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 carrierunder49 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: 

### I2

ChiefExecutive Officer & President SUN AIR EXPRESS, LLC d/b/a ZUCKERT, SCOUTT & RASENBERGER, SUN AIR INTERNATIONAL 3201 Griffin Road Fourth Floor Fort Lauderdale, FL 3 3312 (954) 660-9865 FAX: (954) 359-9502 tlcooper@gosunair.net

Dated: September23, 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 AirExpress, LLC d/b/a Sun Air InternationalBEFORE 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 AIREXPRESS, LLC d/b/a SUN AIRINTERNATIONAL 

### Sun Air Express, LLC d/b/a Sun Air International ("SunAir" orthe "Applicant")hereby submits this Amendmentto the Application for authority to operate scheduled passenger service
as a commuter air carrier. Sun Air filed the Application withthe Department on September 9, 2011. In support ofthis Amendment, Sun Airrespectfully states as follows:

1. Since filing the Application, Sun Airhas 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 canprovide 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 Amendmentto propose scheduled passenger services, as a commuter air carrier, between Miami on the one hand and Bimini on the otherhand. In this Amendment, Sun Air corrects paragraph 5ofthe Application to reflect its new service proposal:

Corrected Paragraph 5: 

### 5. Sun Air now wishes to offer scheduled passenger airtransportation services as a commuter air carrier. Accordingly, it is applying for Part 298 exemption authority to engage in scheduledpassenger air transportation services. Initially, SunAirproposes 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.

SunAir also encloses Revised Exhibits SUN-I00 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 newAPPLICATION OF SUN AIR EXPRESS, LLC d/b/a SUN AIR INTERNATIONAL Page 3
forecast for the proposed Miami-Bimini service. Ifauthorized, 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 airtransportation services under 49 U.S.C. § 41738 and 14 C.F.R. Part 298. SunAiralso requests such further, different, and additional reliefas 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 InternationalCERTIFICATE OF SERVICE

I hereby certifythat on this 23rct day ofSeptember, 2011, a copy ofthe 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 DevelopmentManager 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 33406-1470VERIFICATION This Amended Application and the informationtherein, including the Exhibits attached hereto, are true and correctto the best ofmy knowledge and belief. Pursuantto Title 18, United States Code section 1001, I, Thomas L. Cooper, in my individual capacity and as the authorized representative ofthe Applicant, have not in any mannerknowingly and willfully falsified, concealed or failed to disclose any material fact ormade any false, fictitious, orfraudulent statement orknowingly used any documents which contain such statements in**conne~tion** with the preparation, filing orprosecution ofthe Amended Application orthe initial Application. I understand that an individual who is found to have violated the provisions of 18 U.S.C. § 1001 shall be fined orimprisoned not more than five years, orboth. Respectfully submitted by

# ~2?~'----~ ChiefExecutive Officer and President Sun Air Express, LLC d/b/a Sun Air InternationalOPENING ARGUMENT Revised Exhibit SUN-100 Page 1 of2

Sun Air Express, LLC d/b/a Sun Air International ("Sun Air" orthe "Applicant") requests an exemption under Part 298 ofthe Department's regulations to engage in scheduled passenger airtransportation 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 contactpersons for purposes ofthis Application are:
Thomas L. Cooper ChiefExecutive Officer & President SUN AIREXPRESS, 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)zsrlaw.com Counsel for Sun Air Express, LLC d/b/a Sun Air International
Sun Air currentlyprovides on-demand transportation services ofpassengers and cargo, pursuantto Part 298 ofthe Department'sregulations and to a Part 135 Air Carrier Certificate. Applicantprimarilyprovides these services between points in Florida and points in the Bahamas. SunAirnowwants to offer scheduled passengertransportation services as a commuter air and submits this Application for the required authority. It has submitted to the Federal AviationRevised Exhibit SUN-100 Page 2 of2
Administration ("FAA") a Pre-Application Statement ofintent for expanded Part 135 certificate authority. Initially, SunAirproposes 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 Airmeets all ofthe legal requirements for the requested exemption authority, as specified in section 41738 ofthe Transportation Code and Part 298 ofthe 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 managementpersonnel (the "ManagementTeam") are experienced and capable ofoperating an efficient, well-run airline. See Exhibit SUN-600. All members ofthe Management Team are citizens ofthe United States. A U.S. citizen also ultimately owns and controls Applicant, a limited liability company organized underthe laws of the State ofDelaware. See Exhibit SUN-502. SunAir'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 ofcomplying 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 reliefunder Chapter 11 ofTitle 11 ofthe United States Bankruptcy Code in the U.S. District Court for the Southern District ofFlorida (the "Bankruptcy Court"). GIG, at that time,
was the parent entity ofGulfstream International Airlines, Inc. ("GIA'') and Gulfstream Connection, Inc. ("Connection"). Connection, an airtaxi operator, was knownpriorto 2007 as "Gulfstream Air Charter, Inc." The corporate history ofthe air taxi operator Gulfstream Air Charter was provided to the Departmentin docket OST-2005-21348. On or aboutNovember 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 Connectionto continue on-demand operations during GIG's bankruptcy. The Bankruptcy Court, onJanuary 21, 2011, authorized the sale ofGIG's assets, including its subsidiaries GIA and Connection, to VPAA Co. ("VPAA"). VPAA is a holding company incorporated underthe laws ofthe State ofDelaware. The Department approved the transfer ofGIG assets to VPAA onApril29, 2011. See Order 2011-4-28. This order specifically addressed the transfer ofGIA's commuterair carrier authority from GIG to VPAA. In approving the transfer, the Department determined that VPAA is a citizen ofthe 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 underthe laws ofthe State ofDelaware. On May 4, 2011, "Gold Coast Airline, LLC"Revised Exhibit SUN-200 Page 2 of3


### became the successorto Connection. On June 10, 2011, VPAA 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 ofAmendment. 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-401. Current Ownership On July 26, 2011, Cooper Trading Corporation ("Cooper Trading") and Mr. Thomas L. 

### Cooperpurchased from VPAA all ownership interest in "SunAir Express, LLC." Mr. Cooper is the President and ChiefExecutive Officer ofCooperTrading, a corporation organized under the laws ofthe State ofFlorida. Mr. Cooperholds 100 percent ofthe issued and outstanding shares ofcommon stock in CooperTrading. He also was the former President and ChiefExecutive Officer ofConnection (and, at one time, ofGIA). With significant aviation experience, Mr. Cooper will oversee Applicant's business. He plans to maintainthe same management team as under VPAA. Applicant also will continue to provide on-demand services. Mr. Cooper ultimatelyplans for Applicant to offer commuter passenger services and has submitted this Application for the necessary authority. Upon completing this purchase, Mr. Cooperestablished atrade name for Applicant: Sun Air International. VPAA then submitted to the FAA a request to transferthe Air Carrier Certificate to Cooper Trading and to reissue the certificate in the name "SunAir 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 ofCurrent 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. Italso provided allcargo charter services between Miami and Havana. Proposed Services Sun Airproposes to conduct scheduled passenger air transportation services, as a commuterair carrier, betweenpoints 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 Tearn Sun Airhas an experienced Management Team. Members ofthis team have worked in aviation related positions for many years. At this time, it does not expect to change key management personnel orto add new managementpersonnel to its team. Facilities and Operations Applicant does notplan to expand its facilities, ifthe 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 atthe Fort Lauderdale-Hollywood International Airport. The address ofthe hangaris 240 S.W. 34th Street, First Floor, Fort. Lauderdale, FL 3 3315. Sun Air stores and maintains its aircraft at this facility.Revised Exhibit SUN-800 Page 1of2
PROPOSED SERVICE AND FORECAST DATA Sun Air initially proposes one roundtrip flight each day between Miami, Florida and Bimini, Bahamas. Itwill provide this service with Piper Chieftain PA-31-350 aircraft. The proposed flight schedule is in Exhibit SUN-801, attached hereto. Sun Air estimates that during the first full year ofthe proposed service, it will carry a total of3,626 one-way passengers between Miami and Bimini. The anticipated financial results from this service are provided inExhibit SUN-802. After the sale ofApplicant from VPAA to Cooper Trading, Mr. Cooper instituted a new business philosophy at Sun Air. He tightened controls on expenses and increased the frequency ofmaintenance on all aircraft. The latter, in tum, increased the reliability ofthe fleet. In addition, Mr. Cooper designed a moreprofessional product for the traveling public. This product will include an upgraded web-based reservation system. He also increased marketing ofallcargo transportation services, which ultimately resulted in Sun Air entering into two separate allcargo charter agreements. Underthese agreements, Sun Airhas beentransporting overflow baggage for passengers traveling on Gulf stream International Airlines' scheduled flights and for OFAC-licensed passengers travel on Gulfstream Air Charter'spublic charter flights. These cargo services have proved to be highly successful for Applicant. As a result ofthese changes, Sun Airhas 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 positionthrough 201 I . An established airtaxi operator with a dedicated Management Team, Sun Air currently has, and will maintain, a revenue stream that will support the proposed services. As is reflectedRevised Exhibit SUN-800 Page 2 of2
in Exhibit SUN-701 and SUN-801, Sun Airhas sufficient cash on hand to cover (a) one-time pre-operating costs and (b) three months ofnormal 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 1of 1

Frequency Effective
Daily 12/01131 Daily 12/01131' I Sun AirExeress, 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**  .}1-3

# i¥iJ -,,

# ,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; -105!
. - 1Q5i -- 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~~6**

# 51**$ ~!69~~o** **l?** 154J-17 5r$

## -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&** Legaltie 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 $ 25 1 ; 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 of5

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 $ 284,908MONTH 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 offed 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 $ 7,111GEN & ADMIN

-**~ ~**  - '

----- --- -- Office Manager

.OFFICE ' - - ' - - COMMUNICATIONS ACCOUNTING 'LEGAL r 'TOTAL

-- . -- -- ,__ -- SALES & MARKETING 'MARKETINGTFUGHT IFOI...LOWINGJAUDIT . 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) " 1 TOTAL
.- - MAINTENANCE

--**-~-** -**~-** PERSONNEL 

### iDirector ofMalnt -

-- ---- - HANGAR.

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

--- -- PUBLICATIONS

- T -- - I l- - -- :TOTAL



### .. r-- - --

- __ L- -**~ ~----**  --- --- OPERATIONS !

-**~-~--** - -- PERSONNEL iPerweek --r 

### $- 1,260-'

I 

### i8ASE**-I~** Director of Operations i $ · Pilots (1)' - ·- - AIRCRAFTPA 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 1MIA: 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 Netfixed exp $ 4,280 $ 6,163 SCHEDULED OPERATION EXPENSES Total expenses $ 28,269 $ 28,640

Accumulated $ 28,269 $ 56,909Exhibit 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 $ 83,545Sun 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 Page5 ofS

50.00 260.00
5.00 50.00

2.50 50.00 50.00 10.00 10.00 487.50 Blocktime adjusted to Flighttime Average Ratio 85% Average Flight Time expense l._$
____ 41_4_.3_8_,1 NOTES Cost ofAircraft included in fixed