BUSINESS AVIATION INSIGHT ISSUE: June 2020

Hamburg, July 14th 2020 Table of Contents WINGX

INSIGHTS TRENDING Global Market activity 30% below normal in June, strong recovery on April

1. North America United States leading recovery, especially Florida

2. Europe Recovery picking up, especially Switzerland, Germany, Austria

3. Middle East Top market Saudi Arabia showing very slow recovery

4. Africa Nigeria coming back strong, Morocco still very depressed

5. South America Mexico still weak, whereas Brazil, Colombia resilient

6. Asia Pac & ANZ Australia turboprop market largely recovered, China still 30% down

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North Europe America -40.7% -27.0% Middle East -30.7%

Africa Australasia & Asia Pacific Latin -38.1% America -13.0% -48.4%

Global YOY Global YTD -29.8% -31.3% Click here to see WINGX market intel products

YEAR M O N T H YEAR MAIN 3 MONTH ON TO TO REGIONS FORECAST MONTH YEAR DATE

Global Activity All regions still Global Activity Global Activity Down for almost experiencing Upward trend Up from April Down from 2019 all countries decreases • Activity saw an increase of • Activity still down 29.8% • 66% of Top 30 Countries are • North America experiencing • Accelerating growth in flight more than 80,000 flights from June 2019 experiencing YTD decreases most arrivals globally activity points to stronger compared to May of 30% and above. July and August, barring resumption of lockdown • More than 700,000 fewer • US, Canada, France and • Departures totaled 286K departures than the previous • Only Colombia is seeing a YTD Australia are experiencing during June and 1.6M YTD in year increases, of 12.1% vs 2019 most departures. • Pent up demand could see (H1) 2020 close to normal flight activity in North America. Europe • More than 50% of the major • India and Colombia are the • Top airports and airport pairs likely to hit 80% threshold. airports are now only major countries to see a mainly in North America experiencing a YOY Increase YOY increase of 2.9% and • August could see slowdown or same levels as 2019 10.2% respectively • Australasia & Asia-Pacific as economic impact erodes showing most resilience with business travel and summer • PC-12, King Air 200 and • YTD activity is down 32% IE lowest decrease in arrivals seasons tails off Caravan emerging as the key H1-20 vs H1-19 is 12.9% platforms during the trough of flight activity.

Top airport pair LSGG-LFPB Top airport pair in Africa is DNMM- DNAA continues to suffer heavy declines experienced the largest increase. Serbia was the only country to experience 57% of top 30 countries experienced growth in the month of June vs June-19 growth. Nigeria had most departures. Germany, France clear leaders, UK lagging. Europe Africa Norway increased its private activity YTD seeing lowest decrease with Croatia increased its commercial activity. total activity down 7.7% on 2019

Challenger 600 and King air saw most departures. King Air 200, PC-12 and XLS busiest in the Almost 50% of aircraft types it saw increased month of June. YOY with Citation Bravo seeing the largest.

Top airport pair was in Top airport pair OEJN-OERK Canada: CYVR-CYYJ. experienced the largest decrease Saint Pierre and Miquelon, Haiti and Nicaragua seeing Afghanistan and Iraq were the growth. only countries seeing any YOY North Middle growth in Middle East US is driving recovery in US America East especially Florida, Colorado. Activity was up by 200 flights, Leisure travel at weekends 30% less than June 2019 close to normal. Gulfstream Challenger and PC-12 saw most Legacy had most activity. departures in June and CJ3 47% of aircraft top 15 types showing “only” 4% decrease experienced growth

Top airport pair was: MMAN-KBRO showing Top pair VHHH-ZGSD is operating at same flight largest increase activity levels as 2019 Mexico was busiest market but had the Australia had largely regained YOY bizav Australasia biggest drop, French Guiana showing Latin activity. Taiwan and Macau saw steepest largest YOY increase. & Asia decrease America Total activity down 42% YTD. June Pacific Total activity down 19.3% YTD. June activity activity down 48.4% from June 2019 down 13% from June 2019

King Air 200, Challenger and Caravan 208 had Phenom 300 was the busiest aircraft type in most activity. June. No aircraft experienced growth. 40% of aircraft top 15 types saw some growth

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 5 Month-Month Trends Globally so far this year vs last year WINGX Global business aviation* flight activity dropped 30% in June-20 vs June-19. 31.3% decline in global flight activity in H1-20 vs H1-19.

-31,3% Departures 2.400.000 2.349.090 2.200.000 2.000.000 1.800.000 1.614.391 1.600.000 1.400.000

1.200.000 -0,9% 1.000.000 -51,4% +0,4% -29,5% -69,2% -29,8% 800.000 362.813 600.000 359.544 420.883 354.626 355.961 405.333 400.356 417.782 408.180 418.601 419.435 402.126 385.283 375.320 400.000 285.922 286.509 203.108 2019 200.000 123.347 0 0 0 0 0 0 2020 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD

0 1335 -3269 -119411 -277009

-500000 -214674 -121671

-1000000 -734699 Delta

-1500000 ∆ JAN ∆ FEB ∆ MAR ∆ APR ∆ MAY ∆ JUN ∆ JUL ∆ AUG ∆ SEP ∆ OCT ∆ NOV ∆ DEC ∆ YTD

*Business aviation = non-scheduled flights on business jet and turboprop aircraft types, see Definitions for more detail

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 6 Arrivals Globally, by Destination Region, June 2020 WINGX Business aviation activity* in North America and Asia-Pac & ANZ were relatively resilient in June-20. Europe and Latin America were worst affected.

ARRIVAL Departures 2020 YOY REGION: Departures 2019

220.495 North America -27,1% 302.528

43.738 Europe -40,8% 73.940

12.277 Asia PAC & ANZ -12,9% 14.090

7.272 Latin America -46,2% 13.517

1.478 Africa -38,4% 2.398

1.245 Middle East -26,8% 1.700

286.505 Grand Total -29,8% 408.173

*Business jets and props; see Definitions or more detail

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 7 Departures by Origin Country and YOY growth, June 2020 WINGX Almost 70% of global activity was US-based in June. Worst declines were in UK, Mexico, Italy, Spain. Brazil was resilient, and some growth occurred in India and Colombia.

June 2020: YOY TREND Departures YOY: Growth YTD: Growth

United States 198.997 -25,1% -30,8% Canada 19.108 -35,8% -24,6% France 7.789 -41,4% -39,7% Australia 7.516 -4,7% -14,9% Germany 6.545 -18,7% -29,2% United Kingdom 3.725 -60,5% -41,6% Mexico 3.665 -60,8% -55,4% Italy 3.645 -50,3% -51,2% Switzerland 2.848 -29,5% -30,0% Spain 2.057 -62,3% -43,9% Brazil 2.048 -9,1% -1,4% Norway 1.657 -25,0% -21,4% Russia 1.617 -35,4% -27,1% New Zealand 1.608 -22,2% -19,6% Turkey 1.486 -21,7% -33,4% Austria 1.296 -32,3% -34,8% Map shows relative decline for only top 30 countries ;darker shade = more decline Sweden 1.272 -23,5% -12,4% Belgium 824 -33,2% -37,7% Bahamas 789 -73,1% -53,9% Croatia 727 -6,3% -34,2% Poland 681 -26,3% -34,1% Greece 675 -67,4% -51,3% Netherlands 670 -43,4% -41,6% Czech Republic 628 -29,0% -33,8% Colombia 625 10,2% 12,1% China 598 -22,1% -42,1% India 531 2,9% -17,2% Puerto Rico 466 -24,4% -25,2% Finland 446 -37,3% -30,6% Portugal 444 -39,3% -37,0% Grand Total 286.509 -29,8% -31,3%

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 8 Top 30 Airport Pairs, June 2020 WINGX Top global pairs were all in North America, notably in Canada, mainly prop-driven. Notable increase on KPBI-KHPN, MMAN-KBRO; appears to be leisure travel.

June 2020: YOY TREND Flights YOY Delta

CYVR-CYYJ 293 -87 CYYJ-CYVR 260 -109 PHNL-PHMK 219 -695 KPBI-KHPN 195 163 MMAN-KBRO 186 95 KBRO-MMAN 185 75 KHPN-KACK 166 -54 KLAS-KSNA 160 -92 KACK-KHPN 160 -53 CYCD-CYVR 157 -5 KSNA-KLAS 148 -113 KGUP-KABQ 148 0 NZWB-NZWN 144 -62 CYEG-CYQU 141 3 CYVR-CYCD 139 -27 NZWN-NZWB 136 -46 KLAS-KBUR 135 -114 KBUR-KLAS 132 -140 CYQU-CYEG 131 0 PHNL-PHLI 129 -39 PHMK-PHNL 124 -494 KABQ-KGUP 124 34 PHLI-PHNL 122 -65 KPHX-KSOW 122 -1 CYVR-CYLW 122 29 KPBI-KTEB 120 49 CYYC-CYXH 119 19 KSOW-KPHX 117 -19 KHOU-KDAL 117 -64 CYFC-CYQM 115 103

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 9 Departures by Top 15 Aircraft Types Globally, June 2020 WINGX PC-12, King Air 200 and Caravan the key platforms. Of the business jets, CJ1 and CJ3 were busiest globally. Citation Latitude only 19% below YOY.

Departures 32.000

30.000

28.000 Pilatus PC-12 26.000

24.000

22.000 King Air 200 20.000 Cessna 208 Caravan

18.000

16.000 Bombardier-Challenger 300 / 350 Cessna-Citation CJ1 / CitationJet / 525 14.000 Cessna-Citation Excel / XLS

12.000 Embraer-Phenom 300 King Air 350 10.000 Cessna-Citation CJ3 8.000 41,5% 58,5% 6.000 King Air 90 4.000 Hawker Beechjet 400/400A /Nextant Hawker-Hawker 700/750/800/850/900 Top 15 2.000 Cessna-560 Encore / 5 / Ultra Other Bombardier-Challenger 600/601/604/605/650 Cessna-Citation Latitude 0 YOY Change -42 -40 -38 -36 -34 -32 -30 -28 -26 -24 -22 -20 -18 -16 -14 -12 -10 -8 -6

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 10 Departures by Top 30 Airports and YOY growth, June 2020 WINGX KPBI was the busiest airport in June 47.5% increases vs June-19. KSDL, KOPF, KAPF and KECP saw increased activity in June, whereas KTEB is now down more than 45% YTD in 2020 vs 19.

TOP 30 AIRPORTS: June 2020 Departures June 2020 YOY Growth YTD Growth

KPBI,PBI,Palm Beach Intl. ,West Palm Beach 2.623 47,5% -18,5% KDAL,DAL,Dallas Love Field,Dallas 2.422 -19,7% -29,2% KTEB,TEB,Teterboro ,Teterboro 2.249 -66,6% -46,7% KAPA,APA,Centennial ,Denver 2.149 -9,9% -24,9% KHPN,HPN,Westchester County ,White Plains 2.062 -34,8% -40,1% KVNY,VNY,Van Nuys ,Van Nuys 1.974 -20,8% -31,5% KHOU,HOU,William P Hobby ,Houston 1.749 -24,7% -35,1% KPDK,PDK,DeKalb Peachtree ,Atlanta 1.738 -17,0% -31,3% KSNA,SNA,John Wayne -Orange County ,Santa Ana 1.705 -16,2% -30,8% KSDL,SCF,Scottsdale ,Scottsdale 1.688 22,3% -10,6% KOPF,OPF,Miami-Opa Locka Executive ,Miami 1.560 13,3% -19,2% KLAS,LAS,McCarran Intl. ,Las Vegas 1.527 -42,5% -40,5% KSLC,SLC,Salt Lake City Intl. ,Salt Lake City 1.458 2,9% -17,9% KAPF,APF,Naples Municipal ,Naples 1.437 76,1% -4,1% KIAD,IAD,Washington Dulles Intl. ,Washington 1.368 -49,7% -41,2% KFXE,FXE,Fort Lauderdale Executive ,Fort Lauderdale 1.282 -11,3% -23,9% LFPB,LBG,Paris-Le Bourget ,Paris 1.249 -55,2% -44,1% KPWK,PWK,Chicago Executive ,Chicago/Prospect Heights/Wheeling 1.234 -11,5% -23,9% 15,6% KASE,ASE,Aspen-Pitkin Co/Sardy Field,Aspen 1.221 11,3% -15,1% CYEG,YEG,Edmonton Intl. ,Edmonton 1.182 -21,5% -19,6% KAUS,AUS,Austin Bergstrom Intl. ,Austin 1.154 -12,6% -31,6% KBFI,BFI,Boeing Field King County Intl. ,Seattle 1.140 -43,2% -31,4% CYVR,YVR,Vancouver Intl. ,Vancouver 1.137 -31,8% -19,8% KBED,BED,Laurence G Hanscom Field,Bedford 1.113 -40,7% -35,8% KACK,ACK,Nantucket Memorial ,Nantucket 1.081 -29,4% -44,3% KECP,ECP,Northwest Florida Beaches Intl. ,Panama City Beach 1.078 28,6% -5,5% KPHX,PHX,Phoenix Sky Harbor Intl. ,Phoenix 1.065 0,5% -5,8% KSAT,SAT,San Antonio Intl. ,San Antonio 1.061 -31,8% -38,0% 84,4% KFTW,FTW,Fort Worth Meacham Intl. ,Fort Worth 1.001 -10,3% -26,9% -25,0% KFLL,FLL,Fort Lauderdale Hollywood Intl. ,Fort Lauderdale 999 -6,4% Top 30 Other

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 11 Aircraft Employed Day to Day WINGX Over the month, 76% of the normally active fleet (ref June-19) was active. The average number of hours flown per active aircraft for the month declined from 25 to 19 hours (-25%).

Active Aircraft 20 # aircraft employed vs same day June 2019 12 10 2 0 -1 -7 -1 0 -8 -9 -11 -13 -14 -14 -2 0 -16 -17 -22 -22 -22 -3 0 -25 -26 -25 -29 -29 -32 -33 -34 -4 0 -38 yoy -41 -41 -5 0 -45 -49 -48 -53 -6 0 -56 June 1 June 30 20 12,0% 10 2,0% 0 -0,5% -1 0 -6,7% -8,5% -11,4% -9,0% -2 0 -13,2% -15,5% -14,1% -13,9% -17,3% -21,7% -3 0 -21,7% -24,8% -22,1% -25,0% -29,1% -29,4% -32,8% -31,8% -25,7% -4 0 -34,1% -37,7% -41,0% -40,6% -5 0 -45,5% -49,5% -47,9% -6 0 -55,8% -53,2% yoy

Flight hours / AC during June 20 vs June 19 -24,8% 25 June YOY 19

Hours/Unit 2019 Hours/Unit 2020 © 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 12 Relating business aviation to pandemic and economic crisis Contagion spreading, but some indicators stabilising EG VIX and Uncertainty Index*. Some WINGX improvement in oil price. Stock markets steady. Jet Charter searches seeing some spikes. No. of Infections Percentage of January Values No. of Claims x10

Crude Oil WTI 160 11,000,000 Source: Investing https://www.investing.com/commodities/crude-oil- 140 10,000,000 historical-data S&P 500 Index 120 9,000,000 Source: WSJ 100 Trade Weighted US Dollar 8,000,000 Source: FRED St.Louis Fed https://fred.stlouisfed.org/series/DTWEXAFEGS 80 7,000,000 Total Covid19 Cases Worldwide 60 Source: Ourworldindata 6,000,000 https://ourworldindata.org/grapher/total-covid-cases-region 40 U.S. S.A. Continuing Unemployment Claims 5,000,000 Source: Labor Department 20 https://oui.doleta.gov/unemploy/claims.asp 4,000,000 Jet Charter Web Searches 0 Source: Google https://trends.google.com/trends/explore?q=jet%20charter 3,000,000 -20 2020 Business Jet Flights Source: WINGX Dashboard 2,000,000 -40 2019 Business Jet Flights -60 1,000,000 Source: WINGX Dashboard US Daily Economic VIX -80 0 Uncertainty Index No. of Infections 01/01/2020 01/02/2020 01/03/2020 01/04/2020 01/05/2020 01/06/2020 Percentage of January Values No. of Claims x10 Crude Oil WTI: Reflects trends in production and consumption 700 12,000,000 S&P 500: An index composed of 500 large cap U.S. companies used to represent the overall stock market by reporting 600 *see this chart 10,000,000 Trade Weighted US Dollar: Measure of the value of the U.S. Dollar in relation to other world 500 8,000,000 currencies. 400 US Seasonally Adjusted Unemployment Claims: Reflects labour market 6,000,000 VIX: A CBOE Volatility Index used to measure risk, fear and stress levels in the market when 300 4,000,000 investment decisions are made. 200 Economic Uncertainty Policy: An index constructed of newspaper coverage, federal tax code 100 2,000,000 provisions from the CBO and disagreement between economic forecasters. 0 0 01/01/2020 01/03/2020 01/05/2020

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 13 Relating business aviation to pandemic and economic crisis WINGX Comparing 30th June to Jan 1st, oil prices are down 36%, from -50% in June; economic uncertainty up 58% seeing a large improvement from 150% in May; business aviation flights are up (seasonal); unemployment (US only) claims have soared; stock market down only 4%.

Latest Data: INDEX Jan 1st 2020 June 30th % Change Crude Oil WTI $61 $39.27 -36% S&P 500 Index $3,231 $3,100.29 -4%

US Daily Economic 186 % 293.20 % 58% Uncertainty Index VIX Close 14 % 30.43 % 121% $109 $110.94 (26th June) 2% Trade Weighted US Dollar 7,648 Flights 11,254 Flights 47% Business Jet Flights 2020 8,397 Flights 11,857 Flights 41% Business Jet Flights 2019

Seasonally Adjusted 1,775,000 20,289,000 CLaims 1043% Continuing Claims Unemployment claims 72.00 Searches 54.00 Searches -25% “Jet Charter” Web Search

1. North America

© 2020 by WINGX ADVANCE GMBH 7/14/20 | 15 Month-Month Trends in North America so far this year vs last year WINGX Business aviation activity saw an increase of 60K flights vs May but still 80,000 fewer sectors than in June-19. Total activity this year, 1.25M flights, down 31% on 2019.

Departures -30,6% 2.000.000 1.804.573

1.500.000 1.252.514

1.000.000 -2,5% -29,0% -69,2% -27,0% 0,0% -49,6% 284.582 500.000 277.563 313.236 309.654 274.946 275.057 319.480 302.675 309.330 319.189 302.959 323.701 297.205 292.250 222.482 220.875 161.097 2019 95.440 0 0 0 0 0 0 2020 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD

0 111 -7019 -90754 -200000 -214214

-400000 -158383 -81800 -600000

-800000 -552059 Delta

-1000000

-1200000 ∆ JAN ∆ FEB ∆ MAR ∆ APR ∆ MAY ∆ JUN ∆ JUL ∆ AUG ∆ SEP ∆ OCT ∆ NOV ∆ DEC ∆ YTD

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 16 Departures by Origin Country and YOY growth, June 2020 WINGX US is the core market with continued steady improvement, down a quarter this month. US Virgin Island activity flat. Caribbean activity otherwise very depressed.

June 2020: YOY TREND Departures YOY: Growth YTD: Growth

United States 198.997 -25,1% -30,8% Canada 19.108 -35,8% -24,6% Bahamas 789 -73,1% -53,9% Puerto Rico 466 -24,4% -25,2% U.S. Virgin Islands 229 0,0% -18,3% Dominican Republic 182 -55,4% -32,6% Sint Maarten 114 -66,5% -39,3% Guadeloupe 108 -19,4% -35,4% Costa Rica 83 -80,3% -22,3% Bermuda 78 -71,0% -53,0% Antigua and Barbuda 70 -34,6% -29,4% Saint Martin 62 -46,1% -32,6% Greenland 61 -28,2% -3,2% Jamaica 52 -46,4% -30,7% Guatemala 50 -47,4% -37,9% Barbados 49 -36,4% -13,6% Panama 41 -67,7% -11,8% Honduras 39 -56,2% -41,9% Turks and Caicos Islands 38 -80,8% -38,7% Haiti 29 45,0% 155,7% Saint Kitts and Nevis 28 -52,5% -33,1% British Virgin Islands 25 -73,7% -28,7% Saint Vincent and the Grenadines 23 -52,1% -35,2% Martinique 22 -42,1% -40,2% Cayman Islands 20 -89,0% -38,9% Saint Lucia 19 -32,1% -42,9% Saint Pierre and Miquelon 19 35,7% -14,3% Nicaragua 19 35,7% 7,4% Cuba 16 -62,8% -47,0% Trinidad and Tobago 12 -73,9% -63,5% Grand Total 220.875 -27,0% -30,6%

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 17 Departures by Top 20 Countries, June 2020 WINGX Small and Midsize jet activity relatively less depressed, vs Large and Propeller. Isolated growth EG US Virgin Island large jet activity.

DEPARTURES BY AIRCRAFT CATEGORY GROWTH PROFILE

Departures Large Jets Other Jets Propeller YOY Total YOY Large YOY Other YOY Propeller

United States 198.997 -25,1% -33,7% -20,4% -28,6% Canada 19.108 -35,8% -55,3% -47,6% -27,2%

Bahamas 789 -73,1% -71,8% -82,3% -65,8% Puerto Rico 466 -24,4% 16,2% -8,1% -43,7% U.S. Virgin Islands 229 0,0% 168,2% -11,9% -33,9% Dominican Republic 182 -55,4% -70,5% -40,0% -86,9% Sint Maarten 114 -66,5% -18,2% -43,2% -80,7% Guadeloupe 108 -19,4% 200,0% 142,9% -30,2% Costa Rica 83 -80,3% -65,0% -63,3% -83,6% Bermuda 78 -71,0% -81,3% -66,3% Antigua and Barbuda 70 -34,6% 62,5% -25,0% -49,3% Saint Martin 62 -46,1% -100,0% -45,1% Greenland 61 -28,2% -72,7% -75,0% 10,9% Jamaica 52 -46,4% -18,2% -52,8% -35,7% Guatemala 50 -47,4% -83,3% -47,3% -32,1% Barbados 49 -36,4% -43,8% -53,5% 450,0% Panama 41 -67,7% -76,9% -72,6% -53,8% 99,9% 0,1% Honduras 39 -56,2% -100,0% -10,0% -66,1%

Turks and Caicos Islands 38 Top 20 -80,8% -83,9% -80,3% -73,3% Haiti 29 Other 45,0% 400,0% 111,1% -50,0% Total 220.645 -26,9% -35,9% -22,6% -29,3%

Note: Large Jets = Bizliners, ULR, HJ. Other Jets = all other segments 100%

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB 7/14/20 | 18 Departures by Top 15 Countries and Mission*, June 2020 WINGX US commercial flights are 26% down YOY for June, with Private flights 24% below. In Canada, Private flights were actually up YOY. These represented 10% of all Private flights in this region.

COMMERCIAL ACTIVITY NON COMMERCIAL ACTIVITY

2020 Departures 2020 Departures 80.740 118.310 118.300 80.720 118.290 89.84% United States United States Canada Canada 9.16%

Bahamas Bahamas Puerto Rico Puerto Rico 260 190 0.39% 0.15% 240 180 170 220 160 Dominican Republic 0.12% 200 150 140 180 130 160 120 Jamaica 110 140 U.S. Virgin Islands 100 0.03% 120 90 U.S. Virgin Islands 80 0.07% 100 70 Sint Maarten Guadeloupe Panama 80 Sint Maarten 60 Guadeloupe 0.01% Costa Rica 50 0.01% 60 Bermuda 0.02% Saint Martin Antigua and Barbuda Greenland 40 0.02% Bermuda 40 30 0.02% Dominican Republic 0.02% Guatemala Antigua and Barbuda 20 Barbados 20 Turks and Caicos Islands 10 0.02% Saint Pierre and Miquelon Guatemala 0.01% 0 0 YOY Change -90 -80 -70 -60 -50 -40 -30 -20 -10 0 10 20 30 40 50 60 70 80 90 100 YOY Change-150 -100 -50 0 250 300 350 400 450 1.600

X % % of total departures relating to Private activity % of total departures relating to AOC activity X %

Note: Commercial mission type derived from flight plan designation (AOC for Europe, Part 135 for North America)

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 19 Arrivals into North America, by Destination Region, June 2020 WINGX Flight activity within North America was less depressed than inter-regional flights, notably with Europe; 73% down in June.

Departures 2020 ARRIVAL YOY REGION: Departures 2019

218.316 North America -26,6% 297.565

1.975 Latin America -38,9% 3.230

457 Europe -72,5% 1.663

110 Asia Pac & ANC -37,1% 175

12 Africa -60,0% 30

5 Middle East -58,3% 12

220.875 Grand Total -27,0% 302.675

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 20 Principle regional flows, June 2020 and YOY growth WINGX Domestic traffic was a lot more resilient than international, with US domestic the strongest major market, down only 23% YOY. US-Puerto Rico flights were up.

Flights YOY YOY Delta

United States-->United States 194.164 -23,3% -59.010 Canada-->Canada 17.845 -27,6% -6.797 United States-->Mexico 1.611 -28,8% -653 United States-->Canada 1.197 -74,1% -3.418 Canada-->United States 1.052 -77,2% -3.558 -1.862 United States-->Bahamas 568 -76,6% Bahamas-->United States 549 -79,1% -2.075 United States-->Puerto Rico 217 45,6% 68 Bahamas-->Bahamas 184 -3,7% -7 Puerto Rico-->United States 180 5,3% 9 United States-->U.S. Virgin Islands 163 75,3% 70 U.S. Virgin Islands-->United States 153 70,0% 63 United States-->Dominican Republic 136 -23,2% -41 Dominican Republic-->United States 117 -34,6% -62 United States-->United Kingdom 80 -76,7% -264 Bermuda-->United States 74 -65,7% -142 United States-->Bermuda 63 -71,9% -161 Saint Martin-->Saint Barthalemy 62 -34,7% -33 Puerto Rico-->Saint Barthalemy 56 -32,5% -27 United States-->China 56 24,4% 11 Costa Rica-->Costa Rica 47 -86,3% -297 Greenland-->Greenland 47 327,3% 36 United States-->Colombia 44 -32,3% -21 Puerto Rico-->U.S. Virgin Islands 40 -39,4% -26 Guadeloupe-->Saint Barthalemy 37 -50,7% -38 U.S. Virgin Islands-->U.S. Virgin Islands 34 -10,5% -4 United States-->Jamaica 33 -49,2% -32 Jamaica-->United States 33 -46,8% -29 U.S. Virgin Islands-->Puerto Rico 33 -55,4% -41 United States-->Germany 29 -34,1% -15

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 21 Top 30 Airport Pairs, June 2020 WINGX Top pair was in Canada, CYVR-CYYJ. PHNL-PHMK saw the largest decrease. KPBI-KHPN saw the largest increase YOY, an increase of 163 flights YOY. .

June 2020: YOY TREND Flights YOY Delta

CYVR-CYYJ 293 -87 CYYJ-CYVR 260 -109 PHNL-PHMK 219 -695 KPBI-KHPN 195 163 KBRO-MMAN 185 75 KHPN-KACK 166 -54 KLAS-KSNA 160 -92 KACK-KHPN 160 -53 CYCD-CYVR 157 -5 KSNA-KLAS 148 -113 KGUP-KABQ 148 0 CYEG-CYQU 141 3 CYVR-CYCD 139 -27 KLAS-KBUR 135 -114 KBUR-KLAS 132 -140 CYQU-CYEG 131 0 PHNL-PHLI 129 -39 PHMK-PHNL 124 -494 KABQ-KGUP 124 34 PHLI-PHNL 122 -65 KPHX-KSOW 122 -1 CYVR-CYLW 122 29 KPBI-KTEB 120 49 CYYC-CYXH 119 19 KSOW-KPHX 117 -19 KHOU-KDAL 117 -64 CYFC-CYQM 115 103 CYXH-CYYC 115 18 CYEG-CYYC 114 -108 PANC-PAKN 108 14

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 22 Top 30 Airport Pairs, Business Jets, Commercial only, June 2020 WINGX Top business jet pair for commercial activity was KPBI-KHPN, flying 119 more flights than June last year. Also notable growth on KPBI-KFOK.

June 2020: COMMERCIAL Flights YOY Delta

KPBI-KHPN 136 119 KLAS-KSNA 89 -78 KPBI-KTEB 86 50 KSNA-KLAS 79 -97 KPBI-KFOK 77 69 KHPN-KPBI 76 59 KLAS-KVNY 74 -18 KLAS-KBUR 74 -124 KVNY-KLAS 72 -22 KTEB-KOPF 69 35 KTEB-KPBI 68 38 KBCT-KFRG 60 50 KOPF-KTEB 57 19 KBUR-KLAS 57 -158 KVNY-KASE 54 46 KBRO-MMAN 53 -3 KSNA-KVNY 52 -3 KASE-KVNY 50 35 KSNA-KSDL 48 27 KFXE-KPBI 48 29 KFOK-KTEB 48 7 KTEB-KHPN 46 -71 KHPN-KTEB 46 -42 KPBI-KFRG 45 39 KVNY-KSNA 44 -3 KSDL-KSNA 44 23 KOPF-KPBI 44 30 KTEB-KVNY 43 3 KAUS-KDAL 42 -7 KLAS-KSDL 41 22

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 23 Departures by Mission WINGX Both mission types improved on May but Commercial is still almost 36% down YOY. Non Commercial activity is proving more resilient so far, down 19.5% in June.

Commercial Non-Commercial Departures 350.000 319.480 319.189 323.701 313.236 309.654 309.330 302.675 302.959 297.205 284.582 292.250 300.000 274.946 277.563 275.057

250.000 144.177 147.459 145.575 140.329 139.477 144.103 136.265 222.482 220.875 139.084 136.167 137.058 125.423 121.459 123.455 120.974 200.000 101.695 161.097 89.209 150.000 61.336 95.440 100.000 175.303 178.126 159.159 153.487 172.907 170.177 163.591 165.227 171.730 166.694 161.038 155.192 154.108 154.083 34.176 120.787 131.666 50.000 99.761 61.264 0 Jul2019 Jan2019 Jan2020 Jun2019 Jun2020 Apr2019 Oct2019 Apr2020 Feb2019 Sep2019 Feb2020 Aug2019 Dec2019 Nov2019 Mar2019 Mar2020 May2019 May2020 YOY Commercial 0 -1,6% -0,4% -20 -27,5% -40 -35,9% -60 -57,5% -80 -75,5%

YOY Non Commercial 50 0,4% 0 -3,2% -19,5% -50 -30,1% -43,1% -64,0% -100

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 24 Departures by Aircraft OEM and Mission, June 2020 WINGX More resilience in Non Commercial for most OEMs. Learjet an exception, with commercial flights actually up by 2.5%. Cirrus non-commercial activity up almost 50%.

DEPARTURES BY MISSION GROWTH PROFILE

Commercial YOY Non Commercial YOY Commercial YOY Total Non-Commercial

Cessna 39,0% 61,0% 72.527 -3,6% -45,0% -25,5%

HawkerBeechcraft 40,3% 59,7% 45.871 -29,1% -27,8% -28,6%

Pilatus 41,9% 58,1% 22.325 -6,7% -38,7% -23,4%

Bombardier 54,4% 45,6% 18.349 -22,5% -35,0% -29,9%

Learjet 52,8% 47,2% 13.385 -39,3% 2,5% -22,7%

Gulfstream 35,2% 64,8% 13.216 -41,1% -13,6% -33,7%

Embraer 57,8% 42,2% 13.048 -4,7% -41,0% -29,7%

Dassault 28,4% 71,6% 9.206 -33,8% -41,5% -36,2%

Daher-Socata 6,6% 93,4% 3.968 -19,5% -55,0% -23,5%

Piper Aircraft 6,6% 93,4% 3.767 -17,9% -46,5% -20,7%

Cirrus 0,7% 99,3% 1.516 44,7% 45,8%

Eclipse Aerospace 10,9% 89,1% 1.418 -23,2% 94,9% -17,8%

Total 40,6% 59,4% 218.596 -19,6% -35,9% -27,1%

100% © 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 25 Departures by Aircraft Weight Band and Mission WINGX By weight band, major increase in band J. Otherwise, the most resilient bands was A (lightest) in June, with B-D band also relatively resilient. In Commercial activity, band G only 9% down.

DEPARTURES BY MISSION GROWTH PROFILE

Commercial Departures YOY Non Commercial YOY Commercial YOY Total Non Commercial

J [100000 +] 35,7% 64,3% 9 200,0% -68,8% -26,3%

I [60000-99999] 31,3% 68,8% 22 -46,3% -89,5% -76,5%

H [36000-59999] 32,1% 67,9% 4.831 -34,4% -36,0% -34,9%

G [25000-35999] 47,2% 52,8% 2.966 -41,9% -9,2% -30,0%

F [18000-24999] 46,5% 53,5% 9.860 -23,7% -34,7% -29,2%

E [15000-17999] 45,7% 54,3% 8.501 -21,1% -39,6% -30,8%

D [11000-14999] 55,9% 44,1% 7.108 -34,5% -23,3% -28,7%

C [8000-10999] 56,9% 43,1% 14.179 -35,3% -15,3% -25,3%

B [3000-7999] 34,3% 65,7% 77.724 -11,2% -44,6% -26,4%

A [0-2999] 4,8% 95,2% 6.466 -8,6% -39,9% -10,8%

Total 40,4% 59,6% 131.666-19,5% -35,9% -27,0%

100% Ø 23.939

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 26 Departures by Top 15 Aircraft Types, June 2020 WINGX CJ3 activity was close to normal in June YOY, with Nextant and Latitude also quite resilient. PC 12 was busiest type. No Ultra Long Range jet featuring in top 15 busiest aircraft in June.

Departures 24.000 23.000 22.000 21.000 Pilatus PC-12 20.000 19.000 18.000 17.000 Cessna 208 Caravan 16.000 15.000 King Air 200 14.000 13.000 Embraer-Phenom 300 12.000 11.000 Bombardier-Challenger 300 / 350 10.000 Cessna-Citation Excel / XLS Cessna-Citation CJ3 9.000 Cessna-560 Encore / 5 / Ultra 8.000 King Air 90 7.000 King Air 350 Hawker Beechjet 400/400A /Nextant 39,8% 6.000 5.000 60,2% Hawker-Hawker 700/750/800/850/900 4.000 Gulfstream G300/350/400/450 3.000 Top 15 2.000 Cessna-Citation Latitude Bombardier-Challenger 600/601/604/605/650 Other 1.000 0 YOY Change -38 -36 -34 -32 -30 -28 -26 -24 -22 -20 -18 -16 -14 -12 -10 -8 -6 -4

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 27 Departures by Top 15 Aircraft Types, Commercial only, June 2020 WINGX King Air 90, CJ3, Nextant and Hawker 700-900 flew more in June YOY for commercial (135) missions. Bombardier Challenger 300 was busiest Jet, activity down 27%.

Departures 10.500

10.000

9.500 Pilatus PC-12 9.000

8.500

8.000

7.500 Bombardier-Challenger 300 / 350 7.000

6.500

6.000 Cessna-Citation Excel / XLS 5.500 Cessna 208 Caravan Hawker-Hawker 700/750/800/850/900

5.000 King Air 200 4.500 Embraer-Phenom 300 Hawker Beechjet 400/400A /Nextant Cessna-560 Encore / 5 / Ultra 4.000 King Air 350 30,9% 3.500 Cessna-Citation Latitude 3.000

2.500 King Air 90 69,1%

2.000 Cessna-Citation X / 10 Cessna-Citation CJ3

1.500 Top 30 1.000 Other 500 Gulfstream G300/350/400/450

0 YOY: % change -90 -85 -80 -75 -70 -65 -60 -55 -50 -45 -40 -35 -30 -25 -20 -15 -10 -5 0 5 10 15 20 25 30 35 40 45 50 55 Commercial

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 28 Departures by Top 15 Aircraft Types, Non Commercial only, June 2020 WINGX For non-commercial missions, Caravan activity was well up in June. PC 12, King Air 200, Phenom 300 and Piper Meridian not far off normal.

Departures 14.500 14.000 13.500 13.000 12.500 Pilatus PC-12 12.000 Cessna 208 Caravan 11.500 11.000 10.500 King Air 200 10.000 9.500 9.000 8.500 8.000 7.500 7.000 Cessna-Citation CJ1 / CitationJet / 525 6.500 Cessna-560 Encore / 5 / Ultra 6.000 Bombardier-Challenger 600/601/604/605/650 5.500 King Air 350 5.000 King Air 90 Cessna-Citation CJ3 Piper-Malibu Meridian 4.500 43,4% 4.000 56,6% 3.500 Cessna-Citation Excel / XLS 3.000 2.500 Hawker-Hawker 700/750/800/850/900 2.000 Top 15 1.500 1.000 Bombardier-Challenger 300 / 350 Embraer-Phenom 300 Other Dassault-Falcon 2000 500 0 YOY: % change -54 -52 -50 -48 -46 -44 -42 -40 -38 -36 -34 -32 -30 -28 -26 -24 -22 -20 -18 -16 -14 -12 -10 -8 -6 -4 -2 0 454 456 458 460 Non Commercial

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 29 Departures by Top 30 Airports and YOY growth, June 2020 WINGX KPBI ranked top in June and saw a YOY increase of almost 50%. Also growth at KSDL, KOPF, KAPF, KECP, KBCT. KTEB had biggest decline, also acute at KIAD.

TOP 30 AIRPORTS: April 2020 Departures May 2020 YOY Growth YTD Growth

KPBI,PBI,Palm Beach Intl. ,West Palm Beach 2.623 47,5% -18,5% KDAL,DAL,Dallas Love Field,Dallas 2.422 -19,7% -29,2% KTEB,TEB,Teterboro ,Teterboro 2.249 -66,6% -46,7% KAPA,APA,Centennial ,Denver 2.149 -9,9% -24,9% KHPN,HPN,Westchester County ,White Plains 2.062 -34,8% -40,1% KVNY,VNY,Van Nuys ,Van Nuys 1.974 -20,8% -31,5% KHOU,HOU,William P Hobby ,Houston 1.749 -24,7% -35,1% KPDK,PDK,DeKalb Peachtree ,Atlanta 1.738 -17,0% -31,3% KSNA,SNA,John Wayne -Orange County ,Santa Ana 1.705 -16,2% -30,8% KSDL,SCF,Scottsdale ,Scottsdale 1.688 22,3% -10,6% KOPF,OPF,Miami-Opa Locka Executive ,Miami 1.560 13,3% -19,2% KLAS,LAS,McCarran Intl. ,Las Vegas 1.527 -42,5% -40,5% KSLC,SLC,Salt Lake City Intl. ,Salt Lake City 1.458 2,9% -17,9% KAPF,APF,Naples Municipal ,Naples 1.437 76,1% -4,1% KIAD,IAD,Washington Dulles Intl. ,Washington 1.368 -49,7% -41,2% KFXE,FXE,Fort Lauderdale Executive ,Fort Lauderdale 1.282 -11,3% -23,9% KPWK,PWK,Chicago Executive ,Chicago/Prospect Heights/Wheeling 1.234 -11,5% -23,9% KASE,ASE,Aspen-Pitkin Co/Sardy Field,Aspen 1.221 11,3% -15,1% CYEG,YEG,Edmonton Intl. ,Edmonton 1.182 -21,5% -19,6% 27,5% KAUS,AUS,Austin Bergstrom Intl. ,Austin 1.154 -12,6% -31,6% KBFI,BFI,Boeing Field King County Intl. ,Seattle 1.140 -43,2% -31,4% CYVR,YVR,Vancouver Intl. ,Vancouver 1.137 -31,8% -19,8% KBED,BED,Laurence G Hanscom Field,Bedford 1.113 -40,7% -35,8% KACK,ACK,Nantucket Memorial ,Nantucket 1.081 -29,4% -44,3% KECP,ECP,Northwest Florida Beaches Intl. ,Panama City Beach 1.078 28,6% -5,5% KPHX,PHX,Phoenix Sky Harbor Intl. ,Phoenix 1.065 0,5% -5,8% -31,8% -38,0% 72,5% KSAT,SAT,San Antonio Intl. ,San Antonio 1.061 KFTW,FTW,Fort Worth Meacham Intl. ,Fort Worth 1.001 -10,3% -26,9% KFLL,FLL,Fort Lauderdale Hollywood Intl. ,Fort Lauderdale 999 -6,4% -25,0% KBCT,BCT,Boca Raton ,Boca Raton 982 48,6% -17,1% Top 30 Other

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 30 Departures by Top 20 Airports and Aircraft Category, June 2020 WINGX Palm Beach Intl’s showing increase in all business jet segments, and Large Jet departures from KAPF were up over 80%. In contrast, Large Jet activity at KTEB down by 73%.

DEPARTURES BY AIRCRAFT CATEGORY GROWTH PROFILE

Departures Large Jets Other Jets Propeller YOY Total YOY Large YOY: Other Jets YOY Propeller

KPBI,PBI,Palm Beach Intl. ,West Palm Beach 2.623 47,5% 46,4% 82,7% -57,1% KDAL,DAL,Dallas Love Field,Dallas 2.422 -19,7% -29,5% -15,1% -28,7% KTEB,TEB,Teterboro ,Teterboro 2.249 -66,6% -73,4% -61,5% -69,2% KAPA,APA,Centennial ,Denver 2.149 -9,9% -32,5% -5,6% -8,7% KHPN,HPN,Westchester County ,White Plains 2.062 -34,8% -50,2% -19,3% -50,6% KVNY,VNY,Van Nuys ,Van Nuys 1.974 -20,8% -28,3% -11,9% -42,1% KHOU,HOU,William P Hobby ,Houston 1.749 -24,7% -32,0% -19,8% -38,8% KPDK,PDK,DeKalb Peachtree ,Atlanta 1.738 -17,0% -14,2% -18,8% -13,3% KSNA,SNA,John Wayne -Orange County ,Santa Ana 1.705 -16,2% -32,3% -8,1% -11,3% KSDL,SCF,Scottsdale ,Scottsdale 1.688 22,3% 30,5% 23,2% 6,9% KOPF,OPF,Miami-Opa Locka Executive ,Miami 1.560 13,3% 3,8% 23,2% -14,0% KLAS,LAS,McCarran Intl. ,Las Vegas 1.527 -42,5% -51,2% -37,7% -31,4% KSLC,SLC,Salt Lake City Intl. ,Salt Lake City 1.458 2,9% 2,7% 12,6% -7,5% KAPF,APF,Naples Municipal ,Naples 1.437 76,1% 82,6% 81,6% 33,0% KIAD,IAD,Washington Dulles Intl. ,Washington 1.368 -49,7% -59,7% -50,6% -17,8% KFXE,FXE,Fort Lauderdale Executive ,Fort Lauderdale 1.282 -11,3% -5,5% 0,6% -36,4% KPWK,PWK,Chicago Executive ,Chicago/Prospect Heights/Wheeling 1.234 -11,5% -42,3% -3,9% -11,5% KASE,ASE,Aspen-Pitkin Co/Sardy Field,Aspen 1.221 11,3% 19,5% 10,2% 0,0% CYEG,YEG,Edmonton Intl. ,Edmonton 1.182 -21,5% -56,4% -49,6% -100,0% KAUS,AUS,Austin Bergstrom Intl. ,Austin 1.154 -12,6% -8,8% -13,8% -11,5% Total 33.782 -21,7% -14,1% -24,8%

100%

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 31 Aircraft Employed Day to Day WINGX Compared to # of active aircraft in June-19, all days in June-20 were inferior, except 22nd and 29th. Over the month, just over half normally active fleet was employed.

2019 2020

Active Aircraft 5.500 5.096 4.993 4.946 5.000 4.861 4.821 4.802 4.891 4.674 4.726 4.748 4.613 4.559 4.427 4.512 4.476 4.423 4.496 4.500 4.274 4.369 4.149 4.203 3.973 3.921 4.000 3.838 3.741 3.750 3.676 3.660 3.640 3.545 3.706 3.516 3.569 3.564 3.584 3.370 3.497 3.299 3.420 3.305 3.500 3.261 3.280 3.304 2.938 3.205 3.099 3.176 3.225 3.014 2.873 2.983 2.943 3.019 2.864 3.000 2.767 2.844 2.834 2.833 2.838 2.505 2.535 2.500 2.293

2.000

1.500

1.000

500

0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Average

2. Europe

© 2020 by WINGX ADVANCE GMBH 7/14/20 | 33 Month-Month Trends in Europe so far this year vs last year WINGX Business aviation was up by 20K departures from May, however still almost 30,000 fewer sectors than in June -19. Total activity this year, 214K flights, down 36% on H1 2019.

-36,3% Departures 350.000 337.102

300.000

250.000 214.773 200.000

150.000 -40,7% +2,4% +1,2% -60,8% -33,2% -70,6% 100.000 73.666 76.592 63.669 66.688 66.682 53.967 52.961 60.072 45.710 46.806 47.129 47.718 43.659 49.815 47.028 50.000 36.030 24.976 2019 15.584 0 0 0 0 0 0 2020 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD

50000 1096 0 589 -17937 -37377 -50000 -38693 -100000 -30007 -150000 -122329 Delta -200000

-250000 ∆ JAN ∆ FEB ∆ MAR ∆ APR ∆ MAY ∆ JUN ∆ JUL ∆ AUG ∆ SEP ∆ OCT ∆ NOV ∆ DEC ∆ YTD

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 34 Departures by Origin Country and YOY growth, June 2020 WINGX The only countries with <20% YOY decline were Germany, Croatia and Kazakhstan. UK, Ireland, Spain and Greece all >60% decrease. France was busiest in Europe, flights down 41% YOY.

June 2020: YOY TREND Departures YOY: Growth YTD: Growth

France 7.789 -41,4% -39,7% Germany 6.545 -18,7% -29,2% United Kingdom 3.725 -60,5% -41,6% Italy 3.645 -50,3% -51,2% Switzerland 2.848 -29,5% -30,0% Spain 2.057 -62,3% -43,9% Norway 1.657 -25,0% -21,4% Russia 1.617 -35,4% -27,1% Turkey 1.486 -21,7% -33,4% Austria 1.296 -32,3% -34,8% Sweden 1.272 -23,5% -12,4% Belgium 824 -33,2% -37,7% Croatia 727 -6,3% -34,2% Poland 681 -26,3% -34,1% Greece 675 -67,4% -51,3% Netherlands 670 -43,4% -41,6% Czech Republic 628 -29,0% -33,8% Finland 446 -37,3% -30,6% Portugal 444 -39,3% -37,0% Denmark 430 -45,2% -35,0% Serbia 427 23,8% -16,5% Romania 322 -26,8% -39,3% Ukraine 313 -51,7% -37,2% Kazakhstan 276 -13,2% -6,6% Ireland 272 -64,6% -41,9% Hungary 265 -31,9% -35,0% Luxembourg 243 -36,9% -40,2% Slovakia 218 -42,2% -46,8% Iceland 215 -41,9% -33,9% Cyprus 207 -30,8% -35,2% Grand Total 43.659 -40,7% -36,3%

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 35 Departures by Top 20 Countries, June 2020 WINGX Stark contrast between Large Jets, down 63%, and Small-Mid, down 38%, and Props, down just 19%. Large Jet activity most resilient in Turkey, Croatia. SMID activity only -17% in Germany.

DEPARTURES BY AIRCRAFT CATEGORY GROWTH PROFILE

Departures Large Jets Other Jets Propeller YOY Total YOY Large YOY Other YOY Propeller

France 7.789 -41,4% -69,5% -39,3% -16,0% Germany 6.545 -18,7% -41,0% -16,8% -6,0% United Kingdom 3.725 -60,5% -73,7% -57,6% -48,3% Italy 3.645 -50,3% -75,3% -44,0% -11,2% Switzerland 2.848 -29,5% -53,1% -24,1% -4,4% Spain 2.057 -62,3% -80,0% -61,0% -9,4% Norway 1.657 -25,0% -78,0% -35,7% -16,6% Russia 1.617 -35,4% -49,9% -3,8% 51,2% Turkey 1.486 -21,7% -25,7% -21,7% 47,3% Austria 1.296 -32,3% -50,1% -35,2% 5,2% Sweden 1.272 -23,5% -55,2% -40,7% 4,3%

Belgium 824 -33,2% -45,1% -25,9% -37,5% Croatia 727 -6,3% -19,7% -2,1% -5,6% Poland 681 -26,3% -59,9% -17,1% -19,9% Greece 675 -67,4% -73,9% -61,9% -69,1% Netherlands 670 -43,4% -67,0% -33,3% -33,9% Czech Republic 628 -29,0% -58,6% -23,9% -15,1% 89,4% 10,6% Finland 446 -37,3% -56,5% -26,3% -35,9%

Portugal 444 Top 20 -39,3% -61,9% -24,1% -35,5% Denmark 430 Other -45,2% -58,2% -48,4% -22,0% Total 39.462 -41,2% -63,1% -38,0% -19,0%

Note: Large Jets = Bizliners, ULR, HJ. Other Jets = all other segments 100%

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 36 Departures by Top 15 Countries and Mission, June 2020 WINGX Growth in Commercial activity in Croatia, and close to normal in Turkey, Germany. Private flights up in Norway. Charter activity in Spain and Greece is way back.

COMMERCIAL ACTIVITY NON COMMERCIAL ACTIVITY 2020 Departures 2020 Departures 3.800 4.800

3.600 4.600 3.400 France 21.84% France 14.31% Germany 4.400 3.200 4.200 3.000 13.83% 2.800 4.000

2.600 3.800 2.400 Italy 3.600 2.200 9.66% 3.400 2.000 16.31% Germany 1.800 United Kingdom 7.34% 7.27% 9.58% 1.400 6.86% Italy 1.600 Switzerland United Kingdom 6.44% Switzerland Norway 6.60% 1.200 1.400 Sweden Spain Russia 1.200 3.91% 1.000 5.03% Spain 5.14% Turkey 1.000 4.43% 800 4.25% Turkey Austria 800 Greece Russia 2.44% 2.56% Netherlands 600 2.08% 1.75% 600 Austria Belgium 400 Sweden 3.33% Croatia Greece Belgium 400 1.66% 1.55% 1.89% 1.78% 2.07% 1.42% 1.89% Poland 200 Czech Republic 200 Finland 1.59% 1.92% 0 0 YOY Change -70 -65 -60 -55 -50 -45 -40 -35 -30 -25 -20 -15 0 5 10 YOY Change-80 -75 -70 -65 -60 -55 -50 -45 -40 -35 -30 -25 -20 -15 -10 -5 0 210

X % % of total departures relating to Non Commercial activity % of total departures relating to Commercial activity X %

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 37 Arrivals from Europe, by Destination Region, June 2020 WINGX Flight connections within Europe were down by 40%, Transatlantic much more severely depressed, -71% YOY. Flights to Asia from Europe were down 75% YOY.

Departures 2020 ARRIVAL YOY Departures 2019 REGION:

42.223 Europe -40,0% 70.370

424 North America -71,0% 1.462

520 Africa -26,7% 709

385 Middle East -46,7% 723

85 Asia & ANZ -75,1% 342

22 Latin America -63,3% 60

43.659 Grand Total -40,7% 73.666

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 38 Principle regional flows, June 2020 and YOY growth WINGX Domestic traffic was a lot more resilient than international, with some growth intra- Turkey and only down 12% in Russia. France-Germany was busiest international.

Flights YOY YOY Delta

France-->France 4.670 -54,9% -5.685 Germany-->Germany 3.532 -48,4% -3.319 Italy-->Italy 1.778 -45,3% -1.475 United Kingdom-->United Kingdom 1.643 -65,1% -3.068 Norway-->Norway 1.488 -28,6% -596 Spain-->Spain 1.163 -61,8% -1.879 Turkey-->Turkey 1.022 5,6% 54 Sweden-->Sweden 960 -44,3% -764 Russia-->Russia 875 -12,9% -130 France-->Switzerland 620 -47,9% -571 Switzerland-->France 618 -47,0% -548 Switzerland-->Switzerland 486 -25,8% -169 France-->United Kingdom 409 -71,8% -1.039 Germany-->France 406 -49,7% -401 France-->Germany 401 -54,1% -472 Switzerland-->Germany 397 -29,7% -168 Italy-->France 390 -63,0% -663 United Kingdom-->France 380 -74,2% -1.094 Germany-->Switzerland 378 -33,5% -190 France-->Italy 365 -65,8% -701 Italy-->Germany 311 -37,7% -188 Germany-->Austria 284 -41,6% -202 Finland-->Finland 284 -50,2% -286 Poland-->Poland 279 -66,6% -556 Italy-->Switzerland 274 25,5% -44,1% -216 Austria-->Germany 274 Domestic -42,6% -203 Austria-->Austria 273 Other -52,0% -296 Germany-->Italy 271 -40,4% -184 74,5% Greece-->Greece 264 -72,6% -699 Switzerland-->Italy 253 -49,1% -244

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 39 Top 30 Airport Pairs, June 2020 WINGX LSGG-LFPB was restored as busiest pair this month, but still down by close to half. Some increase, notable on LTFE-LTBA, also LIML-LIEO.

June 2020: YOY TREND Flights YOY Delta

LSGG-LFPB 92 -54 LFPB-LSGG 90 -42 LTFE-LTBA 75 19 LTBA-LTFE 73 16 UAAA-UACC 62 -2 UACC-UAAA 61 -9 LFMN-LSGG 61 -44 LSGG-LFMN 59 -34 LIML-LIEO 58 3 ENTC-ENAT 56 -3 LIEO-LIML 55 5 LFMN-LFPB 53 -90 LTBS-LTBA 52 33 LTBA-LTAC 52 15 LFMD-LFPB 52 -7 LFPB-LFMN 51 -89 LIML-LIRA 50 -24 ESSA-ESND 50 ESND-ESSA 50 LTBA-LTBS 48 29 UUWW-ULLI 48 -88 LEMG-GEML 47 17 ESPA-ESUP 47 9 EGLF-LFMN 47 -25 LIRA-LIML 46 -25 ESUP-ESPA 46 8 LFPB-LFTH 45 -6 LTAC-LTBA 43 8 LFPB-LFMD 43 -19 ESPA-ESNU 42 7

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 40 Top 30 Airport Pairs, Business Jets, Commercial only, June 2020 WINGX For Commercial activity, notable gains on LTFE-LTBA-LTFS-LTBS. LIML-LIEO was up by 18 flights. Biggest drop was on LFMN-LFPB.

June 2020: YOY TREND / COMMERCIAL DEPARTURES YOY

LSGG-LFPB 73 -26 LTFE-LTBA 69 35 LFPB-LSGG 69 -27 LTBA-LTFE 68 42 UAAA-UACC 53 0 LIML-LIEO 53 18 UACC-UAAA 50 -18 LTBS-LTBA 50 233 LIEO-LIML 50 16 LTBA-LTBS 46 188 LIML-LIRA 43 -23 LFMN-LFPB 43 -61 LFMN-LSGG 41 -48 LIRA-LIML 40 -30 UUMO-ULLI 39 -25 UUWW-ULLI 39 -61 LFPB-LFMN 39 -62 LFMD-LFPB 37 -12 LYTV-LYBE 36 500 EGLF-LFMN 36 -32 LSGG-LFMN 35 -49 LFPB-LFMD 33 -30 LYBE-UUWW 32 88 LFPB-LFTH 32 0 LYBE-LYTV 31 138 EGKB-LFMN 31 48 UUWW-LCLK 29 45 LFTH-LFPB 29 -17 EGLF-LSGG 28 -32 UUWW-LFMN 27 -51

Commercial

Departures Non Commercial 80.000 76.592 73.666 70.000 66.688 66.682 63.669 60.072 60.000 53.967 52.961 41.653 44.537 49.815 50.000 47.129 47.028 46.806 47.718 45.710 38.917 36.120 43.659 34.997 30.870 40.000 28.900 36.030 28.575 25.428 24.348 25.286 25.671 24.541 24.888 30.000 23.205 19.008 24.976 20.000 15.584 11.323 32.013 32.055 30.562 29.202 25.067 24.386 28.672 27.771 24.387 6.953 10.000 21.362 21.843 21.357 22.265 22.830 20.454 17.022 13.653 8.631 0 Jul2019 Jan2019 Jan2020 Jun2019 Jun2020 Apr2019 Oct2019 Apr2020 Feb2019 Sep2019 Feb2020 Dec2019 Aug2019 Nov2019 Mar2019 Mar2020 May2019 May2020 YOY Commercial 20 0,8% 0 -20 -1,6% -40 -34,2% -60 -44,3% -80 -67,6% -75,7%

YOY Non Commercial 50 4,2% 4,5% 0 -50 -32,1% -36,1% -64,6% -52,4% -100

Source: ATC data identifying flights as AOC or non AOC operated. Note, fractional activity recorded under AOC

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 42 Departures by Aircraft OEM and Mission, June 2020 WINGX Pilatus AOC activity was well up in June, otherwise declines in AOC were severe, especially for Bombardier, although smaller than 69% decline in Bombardier private missions.

DEPARTURES BY MISSION GROWTH PROFILE

Commercial YOY Non Commercial YOY Commercial YOY Total Non Commercial

Cessna 70,1% 29,9% 14.476 -26,9% -33,9% -32,0%

HawkerBeechcraft 44,7% 55,3% 7.184 -0,5% -46,9% -28,4%

Bombardier 71,7% 28,3% 4.046 -68,6% -53,8% -59,2%

Pilatus 17,5% 82,5% 3.794 -18,3% 89,4% -9,3%

Embraer 75,1% 24,9% 3.756 -41,2% -46,0% -44,9%

Dassault 51,8% 48,2% 2.753 -58,6% -63,4% -61,2%

Gulfstream 45,9% 54,1% 1.985 -69,7% -49,2% -62,8%

Learjet 43,9% 56,1% 1.654 -44,2% -56,4% -50,3%

Daher-Socata 0,0% 100,0% 1.380 -9,2% -100,0% -10,6%

Piper Aircraft 4,2% 95,8% 1.052 -24,5% 2,3% -23,7%

Piaggio SpA 19,6% 80,4% 911 -15,7% -38,1% -21,3%

Honda 43,6% 56,4% 179 -1,0% -55,2% -35,1%

Total 53,5% 46,5% 43.170 -35,7% -43,8% -40,3%

100% © 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 43 Departures by Aircraft Weight Band and Mission, June 2020 WINGX Band A saw some YOY growth in June, with declines in all other bands, increasing with MTOW, although G relatively less affected in Commercial activity.

DEPARTURES BY MISSION GROWTH PROFILE

Commercial Departures YOY Non Commercial YOY Commercial YOY Total Non Commercial

J [100000 +] 0,0% 100,0% 30 -72,0% -100,0% -77,4%

I [60000-99999] 30,9% 69,1% 112 -69,7% -89,2% -80,5%

H [36000-59999] 55,4% 44,6% 1.080 -73,9% -55,9% -66,3%

G [25000-35999] 56,2% 43,8% 637 -62,4% -44,4% -54,0%

F [18000-24999] 71,0% 29,0% 1.415 -65,5% -57,9% -60,4%

E [15000-17999] 60,0% 40,0% 583 -45,7% -46,5% -46,2%

D [11000-14999] 77,9% 22,1% 529 -33,8% -47,7% -45,1%

C [8000-10999] 72,7% 27,3% 2.060 -33,5% -41,9% -39,8%

B [3000-7999] 43,1% 56,9% 12.228 -15,8% -32,7% -24,0%

A [0-2999] 2,7% 97,3% 1.780 -16,0% 22,0% -15,3%

Total 53,2% 46,8% 20.454 -36,1% -44,3% -40,7%

100% Ø 3.719

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 44 Departures by Top 15 Aircraft Types, June 2020 WINGX King Air 200 and PC-12 and Citation Excel/XLS busiest in June, with TBM-700 and CJ1 relatively resilient, in contrast to Global Express and Challenger 600, >60% YOY declines. Departures 4.200

4.000 King Air 200 3.800

3.600

3.400 Cessna-Citation Excel / XLS Pilatus PC-12 Cessna-Citation CJ2 2.000

1.800 Embraer-Phenom 300 Cessna-Citation Mustang 1.600 Bombardier-Challenger 300 / 350 Cessna-Citation CJ1 / CitationJet / 525 1.400 Embraer-Legacy 600 / 650 1.200 Bombardier-Global Express/6000/6500 Bombardier-Challenger 600/601/604/605/650 1.000 40,0% Hawker-Hawker 700/750/800/850/900 Piaggio-P-180 Avanti 60,0% 800 Cessna-Citation Latitude Socata-TBM-700

600 Top 15 Other 400

200 YOY Change -66 -64 -62 -60 -58 -56 -54 -52 -50 -48 -46 -44 -42 -40 -38 -36 -34 -32 -30 -28 -26 -24 -22 -20 -18 -16 -14 -12 -10 -8 -6 -4

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 45 Departures by Top 15 Aircraft Types, Commercial only, June 2020 WINGX CJ1 was the outlier in June with strong YOY growth in commercial activity. Citation Mustang was next most resilient. Citation Excel was easily the most in demand.

Departures 3.400 3.350 3.300 3.250 3.200 3.150 Cessna-Citation Excel / XLS Cessna-Citation CJ1 / CitationJet / 525 3.100 3.050 3.000

1.450 Cessna-Citation CJ2 1.400 1.350 King Air 200 1.300 1.250 Cessna-Citation Mustang 1.200 Embraer-Phenom 300 1.150 1.100 Bombardier-Challenger 300 / 350 1.050 1.000 Hawker-Hawker 700/750/800/850/900 Embraer-Legacy 600 / 650 950 900 850 800 Bombardier-Global Express/6000/6500 750 Cessna-Citation Latitude 700 650 31,7% 600 Bombardier-Challenger 600/601/604/605/650 550 500 450 Dassault-Falcon 2000 Cessna-Citation CJ3 68,3% 400 350 Hawker Beechjet 400/400A /Nextant 300 250 200 Top 30 150 Other 100 50 0 YOY: % change -80 -78 -76 -74 -72 -70 -68 -66 -64 -62 -60 -58 -56 -54 -52 -50 -48 -46 -44 -42 -40 -38 -36 -34 -32 -30 -28 -26 -24 -22 -20 -18 -16 -14 -12 -10 -8 -6 -4 -2 0 2 4 6 8 10 12 14 Commercial

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 46 Departures by Top 15 Aircraft Types, Non Commercial only, June 2020 WINGX King Air 200 activity was well up YOY, and TBM-700 and CJ2 were close to normal. Biggest declines in the larger cabins, EG Global Express non-commercial activity fell by 70%.

Departures 3.150 3.100 3.050 3.000 2.950 Pilatus PC-12 2.900 2.850 Cessna-Citation CJ1 / CitationJet / 525 2.800 2.750 Piper-Malibu Meridian 2.700 Bombardier-Challenger 600/601/604/605/650 2.650 Piaggio-P-180 Avanti 2.600 2.550 King Air 200 Cessna-Citation Mustang Socata-TBM-700 800 750 700 650 Learjet 45 600 550 500 King Air 350 450 38,0% 400 350 62,0% Cessna-Citation CJ2 300 King Air 90 250 Bombardier-Global Express/6000/6500 200 Top 15 150 Cessna-Citation Excel / XLS 100 Other Embraer-Phenom 300 50 0 YOY: % change -80 -75 -70 -65 -60 -55 -50 -45 -40 -35 -30 -25 -20 -15 -10 -5 0 5 10 15 20 25 30 35 40 45 50 Non Commercial

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 47 Departures by Top 30 Airports YOY and YTD growth, June 2020 WINGX LTBA, LYBE and EDXW all saw some growth. EGLF and EGGW continued to see severe declines, 70% drops in activity in June. Top airport LFPB is down 44% in H1 2020 (YTD; vs H1-19).

TOP 30 AIRPORTS: June 2020 Departures June 2020 YOY Growth YTD Growth

LFPB,LBG,Paris-Le Bourget ,Paris 1.249 -55,2% -44,1% LSGG,GVA,Geneva Cointrin Intl. ,Geneva 983 -36,0% -36,6% LFMN,NCE,Nice-Côte d’Azur ,Nice 886 -54,6% -52,2% LSZH,ZRH,Zurich ,Zurich 828 -26,1% -28,5% UUWW,VKO,Vnukovo Intl. ,Moscow 644 -41,1% -30,4% LOWW,VIE,Vienna Intl. ,Vienna 550 -20,3% -32,9% EGLF,FAB,Farnborough ,Farnborough 518 -67,2% -44,9% EGKB,BQH,London Biggin Hill ,London 516 -36,4% -25,2% LFMD,CEQ,Cannes-Mandelieu ,Cannes/Mandelieu 513 -36,0% -53,6% LTBA,ISL,Ataturk Intl. ,Istanbul 497 10,0% -20,2% EDDM,MUC,Munich ,Munich 488 -27,7% -32,9% LIML,LIN,Milano Linate ,Milan 483 -53,6% -55,1% EDDB,SXF,Berlin-Schoenefeld ,Berlin 467 -23,6% -30,9% EGGW,LTN,London Luton ,London 422 -68,9% -45,7% LIRA,CIA,Ciampino–G. B. Pastine Intl. ,Rome 420 -48,8% -44,4% LYBE,BEG,Belgrade Nikola Tesla ,Belgrade 418 27,1% -15,6% EDDH,HAM,Hamburg ,Hamburg 406 -4,9% -21,6% LKPR,PRG,Václav Havel Prague,Prague 401 -25,0% -31,0% LIEO,OLB,Olbia Costa Smeralda ,Olbia (SS) 365 -41,5% -56,9% LGAV,ATH,Eleftherios Venizelos Intl. ,Athens 349 -43,5% -27,6% 32,4% EDDL,DUS,Dusseldorf ,Dusseldorf 298 -15,3% -28,5% EBBR,BRU,Brussels ,Brussels 296 -36,8% -30,9% EHAM,AMS,Amsterdam Schiphol,Amsterdam 286 -52,3% -41,4% EDDK,CGN,Cologne Bonn ,Cologne 282 -37,1% -26,3% EDDS,STR,Stuttgart ,Stuttgart 278 -40,7% -41,0% ENTC,TOS,Tromsø ,Tromsø 272 -4,2% -11,7% 67,6% EDXW,GWT,Westerland Sylt ,Westerland 262 41,6% -5,4% ENGM,OSL,Oslo Gardermoen ,Oslo 259 -37,6% -23,6% LFBD,BOD,Bordeaux-Mérignac ,Bordeaux/Mérignac 249 -27,4% -34,1% LEMG,AGP,Málaga ,Málaga 244 -48,2% -25,4% Top 30 Other

3. Middle East

© 2020 by WINGX ADVANCE GMBH 7/14/20 | 49 Month-Month Trends in the Middle East so far this year vs last year WINGX Flights up by 230 departures on May, however still more than 500 fewer sectors than in June - 19. Total activity in H1 this year, more than 8K flights, down 24% on 2019.

-23,8% Departures 10.893 11.000 10.000

9.000 8.296 8.000 7.000 6.000 5.000 +26,5% +17,0% 4.000 -30,2% -62,2% -48,7% -30,7% 3.000 2.048 1.909 1.962 1.967 1.940 2.129 1.984 2.175 1.619 1.632 1.773 1.662 1.639 1.797 2.000 1.370 1.229 996 2019 1.000 744 0 0 0 0 0 0 2020 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD

1000 429 277 -592 0 -1223 -1000 -944 -2000 -544 -3000 -4000 -2597 Delta -5000 -6000 ∆ JAN ∆ FEB ∆ MAR ∆ APR ∆ MAY ∆ JUN ∆ JUL ∆ AUG ∆ SEP ∆ OCT ∆ NOV ∆ DEC ∆ YTD

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 50 Departures by Origin Country and YOY growth, June 2020 WINGX UAE had most activity, 364 departures, 27% decline YOY, fairly resilient. Flight activity in Saudi Arabia continues to lag significantly, flights down 51% YOY, and 31% decline YTD.

June 2020: YOY TREND Departures YOY: Growth YTD: Growth

United Arab Emirates 364 -26,9% -18,3%

Saudi Arabia 322 -50,5% -31,3%

Lebanon 118 -35,5% -36,4%

Iraq 103 63,5% 38,5%

Afghanistan 100 92,3% 41,7%

Azerbaijan 74 -8,6% -43,5%

Kuwait 53 -46,5% -32,0%

Jordan 45 -46,4% -34,4%

Armenia 30 -23,1% -8,9%

Iran 19 -17,4% -50,0%

Syria 1 100,0%

Grand Total 1.229-30,7% -23,8%

0 0

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 51 Arrivals from the Middle East, by Destination Region, June 2020 WINGX Flights within the Middle East were more resilient, down only 10%. Connections with Europe were down by half in June.

Departures 2020 ARRIVAL YOY REGION: Departures 2019

697 Middle East -10,4% 778

400 Europe -48,4% 775

83 Asia & ANZ -37,6% 133

49 Africa -29,0% 69

0 North America -100,0% 18

1.229 Grand Total -30,7% 1.773

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 52 Top 30 Airport Pairs, June 2020 WINGX Top pair OEJN-OERK saw largest decreases YOY. Other busy pairs saw some increases, notably OMDW-VABB.

June 2020: YOY TREND Flights YOY Delta

OEJN-OERK 42 -60 OERK-OEJN 40 -57 OMDB-OERK 15 4 OERK-OMDB 14 3 OLBA-HECA 13 7 OMDW-VABB 12 11 OLBA-ORBI 10 6 OLBA-LCLK 10 -11 OERK-OMDW 10 5 OLBA-LGAV 10 2 OEGS-OERK 9 1 OMAD-OMDW 9 0 ORBI-OLBA 9 6 OMDW-UUWW 8 6 OERK-OENG 8 7 OEPA-OERK 8 5 UBBB-LTBA 8 7 OENG-OERK 7 4 ORER-LTAC 7 1 ORER-LTBA 7 0 OMDW-OERK 7 -2 OEDF-OERK 7 -2 OMDW-OLBA 7 4 OAKB-UGTB 7 OAMS-OAKB 7 4 ORSU-LTBA 6 ORBI-LTBA 6 5 OMDW-OMAD 6 -2 OERY-EDDK 6 5 ORBI-ORER 6

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 53 Departures by Top 15 Aircraft Types, June 2020 WINGX A cluster of aircraft had some YOY growth in June, notably Phenom 100, Challenger 850 and King Air 350. Legacy activity was flat, whereas Global Express sectors down almost 80%.

Departures 180 170 Gulfstream G300/350/400/450 160 150 140 Bombardier-Challenger 600/601/604/605/650 130 120 110 100 Embraer-Legacy 600 / 650 90 80 70 Embraer-Phenom 100 Gulfstream-G600/650 60 Hawker-Hawker 700/750/800/850/900 27,9% 50 Embraer-Legacy 500 / Praetor 600 Bombardier-Challenger 800/850 Bombardier-Global Express/6000/6500 Cessna 208 Caravan 40 King Air 350 72,1% 30 Learjet 60 Learjet 45 20 Dassault-Falcon 2000 Top 15 10 Gulfstream-GV/500/550 Other 0 YOY Change -90 -80 -70 -60 -50 -40 -30 -20 -10 0 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 5.210

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 54 Departures by Top 30 Airports and YOY growth, June 2020 WINGX A mixed bag with the likes of OMDW, OAKB, OAMS and OETB seeing strong YOY growth, whereas OERK and OEJN saw YOY drops of more than 50% activity in June.

TOP 30 AIRPORTS: June 2020 Departures June 2020 YOY Growth YTD Growth

OMDW,DWC,Al Maktoum Intl. ,Jebel Ali 178 40,2% -9,2% OERK,RUH,King Khaled Intl. ,Riyadh 127 -51,9% -31,6% OLBA,BEY,Beirut Rafic Hariri Intl. ,Beirut 118 -35,5% -36,4% OEJN,JED,King Abdulaziz Intl. ,Jeddah 83 -67,8% -49,6% UBBB,GYD,Heydar Aliyev Intl. ,Baku 71 -2,7% -42,7% OMDB,DXB,Dubai Intl. ,Dubai 69 -35,5% -2,8% ORER,EBL,Erbil Intl. ,Arbil 55 48,6% 56,3% OKBK,KWI,Kuwait Intl. ,Kuwait City 52 -46,4% -32,0% OAKB,KBL,Hamid Karzai Intl. ,Kabul 50 354,5% 44,9% OMAA,AUH,Abu Dhabi Intl. ,Abu Dhabi 41 -45,3% -35,6% ORBI,BGW,Baghdad Intl. ,Baghdad 36 100,0% 2,7% OEDF,DMM,King Fahd Intl. ,Ad Dammam 36 24,1% -26,3% OMAD,AZI,Bateen ,N/A 36 -69,0% -43,4% UDYZ,EVN,Zvartnots Intl. ,Yerevan 30 -23,1% -9,0% OAMS,MZR,Mazar I Sharif ,N/A 28 300,0% 119,2% OJAM,ADJ,Amman-Marka Intl. ,Amman 26 -45,8% -27,5% OJAI,AMM,Queen Alia Intl. ,Amman 17 -15,0% -43,3% 4,6% OAKN,KDH,Kandahar ,N/A 17 0,0% 17,5% OMRK,RKT,Ras Al Khaimah Intl. ,Ras Al Khaimah 12 -36,8% -39,4% OEGS,ELQ,Gassim ,N/A 11 -15,4% -32,3% ORSU,ISU,Sulaymaniyah Intl. ,Sulaymaniyah 10 42,9% 95,5% OETB,TUU,Tabuk ,Tabuk 10 400,0% 1.087,5% OEAB,AHB,Abha Regional ,Abha 10 233,3% 100,0% OEPA,AQI,Al Qaisumah/Hafr Al Batin ,Qaisumah 9 125,0% -5,6% OMSJ,SHJ,Sharjah Intl. ,Sharjah 8 -74,2% -47,2% OMBY,XSB,Sir Bani Yas ,N/A 7 633,3% OENG,EAM,Nejran ,N/A 7 40,0% 40,0% OERY,XXN,Riyadh Air Base,Riyadh 7 16,7% -21,1% OMAL,AAN,Al Ain Intl. ,Al Ain 6 -53,8% 129,4% 95,4% OMFJ,FJR,Fujairah Intl. ,N/A 5 -37,5% -15,2% Top 30 Other

4. Africa

© 2020 by WINGX ADVANCE GMBH 7/14/20 | 56 Month-Month Trends in Africa so far this year vs last year WINGX Business aviation activity trends recovered slightly in June, down 38% YOY. Due to early year gains, the overall trend is fairly flat only 7.7% down YTD.

-7,7% Departures 14.000 13.373 13.000 12.346 12.000 11.000 10.000 9.000 8.000 7.000 +83,0% 6.000 +67,1% +4,7% 5.000 -72,8% -53,2% -38,1% 4.000 3.458 3.204 3.159 3.514 2.817 2.896 2.718 2.942 3.000 2.332 2.441 2.580 2.423 1.890 1.917 2.231 1.499 2.000 1.043 2019 701 1.000 0 0 0 0 0 0 2020 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD

3000 109 1287 2000 1568 -1879

1000 -1188 0 -924 -1000 -1027 Delta -2000

-3000 ∆ JAN ∆ FEB ∆ MAR ∆ APR ∆ MAY ∆ JUN ∆ JUL ∆ AUG ∆ SEP ∆ OCT ∆ NOV ∆ DEC ∆ YTD

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 57 Departures by Origin Country and YOY growth, June 2020 WINGX Nigeria saw robust recovery in June, with flights up 4% YOY. South Africa is fairly resilient, with Egypt down by 40%, and Morocco worst hit, flights down >80% June YOY.

June 2020: YOY TREND Departures YOY: Growth YTD: Growth Nigeria 218 4,3% 14,4% South Africa 214 -15,4% 0,2% Egypt 176 -37,8% -29,7% Morocco 106 -80,9% -48,8% Algeria 71 97,2% -3,1% Kenya 66 -15,4% 106,5% Tunisia 57 -17,4% -20,3% Libya 56 69,7% 3,5% Tanzania 39 -78,9% 52,2% Senegal 34 -26,1% -18,8% Congo (Brazzaville) 32 100,0% 104,4% Cape Verde 31 -31,1% -13,2% Niger 30 150,0% 55,1% Burkina Faso 27 58,8% 92,9% Botswana 27 -89,3% 21,3% Uganda 27 50,0% 54,7% Côte d’Ivoire 24 -11,1% 18,0% South Sudan 21 587,5% Congo (Kinshasa) 19 -5,0% -7,7% Angola 19 -50,0% -16,5% Mali 17 88,9% 86,0% Djibouti 16 -11,1% 55,6% Ghana 15 -44,4% -23,0% Chad 14 100,0% -6,2% Madagascar 12 9,1% 52,8% Togo 12 20,0% 172,4% Guinea 11 1.000,0% 139,1% Mauritania 11 175,0% 50,0% Ethiopia 10 66,7% -5,5% Rwanda 9 -40,0% 4,6% Grand Total 1.499 -38,1% -7,7%

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 58 Arrivals from Africa, by Destination Region, June 2020 WINGX Intra-regional flight activity was down by 44% YOY, worse affected than flights to Europe, down only 27%, and Middle East connections, declined only 9% in June.

Departures 2020 ARRIVAL YOY REGION: Departures 2019

878 Africa -43,9% 1.565

536 Europe -26,8% 732

65 Middle Eat -8,5% 71

9 North America -69,0% 29

5 Asia Pac & ANZ -64,3% 14

6 Latin America -50,0% 12

1.499 Grand Total -38,1% 2.423

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 59 Top 30 Airport Pairs, June 2020 WINGX DNMM-DNAA was the key pair, with solid YOY growth in activity (one-way). Also strong growth on HLLM-LTBA and DNAA-DKNN. Big drop in activity on HTDA-HTZA.

June 2020: YOY TREND Flights YOY Delta

DNMM-DNAA 70 30 DNAA-DNMM 26 -10 DNAA-DNKN 25 13 DNKN-DNAA 21 10 FALA-FAOR 19 10 HLLM-LTBA 17 15 FAOR-FALA 12 3 HUEN-HSSJ 11 HLLB-LMML 10 3 DNMM-EGSS 10 8 DAUH-LIRA 10 FCPP-FCBB 10 6 HECA-OLBA 9 1 FCBB-FCPP 9 4 GMME-GMMX 8 1 HECA-LSGG 8 5 GMMX-GMME 8 4 GMME-LFPB 8 2 HLLM-LIRA 7 3 HSSJ-HUEN 7 HSSJ-HKJK 7 FALA-FACT 7 -2 HECA-LGAV 6 2 HSSJ-HKNW 6 HKMO-HKJK 6 4 HKNW-HKMO 6 HTDA-HTZA 6 -44 HESN-LLBG 6 4 HECA-OMDW 6 4 DNMM-EGGW 6 3

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 60 Departures by Top 15 Aircraft Types, June 2020 WINGX Half of the busiest aircraft in June-20 saw increases in YOY activity, notably Challenger 600 and King Air 200. Global Express flights were down by 60% YOY.

Departures 140

130

120 Bombardier-Challenger 600/601/604/605/650

110 King Air 200 Cessna 208 Caravan 100 Cessna-Citation Excel / XLS 90 Dassault-Falcon 900

70 Gulfstream-GV/500/550 Embraer-Legacy 600 / 650 Gulfstream G300/350/400/450 Hawker-Hawker 700/750/800/850/900 60

50 Pilatus PC-12 Learjet 45 40 Embraer-Phenom 300 31,9%

30 Dassault-Falcon 7X 68,1% Bombardier-Global Express/6000/6500 Cessna-Citation Bravo 20 Top 15 10 Other

0 YOY Change -100 -90 -80 -70 -60 -50 -40 -30 -20 -10 0 10 20 30 40 50 700 710 720

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 61 Departures by Top 30 Airports and YOY growth, June 2020 WINGX GMMN, GMMX and FBMN both saw more than 80% drops in activity in June. DNMM is now up 40% more than in 2019. Almost 50% airports had increased traffic in June 2020.

TOP 30 AIRPORTS: June 2020 Departures June 2020 YOY Growth YTD Growth

HECA,CAI,Cairo Intl. ,Cairo 117 -24,0% -23,9% DNMM,LOS,Murtala Muhammed Intl. ,Lagos 107 40,8% 40,6% DNAA,ABV,Nnamdi Azikiwe Intl. ,Abuja 86 -16,5% 8,6% FALA,HLA,Lanseria ,Johannesburg 52 -5,5% 15,5% DTTA,TUN,Tunis Carthage Intl. ,Tunis 50 -2,0% -9,7% FAOR,JNB,OR Tambo Intl. ,Johannesburg 49 19,5% 3,1% FACT,CPT,Cape Town Intl. ,Cape Town 44 -26,7% 9,6% GMME,RBA,Rabat-Salé ,Rabat 44 -75,0% -57,7% HLLM,MJI,Mitiga ,Tripoli 36 200,0% 32,5% HKNW,WIL,Nairobi Wilson ,Nairobi 29 -25,6% 121,1% DRRN,NIM,Diori Hamani Intl. ,Niamey 29 141,7% 52,2% DFFD,OUA,Ouagadougou ,Ouagadougou 27 58,8% 92,9% HUEN,EBB,Entebbe Intl. ,Kampala 27 50,0% 54,7% GVAC,SID,Amílcar Cabral Intl. ,Espargos 26 -33,3% -16,7% DIAP,ABJ,Port Bouet ,Abidjan 24 -11,1% 18,0% DNKN,KAN,Mallam Aminu Intl. ,Kano 23 27,8% 26,5% DAAG,ALG,Houari Boumediene ,Algiers 22 46,7% -12,5% HSSJ,JUB,Juba Intl. ,Juba 21 587,5% HLLB,BEN,Benina Intl. ,Benghazi 20 17,6% -14,2% GMMN,CMN,Mohammed V Intl. ,Casablanca 20 -82,5% -42,9% GOBD,DSS,Blaise Diagne Intl. ,Dakar 20 -4,8% -6,8% 31,6% HKMO,MBA,Mombasa Moi Intl. ,Mombasa 19 850,0% 253,3% DAUH,HME,Oued Irara ,Hassi Messaoud 19 850,0% 336,4% GMMX,RAK,Menara ,Marrakech 19 -81,7% -44,1% FCBB,BZV,Maya-Maya ,Brazzaville 18 50,0% 45,3% HDAM,JIB,Djibouti-Ambouli ,Djibouti City 16 -11,1% 55,6% FNLU,LAD,Quatro de Fevereiro ,Luanda 16 -50,0% -18,3% 68,4% HKJK,NBO,Jomo Kenyatta Intl. ,Nairobi 16 -44,8% 49,1% FBMN,MUB,Maun ,Maun 15 -93,6% 31,1% HESN,ASW,Aswan Intl. ,Aswan 15 66,7% 16,3%

Top 30 Other

5. Latin America

© 2020 by WINGX ADVANCE GMBH 7/14/20 | 63 Month-Month Trends in Latin America so far this year vs last year WINGX Business aviation activity didn’t show much activity growth in June, activity down by 48% YOY. 52K flights so far this year compare to 91K in H1-19, a fall of 43%.

Departures -42,8% 100.000 90.832 90.000 80.000 70.000 60.000 51.975 50.000 40.000 -10,9% -8,4% -35,7% -79,9% -67,7% 30.000 -48,4% 16.947 16.898 17.247 20.000 14.735 13.957 14.769 13.526 13.781 15.035 13.134 12.786 10.905 13.515 13.046 13.284 6.973 2019 10.000 3.403 4.774 0 0 0 0 0 0 2020 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD

0 -1171 -1601 -6042 -10000 -13495 -20000 -30000 -9995 -6553 -40000 -50000 -60000 -38857 Delta -70000 -80000 ∆ JAN ∆ FEB ∆ MAR ∆ APR ∆ MAY ∆ JUN ∆ JUL ∆ AUG ∆ SEP ∆ OCT ∆ NOV ∆ DEC ∆ YTD

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 64 Departures by Origin Country and YOY growth, June 2020 WINGX Mexico remains the busiest market but with significant deficit, flights this month down by 61% YOY. Some countries, notably Colombia, had some growth this month.

June 2020: YOY TREND Departures YOY: Growth YTD: Growth

Mexico 3.665 -60,8% -55,4% Brazil 2.048 -9,1% -1,4%

Colombia 625 10,2% 12,1% Saint Barthalemy 169 -67,0% -37,3% Argentina 140 -11,9% -15,9% Ecuador 100 -47,1% -10,2% Chile 67 -46,4% 0,1% Paraguay 34 -8,1% 12,3% Uruguay 21 -32,3% 41,0% Venezuela 18 -82,2% -24,5% Caribbean Netherlands 17 0,0% -3,2% Bolivia 17 -52,8% -43,4% Curacao 17 -69,1% -44,9% Aruba 12 -79,3% -40,5% Guyana 11 22,2% -12,8% Suriname 6 -25,0% 48,7% French Guiana 5 400,0% 50,0% Peru 1 -94,1% 3,5% São Tomé and Principe 0 -100,0% 0,0% Grand Total 6.973 -48,4% -42,8%

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 65 Arrivals from Latin America, by Destination Region, June 2020 WINGX Flights within Latin America were equally as depressed as connections with main connecting region North America.

ARRIVAL Departures 2020 YOY REGION: Departures 2019

5.270 Latin America -48,4% 10.212

1.665 North America -48,4% 3.229

24 Europe -63,6% 66

13 Africa -31,6% 19

1 Asia Pac & ANZ 0

6.973 Grand Total -48,4% 13.526

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 66 Top 30 Airport Pairs, June 2020 WINGX MMAN-KBRO was busiest pair and also saw strong YOY growth. Biggest drop was MMAN- MMTO and MMTO-MMGL.

June 2020: YOY TREND Flights YOY Delta

MMAN-KBRO 186 95 MMAA-MMTO 77 -78 MMTO-MMZH 70 -7 MMTO-MMAA 69 -52 MMZH-MMTO 67 10 TFFJ-TFFG 61 -50 MMGL-MMPR 55 -28 MMGL-MMTO 53 -106 MMAN-KSAT 51 -17 MMTO-MMAN 49 -112 MMAN-MMTO 49 -130 MMUN-MMTO 48 -44 TFFJ-TFFR 46 -36 MMTO-KOPF 46 11 SBKP-SBAE 45 MMPR-MMTO 45 -18 SBAE-SBKP 43 MMTO-MMGL 43 -134 MMPR-MMGL 42 -39 MMTO-MMPR 39 -16 SBSP-SBBR 38 -4 SBBR-SBSP 36 -1 SKBO-SKRG 33 11 SKBQ-SKBO 32 22 TFFJ-TJSJ 30 -61 MMTO-KFLL 30 15 MMTO-MMSD 29 -5 MMSD-KSDM 29 -19 SEQM-SEGU 28 -10 SEGU-SEQM 27 -12

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 67 Departures by Top 15 Aircraft Types, June 2020 WINGX Cessna Caravan and Phenom 300 were busiest platforms, and King Air 200 the most resilient, with Hawker 700-900 registering severe declines. Departures 650

600 Embraer-Phenom 300 550

500 Cessna 208 Caravan

450 Pilatus PC-12 400

350 Hawker-Hawker 700/750/800/850/900 King Air 90 Cessna-Citation Sovereign 300 Learjet 45 King Air 350 250 King Air 200 Learjet 60 Embraer-Legacy 500 / Praetor 600 200 39,1%

150 60,9% Embraer-Phenom 100 100 Learjet 35/36 Top 15 Bombardier-Challenger 600/601/604/605/650 50 Other Gulfstream G300/350/400/450 0 YOY Change -70 -68 -66 -64 -62 -60 -58 -56 -54 -52 -50 -48 -46 -44 -42 -40 -38 -36 -34 -32 -30 -28 -26 -24 -22 -20 -18 -16 -14 -12 -10 -8 -6

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 68 Departures by Top 30 Airports and YOY growth, June 2020 WINGX MMUN, MMQT and MMLO all saw more than 70% drops in activity in June. SBKP saw largest YOY growth. Also strong growth at SBBR, SKBO, SBJD.

TOP 30 AIRPORTS: June 2020 Departures June 2020 YOY Growth YTD Growth

MMTO,TLC,Licenciado Adolfo Lopez Mateos Intl. ,Toluca 788 -63,9% -55,8% MMAN,NTR,Del Norte Intl. ,N/A 541 -47,8% -51,3% SBSP,CGH,Congonhas ,São Paulo 350 -26,8% -3,8% SKBO,BOG,El Dorado Intl. ,Bogota 237 15,6% 19,4% MMSD,SJD,Los Cabos Intl. ,San José del Cabo 234 -41,6% -33,7% MMGL,GDL,Don Miguel Hidalgo Y Costilla Intl. ,Guadalajara 209 -61,6% -54,1% MMPR,PVR,Licenciado Gustavo Díaz Ordaz Intl. ,Puerto Vallarta 182 -45,8% -41,5% TFFJ,SBH,Gustaf III ,Gustavia 169 -67,0% -37,3% SBBR,BSB,Presidente Juscelino Kubistschek Intl. ,Brasília 155 14,8% -0,7% MMSL,N/A,Cabo San Lucas Intl. ,Cabo San Lucas 133 -20,4% -28,2% SBBH,PLU,Pampulha - Carlos Drummond de Andrade ,Belo Horizonte 124 6,0% 4,6% MMMY,MTY,General Mariano Escobedo Intl. ,Monterrey 116 -53,6% -66,0% SBJD,N/A,Comte. Rolim Adolfo Amaro–Jundiaí State ,Jundiaí 112 69,7% 39,4% MMAA,ACA,General Juan N Alvarez Intl. ,Acapulco 111 -56,3% -41,9% SBRJ,SDU,Santos Dumont ,Rio De Janeiro 101 -28,9% -21,8% MMUN,CUN,Cancún Intl. ,Cancún 98 -75,3% -71,2% MMZH,ZIH,Ixtapa Zihuatanejo Intl. ,Ixtapa 91 9,6% -22,3% SBKP,VCP,Viracopos Intl. ,Campinas 87 222,2% 54,8% SDCO,SOD,Sorocaba ,Sorocaba 79 5,3% 3,9% MMQT,QRO,Querétaro Intercontinental ,Querétaro 73 -71,5% -59,3% SKBQ,BAQ,Ernesto Cortissoz Intl. ,Barranquilla 68 54,5% 24,7% MMIO,SLW,Plan De Guadalupe Intl. ,Saltillo -55,9% -59,7% 33,9% 67 MMLO,BJX,Del Bajío Intl. ,Silao 65 -74,2% -59,2% SBGR,GRU,Guarulhos - Governador André Franco Montoro Intl. ,São Paulo 63 -64,0% -30,6% MMVR,VER,General Heriberto Jara Intl. ,Veracruz 62 -63,3% -62,0% SBGO,GYN,Santa Genoveva ,Goiânia 62 59,0% 42,9% SBEG,MAO,Eduardo Gomes Intl. ,Manaus 61 7,0% 8,0% -56,0% 66,1% MMCL,CUL,Bachigualato Federal Intl. ,Culiacán 58 -58,0% -62,6% MMSP,SLP,Ponciano Arriaga Intl. ,San Luis Potosí 57 -66,9% -56,3% MMMD,MID,Licenciado Manuel Crescencio Rejon Int ,Mérida 54 -60,3%

Top 30 Other

6. Asia-Pacific & ANZ

© 2020 by WINGX ADVANCE GMBH 7/14/20 | 70 Month-Month Trends in Australasia & Asia Pacific so far this year vs last year WINGX Activity significantly recovered in June, with flights down by only 13% YOY, and YTD, trailing 19.3% behind H1-19.

Departures -19,3% 100.000 92.273 90.000

80.000 74.454 70.000 60.000 50.000

40.000 +15,8% +1,6% -24,9% -54,1% -34,8% -13,0% 30.000 20.000 16.522 15.035 15.281 16.882 16.289 15.684 15.233 16.774 16.068 17.058 14.272 12.686 14.111 12.272 14.676 14.917 10.220 2019 10.000 7.473 0 0 0 0 0 0 2020 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD

5000 2250 246 0 -4196 -5000 -8816 -10000 -5464 -15000 -1839 -20000 -25000 -17819 Delta -30000 -35000 -40000 ∆ JAN ∆ FEB ∆ MAR ∆ APR ∆ MAY ∆ JUN ∆ JUL ∆ AUG ∆ SEP ∆ OCT ∆ NOV ∆ DEC ∆ YTD

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 71 Departures by Origin Country and YOY growth, June 2020 WINGX Australia is now least-affected, with only 5% deficit YOY. China flight activity is down by 22% and 20% for H1. India saw some activity growth this month.

June 2020: YOY TREND Departures YOY: Growth YTD: Growth

Australia 7.516 -4,7% -14,9% New Zealand 1.608 -22,2% -19,6% China 598 -22,1% -42,1% India 531 2,9% -17,2% Japan 333 -24,1% -13,0% Malaysia 205 -18,7% -34,1% Hong Kong 185 -15,5% -13,4% Indonesia 157 -29,0% -37,6% Thailand 124 -29,5% -8,7% Singapore 106 -50,9% -46,7% Papua New Guinea 106 -15,9% 68,6% Guam 99 -1,0% -1,7% Philippines 96 -52,2% -56,1% Northern Mariana Islands 94 -3,1% -10,3% South Korea 83 -6,7% -37,1% Qatar 73 -33,6% -8,7% Cambodia 61 38,6% -9,4% Bahrain 53 -27,4% -27,4% Taiwan 39 -70,0% -54,5% Vietnam 39 -35,0% -38,7% Oman 37 -17,8% -6,5% French Polynesia 33 -44,1% 49,1% Pakistan 32 146,2% 106,9% Maldives 13 -13,3% -25,7% Fiji 11 -57,7% 14,9% New Caledonia 11 -45,0% -21,4% Sri Lanka 6 -40,0% -17,9% Brunei 5 -44,4% -34,4% Macau 5 -87,8% -63,1% Laos 3 200,0% 73,3% Grand Total 12.272 -13,0% -19,3%

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 72 Arrivals from Australasia-Pacific, by Destination Region, June 2020 WINGX Inter-regional traffic was down by only 11% YOY in June-20. Long sector connections are well back, with Europe -71%, and with North America, -64%.

Departures 2020 ARRIVAL YOY REGION: Departures 2019

11.990 Asia Pac & ANZ -10,7% 13.424

98 Europe -70,7% 334

81 North America -64,0% 225

93 Middle East -19,8% 116

6 Africa 0,0% 6

0 Latin America -100,0% 1

12.268 Grand Total -13,0% 14.106

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 73 Top 30 Airport Pairs, June 2020 WINGX VHHH-ZGSD had 76 flights, flat YOY. Next busiest pairs were VIDP-VABB and YMEN-YSSY. Most of the top pairs showed some growth.

June 2020: YOY TREND Flights YOY Delta

VHHH-ZGSD 76 VIDP-VABB 29 1 YMEN-YSSY 28 12 YSSY-YMEN 27 11 ZGSZ-ZBAA 27 7 ZBAA-ZGSZ 25 11 NZWN-NZNR 22 16 YWLM-YSNW 21 17 VABB-VIDP 21 -11 WIHH-WARR 20 6 NZNR-NZWN 20 12 ZBAA-ZSSS 18 0 WMSA-WBGG 15 12 WBGG-WMSA 15 6 YWLM-YWOL 14 12 VVNB-VVTS 14 7 WSSL-WIHH 14 -33 VDPP-WSSL 14 9 VABB-OMDW 14 13 WARR-WIHH 13 -2 RJTT-PANC 13 11 YSBK-YMEN 12 11 YPJT-YBRM 12 3 YBNA-YMEN 12 ZSSS-ZBAA 11 -8 ZSSS-ZGSZ 11 8 YBTL-YBCS 11 4 YMEN-YSBK 11 7 VVTS-VVNB 11 4 ZSFZ-ZSSS 10 9

*Business Jets only; props excluded

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 74 Departures by Top 15 Aircraft Types, June 2020 WINGX Strong gains for Prop aircraft, PC12, King Air 350, also for midsize jet Hawker 700-900, and VLJ Citation Mustang. Larger business jet activity still way behind, EG Gulfstream 600/650.

Departures 3.200

3.100

3.000 King Air 200 Cessna 208 Caravan 2.000

1.900 Pilatus PC-12 King Air 350 800

700 Hawker-Hawker 700/750/800/850/900 600 Bombardier-Global Express/6000/6500 500 Gulfstream-GV/500/550 Gulfstream G300/350/400/450 Bombardier-Challenger 600/601/604/605/650 15,6% 400 King Air 90 Cessna-Conquest 300 Gulfstream-G600/650 84,4% 200 Dassault-Falcon 2000 Cessna-Citation Mustang Top 15 100 Embraer-Legacy 600 / 650 Other 0 YOY Change -60 -50 -40 -30 -20 -10 0 10 20 30 40 50 60 70 80 90 100 110 120 130 140

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 75 Departures by Top 30 Airports and YOY growth, June 2020 WINGX Busiest airports were in Australia, with YMEN and YPAD both seeing some growth. VHHH departures were down 16% and trending down 13% YTD.

TOP 30 AIRPORTS: June 2020 Departures June 2020 YOY Growth YTD Growth

YMEN,MEB,Melbourne Essendon ,Melbourne 415 4,8% -12,8% YPAD,ADL,Adelaide Intl. ,Adelaide 385 5,2% -6,0% NZWN,WLG,Wellington Intl. ,Wellington 367 -20,7% -19,5% YBBN,BNE,Brisbane Intl. ,Brisbane 292 -10,2% -9,4% YPJT,JAD,Perth Jandakot ,Perth 287 18,6% 3,2% YSSY,SYD,Sydney Kingsford Smith Intl. ,Sydney 275 3,0% -12,5% YBCS,CNS,Cairns Intl. ,Cairns 264 -23,3% -32,2% YBTL,TSV,Townsville ,Townsville 225 -27,2% -24,8% NZWB,BHE,Woodbourne ,Blenheim 224 -37,3% -29,6% YBRM,BME,Broome Intl. ,Broome 206 96,2% 36,3% NZAA,AKL,Auckland Intl. ,Auckland 205 -10,9% -33,0% YSBK,BWU,Sydney Bankstown ,Sydney 197 -11,3% -6,8% YPDN,DRW,Darwin Intl. ,Darwin 191 -19,4% -7,4% VHHH,HKG,Hong Kong Intl. ,Hong Kong 185 -15,5% -13,4% YWLM,NTL,Newcastle ,Williamtown 167 39,2% -13,0% YSWG,WGA,Wagga Wagga City ,Wagga Wagga 136 29,5% 6,3% NZNS,NSN,Nelson ,Nelson 135 4,7% 7,1% YBRK,ROK,Rockhampton ,Rockhampton 134 9,8% 1,1% YSDU,DBO,Dubbo City Regional ,Dubbo 134 24,1% 0,0% VIDP,DEL,Indira Gandhi Intl. ,New Delhi 116 13,7% -21,1% YBUD,BDB,Bundaberg ,Bundaberg 114 -12,3% -32,5% YWOL,WOL,Wollongong ,N/A 114 -30,9% -64,1% YMMB,MBW,Melbourne Moorabbin ,Melbourne 113 29,9% -18,6% 39,7% VABB,BOM,Chhatrapati Shivaji Intl. ,Mumbai 112 -6,7% -16,5% YBAS,ASP,Alice Springs ,Alice Springs 110 32,5% -20,6% YSTW,TMW,Tamworth ,Tamworth 11,5% -9,9% 60,3% 107 WSSL,XSP,Seletar ,Seletar 101 -49,0% -45,6% PGUM,GUM,Antonio B. Won Pat Intl. ,Hagåtña, Guam International Airport 99 -1,0% -1,7% YPPH,PER,Perth Intl. ,Perth 97 18,3% 3,5% Top 30 YHBA,HVB,Hervey Bay ,Hervey Bay 97 -13,4% -38,3% Other

*Business Jets only; props excluded

© 2020 by WINGX ADVANCE GMBH | Source: Multi-regional ATC and ADSB CLICK HERE 7/14/20 | 76 Definitions 1 WINGX › The charts illustrated in this analysis source data from global flight activity sources including Air Traffic Control (such as Eurocontrol, FAA) and ADSB-networks (such as Flight Radar 24).

› All data analysis is carried out by WINGX Advance through our proprietary data harvesting, cleaning and processing methodology, and through our design of dashboards via our licensed data visualisation platform.

› Business aviation is defined by a specific fleet of business aviation jet, prop and piston platforms, for non-scheduled activity only. Where shown, scheduled activity reflects passenger airline traffic, cargo represents activity of dedicated freight carriers, and hybrid activity is the remainder. Unless otherwise noted, only fixed wing activity is included.

› Timeframe filters allow the selection of periods by hour, day, date, month and year. Trends are shown year-on-year, comparing to same exact dates as previous year, and year-to-date, for the calendar year selected vs previous period.

› The business aviation aircraft fleet is categorised by cabin size, weight and range, with the following segments: Bizliner, Ultra Long Range, Heavy Jet, Super Mid-size Jet, Mid-size Jet, Super Light Jet, Light Jet, Entry Level Jet, Very Light Jet.

› Aircraft Types are identified by ICAO code/name. Dashboards may also allow for filter by the variant of a Type (the ‘model’). Where a type (EG Embraer 135/ERJ has scheduled and business aviation use, the scheduled activity is excluded.

› Fuel utilisation is measured by the implied uplift of Jet A1 fuel (represented by the city pair sector operated, in terms of flight hours, distance and specific aircraft type consumption).

© 2020 by WINGX ADVANCE GMBH CLICK HERE 7/14/20 | 77 Definitions 2 WINGX › Operator Types have been defined as follows: § Aircraft Management – Operators mainly managing aircraft on behalf of private owners § Ambulance – Operators known to be dedicated to medical/hospital related purposes § Branded Charter – Pperators known to be primarily focused on chartering (including hours programs) § Cargo – Operators known to be specialist freight carriers § Fractional – Operators operating fleet on behalf of fractional owners § Private – Flight departments operating aircraft on behalf of Owners and Companies § Training/Demo/Maintenance – Flights to and from same airport, and flights from known dedicated Training schools

› Regions are categorised by: North America (includes Mexico), South America, Europe, Oceania (Australia, New Zealand and Pacific Islands), Asia (includes Middle East, Turkey, Russia), Africa, Europe.

DISCLAIMER: The recipient of the Business Aviation INSIGHT, acknowledges the underlying terms and conditions as published on the WINGX Advance website.

June 2020