Corporate Flight Management Essential Air Service Proposal PA-WV-VA Markets

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    Proposal to Provide Essential Air Service

     

    May 20, 2016

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     About Corporate Flight Management

    Corporate Flight Management, Inc. (CFM) was formed in July 1982 and has since

    grown to become one of the largest Part 135 operators in the Southeastern US with

    annual revenue forecast to exceed $50MM and more than 250 employees. CFM is a

    diverse aviation services provider that includes Part 135/91 aircraft management andcharter, two Fixed-Base Operations located in the Nashville, Tennessee area (KMQY

    and KJWN), a FAR Part 145 certified repair facility, an aircraft sales division and FAR

    141 pilot and maintenance training.

    CFM is primarily owned by its management and directors, all of whom are either

    actively involved in the day-to-day operations of the company or other facets of

    aviation. The entire team of professionals is dedicated to giving our passengers andmanaged customers a superior level of operational safety and security. We operate a

    diverse fleet of Bombardier, Challenger, Learjet, Hawker Beechcraft, and Cessnabusiness jets to meet the regional and global travel needs of our customers. The

    company is also a globally-recognized specialist in the maintenance and operation of19-seat and 30-seat Jetstream turboprop aircraft. At present, CFM is the largest

    operator of Jetstreams in North America.

    Having achieved the highest possible ratings from each of the top aviation safety

    audit firms, CFM upholds the highest standards for selective recruitment. The

    company is ARG/US Platinum-rated, IS-BAO Stage II Certified, and one of a select fewPart 135 carriers to be approved for use by U.S. Department of Defense personnel.

    Our clients have included government entities, university athletic teams, race teams,

    casino operators, tour operators, and Fortune 500 companies. Additionally, we have

    extensive experience operating corporate shuttle operations throughout the UnitedStates and the Caribbean. In recent years, the company began operating as the

    direct air carrier for Alternate Essential Air Service provided to the communities ofManistee, MI and Victoria, TX. CFM has provided these communities with unrivaled

    reliability by operating with a completion factor in excess of 99%. In April 2016, CFM

    began providing traditional Essential Air Service between Tupelo, MS and Nashville,TN under its own scheduled service brand, Contour Airlines. Our varied lines of

    business and client base have uniquely insulated CFM from the reliability issues and

    financial troubles experienced by many of the other carriers providing EAS service.

    A successful partnership is based on the necessity of both CFM and the Essential Air

    Service community to maintain the same philosophy regarding aircraft operations andcustomer service. Our success and years of experience have positioned us as aleader in the industry and global marketplace. Our outstanding operational

    excellence, reputation, reliability, security, safety and professionalism are the reasons

    that Corporate Flight Management represents the best choice for communitieseligible for Essential Air Service.

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    Our Aircraft

    Built and regulated to 14 CFR Part 25 standards, all Jetstream aircraft are operated with a

    Captain and First Officer, as well as a flight attendant on the Jetstream 41. The Jetstream

    31 offers the largest cabin in the 19-seat class of aircraft and have been proven to be both

    safe and economical in worldwide operation. It is the only 19-seat airliner to offer galleyand enclosed lavatory facilities.  All communities have the option to convert the

    Jetstream 31 into a 9-seat configuration, providing an even more comfortable travel

    experience to passengers.

    CFM’s Jetstream 31 aircraft are fast, with a 265 mph “standard” cruise speed. They are

    also very fuel efficient, consuming approximately 115 gallons of fuel per flight hour. With19 passengers plus standard baggage, the Jetstream has a maximum non-stop range of

    over 600 statute miles. The Jetstream 41 cruises even faster at 300 mph while burning

    165 gallons of fuel per hour (less than half that of a comparable regional jet).

    The 25,000 foot service ceiling permits CFM’s Jetstream aircraft to climb above most

    bad weather. Jetstream aircraft are fully-deice equipped for flying into known icing and

    have freon air conditioning for passenger comfort while on the ground. CFM’s

    Jetstreams are also equipped with advanced safety systems, including a Traffic CollisionAvoidance System (TCAS I) and an Enhanced Ground Proximity Warning System

    (EGPWS).

    In addition, the Jetstream features a flight deck that is physically separated from the main

    passenger cabin, a pressurized cargo hold with 628 lbs./65 cubic feet (Jetstream 31) or

    1200 lbs./170 cubic feet (Jetstream 41) of baggage capacity.

    CFM has no accidents or violations and has been given a Platinum rating by the

    independent air carrier evaluation firm ARG/US .

    Maintenance has always been the key to CFM’s reliable on time performance. We will

    provide our technicians with an inventory of spare parts and the support equipmentnecessary to keep the dispatch reliability of CFM’s Jetstreams at 99% or better. On-site

    spare parts will be augmented by the substantial parts inventory maintained on hand at

    CFM’s headquarters in Smyrna, Tennessee.

    CFM presently has multiple aircraft in its fleet, providing ample reserve capacity toaddress planned and unplanned requirements. CFM also operates four Jetstream 41 and

    three Saab 340 aircraft configured with 30 passenger seats.

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     Aircraft Photos

    Jetstream 31

    Jetstream 41

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    Our EAS Service History

    CFM began providing Alternate Essential Air Service from Manistee, MI to Chicago, IL

    (MDW) in November 2012 and from Victoria, TX to Austin, TX and Dallas, TX in November

    2014. To date, we have operated with a greater than 99% completion factor in bothcommunities. In fact, the U.S. Department of Transportation cited CFM’s reliability in its

    Order Selecting Air Carrier for Tupelo, MS by stating that “Both communities are very

    pleased with CFM’s completion factors and on-time performance.” CFM, under theContour Airlines brand began service from Tupelo to Nashville in April 2016. 

    See what the airport directors in each community have to say about the service provided

    by CFM below:

    “Reliability was always an issue with far too many flight cancellations and delays and

    fares were also high as compared to more distant airports. The combination of poor

    quality, unreliable service along with high average fares encouraged people to drivesignificant distances for more reliable and cost effective air service. That has changed

    with our service the past two years under the Alternate EAS program. During calendar

     year 2013 99% of all scheduled flights completed and 89% completed on time,

    including two months (March and September) where every flight (100%) completed  on

    time. Even during this past harsh winter (where we have received a record amount of   

    snow fall with over 200") 95% of flights completed and 85% completed on time (Dec

    '13- Feb '14).”1  

    Barry Lind

    Airport DirectorManistee County Airport Authority

    "It's more cost effective, and for the first time in many years with any of our previous

    carriers, it's extremely reliable…there has not been a single flight cancellation” 2

    Jason Milewski

    Manager

    Victoria Regional Airport

    1  Source: http://www.regulations.gov/contentStreamer?documentId=DOT-OST-2004-18715-

    0007&attachmentNumber=1&disposition=attachment&contentType=pdf  

    2Source: https://www.victoriaadvocate.com/news/2015/feb/09/passengers-call-new-airline-an-

    improvement/ 

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    Contour Airlines Service

    Corporate Flight Management operates scheduled service under the trade name

    Contour Airlines and began traditional EAS service under this brand in April 2016. Ourflights will display as Contour Airlines in the global distribution systems and on the

    websites of the major online travel agencies. We have already executed contracts withthe major global distribution systems and expect this functionality to be available inSummer 2016.

    CFM is certified by the Commercial Aviation Review Board (CARB) to conduct flight

    operations as an approved air carrier for the United States Department of Defense (DoD).As such, once the GDS connectivity is in place we will move swiftly to have all Contour

    Airlines-branded flights available for purchase through the Defense Travel System and

    government travel portals.

    We believe that the key to restoring traffic growth in is by stimulating demand with low

    fares and offering a reliable, high-quality product. As we have done Manistee, Victoria,and now Tupelo CFM plans to dedicate an aircraft to each community in order to ensure

    the integrity of the operating schedule. The aircraft schedules will not be co-mingled

    with any other service offered by CFM. CFM will base a spare aircraft with crew in any

    community where CFM is selected. By dedicating an aircraft to servicing each

    community, CFM can offer unrivaled scheduling flexibility that is sure to best address theneeds of residents and visitors.

    Rather than chase revenue projections by charging high last minute fares, CFM plans tostimulate demand by offering long-term fares of approximately $49.00 each way, with

    occasional fare sales that offer even lower prices. CFM does not charge a fee for the

    first checked bag and there are no change fees when made at least 30 days prior totravel. Inside 30 days, the change fee is only $25.00 per person.

    CFM will undertake a number of promotional activities aimed at its target customers to

    introduce them to the service and encourage them to develop a “habit” of flying out ofMacon, breaking their patterns of long drives to other airports. These promotional

    activities will include, but will not be limited to “buy one – get one” ticket sales and

    promotional codes redeemable for air travel tied to awareness campaigns using socialmedia. CFM commits to annual advertising spend of $40,000.00 in any community

    where CFM is selected. 

    CFM advises the Department of Transportation that while the following pages contain bidsmultiple markets, in an effort to maintain our current high level of service, we desire to bebe awarded a maximum of one EAS market. 

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     Altoona, PA – Option A

    Jetstream 31 – 9 seats

    18 round trips per week to Washington*Community choice of IAD or BWI

    Miles 104

    Block Hours/Segment 0.7

    Frequency/Week 36

    Completion Factor 99%

     Annual departures 1853

     Annual block hours 1297.3

    Est Load Factor 50%

    Est Pax 8340

    Est Fare $ 31.07

    Fare WITH tax $ 39.00Total Revenue $ 259,114.40

    Crew $ 688,500.00

     Aircraft $ 240,000.00

    Maintenance $ 648,648.00

    Fuel $ 447,567.12

    Insurance $ 63,000.00

    Other Indirect Costs $ 1,050,815.46

    Expenses $ 3,138,530.58

    Income (loss) $ (2,879,416.18)

    Profit Element $ 104,385.76

    Subsidy Required $ 2,983,801.93

    *Should the community elect to participate in the Alternative Essential Air Service

    program, this schedule could be operated by a 19-seat Jetstream 31 under 14 CFR 380

    with no additional subsidy required.

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     Altoona, PA – Option B

    Jetstream 31 – 9 seats

    24 round trips per week to Washington*Community choice of IAD or BWI

    Miles 104

    Block Hours/Segment 0.7

    Frequency/Week 48

    Completion Factor 99%

     Annual departures 2471

     Annual block hours 1729.7

    Est Load Factor 50%

    Est Pax 11120

    Est Fare $ 31.07

    Fare Including Tax $ 39.00

    Total Revenue $ 345,485.87

    Crew $ 688,500.00

     Aircraft $ 240,000.00

    Maintenance $ 864,864.00

    Fuel $ 596,756.16

    Insurance $ 63,000.00

    Other Indirect Costs $ 1,308,788.95

    Expenses $ 3,761,909.11

    Income (loss) $ (3,416,423.24)

    Profit Element $ 122,656.01

    Subsidy Required $ 3,539,079.25

    *Should the community elect to participate in the Alternative Essential Air Service

    program, this schedule could be operated by a 19-seat Jetstream 31 under 14 CFR 380

    with no additional subsidy required.

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    Johnstown, PA – Option A

    Jetstream 31 – 9 seats

    18 round trips per week to Washington*Community choice of IAD or BWI

    Miles 120

    Block Hours/Segment 0.8

    Frequency/Week 36

    Completion Factor 99%

     Annual departures 1853

     Annual block hours 1482.6

    Est Load Factor 50%

    Est Pax 8340Est Fare $ 31.07

    Fare WITH tax $ 39.00

    Total Revenue $ 259,114.40

    Crew $ 688,500.00

     Aircraft $ 240,000.00

    Maintenance $ 741,312.00

    Fuel $ 511,505.28

    Insurance $ 63,000.00

    Other Indirect Costs $ 1,047,911.34

    Expenses $ 3,292,228.62

    Income (loss) $ (3,033,114.22)

    Profit Element $ 112,215.86

    Subsidy Required $ 3,145,330.08

    *Should the community elect to participate in the Alternative Essential Air Serviceprogram, this schedule could be operated by a 19-seat Jetstream 31 under 14 CFR 380

    with no additional subsidy required.

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    Johnstown, PA – Option B

    Jetstream 31 – 9 seats

    24 round trips per week to Washington*Community choice of IAD or BWI

    Miles 120

    Block Hours/Segment 0.8

    Frequency/Week 48

    Completion Factor 99%

     Annual departures 2471

     Annual block hours 1976.8

    Est Load Factor 50%

    Est Pax 11120

    Est Fare $ 31.07Fare WITH tax $ 39.00

    Total Revenue $ 345,485.87

    Crew ## $ 688,500.00

     Aircraft ## $ 240,000.00

    Maintenance $ 988,416.00

    Fuel $ 682,007.04

    Insurance $ 63,000.00

    Other Indirect Costs ## $ 1,263,250.12

    Expenses ## $ 3,925,173.16

    Income (loss) $ (3,579,687.29)

    Profit Element $ 133,096.15

    Subsidy Required $ 3,712,783.44

    *Should the community elect to participate in the Alternative Essential Air Service

    program, this schedule could be operated by a 19-seat Jetstream 31 under 14 CFR 380

    with no additional subsidy required.

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    DuBois, PA – Option A

    Jetstream 31 – 9 seats

    18 round trips per week to Washington*Community choice of IAD or BWI

    Miles 149

    Block Hours/Segment 1

    Frequency/Week 36

    Completion Factor 99%

     Annual departures 1853

     Annual block hours 1853.3

    Est Load Factor 50%

    Est Pax 8340

    Est Fare $ 31.07

    Fare WITH tax $ 39.00

    Total Revenue $ 259,114.40

    Crew $ 688,500.00

     Aircraft $ 240,000.00

    Maintenance $ 926,640.00

    Fuel $ 639,381.60

    Insurance $ 63,000.00

    Other Indirect Costs $ 1,088,627.90

    Expenses $ 3,646,149.50

    Income (loss) $ (3,387,035.10)

    Profit Element $ 127,876.08

    Subsidy Required $ 3,514,911.18

    *Should the community elect to participate in the Alternative Essential Air Service

    program, this schedule could be operated by a 19-seat Jetstream 31 under 14 CFR 380

    with no additional subsidy required.

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    DuBois, PA – Option B

    Jetstream 31 – 9 seats

    24 round trips per week to Washington*Community choice of IAD or BWI

    Miles 149

    Block Hours/Segment 1

    Frequency/Week 48

    Completion Factor 99%

     Annual departures 2471

     Annual block hours 2471.0

    Est Load Factor 50%

    Est Pax 11120

    Est Fare $ 31.07

    Fare WITH tax $ 39.00Total Revenue $ 345,485.87

    Crew ## ## $ 688,500.00

     Aircraft ## ## $ 240,000.00

    Maintenance $ 1,235,520.00

    Fuel $ 852,508.80

    Insurance $ 63,000.00

    Other Indirect Costs ## ## $ 1,317,538.87

    Expenses ## ## $ 4,397,067.67

    Income (loss) $ (4,051,581.80)

    Profit Element $ 153,976.44

    Subsidy Required $ 4,205,558.24

    *Should the community elect to participate in the Alternative Essential Air Service

    program, this schedule could be operated by a 19-seat Jetstream 31 under 14 CFR 380

    with no additional subsidy required.

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    Parkersburg, WV – Option A

    Jetstream 31 – 9 seats

    18 round trips per week to Washington*Community choice of IAD or BWI

    Miles 187

    Block Hours/Segment 1.2

    Frequency/Week 36

    Completion Factor 99%

     Annual departures 1853

     Annual block hours 2223.9

    Est Load Factor 65%

    Est Pax 10842

    Est Fare $ 40.37

    Fare WITH tax $ 49.00

    Total Revenue $ 437,701.64

    Crew $ 688,500.00

     Aircraft $ 240,000.00

    Maintenance $ 1,111,968.00

    Fuel $ 767,257.92

    Insurance $ 63,000.00

    Other Indirect Costs $ 1,140,853.33

    Expenses $ 4,011,579.25

    Income (loss) $ (3,573,877.62)

    Profit Element $ 143,536.30

    Subsidy Required $ 3,717,413.91

    *Should the community elect to participate in the Alternative Essential Air Service

    program, this schedule could be operated by a 19-seat Jetstream 31 under 14 CFR 380

    with no additional subsidy required.

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    Parkersburg, WV – Option B

    Jetstream 31 – 9 seats

    24 round trips per week to Washington*Community choice of IAD or BWI

    Miles 187

    Block Hours/Segment 1.2

    Frequency/Week 48

    Completion Factor 99%

     Annual departures 2471

     Annual block hours 2965.2

    Est Load Factor 65%

    Est Pax 14456

    Est Fare $ 40.37

    Fare WITH tax $ 49.00

    Total Revenue $ 583,602.18

    Crew $ 688,500.00

     Aircraft $ 240,000.00

    Maintenance $ 1,482,624.00

    Fuel $ 1,023,010.56

    Insurance $ 63,000.00

    Other Indirect Costs $ 1,387,172.78

    Expenses $ 4,884,307.34

    Income (loss) $ (4,300,705.16)

    Profit Element $ 174,856.73

    Subsidy Required $ 4,475,561.89

    *Should the community elect to participate in the Alternative Essential Air Service

    program, this schedule could be operated by a 19-seat Jetstream 31 under 14 CFR 380

    with no additional subsidy required.

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    Parkersburg, WV – Option C

    Jetstream 41 – 30 seats

    12 round trips per week to Washington*Community choice of IAD or BWI

    Miles 187

    Block Hours/Segment 1.1

    Frequency/Week 24

    Completion Factor 99%

     Annual departures 1236

     Annual block hours 1359.1

    Est Load Factor 40%

    Est Pax 14826

    Est Fare $ 40.37

    Fare WITH tax $ 49.00

    Total Revenue $ 598,566.34

    Crew $ 630,000.00

     Aircraft $ 338,400.00

    Maintenance $ 1,019,304.00

    Fuel $ 713,512.80

    Insurance $ 85,000.00

    Other Indirect Costs $ 1,024,071.52

    Expenses $ 3,810,288.32

    Income (loss) $ (3,211,721.98)

    Profit Element $ 139,310.84

    Subsidy Required $ 3,351,032.82

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    Clarksburg, WV – Option A

    Jetstream 31 – 9 seats

    18 round trips per week to Washington*Community choice of IAD or BWI

    Miles 130

    Block Hours/Segment 1.1

    Frequency/Week 36

    Completion Factor 99%

     Annual departures 1853

     Annual block hours 2038.6

    Est Load Factor 65%

    Est Pax 10842

    Est Fare $ 40.37

    Fare WITH tax $ 49.00Total Revenue $ 437,701.64

    Crew $ 688,500.00

     Aircraft $ 240,000.00

    Maintenance $ 1,019,304.00

    Fuel $ 703,319.76

    Insurance $ 63,000.00

    Other Indirect Costs $ 1,120,495.05

    Expenses $ 3,834,618.81

    Income (loss) $ (3,396,917.18)

    Profit Element $ 135,706.19

    Subsidy Required $ 3,532,623.37

    *Should the community elect to participate in the Alternative Essential Air Service

    program, this schedule could be operated by a 19-seat Jetstream 31 under 14 CFR 380

    with no additional subsidy required.

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    Clarksburg, WV – Option B

    Jetstream 31 – 9 seats

    24 round trips per week to Washington*Community choice of IAD or BWI

    Miles 130

    Block Hours/Segment 1.1

    Frequency/Week 48

    Completion Factor 99%

     Annual departures 2471

     Annual block hours 2718.1

    Est Load Factor 65%

    Est Pax 14456

    Est Fare $ 40.37

    Fare WITH tax $ 49.00Total Revenue $ 583,602.18

    Crew $ 688,500.00

     Aircraft $ 240,000.00

    Maintenance $ 1,359,072.00

    Fuel $ 937,759.68

    Insurance $ 63,000.00

    Other Indirect Costs $ 1,360,028.40

    Expenses $ 4,648,360.08

    Income (loss) $ (4,064,757.90)

    Profit Element $ 164,416.58

    Subsidy Required $ 4,229,174.49

    *Should the community elect to participate in the Alternative Essential Air Service

    program, this schedule could be operated by a 19-seat Jetstream 31 under 14 CFR 380

    with no additional subsidy required.

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    Clarksburg, WV – Option C

    Jetstream 41 – 30 seats

    12 round trips per week to Washington*Community choice of IAD or BWI

    Miles 130

    Block Hours/Segment 1

    Frequency/Week 24

    Completion Factor 99%

     Annual departures 1236

     Annual block hours 1235.5

    Est Load Factor 40%

    Est Pax 14826

    Est Fare $ 40.37

    Fare WITH tax $ 49.00

    Total Revenue $ 598,566.34

    Crew $ 630,000.00

     Aircraft $ 338,400.00

    Maintenance $ 926,640.00

    Fuel $ 648,648.00

    Insurance $ 85,000.00

    Other Indirect Costs $ 1,005,168.06

    Expenses $ 3,633,856.06

    Income (loss) $ (3,035,289.72)

    Profit Element $ 131,434.40

    Subsidy Required $ 3,166,724.12

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    Beckley, WV – Option A

    Jetstream 31 – 9 seats

    18 round trips per week to Washington*

    Community choice of IAD or BWI

    Miles 186

    Block Hours/Segment 1.2

    Frequency/Week 36

    Completion Factor 99%

     Annual departures 1853

     Annual block hours 2223.9

    Est Load Factor 65%

    Est Pax 10842

    Est Fare $ 40.37Fare WITH tax $ 49.00

    Total Revenue $ 437,701.64

    Crew $ 688,500.00

     Aircraft $ 240,000.00

    Maintenance $ 1,111,968.00

    Fuel $ 767,257.92

    Insurance $ 63,000.00

    Other Indirect Costs $ 1,140,853.33

    Expenses $ 4,011,579.25

    Income (loss) $ (3,573,877.62)

    Profit Element $ 143,536.30

    Subsidy Required $ 3,717,413.91

    *Should the community elect to participate in the Alternative Essential Air Service

    program, this schedule could be operated by a 19-seat Jetstream 31 under 14 CFR 380

    with no additional subsidy required.

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    Beckley, WV – Option B

    Jetstream 31 – 9 seats

    24 round trips per week to Washington*Community choice of IAD or BWI

    Miles 186

    Block Hours/Segment 1.2

    Frequency/Week 48

    Completion Factor 99%

     Annual departures 2471

     Annual block hours 2965.2

    Est Load Factor 65%

    Est Pax 14456

    Est Fare $ 40.37

    Fare WITH tax $ 49.00Total Revenue $ 583,602.18

    Crew $ 688,500.00

     Aircraft $ 240,000.00

    Maintenance $ 1,482,624.00

    Fuel $ 1,023,010.56

    Insurance $ 63,000.00

    Other Indirect Costs $ 1,387,172.78

    Expenses $ 4,884,307.34

    Income (loss) $ (4,300,705.16)

    Profit Element $ 174,856.73

    Subsidy Required $ 4,475,561.89

    *Should the community elect to participate in the Alternative Essential Air Service

    program, this schedule could be operated by a 19-seat Jetstream 31 under 14 CFR 380

    with no additional subsidy required.

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    Beckley, WV – Option C

    Jetstream 41 – 30 seats

    24 round trips per week to Washington or Charlotte (CLT)Community choice of IAD or BWI for Washington service

    Miles 186

    Block Hours/Segment 1.1

    Frequency/Week 24

    Completion Factor 99%

     Annual departures 1236

     Annual block hours 1359.1

    Est Load Factor 40%

    Est Pax 14826

    Est Fare $ 40.37

    Fare WITH tax $ 49.00

    Total Revenue $ 598,566.34

    Crew $ 630,000.00

     Aircraft $ 338,400.00

    Maintenance $ 1,019,304.00

    Fuel $ 713,512.80

    Insurance $ 85,000.00

    Other Indirect Costs $ 1,024,071.52

    Expenses $ 3,810,288.32

    Income (loss) $ (3,211,721.98)

    Profit Element $ 139,310.84

    Subsidy Required $ 3,351,032.82

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    Lewisburg, WV – Option A

    Jetstream 31 – 9 seats

    18 round trips per week to Washington*Community choice of IAD or BWI

    Miles 153

    Block Hours/Segment 1.1

    Frequency/Week 36

    Completion Factor 99%

     Annual departures 1853

     Annual block hours 2038.6

    Est Load Factor 65%

    Est Pax 10842

    Est Fare $ 40.37

    Fare WITH tax $ 49.00

    Total Revenue $ 437,701.64

    Crew $ 688,500.00

     Aircraft $ 240,000.00

    Maintenance $ 1,019,304.00

    Fuel $ 703,319.76

    Insurance $ 63,000.00

    Other Indirect Costs $ 1,120,495.05

    Expenses $ 3,834,618.81

    Income (loss) $ (3,396,917.18)

    Profit Element $ 135,706.19

    Subsidy Required $ 3,532,623.37

    *Should the community elect to participate in the Alternative Essential Air Service

    program, this schedule could be operated by a 19-seat Jetstream 31 under 14 CFR 380

    with no additional subsidy required.

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    Lewisburg, WV – Option B

    Jetstream 31 – 9 seats

    24 round trips per week to Washington*Community choice of IAD or BWI

    Miles 153

    Block Hours/Segment 1.1

    Frequency/Week 48

    Completion Factor 99%

     Annual departures 2471

     Annual block hours 2718.1

    Est Load Factor 65%

    Est Pax 14456

    Est Fare $ 40.37

    Fare WITH tax $ 49.00

    Total Revenue $ 583,602.18

    Crew $ 688,500.00

     Aircraft $ 240,000.00

    Maintenance $ 1,359,072.00

    Fuel $ 937,759.68

    Insurance $ 63,000.00

    Other Indirect Costs $ 1,360,028.40

    Expenses $ 4,648,360.08

    Income (loss) $ (4,064,757.90)

    Profit Element $ 164,416.58

    Subsidy Required $ 4,229,174.49

    *Should the community elect to participate in the Alternative Essential Air Service

    program, this schedule could be operated by a 19-seat Jetstream 31 under 14 CFR 380with no additional subsidy required.

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    Lewisburg, WV – Option C

    Jetstream 41 – 30 seats

    12 round trips per week to Washington*Community choice of IAD or BWI

    Miles 153

    Block Hours/Segment 1

    Frequency/Week 24

    Completion Factor 99%

     Annual departures 1236

     Annual block hours 1235.5

    Est Load Factor 40%Est Pax 14826

    Est Fare $ 40.37

    Fare WITH tax $ 49.00

    Total Revenue $ 598,566.34

    Crew $ 630,000.00

     Aircraft $ 338,400.00

    Maintenance $ 926,640.00

    Fuel $ 648,648.00

    Insurance $ 85,000.00

    Other Indirect Costs $ 1,005,168.06

    Expenses $ 3,633,856.06

    Income (loss) $ (3,035,289.72)

    Profit Element $ 131,434.40

    Subsidy Required $ 3,166,724.12

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    Lewisburg, WV – Option D

    Jetstream 41 – 30 seats

    14 round trips per week to Washington* and AtlantaCommunity choice of IAD or BWI

    LWB-WAS LWB-ATL

    Miles 153 369

    Block Hours/Segment 1 1.6

    Frequency/Week 24 4

    Completion Factor 99% 99%

     Annual departures 1236 206

     Annual block hours 1235.5 329.5

    Est Load Factor 40% 60%

    Est Pax 14826 3707

    Est Fare $ 40.37 $ 68.28

    Fare WITH tax $ 49.00 $ 79.00

    Total Revenue $ 851,646.81

    Crew $ 630,000.00

     Aircraft $ 338,400.00

    Maintenance $ 1,173,744.00

    Fuel $ 821,620.80

    Insurance $ 85,000.00

    Other Indirect Costs $ 1,055,577.28

    Expenses $ 4,524,418.88

    Income (loss) $ (3,839,768.40)

    Profit Element $ 173,442.08

    Subsidy Required $ 4,201,210.65

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    Morgantown, WV – Option A

    Jetstream 31 – 9 seats

    18 round trips per week to Washington*Community choice of IAD or BWI

    Miles 122

    Block Hours/Segment 1

    Frequency/Week 36

    Completion Factor 99%

     Annual departures 1853

     Annual block hours 1853.3

    Est Load Factor 65%

    Est Pax 10842

    Est Fare $ 40.37

    Fare WITH tax $ 49.00

    Total Revenue $ 437,701.64

    Crew $ 688,500.00

     Aircraft $ 240,000.00

    Maintenance $ 926,640.00

    Fuel $ 639,381.60

    Insurance $ 63,000.00

    Other Indirect Costs $ 1,100,136.77

    Expenses $ 3,657,658.37

    Income (loss) $ (3,219,956.74)

    Profit Element $ 127,876.08

    Subsidy Required $ 3,347,832.82

    *Should the community elect to participate in the Alternative Essential Air Service

    program, this schedule could be operated by a 19-seat Jetstream 31 under 14 CFR 380

    with no additional subsidy required.

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    Morgantown, WV – Option B

    Jetstream 31 – 9 seats

    24 round trips per week to Washington*Community choice of IAD or BWI

    Miles 122

    Block Hours/Segment 1

    Frequency/Week 48

    Completion Factor 99%

     Annual departures 2471

     Annual block hours 2471.0

    Est Load Factor 65%

    Est Pax 14456

    Est Fare $ 40.37

    Fare WITH tax $ 49.00

    Total Revenue $ 583,602.18

    Crew $ 688,500.00

     Aircraft $ 240,000.00

    Maintenance $ 1,235,520.00

    Fuel $ 852,508.80

    Insurance $ 63,000.00

    Other Indirect Costs $ 1,332,884.03

    Expenses $ 4,412,412.83

    Income (loss) $ (3,828,810.65)

    Profit Element $ 153,976.44

    Subsidy Required $ 3,982,787.09

    *Should the community elect to participate in the Alternative Essential Air Service

    program, this schedule could be operated by a 19-seat Jetstream 31 under 14 CFR 380with no additional subsidy required.

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    Morgantown, WV – Option C

    Jetstream 41 – 30 seats

    12 round trips per week to Washington*Community choice of IAD or BWI

    Miles 122

    Block Hours/Segment 1

    Frequency/Week 24

    Completion Factor 99%

     Annual departures 1236

     Annual block hours 1235.5

    Est Load Factor 40%

    Est Pax 14826Est Fare $ 40.37

    Fare WITH tax $ 49.00

    Total Revenue $ 598,566.34

    Crew $ 630,000.00

     Aircraft $ 338,400.00

    Maintenance $ 926,640.00

    Fuel $ 648,648.00

    Insurance $ 85,000.00

    Other Indirect Costs $ 1,005,168.06

    Expenses $ 3,633,856.06

    Income (loss) $ (3,035,289.72)

    Profit Element $ 131,434.40

    Subsidy Required $ 3,166,724.12

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    Staunton, VA – Option A

    Jetstream 31 – 9 seats

    18 round trips per week to Washington*

    Community choice of IAD or BWI

    Miles 79

    Block Hours/Segment 0.9

    Frequency/Week 36

    Completion Factor 99%

     Annual departures 1853

     Annual block hours 1668.0

    Est Load Factor 65%

    Est Pax 10842

    Est Fare $ 40.37Fare WITH tax $ 49.00

    Total Revenue $ 437,701.64

    Crew $ 688,500.00

     Aircraft $ 240,000.00

    Maintenance $ 833,976.00

    Fuel $ 575,443.44

    Insurance $ 63,000.00

    Other Indirect Costs $ 1,079,778.49

    Expenses $ 3,480,697.93

    Income (loss) $ (3,042,996.30)

    Profit Element $ 120,045.97

    Subsidy Required $ 3,163,042.27

    *Should the community elect to participate in the Alternative Essential Air Service

    program, this schedule could be operated by a 19-seat Jetstream 31 under 14 CFR 380

    with no additional subsidy required.

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    Staunton, VA – Option B

    Jetstream 31 – 9 seats

    24 round trips per week to Washington*Community choice of IAD or BWI

    Miles 79

    Block Hours/Segment 0.9

    Frequency/Week 48

    Completion Factor 99%

     Annual departures 2471

     Annual block hours 2223.9

    Est Load Factor 65%

    Est Pax 14456

    Est Fare $ 40.37

    Fare WITH tax $ 49.00Total Revenue $ 583,602.18

    Crew $ 688,500.00

     Aircraft $ 240,000.00

    Maintenance $ 1,111,968.00

    Fuel $ 767,257.92

    Insurance $ 63,000.00

    Other Indirect Costs $ 1,305,739.66

    Expenses $ 4,176,465.58

    Income (loss) $ (3,592,863.39)

    Profit Element $ 143,536.30

    Subsidy Required $ 3,736,399.69

    *Should the community elect to participate in the Alternative Essential Air Service

    program, this schedule could be operated by a 19-seat Jetstream 31 under 14 CFR 380

    with no additional subsidy required.

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    Staunton, VA – Option C

    Jetstream 41 – 30 seats

    12 round trips per week to Washington*Community choice of IAD or BWI

    Miles 79

    Block Hours/Segment 0.8

    Frequency/Week 24

    Completion Factor 99%

     Annual departures 1236

     Annual block hours 988.4

    Est Load Factor 40%

    Est Pax 14826

    Est Fare $ 40.37

    Fare WITH tax $ 49.00

    Total Revenue $ 598,566.34

    Crew $ 840,000.00

     Aircraft $ 338,400.00

    Maintenance $ 741,312.00

    Fuel $ 518,918.40

    Insurance $ 85,000.00

    Other Indirect Costs $ 992,561.15

    Expenses $ 3,516,191.55

    Income (loss) $ (2,917,625.21)

    Profit Element $ 126,181.52

    Subsidy Required $ 3,043,806.73