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The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AERCAP HOLDINGS NV SHS N00985106   674,869 7,133 SH   SOLE   7,133 0 0
COPA HOLDINGS SA CL A P31076105   650,821 6,936 SH   SOLE   6,936 0 0
ALLEGIANT TRAVEL CO COM 01748X102   580,848 10,549 SH   SOLE   10,549 0 0
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202   353,450 1,250 SH   SOLE   1,250 0 0
ISHARES TR 0-3 MNTH TREASRY 46436E718   50,170,000 500,000 SH   SOLE   500,000 0 0
JETBLUE AWYS CORP COM 477143101   794,015 121,032 SH   SOLE   121,032 0 0
SUN CTRY AIRLS HLDGS INC COM 866683105   587,967 52,734 SH   SOLE   52,734 0 0
UNITED AIRLS HLDGS INC COM 910047109   877,875 15,407 SH   SOLE   15,407 0 0