BEFORE THE DEPARTMENT OF TRANSPORTATION WASHINGTON, D.C. APPLICATION OF STAR AIR A/S FOR AN EXEMPTION AND FOREIGN AIR CARRIER PERMIT

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1 BEFORE THE DEPARTMENT OF TRANSPORTATION WASHINGTON, D.C. Application of Star Air A/S Docket OST for an exemption pursuant to 49 U.S.C and for a foreign air carrier permit pursuant to 49 U.S.C (U.S.-Denmark) APPLICATION OF STAR AIR A/S FOR AN EXEMPTION AND FOREIGN AIR CARRIER PERMIT Communications with respect to this document should be sent to: Anita M. Mosner Sophy Chen HOLLAND & KNIGHT LLP 2099 Pennsylvania Avenue, N.W., Suite 100 Washington, D.C Phone: (202) Fax: (202) anita.mosner@hklaw.com sophy.chen@hklaw.com Attorneys for Star Air A/S Dated: April 27, 2007 NOTICE: ANY PERSON MAY FILE AN ANSWER TO THIS APPLICATION. ANSWERS MUST BE FILED IN THIS DOCKET, AND SERVED UPON THE PARTIES LISTED ABOVE, ON OR BEFORE MAY 14, 2007, FOR THE EXEMPTION APPLICATION AND MAY 18, 2007, FOR THE PERMIT APPLICATION.

2 BEFORE THE DEPARTMENT OF TRANSPORTATION WASHINGTON, D.C. Application of Star Air A/S Docket OST for an exemption pursuant to 49 U.S.C and for a foreign air carrier permit pursuant to 49 U.S.C (U.S.-Denmark) APPLICATION OF STAR AIR A/S FOR AN EXEMPTION AND FOREIGN AIR CARRIER PERMIT Pursuant to 49 U.S.C and 41301, Subparts B and C of the Department's Rules of Practice, Part 211 of the Department's Economic Regulations, and the Department's streamlined licensing procedures, 1 Star Air A/S ("Star Air") hereby applies for an exemption and a Foreign Air Carrier Permit that would enable it to provide charter foreign air transportation of property and mail on any and all routes authorized pursuant to the Agreement between the Government of the United States of America and the Government of Denmark Relating to Air Transport Services ("U.S.-Denmark Open Skies Agreement"). 2 In support of this application, Star Air states as follows: 1. Star Air is seeking an exemption and Foreign Air Carrier Permit that would enable it to provide charter foreign air transportation of property and mail: a. Between any point or points in the territory of Denmark and any point of points in the U.S.; and 1 Notice, Docket OST (Aug. 23, 2005). 2 Agreement between the Government of the United States of America and the Government of Denmark Relating to Air Transport Services, as amended (June 16, 1995).

3 STAR AIR A/S APPLICATION FOR AN EXEMPTION AND A FOREIGN AIR CARRIER PERMIT b. Between any point or points in the territory of the U.S. and any point or points in a third country or countries; provided that such service constitutes part of a continuous operation, with or without change of aircraft, that includes service to Denmark for the purpose of carrying local traffic between Denmark and the U.S Star Air's request is consistent with Annex II, Section 1 of the U.S.- Denmark Open Skies Agreement. Article 2 of the Agreement provides that both parties may designate an unlimited number of airlines under the Agreement. 3. As the information that follows will demonstrate, Star Air is fully qualified to hold a foreign air carrier permit. Star Air is owned and controlled by Danish citizens and has a capable and experienced management team. In addition, the company has the financial resources and technical expertise necessary to operate its service safely and efficiently. 4. The applicant's name is Star Air A/S and its address is Copenhagen Airport South, DK-2791 Dragoer, Denmark. Star Air is a private limited company ("aktieselskab," abbreviated "A/S") registered in the Danish Commerce and Companies Agency (CVR No ) as well as in the Danish Central Business Register. Star Air is a wholly-owned subsidiary of A/S Maersk Aviation Holding (also a Danish company), which in turn is a wholly-owned subsidiary of A.P. M0ller - Maersk A/S (also a Danish company). Exhibit A contains a summary ("Compiled Summary") of the 3 Under Annex II of the U.S.-Denmark Open Skies Agreement, designated airlines of each party also have the right: (1) to make stopovers at any points whether within or outside of the territory of either party; (2) to carry transit traffic through the other party's territory; and (3) to combine on the same aircraft traffic originating in one party's territory, traffic originating in the other party's territory, and traffic originating in third countries. See U.S.-Denmark Open Skies Agreement.

4 STARAIRA/S APPLICATION FOR AN EXEMPTION AND A FOREIGN AIR CARRIER PERMIT company's registration with the Danish Commerce and Companies Agency. Further details concerning Star Air's shareholding are available in paragraph Star Air is regulated in Denmark by the Staten Luftfartsvaasen (Civil Aviation Administration - Denmark), with its official address at Luftfartshuset, Box 744, Ellebjergvej 50, DK-2450 Copenhagen SV, Denmark. 6. Star Air has a six-member Board of Directors that oversees corporate management and strategy. The Board Members are: a. Bent Erik Carlsen, Executive Vice President; b. Flemming Edvard Ipsen, Executive Vice President; c. General Jorgen Lyng; d. Nils Wilhjelm; e. Aksel Lutzen; and f. Jens Christian Holgaard Borre. The Compiled Summary and Addendum at Exhibit A contains the Board Members' addresses. All Directors are Danish citizens. 7. Exhibit B contains the names, addresses, and citizenship of Star Air's skilled management team, which is comprised of individuals who are exceptionally wellqualified to perform their duties. None are related by blood or marriage. 8. All of the shares of Star Air are owned by the Danish company A/S Maersk Aviation Holding, which is wholly owned by the Danish company A.P. M0ller - Masrsk A/S. A.P. M0ller - Maersk A/S is publicly traded on the Copenhagen Stock Exchange and has approximately 53,000 registered shareholders. The largest shareholders, listed below, are all Danish companies or funds.

5 STAR AIR A/S APPLICATION FOR AN EXEMPTION AND A FOREIGN AIR CARRIER PERMIT Name Share Votes A.P. M0ller og Hustru Chastine Mc-Kinney Mollers Fond til almene. n 7CO/ Formaal 4U ' 7b/0 50 ' 03/0 A.P. M0ller og Hustru Chastine Mc-Kinney M0llers Familiefond 10.60% 13.73% Maersk Mc-Kinney M0ller 3.63% 6.41% Den A.P. M0llerske St0ttefond 2.94% 5.86% Companies within the A.P. Moller - Maersk Group (own shares) 6.39% 0% 9. No government or governmental entity has any direct or indirect, or beneficial or non-beneficial, interest in Star Air. Neither the applicant nor any officer, director, manager, or holder of five percent or more of the capital stock holds any interest in any U.S. carrier; any other foreign air carrier; any persons engaged in the business of aeronautics; or any common carrier, or any person whose principal business is the holding of stock in, or control of, any air carrier Star Air's insurance coverage meets or exceeds the liability limits of 14 C.F.R. Part 205. Exhibit C contains a copy of Star Air's Certificate of Insurance, which identifies the name of its insurance carriers. 11. Star Air holds an Air Operator Certificate ("AOC") issued by the Civil Aviation Administration-Denmark. Exhibit D contains a copy of Star Air's AOC and its operations specifications. Star Air also holds a European Union Operating License, also issued by the Civil Aviation Administration-Denmark. Exhibit E contains a copy of Star Air's Operating License. 12. Star Air operates 11 Boeing SF ("special freighter") series aircraft configured for cargo transport. Exhibit F contains a list of these aircraft. 4 The applicant's ultimate shareholder, A.P. M0ller-Meersk A/S, holds a 50% shareholding in the Dutch air carrier Martinair Holland N.V. as a result of its acquisition of the British/Dutch container shipping company Royal P&O Nedlloyd N.V. 4

6 STAR AIR A/S APPLICATION FOR AN EXEMPTION AND A FOREIGN AIR CARRIER PERMIT 13. Star Air performs normal line maintenance on these aircraft in conformity with applicable ICAO standards using its own mechanics, of which there are 36 on Star Air's staff. All mechanics hold Aircraft and Powerplant Licenses for the Boeing SF series aircraft. Star Air's maintenance program complies with the provisions of ICAO Pilots and Airmen Annexes 1, 6 (Part 1), and 7. The Kingdom of Denmark is a contracting State to the Convention on International Civil Aviation. 14. Star Air does not hold any interest in any U.S. carrier or in any other foreign carrier. Further, Star Air is not a party to any agreements or cooperative working arrangements with any U.S. or foreign air carrier that would affect the proposed services to the United States. 15. Star Air is financially strong and meets or exceeds the Department's financial fitness requirements. Copies of its financial statements for 2004 and 2005 are attached in Exhibit G. Star Air requests confidential treatment of this information pursuant to Rule 12 of DOT'S Rules of Practice. 16. Star Air has not received, and does not expect to receive, any financial assistance from the Government of the Kingdom of Denmark. 17. Attached as Exhibit H is a proposed Foreign Air Carrier Permit for Star Air. 18. Approval of this Application would be fully consistent with the public interest. The proposed service will strengthen the economic ties between the U.S. and Denmark. Approval of Star Air's application would contribute greatly to the development of a positive aviation relationship between the two countries.

7 STAR AIR A/S APPLICATION FOR AN EXEMPTION AND A FOREIGN AIR CARRIER PERMIT 19. Star Air has not been involved, for the preceding five years, in any safety or tariff violations or any fatal accidents. 20. Star Air has executed a Warsaw Convention Liability Waiver (OST Form 4523). See Exhibit I. 21. Separately, Star Air will submit to the Department and to the National Transportation Safety Board an emergency assistance plan as required by the Aviation Disaster Family Assistance Act. 22. The verification required by 14 C.F.R (b) is attached as Exhibit J. WHEREFORE, for the foregoing reasons, Star Air respectfully requests that the Department grant its application for an exemption and a foreign air carrier permit so that Star Air may conduct charter foreign air transportation of property and mail from a point or points behind Denmark, via Denmark and intermediate points, to a point or points in the United States and beyond. Star Air further requests any different or additional relief that the Department may deem necessary.

8 STAR AIR A/S APPLICATION FOR AN EXEMPTION AND A FOREIGN AIR CARRIER PERMIT Respectfully submitted, M. Mosner Sophy Chen HOLLAND & KNIGHT LLP 2099 Pennsylvania Avenue, N.W., Suite 100 Washington, D.C Phone: (202) Fax: (202) anita.mosner@hklaw.com sophy.chen@hklaw.com Attorneys for STAR AIR A/S

9 STAR AIR A/S APPLICATION FOR AN EXEMPTION AND A FOREIGN AIR CARRIER PERMIT TABLE OF EXHIBITS Exhibit A Compiled Summary Exhibit B Resumes for Key Officers/Managers Exhibit C Certificate of Insurance Exhibit D Air Operator Certificate and Operations Specifications Exhibit E E.U. Operating License Exhibit F Aircraft List Exhibit G Annual Reports for 2004 and 2005 Exhibit H Proposed Foreign Air Carrier Permit Sample Exhibit I Warsaw Convention Liability Waiver Exhibit J Verification

10 CERTIFICATE OF SERVICE I hereby certify that I have this date served the foregoing "APPLICATION OF STAR AIR A/S FOR AN EXEMPTION AND FOREIGN AIR CARRIER PERMIT" on the persons identified below by causing a copy to be sent by electronic mail. RECIPIENT Carl B. Nelson Brian Hunt Hershel 1. Kamen Dan Weiss Robert E. Conn Patrick R. Rizzi Shannon Edwards Prashanth Athreya John Riggs John Palo James J. Ballough Angeline Bird Alexander van der Bellen Russell E. Pommer Kevin P. Montgomery Jeffrey Manley Julie Oettinger David L. Vaughan Howard Kass Benjamin T. Slocum COMPANY American Airlines ATA Airlines Continental Airlines Hogan & Hartson for Delta Air Lines Evergreen International Airlines, Inc. Federal Aviation Administration FedEx Northwest Airlines, Inc. Polar Air Cargo Inc. and Atlas Air, Inc. Polar Air Cargo, Inc. United Airlines Kelley, Drye & Warren for UPS US Airways carl.nelson@aa.com brian.hunt@iflvata.com hkamen@coair.com dan.weiss(5),coair.com recohn@hhlaw.com prrizzi@hhlaw.com shannon.edwards@everqreenaviation.com prashanth.athreva@everqreenairlines.com iohn.riaqs@everareenairlines.com iohn.dalo@everqreenairlines.com iim.ballouqh@faa.qov anbird@fedex.com sllunsford@fedex.com sascha.vanderbellen@nwa.com rpommer@atlasair.com kevin.montqomery@polaraircarqo.com ieffrev.manlev@united.com iulie.oettinqer@united.com dvaughan@kellevdrve.com howard kass@usairwavs.com beniamin.slocum@usairwavs.com

11 RECIPIENT Malcolm L. Benge COMPANY Zuckert Scoutt & Rasenberger LLC for World Airways, Inc. Sophy Chen, Esq. April 27, 2007

12 TRANSLATION Exhibit A, Page 1 Compiled Summary for STARAIRA/S This is to certify that the following text is a true and faithful translation of the original document in the Danish language produced to me and attached hereto. Witness my hand and stamp of office, Certified translator and interpreter of /Er0sk0bing, Denmark, this 23rd day of March 2007

13 : TRANSLATION Exhibit A, Page 2 ERHVERVS- OG SELSKABSSTYRELSEN The Danish Commerce and Companies Agency ) ^(Central Business Register Number) SPRINTED: 19 MAR 2007 ipagel The Danish Commerce and Companies Agency Kampmannsgade 1 DK-1780 Copenhagen V, Denmark ckk@eogs.dk COMPILED SUMMARY : NAME OF THE COMPANY: I STAR AIR A/S Latest I Registration: Date of Formation: 15, I Latest date f of Articles: I Address of {Registered Office: Municipality: Objects: Share Capital: Founders: Board of Directors: c/o A/S MAERSK AVIATION HOLDING Luffhavnen 2 DK-2791 Drag0r Tarnby The main object of the Company is to carry on aviation, but it shall be a further object to engage in other transport business, restaurant activities, commercial and industrial activities at home and abroad, all within the scope deemed appropriate by the Board of Directors. DKK 10,000, A/S MAERSK AVIATION Copenhagen Airport South DK-2791 Drag0r ELYAKTIESELSKABET MERSK Copenhagen Airport South DK-2791 Drag0r Bent Erik Carlsea, Executive Vice President Chairman Kongeledet 23 DK-2920 Charlottenlund Flemming Edvard Ipsen, Executive Vice President Strandvejenl91,5.th, DK-2900 Hellerup General J0rgen Lyng Bredgade 77, 2. tv. DK-1260 Copenhagen K CLY Kampmannsgade 1 DK-1780 Copenhagen V Tel: Fax: eogs@eog3.dk CVR No. DK EAN 579B

14 TRANSLATION Exhibit A, Page 3 ERHVERVS- OG SELSKABSSTYRELSEN The Danish Commerce and Companies Agency CVR-NO The Danish Commerce and Companies Agency (Central Business Register Number) Kampmannsgade 1 PRINTED: 19 MAR 2007 DK-1780 Copenhagen V, Denmark PAGE 2 ckk@eogs,dk NAME OF THE COMPANY: STAR AIR A/S COMPILED SUMMARY Nils Wilhjelm, Director, Former Minister for Industry Oremes Skowej 16 Orehoved DK-4840N0rreAlslev Board of Management: Powers to bind the Company: Karsten Vase Jensen, General Manager Tornegardsvej 3 DK-4621 Gadstrup The Company shall in all matters by bound by the joint signatures of a member of the Board of Management and Ihe Chairman of the Board of Directors or by two members of the Board of Directors jointly. Auditors of the Company: KPMG C. Jespersen Statsautoriseret Revisionsinteressentskab Partnership of State-Authorised Public Accountants BorupsAUel77 P.O. Box 250 } DK-2000 Frederiksberg i Financial year: \ First accounting period: The present legal unit was previously registered under registration number A/S [This was changed in accordance with the CVR (Central Business Register) Act. (Translator's note)} This is to certify the correctness of the transcript [signature] L. Nordgren for Camilla Lyngvig CLY Kampmannsgads 1 DK-1780 Copenhagen V Tel: Fax: eogs@eogs.dk CVR No. DK EAN

15 ERHVERVS- OG SELSKABSSTYRELSEN Exhibit A, Page 4 CVR-NR Udskrevet Side 1 Erhvervs- og Selskabsstyrelsen Kampmannsgade K0benhavn V E-post ckk@eogs.dk SAMMENSKREVET RESUME SELSKABSNAVN: STAR AIR A/S. Seneste : registrering: i Seneste I vedtasgtsdato:, Hjemsteds- adresse: Hjemsteds- ; kommune: ' Formal: i Aktiekapital: i Stiftere: Stiftelses dato: c/o A/S MAERSK AVIATION HOLDING Lufthavnen Drag0r Tarnby Selskabets hoveformal er at drive luftfart, men det bar tillige det formal at drive anden transportvirksomhed, restaurationsvirksomhed, handel og industriel virksomhed i indland eller udland inden for de grsnser, bestyrelsen finder rigtige. Kr ,0.0 A/S MAERSK AVIATION K0benhavns Lufthavn Syd 2791 Drag0r FLYAKTIESELSKABET MJERSK K0benhavns Lufthavn Syd 2791 Drag0r Bestyrelse: Executive Vice President Bent Erik Carlsen formand Kongeledet Charlottenlund Direkt0r Flemming Edvard Ipsen Strandvejen 191, 5. th Hellerup General J0rgen Lyng Bredgade 77, 2. tv K0benhavn K CLY Kampmannsgade Kabenhavn V Telefon Telefax wviw.eogs.dk eog5@eogs.dk CVR nr. DK EAN-nr

16 CVR-NR Udskrevet Side 2 ERHVERVS- OQ SELSKABSSTYRELSEN Exhibit A, Page 5 Erhvervs- og Selskabsstyrelsen Kampmannsgade K0benhavn V E-post ckk@eogs.dk SAMMENSKREVET RESUME SELSKABSNAVN: STAR AIR A/S Direkt0r, fhv. industriminister Nils Wilhjelm Orenses Skovvej 16 Orehoved 4840 N0rre Alslev Direktion: Adm. direkt0r Karsten Vase Jensen Tornegardsvej Gadstrup Tegningsregel: Selskabet kan i alle forhold forpligtes og tegnes af en direkt0r i forening med bestyrelsesformanden eller af to bestyrelsesmedlemmer i forening. Selskabsrevisor: KPMG C. Jespersen Statsautoriseret Revisionsinteressentskab Borups Alle 177 Postboks Frederiksberg Regnskabsar: 01.01' F0rste regnskabsperiode: Den juridiske enhed var tidligere registreret under registreringsnummer A/S Udskriftens rigtighed bekrasftes /"Camilla Lyngvig ~ Kampmannsgade Kabenhavn V Telefon Teisfax e> CLY CVR nr. DK EAN-nr

17 Exhibit A Addendum, Page 1 Addendum to Compiled Summary for STAR AIR A/S Addresses for additional Board Members: Aksel Liitzen Hornbaekgaardsvej 33 DK3100Hornbask Denmark Jens Christian Holgaard Borre Sophus FalcksAlle 12 DK-2791 Dragoer Denmark

18 Exhibit B, Page 1 Resumes for key officers/managers of Star Air A/S, Denmark President & CEO Name: Karsten Vase Jensen (Mr) Date of birth: 8 August 1943 Nationality: Danish citizen Residence: Tornegaardsvej 3, DK Gadstrup, Denmark Aviation career: with Sterling Airways, pilot / captain / instructor / chief pilot / deputy flight operations manager; from 1993 with Star Air, captain / instructor / chief pilot / flight operations manager / senior vice president and from September 2005 President & CEO. Vice President Maintenance Name: J0rgen Johansen (Mr) Date of birth: 10 March 1946 Nationality: Danish citizen Residence: Vestre Strandvej 22, Or0, DK Holbsek, Denmark Aviation career: with Maersk Air, mechanic / trouble shooter / base maintenance manager / tech. rep. at Fokker / line manager; from 1991 with Star Air as Vice President Maintenance. Vice President Flight Operations Name: Kurt Ibsen Thegersen (Mr) Date of birth: 21 August 1957 Nationality: Danish citizen Residence: Im Schlosspark 14, D Bergisch Gladbach, Germany Aviation career: 1978 joined Royal Danish Air Force; training at Williams AFB respectively Holloman AFB in the USA; duty at Skrydstrup AFB in Denmark; with Sterling Airways, pilot / captain; with Cimber Air, pilot / captain; from 1994 with Star Air, pilot / captain / instructor and from November 2002 Vice President Flight Operations. Star Air A/S, Jesper Parup, 29 March 2007

19 < Exhibit B, Page 2 MAEHSK Director Finance Name: Finn Neesgaard (Mr) Date of birth: 15 August 1958 Nationality: Danish citizen Residence: Amosevej 18, DK Rodovre, Denmark Aviation career: Since June 2006 with Star Air as Director Finance. Before then several years of accounting and finance management positions in major Danish companies involved in international trade. Manager Aviation Security & Ground Handling Name: Unni Elsebeth Langbach (Ms) Date of birth: 18 August 1946 Nationality: Danish citizen Residence: Vintergsekvej 32, DK Kastrup, Denmark Aviation career: Maersk Air, Manager Aviation Security & Ground Handling; 1996 Star Air, Manager Aviation Security and from 2001 supplemented by Ground Handling. Quality Assurance Manager (EASA Part M & Part 145) Name: Kristian Antvorskov (Mr) Date of birth: 14 June 1948 Nationality: Danish citizen Residence: Nebs Mellevej 60, Ortved, DK Ringsted, Denmark Aviation career: with Sterling Airways, aircraft technician; with Maersk Air, aircraft technician / trouble shooter / instructor / training manager / quality manager; from September 2005 with Star Air as Quality Assurance Manager. Flight Safety Manager Name: Niels Bundsgaard (Mr) Date of birth: 8 December 1945 Nationality: Danish citizen Residence: Rundforbivej 44, DK Vedbaek, Denmark Aviation career: Royal Danish Air Force, military college / officer cadet / fighter pilot; with Sterling Airways, pilot / captain / instructor; from 1993 with Star Air, captain / instructor / head of training / combined quality assurance & flight safety manager. Star Air A/S, Jesper Parup, 29 March 2007

20 ' Exhibit B, Page 3 MAERSK Director Operations Administration Name: Jesper Henning Paulsen (Mr) Date of birth: 1 November 1949 Nationality: Danish citizen Residence: Hvidtj0rnen 12, DK Drag0r, Denmark Aviation career: with SAS/Scandinavian Airlines System, traffic assistant apprentice / traffic assistant; with Sterling Airways, crew planner / junior salesman / operations supervisor / ad-hoc sales manager; from October 1993 with Star Air, operations coordinator / senior manager operations / director operations administration. Vice President Corporate, HR & Legal Name: Jesper Parup (Mr) Date of birth: 15 September 1947 Nationality: Danish citizen Residence: Vellerupvej 2, Norre Hyllinge, DK Kirke Hyllinge, Denmark Education: 1975 graduated from Copenhagen University Law School Aviation career: with Sterling Airways, personnel administration / aviation regulatory / aircraft transactions / company secretary & group legal counsel; Maersk Air, company secretary / vice president corporate & legal; and from September 2005 with Star Air as Vice President Corporate, HR & Legal. Star Air A/S, Jesper Parup, 29 March 2007

21 Exhibit C, Page 1 Office of the Secretary of Transportation AGENCY DISPLAY OF ESTIMATED BURDEN The public reporting burden for this collection of information is estimated to average 30 minutes per response. If you wish to comment on the accuracy of the estimate or make suggestions for reducing this burden, please direct your comments to: U.S. Department of Transportation, Office of Aviation Analysis, X-56,400 7* St., SW,., Washington, D.C According to the Paperwork Reduction Act of 1995, no persons are required to respond to a collection of information unless it displays a valid OMB control number. NOTE: For information on where to file completed copies of this form, see FILING INSTRUCTIONS below. OMB No Expires FOREIGN AIR CARRIERS CERTIFICATE OF INSURANCE POLICIES OF INSURANCE FOR AIRCRAFT ACCIDENT BODILY INJURY AND PROPERTY DAMAGE LIABILITY FILING INSTRUCTIONS: File a signed original of this form with the Federal Aviation Administration, Air Transportation Div., AFS-260, 800 Independence Ave., SW., Washington, DC {See EXCEPTION below.) EXCEPTION: If Section 2.A. is filled in because the insured is a Canadian Charter Air Taxi Operator, file an original of this form with the U.S. Department of Transportation, Special Authorities Division (X-46), 400 7m Street, SW, Washington, D.C (Please type information, except signatures.) THIS CERTIFIES THAT: CERTAIN LLOYD'S UNDERWRITERS AND VARIOUS INSURANCE COMPANIES (Name of Insurer) has issued a policy or policies of Aircraft Liability Insurance to STAR AIR A/S and/or MAERSK AIRCRAFT A/S and/or MAERSK AVIATION HOLDINGS, COPENHAGEN AIRPORT SOUTH, DK- 2791, DRAGOER, DENMARK FAA Certificate Number (Name, address and FAA Certificate number of Insured Foreign Air Carrier) effective from 1 st November, 2006 until ten (10) days after written notice from the insurer or carrier of the intent to terminate coverage is received by the Department of Transportation. NOTE: Part 205 of the Department's Regulations does not allow for a predetermined termination date, and a certificate showing such a date is unacceptable The Insurer (Check One): D is licensed to issue aircraft insurance policies in the United States; & is licensed or approved by the government of VARIOUS COUNTRIES to issue aircraft insurance policies; or D is an approved surplus line insurer in the State(s) of 2. The insurer assumes, under the policy or policies listed below, aircraft accident liability insured to minimums at least equal to the following during operation, maintenance, or use of aircraft in "foreign air transportation" as that term is defined in 49 U.S.C (Complete applicable section A, B, or C below): A. CANADIAN CHARTER AIR TAXI OPERATORS WITH PART 294 AUTHORITY ONLY The aircraft covered by this policy have: (1) 30 or fewer passenger seats and a maximum payload capacity of 7,500 pounds or less; and/or (2) a maximum authorized takeoff weight on wheels of no more than 35,000 pounds. (Complete separate or combined coverage as appropriate). Separate Coverages: Minimum Limit Policy No. Type of Liability Each person Each Occurrence Combined Bodily Injury (Excluding Passengers other $75,000 $2,000,000*(See note) than cargo attendants) and Property Damage Liability Passenger Bodily Injury $75,000 $75,000 x 75% of total number of passenger seats installed in aircraft ; Combined Coverage: This combined coverage is a single limit of liability for each occurrence at least equal to the required minimums stated above for bodily injury (excluding passengers), property damage, and passenger bodily injury. Policy A/o. Amount of Coverage U.S. Dollars This policy covers CARGO operations only and excludes passenger liability insurance. NOTE: If the aircraft covered by this policy have more than 30 passenger seats or more than a maximum payload capacity of 7,500 pounds, the minimum limit per occurrence shall be $20,000,000.. C06/STAR/OIO

22 Exhibit C, Page 2 OST Form 6411 B. FOREIGN AIR CARRIERS OPERATING SMALL AIRCRAFT The aircraft covered by this policy are SMALL AIRCRAFT (i.e., with 60 or fewer passenger seats or with a maximum payload capacity of 1 8,000 pounds or less). (Complete separate or combined coverage as appropriate): D Separate Coverages: Minimum Limit _ Policy No. _ Type of Liability Each person _ Each Occurrence Combined Bodily Injury (Excluding Passengers other $300,000 $2,000,000 than cargo attendants) and Property Damage Liability Passenger Bodily Injury $300,000 $300,000 x 75% of total number of passenger seats installed in aircraft Combined Coverage: This combined coverage is a single limit of liability for each occurrence at least equal to the required minimums stated above for bodily injury (excluding passengers), property damaged, and passenger bodily injury. Policy No. Amount of Coverage U.S. Dollars This policy covers CARGO operations only and excludes passenger liability insurance. C. FOREIGN AIR CARRIERS OPERATING LARGE AIRCRAFT The aircraft covered by this policy are LARGE AIRCRAFT (i.e., with more than 60 passenger seats or with a maximum payload capacity of more than 18,000 pounds). (Complete separate or combined coverage as appropriate): D Separate Coverages. Minimum Limit _ Policy No. _ Type of Liability Eacfi person Each Occurrence Combined Bodily Injury (Excluding Passengers other $300,000 $20,000,000 than cargo attendants) and Property Damage Liability Passenger Bodily Injury $300,000 $300,000 x 75% of total number of passenger seats installed in aircraft X Combined Coverage: This combined coverage is a single limit of liability for each occurrence at least equal to the required minimums stated above for bodily injury (excluding passengers), property damaged, and passenger bodily injury. Policy NO.AK0609S14 Amount of Coverage AS REQUIRED BY PART 14 CFR 205 This policy covers CARGO operations only and excludes passenger liability insurance. 3. The policy or policies listed in this certificate insure(s) (Check One). Make and Model Operations conducted with all aircraft operated by the insured Operations conducted with the following types of aircraft: Operations with the following aircraft: (Use additional page if necessary) FAA or Foreign Flag Registration No. 4. Each policy listed in this certificate meets or exceeds the requirements in 14 CFR Part 205. CERTAIN LLOYD'S UNDERWRITERS AND VARIOUS INSURANCE COMPANIES (Name of Insurer) (Address) (City, State, Zip Code) Contact (person who can verify the effectiveness of the coverage) (Area Coda, Phone Number) (Area Code, Fax Number) (Area Code, Phone Number) AON LIMITED. AVIATION (Name of Broker, if applicable) 8 DEVONSHIRE SQUARE (Address) LONDON EC2M 4PL (City, State, Zip Code) PETER COYNE (Officer or authorized representative) (Area Code, Fax Number) 1+44) [*U) C06/STAR/010

23 Statens Luftfartsvaesen Exhibit D, Page 1 Civil Aviation Administration - Denmark SIV Air Operator Certificate No DK 003 On behalf of the Civil Aviation Administration, Denmark a member of the Joint Aviation Authorities, it is hereby certified that Star Air A/S of Copenhagen Airport South DK2791 Dragoer Denmark has satisfied the Operator Certification requirements prescribed in JAR-OPS, the Civil Aviation Acts of Denmark and the Regulations prescribed thereunder and has been found competent to conduct Commercial Air Transport Operations, subject to the conditions of the attached Operations Specifications. This certificate is not transferable and, unless sooner surrendered, suspended or revoked, shall continue in effect until 31 March Issued at: Copenhagen Signature: Date: 03 rd March 2003 Name: Asbo Holse Title: Chief of Operations Division l sl Safety Inspection Department

24 Statens Luftfartsvassen Exhibit D, Page 2 Civil Aviation Administration - Denmark Air Operator Certificate No DK-003 Operations Specifications Star Air A/S A) Types of Operations Commercial Air Transportation A1 A2 Passengers Cargo B) Types of Aircraft CL604 A1.A2 Passengers, A2 Cargo C) Areas of Operation CL604 ICAO World ICAO EUR, I D) Special Limitations E) Special Authorisations/Approvals CL604 E01 Cat II Minimum RVR 300 metres, DH 100 feet E01 Cat II Minimum RVR 300 metres, DH 100 feet E02 Cat MIA Minimum RVR 200 meters, DH 50 feet EOS Cat NIB Minimum RVR 75 metres, No DH CL604 EOS Take-off Minimum RVR 125 meters EOS Take-off Minimum RVR 125 meters CL604 E06 MNPS area ICAO NAT CL604 EOS B-RNAV P-RNAV B-RNAV P-RNAV JAA Form 100 CAA-DK AOC No: DK-003 Ops. Specs, page 1 of 2 26 February 2007

25 Statens Luftfartsvaesen Civil Aviation Administration - Denmark Exhibit D, Page 3 E) Special Authprisatjpns/Appro_v.als CL E09 RVSM ICAO EUR, NAT E09 RVSM ICAO EUR, NAT Ail E11 Dangerous Goods F) Aircraft Registration Marks CL OY-MMM OY-SRF, OY-SRG, OY-SRH, OY-SRI, OY-SRJ, OY-SRK, OY-SRL, OY-SRM, OY-SRN, OY-SRO, OY-SRP Issued by: Signature: Name: B0rge Munk Alrninde Title: Flight Operations Inspector Date: 26 February 2007 JAAI-orm 100 CAA-DK AOC No: DK-003 Ops. Specs, page 2 of 2 26 February 2007

26 Exhibit E, Page 1 TRANSLATION EU Operating Licence for STAR AIR A/S This is to certify that the following text is a true and faithful translation of the original document in the Danish language produced to me and attached hereto. Witness my hand and stamp of office, Certified translator and interpreter of /Er0sk0bing, Denmark, this 27th day of March 2007

27 Statens Luftfartsvaesen Civil Aviation Administration - Denmark Exhibit E, Page 2 SLV Star Air A/S Copenhagen Airport South DK-2791 Drager Attn. Jesper Parup [STAMP] Received 21 MAR 2007 Date: 20 March 2007 Your letter dated: Our ref.: Your ref: Case Attendant: Anders Wiberg Ex-dir. No [STAMP! COPY [HANDWRITING] P.V.C. True copy [signed] Jesper Parup 21 March 2007 Subject: New EU operating licence On this day, the Civil Aviation Administration - Denmark (SLV) has issued a new operating licence to Star Air A/S to carry out commercial air transport. The license is in replacement of previous license issued on 13 August 1996, and has been issued for the sole purpose of correcting editorial errors. Yours faithfully, [SIGNED] Anders Wiberg Budget/Financial Regulation Page 1 of 1 Ministry of Transport and Energy Luftfartsnuset Box 744 Ellebjergvej 50 DK-2450 Copenhagen SV Phone Fax Office Hours Friday dcaa0)slv.dk Web: wvyw.slv.dk CVR(Central Business Reg.No.): EAN:

28 Statens Luftfartsvassen Civil Aviation Administration - Denmark Exhibit E, Page 3 SLV OPERATING LICENCE TO CARRY OUT COMMERCIAL AIR TRANSPORT (EU Operating Licence) Reference: DK-003 Star Air A/S Copenhagen Airport South DK-2791 Drag0r Denmark [STAMP] COPY [HANDWRITING] P.V.C. True copy [signed] JesperParup 21 March 2007 In pursuance of Section 75, cf. Section 78, of the Danish Air Navigation Act, cf. Consolidation Act No. 769 of 16 August 2000 and Council Regulation (EEC) No 2407/92 of 23 July 1992 on licensing of air carriers and with reference to Council Regulation (EEC) No 2408/92 of 23 July 1992 on access for Community air carriers to intra-community air routes and Council Regulation (EEC) No 2409/92 of 23 July 1992 on fares and rates for air services, and agreement of 22 July 1992 between the Community and Norway and Sweden as amended on 22 July 1994 on civil aviation with the amendments following from Treaty concerning the Accession of the Kingdom of Norway, the Republic of Austria, the Republic of Finland and the Kingdom of Sweden to the European Union, cf. Official Journal 1994, C 241, the Civil Aviation Administration - Denmark hereby grants the above undertaking an operating licence to carry out commercial carriage by air of passengers, mail and/or cargo for remuneration and/or hire with aircraft having a maximum take off mass (MTOM) of 10,000 kg and above or with 20 passenger seats and above. Article 1. The operation shall be carried out in accordance with the EEC Regulations and Danish laws and regulations applicable from time to time. Article 2. The licence does not confer in itself any rights of access to specific routes or markets. The provisions under Council Regulation No. 2408/92 of 23 July 1992 shall apply to air carriage within the Community and the countries which, following agreement with the Community, have acceded to this Council Regulation. Carrying out scheduled air services outside the areas covered by Council Regulation No. 2408/92 shall require that permission is granted by the Danish Ministry of Transport to service specific routes. The regulations in BL 10-1 apply to charter flights outside the areas covered by Council Regulation No. 2408/92. on RA^^U oj-irt "1 r\f

29 Statens Luftfartsvassen Civil Aviation Administration - Denmark Exhibit E, Page 4 SLV Article 3. Licence holder shall have his main activities and any head office/domicile in the legal sense in Denmark. The licence holder's main occupation shall be air transport in isolation or combined with any other commercial operation of aircraft or repair and maintenance of aircraft. Article 4. Licence holder shall at all times be owned by EU member states, Norway, Iceland or states which may from time to time have entered agreement with the Community on accession to Council Regulation (EEC) No. 2407/92 of 23 July 1992, and/or nationals in these states, either directly or by holding the majority of the ownership. The licence holder shall at all times be effectively controlled by such states or such nationals. Any undertaking which directly or indirectly participates in a controlling shareholding in the licence holder's company shall meet the same requirements. The licence holder shall at all times upon request from CAA Denmark be able to demonstrate that the requirements of paragraphs 1 and 2 hereof have been met. Article 5. Licence holder shall notify in advance the CAA Denmark any intended mergers or transfers and shall also notify the CAA Denmark within fourteen days of any change in the ownership of any single shareholding which represents 10% or more of the total shareholding of the air carrier or of its parent or ultimate holding company. Licence holder shall also notify the CAA Denmark of other changes in the legal situation of the undertaking. The CAA Denmark shall decide whether the operating licence shall be resubmitted for approval in case of change in one or more elements affecting the legal situation of the undertaking and, in particular, in the case of mergers or takeovers. Article 6. Establishment of common operation with other air carriers shall not take place without the approval of the CAA Denmark. Article 7. Licence holder shall notify CAA Denmark at least two months prior to an intended implementation of changes in the business plan approved by the CAA Denmark or of elements affecting this, including any plans for operation of new scheduled services or non-scheduled services to a continent or world region not previously served by licence holder and substantial changes in the scale of its activities. r\r\» 1- nnn-7 r-i ^ _r

30 Statens Luftfartsvaesen Civil Aviation Administration - Denmark Exhibit E, Page 5 SLV Article 8. If the CM Denmark deems the changes notified under Articles 5-7 to have a significant bearing on the finances of the air carrier, it may require the submission of a revised business plan incorporating the changes in question and covering, at least, a period of 12 months from its date of implementation, as well as all the relevant information to assess whether the licence holder can meet its existing and potential obligations during that period of 12 months. Article 9. The CM Denmark may, at any time and in any event whenever there are clear indications that financial problems exist with the licence holder, assess its financial performance and may suspend or revoke the licence if the CAA Denmark is no longer satisfied that the licence holder can meet its actual and potential obligations for a 12-month period. Article 10, Licence holder shall provide to the CAA Denmark every financial year without undue delay the audited accounts relating to the previous financial year. At any time upon request of the CM Denmark, licence holder shall provide the information relevant for the purposes of Article 9. Article 11. Application for approval of traffic programs to areas outside the areas covered by Council Regulation No. 2408/92 shall be submitted to the CAA Denmark 30 days prior to the time of implementation. Traffic programs to areas covered by Council Regulation No. 2408/92 shall be notified to the CAA Denmark 30 days prior to the time of implementation. Article 12. Licence holder shall each year provide the CM Denmark with its air traffic statistics, including the number of passengers carried. Article 13. Air fares and conditions for Danish domestic traffic shall be notified to the Ministry of Transport, prior to the initiation of sale. When carrying out scheduled services outside the areas covered by Council Regulation No. 2408/92, including scheduled services to the Faeroe Islands and Greenland, passenger fares and relevant conditions shall be provided for the approval of the Ministry of Transport not later than 30 days prior to their time of implementation. Advertising and sale shall not commence until the approval by the Ministry of Transport is available.

31 Statens Luftfartsvassen Civil Aviation Administration - Denmark Exhibit E, Page 6 SLV Article 14. On each aircraft used, an insurance policy shall be taken out, with a company approved by the CM Denmark, to insure against the liability as stipulated in the Air Navigation Act to cover claims for compensation for personal injury or damage to property outside the aircraft, cf. Section 130 of the Danish Air Navigation Act. Also a policy shall be taken out on each aircraft to insure against the liability for personal injury to passengers and damage to cargo, cf. Chapter 9 of the Danish Air Navigation Act. Documentation for insurance policies taken out shall be submitted to the CAA Denmark. Article 15. The granting and validity at any time of an operating licence shall be dependent upon the licence holder's possession of a valid Air Operators Certificate (AOC), issued by the CAA Denmark, specifying the activities covered by the operating licence. The activities shall be operated in accordance with the technical/operative stipulations in force from time to time (EEC regulations, the Air Navigation Act, ministerial orders and regulations and Regulations for Civil Aviation (the BL series)). The activities shall in their entirety be controlled by the inspection of the CAA Denmark. Licence holder shall comply with any orders from the CAA Denmark within the relevant time limit and it shall provide the CAA Denmark with any information it may wish. The supervising staff of the CAA Denmark shall have unimpeded access to the premises, aircraft, spare parts and tools, etc. and documentation of the licence holder. In connection with their performance of supervision, the staff of the CAA Denmark shall have free transportation by the aircraft used by the licence holder. Only aircraft stated in the AOC shall be permitted for use. The aircraft shall be registered in Denmark and be under the full right of disposal of the licence holder. Changes in the right of disposal shall immediately be notified to the CAA Denmark, Where licence holder wishes temporarily to use aircraft registered abroad (dry-lease) or to charter from another operator (wet-lease), this shall be approved in advance by the CAA Denmark. Article 16. The CAA Denmark reserves its right to make a renewed assessment of the licence holder one year from the issue of this present licence and every five years thereafter. Article 17. When licence holder has ceased operations for six months or has not started operations for six months after the granting of this present operating licence, the CAA Denmark shall decide whether the operating licence shall be resubmitted for approval.

32 Statens Luftfartsvaesen Civil Aviation Administration - Denmark Exhibit E, Page 7 SLV Article 18. Licence holder shall be obliged to carry mail in accordance with the stipulations laid down by laws and regulations. Article 19. Under extraordinary circumstances, licence holder shall be obliged against full compensation to make transport capacity available in accordance with conditions made by the Ministry of Transport. Article 20. The CAA Denmark can amend the current terms and regulations and determine further terms and regulations which it may consider necessary to ensure that the undertaking is operating appropriately and satisfactorily in the general interest of the public. Article 21. Where licence holder commences winding-up proceedings, is administered in bankruptcy or applies for an administration order, the CAA Denmark shall be notified accordingly. The estate, or in case of a notified administration order the administrator, may temporarily continue activities subject to the approval of the CM Denmark for the purpose of winding-up, sale or financial reconstruction of the company. Article 22. The CAA Denmark may revoke this present operating licence in case of violation of the regulations laid down for it or of current EEC Regulations or of Danish laws and regulations concerning air transport activities. The operating licence may also be revoked if the company's principal shareholders, shareholders or managing director is convicted of violating the Danish Criminal Code or the Air Navigation Act. The operating licence shall be revoked if licence holder commences winding-up proceedings, is administered in bankruptcy or applies for an administration order, and the CAA Denmark finds that there is no possibility for a temporary continuation of the operation of the undertaking in pursuance of Article 21. on ftn n^ni^

33 Statens Luftfartsvaesen Civil Aviation Administration - Denmark Exhibit E, Page 8 SLV Article 18. Licence holder shall be obliged to carry mail in accordance with the stipulations laid down by laws and regulations. Article 19. Under extraordinary circumstances, licence holder shall be obliged against full compensation to make transport capacity available in accordance with conditions made by the Ministry of Transport. Article 20. The CAA Denmark can amend the current terms and regulations and determine further terms and regulations which it may consider necessary to ensure that the undertaking is operating appropriately and satisfactorily in the general interest of the public. Article 21. Where licence holder commences winding-up proceedings, is administered in bankruptcy or applies for an administration order, the CAA Denmark shall be notified accordingly. The estate, or in case of a notified administration order the administrator, may temporarily continue activities subject to the approval of the CAA Denmark for the purpose of winding-up, sale or financial reconstruction of the company. Article 22. The CAA Denmark may revoke this present operating licence in case of violation of the regulations laid down for it or of current EEC Regulations or of Danish laws and regulations concerning air transport activities. The operating licence may also be revoked if the company's principal shareholders, shareholders or managing director is convicted of violating the Danish Criminal Code or the Air Navigation Act. The operating licence shall be revoked if licence holder commences winding-up proceedings, is administered in bankruptcy or applies for an administration order, and the CAA Denmark finds that there is no possibility for a temporary continuation of the operation of the undertaking in pursuance of Article 21. r> c ~r n

34 Statens Luftfartsvaesen Civil Aviation Administration - Denmark Exhibit E, Page 9 SLV Issued on 20 March 2007 by: Signature: [signed] 1 [signed] Name: Anders Wiberg Keld Ludvigsen Copy to: The Commission of the European Union in K/lnr'^K Or\A"7 p!.,, i^> f **

35 Exhibit E, Page 10 Statens Luftfartsvaesen Civil Aviation Administration - Denmark Star Air A/S K0benhavns Lufthavn Syd 2791 Drag0r Att. Jesper Parup 21 ms. Dato: 20. marts 2007 Deres brev af; Vor ref.: Deres ref.: Sagsbehandler: Anders Wiberg Direkte nr.: Emne: Ny EU-licens Statens Luftfartsvassen (SLV) har d.d. udstedt en ny licens ti! ud0velse af erhvervsmeessig lufttransportvirksomhed til Star Air A/S. Licensen erstatter tidligere udstedt licens af 13. august 1996, og er udstedt alene for at udbedre redaktionelle fejl. Anders Wibj&rg Budget/0Ronomisk regulering Side 1 af 1 Luftfartshuset Box 744 Ellebjergvej Kabenhavn SV Telefon Fax Abningstid Fredag E-post: dcaa@slv.dk Hjemmeside: CVR: EAN:

36 Exhibit E, Page 11 Statens LuftfartsvaBsen Civil Aviation Administration - Denmark LICENS TIL UD0VELSE AF ERHVERVSM/ESSIG LUFTTRANSPORTVIRKSOMHED (EU Operating Licence) Reference: DK-003 Star Air A/S K0benhavns Lufthavn Syd 2791 Dragar Denmark I medf0r af 75, jf. 78, i lov om luftfart, jf. Iovbekendtg0rslse nr. 769 af 16. august 2000 og Radsforordning nr. 2407/92 af 23. jull 1992 om udstedelse af licenser til luftfartsselskaber og med henvisning til Radsforordning nr. 2408/92 af 23. juli 1992 om EF-luftfartsselskabers adgang til luftruter inden for Fasllesskabet og nr. 2409/92 af 23. jull 1992 om billetpriser og rater Inden for luftfart, samt aftale mellem Faeliesskabet og Norge og Sverige af 22. juli 1992 med asndring af 22. juli 1994 om civil luftfart med de sendringer, der f0lger af Traktat om Kongeriget Norges, Republikken 0strigs, Republikken Finlands og Kongeriget Sveriges tiltrasdelse af den Europeeiske Union, jf. EF-Tidende 1994, Nr. C 241, meddeler Statens Luftfartsveesen herved ovenstaende licens til at udf0re erhvervsmasssig lufttransportvirksomhed med passagerer, post og/eller fragt mod vederiag med Iuftfart0jer med en maksimal tilladt startmasse (MTOM) pa 10 tons og derover eller med 20 passagersasder og derover. 1. Virksomheden skal udoves i overens stem m else med de til enhvertid geeldende EF-forordninger samt danske love og bestemmelser. Llcensen giver ikke i sig selv adgang til specifikke ruter eller markeder. 2. Bestemmelserne i Radsforordning nr. 2408/92 af 23. juli 1992 gaslder for lufttransport inden for FaBllesskabet og de lande, der efter aftale med Fasllesskabet har tilsluttet sig denne Radsforordning. Udf0relse af ruteflyvning uden for de omrader, der er omfattet af Radsforordning nr. 2408/92, forudsastter, at der af Trafikministeriet er givet tilladelse til beflyvning af konkrete ruter. For udf0relse af charterflyvning uden for de omrader, der er omfattet af Radsforordning nr. 2408/92, geelder bestemmelserne ibl Marts 2007 ' Side 1 af 6

37 Exhibit E, Page 12 Statens Luftfartsvaesen Civil Aviation Administration - Denmark 3. Licenshaveren skal have sin hovedvirksornhed og sit eventuelle hovedkontor/hjemsted i retlig henseende beliggende i Danmark. Licenshaverens hovedbeskeeftigelse skal vasre lufttransport alene eller kombineret med anden erhvervsmasssig udnyttelse af Iuftfart0jer eller reparation og vedligeholdelse heraf. 4, Licenshaveren skal til enhver tid v^re ejet af EU-medlemsstater, Norge, Island eller stater, som til enhver tid matte have indgaet aftale med Fsellesskabet om tilslutning til Radets forordning (E0F) nr. 2407/92 af 23. juii 1992, og/eller statsborgere i disse stater, ertten direkte eller ved besiddelse af majoriteten af ejerskabet. Licenshaveren skal til enhver tid vaere undergivet disse staters eller stats borgeres effektive kontrol Ethvert foretagende, der direkte eller indirekte har en andel i en kontrollerende aktiepost i licenshaverens virksomhed, skal opfylde samme krav. Licenshaveren skal til enhver tid p& Statens Luftfartsvaasens anmodning kunne godtg0re, at kravene i stk. 1 og 2 er opfyldt. 5. Licenshaveren skal pa forhand underrette Statens Luftfartsvassen om patasnkte fusioner eller overdragelser og skal endvidere indert 14 dage efter stedfundet ejerskifte underrette Statens Luftfartsvaasen, nar der er tale om overdragelse af en enkelt aktiepost, der udg0r 10% eller derover af de samiede aktiebesiddelser i luftfartsselskabet eller i dets moderselskab eller endelige holdingselskab. Licenshaveren skal i 0vrigt underrette Statens Luftfartsvsesen om andre sendringer i foretagendets juridiske status, Statens Luftfartsvsesen bestemmer, om licensen skal foreleegges til fornyet godkendelse i tilfselde af eendringer i et eller flere forhold, der berarer foretagendets juridiske status, navnlig i tilfselde affusion eller overtagelse. 6. Etablering af faelles drift med andre luftfartsforetagender ms ikke ske uden Statens Luftfartsvaesens godkendelse. 7. Licenshaveren skal underrette Statens Luftfartsvaesen mindst 2 maneder forud for patsenkt ivasrkseettelse af asndringer i den af luftfartsvassenet godkendte forretningsplan eller i forhold, der indgar i denne, herunder planer vedrerende beflyvning af nye ruter eller ny chartertrafik til et kontinent eller en del af verden, som licenshaveren ikke tidligers har bef!0jet, samt betydelige asndringer i omfanget af sin virksomhed. 20. Marts 2007 Side 2 af 6