Guidelines in the Filing of Application for Registration Under Book 1 of the Omnibus Investments

BOI FORM N-501 APPLICATION NO.: ______DATE ACCEPTED : ______

REPUBLIC OF THE PHILIPPINES BOARD OF INVESTMENTS

APPLICATION FOR REGISTRATION (AIR TRANSPORT) UNDER BOOK I OF THE OMNIBUS INVESTMENTS CODE OF 1987, AS AMENDED (EXECUTIVE ORDER NO. 226)

I. PROPONENT

NAME OF ENTITY : ______OFFICE ADDRESS : ______NAME OF PROJECT : ______SEC/REGISTRATION NO./DATE : ______IPP CATEGORY : ____ Regular List ____ Mandatory List ____ Export Activities LOCAL –FOREIGN OWNERSHIP RATIO : ___ % Filipino ___ % Foreign ______(Nationality) II. CONTACT DETAILS

AUTHORIZED REPRESENTATIVE TO BOI/POSITION : ______(attached Board Resolution Appointment) EMAIL ADDRESS : ______LANDLINE/CELLPHONE NUMBER : ______FAX NUMBER: ______OFFICE ADDRESS : ______III. PROJECT PROFILE PROJECT COST(Refer to Schedule 1):

PROJECT DESCRIPTION:

TYPE OF PROJECT:

 New: ______ Expansion: ______

 Start of Commercial Operation: ______ % increase in capacity: ______

 Capacity: ______

STATUS: ______Pioneer ______Non-Pioneer

1 Schedule 1: Project Cost (PhP’000) Activity Related Schedule Pre- Start of Total Expenses (Month/ operating Commercial Year) Stage Operation Acquisition of Aircraft Cost of Aircraft Delivery of Aircraft Ferry/ Legal Cost Start of Commercial Working Operations Capital* TOTAL PROJECT COST * Covers the first three (3) months of operations.

Schedule 2: Net Value Added [(Cost of Services- Cost of Purchases)/Cost of Services] Year Particulars 1 2 3 4 5 Total Cost of Services (PhP’000) Total Cost of Purchases* (PhP’000) Net Value Added * Includes Food, Supplies and Fuel costs.

Schedule 3: Job Generation Number of Personnel Annual Payroll (P’000) Classification Y1 Y2 Y3 Y4 Y5 Y1 Y2 Y3 Y4 Y5 Direct Labor Indirect Labor Selling/Admin Managers Supervisors Total

Schedule 4: Project Financing (total should equal to project cost) Amount (PhP '000) % Equity Bank Loan Others (specify) Total 100

Schedule 5: Current Stockholders’ Profile (as of filing date) Capital Stock (PhP) % Ownership Name Nationality Subscribed Paid-up 1. 2. 3. 4. 5. Total

2 NAME POSITION PROFILE (brief info about the stockholder, e.g., business affiliation and/or experience) 1. 2. 3. 4. 5.

Schedule 6: Projected Revenue Year 1 Year 2 Year 3 Year 4 Year 5 Cumulative Flight Hours Passenger Count (Pax) Excess Baggage Volume (Kg) Cargo Volume (Kg) REVENUE (PhP) Net Passenger Revenue Excess Baggage Cargo Revenue Other Revenue* Total *Specify

Schedule 7: Target Market Market Category 1.

Schedule 8: Specific Route/s Route Current Additional Projected Weekly Weekly Weekly Frequency Frequency Frequency

Schedule 9: Status of Licensing, Permits, Consents Licenses / Permits (indicate applicable only) Number Date Issued SEC Registration Civil Aeronautics Board (CAB) Endorsement

3 Schedule 10: List of Equipment Source (Write Descriptio LS if Chec Chec Chec Qty Unit Total n / Type AHTN 3 Locally End- k  k if k if (No. of Cost Cost of Code Sourced use 7 if 4 5 6 units) (Php) (Php) Machine or I if Importe d)

Total: 3 ASEAN Harmonized Tariff Nomenclature 4 Already acquired 5 Already installed 6 For acquisition 7 Application or manufacturing stage where the equipment will be used

Schedule 11: Financial Projections

Income Statement (10 years projection): (preferably in Excel format) presented in two sets: (i) Projections WITH Income Tax Holiday (ITH); and, (ii) Projections WITHOUT Income Tax Holiday.  Assumptions used in Financial Projections

ATTACHMENTS: a. Perspective View of the Aircraft. b. Schematic Diagram showing Forward-Backward Linkages. c. Schematic diagram showing the Business Model of the activity being registered (clearly indicate how/where the proponent will source its food, supplies, equipment as well as earn revenues and make profit). d. SEC Certificate of Registration, Articles of Incorporation and By-Laws, General Information Sheet (GIS) e. Audited Financial Statements (for the past 3 years, if applicable) f. Secretary’s Certificate authorizing representative g. List of BOI-registered Projects showing compliance with the Terms & Conditions, Status of Operation and Incentives Availed h. CAB Endorsement i. Publisher’s Affidavit of Publication of Notice

The applicant has read the Omnibus Investment Code of 1987 and the Rules and Regulations adopted by the BOI and commits itself to abide by the provisions thereof.

DONE IN THE CITY OF ______THIS ______DAY OF ______20__.

Applicant/Authorized Officer REPUBLIC OF THE PHILIPPINES CITY/PROVINCE OF ______) S.S. MUNICIPALITY OF ______)

SUBSCRIBED AND SWORN to before me this ______day of ______20__ in the City/Province of ______affiant exhibited to me his CTC No. ______issued on ______at _____City.

4 NOTARY PUBLIC

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