Email: [email protected] Website: www.rem-co.com From: Michael Volpe jetaviation.com [mailto:Michael Volpe @jetaviation.conl Sent: Monday, August 05, 2013 10:56 AM To: [email protected]; valerie fattorossajetaviation.com Cc: [email protected]; William [email protected]; [email protected]; [email protected]; [email protected]• [email protected]; Thomas Turrin Subject: RE: Dry Lease Agreement and Charter Services Agreement I agree. We plan to have everything in place, Agreement wise, so that we will be ready to add the aircraft to the JAFS Part 135 Certificate as soon as the FAA completes their approval process. As I mentioned, we will have the Dry Lease comments back to you later today and the Management Agreement soon after. Brgds Mike Jet Aviation Flight Services, Inc. Michael Volpe Vice President Client Relations 112 Charles A. Lindbergh Dr. Teterboro, New Jersey 07608 / United States Tel. +1 201 462 4078 mailto:Michael Volpeejetaviation.com www.jetaviation.com From: Mandel, Michael [mallto:mmandeleAKINGUMP.COM] Sent: Monday, August 05, 2013 10:49 AM To: Volpe, Michael; Fattoross, Valerie Cc: Daigle, Brian; Beversluis, 'John Hannan'; 'Lisa Graziano'; Zivot, Louis; Fenn, Patrick; Thomas Turrin' Subject: RE: Dry Lease Agreement and Charter Services Agreement Understood, and thanks for keeping us apprised. I appreciate that some of these matters are outside Jet's control, but I think we would like to finalize documentation so that Part 135 operations can commence as soon as the aircraft is added to Jet's certificate. And besides, the Part 91 Management Agreement is inaccurate in several respects and needs revision. Best, Michael Michael S. Mandel Direct: +1 202.887.4196 I Internal: 241% From: Michael VolpSjetaviation.com [mailto:Michael VolpSjetaviation.com] Sent: Monday, August 05, 2013 10:41 AM To: Mandel, Michael; valerie fattorossejetaviation.com Cc: Daigle, Brian; William [email protected] Subject: RE: Dry Lease Agreement and Charter Services Agreement EFTA00662525

Good Morning Michael, We should have something back to you today on the Dry Lease Agreement and we are working on the modification of the Management Agreement, I do, however, want to let you know that the FAA has fallen behind their projected timetable for adding aircraft on to the JAFS Part 135 Certificate that has an effect to all Clients. Unexpectedly, they have just reassigned and/or are replacing two of the three members of our Certificate Management Team (CMT). Our assigned Principal Operations Inspector (POI) has been reassigned and replaced by a new Inspector. Our assigned Principal Avionics Inspector (PAI) unfortunately passed away and his responsibilities have not yet been reassigned. Sequestration has also added to this delay as well as their day to day, certificate oversight responsibilities. Once the POI gets acclimated to our Air Carrier program and the PAI is identified, it will take some time for them both to become familiar with and respond to the submitted applications. We expect to begin the conformity process next week but at the present time we have 4 aircraft ahead of N624N in the conformity process and we currently have three submissions to the FAA for approval. We understand that this will have an impact to ow Clients and to our business and we are diligently working with the Senior Management at the FAA Certificate Holding District Office (CHDO) and the newly assigned Certificate Management Team to mitigate any further delays. The process for adding aircraft onto the JAFS Part 135 certificate has slowed significantly and, based on feedback we have received we believe it could be late October/early November before N624N will be added to the Certificate. We understand your concerns and we will keep you informed on how things progress over the coming weeks. Please let me know if you have any questions. Best regards Mike Jet Aviation Flight Services, Inc. Michael Volpe Vice President Client Relations 112 Charles A. Lindbergh Dr. Teterboro, New Jersey 076081 United States Tel. +1 201 462 4078 maitto:Michael [email protected] www.jetaviation.com From: Mandel, Michael [mallto:mmandeleAKINGUMP.COM] Sent: Sunday, August 04, 2013 12:52 PM To: Fattoross, Valerie Cc: Daigle, Brian; Beversluis, William; Volpe, Michael Subject: RE: Dry Lease Agreement and Charter Services Agreement Any idea when we can expect comments on the documents Brian circulated on the 26th? Thanks, Michael Michael S. Mandel Direct: +1 202.887.4196 I Internal: 24196 From: Michael Volpeejetaviation.com [mailto:Michael Volpeajetaviation.com] Sent: Friday, July 26, 2013 12:36 PM To: valerie [email protected] Cc: Daigle, Brian; Mandel, Michael; William [email protected] Subject: FW: Dry Lease Agreement and Charter Services Agreement EFTA00662526