BEFORE THE 

DEPARTMENT OF TRANSPORTATION 

WASHINGTON, D.C. 

Application of 

Silk Way West Airlines 

for a foreign air carrier permit pursuant 

to 49 U.S.C. § 4 1302 and an exemption 

pursuant to 49 U.S.C. § 40109(c) 

) 

) 

) 

) 

) 

) 

Docket OST 20 14-__ _ 

DECLARATION 

L Kamran Gasimov. state that lam Director and CEO of Silk Way West Airlines; 

that lam authorized to make this Declaration on behalf of Silk Way West Airlines; that I 

have read the attached applicati on and exhibits and that the factual statements set forth 

therein are true and correct to the best of my knowledge and belief; and that the copy of the 

Air Operator Certificate issued to Silk Way West Airlines by the State Civil Aviation 

Administration of the Republic of Azerbaijan included among the exhibits is a tnte and 

correct copy of such certificate. I declare under penalty of perjury under the laws of the 

United States of America that the foregoing is true and correct. 

Executed on Z2> ::fu ~~..e . 2014 

Kamran Gasimb 

Director/CEO 
EXHIBIT 

SWWEST-1 

SWWEST-2 

SWWEST -3 

SWWEST-4 

SWWEST -5 

SWWEST-6 

SWWEST -7 

SWWEST-8 

SWWEST -9 

SWWEST -10 

SWWEST -11 

SWWEST -12 

SWWEST -13 

SWWEST -14 

SWWEST -15 

SWWEST -1 6 

SWWEST -17 

SWWEST-18 

LIST OF EXHIBITS 

CONTENTS 

Corporate Information & Government Oversight 

Service Proposal 

Officers, Directors, and Key Personnel 

Ownership Information 

Stockholdings of Officers, Directors, and Key Personnel 

Relationship with the Government of Azerbaijan 

Insurance Coverage 

Operator's Certificate 

Operating History 

Aircraft Inventory 

Maintenance Arrangements 

Agreements with Other Carriers Affecting the Service Proposal 

Financial Data Summaries 

Financial Projections 

Governmental Financial Assistance 

Bilateral Agreement & Designation 

Safety & Tariff Violations 

Waiver of Liability Limits Under Warsaw/Montreal Convention 
EXHIBIT SWWEST -1 

CORPORATE INFORMATION & GOVERNMENT OVERSIGHT 

I. Background Infotmation 

Silk Way West Airlines ("Silk Way West") is a private limited liability company 

duly organized and registered under the laws of the Republic of Azerbaijan on January 19, 

2012 (Registration Certificate .N2 1200754781). Currently 100% of Silk Way West's shares are 

held by Silk Way Airlines LLC, as is to be shown further in Exhibit SWWEST -4. 

Silk Way West is an all-cargo airline that is now operating three (3) Boeing 747-400F 

aircraft, and two (2) Boeing 767-300F aircraft. Silk Way West is also planning to add two (2) 

Boeing 747-8F aircraft to its fleet in the second half of 2014. 

Silk Way West holds an Air Operator Certificate (AOC No. 007) most recently issued 

to it by the State Civil Aviation Administration of the Republic of Azerbaijan ("SCAA'') on 

June 19, 2014. Silk Way West is registered with the International Civil Aviation Organization 

("ICAO"). Its ICAO-assigned code is AZG. Silk Way West also holds lATA code 7L*. 

Silk Way West is based at Baku Heydar Aliyev International Airport. It specializes 

in scheduled and charter cargo transportation services between Baku and multiple foreign 

destinations in Europe and Asia. Its key destinations include Almaty (Kazakhstan), Bishkek 

(Kyrgyzstan), Kiev (Ukraine), Delhi (India), Dubai (UAE), Frankfurt/Hahn (Germany), Hong 

Kong (Hong Kong), Istanbul (Turkey), Kabul (Afghanistan), London Stansted (UK), Milan 

(Italy), Budapest (Hungary), Tel Aviv (Israel), Shanghai and Urumqi (China), and Tbilisi 

(Georgia). 

Silk Way West has developed its reputation as a well-known and reliable cargo 

carrier with a significant network of routes focusing on major cargo destinations in Europe and 

Asia. As is evidenced by the statistics listed below, Silk Way West is a steadily developing and 

growing operator. Silk Way West carried 24,421 tons of cargo in the first six months of its 
EXHIBIT SWWEST -1 

operations in 2012; and 41 ,354 tons of cargo in 2013, operating 653 and 956 international and 

domestic scheduled and charter flights in those years, respectively. 

Silk Way West is a limited liability company, with management control vested in its 

officers, directors, and key management personnel. A list of such personnel can be found in 

Exhibit SWWEST-3. Silk Way West' day-to-day operations are effectively managed by the 

citizens of Azerbaijan. 

As a limited liability company, and in compliance with its Charter, the governing 

bodies of Silk Way West are the General Meeting of members, and the Supervisory Board as 

supervisory executive authority represented by the Director. The distribution of powers vested 

in each of the governing bodies listed above is set forth in the company's Charter. 

Day-to-day operations of Silk Way West are managed by the company's 

Director/CEO, Deputy Directors, and the key management personnel. A list of such personnel 

can be found in Exhibit SWWEST-3. 

II. Specific Corporate Information 

A. Name and Address of Applicant: 

"Silk Way West Airlines" Limited Liability Company 

Mailing Address: 

Heydar Aliyev International Airport, Baku, AZ-1 044 Azerbaijan 

Registered Address: 

"Silk Way West Airlines" Limited Liability Company 

Heydar Aliyev International Airport, Baku, AZ-1 044 Azerbaijan 

B. Corporate Form & Country of Organization: 

As noted above, Silk Way West Airlines is a limited liability company that was 

incorporated under the laws of Azerbaijan. 
EXHIBIT SWWEST -1 

III. The names and addresses of the national governmental authorities having regulatory 

jurisdiction over Silk Way West Airlines' air transport operations are: 

The State Civil Aviation Administration of the Republic of Azerbaijan 

11 , Azadlig A venue, Baku, AZ-1 095, Azerbaijan 
EXHIBIT SWWEST -2 

SERVICE PROPOSAL 

Silk Way West requests a foreign air carrier pem1it authorizing it to engage m 

(1) scheduled air transportation of cargo between any point or points in Azerbaijan, via 

intermediate points, and any point or points in the United States; and (2) charter air 

transportation of cargo between any point or points in Azerbaijan and any point or points in the 

United States, as well as any point or points in the United States and any point or points in a 

third country or countries subject to pertinent national, bilateral and international rules and 

regulations. 

Silk Way West plans to open its US operations with scheduled flights between Baku 

Heydar Aliyev International Airport, Baku, Azerbaijan, and New York/John F. Kennedy 

International Airport, NY, USA. Silk Way West intends to start operating the requested 

services as soon as the Department permits them, but no later than the fall of 2014. For its 

contemplated services, Silk Way West intends to operate prin1arily its Boeing 747 freighter 

equipment. Silk Way West may further expand the proposed services and use other aircraft in 

the future. 
EXHIBIT SWWEST -3 

OFFICERS, DIRECTORS, AND KEY PERSONNEL 

Managerial and operational control of Silk Way West is vested in its Director as its 

chief executive officer. In his duties the Director is assisted by the Senior Deputy Director and 

Deputy Directors responsible for the major organizational units of the company, as well as by 

the Heads and Managers of various Departments. Listed below are the names, and residential 

and business addresses of all of Silk Way West's key management personnel, officers and 

directors as defined in Section 211.20(d) of the Department's Regulations. All Silk Way 

West's key management personnel are citizens of Azerbaijan, except Mr. Joel Vonck, Deputy 

Director for Quality and Aviation Security, who is a citizen of France. 

To Silk Way West's best knowledge, the individuals listed below are not related by 

blood or marriage. 

Because Silk Way West has been providing direct air service for more than one year, it 

is not necessary to summarize the business experience of its directors, officers, or key 

management personnel. See 14 C.F .R. § 21 1.20( d). 
EXHIBIT SWWEST -3 

Key Management Personnel 

Title(s) Name & Residence Business Address 

Address 

Kamran Gasimov, Heydar Aliyev International 

Director/CEO R. Behbudov Street 65, apt. 77, Airport, Baku, AZ-1 044 

-----·------ Baku, Azerbaijan Azerbaijan 

Senior Deputy Tokay Gasimzade, Heydar Aliyev International 

Director T. Elchin Street 6, apt. 41 , Airport, Baku, AZ-1 044 

Baku, Azerbaijan Azerbaijan 

Deputy Director, Oleg Bakhishev, Heydar Aliyev International 

Finance M. Khadi Street 41, apt. 1 00, Airport, Baku, AZ-1 044 

Baku, Azerbaijan Azerbaijan 

Deputy Director, Nidjat Babayev, Heydar Aliyev International 

Sales T. Elchin Street 6, apt. 16, Airport, Baku, AZ-1 044 

Baku, Azerbaijan Azerbaijan 

Deputy Director, Rasim Ashrafov, Heydar Aliyev International 

Flight Operations Rustarnov Street 2528, 44D, Airport, Baku, AZ-1 044 

apt. 90, Baku, Azerbaijan Azerbaijan 

Deputy Director, Adil Baghirov, Heydar Aliyev International 

Maintenance and Vagif Street 4, Binah Airport, Baku, AZ-1 044 

Engineering settlement, Azerbaijan 

Baku, Azerbaijan 

Deputy Director, Joel Vonck, Heydar Aliyev International 

Quality and Nizami Street 35, apt. 9, Airport, Baku, AZ-1 044 

Aviation Security - Baku, Azerbaijan Azerbaijan 

Head ofFlight Ismikhan Mirzaliyev, Heydar Aliyev International 

Safety A. Valiyev Street 7, apt. 53, Airport, Baku, AZ-1 044 

Department Baku, Azerbaijan Azerbaijan 

Manager, Cargo Aydin Huseynov, Heydar Aliyev International 

and Ground Badamdar 10 1, apt. 1, Airport, Baku, AZ-1 044 

Handling Baku, Azerbaijan Azerbaijan 
EXHIBIT SWWEST -3 

Supervisory Board 

Title Name & Residence Business Address 

Address 

Director Shamsaddin Mirsalayev, "Silk Way Airlines" LLC 

A. Alasgarov Street 4, apt. 51 , Heydar Aliyev International Airport, 

Baku, Azerbaijan Baku, AZ-1 044 Azerbaijan 
EXHIBIT SWWEST -4 

OWNERSHIP INFORMATION 

Silk Way West is a limited liability company formed and registered under the laws of 

Azerbaijan. 100% of Silk Way West's shares are held by its parent company, Silk Way 

Airlines LLC, itself a limited liability company formed and registered under the Jaws of 

Azerbaijan, which is, in turn, 60% owned by "Silk Way Holding" Limited Liability Company, 

a company formed and existing under the laws of Azerbaijan, and 40% owned by "Silk Way 

Development" Limited Liability Company, a company formed and existing under the laws of 

Azerbaijan. Further, "Silk Way Holding" Limited Liability Company 100% owned by "Silk 

Way Development" Limited Liability Company and "Silk Way Development" Limited 

Liability Company, in tum, 95% owned by Mr. Zaur Akhundov and 5% owned by "Silk Way 

Investment" Limited Liability Company, a company formed and existing under the laws of 

Azerbaijan and 100% owned by Mr. Zaur Akhundov. Effective control of Silk Way West is 

vested in its Management and Supervisory Board, as set forth in Exhibit SWWEST-3. 
STOCKHOLDINGS OF OFFICERS, 

DIRECTORS AND KEY PERSONNEL 

EXHIBIT SWWEST -5 

Silk Way West's officers, directors, and key personnel do not hold any interest in 

(I) any U.S. carrier; (2) any other foreign air carrier; (3) any persons engaged in the business of 

aeronautics; or (4) any common canier, or any person whose principal business is the holding 

of stock in, or control of, any air carrier. 
EXHIBIT SWWEST -6 

RELATIONSHIP WITH THE GOVERNMENT OF AZERBAIJAN 

As noted in Exhibits SWWEST-1 and SWWEST-4, Silk Way West is a p1ivate 

limited liability company. Under its Charter, Silk Way West is an independent legal entity 

having an independent balance sheet, property, bank accounts, and the rights to conclude 

contracts, acquire real, personal and intangible property, and bear independent liability. Silk 

Way West acts under free-market principles whereby the State is not liable for any 

commitments of Silk Way West, and Silk Way West is not liable for the obligations of the 

State. 

Therefore, Silk Way West has the authority to independently control its own 

managerial decisions, and its officers, directors, and key personnel are charged with, and carry 

out, that responsibility. 
EXHIBIT SWWEST -7 

rnSURANCECOVERAGE 

Silk Way West's insurance coverage meets the requirements of 14 C.F.R. Part 205. 

Its aircraft and services are insured by Silk Way Insurance Company OJSC, an Azeri insurance 

provider, which in turn underwrites its policy through other insurance companies worldwide, 

such as JLT Specialty Limited. An executed copy of OST Form 6411 (Certificate of 

Insurance) from Silk Way West's insurer is attached hereto. 
0 AGENCY DISPLAY OF ESTIMATED BURDEN 

The public reporting burden for this collection of information is estimated to average 30 minutes per response. If you wish to comment on the accuracy ci the estimate or make suggestions for reducing this burden, ~ease 

direct your comments to: U.S. Department ci Transportation, Office of Aviation Analysis. X-56, 400 7 St., SW, Washington, D.C. 20590. 

Office of !he Secretary NOTE: For information on where to file completed copies a this form, see FILING INSTRUCTIONS bElow. 

of Transportation 

OMB No. 2106-0030 Expires 2-2941 

U.S. FOREIGN AIR CARRIERS 

CERTIFICATE OF INSURANCE 

POLICIES OF INSURANCE FOR AIRCRAFT ACCIDENT BODILY INJURY 

AND PROPERTY DAMAGE LIABILITY 

FILING INSTRUCTIONS: File a signed original of thiS form with the Federal Aviation Administration, Air Transportation Div., AFS-260, BOO Independence Ave., SW., Washington, DC 20591. (See EXCEPTION below.) 

EXCEPTION: If Section 2.A. is lifted in because the insured is a Canadian Charter Air Taxi Operator, file an original of this form with the U.S. Department 

ci Transportation, Special Authorities Division (X-46), 400 7" Streel SW, Washington, D.C. 20590 

(Please type information, except signatures.) 

THIS CERTIFIES THAT: SILK WAY INSURANCE OJSC 

(Name of Insurer) 

has issued a policy or policies of Aircraft Liability Insurance to SILK WAY AIRLINES LIMITED ancl/or SILK WAY WEST 

AIRLINES 103 Nizami Str., Baku, Azerbaijan, AZ1000 

(Name, address and FAA Certificate number of Insured Foreign Air Carrier) 

effective from until ten (10) days after written notice from the insurer or carrier of the intent 

to terminate coverage is received by the Department of Transportation. 

NOTE: Part 205 of the Department's Regulations does not allow for a predetermined termination date, and a certificate showing such a 

date is unacceptable. 

1. The Insurer (Check One): 

0 is licensed to issue aircraft insurance policies in the United States; 

~ is licensed or approved by the government of AZERBAIJAN to issue aircraft insurance policies; or 

0 is an approved surplus line insurer in the State(s) of 

2. The insurer assumes, under the policy or policies listed below, aircraft accident liability insured to minimums at least equal to the 

following during operation, maintenance, or use of aircraft in "foreign air transportation" as that term is defined in 49 U.S.C. 40102. 

(C,omulete ~Q(llicable ~~Q iQn A, B or (;; !1~/Qw): 

A. CANADIAN CHARTER AIR TAXI OPERATORS WITH PART 294 AUTHORITY ONLY 

The aircraft covered by this policy have: (1) 30 or fewer passenger seats and a maximum payload capacity of 7,500 pounds or 

less: and/or (2) a maximum authorized takeoff weight on wheels of no more than 35.000 pounds. (Complete separate or 

combing_d !<QveraQe as aperoeriate): 

0 Separate Coverages: inimumum~ 

PoliC't,NO. T"t.Pe of Liabilit't. Each person Each Occurrence 

Combined Bodily Injury (Excluding Passengers other 

than cargo attendants) and Property Damage Liability $75,000 $2,ooo,ooo·(see note) 

Passenger Bodily Injury $75,000 $75,000 x 75% of 

total number of 

passenger seats 

Installed in aircraft 

0 Combined Coverage: This combined coverage is a single limit of liability for each occurrence at least equal to the required 

minimums stated above for bodily injury (excluding passengers). property damage, and passenger bodily injury. 

Policy No. Amount of Coverage U.S. 

Dollars 

0 This policy covers CARGO operations only and excludes passenger liability insurance. 

NOTE: If the aircraft covered by this policy have more than 30 passenger seats or more than a maximum payload capacity of 

7,500 pounds. the minimum limit per occurrence shall be $20,000,000. 
OST Form 64118. FOREIGN AIR CARRIERS OPERATING SMALL AIRCRAFT 

The aircraft covered by this policy are SMALL AIRCRAFT (i.e., with 60 or fewer passenger seats or with a maximum payload 

capacity of 18,000 pounds or less). (Complete separate or combined coverage as appropriate): 

0 Separate Coverages: Minimum Limit 

Policy No. Tvoe of Liability Each person Each Occuffence 

Combined Bodily Injury (Excluding Passengers other 

than cargo attendants) and Property Damage Liability $300,000 $2,000,000 

$300,000 x 75% of 

total number of 

Passenger Bodily Injury $300,000 

passenger seats 

installed in aircraft 

0 Combined Coverage: This combined coverage is a single limit of liability for each occurrence at least equal to the required 

minimums stated above for bodily injury (excluding passengers), property damaged, and passenger bodily injury. 

Policy No. ______________ _ Amount of Coverage _________ U.S. Dollars 

0 This policy covers CARGO operations only and excludes passenger liability insurance. 

C. FOREIGN AIR CARRIERS OPERATING LARGE AIRCRAFT 

The aircraft covered by this policy are LARGE AIRCRAFT (i.e .. with more than 60 passenger seats or with a maximum payload 

capacity of more than 18,000 pounds). (Complete separate or combined coverage as appropriate): 

0 Separate Coverages: Minimum Limit 

Policy No. Tvoe of Liability Each person Each Occurrence 

Combined Bodily Injury (Excluding Passengers other 

than cargo attendants) and Property Damage Liability $300,000 $20,000,000 

$300,000 x 75% of 

total number of 

Passenger Bodily Injury $300,000 

passenger seats 

installed in aircraft 

~ Combined Coverage: This combined coverage is a single limit of liability for each occurrence at least equal to the required 

minimums stated above for bodily injury (excluding passengers), property damaged, and passenger bodily injury. 

Policy No J51308087 Amount of Coverage 

COMPULSORY INSURANCE 

LIMITS AS SHOWN ABOVE U.S. Dollars 

0 This policy covers CARGO operations only and excludes passenger liability insurance. 

3. The policy or policies listed in this certificate insure(s) (Check One): 

[8] Operations conducted with all aircraft operated by the insured 

0 Operations conducted with the following types of aircraft: 

0 Operations with the following aircraft: (Use additional page if necessary) 

Make and Model FAA or Foreign Flag 

Registration No. 

4. Each policy listed in this certificate meets or exceeds the requirements in 14 CFR Part 205. 

SILK WAY INSURANCE OJSC JLT SPECIALTY LIMITED 

(Name of Insurer) (Name of Broker, if applicable) 

55, Z.Aiiveva sir. THE ST BOTOLPH BUILDING, 138 HOUNDSDITCH 

(Address) (Address) 

Baku, Azerbaijan, AZ1010 LONDON EC3A 7AW. 

(City, Slate, Zip Code) (City, State, Zip Code) 

Niyazi lmanov B.J Marler - AUTHORISED SIGNATORY 

Contact (person who can verify the effectiveness of the coverage) (Officer or authorized representative) 

-~+~99~4~1~2~5~98~38~50~-- -~-~~ 9~9~4~12 2~~-- 0207 466 1377 0207 466 1444 

(Area Code, Phone ~u t (Area Code, Fax Number) 

-0~ 

(Area Code, Phone Number) 

1(}{11( Harler 

(Area Code, Fax Number) 

A ignature, if applicable) 

J.O N 

(Signature) 

9 April, 2014 

(Date) (Date) 
EXHIBIT SWWEST -8 

OPERA TOR'S CERTIFICATE 

A copy of Silk Way West Airlines' Air Operator Certificate, issued by the State Civil 

Aviation Administration of the Republic of Azerbaijan is attached hereto. 

Silk Way West's Air Operator Certificate No. 007 was issued to it by the State Civil 

Aviation Administration of the Republic of Azerbaijan on June 19, 2014, and will be subject to 

continuous renewal on bi-annual basis as set forth in the applicable laws and regulations of 

Azerbaijan. The Air Operator Certificate grants Silk Way West the right to perform 

commercial air operations subject to the operations specifications, the operations manual, the 

Convention on International Civil Aviation and the applicable legislation of Azerbaijan. 

Oversight of Silk Way West's operations is performed by the State Civil Aviation 

Administration of the Republic of Azerbaijan. Silk Way West's Air Operator Certificate and 

operations specifications authorize it to operate commercial air transportation to a broad 

variety of the areas of operation, including North America. 
AZaRBAYCAN RESPUBLiKASI / REPUBLIC OF AZERBAIJAN 

DOYLaT MULKi AViASiYAADMiNiSTRASiYASI / STATE CIVIL AVIATION ADMINISTRATION 

iSTiSMAR<;I SERTiFiKATI I AIR OPERATOR CERTIFICATE 

lstismarct sertitikattmn N!! AOC-007 

Qi.ivvddd olma mildd:}ti: 19.06.2016 

AOC tl: 007 

Expiry dale: June 19. 2016 

istismarrymm adt: "Silk Vey Vest Avia~irbti ' MMC 

fstismarc;mm ilnvam: Heyd:}r 8 1iyev Beyndlxalq Aeroportu, 

AZ I 044, Bakt ~d ri , Az::lrbaycan Respublikast 

Telefon: (+ 994 12) 437 47 63 

Faks: (+ 994 12) 437 40 92 

Elektron ilnvam: silkwaywest@silkwayltd.com 

Operator name: "Silk Way West Airlines'' LLC 

Operator address: Heydar Aliyev International Airport. AZ1044. 

Baku city, the Republic of AzerbaUan 

Phone:(+ 994 12) 437 47 57 

Fax: (+ 994 1 2) 493 38 59 

E-mail: silkwaywest@silkwayltd. com 

1stismar mi.idd:}ti ;}rzindd t;}cili dlaqd: 

Telefon: (+ 994 77) 888 91 48 

Faks: (+ 994 12) 437 47 94; 

elektron ilnvam: silkway.ops@silkwaltd.com 

Operativ f;}hb:}rlikl;} t;}cili ;}laq:} saxlamaq i.ic;iln 

m:}lurnat Uc; nn icrast i.izr:} Tdlimatm A 

Hiss:}sind:} 1.2 paraqrafmda yerld dirilib 

Operational points of contact: 

Phone: (+ 994 77) 888 91 48 

Fax: (+ 994 12) 437 47 94: 

e-mail: silkway .ops@silfo.valtd.com 

Contact de/ails. at which operational 

management can be contacted wilhoul undue 

delay are listed in the Operations Manual Part 

A. Chapter I paragraph 1.2 

Bununla t;}sdiq edilir ki, "Silk Vey Vest Aviasirbti .. MMC-y;} istismar ;}hdudi yy~tl ;}rind d gost;}rildn ~drtl rl d "Ury rm yerind yctirilm;}sin;} dair t~limaf'a 

V;} Az;->rbaycan Respublikasmm "Aviasiya haqqmda" Qanununa mi.ivafiq olaraq kommersiya hava da~tm nm yerin;} yetirm;')y;} icaz::l verilir. 

This cert{ficate cert{fies that "Silk Way West Airlines'' LLC is authorized to pe1:{orm commercial air operations a$ definecLinthe attached operations 

spec[fications in accordance with the Operations Manual and "Aviation Law" ofthe Republic of AzerbaUan. 

\ 

llu Sertifikat a~qasma verild bilm;}Z. Sertifikatm qilvv:}si mildyydn edi lmi ~ qaydada dayandtrtla V;} ya !;}gv oluna bildr. 

This Certif'EEie ~l'l_o ttransjj,.able. The v_(Jjidity_!Jfc_ertijicate ma)l_be u~p_end d or revoked in accordance with the-established procedures. 

Verilmd tarixi: 19 lyun 2014-cil il Adt, Soyadt / Name and Signature: Hac1aga aliycv I Hajiaga A. ~-..::<h:::l-.---::--:---------- . J- ~ ~ 

Date oftssue: June 19,2014 Vdzif;}si I Title: Direktorun milavini I Deputy Director ~ 
EXHIBIT SWWEST -9 

OPERATING HISTORY 

Silk Way West Airlines is a private limited liability company duly organized and 

registered under the laws of the Republic of Azerbaijan on January 19,2012. Currently 100% 

of Silk Way West's shares are held by Silk Way Airlines LLC, as is to be shown further in 

Exhibit SWWEST -4. 

Silk Way West is an all-cargo airline that is now operating three (3) Boeing 747-400F 

aircraft, and two (2) Boeing 767-300F aircraft. Silk Way West is also planning to add two (2) 

Boeing 747-8F aircraft to its fleet in the second half of2014. 

Silk Way West holds an Air Operator Certificate (AOC No. 007) most recently issued 

to it by the State Civil Aviation Administration of the Republic of Azerbaijan on June 19, 

2014. Silk Way West is registered with the International Civil Aviation Organization 

("lCAO"). Its ICAO-assigned code is AZG. Silk Way West also holds lATA code 7L*. 

Silk Way West is based at Baku Heydar Aliyev International Airport. It specializes in 

scheduled and charter cargo transportation services between Baku and multiple foreign 

destinations in Europe and Asia. Its key destinations include Almaty (Kazakhstan), Bishkek 

(Kyrgyzstan), Kiev (Ukraine), Delhi (India), Dhaka (Bangladesh), Dubai (UAE), 

Frankfurt/Hahn (Gern1any), Hong Kong (Hong Kong), Istanbul (Turkey), Kabul (Afghanistan), 

London (UK), Milan (Italy), Shanghai and Urumqi (China), and Tbilisi (Georgia). 

Silk Way West has developed its reputation as a well-known and reliable cargo carrier 

with a significant network of routes focusing on major cargo destinations in Europe and Asia. 

Silk Way West carried 24 421 tons of cargo in the first six months of its operations in 20 12; 

and 41 354 tons of cargo in 2013, operating 653 and 956 international, domestic scheduled and 

charter flights in those years, respectively. 
EXHIBIT SWWEST -9 

Silk Way West Airlines is a growing airline that identifies safety and quality of its 

services as its primary goal. It consistently works to position itself as the preferred operator 

providing high quality, safe, comfortable and affordable flights to major Euroasian 

destinations, as well as to add North America destinations to its route map. 
EXHIBIT SWWEST -10 

AIRCRAFT INVENTORY 

Silk Way West currently operates five (5) aircraft, including: three (3) Boeing 747-

400F aircraft, and two (2) Boeing 767-300F aircraft. Silk Way West is also planning to add 

two (2) Boeing 747-8F aircraft to its fleet in the second half of 20 14. All of Silk Way West's 

aircraft are currently leased from Silk Way Airlines LLC. 

For its proposed U.S. operations, Silk Way West is planning to operate its Boeing 747 

equipment, as listed below. Silk Way West is the current sole operator of the listed aircraft and 

does not contemplate any wet leases that may affect its proposed U.S. operations. Silk Way 

West plans to continue expanding its fleet of aircraft in the near future. 

Aircraft Tl:(!e & Serial Basis of Use Registration Countrl: of 

No. No. Re!!:istration 

Boeing 747-400F, 29729 Leased/"Si lk Way Airlines" LLC 4K-SW800 Azerbaijan 

Boeing 747-400F, 29730 Leased/"Silk Way Airlines" LLC 4K-SW888 Azerbaijan 

Boeing 74?-400F,_29732 Leased/"Silk Way Airlines" LLC 4K-SW008 Azerbaijan 

---- - -- LESSOR REGISTERED ADDRESS State of Re2istration 

"Silk Way Airlines" LLC Nizami Street 103, Sabail, AZERBAIJAN 

Baku, AZ-1010 Azerbaijan 
EXHIBIT SWWEST -11 

MAINTENANCE ARRANGEMENTS 

Silk Way West will utilize primarily its Boeing 747-400F aircraft to conduct the 

proposed operations, as well as any other aircraft currently in its fleet, or such other aircraft as 

it may further acquire. See Exhibit SWWEST-10. 

All types of maintenance for Silk Way West aircraft B767-300F is performed by SW 

Teclmics, an AAR-145 maintenance organization approved by the State Civil Aviation 

Administration of Azerbaijan. SW Technics is also an EASA Part 145 certified AMO. It is 

located at Baku Heydar Aliyev International Airport. All types of maintenance for Silk Way 

West aircraft Boeing 747-400F to be used for US operations, is performed by certified AMO-

"Cargolux Airlines International S.A." (Luxembourg) under a service level contract. Silk Way 

West Airlines will also enter into appropriate contracts in the United States for line 

maintenance of its aircraft used for US operations as necessary in the near future. 

Azerbaijan is a contracting state to the Convention on International Civil Aviation 

("Chicago Convention"). Silk Way West Airlines' aircraft are maintained in compliance with 

ICAO Annexes 1, 6 (Part 1), and 7. In addition, Silk Way West Airlines' aircraft conform to 

respective type designs approved by the State of the Manufacturer and have been issued civil 

airworthiness certificates in accordance with the provisions of ICAO Annex 8. 

Oversight over continuous airworthiness of Silk Way West Airlines' aircraft is 

performed under the applicable regulations of Azerbaijan as the state of the operator and of the 

registry of the aircraft as set forth in Annexes I, 2, 6 and 8 to the Chicago Convention. 
EXHIBIT SWWEST -12 

AGREEMENTS WITH OTHER CARRIERS AFFECTING 

SILK WAY WEST AIRLINES SERVICE PROPOSAL 

Silk Way West Airlines has no agreements or cooperative working arrangements 

with other carriers that affect the services proposed by this application. 
EXHIBIT SWWEST -13 

FINANCIAL DATA SUMMARIES 

Silk Way West Airlines is providing the Department with financial data for the year 

of its operations. The statement is in Azerbaijan and USD currency as of December 31 , 2013. 

Silk Way West Airlines respectively requests that in addition to the referenced financial 

documentation, the Department consider its current operations as sufficient to demonstrate its 

capability to operate to the United States. 
silk waY 

rvest dlrl1nes 

Ref: 225/FD/OB 

Date: 02.06.2014 

STATEMENT 

On Financial and Economic Condition of "Silk Way West Airlines" LLC for 2013 year 

Baku, 02June, 2014 

Name of the Enterprise: "Silk Way West Airlines" LLC 

The Enterprise revenue by 31.12.2013 comprised 156,491,733.43 AZN which equals 

to 199,479,583.72 USD at the Central Bank exchange rate. 

The Enterprise operations in year 2013 were efficient. Net income in 2013 

constituted 950,472.37 AZN or 1,211,564.52 USD. 

As of 31.12.2013 the Enterprise had no arrears of wages, of budget or social funds. 

Oleg A. Bakhishev 

Chief Financial Officer 

Heydar Aliyev International Airport 

AZ1 044, Baku, Azerbaijan 

Tel.: +994 (1 2) 4 37 47 63 Fax: +994 (12) 437 40 92 

Fax: +994 ( 12) 497 10 38 SIT A: BAKOU8X 

E-mail: silkwaywest@silkwayltd.com 

www.si lkwaywest.com 
EXHIBIT SWWEST -14 

FINANCIAL PROJECTIONS 

Silk Way West Airlines estimates that its average cargo revenue per scheduled flight 

between Baku, Azerbaijan and points in the U.S. East Coast, specifically New York/JFK, NY, 

will constitute $585 000 per flight with 70 % load factor: based on the average cargo rates of 

$3.25 per kilo. This calculation is based on the review of the market data, as publicly 

available, that showed the average load factor on similar routes in the year 2013, as 70 %. 

With the average estimated cost per flight of $520 000, the financial result per flight is 

estimated to constitute $65 000. With the estimated 52 round-trip flights in the first year of 

operations, the financial result per year is estimated to constitute $3 380 000. 
EXHIBIT SWWEST -15 

GOVERNMENTAL FINANCIAL ASSISTANCE 

Silk Way West Airlines does not receive, and does not expect to rece1ve, any 

financial assistance from the government of Azerbaijan. 
EXHIBIT SWWEST -16 

AIR TRANSPORT AGREEMENT BETWEEN THE UNITED STATES AND AZERBAIJAN 

Pending the outcome of the ongoing US-Azerbaijan bilateral air transport negotiations, 

Silk Way West Airlines' proposed services that are the subject of this application are based 

upon comity and reciprocity between the Government of the United States and the Government 

of Azerbaijan. Furthermore, Silk Way West Airlines is formally designated by the State Civil 

Aviation Administration of the Republic of Azerbaijan for the proposed operations. 
EXHIBIT SWWEST -17 

SAFETY & TARIFF VIOLATIONS 

Silk Way West Airlines has not had any flight safety violations or accidents 

involving loss of life in the year of its operations, and in the five (5) years preceding this 

application. Silk Way West Airlines has not been involved in any tariff violations in the year 

of its operations, and five ( 5) years preceding this application. 
EXHIBIT SWWEST -18 

WAIVER OF LIABILITY LIMITS UNDER WARSAW /MONTREAL CONVENTION 

Attached are three completed copies of OST Form 4523 (Waiver of Liability Limits 

under Warsaw Convention) as is required by 14 C.F.R. § 211.20(t). 
U.S. Department of Transportation 

Office of the Secretary of Transportation AGREEMENT 

Docket OST 95-236 

The undersigned carriers (hereinafter referred to as "the Carriers") hereby agree as follows: 

1. Each of the Carriers shall, effective May 16, 1966, include the following in its conditions of carriage, including tariffs embodying conditions 

of carriage filed by it with any government: 

"The Carrier shall avail itself of the limitation of liability provided in the Convention for the Unification of Certain Rules Relating to 

International Carriage by Air signed at Warsaw October 12th, 1929, or provided in the said Convention as amended by the Protocol signed at 

The Hague September 28th, 1955. However, in accordance with Article 22(1) of said Convention, or said Convention as amended by said 

Protocol, the Carrier agrees that, as to all international transportation by the Carrier as defined in the said Convention or said Convention as 

amended by said Protocol, which, according to the contract of Carriage, includes a point in the United States of America as a point of origin, 

point of destination, or agreed stopping place 

(1) The limit of liability for each passenger for death, wounding, or other bodily injury shall be the sum of US $75,000 inclusive of legal fees 

and costs, except that, in case of a claim brought in a State where provision is made for separate award of legal fees and costs, the limit shall 

be the sum of US $58,000 exclusive of legal fees and costs. 

(2) The Carrier shall not, with respect to any claim arising out of the death, wounding, or other bodily injury of a passenger, avail itself of any 

defense under Article 20(1) of said Convention or said Convention as amended by said Protocol. 

Nothing herein shall be deemed to affect the rights and liabilities of the Carrier with regard to any claim brought by, on behalf of, or in respect 

of any person who has willfully caused damage which resulted in death, wounding, or other bodily injury of a passenger.· 

2. Each Carrier shall, at the time of delivery of the ticket, furnish to each passenger whose transportation is governed by the Convention, or 

the Convention as amended by the Hague Protocol, and by the special contract described in paragraph 1, the following notice, which shall be 

printed in type at least as large as 10 point modern type and in ink contrasting with the stock on (i) each ticket; (ii) a piece of paper either 

placed in the ticket envelope with the ticket or attached to the ticket; or (iii) on the ticket envelope: 

"ADVICE TO INTERNATIONAL PASSENGER ON LIMITATION OF LIABILITY 

Passengers on a journey involving an ultimate destination or a stop in a country other than the country of origin are advised that the 

provisions of a treaty known as the Warsaw Convention may be applicable to the entire journey, including any portion entirely within the 

country of origin or destination. For such passengers on a journey to, from. or with an agreed stopping place in the United States of America, 

the Convention and special contracts of carriage embodied in applicable tariffs provide that the liability of SILK WAY WEST AIRLINES 

[certain ]* 

[(name of carrier) and certain other) carriers parties to such special contracts for death of or personal injury to passengers is limited in most 

cases to proven damages not to exceed US $75,000 per passenger, and that this liability up to such limit shall not depend on negligence on 

the part of the carrier. For such passengers traveling by a carrier not a party to such special contracts or on a journey not to, from, or having 

an agreed stopping place in the United States of America, liability of the carrier for death or personal injury to passengers is limited in most 

cases to approximately US $10,000 or US $20,000. 

The names of Carriers parties to such special contracts are available at all ticket offices of such carriers and may be examined on request. 

Additional protection can usually be obtained by purchasing insurance from a private company. Such insurance is not affected by any 

limitation of the carrier's liability under the Warsaw Convention or such special contracts of carriage. For further information please consult 

your airline or insurance company representative." 

3. [This Agreement was filed with the Civil Aeronautics Board of the United States. The Board approved it by Order E-23680, adopted May 

13, 1966. The Agreement (Agreement 18900) became effective May 16, 1966. On January 1, 1985, this Agreement became the 

responsibility of the Department of Transportation (DOT) by operation of law.] 

4. This Agreement may be signed in any number of counterparts, all of which shall constitute one Agreement. Any Carrier may become a 

party to this Agreement by signing a counterpart hereof and depositing it with DOT. 

5. Any Carrier party hereto may withdraw from this Agreement by giving twelv (12) onths' written notice of withdrawal to DOT and the 

other Carriers parties to the Agreement. \ ./"\ '-' ~ . .P .J/, 

(Signature and Date) C/"f ?'t"C. ""2.-L ""l. 20 77 

•either alternative may be used. ' > 

OST Form -'523 (Formerly CAB Form 263) 

(Printed Name and Title) Kamran Gasimov. Director/CEO 

(Name and Address of Carrier) Silk Way West Airlines, 

Heydar Aliyev International Airport, Baku AZ-1044 

Azerbaijan 
U.S. Department of Transportation 

Office of the Secretary ofTransportation AGREEMENT 

Docket OST 95·236 

The undersigned carriers (hereinafter referred to as "the Carriers") hereby agree as follows: 

1. Each of the Carriers shall, effective May 16, 1966, indude the following in its conditions of carriage, including tariffs embodying conditions 

of carriage filed by it with any government: 

"The Carrier shall avail itself of the limitation of liability provided in the Convention for the Unification of Certain Rules Relating to 

International Carriage by Air signed at Warsaw October 12th, 1929, or provided in the said Convention as amended by the Protocol signed at 

The Hague September 28th, 1955. However. in accordance with Article 22(1) of said Convention. or said Convention as amended by said 

Protocol, the Carrier agrees that, as to all international transportation by the Carrier as defined in the said Convention or said Convention as 

amended by said Protocol, which, according to the contract of Carriage, includes a point in the United States of America as a point of origin, 

point of destination, or agreed stopping place 

(1) The limit of liability for each passenger for death, wounding, or other bodily injury shall be the sum of US $75,000 inclusive of legal fees 

and costs, except that, in case of a claim brought in a State where provision is made for separate award of legal fees and costs, the limit shall 

be the sum of US $58,000 exclusive of legal fees and costs. 

(2) The Carrier shall not, with respect to any claim arising out of the death, wounding, or other bodily injury of a passenger, avail itself of any 

defense under Article 20(1) of said Convention or said Convention as amended by said Protocol. 

Nothing herein shall be deemed to affect the rights and liabilities of the Carrier with regard to any daim brought by, on behalf of, or in respect 

of any person who has willfully caused damage which resulted in death, wounding, or other bodily injury of a passenger.· 

2. Each Carrier shall, at the time of delivery of the ticket, furnish to each passenger whose transportation is governed by the Convention, or 

the Convention as amended by the Hague Protocol, and by the special contract described in paragraph 1, the following notice, which shall be 

printed in type at least as large as 10 point modem type and in ink contrasting with the stock on (i) each ticket; (ii) a piece of paper either 

placed in the ticket envelope with the ticket or attached to the ticket; or (iii) on the ticket envelope: 

"ADVICE TO INTERNATIONAL PASSENGER ON LIMITATION OF LIABILITY 

Passengers on a journey involving an ultimate destination or a stop in a country other than the country of origin are advised that the 

provisions of a treaty known as the Warsaw Convention may be applicable to the entire journey, including any portion entirely within the 

country of origin or destination. For such passengers on a journey to, from, or with an agreed stopping place in the United States of America, 

the Convention and special contracts of carriage embodied in applicable tariffs provide that the liability of SILK WAY WEST AIRLINES 

[certain ]* 

((name of carrier) and certain other] carriers parties to such special contracts for death of or personal injury to passengers is limited in most 

cases to proven damages not to exceed US $75,000 per passenger, and that this liability up to such limit shall not depend on negligence on 

the part of the carrier. For such passengers traveling by a carrier not a party to such special contracts or on a journey not to, from, or having 

an agreed stopping place in the United States of America, liability of the carrier for death or personal injury to passengers is limited in most 

cases to approximately US $10,000 or US $20,000. 

The names of Carriers parties to such special contracts are available at all ticket offices of such carriers and may be examined on request. 

Additional protection can usually be obtained by purchasing insurance from a private company. Such insurance is not affected by any 

limitation of the carrier's liability under the Warsaw Convention or such special contracts of carriage. For further information please consult 

your airline or insurance company representative." 

3. (This Agreement was filed with the Civil Aeronautics Board of the United States. The Board approved it by Order E-23680, adopted May 

13, 1966. The Agreement (Agreement 18900) became effective May 16, 1966. On January 1, 1985, this Agreement became the 

responsibility of the Department of Transportation (DOT) by operation of law.] 

4. This Agreement may be signed in any number of counterparts, all of which shall constitute one Agreement. Any Carrier may become a 

party to this Agreement by signing a counterpart hereof and depositing it with DOT. 

5. Any Carrier party hereto may withdraw from this Agreement by giving twelvw (12) onths' writ1en notice of withdrawal to DOT and the 

other Carriers parties to the Agreement. \ • .1"'1 '-' A'P . .Jl .J/1 

(Signature and Date) V"t' "ff "2.-L "'Z. 20 ,.., •either alternative may be used. ~ ' 

OST Fonn 4523 (Fonnerly CAB Fonn 263) 

(Printed Name and n le) Kamran Gasimov. Director/CEO 

(Name and Address of Carrier) Silk Way West Airlines, 

Heydar Aliyev International Airport, Baku AZ·1 044 

Azerbaijan 
U.S. Department of Transportation 

Office of the Secretary of Transportation AGREEMENT 

Docket OST 95·236 

The undersigned carriers (hereinafter referred to as "the Carriers") hereby agree as follows: 

1. Each of the Carriers shall, effective May 16, 1966, include the following in its conditions of carriage, including tariffs embodying conditions 

of carriage filed by it with any government: 

"The Carrier shall avail itself of the limitation of liability provided in the Convention for the Unification of Certain Rules Relating to 

International Carriage by Air signed at Warsaw October 12th, 192g, or provided in the said Convention as amended by the Protocol signed at 

The Hague September 28th, 1955. However. in accordance with Article 22(1) of said Convention, or said Convention as amended by said 

Protocol, the Carrier agrees that, as to all international transportation by the Carrier as defined in the said Convention or said Convention as 

amended by said Protocol, which, according to the contract of Carriage, includes a point in the United States of America as a point of origin, 

point of destination, or agreed stopping place 

(1) The limit of liability for each passenger for death, wounding, or other bodily injury shall be the sum of US $75,000 inclusive of legal fees 

and costs, except that, in case of a claim brought in a State where provision is made for separate award of legal fees and costs, the limit shall 

be the sum of US $58,000 exclusive of legal fees and costs. 

(2) The Carrier shall not, with respect to any claim arising out of the death, wounding, or other bodily injury of a passenger, avail itself of any 

defense under Article 20(1) of said Convention or said Convention as amended by said Protocol. 

Nothing herein shall be deemed to affect the rights and liabilities of the Carrier with regard to any claim brought by, on behalf of, or in respect 

of any person who has willfully caused damage which resulted in death, wounding, or other bodily injury of a passenger.· 

2 . Each Carrier shall, at the time of delivery of the ticket, furnish to each passenger whose transportation is governed by the Convention. or 

the Convention as amended by the Hague Protocol, and by the special contract described in paragraph 1, the following notice, which shall be 

printed in type at least as large as 10 point modern type and in ink contrasting with the stock on (i) each ticket; (ii) a piece of paper either 

placed in the ticket envelope with the ticket or attached to the ticket; or (iii) on the ticket envelope: 

"ADVICE TO INTERNATIONAL PASSENGER ON LIMITATION OF LIABILITY 

Passengers on a journey involving an ultimate destination or a stop in a country other than the country of origin are advised that the 

provisions of a treaty known as the Warsaw Convention may be applicable to the entire journey, including any portion entirely within the 

country of origin or destination. For such passengers on a journey to, from, or with an agreed stopping place in the United States of America, 

the Convention and special contracts of carriage embodied in applicable tariffs provide that the liability of SILK WAY WEST AIRLINES 

(certain ]* 

[(name of carrier) and certain other] carriers parties to such special contracts for death of or personal injury to passengers is limited in most 

cases to proven damages not to exceed US $75,000 per passenger, and that this liability up to such limit shall not depend on negligence on 

the part of the carrier. For such passengers traveling by a carrier not a party to such special contracts or on a journey not to, from, or having 

an agreed stopping place in the United States of America, liability of the carrier for death or personal injury to passengers is limited in most 

cases to approximately US $10,000 or US $20,000. 

The names of Carriers parties to such special contracts are available at all ticket offices of such carriers and may be examined on request. 

Additional protection can usually be obtained by purchasing insurance from a private company. Such insurance is not affected by any 

limitation of the carrie(s liability under the Warsaw Convention or such special contracts of carriage. For further information please consult 

your airline or insurance company representative." 

3. [This Agreement was filed with the Civil Aeronautics Board of the United States. The Board approved it by Order E-23680, adopted May 

13, 1966. The Agreement (Agreement 18900) became effective May 16, 1966. On January 1, 1985, this Agreement became the 

responsibility of the Department of Transportation (DOT) by operation of law.] 

4 . This Agreement may be signed in any number of counterparts, all of which shall constitute one Agreement. Any Carrier may become a 

party to this Agreement by signing a counterpart hereof and depositing it with DOT. 

5. Any Carrier party hereto may withdraw from this Agreement by giving twelve (12) onths' written notice of withdrawal to DOT and the 

other Carriers parties to the Agreement. 

*Either alternative may be used. 

OST Fonn 4523 (Fonnerty CAB Fonn 263) 

(Printed Name and Title) Kamran Gasimov. Director/CEO 

(Name and Address of Carrier) Silk Way West Airlines, 

Heydar Aliyev International Airport, Baku AZ-1044 

Azerbaijan