EXHIBIT 5

Cash position in purchasing new equipment such as F−27's

1 Cash requirement would be reduced by sale of 2 or 3 DC-3 aircraft at $125,000 each.

nparison of direct operating costs per seat-mile of various types of equipment,

based on TPA operation

'E.-Based on 3 aircraft with 44-seat configuration operating 1,010,326 aircraft-miles per year.