THE WET LEASE COMPANY INDEX

Galistair In nite Aviation 1 Mission & Vision What is Galistair In nite Aviation? Aircraft 2 Technical characteristics Range graphics

Operator 3 How do we operate: White Airways as operator Advantages of our partnership. Certi cations

Strenghts 4 Location Why Galistair Team 5 Management team Experience 1

GALISTAIR GALISTAIR mission & vision

“To grow a pro table airline with passion for our customers providing the highest standards of service, safety, reliability, transparency and exibility.”

“To be the leading ACMI Airline in our region and the rst option for our customers.” WE ARE a wet lease specialist business model enablers example

LOW COST (LCC) Sasles by volume, point to point service, short-haul, single eet type, high utilization, concentrated netwok. Southwest, Ryanair, Goair

FULL SERVICE (FSC) Global network, ussually long-haul, mixed eet, multiple class-offerings, Loyalty programs. , , Turkish

ULTRA LOW COST (ULCC) Similar to low cost but leveraging additional ways to lower cost base. Spirit, Allegiant

REGIONAL Providing feed from small towns to airline hubs (often on a fee-per-departure basis). Air Wisconsin, Skywest

LOW-COST.LONG-HAUL Sales by volume, point to point service, Iong-haul, single eet type, haig utilization, concentrated network. Scoot, Air Asia-X

BUSINESS ONLY Sales by margin, focused copporate account, usually very selected routes Privatair

ACMI / WET LEASE Providing aircraft, crew maintenance and insurance i.e. Wet lease capacity for other airlines. Galistair, , Air Charter Int

CHARTERS Providing air-transport from pre-sold inventory by a third party. Thomas Cook

CARGO Providing dedicated freight services. Fedex, UPS

HYBRID - PASSENGER / CARGO Providing both passenger and cargo services - using combination and/or Quick change aircraft. Eva Air, TNT

VIRTUAL AIRLINE Keeping sales and marketing in-house while outsourcing all other functions. Fly Ernest

FRANCHISE Attempting to apply franchise model to airlines. Superfast Airlines OUR SERVICES

WET LEASE We are the wet lease specialist, we provide our aircraft with experienced crews with full insurance and perfectly maintained (ACMI) to ful l your requirements.

AD HOC ights We offer ad hoc ights with immediate quoting and quick dispatch including onboard services.

CHARTER We are able to offer Charter Flight on demand with quality and a whole range of tailored services to meet all your needs. 2

FLEET AIRCRAFT 321/ 2 0 0

Crew 2 Technical crew / 5 cabin crew

Passengers 210 / 220 Engines Two CFM56-5B3/3

Range ACT (additional central tank) up to 2520 NM Seats Recaro 3510 slim seats WHY A 321/ 2 0 0

Short and medium radio operations in high density con guration. 6 hours range. It is an ideal substitute of the aircrafts used by the Low cost Companies (B738-B752-B739-A322-A319). It is one of the preferred aircraft in the wet lease market. With 210 / 220 seats we can cover and ACMI for almost every midrange aircraft with similar or less capacity. Aircraft with the latest technology and proven reliability. It has the lowest seat per mile fuel consumption. A 321 A 320 COMPETITORS 11.76m / 38,7” 11.76m 37.57m / 123,3”

Cost Per Seat vs. A 321 / 200 A 321 200

B 737 800 8% more 11.76m / 38,7” 11.76m 44.51m / 146” A 320 11% more

B 737 800 12,50 m / 41,3” 12,50 39.07m / 129,59”” GENERAL CHARACTERISTICS

MSN 1607 Crew 2+5 Passengers 210 / 220 Seats Recaro 3510 Propulsion 2 Turbofan Engines Engine Model CFM 56-5B3/3 Engine Power (each) 140,6 kN Speed 904 km/h Mmo (max. Mach) Mach 0.82 Service Ceiling 12.131 m Range 5.600 km Operational Empty Weight 49,248 kg Max. Takeoff Weight 93.000 kg Max. Landing Weight 77.800 kg Wing Span 34,09 m Wing Area 122,6 m² Length 44,51 m Height 11, 7 6 m DOM 17/12/01 AIRCRAFT PICTURES RANGE FROM MADRID

KEF

HEL OSL

SVO LHR A321ceo CFM56-5B3/3 CDG MTOW 93t VIE

BCN 1 ACT FCO 220 pax - 2,520nm ATN TUN

CAI TFN

DKR

NSI RANGE FROM TENERIFE

KEF

HEL OSL

SVO LHR

CDG VIE

BCN MAD FCO ATN TUN A321ceo CFM56-5B3/3 MTOW 93t CAI 1 ACT 220 pax - 2,520nm

DKR

NSI 3

OPERATOR WHITE COLOURED BY YOU

How do we operate

In order to guarantee the best operation, Galistair has signed an agreement with White Airways for the operation and incorporation into White´s AOC of Galistair´s A321. With this collaboration, we guarantee our clients the best and most reliable service, as we can offer from the very rst moment all the experience and certi cations required in any wet lease. White Airways is a Portuguese aviation Company with 28 years of experience and licensed and certi ed according to the national and European standards for the air transport of passengers and cargo. MAIN CERTIFICATIONS

Category 1 AOC (recognized by the US FAA) IATA and IOSA member NP EN ISO 9001:2008 Part M CAT II/IIIB -- LVTO DANGEROUS GOODS TRANSPORTATION RVSM and RNAV I

IOSA IATA Operational Safety Audit MAIN CERTIFICATIONS II MAIN CERTIFICATIONS III 4

STRENGHTS STRATEGIC LOCATION KEF HEL OSL

SVO LHR

Although we are prepared to operate worldwide, CDG VIE some of the most demanding ACMI Airlines, are based in airports not more than two hours away from our base airport (Madrid). Our closeness to BCN them, will bene t your commercialization. FCO ATN TUN

CAI TFN ADVANTAGES COMPETITIVE & CORPORATIVE

Competitive Type of Fleet: Airbus A-321. Galistair main base: Madrid, Southern Europe. First and only operator in ACMI of A321 in Southwest Europe and Northern Africa. Reduced number of competitors. Strong operational partner: WHITE AIRWAYS 24/7 We operate 24-hours a day 365 days a year, providing a dedicated aircraft solution. Corporative Exclusive ACMI focus Experienced staff Operational exibility Low structural cost 5

OUR TEAM Juan José Mesía Rafael González Ignacio Pascual Miguel Castro CEO & Partner CFO & Partner General Manager CCO & Partner

Educated in the United States and Originally from Spain Rafael holds a Executive with long and solid experience Executive with a long Career in aviation Belgium but originally from Spain Juan Bachelor of Economics from in business development and industry. Including executive airlines, Jose, holds a Bachelor of Economics Complutense University and a master management of air transport. Aerolíneas brokerage and airline management. from Boston University and an MBA from degree of international commerce. Argentinas, Air Comet or Pullmantur Air Commercial manager in Gadair European the University of Louvain, Belgium. He are part of his past experience in Airlines, or General manager in Mint has held senior positions in many He has also completed an Executive maximum responsibility positions. Airlines among others are some of his different airline sectors and has been Master in marketing and sales in Degree in economics and Master in experience in managing positions. involved in many start-up companies, prestigious ESADE. Long experience as Business Administration in Aviation Degree in Engineering. gaining extensive know-how. executive in private sector in managing (MBAA). and economic areas.

[email protected] [email protected] [email protected] [email protected] THE WET LEASE COMPANY

Galistair S.L. Miguel Castro CCO C/ Julián Camarillo, 47 [email protected] O cina 105 +34 628369695

28437 Madrid – Spain Ignacio Pascual www.galistair.com General Manager [email protected] +34 630041952