FAIRBANKS INTERNATIONAL AIRPORT Fairbanks, Alaska

PFC Quarterly Report - Receipts Collected For the Quarter Ending June 30, 2011

Collection Authority: Application # 06-02-C-00-FAI $33,217,000.00

Total Collection Authority $33,217,000.00

PFC Receipts Received Air Carriers Current Quarter Previous Quarters Cumulative

Aer Lingus 0.00 4.39 4.39 Aeromexico 0.00 26.34 26.34 Air Canada 1,993.06 5,130.04 7,123.10 Air France 245.62 1,979.89 2,225.51 Air New Zealand 13.17 404.10 417.27 Air Pacific 0.00 175.60 175.60 , Inc 261,809.52 4,473,778.10 4,735,587.62 Alitalia Airlines 0.00 8.78 8.78 All Nippon Airways Co. 13.17 35.12 48.29 Aloha Airlines 0.00 4.39 4.39 America West Airlines 0.00 1,771.14 1,771.14 5,527.73 61,184.57 66,712.30 American Trans Air 0.00 100.75 100.75 Asiana Airlines 100.53 2,643.65 2,744.18 Austrian Airlines 0.00 136.01 136.01 Avianca 0.00 8.99 8.99 Big Sky Airlines 0.00 4.39 4.39 British Airways 215.11 4,636.27 4,851.38 Cathay Pacific Airways 4.39 43.79 48.18 Champion Air 0.00 237.06 237.06 China Airlines 21.62 3,803.90 3,825.52 Condor Flugdienst, GMBH 2,421.30 19,455.04 21,876.34 Continental Airlines 1,898.00 28,935.44 30,833.44 Czech Airlines 0.00 26.34 26.34 Delta Airlines 31,662.76 266,122.21 297,784.97 Emirates 35.12 26.34 61.46 Era Aviation, Inc. 1,246.76 6,225.02 7,471.78 EVA Airways 30.73 487.29 518.02 Finnair 0.00 21.95 21.95 , Inc. 10,549.70 33,145.21 43,694.91 Great Lakes Aviation 0.00 8.78 8.78 87.47 857.36 944.83 Iberia Airlines of Spain 0.00 13.17 13.17 Japan Airlines International Co. 2,145.06 98,914.34 101,059.40 Jet Blue 0.00 298.52 298.52 KLM Royal Dutch Airlines 26.34 166.77 193.11 Korean Air Lines 307.30 3,014.83 3,322.13 Lan-Chile Airlines 0.00 57.07 57.07 Lufthansa German Airlines 21.95 2,062.05 2,084.00 Malaysia Airlines 0.00 8.78 8.78 Mexicana Airlines 0.00 105.36 105.36 Midwest Aviation 0.00 2,244.92 2,244.92 Missionary Repair Center 26.80 0.00 26.80 Midwest Express 0.00 35.12 35.12 Northwest Airlines, Inc. 0.00 392,724.54 392,724.54 Peninsula Airways, Inc. 13.17 1,453.09 1,466.26 Polish Airlines 0.00 17.56 17.56 Qantas Airways 4.39 1,237.86 1,242.25 0.00 860.22 860.22 Scandinavian Airlines 0.00 947.80 947.80 Singapore Airlines 8.78 83.41 92.19 South African Airways 0.00 30.73 30.73

Page 1 of 5 Swiss Air 0.00 4.39 4.39 Transportes Aeros Meridionis T 0.00 52.68 52.68 5,132.20 43,642.50 48,774.70 US Airways 1,087.73 11,945.03 13,032.76 Virgin Atlantic 0.00 17.56 17.56 Virgin Blue 65.85 153.65 219.50 Total PFC Receipts Received From Air Carriers 326,715.33 5,471,520.20 5,798,235.53 Interest Earned 10,865.51 113,003.50 123,869.01 Excess Revenue from APP 99-01-C-00-FAI 670,153.00 670,153.00

Total PFC Receipts $337,580.84 $6,254,676.70 $6,592,257.54

Page 2 of 5 PFC Quarterly Report - Project Expenditure Activity

Public Agency: State of Alaska, DOT & PF Use Airport: Fairbanks International Airport (FAI) Quarter Ending: June 30, 2011

Projects Approved for Date for Charge Est Project Est Project Expenditures Expenditures Current Est. Authority to Impose and Use Use & Expiration Approved Implement Complete For Current For Previous Cumulative Amount of Costs To Be PFC Revenues Impose Date Level Date Date Quarter Quarters Expenditures Use Approval PFC Funded

1 . Terminal Improvement - Design Phase 7/20/00 10/1/06 $ 4.50 9/1/01 6/30/03 $ - $ 395,843.00 Construction Phase 7/20/00 10/1/06 $ 4.50 12/31/05 2,449,511.00 $ 2,845,354.00 $ 3,103,920.00 $ 2,845,353.58 2 . Safety Equipment (ARFF & SRE) (Pay as you go projects) 7/20/00 10/1/06 $ 4.50 7/1/00 6/30/05 1,499,818.00 $ 1,499,818.00 1,505,000.00 1,499,817.85 3 . Maintenance Facility - Design Phase 7/20/00 10/1/06 $ 4.50 9/1/01 6/30/03 140,268.00 Construction Phase 7/20/00 10/1/06 $ 4.50 710,812.00 $ 851,080.00 851,080.00 851,080.00

Total on Application 99-01-C-00-FAI $ - $ 5,196,252.00 $ 5,196,252.00 $ 5,460,000.00 $ 5,196,251.43

1 . Snow Removal Equipment (Pay as you go projects) 4/4/06 10/1/26 $ 4.50 12/1/04 2/15/07 $ - $ 817,000.00 $ 817,000.00 $ 817,000.00 $ 817,000.00 2 . Terminal Renovations & Expansion (PFC payments to debt service) 4/4/06 10/1/26 $ 4.50 10/1/03 12/31/09 $ 1,200,000.00 $ 4,225,480.39 $ 5,425,480.39 32,400,000.00 32,400,000.00

Total on Application 06-02-C-00-FAI $ 1,200,000.00 $ 5,042,480.39 $ 6,242,480.39 $ 33,217,000.00 $ 33,217,000.00

Total All Applications $ 1,200,000.00 $ 10,238,732.39 $ 11,438,732.39 $ 38,677,000.00 $ 38,413,251.43

Page 3 of 5 PFC Quarterly Report - Revenue Receipts & Project Expenditure Summary

Public Agency: State of Alaska, DOT & PF Use Airport: Fairbanks International Airport (FAI) Quarter Ending: June 30, 2011

A. PFC COLLECTIONS & INTERESTS

Prior Quarter Current Current Cumulative Authorizing Reported Quarter Quarter Collections Document (Cumulative) Revenue Earned Interest Earned to Date

99-01-C-00-FAI $5,196,252.00 $ - $ - $5,196,252.00

06-02-C-00-FAI $6,254,676.70 326,715.33 10,865.51 6,592,257.54

TOTAL $ 11,450,928.70 $ 326,715.33 $ 10,865.51 $ 11,788,509.54

B. AUTHORITY AND PROJECT EXPENDITURES SUMMARY

Charge Previous Cumulative Current Quarter Quarter-end Cumulative Unliquidated Authorizing Date for Expiration Approved Authority Collections Expenditures Collections Expenditures Collections PFC Revenue Document Use & Impose Date Level Impose Use & Interest & Interest & Interest Expenditures Balance

99-01-C-00-FAI 7/20/2000 10/1/2006 $ 4.50 $ 5,460,000.00 $ 5,460,000.00 $ 5,196,252.00 $ 5,196,252.00 $0.00 $ - $ 5,196,252.00 $ 5,196,252.00 $ -

06-02-C-00-FAI 4/4/2006 10/1/2026 $ 4.50 33,217,000.00 33,217,000.00 $6,254,676.70 5,042,480.39 $ 337,580.84 1,200,000.00 6,592,257.54 6,242,480.39 $ 349,777.15

TOTAL $ 38,677,000.00 $ 38,677,000.00 $ 11,450,928.70 $ 10,238,732.39 $ 337,580.84 $ 1,200,000.00 $ 11,788,509.54 $ 11,438,732.39 $ 349,777.15

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