Application of Parata Air Inc. for a Foreign Air Carrier Permit and an Exemption

Parata Air Inc, an air carrier of the Republic of Korea, hereby applies, pursuant to 49 USC §§ 41301 and 40109, Part 211 of the Department of Transportation's ("DOT") economic regulations (14 CFR Part 211), Subparts B and C of the DOT's Rules of Practice in Proceedings (14 CFR §§ 302.201 and 302.301, et seq.), and the DOT's streamlined licensing procedures,1 for a foreign air carrier permit and an exemption authorizing the carrier to engage in scheduled and on-demand charter foreign air transportation of property, mail, and cargo pursuant to the Air Transport Agreement between the Government of the United States and the Government of Republic of Korea, signed June 14, 1998 ("US- Korea Open Skies Air Transport Agreement"), and any applicable charters under Part 212 of the DOT's regulations.