BEFORE THE 

U.S. DEPARTMENT OF TRANSPORTATION: 

Application of 

OFFICE OF THE SECRETARY 

WASHINGTON, D.C. 

) 

) 

) 

) 

·~ ! 3 

SUN AIR EXPRESS, LLC d/b/a SUN AIR 

INTERNATIONAL ) Docket OST-2011-0169 

For authority to conduct scheduled passenger 

operations as a commuter air carrier under 49 

U.S.C. 41738 

) 

) 

) 

) 

______________________________) 

AMENDMENT TO THE APPLICATION OF 

SUN AIR EXPRESS, LLC d/b/a SUN AIR INTERNATIONAL 

Communications with respect to this Application should be sent to: 

Thomas L. Cooper Lonnie Anne Pera 

Lt: I 2 

Chief Executive Officer & President 

SUN AIR EXPRESS, LLC d/b/a 

ZUCKERT, SCOUTT & RASENBERGER, 

SUN AIR INTERNATIONAL 

3201 Griffin Road 

Fourth Floor 

Fort Lauderdale, FL 3 3 312 

(954) 660-9865 

FAX: (954) 359-9502 

tlcooper@gosunair.net 

Dated: September 23, 2011 

L.L.P. 

888 Seventeenth Street, N.W. 

Suite 700 

Washington, D.C. 20006 

(202) 973-7913 

FAX: (202) 342-0683 

lapera(a{zsrlaw.com 

Counsel for Sun Air Express, LLC d/b/a Sun 

Air International 
BEFORE THE 

U.S. DEPARTMENT OF TRANSPORTATION 

OFFICE OF THE SECRETARY 

WASHINGTON, D.C. 

Application of 

SUN AIR EXPRESS, LLC d/b/a SUN AIR 

INTERNATIONAL 

For authority to conduct scheduled passenger 

operations as a commuter air carrier under 49 

U.S.C. 41738 

) 

) 

) 

) 

) Docket OST -2011-0169 

) 

) 

) 

) 

______________________________ ) 

Dated: September 23, 2011 

AMENDMENT TO THE APPLICATION OF 

SUN AIR EXPRESS, LLC d/b/a SUN AIR INTERNATIONAL 

Sun Air Express, LLC d/b/a Sun Air International ("Sun Air" or the "Applicant") hereby 

submits this Amendment to the Application for authority to operate scheduled passenger service 

as a commuter air carrier. Sun Air filed the Application with the Department on September 9, 

2011. 

In support of this Amendment, Sun Air respectfully states as follows: 

1. Since filing the Application, Sun Air has re-evaluated the Bahamas market. It has 

determined that there is no scheduled service to Bimini Island at this time. A new resort has 

opened recently in Bimini, and the Bimini authorities are aggressively advertising this resort. 

Sun Air can provide needed scheduled services, as a commuter carrier, to this destination. 

2. Sun Air also has determined that, given its existing on-demand services from 

Miami, it can use its aircraft more efficiently from Miami than from West Palm Beach. With 
APPLICATION OF 

SUN AIR EXPRESS, LLC d/b/a 

SUN AIR INTERNATIONAL 

Page 2 

shorter flight time and lower operating costs as a result, Sun Air can offer reasonable fares to the 

traveling public. 

3. For commercial reasons, Sun Air is submitting this Amendment to propose 

scheduled passenger services, as a commuter air carrier, between Miami on the one hand and 

Bimini on the other hand. In this Amendment, Sun Air corrects paragraph 5 of the Application 

to reflect its new service proposal: 

Corrected Paragraph 5: 

5. Sun Air now wishes to offer scheduled passenger air transportation 

services as a commuter air carrier. Accordingly, it is applying for Part 298 

exemption authority to engage in scheduled passenger air transportation services. 

Initially, Sun Air proposes to offer one roundtrip flight each day between Miami, 

Florida and Bimini, Bahamas. Applicant will use four Piper Chieftain aircraft for 

these services. Sun Air discusses its service proposal in more detail in Exhibit 

SUN-800. 

Sun Air also encloses Revised Exhibits SUN-I 00 and SUN-200 to reflect the new service 

proposal. In addition, it amends Exhibits SUN-800, SUN-801, and SUN-802. Revised Exhibits 

SUN-800 and 801 describe the service proposal, while Revised Exhibit SUN-802 provides a new 
APPLICATION OF 

SUN AIR EXPRESS, LLC d/b/a 

SUN AIR INTERNATIONAL 

Page 3 

forecast for the proposed Miami-Bimini service. If authorized, Sun Air will begin scheduled 

commuter services on December 1, 2011. 

4. The Application and all accompanying Exhibits demonstrate that Sun Air is fit, 

willing, and able to perform properly the scheduled commuter air transportation services for 

which authority is requested in this Application and to comply with the statutory provisions and 

the Department's rules, regulations, and requirements. 

WHEREFORE, Sun Air Express, LLC d/b/a Sun Air International respectfully requests 

that the Department authorize it to conduct scheduled commuter air transportation services under 

49 U.S.C. § 41738 and 14 C.F.R. Part 298. Sun Air also requests such further, different, and 

additional relief as the Department may deem to be appropriate. 

Dated: September 23, 2011 

Respectfully submitted, 

ZUCKERT, SCOUTT & RASENBERGER, 

L.L.P. 

By: 

888 SevestJ~th Street, N.W. 

Suite 700 

Washington, D.C. 20006 

(202) 973-7913 

Counsel for Sun Air Express, LLC d/b/a Sun Air 

International 
CERTIFICATE OF SERVICE 

I hereby certify that on this 23rct day of September, 2011, a copy of the foregoing 

AMENDMENT TO THE APPLICATION OF SUN AIR EXPRESS, LLC d/b/a SUN AIR 

INTERNATIONAL was served by first class mail, postage prepaid, on the parties named below: 

Mr. Edward Dasilva 

Flight Standards District Office-17 

Federal Aviation Administration 

2895 S.W. 145th Avenue 

Suite 120 

Miramar, FL 33027 

Mr. Emesto Rodriguez 

Air Service Development Manager 

Marketing Division 

Miami-Dade Aviation Department 

P.O. Box 025504 

Miami, FL 33102-5504 

Mr. Bruce V. Pelly 

Director, PBIA 

846 Palm Beach International Airport 

PBIA Building 846 

West Palm Beach, FL 33406-1470 
VERIFICATION 

This Amended Application and the information therein, including the Exhibits attached 

hereto, are true and correct to the best of my knowledge and belief. Pursuant to Title 18, United 

States Code section 1001, I, Thomas L. Cooper, 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 conne~tion with 

the preparation, filing or prosecution of the Amended Application or the initial Application. I 

understand that an individual who is found to have violated the provisions of 18 U.S.C. § 1001 

shall be fined or imprisoned not more than five years, or both. 

Respectfully submitted by 

~2?~'----~ Chief Executive Officer and President 

Sun Air Express, LLC d/b/a Sun Air International 
OPENING ARGUMENT 

Revised Exhibit SUN-100 

Page 1 of2 

Sun Air Express, LLC d/b/a Sun Air International ("Sun Air" or the "Applicant") 

requests an exemption under Part 298 of the Department's regulations to engage in scheduled 

passenger air transportation services as a commuter air carrier. The main office address and 

telephone and facsimile numbers for Sun Air are: 

SUN AIR EXPRESS, LLC d/b/a 

SUN AIR INTERNATIONAL 

3201 Griffin Road 

Fourth Floor 

Fort Lauderdale, FL 33312 

(954) 660-9865 

FAX: (954) 359-9502. 

The contact persons for purposes of this Application are: 

Thomas L. Cooper 

Chief Executive Officer & President 

SUN AIR EXPRESS, LLC. 

3201 Griffin Road 

Fourth Floor 

Fort Lauderdale, FL 33312 

(954) 660-9865 

FAX: (954) 359-0367 

tlcooper@gosunair.net 

Lonnie Anne Pera 

ZUCKERT, SCOUTT & RASENBERGER, L.L.P. 

888 Seventeenth Street, N.W. 

Suite 700 

Washington, D.C. 20006 

(202) 973-7913 

FAX: (202) 342-0683 

lapera(a)zsr law. com 

Counsel for Sun Air Express, LLC d/b/a Sun Air 

International 

Sun Air currently provides on-demand transportation services of passengers and cargo, 

pursuant to Part 298 of the Department's regulations and to a Part 135 Air Carrier Certificate. 

Applicant primarily provides these services between points in Florida and points in the Bahamas. 

Sun Air now wants to offer scheduled passenger transportation services as a commuter air and 

submits this Application for the required authority. It has submitted to the Federal Aviation 
Revised Exhibit SUN-100 

Page 2 of2 

Administration ("FAA") a Pre-Application Statement ofintent for expanded Part 135 certificate 

authority. 

Initially, Sun Air proposes to offer one roundtrip flight each day between Miami, Florida 

and Bimini, Bahamas. Sun Air will provide these services with Piper Chieftain PA-31-350 

aircraft (with nine passenger seats). Applicant wishes to commence these services on December 

1, 2011. 

Sun Air meets all of the legal requirements for the requested exemption authority, as 

specified in section 4173 8 of the Transportation Code and Part 298 of the Department's 

regulations. As evidenced by the exhibits included within this Application, Sun Air is fit, 

willing, and able to perform the services for which authorization is requested. 

Applicant's officers and key management personnel (the "Management Team") are 

experienced and capable of operating an efficient, well-run airline. See Exhibit SUN-600. All 

members of the Management Team are citizens of the United States. A U.S. citizen also 

ultimately owns and controls Applicant, a limited liability company organized under the laws of 

the State of Delaware. See Exhibit SUN-502. Sun Air's operating and financial plans, 

moreover, demonstrate that it has the capital necessary to conduct the proposed scheduled 

services. See Exhibit SUN-700. Finally, Sun Air has an excellent record of complying with all 

U.S. governmental regulations. See Exhibit SUN-900. 
APPLICANT'S HISTORY 

Bankruptcy and Prior Ownership 

Revised Exhibit SUN-200 

Page 1 of3 

On November 4, 2010, Gulfstream International Group, Inc. ("GIG") filed voluntary 

petitions for relief under Chapter 11 of Title 11 of the United States Bankruptcy Code in the U.S. 

District Court for the Southern District of Florida (the "Bankruptcy Court"). GIG, at that time, 

was the parent entity of Gulfstream International Airlines, Inc. ("GIA'') and Gulfstream 

Connection, Inc. ("Connection"). Connection, an air taxi operator, was known prior to 2007 as 

"Gulfstream Air Charter, Inc." The corporate history of the air taxi operator Gulfstream Air 

Charter was provided to the Department in docket OST-2005-21348. 

On or about November 3, 2010, GIG obtained up to $5.0 million in debtor-in-possession 

financing from Victory Park Capital Advisors, LLC, an alternative asset management firm 

located in Chicago, Illinois. This financing, among other things, allowed Connection to continue 

on-demand operations during GIG's bankruptcy. 

The Bankruptcy Court, on January 21, 2011, authorized the sale of GIG's assets, 

including its subsidiaries GIA and Connection, to VP AA Co. ("VP AA"). VPAA is a holding 

company incorporated under the laws of the State of Delaware. 

The Department approved the transfer of GIG assets to VPAA on April29, 2011. See 

Order 2011-4-28. This order specifically addressed the transfer of GIA' s commuter air carrier 

authority from GIG to VPAA. In approving the transfer, the Department determined that VP AA 

is a citizen of the United States and is fit, willing and able to engage in scheduled air 

transportation as a commuter air carrier. 

As contemplated in bankruptcy, VPAA reorganized Connection into a limited liability 

company under the laws of the State of Delaware. On May 4, 2011, "Gold Coast Airline, LLC" 
Revised Exhibit SUN-200 

Page 2 of3 

became the successor to Connection. On June 10, 2011, VP AA renamed "Gold Coast Airline, 

LLC" as "Gulfstream Air Express, LLC." The name changed again on June 15,2011 to "Sun 

Air Express, LLC," the Applicant herein. Exhibit SUN-201 includes the Certificate of 

Formation as well as various Certificates of Amendment. 

On June 16, 2011, Applicant submitted the Air Taxi Operator Registration and 

Amendments Form (Form 4507) to the FAA. This form reported the changes in Applicant's 

ownership (from GIG to VPAA), name (from Gulfstream Connection to Sun Air Express), and 

address. FAA approved the amendments on June 21, 2011. See Exhibit SUN-40 1. 

Current Ownership 

On July 26, 2011, Cooper Trading Corporation ("Cooper Trading") and Mr. Thomas L. 

Cooper purchased from VP AA all ownership interest in "Sun Air Express, LLC." Mr. Cooper is 

the President and Chief Executive Officer of Cooper Trading, a corporation organized under the 

laws of the State of Florida. Mr. Cooper holds 100 percent of the issued and outstanding shares 

of common stock in Cooper Trading. He also was the former President and Chief Executive 

Officer of Connection (and, at one time, ofGIA). 

With significant aviation experience, Mr. Cooper will oversee Applicant's business. He 

plans to maintain the same management team as under VP AA. Applicant also will continue to 

provide on-demand services. Mr. Cooper ultimately plans for Applicant to offer commuter 

passenger services and has submitted this Application for the necessary authority. 

Upon completing this purchase, Mr. Cooper established a trade name for Applicant: Sun 

Air International. VP AA then submitted to the FAA a request to transfer the Air Carrier 

Certificate to Cooper Trading and to reissue the certificate in the name "Sun Air Express, LLC." 
Revised Exhibit SUN-200 

Page 3 of3 

The request is enclosed in Exhibit SUN-202. The FAA transferred and reissued the certificate on 

September 2, 2011. See Exhibit SUN-402. 

Nature of Current Business 

During the bankruptcy proceeding and through to the present, Applicant has continued 

on-demand passenger operations. Sun Air operated these services with multi-engine Piper 

Chieftain PA-31-350 aircraft primarily between Florida and the Bahamas. It also provided allcargo charter services between Miami and Havana. 

Proposed Services 

Sun Air proposes to conduct scheduled passenger air transportation services, as a 

commuter air carrier, between points in Florida and points in the Bahamas. Initially, it will 

operate one roundtrip flight each day between Miami, Florida and Bimini, Bahamas. Applicant 

will provide this service with four Piper Chieftain PA-31-350 aircraft. 

Management T earn 

Sun Air has an experienced Management Team. Members of this team have worked in 

aviation related positions for many years. At this time, it does not expect to change key 

management personnel or to add new management personnel to its team. 

Facilities and Operations 

Applicant does not plan to expand its facilities, if the Department grants the requested 

authority. Sun Air currently has its main office at 3201 Griffin Road, Fourth Floor, Fort 

Lauderdale, Florida 33312. 

Sun Air also leases offices at a hangar facility located at the Fort Lauderdale-Hollywood 

International Airport. The address of the hangar is 240 S.W. 34th Street, First Floor, Fort. 

Lauderdale, FL 3 3 315. Sun Air stores and maintains its aircraft at this facility. 
Revised Exhibit SUN-800 

Page 1 of2 

PROPOSED SERVICE AND FORECAST DATA 

Sun Air initially proposes one roundtrip flight each day between Miami, Florida and 

Bimini, Bahamas. It will provide this service with Piper Chieftain PA-31-350 aircraft. The 

proposed flight schedule is in Exhibit SUN-80 1, attached hereto. 

Sun Air estimates that during the first full year of the proposed service, it will carry a 

total of 3,626 one-way passengers between Miami and Bimini. The anticipated financial results 

from this service are provided in Exhibit SUN-802. 

After the sale of Applicant from VPAA to Cooper Trading, Mr. Cooper instituted a new 

business philosophy at Sun Air. He tightened controls on expenses and increased the frequency 

of maintenance on all aircraft. The latter, in tum, increased the reliability of the fleet. In 

addition, Mr. Cooper designed a more professional product for the traveling public. This product 

will include an upgraded web-based reservation system. He also increased marketing of allcargo transportation services, which ultimately resulted in Sun Air entering into two separate allcargo charter agreements. Under these agreements, Sun Air has been transporting overflow 

baggage for passengers traveling on Gulf stream International Airlines' scheduled flights and for 

OF AC-licensed passengers travel on Gulfstream Air Charter's public charter flights. These 

cargo services have proved to be highly successful for Applicant. 

As a result of these changes, Sun Air has experienced a financial tum-around. 

Specifically, the financial results for July 20I I have significantly improved, with Sun Air 

earning a $37,896.45 profit. See Exhibit SUN-701. Sun Air anticipates that it will maintain a 

strong financial position through 201 I . 

An established air taxi operator with a dedicated Management Team, Sun Air currently 

has, and will maintain, a revenue stream that will support the proposed services. As is reflected 
Revised Exhibit SUN-800 

Page 2 of2 

in Exhibit SUN-701 and SUN-801, Sun Air has sufficient cash on hand to cover (a) one-time 

pre-operating costs and (b) three months of normal operating expenses. 
Flight 

Number 

600 

601 

MIA= Miami 

BIM =Bimini 

From 

MIA 

BIM 

PROPOSED FLIGHT SCHEDULE 

To Depart Arrive 

BIM 09:00am 09:25am 

MIA 10:00 am 10:28 am 

Revised Exhibit SUN-801 

Page 1 of 1 

Frequency Effective 

Daily 12/01131 

Daily 12/01131 
' I 

Sun Air Exeress, LLC 

dba Sun Air International 

Annual Projec~ed Profit and Loss 

MONTH DEC ~J __ J~N FEB- !- MAR j APR MAY JUNE [ JULY 

;~Av_s 31 1 31 1 2s r 31 I 30 31 30 I 31 

1:~~iti~~~~~~~~~~~~11-~·~:,;k,;J,~ ~_-,,~6~ ~1~ 12~a<fll .}1-3i¥i J -,, ,fJ j $ _ 4~,,','; $ 

'~~~~~m~i_m: __ t :§ -65o-to

0 

=$_ __§_5oo~ ~) 65Q.o

2

tr $-_ 650.o

2

tl $- 65o o

2

!-t $- 65o.o ~4 $-- €f5Q}~~J $.--- 6}Qi~\$.- . !F{eve_n_ue ___ J '$_13,000 ~$ _ 9,7~0-~$ _ 13_.000.-l $_ -1§..25o-:-) $_~ 1§~50=1 $-= 1~so--.~ $= 1_§_.25D.i $ _ 1~._5oo, $ _ 

AD-HOC I i l ' I I i ~Block time/mo 1 - 46T - -- 40 1 -40 - - -40 1 - 251 - -- -251 - 30 I 30 1 

Rate/hr - 1 $ 656.60' $ 650.00 ' $- -650.00 r$ 65000 t-$ 650.00 :-$ 650.00 $ 650.66 ! $ 65().00 j$ 

_ 'cu~:venue • $ }_6~00~-~j )§,OO() \t __ 26:~oo-p -26,QO(~$ 16~~o[$ _16,25o ~$ 19~00 ~ $ 19,~00 ! $ 

Trips/Mo 45' 25' 30 351 35' 301 30' 35i - 'sfock tim-e/trip - -~ - -3.5r

1

.- 3.5[ - - 3:51 3.51 - 3.5. 3~51, -- 3-5~ - 3.5i 

' [§_iocktlm~m() - -- [ __ - _158_- - - - as; - - 1 05[_ - -1]3T_ . 123; -1 05! . - 1 Q5 i -- 123JRate/trip 1 $ 2,700 '• $ 2,700 I$ 2,700! $ 2,700 i $ =?,?QO lJ 2,7()0 I$ 2,7()0; $ 2,700! $ 

Td~~1t:~,~~ -- -=~ :=f12-(5:5t != 6!-~510;0;$- §1,~::orf _94,~~6)-$ ~4.~::61_$ 81,010:3;$ 81,~0:ti$ 94,52~0~ ~ 

;~~~~~~~-~ T--=- ~-=l$19~~1_~i (12~8fl~ $_~~9.3~2 ~$ 3_75~~651$ ~!69~~o l? 154J-175r$ -156.73~f$ 17~B17 l $ 

INCOME 

ALL FLYING OPN · $ 195~914 I $ -•· $ 149,322 I $ I 

:, 

129,811 175,116: $ 1139,840 ; $ 154,817 1 $ 156,734: $ 174,817. $ 

Total • $195,914 $ 129,811 • $ 149,322 I $ 175,116 i $ 169,840 ! $ 154,817: $ 156,734 ' $ 174,817 '$ 

414 j $ 

210l --87,1?5 ~ 

I -- - - r 1,085 • $ 

7,853: $ 

EXPENSES 1 

v~~~0J~,.i~" ~i - ... !1 - •J;',i L ~;~]_$ . ~':0) $ ~· ~'~~ L ~6, ~$ . -'\'.iot$ .. <;;,1$ . - IAirc_r~ftc_~St __ - ----=-J)_10i,68~-~( f()_,61.Q~.i.'$._-78,_.8f4_1) -~8 .. 9.d56+ .. -$.· _8.2,668\ $ ~. 7.5c·7_·89_j_f .._ 77,'!88 '[ $ Total~chedule,dvariableexeenses i- _ ]_ _____ ( ___ ~c ___ , _____ \ __ __ 

; Bim_1n1 total turns $ 1 ,085t$ 1,085 · $ 980 , $ 1,085 i $ 1,050 1 $ 1,085 [ $ 1 050 $ 

M1am1 tetalturns -- ~- 1 $-- 6,844- $- 5;330\ $- 5,726\'$- -7,348($ -8,o87: $ -7,8531 $- -7:599! $ 

TotaiSchedVAR! -~-~1Q§l,6J:§L$ 77,02_5L~ 85.~op __ 97,~89J$ 91,?051$ 84,7Pi_$ _86,1371,$ FIXED -- -- j- • ' I I ' . t 96,122 i $ 

. o11e time ~es& Legal tie 1 $ 30 boo 1 -

TOTAL : $ 72\43 \ $- 42,143-1 $ 42,1431 $ 42,143' $ 42,143 i $ 42,143 $ 42,143 $ 42,143 $ 

TOTAL EXPENSES $181,759 $ 119,168 i $ 127,663, $ 139,832 I $ 133,948 ! $ 126,870 i $ 128,280 i $ 138,265 $ 

P~OFIT(LOSS) .. $ 14,155,$ 10,6~~ .. ~ 21,659 •. $ 35,283 ' $ 35,892 ! $ 27,947 . $ 28,454 $ 36,552 i $ 

' 

AUG 

31 

28! 

38,366 1 $ 

3oi. 

~50.()0-1 _$ 

19,5_00 $ 

251

; 

650.00 $ 

16,250 1 $ I351 

35' 

1231 

2,700 j $ 

94,500-i $ 

205 1 

168,616 $ 

5 

168,616 $ 

168,616 .$ 

414 ' $ 

205! 

8§,11_3] $ 

--

1,085 i $ 

7,348 '. $ 

93,546 . $ 

42,143 I $ 

135,689 $ 

32,927 $ 

SEPT 

30 

27 1

: 

28,560 • $ 

I 

101 

650.00 $ 

6,500 $ 

1 

650.00 : $ - I 

9,750: $ 

25 1 

3.5 1 

88 

2,700 : $ 

67,500 I $ 

140 - - -i 

112,310. $ .--

5 

112,310 '$ 

112,310. $ 

. 

4141$ 

1401 

57,805 ! $ 

I 

1,0501 $ 

5,647 11 $ 

64,502 ] $ 

42,143! $ 

106,645 : $ 

5,665 j $ 

Exhibit SUN-802 

Page 1 of 5 

OCT NOV TOTAL 

31 30 

28; 2i 329 

32,463 I $ 37,128: $ 431,637 

151. 20' 260 

650.00 I $ 650.00 I $ 7,800 

9,750 ! $ 13,000 ; $ 169,000 

201 30 360 

650 00 : $ I 

650.00 . $ 7,800 

13,000: $ 19,500' $ 234,000 

25i 30 1 380 

3.5! 3.5 

' 

42 

as; 105 1330 

2,700 $ 2,700 

67,500 $ 81,000 $ 1,026,000 

' 

150 182 2279 

122,713 '$ 150,628 . $ 1,860,637 .. 5 5 

122,713 '$ 150,628 ' 

122,713 $ 150,628 $ 1,860,637 i 

414 \ $ 414' 

150 182 

_§2,322 $ 75,416 1

: 

I 

1,085 $ 1,050: 

6,339 $ 7,111 

69,746 '$ 83,577 • 

42,143 I $ 42,143 $ 535,716 

111,889 $ 125,720 $ 1,575,729 

10,824 $ 24,908 $ 284,908 
MONTH INDICEES DEC JAN 

DAYS 31 31 

SCHEDULED SERVICE 

Miami/Bimini 

Round trips 31 31 

Block times 0.9 0.9 0.9 

Blk time/Mo 28 28 

Avg revenue net of fed taxes $ 119.00 $ 119.00 $ 119.00 

Seats 0 16 16 

UF 60% 45% 

Pax 298 223 

Revenue $ 35,414 $ 26,561 

Bimini variable expenses 

Cost per turn $35.00 $ 35.00 $ 35.00 

Mo cost/turn $ 1,085 $ 1,085 

Miami variable expenses 

Landing fees $ 25.50 $ 791 $ 791 

Customs & Immigration 

Per enpJaned _[)assenger $ 20.34 $ 6,053 $ 4,540 

Station personnel ,(see Fixed expenses) 

Mo cost/turn $ 6,844 $ 5,330 

SUN AIR Express 

dba SUN AIR International 

Scheduled Service Income and Expense Data 

FEB MAR APR MAY 

28 31 30 31 

28 31 30 31 

0.9 0.9 0.9 0.9 

25 28 27 28 

$ 119.00 $ 11900 $ 119.00 $ 119.00 $ 

16 16 16 16 

55% 65% 75% 70% 

246 322 360 347 

$ 29,322 $ 38,366 $ 42,840 $ 41,317 $ 

$ 35.00 $ 35.00 $ 35.00 $ 35.00 $ 

$ 980 $ 1,085 $ 1,050 $ 1,085 $ 

$ 714 $ 791 $ 765 $ 791 $ 

$ 5,012 $ 6,558 $ 7,322 $ 7,062 $ 

$ 5,726 $ 7,348 $ 8,087 $ 7,853 $ 

JUNE JULY AUG 

30 31 31 

30 31 31 

0.9 0.9 0.9 

27 28 28 

119.00 $ 119.00 $ 119.00 

16 16 16 

70% 70% 65% 

336 347 322 

39,984 $ 41,317 $ 38,366 

35.00 $ 35.00 $ 35.00 

1,050 $ 1,085 $ 1,085 

765 $ 791 $ 791 

6,834 $ 7,062 $ 6,558 

7,599 $ 7,853 $ 7,348 

Exhibit SUN-802 

Page 2 ofS 

SEPT OCT 

30 31 

30 31 

0.9 0.9 

27 28 

$ 119.00 $ 119.00 

16 16 

50% 55% 

240 273 

$ 28,560 $ 32,463 

$ 35.00 $ 35.00 

$ 1,050 $ 1,085 

$ 765 $ 791 

$ 4,882 $ 5,549 

$ 5,647 $ 6,339 

NOV 

30 

30 

0.9 

27 

$ 119.00 

16 

65% 

312 

$ 37,128 

$ 35.00 

$ 1,050 

$ 765 

$ 6,346 

$ 7,111 
GEN & ADMIN - ~ ~ - ' ----- --- --

Office Manager . OFFICE ' - - ' - -

COMMUNICATIONS 

ACCOUNTING 

'LEGAL r 

'TOTAL -- . -- -- , __ --

SALES & MARKETING 

'MARKETINGTFUGHT I FOI...LOWI NGJAU DIT 

. i 

- - - :Manager-~ -- 1 $ 950 

- 1. f3es_ ag_E;nt~i - 1 $ 34o : 

Res system 

- FlightFollowlngW/E '$ 160.00 

ADVERTISIN-G - --, ·-- - , __ 

- 'PROMOTIONS _ , _ _ , 

SCHEDULED STATION EXPENSE (2) 

" 1TOTAL . - -

MAINTENANCE -- -~- - ~-

PERSONNEL 

i Director ofMalnt - -- ---- -

HANGAR. 

--- ---- ---- -- --- --

PUBLICATIONS - T -- - I l- - --

:TOTAL .. r-- - -- - __ L- - ~ ~---- --- ---

OPERATIONS ! - ~-~-- - --

PERSONNEL 

iPer week 

--r $- 1,260-' 

I 

-I~ 

i8ASE 

Director of Operations i $ · Pilots (1)' - ·- -

AIRCRAFT 

PA 31-350' ' --- - ' 

INSURANCE - --- --- -

.PUBLICATIONS 

-TOTAL 

- j -- _ _i 

i 

_L --- -

NOTES 

' 

$ 

__ SIJn ,4.ir Expres~ LLC _ 

dba Sun Air International 

Fixed ~xpenses 

' 

I 

1 $ 2,300 I $ - : - - - I 

• $ I$ 

- -\-1---{~§~ l i - ! $ 56o r- $ -

12,000 

24,000 

6,000 . I ; - i I $ i 

• $ 5,800 i $ 69,600 i I .... j ... j 

', $ 

$ 

$ . 4,085 :-$ 

$ 1,462 : $-

. $ 750 ·. $ 

: $ 688: $ 

I 

$ 2,000 $ 

49,020 I 

17,544 i 

9,000 

8,256: 

24,000 

! $ 1,000 '. $ 

.• $ 4,500 ; $ 

'$ 14,485:$ 

$ 

$ 

! $ 5,418 $ 

-l : ;~~-~ r~- -j-

;$ 

12,000 

54,000 

173,820 

i 

I 

65,016 I 

36,000 

6,000 

_1 $ ~.~1? 1 i _1_07,_~16_~ . . ! $ -- _, 

'$ I 

'$ 3,440, $ 41,280 I 

$ 

'$ 

. $ 2,000 ; $ 24,000 i 

$ 7,000 . $ 84,000 

, $ 5oo ; $ 6,ooo i 

; $ 12,940 $ 155,280 ; ... $ 

1 $ 42,1431 $ 505,7161 

-- -

I 

I 

1 

2 

pilots expensed und~r AIRCRAFT VARIABLE under Crew 

Miami and Bimini turn ex enses under "Scheduled variable expenses" 

L 

STATIONS 

1

MIA: 1...... ; 

Agent 

iBaggage ! _j__ --- - --~ 

landlng feesl 

,Custom/lmm 

:turn fee -1 .. . 

1 jMisc I - t 

Exhibit SUN-802 

Page 3 ofS 

, MONTHLY :ANNUAL 

'$ I ... 

!$ 

$ 

$ 

2,500 I $ 

1,800 . $ 

1$ 

\$ 

$ 

200. $ 

' $ 

1$ 

4,500 ' $ 

30,000 

21,600 

2,400 i 

54,000 

All turn expenses listed under "SCHEDULED 

, VARIABLE EXPENSES" . 

- I 

I 

[-

i 

·, -

I 

'I . 
Sun Air Express, LLC 

dba Sun Air International 

EXPENSES ALLOCATED TO SCHEDULED SERVICE (first three months) 

Reference 

Aircraft block time Scheduled Service Income and Expense Data 28 28 

Rate Aircraft per Hour Aircraft Cost per Block Hour $ 414 $ 414 

Total Aircraft exp $ 11,561 $ 11,561 

Bimini Turn exp Annual Projected Profit and Loss $ 1,085 $ 1,085 

Miami Turn exp Annual Projected Profit and Loss $ 6,844 $ 5,330 

Miami Fixed Expenses $ 4,500 $ 4,500 

Total Stations exp $ 12,429 $ 10,915 

Allocation of fixed exp 

Total fixed Fixed Expenses $ 42,143 $ 42,143 

less MIA station Fixed Expenses $ (4,500) $ (4,500) 

$ 37,643 $ 37,643 

Total block time Annual Projected Profit and Loss 245 170 

Scheduled block time Scheduled Service Income and Expense Data 28 28 

Percentage of Schedule 11% 16% 

Total Net fixed exp $ 4,280 $ 6,163 

SCHEDULED OPERATION EXPENSES 

Total expenses $ 28,269 $ 28,640 

Accumulated $ 28,269 $ 56,909 

Exhibit SUN-802 

Page 4 of5 

25 

$ 414 

$ 10,442 

$ 980 

$ 5,726 

$ 4,500 

$ 11,206 

$ 42,143 

$ (4,500) 

$ 37,643 

190 

25 

13% 

$ 4,987 

$ 26,635 

$ 83,545 
Sun Air Express, LLC 

dba Sun Air International 

Aircraft Cost per Block Hour (Piper PA 31-350) 

TBO/HRS 

CREW 

FUEL GAUHR 40 

COST/GAL $ 6.50 

OIL QUARTS/HR 1 

COST/QT $ 5.00 

Total 

ENGINE RESERVES (2) $ 90,000 1800 

PROP RESERVES (2) $ 5,000 2000 

PARTS 

INSPECTIONS ($25.00 X flying hours X 2) $ 25.00 2 

AVIONICS 

MISC 

TOTAL DIRECT 

$ 

$ 

$ 

$ 

$ 

$ 

$ 

$ 

$ 

$ 

Block hour 

Exhibit SUN-802 

Page 5 ofS 

50.00 

260.00 

5.00 

50.00 

2.50 

50.00 

50.00 

10.00 

10.00 

487.50 

Block time adjusted to Flight time 

Average Ratio 85% 

Average Flight Time expense l._$ ____ 41_4_.3_8_,1 

NOTES 

Cost of Aircraft included in fixed