### BEFORE THE DEPARTMENT OF TRANSPORTATION WASHINGTON, D.C.

Application of Silk Way West Airlines f or a foreign air carrie r permit pursuant to 49 U.S.C. 

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

### § 40109(c) ) ) ) ) ) ) Docket OST 20 14-
__ _



### DECLARATIO N L Kamran Gasimov. state that lam Director and CEO of Si lk Way We st Airlines; that lam authoriz ed to make thi s Declaration on behalf of Silk Way West Airlines; that I h ave re ad the attached applicati on and exhibits and that the factual statements s et forth therein are true and correct to the best of my knowl edge and b e li ef; a nd that the copy of th e Air Operator Certificate i ss ued to Si lk Wa y West Airl in es by the State C ivil Aviat ion Administration of the Republic of Azerbai jan included among the exhibits i s a tnte and correct copy of s uch certificat e. 

### I declare under pe nalt y of perjur y under the laws of the United State s of America that the foregoing i s true and correct.

Execu te d 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 Perso nnel Relationship with the Government of Azerbaijan Insurance Coverage Operator's Certificate Operating History Aircraft Inventory Maintenance Arrangements Agreements with Other Carriers Affecting the Ser vice Proposal Financia l Data Summaries Financial Projections Governmental Financial Assistance Bilateral Agreement & 

### De s ignation 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 We st" ) is a private limited li ability company duly organized and regi stered under the law s of the Republic of Azerbaijan o n January 19, 2012 (Registration Certificate 

### .N2 1200754781). C urrentl y 100 % of Silk Way West's share s are held by Silk Way Airlines LLC , as is to be shown further in Exhibit SWWEST -4
. Silk Way West i s an all-cargo airline that is now operating thr ee (3) Boeing 747 -4 00F 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 hold s an Air Operator Certificate (AOC No
. 007) most recently issued to it by the State Civi l Aviation Administration of the Republic of Azerbaijan ( " SCAA' ' ) o n June 19 , 2014
. Si lk Way West i s registered with the International Civil Aviation Organization (" ICAO "). Its ICAO-assigned code is AZG. Silk Way West also hold s lATA code 7L*. Silk Way West is based at Baku Heydar A li yev International Airport. It 

### specia lizes in scheduled and charter cargo trans portati on services between Baku and multiple foreign destination s in Europe and Asia. Its key de s tinations include Almaty (Kazakhstan) , Bi s hkek (Kyrgyzstan), Kiev (Ukraine), Delhi (India) , Dubai (UAE), Frankfurt/Hahn (Germany), Hong Kong (Hong Kong) , Istanbul (Turkey), Kabul (Afghanistan) , London Stansted (UK), Milan (Ita ly), Budape st (Hungary) , Tel Aviv (Israel) , Shanghai and Urumqi (C hina ) , and Tbilisi (Georgia). Silk Way West has developed its reputation as a well-known and reliable cargo carrier with a s ignificant network of routes focusing o n maj or cargo destinations in Eur ope and Asia. As is evidenced by the statistics li sted below, Silk Way West i s 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 ton s of cargo in 2013 , operat ing 6 53 and 956 international and domes ti c scheduled and charter flights in those years, re s pectively. Silk Way We s t i s a limited liability co mp any, with management contro l ves ted 

### in its of

ficers, direc tors, and ke y man agement personnel. A li st of su ch personnel can be found in Ex hibit SWWEST-3. Si lk Wa y We s t ' day-to-day operations ar e eff ectivel y ma naged by the
c iti zen s of Azerbaijan
. As a limited liability company , and in co mpliance with it s Charter, the governing bodies of Silk Way West are the General Meeting o f members, and the Supervisory Bo ard as
s up ervi sory executi ve authority represented b y th e Director. The di s tribu tio n of p owers ves ted in each of the gove rnin g b od ies li ste d above is set forth in the company's C ha rter. D ay-to-day operations o f Silk Way We st are man aged by the co mpany's Dir ecto r/CE O , D eputy Dir ectors, and the key mana ge ment personnel. A li s t of s uc h personnel
can be found 

### in Ex hibit SWWEST-3
. II. Specific Corpo rate Inf o rmati on A. Name and Address of Applicant:

" Silk Way West Airlines " Limited L i a bilit y Comp an y Mailing Address: He yd ar A li yev International Airport, Baku, AZ-1 044 Azerbaij an Registered Addre ss: "S ilk Way Wes t Airline s" Limited L ia bili ty Com p an y Heydar A liyev Internationa l A irp ort , B aku, AZ- 1 044 A zer baijan

B
. Corporate Form & 

### Co unt ry of Organi za tion: As noted ab ove, Silk Way Wes t Airlines i s a limited li abi li ty company th at was incorpo rated und er th e l aws of Azerba ij a n .

### EXHIBIT SWWEST -1 III. The names and addresses of the national governmental authorities having regulatory jurisdiction over S il k Way West Air lines' air transport operations are: The State C ivil Aviation Administration of the Republic of Azerbaijan 11 , Azad li g Avenue , 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) 

### schedu led air transportation of cargo b etween any point or points in Azerbaijan, via intermediate points, and any point or points in the United State s; and (2) c harter air transportation of cargo between any point or points in A zerbaijan and any point or points in the U nited States , as well as any point or points in the United State s and any point or points in a third co unt ry or countri es subject to pertinent natio nal , bilateral and international rules and regulations. Silk Way West plans to open its US o perations with scheduled flights between Baku Heydar A liyev International Airport, Baku , Azerbaijan , an d New York/John F. Kennedy International Airport , NY, USA. Silk Way West intends to start operating the requested
serv ices as soon as the Department permits them , but n o later than the fall of 20 1 4
. 

### For its contemplated services, Silk Way West intends to operate prin1arily its Boeing 747 freighter equipment. Silk Way West may further expand the propo sed services and use other aircraft in the future.

### EXHIBIT SWWEST -3 OFFICERS, DIRECTORS, AND KEY PERSONNEL
Managerial and operational control of Silk Way West i s ves ted in its Director as its chief executive officer. In his duties the Director i s 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 name s, 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 Regulation s. 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 Si lk Way West' s best know l edge, the individual s listed be l ow are not re l ated by blood or marriage. Because Silk Way West has been provid ing 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).

### EXHIB I T SWWEST -3 Key Management Personnel
Title(s) Name & Residence Business Address Add r ess 

### Kamran Gasimov, Heydar Ali yev International Director /CEO R. Behbudov Street 65, apt. 77, Airport, Baku , AZ-1 044



### -- ---·------ 

### Baku , Azerbaijan Azerbaijan Senior Deputy Tokay Gasimzade, Heydar A liyev Intern ational Director T. Elchin Street 6 , apt. 41 , Airport, Baku , AZ-1 044 Baku, Azerbaijan Azerbai j an 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 D eputy Director, Rasim Ashrafov , Heydar Aliyev International Flight Operations Rustarnov Street 2528 , 44D, Airport, Baku , AZ-1 044 apt. 90, Baku , Azerbaij an Azerbaijan Deputy Director, Adil Baghirov , Heydar Aliyev International Maintenance and Vagif Street 4 , Binah Airport, Baku , AZ-1 044 Engineering settlement, Azerb aijan Baku , Azerbaijan Deputy Dir ector, Joel Vonck, Heydar Aliyev International Quality and Nizami Street 35, apt. 9 , Airport, Baku , AZ-1 044 Aviation Security

- 

### Baku, Azerbaijan Azerbaijan Head ofFlight I smikhan Mirzaliyev , Heydar Aliyev International Safety A. 

### Valiyev Street 7, apt. 53 , Airport, Baku , AZ-1 044 Department Baku, Azerbaijan Azerbaijan Manager, Cargo Aydi n Hu sey nov, Heydar A li yev 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 S ham saddin Mirsalayev , " Silk Way Air lin es " 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 i s a limited liability company formed and registered under the la ws of Azerbaijan
. 100% of Silk Way We st's shares are held by its parent company, Silk Way Airlines LLC, itse lf a limited liability company formed and regi stered under the Jaws of Azerbaijan , which is , in turn , 60% owned by "S ilk 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 Holdin g" Limited Liability Co mpan y 100 % owned b y " Silk Way Development " Limited Liability Compan y 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 e x isting under the l aws of Azerbaijan and 100% owned by 

### Mr
. Zaur Akhundov. Effective control of Silk Way West i s
ves ted 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 We s t' s officers , directo rs, and ke y per so nnel d o not hold a ny intere st in (I) 

### any U.S. carrier ; (2) any other foreign air carrier; (3) any perso n s engaged in the bu s ine ss of
aeronauti cs; or (4) any common canier, or any person wh ose principal busine ss is the holding of s toc k in , or control of, any air carrier.

### EXHIB IT SWWEST -6 RELATIONSHIP WITH THE GOVERNMENT OF AZERBAIJAN
As noted in Exhibits SWWEST-1 and SWWEST-4 , Silk Way West i s a p1ivate limite d liability company. Under its Charter, Silk Way West is an independent legal entity ha vi ng an indep endent balance s heet, pr operty, 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 whereb y the State is not liabl e for any commitments of Silk Way West, and Silk Wa y West i s not li able for the ob ligation s of the State
. Therefore, Silk Way West ha s the authority to independently co ntro l its own managerial decisions, and its officers , directors , and key personnel are c harged with, and carry out, that respo nsibi lity.

### 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 In surance) from Si lk Way We st's insurer is attached hereto
.

# 0 AGE NCY DI SPLAY OF ES TIM A TE D BURD EN The public report i ng burden for th i s collection of information is estimated to average 30 minutes per respo ns e . If you wish to com m ent on th e accuracy ci th e estimate or make suggestions for reducing th i s burden,**~ease** direct your comments to: U
.S
. D epartment ci Transportation , Office of Aviation Analysis
. X-56, 400 7 St. , S W

, Wash i ngton , D
.C
. 20590
. Office of !he Secretary NOTE : For information on where to file completed cop i es a th i s form , see FI LIN G INSTRUCTIONS bElow
. ofTransportation OMB No
. 2106-0030 Expires 2 -2941 U
. S. FOREIGN AIR CARRIERS C ERT I FICATE OF INSURANCE POLICIES OF INSURANCE FOR AIRCRAFT ACCIDENT BODILY I NJU RY AND PROPERTY DAMAGE LIABILITY FI LING I NSTRUCTIONS: Fi le a si gn ed orig inal o f thiS form with the Federal Aviat ion Administration, Ai r Transportat ion D iv., AFS-260 , BOO Independence Ave ., SW ., Washington, DC 20591
. (See EX CEPT I ON below
. )

EXCE PTIO N : If Section 2
.A
. is lifted in because the in sur ed is a Canadian Charter A ir Ta xi Operator , file an original of thi s form with th e U. S
. Departme nt ci Tra n sportation, Spec i a l Authorities Divis ion (X-46 ), 400 7" Streel SW , Washing ton, D
. C. 20590 (Please type information, except signatures
.) THIS CERTIFIES THAT: SI L K WAY IN S U RANCE OJSC (Name of Insu r er) has iss ued a p olicy or po l icies of Airc raft Liab il ity I nsu r ance to S I LK WAY AIRLINES LI M ITE D an cl/or SILK WAY WEST AIRLINES 1 03 Nizam i Str., B a ku, Aze rba ij a n, AZ 1 000 (Name , add r ess and FAA Ce rt ificate numbe r of I nsured Foreign A ir Carrier ) ef

f ective fro m u ntil ten (10) days afte r w ritte n n otice from t he i nsu r e r or ca rr ier of th e intent t o term i n ate cover a ge is received by t he Department of T ra n s portation
. NOTE : Pa rt 205 of th e Depa rtm en t' s Reg u l ations d o es no t allow for a predetermined te rmin ation date , and a certificate showing suc h a date is u naccepta b l e . 1
. The I n su rer (Check One) : 

### 0 is l icen s ed to issue a ircraft insurance policies in the United States ;**~** is licensed or a p p rove d by t he governmen t of AZ ERBAI JAN to issu e a ircraft i nsura nce po l ici es ; or 

### 0 i s a n ap proved s u rplus li n e in surer i n the S t ate(s) of 2. Th e ins u rer assum e s, under the pol i cy or p olic i es listed be low , a i rcraft acc ident lia b ility i nsured to m i n i m ums at l east equ al to the following dur i ng opera tion , mainte n an ce , o r use of ai rcraft in " forei g n air transpo rtati on " as that term is defined i n 49 U
.S
. C. 40102
. (C, omulete**~Q(llicable ~~Q** **iQ n**  A, B or (;;**!1~/Qw) :**  A
. CANADIAN C HARTER AIR TAXI OPERATORS WITH PART 294 AUTHORIT Y ONLY The ai r c r

aft cove red by this p olicy h ave: (1) 30 or fewer p assenger seats and a maxi m um pay load cap aci t y o

f 7 , 500 p ounds or less : and/or (2) a maximum a uthorized takeoff weight on wheels of no mo r e than 35
. 000 pounds. (Complete separate o r combing_d !<QveraQe as aperoeriate) : 

### 0 Separate Coverages :**in imumum~**  PoliC't,NO
. T"t.Pe of Liabilit't. Each p erson Each Occurrence Combined B odily Injury (Excluding Passengers other than ca rgo att enda nts ) and Property Damage Li abil ity $75 ,000 $2 ,ooo , ooo· (see note ) Passenger Bod i ly Injury $75 ,000 $75,000 x 7 5 % of to tal n u mber of passenge r seats I ns talled i n a ircra ft 

### 0 Comb i ned Coverage : This comb in ed coverage is a s i ng l e l imit of li a bi l i ty fo r each occur re nce at l e as t equa l to the requ i red minimums stated above for bod i ly i n jury (excluding pas sengers )
. property dam age , and pa ssen ge r bod il y i n j ury. Policy No
. Amount of Cove r age U
. S
. Dolla r s 

### 0 This po li cy covers CARGO operations only and excludes passe n ger liab il ity i nsur a nce . NOTE : If the a i rcraft covered b y t h is pol ic y have more th a n 30 passenger sea ts or more th an a m aximum payload capacity o f 7 , 500 pounds
. the m ini mum l i mit 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 comb ined 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 separa t e 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 airc r aft**~** Comb i ned Coverage : This combined coverage is a single limit of liability for each occurrence at least equal to the requ i red minimums stated above for bodily injury (excluding passengers), property damaged, and passenger bodily injury
. Policy No J51308087 Amoun t 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 li sted in thi s certificate insure(s) (Check One): 

### [8] Operations conducted with all ai rcraft operated by the insured 

## 0 Operations conducted with the following types of aircraft : 

## 0 Operations with the following aircraft : (Use add i tiona l page i f necessa ry) Make and Model FAA o r Foreign Flag Registration No
.

4
. Each policy listed in this certificate meets or exceeds the requ irements in 14 CFR Part 205. SILK WAY INSURANCE OJSC JLT SPECIALTY LIMITED (Name of Insurer) (Name of Broker, ifapplicable) 55, Z
.Ai i veva sir
. THE ST BOTOLPH BUILDING, 138 HOUNDSDITCH (Address) (Address) B

a ku, Azerbaijan, AZ1010 LONDON EC3A 7AW. ( C

i ty

, Slate, Z i p Code) (City , State, Zip Code) Niyazi lmanov B
. J Ma r ler - AUT H ORISED SIGNATORY C

o ntact (person who can verify the effectiveness of the c o v erage) (Officer or authorized representative) 0207 466 1377 0207 466 1444**-~+~99~4~1~2~5~98~38~50 ~--** **-~-~~ 9~9~4~12** **2~~--** (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 Apri l , 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 continuou s renewal on bi-annual basis as set forth in the applicable law s 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 legi s lation of Azerbaijan. Oversight of Silk Way West's operations is performed by the State Civil Aviation Administration of the Republic of Azerbaijan. S ilk 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 OFAZERBAIJA N 

## DOYLaT MULKi AViASiYAADMiNiSTRASiYASI / STATE C I V IL A VIATIO N A DMI N

ISTRA TIO N 

# iSTiSMAR<;I SERTiFiKATI I 

# AIR OPERATOR CERTIFICATE

l sti s ma rct sertitikattmn N !! AOC-007 Qi.iv vddd o lma mildd:}ti : 19.06.20 16
AOC tl: 

### 00 7 Expiry da l e : Jun e 19. 20 1 6 

### i stis marrymm adt: " Si lk Vey Vest**Avia~ irbti** **'** 

### MM C f stis marc;mm ilnvam : Heyd:}r 8 1i yev Bey ndlxalq Ae r oportu, AZ 

### I 044 , Bakt**~d ri** **,** 

### Az::lrbaycan Respublik as t Telefon: (+ 

### 99 4 12) 437 47 63 Faks: (+ 

### 994 12) 437 40 92 Elektro n ilnv am : s ilkwaywest @s ilkwa yltd
.com O

p erato r name : "Silk Way West Air lines'' LLC O

p e rator address : H ey

dar A li yev Inte rnational A irport
. AZ 1044. Baku city, th e Repub lic of AzerbaUan Pho n e:(+ 994 12) 43 7 4 7 5 7 Fax : ( + 994 12) 493 38 59 E-mai l : si lkwaywest @s ilkwayltd. co m 

### 1sti s mar mi.idd :}ti ;}rzindd t ;}c ili d laq d: Telefon: (+ 

### 994 77) 888 9 1 48 Faks: ( + 

### 994 12) 437 47 94; elektron ilnvam : s ilkw ay.o ps @ s ilkwaltd .com Operativ f ;} hb :} rlikl ;} t;}cili ;} laq:} sax lamaq i.ic;iln m:} lurn at**Uc; nn**  

### icrast i.i zr:} Td lim atm A Hi ss:}s ind :} 1 .2 paraqraf mda**yer ld** **dirilib** 

### Operat ionalpoint s of contact : Phone : ( + 994 77 ) 888 91 48 Fax : ( + 994 1 2) 43 7 4 7 94 : e- m a il : s ilkwa y . ops @s ilfo. valtd.com Con tact de/ai ls. at which opera tio nal manage m ent can be co ntacted w ilhoul undu e de lay ar e listed in th e Operation s Manual Part A. Cha pt e r I para gra ph 1.2 

### Bununla t;}s diq edilir ki , " Si lk Vey Ves t Avias irbti
.. MM C-y;} is tism ar**;} hdudi** **yy~ tl** **;}r ind** **d** 

### gos t;}ril d n**~d rtl** **rl d** **"Ury rm**  

### ye rin d yctiri lm ;}s in ;} dair**t~limaf'a** V;} 

### Az;->rb ayca n Re s publikas mm " Av ias iya haqqmda " Qanununa mi.iv afi q o laraq kommersiya hava**da~ tm** **nm** 

### ye rin ;} yetirm ;')y;} icaz::l verilir. This cert {fica te ce rt{fi es that "Si lk Way West Air lin es'' LL C is au th ori ze d to pe1:{orm commerc ia l a ir o p era ti ons a$ definecLinthe attached o p era ti ons spec[fications in accordance wi th th e Operations Man ual and " Aviation Law " of th e Republic of AzerbaUan
. 

### \ llu Sertifik at**a~qas ma**  

### verild bilm;} Z. Sertifikatm qilvv:}si mildyydn**edi lmi** **~** 

### qaydada dayandtrtl a V;} 

### ya !;}gv o lun a bil d r . This Ce rtif 'EEi e**~l'l_o ttrans** **jj,. abl** **e.** 

### The v_(Jjidity_!Jfc_ertijicate ma)l_be**u~p_end d**  

### or revoked in a cco rdance with th e-es tablished proced ur

es . 

### Verilm d tarixi: 1 9 l y un 2 014- c il il Adt, Soyad t / Name and Signa ture: Hac1aga 

### aliycv I 

### Hajiaga**A. ~-** **..::<h:::l-. ---::--:---** **----- --** 
.**J- ~** **~** 

### Dat e oft ss ue : Jun e 19 ,2 014 Vdzif;}s i I 

### Titl e: Direktorun mil av ini I 

### Deputy Director**~**

### EXHIBIT SWWEST -9 OPERATING HISTORY

Silk Way West Airlines is a pri vate limited liability company duly organized and
reg istered under the law s 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 t o be shown further in Exhibit SWWEST -4. Silk Wa y West is an all-cargo airline that i s now operating three (3) B oeing 747-400F ai rcraft , and two (2) B oeing 767-300F aircraft. Silk Way West is also planning to add two (2) Boeing 747-8F aircraft to its flee t in the second h alf of2014. Silk Way West h o ld s an Air Operator Certificate (A O C N o. 007) most recently issued to it by the State Civil Aviation Admini stration of the Republi c of A z erbaijan on June 19, 2014. Silk Way We st i s registered with the International Civil Aviation Organization ("lCAO " ). Its ICAO-a ss igned code is AZG. Silk Way West also holds lATA code 7L*. Silk Way We st i s based at Baku Heydar Aliyev International Airport. It 

### specia li zes in


### scheduled and charter cargo trans portation services between Baku and multiple foreign de sti nation s in 

### Europe and Asia. Its key de st inati o ns include A lma ty (Kaza kh stan ) , Bi s hkek (Kyrgyzstan), Kiev (Ukr aine) , Delhi (India) , Dh aka (Bangladesh), Dubai (UAE), Frankfurt/Hahn (Gern1any) , Hong Kong (Ho n g Ko ng) , Istanbul (Turkey), Kabul (A fghani stan), London (UK) , Milan (Italy), Shanghai and Urumqi (China), and Tbilisi (Georgia). Silk Way W est has de ve loped its reputatio n as a well -known and reli ab le cargo carrier wi th a sig nificant n etwork ofroutes focusing on major carg o desti nati ons in Europe and Asia. Silk W ay West carried 24 421 tons of cargo in the fir st six months of its operatio n s in 20 12; and 41 354 tons of cargo in 2013 , operating 653 and 956 internati o nal , d ome stic sc heduled and
c harter fli ghts in those yea rs , respecti ve ly.

### EXHIBIT SWWEST -9 Silk Way W es t Airlines i s a growing airline that id entifi es safe ty and quality of its
services as its primary goal. It consistently wo rk s to position itse lf as the preferred o p erato r providing high quality, saf e , co mfortabl e and affo rdable flight s to major E ur oasian destin ation s, as well as to add North Ameri ca destinations to its route map .

### EXHIBIT SWWEST -10 AIRCRAFT INVENTORY Silk Way West currently operates five (5) aircraft, including: three (3) Bo eing 747- 400F aircraft, and two (2) Boeing 767-300F aircraft. Silk Way West is also planning to a dd two (2) Boeing 747-8F aircraft to its fleet in the second half of 20 14. All of Silk Way Wes t 's aircraft are current l y le ased from Silk Way Airlines LLC. For its proposed U.S. operat i ons, Silk Way West is planning to operate its Boeing 747 equipment, as li sted below
. Si lk Way West is the current so le operato r of the li s ted aircraft and does not contemp late 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 Ai rl ines" LLC 4K-SW800 Azerbaijan Boeing 747-400F, 29730 Leased/"Silk Way Airlines" LLC 4K

- SW888 Azerbaijan Boeing 74?-400F,

_ 29732 Leased/" Silk Way A irlines" 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 utili ze primarily its Boeing 747

-400F aircraft to conduct the proposed operations, as well as any other aircraft currently in its fleet , or s uch ot her 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 i s also an EASA Part 145 certified AMO. It is located at Baku Heydar Aliyev Internatio nal 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 co ntrac t. 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 nece ssary in the near future
. Azerbaijan is a contracting s tate to the Convention on International Civil Aviation ("Chicago Convention"). Silk Way W es t Airlines' aircraft are maintained in compliance with ICAO Annexes 1, 6 (Part 1) , and 7. In 

### addition, Silk Wa y West Air lin es' a ir craft conform to
respective type designs approved by the State of the Manufacturer and have been issued civil airworthiness certificates in accordance wit h t he provisions of ICAO Annex 8. Overs ight over continuous airworthiness of Silk Way West Airline s ' aircraft is p erformed under the applicable regula ti o n s of Azerbaijan as the s tate of the operator and of the registry of the aircraft as set forth in Annexes I , 2, 6 and 8 to the Chicago Conven tion.

### EXHIBIT SWWEST -12 AGREEMENTS WITH OTHER CARRIERS AFFECTING

SILK WAY WEST AIRLINES SERVICE PROPOSAL
Silk W ay We s t Airlines ha s no agreements or cooperative working arrangeme nt s with other carriers that affect the service s proposed by thi s application.

### EXHIBIT SWWEST -13 FINANC IAL DATA SUMMARI ES
Silk Way West Airlines i s pr ov iding t he Dep artment with finan c ial data for the year of its operatio n s. The s ta tem ent is in Azerbaijan and USD currency as of D ecember 31 , 2013. Silk Way West Airlines res p ecti vely re que sts that in additi o n t o the ref erenced financial documentation, the D epart ment consider its current operations as s uffi c ient to demon s trate its
c apability to o p erate to the U nite d 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 yea r 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 Enterpri se operations in year 2013 were eff i cien t. Net i n come 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, o f budget or soc i a l funds
.
Oleg A. Bakhishev Chief Financial Officer

H eyda r A liyev Intern at ion a l Airp o rt A Z 10 44 , Baku , Az erba ij an Te l. : +994 (1 2 ) 4 37 4 7 63 F ax: +99 4 ( 1 2) 437 40 92 Fa x : + 9 9 4 ( 1 2) 4 9 7 10 38 SIT A : B AKO U8 X E- m a i l : si l kwaywest @ silkwayltd.co m www . si l kwa ywe st
.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 $6 5 000. 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 ne go tiations , 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 inv olving loss of life in the year of its operations , and in the five (5) years preceding this application. Silk Way West Airline s has not been involved in any tariff vio lation s in the year of its operation s, 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 embody i ng 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 Ru l es 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 i n 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, e xcept that , in case of a claim brought in a State where provision is made for separate award of lega l fees and costs , the li mit 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 pas senger, 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 i n death , wounding, or other bodily injury of a passenger .· 2
. Each Carrier shall, at the time of deli very of the ticket , furnish to each passenger whose transportat i on is governed by the Convention, or the Convention as amended by the Hague Protocol , and by the special contract described i n paragraph 1 , the following not ice, 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 t icket envelope with the ticket or attached to the ticket ; or (iii) on the ticket envelope : "ADV ICE 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 j ourney , in clud i ng any portion en t irely within the country of origin or destination
. For such passengers on a journey to, from
. or with an agreed stopping place in the Un i ted States of America , the Convention and special contracts of carriage embod i ed in applicable tariffs provi de that the l i ab il ity of SILK WAY WEST AIRLINES [certain ]* [(name of carrier) and certain other) carri ers parties to such special contracts for death of or personal injury to passengers is limited in most cases to proven damages no t to exceed US $75,000 per passenger, and that this liability up to such limit shall not depend on negl i gence 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 inj ury 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 ava ilable 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 con tracts of carri age . For further information p l ease consult your airline or i nsurance company representative ." 3
. [This Agreement was filed with the Civil Aeronautics Board of the Un i ted States
. The Board approved it by Orde r 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 givin g**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 alternat ive may be used
. ' >

OST Form -'523 (Formerly CAB Form 263) (Printed Name and T itle) Kamran Gasimo v . Director / CEO (Name and Address of Carrier) Silk Way West Airlines , Heydar Aliyev Internati onal Airport , Bak u AZ-1044 AzerbaijanU.S
. Department of Transportation Office of the Secre tary ofTransportation 

### AGREEMENT Docket OST 95·236

The undersigned carriers (hereinafter referred to as " the Carri ers") hereby agree as follows : 1
. Each of the Carriers shall , effective May 16 , 1966 , indude the following in its condi t ions of carriage , i ncl uding tariffs embodying cond iti ons of carriage filed by it with any governmen t:

" The Carrier shall avail itself of the limitation of liability provided in the Convention for the Un i fication of Certa i n Rules Re l at i ng to International Carriage by Air signed at Warsaw October 12th, 1929, or provided in the sa i d Conven t ion as amended by the Protocol signed at The Hague September 28th , 1955
. However
. in accordance with Art i cle 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 t he United States of Ame ri ca as a po i nt of origin , point of destination, or agreed stopping place (1) The lim it of liability for each passenger for death , wounding , or other bodily injury sha ll be the s um of US $75,000 inclus ive of legal fees and costs, except that , in case of a claim brought in a State where provision is made for separate award of l egal fees and costs , t h e 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 in j ury o f 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 da i m brought by , on behalf of , or i n respect of any person who has willfully caused damage which resulted in death , wounding , or oth er bo dil y injury of a passenger. · 2
. Each Carrier shall, at the time of delivery of the ticket , furn i sh to each passenger whose transportati on i s governed by the Convention , or the Convention as amended by the Hague Protocol , and by the special contract described in paragraph 1 , the follow i ng notice, wh i ch shall be printed in type at least as large as 10 point modem type and in ink contrasting with t he stock on (i ) each ticket; (i i) a p i ece of paper either placed in the t i cket 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 ulti mate destination or a stop in a country other than the country of ori gin are advised that the provisions of a treaty known as the Warsaw Convention may be appl i cable to the entire j ourney , i nclud i ng any portion entirely w ithin the country of origin or destination
. For such passengers on a journey to , from, or with an agreed stopp i ng place i n the Un i ted States of America , the Convention and special contracts of carriage embod i ed in applicable tariffs provide that the l i ability of SILK WAY WEST AIRLINES [certa i n ]* ((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 liabil ity up to such lim it 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 j ourney 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 l i mited 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 o f such carriers and may be examined on request. Addit i onal protection can usually be obtained by purchasing insurance from a private company . Such insurance i s not affected by any lim itation of the carrier's liabil ity under the Warsaw Convention or such special contracts of ca rr i age . For further i nformat i on 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 Ag r eement 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 wh i ch 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 th i s Agreement by giv i ng twelv w ( 12) onths ' writ1 en not i ce of withdrawa l to DOT and the other Carriers parties to the Agreemen t. \ • .1"'1 '-' 

### A'P
. .Jl .J /1 (Signa t ure and Date ) V"t' "ff "2.-L "'Z. 20 ,.., •either alternative ma y be used
.**~** '

OST Fonn 4523 (Fonnerly CAB Fonn 263) ( Printed Name and n le) Kamran Gas i m ov . D irect or/CEO ( Name and Address of Carri er ) Si l k Way We st A i rlines , Heydar Al i yev International Airport , Baku AZ·1 044 AzerbaijanU.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 i n i ts conditions of carriage , includin g 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 Un i ficat ion of Certain Rules Relating to International Carriage by Air signed at Warsaw October 12th , 192g, or prov i ded 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 internationa l 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 po int in the United States of America as a point of orig in , point of destination , or agreed stopp i ng p l ace (1) The limit of liability for each passenger for death, wounding , or other bodily injury sha ll be the sum of US $75,000 incl us i ve of legal fees and costs , except that , in case of a claim brought in a State where provision is made fo r 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, o r 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 cla i m 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 , furn i sh to each passenger whose transportation i s governed by the Convent io n. or the Convention as amended by the Hague Protocol, and by the special contract described in paragraph 1 , the following notice , wh i ch shall be printed in type at least as large as 10 point modern type and in ink contrasting with the stock on ( i ) each t i cket ; (ii ) a piece of paper either placed in the ticket envelope with the t icket 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 ori gin are advised that the provisions of a treaty known as the Warsaw Convention may be applicable to the entire journey , i nclud i ng any portion entirely within the country of orig i n or destination
. For such passengers on a journey to , from , or with an agreed stopping p l ace i n the United States of America , the Convention and special contracts of carriage embod i ed in applicable tariffs provide that the li ab ility 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 j ourney not to , from, or having an agreed stopping place i n 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 obta i ned by purchasing insurance from a private company . Such i nsurance is not affected by any limitation of the carrie(s liability under the Warsaw Convention or such special contracts of carriage
. For further informat io n 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 i t b y 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 depos iting it with DOT
. 5
. Any Carrier party hereto may withdraw from this Agreement by givi ng twelve (12) o nths' written notice of withdrawal to DOT and the other Carriers parties to the Agreement.

* Either alternat ive may be used
.

OST Fonn 4523 (Fonnerty CAB Fonn 263) ( Printed Name and Title ) Kamran Gas imov. Director /CEO (Name and Address of Carri er) Silk Way West Airlines , Heydar Al i yev Internation a l Airport , Ba k u AZ-1044 Azerbaijan