Home | OST Filings by Number | OST Orders and Notices | OST Filings by Carrier
OST Filings by Proceeding | OST Filings by Day | Office of Intl Aviation Filings by Carrier | Office of Intl Filings by Day


OST-98-4838

Puerto Rico Airways, Corp. d/b/a Puerto Rico Airways

OST-98-4838 December 2, 1998 Application for a Certificate of Public Convenience and Necessity Certificate of Public Convenience - Interstate Scheduled
 

 

 Exhibit 1:  Secretary of State of Delaware's Certification  
    Exhibit 2:  Exhibit of Citizenship  
    Exhibit 3:  Resumes of Key Personnel  
    Exhibit 4:  Resumes of Board of Directors  
    Exhibit 5:  Stock Ownership List  
    Exhibit 6:  Pro Forma Balance Sheet  
    Exhibit 6A:  Loan Application Correspondence w/Government Development Bank for Puerto Rico  
    Exhibit 6B:  Request for Extension for the Offering of Shares Correspondence w/Commissioner of Financial Institutions of Puerto Rico  
    Exhibit 7:  Projected Income Statement for Period 1999-2001  
    Exhibit 8:  Projected Cash Flow Statement Period 1999-2001  
    Exhibit 9A:  Statement of Accounts (Check Summary)  
    Exhibit 9B:  Statement of Accounts (Account/Interest Information)  
    Exhibit 10:  Balance Sheet June 30, 1998  
    Exhibit 11:  Balance Sheet October 31, 1998 (Assets)  
    Exhibit 12:  DOT International Air Carrier Agreement  
    Exhibit 13:  Certification  

The Applicant is a start-up carrier that intends to offer non-stop, scheduled service between New York (JFK) and San Juan, Puerto Rico. Applicant will also consider Aguadilla, Puerto Rico as an additional point as the market develops. The Applicant will target the Puerto Rican air travelers who represent over fifty percent (50%) of the more than 1,200,000 passengers who traveled between JFK and SJU during a recent twelve (12) month period.

The applicant plans to begin operations with two leased Boeing 727-200 aircraft Prior to commencement of scheduled service, the Applicant will take delivery of two (2) aircraft which will be adequate to provide two round trips daily between JFK and Puerto Rico during the first year of operations. Applicant plans to add an additional two aircraft during the second year of operations and two more during the third year of operations. Additional frequencies or route expansion will be contingent upon consumer demand and the Applicant's ability to raise the working capital adequate to support cautious expansion.

Applicant Reps.:  Guillermo Ortiz-Osorio, Puerto Rico Airways, Inc., 718.342.7965 and Jim Marquez, The Marquez Group, 703.734.4382

Puerto Rico Airways Corp

OST-98-4838 December 17, 1998 DOT/OST - Letter Requesting Additional Information Certificate of Public Convenience - Puerto Rico-New York

By:  Air Carrier Fitness, Galvin Coimbre

Puerto Rico Airways Corp. d/b/a Puerto Rico Airways

OST-98-4838 January 26, 1999 Supplemental Information Pursuant to Department's Information Request Certificate of Public Convenience & Necessity - Interstate Scheduled Combination
    Exhibit 1:  Corporate Records  
    Exhibit 1A:  Certificate of Incorporation  
    Exhibit 1B:  Certified True Certificate of Amendment of Certificate of Incorporation  
    Exhibit 2:  Preapplication Statement of Intent  
    Exhibit 3:  Aviation Disaster Family Assistance Plan  
    Exhibit 4:  Re:  Letter of Intent for Acquisition of Aircraft Dated December 28, 1998
    Exhibit 5:  Puerto Rico Airways Organizational Chart  
    Exhibit 6:  Resume of Osvaldo Gonzalez, Chief  Pilot  
    Exhibit 7:  Resume of Carlos Cordova, Director Flight Operations  
    Exhibit 8:  Resume of Juan Aviles, Manager-Company Safety  
    Exhibit 9:  Resume of Nestor Alvarado, Chief Inspector  
    Exhibit 10:  FAA Certification-Demonstration & Inspection  
    Exhibit 11:  Projected Profit/Loss Statement Period 1999-2001  
    Exhibit 12:  Projected Income Statement Period 1999-2001  
    Exhibit 13:  Projected Cash Flow Statement Period 1999-2001  
    Exhibit 14:  Three-Year Financial Statements by Year  
    Exhibit 15:  Projected Financial Statements & Assumptions for the Projection, Period 1999-2001  
    Exhibit 16:  Offering Memorandum Dated October 26, 1997
    Exhibit 17:  Private Offering Memorandum Dated June 18, 1997
    Exhibit 18:  Letter from Govt Bank of Puerto Rico Re:  Preoperational Costs Loan (w/translation) Dated December 15, 1998
    Exhibit 19:  Letter from Funding Brokers of Scottsdale Re:  Equity and/or Debt Loans Dated December 6, 1998
    Exhibit 20:  Certification  

Applicant is confident that it will raise the $3.1 million for pre-operating costs in the very near time frame. In addition, the Applicant is confident that its efforts to raise an additional $8.0 million through loans or letters of credit for the commencement of operations will be successful. Applicant intends to keep the Department informed on its progress to find the necessary capital to fund pre-operating expenses and operations.

Counsel:  Jim Marquez, 703-734-4382

Puerto Rico Airways Corp. d/b/a Puerto Rico Airways

OST-98-4838 February 8, 1999
Docketed February 12, 1999		 Re:  Request for Additional Information Certificate of Public Convenience and Necessity - Interstate Scheduled

Letter from Air Carrier Fitness Division, Office of Aviation Analysis requesting additional information

By:  Patricia Thomas

Puerto Rico Airways Corp. d/b/a Puerto Rico Airways

OST-98-4838 Filed April 26, 1999
Docketed April 27, 1999		 Supplemental Information and Motion for Confidential Treatment Certificate of Public Convenience - New York-Puerto Rico document.gif (123 bytes)HTML
 

 

 Exhibit 1:  Correspondence w/Govt Development Bank    
    Exhibit 2:  Correspondence w/Govt Development Bank (Continued)    
    Exhibit 3:  San Juan Holdings, Inc.    
    Exhibit 4:  Resume of Rafael O. Peņa    
    Exhibit 5:  Resume of Albert R. Zapata    
    Exhibit 6:  Resume of Hiram Maldonado    
    Exhibit 7:  Resume of Tommy Mercado    
    Exhibit 8:  Resume of Richard B. Peacock, II    

Counsel:  Holland Knight, Jim Marquez, 202-955-3000

Puerto Rico Airways

OST-98-4838 June 7, 1999 Motion for Confidential Treatment Certificate of Public Convenience and Necessity
OST-98-4838 June 7, 1999 Supplemental Information  
    Attachment:  Private Placement Memorandum  

Counsel:  Holland & Knight, LLP, Jim Marquez, 202.955.3000

Puerto Rico Airways, Corp.

OST-98-4838 June 14, 1999 Supplemental Information Certificate of Public Convenience - Puerto Rico-New York
    Service List  

Counsel:  Holland & Knight, LLP, Jim Marquez, 202.457.7033, jmarquez@hklaw.com

Puerto Rico Airways Corp. d/b/a Puerto Rico Airways

OST-98-4838 June 17, 1999 Re:  Letter in Response to Department's June 16, 1999 Request Certificate of Public Convenience - San Juan-New York

This letter is in response to the Department's request of June 16, 1999, for compliance information on each of the new members of the management team, and the request for a new certification by the Chief Executive Officer of Puerto Rico Airways

Counsel:  Holland Kinight, Kim Marquez, 202-955-3000

Puerto Rico Airways Corp. d/b/a Puerto Rico Airways

OST-98-4838 June 25, 1999
Docketed June 30, 1999		 Re:  Confidential Treatment Certificate of Public Convenience and Necessity - Interstate Scheduled

By:  John Coleman

Puerto Rico Airways, Corp. d/b/a Puerto Rico Airways

OST-98-4838 July 2, 1999 Re:  Exhibit 1 - Private Placement Memorandum by San Juan Holdings and Bahia Group Holdings Certificate of Public Convenience - San Juan-New York
    Appendix A:  
    Appendix B:  
    Appendix C:  
    Appendix D:  

Counsel:  Holland & Knight LLP, Jim Marquez for Puerto Rico Airways, 202.457.7033, jmarquez@hklaw.com

Puerto Rico Airways, Corp.

Order 99-7-7
OST-98-4838		 Issued and Served July 13, 1999 Order to Show Cause Proposing Issuance of Certificate Authority

Scanned Copy

 Certificate, Interstate Scheduled

By:  Bradley Mims

Puerto Rico Airways, Corp.

Order 99-7-18
OST-98-4838		 Issued July 28, 1999
Served July 28, 1999		 Final Order Certificate of Public Convenience and Necessity

By:  Brad Mims

Puerto Rico Airways, Corp. d/b/a Puerto Rico Airways

OST-98-4838 June 26, 2000 Re:  Proof of Sufficient Funds San Juan- New York
    Exhibit:  Check for U.S. DOT  

Counsel:  Holland Knight, Jim Marquez for Puerto Rico Airways, 202.457.7033, jmarquez@hklaw.com

Puerto Rico Airways, Corp. d/b/a Puerto Rico Airways

OST-98-4838 January 24, 2001 Re:  Six Month Waiver of Dormancy Provision San Juan- New York

The funding which was expected in July 2000 did not materialize and PRA was forced to find a new investment banking firm to assist in this effort. The effort took some time but PRA has recently received a Letter of Commitment from new investors. The letter commits to the investment of $3.2 million by February 15, 2001 contingent on the finalization of a full funding agreement. The parties are currently working on the final document. I will provide the department with a copy of the funding agreement when it is completed.

As a result of the failure of the prior investment bankers to complete the anticipated funding of July 2000, it will not be possible to meet the department's conditions by January 29th. or the Part 121 process. However, the prospects of meeting them in the next six months is high.

PRA has been in constant touch with the Mr. Rafael Gilestra, CPM-SO of the FAA FSDO in Puerto Rico concerning the Part 121 certification. He is aware that PRA must secure the funding in order to place an aircraft on the Operations Specifications to complete the certification process. The funding agreement which is currently being negotiated includes aircraft for the operations.

PRA continues to communicate with airport management where it intends to operate, insurance carriers, ground handlers, reservation services and other types of necessary support services in anticipation of commencing operations. PRA wants to become the first viable airline from Puerto Rico offering the flying public low cost and efficient air transportation between Puerto Rico and the mainland. If the Department does not grant PRA a waiver to complete preparations for startup, it will be a heartbreaking disappointment to all of the hardworking individuals who have spent more than five years on this effort. Therefore, PRA respectfully requests the Department to waive the dormancy provisions of § 204.7 and grant PRA another six months in which to finalize its funding and complete the Part 121 process. We would be pleased to

Counsel:  Holland Knight, Jim Marquez for Puerto Rico Airways, 202.457.7033, jmarquez@hklaw.com

Puerto Rico Airways, Corp.

OST-98-4838 February 14, 2001
*Not Yet Scanned By Dockets		 Letter to Jim Marquez Counsel for Puerto Rico Airways Certificate of Public Convenience and Necessity

By:  Randall Bennett

Home | OST Filings by Number | OST Orders and Notices | OST Filings by Carrier
OST Filings by Proceeding | OST Filings by Day | Office of Intl Aviation Filings by Carrier | Office of Intl Filings by Day