LAW OFFICE OF JOHN MIETUS, LLC

6701 DEMOCRACY BOULEVARD, SUITE 300

BETHESDA, MD 20817-7500

JOHN R. MIETUS, JR.
(202) 747-5212
john@mietuslaw.com


July 18, 2014

BY ELECTRONIC MAIL

Ms. Catherine OToole
Air Carrier Fitness Division
Department of Transportation
1200 New Jersey Avenue, SE
Washington, DC 20590


Re: Eastern Air Lines Group, Inc., Dockets OST-2014-0012/0013


Dear Ms. OToole:

By letter dated May 12, 2014, you requested certain information relating to
the above-captioned applications. The responses of Eastern Air Lines Group, Inc.
(Eastern) follow.


General Information

Eastern is attaching as Exhibit 8 the amended Pre-Application Statement of
Intent (PASI) it filed with the Federal Aviation Administration on July 8, 2014. It
is seeking a formal certification meeting with the FAA later this summer.

Eastern has filed the required copies of its Montreal Agreement counterpart,
its family assistance plan, and its passenger manifest plan in the appropriate
dockets. It also will shortly file its Contingency Plan for Lengthy Tarmac Delays
electronically with the Department.

As planned, Eastern has obtained additional, private financing. A new,
majority stockholder has contributed $5 million in return for preferred stock, and
that stockholder also has made available a $5 million line of credit. In addition, a
number of investors have invested a total of $2.5 million in return for common stock
through a private placement offering (PPO) that is now complete. An updated
affidavit of citizenship for Eastern, based on the following ownership and control

Ms. Catherine OToole
Re: Eastern Air Lines Group, Inc.
July 18, 2014
Page 2

information, is attached as Exhibit 9. Eastern also amended and restated its
certificate of incorporation in connection with the PPO (Exhibit 10).

The majority of Eastern equity now is held through a special purpose
company, VV-DC Eastern Investments, LLC; its Delaware certificate of formation is
attached as Exhibit 11. Mr. Vincent Viola, the founder of Virtu Financial, Inc.,
owns 85.07% of VV-DCs outstanding interests, and Mr. Douglas A. Cifu, Virtus
Chief Executive Officer, owns 9.45%. The company is managed by them and their
colleague, Matthew Caldwell their resumes are attached as Exhibit 12 and their
LLC Agreement as Confidential Exhibit D -- and all managers and owners of VV-
DC are U.S. citizens. In addition to its equity investment in Eastern (see
Confidential Exhibit E), currently its sole asset, VV-DC is making available to
Eastern a $5 million, secured line of credit (Confidential Exhibit F) that would be
funded by Mr. Viola (see Confidential Exhibit G). Eastern will rely on this source of
capital, together with cash remaining after certification is complete, to satisfy the
Departments financial fitness test.

The PPO added 22 private investors and $2.5 million in capital. A copy of the
Amended and Restated Private Placement Memorandum dated May 28, 2014,
which includes the Subscription and Stockholder Agreements, is being submitted
confidentially as Confidential Exhibit H.


Ownership

Easterns Board of Directors now consists of five U.S. citizens:

Admiral William A. Owens (Ret.)
Joseph E. DaGrosa, Jr.
Edward J. Wegel
Vincent Viola
Douglas A. Cifu

Ms. Catherine OToole
Re: Eastern Air Lines Group, Inc.
July 18, 2014
Page 3


The applicant has issued two classes of stock, Series A preferred stock and common
stock, that vote together on stockholder issues. It has also issued and will issue
several types of warrants and options. The current stockholders are:

Stockholder/Group Voting percentage
1


VV-DC Eastern Investments, LLC 60.00%
1848 Skyworks LLC 16.61%
PPO Stockholders (together) 7.68%
ACPG LLC 6.99%
Edward Wegel 3.27%
Pitcairn Aviation LLC 2.33%
William Owens 1.12%

Series A preferred stock is held only by VV-DC. The preferred stock is
convertible to common stock, and its holders are entitled to appoint
two directors, to vote on any matter for which stockholders may vote,
and to a preference in liquidation, all as described in the Certificate of
Incorporation.

Founding Eastern investors all hold common stock. 1848 Skyworks
LLC, ACPG LLC, and Pitcairn Aviation LLC are all affiliated with
1848 Capital Partners, LLC. These entities, all formed in the U.S.,
invested a total of $1,450,000 in Eastern, and 1848 Capital Partners is
entitled to appoint one director and to enjoy certain minority investor
protections. Messrs. Wegel and Owens, part of the founding investor
group, also hold common stock individually.

Of the founding investors, only 1848 Skyworks LLC today holds more
than 10% of Easterns outstanding voting stock. Control of 1848
Capital Partners, which manages 1848 Skyworks and its owners
1 These percentages reflect the issuance of as-yet-unexercised warrants to financiers Credit
Agricole and Raymond James & Associates, Inc. that would account for 2% of diluted voting
stock.



Ms. Catherine OToole
Re: Eastern Air Lines Group, Inc.
July 18, 2014
Page 4

1848 Aviation Partners, LLC and 1848 Blueco, LLC, was described in
the original application. A listing of the 10%+ owners of those two
entities follows:

1848 Aviation Partners (86.5% of Skyworks)
1848 Capital Partners 80%
Thomas Staz (via trust) 16%

1848 Blueco (13.5% of Skyworks)
PIMCO Investment (US), Inc. 21%
Kitchens Family Investments, LLC 11%
Jim Sheridan 10%

The remaining interests in Blueco are distributed among 33
individuals and entities, none of which owns more than 6.3% of Blueco.
With the exception of the PIMCO fund (managed by Pacific Investment
Management Company, a subsidiary of Allianz SE of Germany),
Eastern understands that the individuals and entities named in this
founding investor paragraph are all U.S. citizens.

The 18 individuals and four entities who subscribed to common stock
in connection with the PPO together hold 7.68% of Easterns
outstanding voting stock. None of the PPO stockholders individually
holds more than 1.54% of outstanding voting stock.

Warrants for common stock have been issued to the estate of the legacy
Eastern Air Lines and, as noted above, to financiers Credit Agricole
and Raymond James & Associates, Inc. Eastern expects to issue
incentive options to Mr. Wegel and to other Eastern managers.

The Stockholders Agreement, to which all equity holders are bound, currently
limits the transferability of Eastern stock. However, Eastern intends to register its
common stock with the Securities and Exchange Commission so as to provide
liquidity for the common stock. Before that occurs, Eastern intends to further
amend its certificate of incorporation to include protections against non-U.S.
citizens acquiring interests beyond the numerical limits of Federal aviation law.

Ms. Catherine OToole
Re: Eastern Air Lines Group, Inc.
July 18, 2014
Page 5

Management

A list of current key management and technical personnel (other than
members of the Board) follows. All are U.S. citizens, and resumes for new members
added since the original application (marked *) are included in Exhibit 13.
2
The
new Eastern directors and Eastern key personnel, and the VV-DC officers,
identified herein have no information of the types described in sections 204.3
(l,m,o,p) to report.

Edward J. Wegel, President and Chief Executive Officer
James R. Tolzien, Chief Financial Officer
Daniel Stone, Chief Technical Officer (Maintenance and Technical Services)
John Furneaux, Vice President, Flight Operations*
Terry C. Austin, Director of Safety*
Deborah Ann Aragona, Director of Inflight*
Alan Brandon, Chief Pilot*
Keith M. Gibson, Director, Operations Control Center*
Terry Lee Pentecost, Director Quality Control*

FAA certificate numbers for key personnel are listed in Confidential Exhibit I.


Operations and Financial Position

Eastern anticipates that all of its initial charter operations will be governed
by ACMI contracts that will rely on the charterer to pay for fuel, landing fees,
ground handling, and all expenses other than aircraft, crew, maintenance and
insurance. The carrier has not yet developed a standard charter contract.

The Department inquired about several elements of Easterns financial
projections. Eastern confirms that it continues to use a start date of January 1,
2015 for its internal projections. It is submitting an updated estimate of start-up
costs as Exhibit 14. Forecast $100,000 start-up expenses shown for June and
December 2015 reflect one-time costs associated with adding a second and third
aircraft to Easterns fleet. Finally, no liabilities are shown on its forecast balance
sheet because the financials were projected on a cash basis.

In May 2014 Eastern announced an order from Boeing for ten Next
Generation Boeing 737-800 aircraft and purchase rights for ten Boeing MAX 8
aircraft. Deliveries are not expected before 2017; thus, Eastern intends to begin
2 Eastern has eliminated the position of Chief Operating Officer.


Ms. Catherine OToole
Re: Eastern Air Lines Group, Inc.
July 18, 2014
Page 7

Confidential Exhibits (filed under seal with a motion for confidential treatment)
D: VV-DC LLC Agreement
E: VV-DC Subscription Agreement
F: VV-DC Senior Secured Note and Security Agreement
G: Vincent Viola commitment letter and third-party funds verification
H: Private Placement Memorandum
(incl. Subscription Agreement and Stockholders Agreement)
(excl. Amended Certificate of Incorporation above)
I: Restated list of individual FAA certificate numbers

cc: Pat McLaughlin, Manager, South Florida Certificate Management Office, FAA
Eastern Air Lines
Exhibit 8
(2 pages)
Eastern Air Lines
Exhibit 9
(1 page)
Eastern Air Lines
Exhibit 10
(28 pages)
Eastern Air Lines
Exhibit 11
(2 pages)
Vincent Viola
575 Madison Avenue
New York, NY 10022
A highly experienced finance and operating executive with over 30 years of experience in
running large financial organizations, as well as founding new companies. A military veteran
with solid leadership and management skills with extensive board room experience.
Professional Experience:
2013-Present Chairman and Principal Owner
Florida Panthers, a National Hockey League Franchise
2008-Present Founder and Chief Executive Officer
Virtu Financial - a leading electronic trading firm and market maker on
numerous exchanges and electronic marketplaces in equities, fixed income,
currencies and commodities.
2002 Founder
Combating Terrorism Center, USMA/West Point
2001-2004 Chairman
New York Mercantile Exchange
New York, NY
1996-Present Founder and Principal Owner
Independent Banking Group
Houston, Texas
1993-1996 Vice Chairman
New York Mercantile Exchange
New York, NY
1983-1993 Floor Trader and Member
New York Mercantile Exchange
New York, NY
Education:
1974-1977 Bachelor of Science
United States Military Academy (West Point)
US Army Airborne, Infantry and Ranger Schools
1980-1983 Juris Doctor
New York law School New York, NY
Eastern Air Lines
Exhibit 12
(3 pages)
Douglas A. Cifu
575 Madison Avenue
New York, NY 10022
A highly skilled transaction attorney with 18 years of experience in the legal profession,
combined with operating management experience gained over the past seven years with a
major US based financial institution.
Professional Experiences:
2013-Present- Vice Chairman and Shareholder
Florida Panthers, a National Hockey League Franchise
2008-2013- Co- Founder, Vice Chairman
Virtu Financial - a leading electronic trading firm and market maker on
numerous exchanges and electronic marketplaces in equities, fixed income,
currencies and commodities.
2013-Present- President and Chief Operating Officer
Virtu Financial
1990-2008- Associate / Partner
Law Firm of Paul, Weiss, Rifkind, Wharton and Garrison LLP
Member of Management Committee
Deputy Chairman, Corporate Department
Co-Head, Private Equity Group
Education:
1984- 1987 Bachelor of Arts-
Columbia University, New York, NY
Magna cum Laude
1987-1990 Juris Doctor
Columbia University, New York, NY
Matthew Caldwell
Professional Experience:
2014-Present Managing Director
Virtu Management lead family office efforts for Eastern board members
Vincent Viola and Doug Cifu
2010-2014 Vice President
Goldman Sachs & Co. - a leading financial services firm
2007-2010 JD/MBA Candidate
Northwestern University
2002-2007 Captain
US Army led platoons of twenty and forty soldiers in Germany, Iraq, and
Kosovo.
Education:
1998-2002 Bachelor of Science
United States Military Academy (West Point)
2007-2010 Juris Doctor
Northwestern University School of Law
Master of Business Administration
Kellogg School of Management at Northwestern University
John N. Furneaux
Objective
Aircraft Operational and Development Position
Education
University of Colorado, Boulder, Colorado 1967-1969
Western Washington State University, Bellingham, Washington 1969-1971
Bachelors of Arts and Science
Political Science Major
Statistics Minor
Current/Qualifications
Current Medical Certificate First Class
Pilot A-320
Check Airman
Standards Check Airman
Airline Program Designee
Head of Aircraft Acceptance (New Aircraft) and Maintenance Test Pilots, US Airways
Member of the US Airways Go Team (incident/accident response)
Last Simulator Annual AQP Check 7 December, 2013
Last Line Check 20 March, 2014
Last 3 TOLs - 18 March. 2014
Enrichment
Airline Upset Training Roswell, New Mexico
Airbus Operations Meetings
ATA Advanced Navigation Symposium
PROFESSIONAL EXPERIENCES
Chief Pilot USAirways Test Pilot Division 2006-2014
Manager of flight test operations for new aircraft acquisitions
Manager of inspections for new aircraft acquisitions
Manager of maintenance test flight operations
Created training curriculum for maintenance test
Created procedural development for test and acceptance flights
Daily oversight of maintenance test flights and delivery/ferry flights
USAirways Pilot/Check Airman 1983-2014
Pilot- Boeing 737 & Airbus 320
Check Airman 737 & Airbus 320
APD Boeing 737 & Airbus 320
Manager of Airbus New Aircraft Acceptance Team (France & Germany)
o Head of US Airways Acceptance of New Aircraft and Maintenance Test Pilot Program
o Procedural Development for Test and Acceptance Flights
Initial Development Team Leader Airbus I/E CQT
Eastern Air Lines
Exhibit 13
(11 pages)
Standards Committees Airbus and 737
o Developed and administered Initial Check-Pilot Training and Annual Training (IECQT)
Manager of Initial AQP (Advanced Qualification Program) Development Team for US Airways
o Worked closely with local (Pittsburgh) FAA and AFS 230 in Washington D.C.
o Manager of US Airways AQP certification by FAA (AFS 230)
o Manager of US Airways Airbus program into AQP
FAA Inspection Augmentation Team Member
US Airways Representative to Air Transport Association- Advanced Navigation Committee in
Washington D.C.
Member Aircraft Purchase/Delivery Boeing 737
Liaison for NTSB Investigation Teams
o Investigation of Boeing 737 Accident, near Pittsburgh, 1994
o Ran 737 simulator for event recreation for NTSB Teams
Contributing Editor for Operations Monthly News, 737
Contributor, Airbus Training Programs Curricula
Air Florida Pilot 1980-1983
United States Air Force Pilot/Instructor Pilot F-4 & F-15 1971-1980
F-15 Instructor Pilot
F-4 Instructor Pilot
Training Program Evaluator
Training Program Developer
Foreign Military Liaison, F-15
o German Air Traffic Control
o IAF
Demonstration Pilot F-15 (Europe)
Member, 1976 AFCE Competition Winning Team
USAF Instructor Pilot Training 1978
Tactical Fighter Training F-15 1976
Tactical Fighter Training F-4 1973
US Air Force Pilot Training 1971-1972
Expertise/Experience
Language: Conversationally Fluent in French and German
Computer-Literature: Microsoft Word, Excel, PowerPoint, and Outlook
El Salvador Frequent visits for Maintenance Test and Delivery
Germany 5 years as USAF pilot
Switzerland, Boarding School, High School 3 years
France 1 year High School
DEBORAH ANN ARAGONA
RESUME
WORK HISTORY
Eastern Air Lines Group, Inc. May 2014-present
Director of Inflight
Seaborne Airlines Jul. 2013-May 2014
Inflight Manager
REDjet Airlines Oct. 2010-Jun. 2012
Cabin Crew Manager
Air Transportation Business Development Dec. 2005-present
Training Consultant; airline clients include Delta/Compass, JetBlue, Skybus, Spirit, and TWA
EDUCATION
B.S. Education and English Communications, Pennsylvania State University
ALAN CRAIG BRANDON
RESUME
WORK HISTORY
Eastern Air Lines Jun. 2014-present
Chief Pilot
Aersale, Inc./Sky King May 2014-Jun. 2014
Director of Flight Operations
Vision Airlines Jan. 2012-Mar. 2013
Director of Flight Operations
The Aloft Group, LLC Apr. 2011-Jan. 2012
Airline Operations Expert
Air Transport International, LLC Jan. 2005-Jan. 2011
Vice President, Operations
Chief Pilot
North American Airlines Nov. 2001-Dec. 2004
Director of Flight Operations
B767 Project Manager
Director of Training
ProAir Dec. 2000-May 2001
Senior Vice President, Operations
Tower Air Apr. 1994-Nov. 2000
Vice President of Operations
Chief Pilot B747
Line Pilot and F/O
Air Transport International, LLC Sep. 1993-Apr. 1994
DC-8 Captain
Tower Air Jan. 1993-Sep. 1993
B747 F/O
Patriot Airlines Jan. 1992-Oct. 1992
Director of Flight Operations
Grand Atlantic Airways Jul. 1991-Jan. 1992
Chief Pilot B737
Emery Worldwide Airlines Oct. 1989-Jul. 1991
Director of Operations
MGM Grand Air Feb. 1987-Oct. 1989
Vice President, Operations and Maintenance
International Parcel Express Apr. 1986-Feb. 1987
DC-8 Captain
World Aviation Group Dec. 1978-Mar. 1986
Consultant and Partner
Capitol Air (Smyrna, TN) Jun. 1979-Dec. 1984
Director of Flying
Sunland Airlines Dec. 1978-Jun. 1979
B737 Chief Pilot
International Air Bahamas Oct. 1976-Dec. 1978
DC-8/B-747 Captain
Evergreen International Airlines Jul. 1975-Oct. 1976
DC-8 Captain
Brents International Pty. Ltd. May 1975-Jan. 1978
Part owner and part-time pilot
Eureka AeroIndustries Mar. 1973-May 1975
Part 135 Pilot
World Airways Feb. 1972-Mar. 1973
B-727 F/O
STOLAIR (San Francisco) Jun. 1971-Feb. 1972
Chief Pilot
Reindeer Air Services, Ltd. (Inuvik, Canada) May 1970-May 1971
Bush Pilot
Various Aviation Employers (during college) Sept. 1966-May 1970
Weather Modification Pilot, Crop Duster, International Ferry Pilot, Special Projects Pilot, Skydirver, Air
Show Aerobatic Performer, Aircraft Mechanic
EDUCATION
Kansas State University, Wichita State University
TERRY LEE PENTECOST
RESUME
WORK HISTORY
Eastern Air Lines Group, Inc. Jun. 2014-present
Director of Quality Control
World Atlantic Airlines Jan. 2013-Jun. 2014
Director of Quality
Silver Airways Dec. 2011-Jan. 2013
Director of Quality Control
Executive Airlines Sep. 2008-Dec. 2011
Director of Quality Control
Director of Maintenance
American Eagle/American Airlines Dec. 1998-Sep. 2008
Quality Control Manager
Director of Maintenance, Part 145 Repair Station
Maintenance Director
Heavy Maintenance Supervisor
Bombardier Regional Jet and SAAB Program Manager
Maintenance Base Manager SJU
Reliability Technical Analyst
Business Express Airlines Dec. 1997-Dec. 1998
Component Repair Manager
U.S. Air Force (retired) Feb. 1977-Feb. 1997
First Sergeant
Maintenance Flight Chief
Heavy Check Manager
Transient Alert/Crash Recovery Manager
Flight Line Expediter/Supervisor
Aircraft Mechanic
EDUCATION
B.S. Professional Aeronautics, Embry-Riddle Aeronautical (1997)
StartUpCosts 2014 2014 2014 2014 2014 2014 2014 2014 2014 2014
March April May June July August September October November December Total
StartUpSummary
Expensesincl.10%Contingency 0 0 204,668 232,006 276,787 302,799 341,976 630,861 885,594 890,594 4,032,905
Depositsetc. 0 0 0 0 275,000 275,000 25,000 25,000 250,000 0 850,000
MonthlyTotal 0 0 204,668 232,006 551,787 577,799 366,976 655,861 1,135,594 890,594 4,882,905
CumulativeTotal 2,060 267,620 472,288 704,294 1,256,081 1,833,879 2,200,856 2,856,717 3,992,311 4,882,905
Corporate
Staff 1 1 3 5 9 11 15 18 19 19
PersonnelSalaries
CEO 1 15000 15000 0 0 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
FlightOperations
VPFlightOps/DirectorofOps 1 12500 12500 10,000 10,000 10,000 10,000 12,500 12,500 12,500
ChiefPilot 1 9166 9166 4,583 9,166 9,166 9,166 9,166 9,166
DirectorofSafety 1 8500 8500 8,500 8,500 8,500 8,500 8,500 8,500
DirectorInFlight 1 5500 7500 7,500 7,500 7,500 7,500 7,500 7,500
DirectorSOC(SystemControl) 1 7500 7500 7,500 7,500 7,500 7,500
FlightDispatch 1 3500 3500 6,000 6,000 6,000
Maintenance
VPTechOpsandDirofMaintenance 1 12500 12500 10,000 10,000 10,000 10,000 10,000 12,500 12,500 12,500
ChiefInspector 1 7500 7500 7,500 7,500 7,500 7,500 7,500 7,500
ManagerMaintenanceControl 1 7000 7000 7,000 7,000 7,000 7,000
CASSQAAudit 1 4500 4500 4,500 4,500 4,500
Marketing 1 12500 12500 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000
1 5000 5000
StationOperations 1 8500 8500 8,500 8,500 8,500 8,500
1 5000 5000 5,000 5,000
CFO 1 10000 10000 12,500 12,500 12,500 12,500 12,500 12,500 12,500
Controller 1 5000 5000 5,000 5,000 5,000
ITSystems(CCIT) 1 10000 12500 5,000 5,000 5,000 5,000 5,000
1 4000 10000
HR/Administration 1 8500 8500 7,500 7,500 7,500 7,500 7,500
2 5000 5000 5,000 5,000 5,000 5,000
22 100% 177166 0 0 29,000 51,500 79,583 96,666 124,666 145,166 150,166 150,166 826,913
Payrolltaxes@10% 7,958 9,667 12,467 14,517 15,017 15,017 74,641
Benefitsat$1kpp 9,000 11,000 15,000 18,000 19,000 19,000 91,000
0 0 29,000 51,500 96,541 117,333 152,133 177,683 184,183 184,183 992,554
CORPORATE(DetailinCorporateSheet)
Expenses 0 0 15,109 17,446 18,629 18,849 19,481 19,866 21,406 21,406 152,191
Rent 2,060 2,060 2,060 2,060 5,618 5,618 9,363 9,363 9,363 9,363 56,924
ITSoftware 0 0 5,000 10,000 10,000 10,000 10,000 15,000 15,000 15,000 90,000
Travel 0 5,000 5,000 10,000 10,000 15,000 15,000 20,000 20,000 25,000 125,000
Directors&OfficersInsurance 0 11,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 59,000
EasternBrandDevelopmentandSponsorships 0 150,000 25,000 25,000 25,000 25,000 25,000 15,000 15,000 15,000 320,000
2,060 168,060 58,168 70,506 75,246 80,466 84,844 85,229 86,769 91,769 803,115
TotalCorporateandSalaries 2,060 168,060 87,168 122,006 171,787 197,799 236,976 262,911 270,951 275,951 1,795,669
Legal/DOTandAircraftLease 25,000 0 15,000 15,000 15,000 10,000 10,000 10,000 10,000 10,000 10,000 105,000
HRConsultants 20,000 20,000 20,000 20,000 20,000 10,000 10,000 10,000 130,000
DOTConsultants
Expenses 0 82,500 82,500 75,000 75,000 75,000 75,000 75,000 75,000 75,000 690,000
0 97,500 117,500 110,000 105,000 105,000 105,000 95,000 95,000 95,000 925,000
FlightOps.TrainingSalaries(ExclBenefits)
CheckAirmen 3 8500 25,500
Captains 7 7000 49,000
F/Os 0 7000 0
F/As 20 2200 44,000
Sked/Dispatch 2 4000 8,000
Maintanance 2 4000 8,000
34 100.0% 134,500 134,500 134,500 134,500 403,500
Payrolltaxes(@10%) 0 0 0 0 0 0 0 13,450 13,450 13,450 40,350
Benefits(@$!kpp) 0 0
0 0 0 0 0 0 0 147,950 147,950 147,950 443,850
FlightOperationsTraining Pilot F/A
Training Ground&Simulator 200000 25000 112,500 112,500 225,000
Eastern Air Lines
Exhibit 14
(2 pages)
TrainingFlights 45 4000 90,000 90,000 180,000
Training Maintenance 12,500 12,500 25,000
AircraftLease 250000 125,000 250,000 375,000
AircraftInsuranceHull 32000000 160000 160000 13,333 13,333 26,667
LiabilityInsurance 162 1360 220320 18,360 18,360 36,720
0 0 0 0 0 0 0 125,000 371,693 371,693 868,387
TotalExpenses 2,060 265,560 204,668 232,006 276,787 302,799 341,976 630,861 885,594 890,594 4,032,905
AircraftDeposits 3months 220000 250,000 250,000 250,000 750,000
OtherDeposits 25,000 25,000 25,000 25,000 100,000
TOTALDEPOSITS 0 0 0 0 275,000 275,000 25,000 25,000 250,000 0 850,000
TOTALEXPENSES&DEPOSITS 2,060 265,560 204,668 232,006 551,787 577,799 366,976 655,861 1,135,594 890,594 4,882,905
StartUpSummary
Expenses 2,060 265,560 204,668 232,006 276,787 302,799 341,976 630,861 885,594 890,594 4,032,905
Depositsetc. 0 0 0 0 275,000 275,000 25,000 25,000 250,000 0 850,000
MonthlyTotal 2,060 265,560 204,668 232,006 551,787 577,799 366,976 655,861 1,135,594 890,594 4,882,905
CumulativeTotal 2,060 267,620 472,288 704,294 1,256,081 1,833,879 2,200,856 2,856,717 3,992,311 4,882,905
Eastern Air Lines
Exhibit 15
(1 page)