From: Sent: T Cc Subject: RE: Dry Lease Agreement and Charter Services Agreement 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 our 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 EFTA_R1_02210862 EFTA02724184