Corporate Stability Fast Facts (U.S.)

In Good Company \\\

FXAIR is part of Directional Aviation, a global leader in private aviation. Directional Aviation houses a complete

WHERE STABILITY COMES STANDARD

Over the 40+ years since Directional Aviation’s leadership began founding, actively managing and investing in world-class private aviation companies, countless competing flight providers and business models have come and gone. At the same time, the organizations within their purview experienced a steady climb.

This long track record, through decades of macroeconomic ups and downs, speaks to a disciplined yet growth-oriented approach. This not only beacons stability at FXAIR but sows thoughtful innovation to bring the market offerings that responsibly correspond to the capital-intensive realities of private aviation.

FRACTIONAL OWNERSHIP AND LEASE U.S. AND EUROPE

PREMIUM ON DEMAND CHARTER U.S. AND EUROPE

JET CARD

AND EUROPE

The Stability Afforded by Our Family of Private Aviation Solutions

01 \ PRUDENT FISCAL MANAGEMENT

Combined year-end 2022 revenue of $2.296 billion, 3-year revenue compound annual growth rate (CAGR) of 19.7%, 3-year adj. mgmt. EBITDA CAGR of 43.8% ($288 million) and 3-year free cash flow CAGR of 46.9% ($279 million). The total revenue of all Directional-held companies is more than $3.5 billion.

02 \ A GLOBAL PRIVATE AVIATION ECOSYSTEM

The organizations making up Directional’s family of private aviation providers are backed by 4,000+ employees, 25+ operations, maintenance, terminal and office facilities in N. America and Europe and a fleet of owned/operated and network aircraft flying 300,000+ hours annually for a global customer base.

03 \ RATIONAL GROWTH

Managed through multiple business cycles. During heavy growth cycles, sales into available aircraft are prudently managed to safeguard service levels. Growth that cannot be properly serviced is not rational and a detriment to long-term viability.

04 \ RECURRING REVENUE AND CUSTOMER RETENTION PROTECTIONS

A cross storefront combined committed customer base (those subscribed to a program) of Fortune 500 corporations (80% of the clientele) and ultra-high-net-worth individuals (20%), with a 97% retention rate and long-tenured relationships.

05 \ INDUSTRY DIVERSITY SAFEGUARDS

The 10,000+ customers subscribed across each storefront’s programs span ultra-high net worth individuals to major Fortune 500 companies representing a diverse set of industries and interests. This safeguards the stability of the overall enterprise, making it not overly reliant on one sector of the global economy.

06 \ OPTIMIZED NETWORK OF AIRCRAFT

300+ owned and operated aircraft dedicated to the fractional ownership storefront (Flexjet), complemented by access to a certified partner fleet of 1,700 off-balance sheet aircraft that service the on-demand and jet card storefronts (Sentient Jet and FXAIR). Ample access to aircraft without outsized risk to the enterprise in acquiring them.

A PROVEN APPROACH TAILORED TO A NUANCED INDUSTRY

Private aviation is a capital-intensive business. Credible providers with your best interest at heart acknowledge that reality. Our asset-efficient, de-risked business model backed by a committed customer base embodies that acknowledgment. In an evolving market with new inexperienced entrants, FXAIR and our affiliated companies, supported by Directional Aviation, make up a time-tested global private aviation powerhouse, exemplifying consistent growth for over four decades.