Qualifications

1. Accredited Senior Appraiser of the American Society of Appraisers, as well as Senior
Course Developer and Senior Instructor.

2. Embry-Riddle Aeronautical University Adjunct Professor of Technical Management –
Professional Valuation Specialty, Member Board of Trustees

3. Board of Directors-National Aircraft Finance Association (2001-2004)

4. Have authored the following white papers for the aerospace/valuation industry and
have participated in the following listed seminars/presentations:

Annual Educational Seminars for NAFA (National Aircraft Finance Association) on
Aircraft appraisal/valuations and asset management audits seminar (seminar
developer and instructor).

1998: San Antonio, Texas
1999: Kiawah Island, South Carolina
2000: Rancho Bernardo, California
2001: Naples, Florida
2002: Tucson, Arizona
2003: Savanna, Georgia
2004: Napa Valley, California
2005: Aventura, Florida
2006: Laguna Niguel, California
2007: Naples, Florida
2008: San Antonio, Texas
2009: Ft. Lauderdale, FL

1999 – Pre-Owned Pricing – Speaker: “Direction and Residual Value Projections”
(Dassault Falcon Jet Aviation Professional Conference (May 1999), Teterburo, New Jersey
(presentation/white paper).

2001-American Society of Appraisers International Annual Conference- Speaker:
“Aircraft Appraisals” Pittsburgh, PA

2006- Chicago American Society of Appraisers Chapter Aviation Seminar –
Speaker: “The State of the Aviation Industry Seminar”, Rockford, IL (April 2006)

2006 – Speaker: Seminar “VLJ Market, Aircraft/Helicopter Appraisal Procedures and
inspections”, Rockford, IL (May 2006)

2006-2007- Authored: “The Truth About Fractional Aircraft”: American Society of
Appraisers, The Machinery and Technical Specialties Journal (White Paper)

2009- 14th Annual Corporate Aircraft Transaction Conference, Speaker: “Preserving and
Maximizing The Value of Aircraft” New York (June 2009)

2009- American Society of Appraisers International Annual Conference- Speaker:
“Aircraft Appraisals and Specific Assignments” -Orlando, FL (July 2009)

Gerson Lehman Group- Roundtable Group & Vista Research- Consultant to these
research firms. Monthly consultation on Aerospace

ASA (American Society of Appraisers) Senior Course Instructor for ME 201AS/202AS taught 2-3 times a year.

Co-Authored “Valuating Machinery and Equipment: The Fundamentals of Appraising
Machinery and Technical Assets (Third Edition): American Society of Appraisers (2009)

4.0 Compensation:

• In court testimony $600.00 per hour
• Depositions $500.00 per hour
• File review/preparation $300.00 per hour
• Consulting services $400.00 per hour
• Travel $200.00 per hour
• Arbitration/Mediation $600.00 per hour

5.0 Expert Witness Participation:

I have testified as an expert witness at trial or deposition in the following cases within the
preceding eight years:

I have previously provided expert testimony with regard to Aircraft Valuations and Diminution of
Value in the following matters:

1. Pittsburgh (February 1998)
Damaged Citation – Mediation, Aircraft Value and Diminution of Value

2. Los Angeles (July 1999)
Damaged Gulfstream G-IV – Mediation, Aircraft Value and Diminution of Value

3. Portland (February 2000)
Damaged G-II – Mediation, Aircraft Value and Diminution of Value

4. San Francisco (March 2000)
Damaged G-III – Mediation, Aircraft Value and Diminution of Value

5. Virgin Islands (August 2000)
Damaged Falcon 900B – Trial, Aircraft Value and Diminution of Value

6. Dallas, Texas (January 2002)
Damaged G-V – Mediation, Aircraft Value and Diminution of Value

7. Chicago, Illinois (April 2002)
Damaged Prop-Jet Bonanza – Deposition, Aircraft Value and Diminution of Value

8. San Antonio, Texas (August 2003)
Ownership dispute – Deposition, Aircraft Value

9. Wilmington, Delaware (October 2003)
Damaged Falcon 200 – Trial, Aircraft Value and Diminution of Value

10. Rupert, Idaho (January 2004)
Recovery of Aircraft and Resale – Trial, Retrospective Aircraft Value

11. Rockford, Illinois (May 2004)
Destroyed Aircraft (crash) – Deposition, Retrospective Aircraft Value

12. Dallas, Texas (April 2005)
Deposition, Aircraft Value

13. Dallas, Texas (August 2005)
Ownership Dispute – Trial, Aircraft Value

14. Los Angeles, California (September 2005)
Deposition, Aircraft Value and Diminution of Value

15. Los Angeles, California (October 2005)
Deposition, Aircraft Value, Future Values

16. Los Angeles, California (October 2005)
Deposition, Aircraft Value

17. Los Angeles, California (November 2005)
Arbitration – Aircraft Value

18. Chicago, Illinois (Sept. 2006)
Deposition, Aircraft Value

19. Jacksonville, Florida (November 2006)
Damaged Lear 31A – Trial, Aircraft Value and Diminution of Value

20. Rockford, Illinois (September 2007)
Deposition Cessna Caravan, Aircraft Value and Diminution of Value

21. Wheaton, IL (November 2006)
Ownership Dispute – Trial, Helicopter Value

22. Phoenix, AZ (November 2006)
Trial Helicopter Value

23. Dallas, TX (December 2007)
Ownership Dispute – Trial, Aircraft Value

24. San Antonio, TX (January 2008)
Damaged Boeing BBJ – Arbitration

25. Chicago, IL (September 2008)
Deposition-Damaged Cessna CJ

26. Chicago, IL (January 22, 2009)
Deposition-Aircraft Value and Diminution of Value

27. Chicago, IL (March 10, 2009)
Deposition-Aircraft Value and Diminution of Value

28. Tucson, AZ (April 2, 2009)
Trial-Aircraft Value and Diminution of Value

April 2009 -
Trial Proceedings (9 to date)
Depositions (12 to date)
Arbitration/Mediations (7 to date)

Experience

AVIATION MANAGEMENT CONSULTING, INC. – Rockford, IL

President 1991 to Present

Established Aviation Management Consulting, Inc. to serve needs of numerous aerospace sectors. Provide management, engineering, sales/marketing and consulting services to the aviation industry worldwide. Aviation Management Consulting, Inc’s staff includes management, flight operations, engineering and valuation personnel in many disciplines.

GULFSTREAM AEROSPACE – Oak Brook, IL/Savannah, GA

Regional Vice President, Midwest – 1991 to 1992

Managed all direct sales activity for the Midwest Region of New Gulfstream G-IV/V business aircraft, as well as previously operated G-II/III aircraft. These sales activities encompassed direct negotiation with Fortune 100 corporation’s upper management for this $25-30 million G-IV/V corporate aircraft. Administrative duties entailed management of sales office staff, as well as local and regional product support engineer. Traveled extensively (80%) throughout the region and internationally. Attended trade shows to market products.

B. F. GOODRICH AEROSPACE (Jet Electronics & Technology, Inc.) – Grand Rapids, Ml

Director, Product Management; Mgr., Airline Marketing -1990-1991

Direct all new product research and development for all new products manufactured within the division. Managed all airline sales activity for JET. avionics products. The J.E.T. avionics products offered included gyro and flight instruments, power conversion systems and heads-up flight guidance systems (H.U.D.)

HONEYWELL, INC. – (Commercial Flight Systems Group) – Minneapolis, MN

Manager, Area Marketing – 1989 to 1990

Managed all direct sales and marketing activities for all avionics products manufactured by the division. Provided direct sales to airlines, O.E.M.’s and regional airlines within the Central United States. The complete product line included complex, integrated avionics systems, as well as stand-alone avionics. Additional duties included customer service and product support management.

ALLIED-SIGNAL AEROSPACE COMPANY (Bendix/King Air Transport Avionics Division) – Ft. Lauderdale, FL

Manager, Marketing Air Transport – 1987 to 1989

Directed and managed all marketing and sales efforts for Bendix/King avionics to North and South American Airlines. Oversaw all program management functions on “EFIS Retrofit” and “TCAS” teaming partner programs for the division. These functions also included coordination of product support functions within these programs. Additional duties included TCAS Flight Demonstrations acting as Captain of demonstration aircraft.

LITTON INDUSTRIES/AERO PRODUCTS DIVISION – Marietta, GA/Moorpark, CA

Eastern Regional Marketing Manager – 1983 to 1987

Provided marketing and sales management for Litton’s Inertial Navigation Laser, GPS and Omega System to domestic and international airlines, commuter airlines and business aviation customers. Marketing and sales support to all major airframe and avionics manufacturers in the Eastern United States and Canada. Oversaw all maintenance and service support for these customers, as well as Litton’s service facilitates in New York, Atlanta and Miami.

GULFSTREAM AEROSPACE COMPANY – Bethany, OK/Lafayette, LA

Regional Retail Sales Director – 1982 to 1983

Established Louisiana Regional Sales Office. Business aircraft sales in Louisiana and South Mississippi of Jetprop Commanders and support to G-III and G-IV sales in the same trade area. Managerial duties encompassed setting up and managing an office comprised of a Sales Coordinator/Secretary and a Sales Demonstration Pilot. Oversaw all jet-prop maintenance and service support for the trade area.

NORTH STATES AVIATION (Western Division) – Rockford, IL

Multi-Engine Sales Manager – 1978 to 1981

Administration of Single/Multi-Engine Aircraft Merchandising to the established Piper Aircraft dealership network of Illinois, Michigan and Wisconsin. Specific responsibilities included monitoring dealer contract compliance, dealer support in the areas of aircraft demonstration, promotion, prospecting and personnel training, as well as sales. Also development of additional dealer outlets and annual product penetration targets and to aid dealer organization in establishing annual sales plan. Oversaw and provided direct sales and support to all commuter airlines in the trade area.

* MANN AIRCRAFT COMPANY- January 1977 to March 1978

Single and multi-engine specialist of Northern Florida and Caribbean territory. Flight Training Specialist.

* NOVA FLIGHT CENTER, Daytona Beach, FL – February 1975 to December 1976

Chief Pilot and Chief Flight Instructor, Aircraft Sales

* EMBRY-RIDDLE AERONAUTICAL UNIVERSITY, Daytona Beach, FL – February 1974 to
February 1975

Flight and Ground Instructor, Assistant Professor (Aeronautical Science)

* COMMANDER AVIATION, Ormond Beach, FL – April 1973 to February 1974 Flight and Ground Instructor, Aircraft Sales

* United States Air Force – 1970 to 1973

Education

EMBRY-RIDDLE AERONAUTICAL UNIVERSITY, Daytona Beach, FL

Master of Business Administration (Aviation Management and Technical Management Minor) – 1989

General Management orientation with emphasis in Finance, Marketing and Technical
Aviation; Special interest in Strategic Planning, New Business Development, Mergers &
Acquisitions and Program, Product Management and Aviation Maintenance.

Bachelor of Science (Professional Aeronautics and Flight Training: Minor) – 1984

Concentration on Aeronautical Science and Aviation Technical/Management

Licenses, Certifications and Accreditations

* Currently holds an Airline Transport Pilot License with Single and Multi-Engine Land, Single-Engine Sea and Glider ratings

* Certified Flight Instructor, Single-Engine, Multi-Engine and Instrument

* Over 5,000 hours of flight time

* Accredited Senior Appraiser for the American Society of Appraisers