney LLC, and accounts carried by Citigroup G lobal Markets Inc., Members SIPC. © 2011 Morgan Stanley Smith Barney.

Page 2 of 2Jun 28, 11
ASSETS Current Assets Checking/Savings UBOC SIC 1,401,049.87 Total Checking/Savings 1,401,049.87
Accounts Receivable AC Receivable -26,696.64
Total Accounts Receivable -26,696.64
Other Current Assets OWNER DEPOSIT ACCOUNT N500VP DEPOSIT 31,500.00 N673YS DEPOSIT -2,870.72 Total OWNER DEPOSIT ACCOUNT 28,629.28

Total Other Current Assets 28,629.28

Total Current Assets 1,402,982.51

TOTAL ASSETS 1,402,982.51 LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable AC PAYABLE 29,866.11 Total Accounts Payable 29,866.11
Credit Cards AMEX -84,731.25 AMEX PLUM 104,495.02 Avfuel 10,664.25 Bob Amex 18,505.21 CHASE VISA (UAL) 147.00 UVAIR -73.16 Total Credit Cards 49,007.07
Other Current Liabilities Federal Excise Passenge r 687.38 Segment 16.50
Total Federal Excise 703.88

Total Other Current Liabilities 703.88

Total Current Liabilities 79,577.06

Total Liabilities 79,577.06 Equity 30000 · Opening Bal Equity 1,264,207.72 32000 · Retained Earnings -19,861.21 Net Income 79,058.94 Total Equity 1,323,405.45

TOTAL LIABILITIES & EQUITY 1,402,982.51 

### JET-A

06/28/11 

## Balance Sheet

Accrual Basis As of June 28, 2011

Page 1Jan 1 - Jun 28, 11 Ordinary Income/Expense Income Charter Sales [N673YS] 422,511.84 NXXXXX 22,225.32 Charter Sales - Othe r 10,901.90 Total Charter Sales 455,639.06
Maintenance Sales Maint Work Orders 8,424.24 Parts 18,898.24 Total Maintenance Sales 27,322.48 Management Fees 105,666.74 Reimbursable Expenses Business Airline Travel 954.20 Business Ground Transport 231.12 Business Lodging 636.66 Business Meals 47.60 Contract Mechanic 494.52 Contract Pilot 0.00 Fees 3,317.60 Flight Training 2,633.21 Insurance Insurance 22062 2,140.20
Total Insurance 2,140.20 Shipping 1,673.40 Subscriptions & DB Fees 28,566.56 Supplies-Office 119.95 Reimbursable Expenses - Othe r 6,644.27 Total Reimbursable Expenses 47,459.29

Total Income 636,087.57
Cost of Goods Sold 50000 · Flight Expenses Aircraft Services 4,352.63 Airport Fees 15,608.46 Cabin Supplies 701.23 Catering 922.40 Contract Pilot 23,893.78 Fuel and Oil 141,601.01 Navigation Fees 1,245.23 PAX Transportation 621.91 Sub-Charte r 9,285.83 Total 50000 · Flight Expenses 198,232.48 50500 · Crew Expense Airline Travel 3,808.30 Communications 150.00 Ground Transportation 3,130.19 Lodging 19,430.56 Meals 1,211.18 Total 50500 · Crew Expense 27,730.23
51000 · Maintenance C400 Maintenance-General 1,414.84 Contract Mechanic 2,751.41 Freight 957.44 S/N 1073 Aircraft Parts 25,075.90 S/N 1073 Maintenance-General 2,711.07
Total 51000 · Maintenance 32,910.66 

### JET-A

06/28/11 

## Profit & Loss

Accrual Basis January 1 through June 28, 2011

Page 1Jan 1 - Jun 28, 11 52000 · Business Travel Expense Air Travel 14,977.80 Grnd Transportation 2,076.65 Lodgings 3,335.89 Meal 866.34 52000 · Business Travel Expense - Othe r 37.70 Total 52000 · Business Travel Expense 21,294.38
53000 · Insurance INS S/N 22062 5,394.29
Total 53000 · Insurance 5,394.29 54000 · Subscriptions & DB Fees 29,516.56 54500 · Flight Training 13,505.00 55000 · Employee Benefits Health Insurance 1,594.00 Uniform 0.00 Total 55000 · Employee Benefits 1,594.00
56000 · Fees 3,841.77 59000 · OWNER REV Owner Rev 1073 109,393.26
Total 59000 · OWNER REV 109,393.26

Total COGS 443,412.63

Gross Profit 192,674.94 Expense Bad Debt 419.25 Discount Received -4,181.32 Executive Draw 15,477.99 Tax 115.51 60000 · Administrative Expenses 60500 · Salaries 3557 91,666.63 Total 60500 · Salaries 91,666.63 61500 · Flt Ops - Office Supplies 343.10 62000 · Advertising -106.78 64000 · I.T. and Communications 7,961.66 69500 · Bank Fees 1,919.96 Total 60000 · Administrative Expenses 101,784.57
Total Expense 113,616.00
Net Ordinary Income 79,058.94

Net Income 79,058.94 

### JET-A

06/28/11 

## Profit & Loss

Accrual Basis January 1 through June 28, 2011

Page 2Jan - Dec 10 Ordinary Income/Expense Income Charter Sales [N673YS] 274,387.52 NXXXXX 58,043.96 Charter Sales - Othe r 7,483.82 Total Charter Sales 339,915.30
Maintenance Sales Maint Work Orders 1,940.18 Parts 15,327.68 Total Maintenance Sales 17,267.86 Management Fees 199,999.82 Reimbursable Expenses Bob Amex (FOR JOURNAL ENTRY ONLY) 124,980.22 Business Airline Travel 2,508.88 Business Ground Transport 875.64 Business Lodging 2,052.83 Business Meals 44.88 Contract Mechanic 12,350.00 Crew Uniform 254.00 Fees 12,894.39 I.T. and Communications 267.96 Insurance 2,000.00 Shipping 656.61 Subscriptions & DB Fees 20,099.42 Supplies-Hanga r 225.47 Supplies-Office 182.93 Reimbursable Expenses - Othe r -4,528.15 Total Reimbursable Expenses 174,865.08

Total Income 732,048.06
Cost of Goods Sold 50000 · Flight Expenses Aircraft Services 8,194.28 Airport Fees 19,811.06 Cabin Supplies 1,074.37 Catering 2,313.33 Contract Pilot 15,400.00 Fuel and Oil 168,460.77 Navigation Fees 5,341.60 PAX Transportation 3,052.27 Sub-Charte r 62,751.56 Total 50000 · Flight Expenses 286,399.24 50500 · Crew Expense Airline Travel 1,046.10 Communications 9.98 Ground Transportation 3,880.72 Lodging 16,074.39 Meals 4,350.54 Total 50500 · Crew Expense 25,361.73
51000 · Maintenance C400 Aircraft Parts 1,006.61 C400 Maintenance-General 636.59 Contract Mechanic 24,182.16 Freight 1,064.65 S/N 1007 Maintenance-General 640.90 S/N 1073 Aircraft Parts 51,737.14 S/N 1073 Maintenance-General 12,998.88 S/N 326 Aircraft Parts 9,442.11 S/N 326 Maintenance-General 261.16
Total 51000 · Maintenance 101,970.20 

### JET-A

03/24/11 

## Profit & Loss

Accrual Basis January through December 2010

Page 1Jan - Dec 10 52000 · Business Travel Expense Air Travel 12,582.68 Grnd Transportation 2,668.49 Lodgings 6,187.73 Meal 1,386.30 Total 52000 · Business Travel Expense 22,825.20
53000 · Insurance INS S/N 1073 2,000.00
Total 53000 · Insurance 2,000.00 54000 · Subscriptions & DB Fees 32,714.07 54500 · Flight Training 20,000.00 55000 · Employee Benefits Drug Testing 322.25 Health Insurance 3,480.00 Uniform 1,628.42 55000 · Employee Benefits - Othe r 150.00 Total 55000 · Employee Benefits 5,580.67
56000 · Fees 13,974.89 59000 · OWNER REV Owner Rev 1073 55,358.60
Total 59000 · OWNER REV 55,358.60

Total COGS 566,184.60

Gross Profit 165,863.46 Expense Discount Received -4,152.35 Executive Draw 24,216.32 Tax 2,082.18 60000 · Administrative Expenses 60500 · Salaries 3557 199,999.92 Total 60500 · Salaries 199,999.92
60600 · Outside Labo r 1,629.85 61000 · Flt Ops - Hangar Supplies 12.19 61500 · Flt Ops - Office Supplies 596.66 62000 · Advertising 153.34 64000 · I.T. and Communications 18,698.17 69000 · Miscellaneous 1,984.55 69500 · Bank Fees 2,404.70 Total 60000 · Administrative Expenses 225,479.38
Total Expense 247,625.53
Net Ordinary Income -81,762.07

Net Income -81,762.07 

### JET-A

03/24/11 

## Profit & Loss

Accrual Basis January through December 2010

Page 2