***Execution        Copy***

**Re:      Supermarine FBO Acquisition**

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** **

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* *
* *

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*provided,      however,*
*provided*

*provided,      however,*

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|         |                                            |                                               |
|--------------|-------------------------------------------------|----------------------------------------------------|
|         | Very                truly                yours, |
|         |                                            |
|         | **MIZUHO CORPORATE BANK,                LTD.**  |
|    |                                       |                                          |
|         | By:                                   | /s/                  C.                  Stolarski |
|         |                                                 |

|   | Name:  | C.                  Stolarski                |   |
|--------|--------|----------------------------------------------|--------|
|   | Title: | Senior                  Vice President  |   |
|   |

**By      MAC**
**QUARIE      FBO HOLDINGS LLC**

|                                         |                      |   |   |
|----------------------------------------------|---------------------------|--------|--------|
| By:               /s/ Peter Stokes |                      |   |   |
|                                              |                      |   |        |
| Name:                    | Peter              Stokes |        |        |   |   |   |
| Title:                                  | CEO                       |   |   |   |   |   |

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|         |                                                                          |                                        |
|--------------|-------------------------------------------------------------------------------|---------------------------------------------|
|         | Very              truly              yours,                                   |
|         |                                                                          |
|         | **THE GOVERNOR AND COMPANY OF              THE BANK OF              IRELAND** |
|    |                                                                     |                                   |
|         | By:                                                                 | /s/ Peter                O’Neill |
|         |                                                                               |

|   | Name:  | Peter                O’Neill         |   |
|--------|--------|--------------------------------------------|--------|
|   |   |                                       |   |
|   | Title: | Senior                Vice President  |   |
|   |   |                                       |   |

|   |            |                                 |
|--------|-----------------|--------------------------------------|
|   | By:   | /s/ Eric                A. Muth |
|   |                 |

|        | Name:  | Eric                A. Muth   |   |
|--------|--------|-------------------------------|--------|
|   |   |                          |   |
|   | Title: | Vice                President |   |
|   |

**By      MAC**
**QUARIE      FBO HOLDINGS LLC**

|                                                |                        |   |   |
|------------------------------------------------|-----------------------------|--------|--------|
| By:                 /s/ Peter Stokes |                        |   |   |
|                                                |                        |   |        |
| Name:                      | Peter                Stokes |        |        |   |   |   |
| Title:                                    | CEO                         |   |   |   |   |   |

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|         |                                                                     |                                      |
|--------------|--------------------------------------------------------------------------|-------------------------------------------|
|         | Very                truly                yours,                          |
|         |                                                                     |
|         | **BAYERISCHE LANDESBANK, NEW                YORK                BRANCH** |
|    |                                                                |                                 |
|         | By:                                                            | /s/ Thomas                  Augustin |
|         |                                                                          |

|   | Name:  | Thomas                  Augustin      |   |
|--------|--------|---------------------------------------|--------|
|   |   |                                  |   |
|   | Title: | Vice                  President  |   |
|   |   |                                  |   |

|   |            |                                      |
|--------|-----------------|-------------------------------------------|
|   | By:   | /s/ Donna                  M. Quilty |
|   |                 |

|        | Name:  | Donna                  M. Quilty |   |
|--------|--------|----------------------------------|--------|
|   |   |                             |   |
|   | Title: | Vice                  President  |   |
|   |

**By      MAC**
**QUARIE      FBO HOLDINGS LLC**

|                                                  |                          |   |   |
|--------------------------------------------------|-------------------------------|--------|--------|
| By:                   /s/ Peter Stokes |                          |   |   |
|                                                  |                          |   |        |
| Name:                        | Peter                  Stokes |        |        |   |   |   |
| Title:                                      | CEO                           |   |   |   |   |   |

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**Indicative      Summary of Terms and Conditions**

**December      21, 2006**

| **I.**  ** ****The                Parties** |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 1.                Borrower                                 | Atlantic                Aviation FBO Inc. (“Atlantic”) whose sole business is the ownership of                entities (“Project Entities”) that operate Fixed Base Operations (FBO’s)                and manage airports, and is seeking to acquire Supermarine of Santa                Monica, L.P., Aviation Contract Services, Inc., Supermarine of Stewart,                LLC and Supermarine Investors, Inc. (together, the “Supermarine                Companies”). |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 2.                Purpose                                  | To                amend the existing Amended and Restated Loan Agreement, dated as                of June                28, 2006 (the "existing Loan Agreement"), among the Borrower, the                Lenders                thereto and the Administrative Agent to provide an additional $32.5                million of term loan debt needed to fund a portion of the acquisition                price of the Supermarine Companies and related acquisition                costs.                             |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 3.                Equity Investor                          | Macquarie                FBO Holdings LLC, a Delaware limited liability company, indirectly                100%                owned by Macquarie Infrastructure Company Trust, a New York Stock                Exchange                listed entity (“MIC”).                                                                                                                                                                                                                                            |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 4.                Lead Arrangers                           | Mizuho                Corporate Bank, Ltd., Bayerische Landesbank, New York Branch and                The                Governor and Company of the Bank of Ireland                                                                                                                                                                                                                                                                                                                                                  |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 5.                Syndication Agent                        | Bayerische                Landesbank, New York Branch                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 6.                Administrative Agent                     | Mizuho                Corporate Bank, Ltd.                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

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| 7.                Documentation Agent     | The                Governor and Company of the Bank of Ireland                                                                                                                                                                                                                                   |
|-------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                      |                                                                                                                                                                                                                                                                                             |
| 8.                Senior Lenders          | Lead                Arrangers and other banks or financial institutions to whom the Facilities                may be syndicated.                                                                                                                                                                 |
|                                      |                                                                                                                                                                                                                                                                                             |
| 9.                Initial Lenders         | As                to the Existing Term Loan Facility, the Lead Arrangers and Macquarie                Bank                Limited, as Co-Lead Arranger. As                to the Supermarine Acquisition Term Facility, the Lead Arrangers                and other                Lenders. |
|                                      |                                                                                                                                                                                                                                                                                             |
| 10.                Revolving Loan Lender  | Mizuho                Corporate Bank, Ltd.                                                                                                                                                                                                                                                       |
|                                      |                                                                                                                                                                                                                                                                                             |
| 11.                Lenders' Legal Advisor | Orrick,                Herrington & Sutcliffe LLP                                                                                                                                                                                                                                            |
|                                      |                                                                                                                                                                                                                                                                                             |
| 12.                Other Consultants      | Technical:                Leigh Fisher Associates (a division of Jacobs Consulting                Inc.)Environmental:                Environmental Strategies ConsultingInsurance:                Moore-McNeil, LLC                                                                              |

| **II.                The Facilities**              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|----------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 14.                The Facilities                  | The              Facilities will consist of the following:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                                               | (i)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | Existing              Term              Loan Facility of a principal aggregate amount of $480,000,000, 100%              of              which was drawn on or before July 11, 2006; |
|                                               | (ii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | Supermarine              Acquisition Term Facility of a principal aggregate amount of up to              $32,500,000; and |
|                                               | (iii)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | Revolving              Credit Facility of a principal aggregate amount of              $5,000,000. |
|                                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |
|                                               | The                Supermarine Acquisition Term Facility will be used to partially finance                the acquisition of the Supermarine Companies.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| **Existing                Term Loan F****acility** |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 15.                Use of Proceeds                 | $300                million of the proceeds of the Existing Term Loan Facility (the                "Refinancing Portion") were used to refinance existing debt of North                America Capital Holding Company and Macquarie Airports North America                Inc.,                pay for related costs and expenses, and finance a distribution to                Equity                Investor, and an additional $180 million of the proceeds of the Existing                Term Loan Facility (the "Trajen Financing Portion") were used to                finance                the acquisition of the equity interest in Trajen Holdings, Inc. and                pay                for related costs and expenses. 100% of the proceeds of the Existing                Term                Loan Facility were drawn on or before July 11, 2006. |
|                                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 16.                Term Loan Maturity Date         | December                12, 2010.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |

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| 17.                Closing Date                                         | Refinancing                Portion: December 12, 2005Trajen                Financing Portion: July 11, 2006                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|-------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| **Supermarine                Acquisition Term F****acility**            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 18.                Use of Proceeds                                      | The                proceeds of the Supermarine Acquisition Term Facility will be available                to                finance the acquisition of 100% of the equity in the Supermarine                Companies.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 19.                Drawdown                                             | Advances                under the Supermarine Acquisition Term Facility will be made in a                single                distribution up to the full principal amount of the Supermarine                Acquisition Term Facility.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 20.                Repayment                                            | The                Supermarine Acquisition Term Facility, together with the Existing                Term                Loan Facility, will comprise 100% of the term loan facility under                the                amended Loan Agreement (the "Term Loan Facility"). For the avoidance                of                doubt, the borrowing under the Supermarine Acquisition Term Facility                are                subject to the same repayment terms and conditions as those applicable                to                the Existing Term Loan Facility. All                amounts outstanding under the Term Loan Facility (including advances                made                under the Supermarine Acquisition Term Facility) shall be due and                payable                pari passu in full on the Term Loan Maturity Date (defined                above).  |
|                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 21.                Termination of Supermarine Acquisition Term Facility | Unused                commitments under the Supermarine Acqusition Term Facility will be                terminated on the earlier of (i) the day of a partial draw down of                such                facility or (ii) March 31, 2007.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 22.                Projected Amendment Signing Date                     | January                12, 2007                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| **Revolving                Credit Facility**                            |
|                                                                    |
| 23.                Use of Proceeds                                      | Borrower                may utilize the Revolving Credit Facility for Letters of Credit and                working capital requirements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 24.                Revolving Loan Maturity Date                         | Term                Loan Maturity Date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 25.                Closing Date                                         | December                12, 2005.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 26.                     Drawdown                                        | Advances                under the Revolving Credit Facility may be made, and Letters of Credit                may                be issued, on a revolving basis up to the full amount of the Revolving                Credit Facility.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 27.                Prepayment                                           | Prepayments                of the Revolving Credit Facility are permitted without penalty on                any                Interest Payment Date upon not less than three (3) days prior written                notice to the Revolving Loan Lender. Optional Prepayments of the                Revolving                Credit Facility must be made in a minimum amount of $100,000 and                in                increments of $50,000. All amounts outstanding under the Revolving                Credit                Facility shall be due and payable in full on the Revolving Loan Maturity                Date.                                                                                                                                                                                                                                                                              |

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| **III.**  **Terms of the Credit Facilities** |
|--------------------------------------------------------|
|                                                   |   |
| 28.                  Mandatory Prepayment              | The Borrower shall promptly make Mandatory                Prepayments in the following situations. The Mandatory Prepayments                shall                be applied to the term loans under the Term Loan Facility (the "Loans"),                including any amounts added to the Term Loan Facility due to draws                under                the Supermarine Acquisition Term Facility. |
|                                                   |   |
|                                                   | i.     If                any insurance or condemnation proceeds (other than business interruption                insurance) are not used for reconstruction, Borrower will prepay                that                amount of the Loans, without penalty, subject to appropriate materiality                tests. |
|                                                   |   |
|                                                   | ii.     If,                  during any fiscal year, any net proceeds from a sale of the Borrower's                  or                  its subsidiary's property that is not used to purchase replacement                  assets                  exceeds $250,000, Borrower will prepay the Loans in the amount                  of such                  excess; subject, however, to the last paragraph in Section 37 -                  Undertakings with respect to the management contracts                  business. iii.     If                  Borrower or its subsidiaries incurs debt for borrowed money that                  is not                  permitted indebtedness, 100% of the net debt proceeds will be applied                  to                  prepay the Loans. |
|                                                   |   |
|                                                   | iv.      If                Borrower or its subsidiaries sells or issues equity securities (other                than                any issuance or sale to fund expansion capital expenditures or to                prepay                Loans in the event described in paragraph vi below, or certain                intercompany issuances), 100% of the net equity proceeds will be                applied                to prepay the Loans. |
|                                                   |   |
|                                                   | v.      The                proceeds of any termination payment or similar compensation received                in                respect of the termination of any FBO Lease, any management contract                or                the heliport contract, will be                applied to prepay the Loans. |
|                                                   |   |
|                                                   | vi.      If                one or more Distribution Requirements are not satisfied for two                consecutive Distribution Dates following a deposit of Excess Cash                Flow to                the Special Reserve Account as described in Section 31 below. |
|                                                   |   |
|                                                   | vii.      If,                during the Leverage Ratio Test Period, the Debt to EBITDA Ratio (as                defined below) is higher than amounts set out below, Borrower will                be                required to sweep all cash to pay down the Loans until the following                ratios have been                achieved. Failure to achieve the following ratios within two quarters                after the test date shall result in an Event of                Default: |

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|                                                                | Date of Debt to EBITDA                Ratio                test                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | Maximum ratio                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|---------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                | From the third anniversary                of term                loan drawdown                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                | To fourth                anniversary:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 5.5x                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                | From the fourth anniversary                of term                loan drawdown                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 5.0x                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                | To six months prior to                Maturity                Date:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                | From six months prior                to Maturity                Date                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                | To full repayment:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 4.5x                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                | In                  all cases the debt repayment can be made from cash on hand or additional                  equity injection from Equity Investor.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 29.                  Optional Prepayment                            | Prepayments                  of the Term Loan Facility are permitted without penalty (subject                  to the                  payment of any break funding costs incurred, including reversing                  interest                  rate hedging transactions) upon at least five Business Days written                  notice. Optional Prepayments of the Term Loan Facility must be                  made in a                  minimum amount of $1,000,000 and in increments of $500,000. Amounts                  repaid                  under the Term Loan Facility may not be redrawn.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 30.                  Mandatory Debt Service                         | Interest,                  Commitment Fee, Agency Fee and periodic scheduled hedging obligations                  payable by the Borrower will be considered Mandatory Debt                  Service.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 31.                  Restricted Payments                  (Lock-Up) | Borrower may make quarterly                distributions (within 35 days following each quarterly payment date)                so                long as the following conditions                (together, the “Distribution Requirements”)                have been met:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                | i.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | The DSCR for the preceding                twelve                month period (modified to exclude from the calculation of net cash                flow                any equity contributions received by the Borrower from the Equity                Investor                not used to pay for expansion capital expenditures or for any unusual                and                non-recurring fees and expenses relating to the integration of the                FBO                businesses) is 1.50 or higher; |
|                                                                | ii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | The DSCR for the subsequent                twelve                month period is projected to be 1.50 or higher;                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                                | iii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | Debt Service Reserve Account                is                fully funded;                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                                                                | iv.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | During the EBITDA Test                Period, no                failure of the Applicable Minimum EBITDA has occurred and no Lock-Up                Period is outstanding;                                                                                                                                                                                                                                                                                                                                                 |
|                                                                | v.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | Mandatory Prepayments                have been                made; and,                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                                                | vi.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | No Default or Event of                Default                exists.                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                                                | In                  the event that distributions are not permitted due to failure to                  achieve                  the Distribution Requirements, then monies which would have been                  distributed absent such failure will be deposited and trapped in                  the                  Special Reserve Account. Following such deposit, if on each of                  the next                  succeeding two (2) Distribution Dates the Distribution Requirements                  are                  not satisfied, then all monies which have been on deposit in the                  Special                  Reserve Account for at least six (6) months shall be applied to                  a                  Mandatory Prepayment of the Term Loan Facility. All monies on deposit                  in                  the Special Reserve Account (and not required to make a Mandatory                  Prepayment in accordance with the preceding sentence) shall be                  available                  for distribution if the Distribution Requirements are satisfied                  for each                  of the succeeding two Distribution                  Dates. |

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| 32.                  Applicable EBITDA Minimum | At each distribution                date during the period from the disbursement date of the proceeds                of the                Supermarine Acquisition Term Facility through December 31, 2008 (the                "EBITDA Test Period"), trailing 12 month EBITDA (on a pro forma basis,                as                if all facilities had been owned for the full twelve months), and                excluding amounts paid by the Supermarine Companies as management                fees to                American Airports Corporation prior to their acquisition by the Borrower),                shall exceed the following levels: |
|------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Year | Minimum EBITDA |  |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 2006  | $66.90 million |   |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 2007 | $78.16 million |   |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 2008 | $84.10 million |   |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |
| 33.                  Collateral                | The Facilities                are,                among other things, secured by a grant of first priority security                interest                in the following property (subject to acceptable                encumbrances):                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                                           | i.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Project Revenues (including                all                income, revenues, all interest earned on deposits and reserves, rates,                fees, charges, rentals, or other receipts derived by or related to                the                operations of the Borrower and its subsidiaries, and any revenues                assigned                to the Borrower and its subsidiaries and proceeds of the sale or                other                disposition of all or any part of the Borrower’s or its subsidiaries'                assets (“Project Revenues”), project accounts and cash therein, including                the Debt Service Reserve Account. |
|                                           | ii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | (A) Pledge of shares of                the                Borrower and (B) as and to the extent permitted under the terms of                the                applicable FBO Leases and other airport services contracts, pledge                of                shares of each of the subsidiaries of the Borrower. The Borrower                will make                all reasonable efforts to obtain the consent of the airport authorities                to                the extent such consent is required under the applicable FBO lease                to                pledge the subsidiary's shares. If, despite such efforts, the Borrower                is                unable to obtain all relevant consents, such subsidiaries will be                arranged                so as to be directly and wholly-owned by a single purpose affiliate                whose                shares will be pledged.iii. Security                  interest in substantially all assets of the business, including                  all                  management contracts and FBO leases (subject to release to accommodate                  the                  sale transaction described in Section 37 below), all other material                  agreements and rights to receive Project Revenues (including fuel                  contracts, subleases, service agreements, employment agreements),                  licenses, equipment and machinery, inventory (including jet fuel)                  and                  account receivables and intellectual property (including the “Atlantic                  Aviation” brand name and any other material acquired intellectual                  property) whether existing at the Amendment Closing Date or thereafter                  acquired, and the proceeds thereof. Note that under most of the                  FBO                  leases, including the Supermarine FBO Leases, prior consent of                  the airport                  authority is required to collaterally assign the FBO leases, and                  the                  Borrower is obligated to use commercially reasonable efforts to                  obtain                  consents from the airport authorities. To the extent consent is                  not given,                  the equity interests in the lessees under the Supermarine leases                  will be                  pledged as collateral. |

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|                                                | iv.                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Insurance policies and                any claims                or proceeds.                                                                                                                                                                                                                                                                                                                        |
|-----------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                |
| 34.                  Hedging Requirements           | Borrower                  is required to enter into interest rate hedges or novation arrangements                  with the swap providers from the original financings at financial                  close for at least 100% of the Term Loan Facility interest rate                  exposure,                  for the remaining term of the Term Loan Facility. All hedging payments                  will rank pari-passu with the Facilities. |
|                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 35.                  Representations and Warranties | Includes:                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                                                | i.                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Valid existence of                Borrower;                                                                                                                                                                                                                                                                                                                                                         |
|                                                | ii.                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Due authorization of                Borrower;                                                                                                                                                                                                                                                                                                                                                       |
|                                                | iii.                                                                                                                                                                                                                                                                                                                                                                                                                                                | Governing law, enforcement                of                judgments, validity and admissibility;                                                                                                                                                                                                                                                                                                  |
|                                                | iv.                                                                                                                                                                                                                                                                                                                                                                                                                                                 | No default;                                                                                                                                                                                                                                                                                                                                                                                         |
|                                                | v.                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Consolidated financial                statements                of Borrower and its subsidiaries are in accordance with its books                and                records and GAAP (subject to the waiver and consent provided by the                Required Lenders as of October 11, 2006 with respect to certain restated                financial statements for the 2005 and 2006 periods); |
|                                                | vi.                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Funding of pension plans                and                compliance with ERISA;                                                                                                                                                                                                                                                                                                                   |
|                                                | vii.                                                                                                                                                                                                                                                                                                                                                                                                                                           | Payment of taxes (subject                to                customary contest rights);                                                                                                                                                                                                                                                                                                               |
|                                                | viii.                                                                                                                                                                                                                                                                                                                                                                                                                                               | No material pending or                threatened                uninsured litigation;                                                                                                                                                                                                                                                                                                               |
|                                                | ix.                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Ownership of or leasehold                interest                in assets;                                                                                                                                                                                                                                                                                                                         |
|                                                | x.                                                                                                                                                                                                                                                                                                                                                                                                                                                  | No breach of environmental                or other                laws in any material respect (subject to customary contest                rights);                                                                                                                                                                                                                                                |
|                                                | xi.                                                                                                                                                                                                                                                                                                                                                                                                                                                 | No other business;                                                                                                                                                                                                                                                                                                                                                                                  |
|                                                | xii.                                                                                                                                                                                                                                                                                                                                                                                                                                                | Insurance coverage is                in line with                prudent market practice;                                                                                                                                                                                                                                                                                                           |
|                                                | xiii.                                                                                                                                                                                                                                                                                                                                                                                                                                          | All consents, filings,                and licenses                etc. required for conduct of business have been obtained and are                in full                force and effect;                                                                                                                                                                                                          |
|                                                | xiv.                                                                                                                                                                                                                                                                                                                                                                                                                                                | No indebtedness for borrowed                money                other than permitted indebtedness;                                                                                                                                                                                                                                                                                                 |

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|                                      | xv.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Effectiveness, enforceability                of                material agreements;                                                                        |
|-------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                      | xvi.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Creation, perfection and                first                priority of liens (except permitted liens);                                                   |
|                                      | xvii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Solvency;                                                                                                                                                  |
|                                      | xviii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | No Material Adverse                Effect;                                                                                                                 |
|                                      | xix.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Due authorization and                valid                issuance of all outstanding equity interests of Borrower and its                subsidiaries;    |
|                                      | xx.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Non-deferred payment of                purchase                price for aviation fuel at prevailing market prices at time of delivery;                and |
|                                      | xxi.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Accuracy of information                furnished.                                                                                                          |
|                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                       |
| 36.                  Conditions Precedent | Conditions                Precedent to                signing of the amended loan documentation will be similar to the                conditions precedent set forth in Section 4.2 of the existing Loan                Agreement (with necessary adjustments to account for the contemplated                transaction with Supermarine rather than Trajen) and in customary                form for                transactions of this nature. The delivery to the Lead Arrangers of                final                reports prepared by the Technical                Advisor, the Environmental Consultant, the Model Auditor and the                Insurance                Consultant                will not be a condition precedent to signing to the extent such reports                are provided prior to the issuance of the Commitment                Letter.                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                      | Conditions                Precedent to                advance under the Supermarine Acquisition Term Facility will                be similar to the conditions precedent set forth in Sections 4.3                and 4.4                of the existing Loan Agreement (with necessary adjustments to account                for                the contemplated transaction with Supermarine rather than Trajen)                and in                customary form for transactions of this nature. In addition, conditions                precedent to advance shall include payment                of the Underwriting Fees and Arrangement Fees (each as set forth                in the                fee letter attached as Exhibit B to the Commitment Letter), funding                by MIC                of a minimum of $48.8 million of equity, and the                receipt                of financial statements for the Supermarine Companies for the year                ended                December 2005 as audited by Lesley, Thomas, Schwarz & Postma, Inc.,                showing no material differences between the audited statements and                the                unaudited 2005 statements delivered as a condition precedent to signing                of                the amended loan agreement. |
|                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                      | The                  delivery to the Lead Arrangers of revised base case projections                  satisfactory to the Lead Arrangers will not be a condition precedent                  to                  advance under the Supermarine Acquisition Term Facility to the                  extent such                  projections are provided prior to the issuance of the Commitment                  Letter.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 37.                  Undertakings         | Positive                and negative                undertakings given by the Borrower as set forth in the existing Loan                Agreement and in customary form for transactions of this nature with                appropriate adjustments being made to account for the addition of                the                Supermarine Acquisition Term Facility, including without limitation                appropriate materiality tests, permitted exceptions and, where                appropriate, de minimis provisions.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

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|                                       | The                  amendment to the existing Loan Agreement will include a carveout                  to the                  prohibition against asset sales and dispositions for the sale of                  100% of                  the management contracts business currently operated by certain                  of the                  Borrower's subsidiaries, to the extent such sale is permitted by                  the terms                  of the relevant management contracts and in accordance with all                  applicable                  law, in favor of a reputable entity with sufficient experience                  in                  operating such services, and under arrangements whereby the Borrower                  and                  its Subsidiaries have no liability (contingent or otherwise, except                  with                  respect to customary representations and warranties given by the                  purchaser                  in the Purchase Agreements to the extent a breach thereof may give                  rise to                  a contingent liability) relating to such operations after the sale.                  100%                  of the net proceeds of the sale will be passed to the Investor                  as a                  dividend distribution, provided that 100% of any net proceeds in                  excess of                  $9.3 million will be applied to prepay the Loans. |
|---------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 38.                  Event of Default | Includes:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |
|                                  | i.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | Non-payment (with 3 Business                Days                grace for interest and other non-principal amounts); |
|                                  | ii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | Failure by the Borrower                to comply                with covenants relating to inspections of the property and offices                of the                Borrower and its Subsidiaries, Use of Proceeds; insurance, a default                under                any Subsidiary Guaranty or other Security Document, legal existence                and                good standing of the Borrower and its Subsidiaries, hedging arrangements,                compliance with legal requirements and contractual obligations, provision                of Additional Collateral, its obligations in respect of New Subsidiaries                and all Negative Covenants; |
|                                  | iii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | Default by the Borrower                or any                other Loan Party in performance or breach of other obligations or                undertakings under any Loan Document not remedied within a 30-day                remedy                period for affirmative covenants (extendable for longer period granted                at                Administrative Agent’s discretion if remedy cannot be accomplished in 30                days and is being diligently pursued and extension does not result                in a                Material Adverse Effect); |
|                                  | iv.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Any representation or                warranty made                by the Borrower or any other Loan Party being untrue in any respect                which                will or may have a Material Adverse Effect; |
|                                  | v.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | Cross-default                by the Borrower or any of its Subsidiaries with respect to any other                debt                (other than in respect of any subordinated debt) subject to materiality                threshold of $500,000; |
|                                  | vi.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Bankruptcy and insolvency                events                involving                the Borrower or any of its Subsidiaries; |
|                                  | vii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | Failure of Borrower or                its                subsidiaries to pay unstayed and uninsured judgments in excess of                $500,000                within 30 days; |

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|   | viii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Change of business;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | ix.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Any insurance required                is                terminated, ceases to be valid or is amended so as to have a Material                Adverse Effect unless substantially similar cover (and which is otherwise                in compliance with the Borrower’s insurance covenants) replaces such                insurance;                                                                                                                                                                                                                                                                              |
|   | x.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Nationalization, condemnation                or                government taking without fair value being paid therefor (so to allow                replacement of such property or prepayment of the                Obligations);                                                                                                                                                                                                                                                                                                                                                                                      |
|   | xi.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | Required authorizations                are revoked                or terminated (unless reinstated within 10 days or such longer period                as                necessary so long as such event could not reasonably be expected                to have a                Material Adverse Effect and Borrower is diligently pursuing                reinstatement);                                                                                                                                                                                                                                            |
|   | xii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | The Borrower or any of                its                Subsidiaries fails to comply with applicable laws, including all                applicable environmental laws, that will result in a Material Adverse                Effect;                                                                                                                                                                                                                                                                                                                                                                                   |
|   | xiii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Backward DSCR is less                than or equal                to 1.20 as of the end of any quarter;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | xiv.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Change of Control;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   | xv.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Failure to perform any                Material                Contract (subject to 30 day remedy period or such longer period granted                at                the Administrative Agent’s discretion if remedy cannot be accomplished in                30 days and is being diligently pursued and extension does not result                in a                Material Adverse Effect); provided                that failure on the part of a party other than the Borrower or its                subsidiaries is an Event of Default only if such failure has Material                Adverse Effect; |
|   | xvi.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | Inappropriate use of,                or withdrawal                of funds                from,                project accounts by the Borrower or any party to a Material                Contract;                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   | xvii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Default under the Subsidiary                Guaranty or any other Security Document;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | xviii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | Any Loan Document ceases                to be in                full force and effect; or Security ceases to be effective as first                priority security (subject to Permitted Liens); or the issuance of                any                equity securities are not subject to first priority, perfected                lien;                                                                                                                                                                                                                                                                              |
|   | xix.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | Any reportable ERISA                event;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | xx.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | Any Material Contract                ceases to be                in full force and effect, or is terminated prior to the scheduled                expiration date, or any material provision thereof is declared null                and                void;                                                                                                                                                                                                                                                                                                                                                           |
|   | xxi.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Abandonment of business                at any                airport for 30 days; or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | xxii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Any event of condition                involving                financial impact to the Borrower of its Subsidiaries in excess of                $10                million that could have a Material Adverse Effect.                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | An                  Event of Default in (xv), (xx) or (xxi) above that affects an FBO                  or FBOs                  (other than the sixteen largest FBO contributors of EBITDA)1                   may be cured prior to acceleration of the Loans by prepayment of                  that                  portion of the Term Loan Facility that corresponds to the highest                  of the                  projected, actual or preceding three-year average EBITDA contribution                  of                  the affected FBO(s). Such prepayment will release the affected                  FBO(s) from                  the Loan Documents. This method of cure may be exercised only once                  during                  the term of the Loans, and only if the proportional EBITDA contribution                  of                  the affected FBO(s) does not exceed 5% of aggregate                  EBITDA. |

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| **IV.                  Interest Rate and Fees**   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                      |
|---------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                      |
| 39.                  Interest Rate                | The                  Facilities will bear interest at one, two, three or six month LIBOR                  plus                  the Applicable Margin.                                                                                                                                                                                                                                                                                                                                                                                                 |
|                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 40.                  Applicable Margin            | From the                Refinancing                Term Loan Disbursement Date (December 12, 2005) to the 3rd anniversary                of                such date: 1.75%                                                                                                                                                                                                                                                                                                                                                                            |
|                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                              | From                  the 3rd anniversary to the Term Loan Maturity Date:                  2.00%.                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 41.                  Interest Payment Date        | Interest                  will be paid in arrears on the last day of each Interest Period,                  except in                  the case of a six month Interest Period, where interest will also                  be paid                  three months from the start of the Interest Period.                                                                                                                                                                                                                                                 |
|                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 42.                  Interest Period              | One,                  two, three or six months.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 43.                  Default Rate                 | Interest                  Rate plus 2% per annum.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 44.                  Commitment Fee               | 0.50%                  per annum of the undrawn portion of the Facilities, including the                  Supermarine Acquisition Term Facility, payable on any Interest                  Payment                  Date. The Commitment Fee will accrue in arrears from the Closing                  Date.                                                                                                                                                                                                                                             |
|                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| **V.                  Flow of Funds**             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 45.                  Priority of Payments         | Payments                for the                following amounts shall be made in the following order of                priority:                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                      |
|                                              | i.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | Operating Costs;                                                                                                                                                          |
|                                              | ii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Fees and expenses due                to the Lead                Arrangers and Senior Lenders;                                                                             |
|                                              | iii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Interest on the Term Loan                Facility                and the Revolving Credit Facility, as well as any periodic scheduled                hedging obligations; |
|                                              | iv.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Mandatory Prepayments                of the                Loans;                                                                                                         |
|                                              | v.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Any required payments                to the Debt                Service Reserve Account;                                                                                  |
|                                              | vi.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Optional Repayment and                any hedging                termination obligations payable as a result of such                repayment;                            |
|                                              | vii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Any payments (if applicable)                to the                Special Reserve Account;                                                                                |
|                                              | viii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | Distributions to Equity                Investor.                                                                                                                          |
|                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                      |
| 46.                  Debt Service Reserve Account | Borrower                  shall maintain a Debt Service Reserve Account in an amount equal                  to six                  months of Mandatory Debt Service payable under the Facilities.                  The Debt                  Service Reserve Account shall be fully funded on the Amendment                  Closing                  Date. Alternatively, a letter of credit by a financial institution                  rated                  at least A-/A3 may be posted for the benefit of the Senior                  Lenders. |

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| **VI. Ratios**                                                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
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| 47.                  Debt Service Coverage Ratio                             | The                  Debt Service Coverage Ratio (“DSCR”) for a particular period will be                  calculated on a quarterly basis as the ratio of (a) Net Cash Flow for                  the twelve-month period ending on the respective calculation date                  to                  (b) Mandatory Debt Service for the twelve-month period ending on the                  respective calculation date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
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| 48.                  Debt to EBITDA Ratio                                    | The                  Debt to EBITDA Ratio as of a particular date will be calculated                  as the                  ratio of (a) total amount of Facilities outstanding to (b) earnings                  before                  interest, tax, depreciation and amortization.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
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| 49.                  Net Cash Flow                                           | “Net                  Cash Flow” means, in respect of any period, (a) aggregate Project                  Revenues received during such period plus additional equity contributions                  during such period not used to pay for Expansion Capital Expenditures                  and                  unusual and non-recurring expenses relating to integration of FBO                  businesses, less (b) the operating expenses, maintenance capital                  expenditure and taxes paid during such period, but excluding any                  Expansion                  Capital Expenditures funded with distributed amounts or equity                  contributions or financed with permitted debt, all unusual and                  non-recurring expenses relating to the integration of the FBO businesses                  funded with distributed amounts or equity contributions or financed                  with                  permitted debt, non-cash charges, interest and principal payments                  on the                  loans, distributions, investments, costs paid by insurance proceeds,                  and                  employee phantom stock ownership plan payments. |
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| **VII.                  General**                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
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| 50.                  Reporting requirements                  of the Borrower | i.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Annual                audited Financial Statements no later than 90 days after close of                each                fiscal year;                                                                                                                                                                                                                                                                                                                                        |
|                                                                         | ii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | Quarterly Financial Statements                no                later than 45 days after close of each fiscal quarter;                                                                                                                                                                                                                                                                                                                                                         |
|                                                                         | iii.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | Contemporaneously with                delivery of                (i) and (ii): a compliance certificate stating that an Event of Default                has not occurred, or if an Event of Default has occurred and is continuing                (and assuming the Administrative Agent has agreed in its discretion                to                extend the cure period), a statement as to the nature thereof and                proposed                cure remedies; |
|                                                                         | iv.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | a certificate stating                all expansion                capital expenditures during the previous quarter and the source of                funds                for such expenditures;                                                                                                                                                                                                                                                                                |
|                                                                         | v.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Monthly operating reports                no later                than 30 days after close of each month;                                                                                                                                                                                                                                                                                                                                                                       |

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|                               | vi.                                                                                                                                                                                        | EBITDA certificate no                later than 30                days after close of each fiscal quarter during the EBITDA Test Period,                certifying the EBITDA for the twelve-month period;                                                                       |
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|                               | vii.                                                                                                                                                                                       | Debt to EBITDA Ratio certificate                no                later than 30 days after close of each fiscal quarter during the                Leverage                Ratio Test Period, certifying the Debt to EBITDA Ratio for the                twelve-month period; and |
|                               | viii.                                                                                                                                                                                      | DSCR                certificate no later than 30 days after the close of each fiscal                quarter,                certifying the DSCR for the twelve-month period.                                                                                                     |
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| 51.                  Governing Law | The                  documentation is governed by New York law, venue shall be in New                  York                  County, and contains a waiver of jury                  trial. |

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