#1Welcome to the CELEBRATING • OUR 10 35 YEAR ISLE OF MAN ANNIVERSARY AVIATION CONFERENCE. A MARTYN FIDDLER EVENT 2022 ELEBRATING OUR 10 YEAR ANNIVERSARY Wednesday 22nd June | Organised by MARTYN FIDDLER AVIATION Villa Marina, Douglas Supported by M ✓ Isle of Man AIRCRAFT REGISTRY#2iomaviationconference.com ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Welcome to the 2022 Isle of Man Aviation Conference Registration and Coffee 08:30 - 09:00 Sponsored by GLOBAL JET CAPITAL#3iomaviationconference.com ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Welcome to conference delegates Graham Williamson (Conference chair) Organised by Supported by MARTYN FIDDLER AVIATION ✓ Isle of Man AIRCRAFT REGISTRY#4iomaviationconference.com Global Aviation update Richard Koe Managing Director, WINGX Organised by MARTYN FIDDLER AVIATION Supported by ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 ✓ Isle of Man AIRCRAFT REGISTRY#5STATE OF THE INDUSTRY WINGX MAKING AEROSPACE INFORMATION INTELLIGENT Source: WINGX, ATC, ADSB ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#6Where are we...a schizophrenic environment... Pre-GFC exuberance Miracle rebound Lost decade Green shoots Massive intervention >1,300 deliveries Hygiene ? Fractional fleet >1000 aircraft Air Taxi revolution neurosis Tax cuts 650 deliveries Bad optics New aircraft Confidence Covid Flat activity catastrophe Supply-side shutdown Source: WINGX, ATC, ADSB Got a question? Ask us on Slido! Enter the code '1881404' to join. ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Golden era of business aviation Stagflation and low. confidence Global recession and geopolitical conflict www.sli.do#715 year context: pandemic conditions transformed stagnating utilisation Departures per month 300.000 = 231,880 pre-GFC high Bizav departures 250.000 Last 12 Month Trend 200.000 150.000 100.000 50.000 Q1 2007 UPSWING 280,683 = all-time high 55 231,074 post GFC high 50 45 40 40% L12M growth 35 30 25 MAX 20 15 10 -10 Post-GFC lost decade -15 -201 -25 I US and Europe only L12M = activity in last 12 months compared to 12 previous months Got a question? Ask us on Slido! Enter the code '1881404' to join. 0% -30 1 May 2022 I ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 www.sli.do#8Number of Sector Flown in Scheduled Airlines Sectors flown per month 2.800.000 2.600.000 2.400.000 2.200.000 2.000.000 1.800.000 1.600.000 1.400.000 1.200.000 1.000.000 800.000 600.000 400.000 200.000 0 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Source: WINGX, ATC, ADSB Got a question? Ask us on Slido! Enter the code '1881404' to join. Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 0 Big picture: worldwide business jet sectors +21%. Contrast airlines, still 30% behind pre-pandemic 340.000 320.000 300.000 280.000 260.000 240.000 220.000 200.000 180.000 160.000 140.000 Bizjet sectors as % total fixed wing 120.000 100.000 25 80.000 20 15 60.000 10 40.000 5 20.000 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Number of Sector Flown in Business Aviation -28% 2022vs2019 (YTD) www.sli.do 21% Business Aviation Scheduled Operation ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022#91,000 6,000 5,000 4,000 3,000 2,000 2019 12,000 11,000 10,000 Rolling 7 day departures, Global, Business Jets only The Rollercoaster, and what's driving it 9,044 9.058 9,099 9,0419,095 9,178 8,961 9,000 8,732 8.056 286298 599 89088552 81053 068-4998,488 8,000 7,524 7.777.636 7.749 6,791 7,000 Feb 2/18/19 3/2/19 3/14/19 3/26/19 4/7/19 4/19/19 5/1/19 5/13/19 5/25/19 6/6/19 6/18/19 6/30/19 7/12/19 7/24/19 8/5/19 8/17/19 8/29/19 9/10/19 9/22/19 10/4/19 10/16/19 10/28/19 11/9/19 11/21/19 12/3/19 12/15/19 12/27/19 1/8/20 1/20/20 2/1/20 2/13/20 2/25/20 3/8/20 3/20/20 4/1/20 3 2019 2020 2021 2022 Mid-21 rebound 9.829 10,318 10,409 9.9529.951 10. 9,393 9.186 8,910 8,507 8241 7,991 7, 7,487 7,232 6,845 986 6.7736.7 12 803 6,845 6,350 6.2 553536.385 5,901 5 5.211 4.968 2054 2, 44 2.3 399 -70% in April 2020 4/13/20 Source: WINGX, ATC, ADSB Got a question? 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Enter the code '1881404' to join. 4/25/20 5/7/20 5/19/20 5/31/20 6/12/20 6/24/20 7/6/20 7/18/20 7/30/20 8/11/20 Repatriation and Medical 8/23/20 9/4/20 9/16/20 9/28/20 10/10/20 10/22/20 11/3/20 11/15/20 11/27/20 12/9/20 12/21/20 1/2/21 1/14/21 1/26/21 2/7/21 2/19/21 3/3/21 3/15/21 3/27/21 4/8/21 4/20/21 5/2/21 5/14/21 5/26/21 6/7/21 6/19/21 7/1/21 7/13/21 7/25/21 8/6/21 8/18/21 8/30/21 9/11/21 Leisure and Lifestyle Back to Business ISLE OF MAN AVIATION CONFERENCE 10,657 10,719 10:055 102518 9,715 20% ahead of 2019 11.150 10,708 10,855 10.893 10.257-8210.409 9,705 9,205 9,448 9,075 8,597 8.574 9,936 9/23/21 10/5/21 10/17/21 10/29/21 11/10/21 11/22/21 12/4/21 12/16/21 12/28/21 1/9/22 1/21/22 2/2/22 2/14/22 2/26/22 3/10/22 3/22/22 4/3/22 4/15/22 4/27/22 5/9/22 FOMO? www.sli.do Summer 2022#10Flight departures per week in 2022 vs previous years Departures 110.000 105.000 100.000 95.000 90.000 85.000 80.000 75.000 70.000 65.000 60.000 55.000 50.000 45.000 40.000 35.000 30.000 25.000 Week1 Week2 Week3 Week4 Week5 Weekб Week7 Week8 Got a question? Ask us on Slido! Enter the code '1881404' to join. Week9 Week10 Week11 Week12 Week13 Week14 Week15 Week16 Looking out for any signs of slowdown?... Week17 Week18 Week19 Week20 Week21 0 2020 % vs 2019 330 35 25 25 20 15 10 5 W 2021 2019 T T T T 0 2 4 6 8 10 12 14 16 18 20 22 24 www.sli.do Weeks in 2022 2022 Bizjet flights in 2022 vs 2019 ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022#11Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Unique City Pairs flown Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Got a question? Ask us on Slido! Enter the code '1881404' to join. Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 1 Primary driver: the airlines are still broken Number of Unique City pairs connected per month 85.082 ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 2 3 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Bizav/Sched 35.254 - Business Aviation Scheduled Operation Growth in unique city pairs 14% 5% -20% -13% -19% -30% 2020vs2019 (YOY) 2021vs2019 2022vs2019 (YOY) (YTD) www.sli.do#120 50 45 40 55 55 Number of connections per month in Scheduled Operations 5 Jan-19 Feb-19 Mar-19 410 35 30 25 22 20 15 10 10 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 Got a question? Ask us on Slido! Enter the code '1881404' to join. May-20 Jun-20 Jul-20 70 65 25 60 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Not just # connections, but frequency on connections Number of flight frequencies per month Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 0,0 Number of frequencies in Business Aviation 40 4 4,5 4,0 3,5 57 3,0 Business Aviation Scheduled Operation 2,5 Growth in frequency/city pair 2,0 1,5 6% 2% -11% 1,0 -17% -24% -33% 0,5 2020vs2019 2021vs2019 2022vs2019 (YOY) (YOY) (YTD) www.sli.do ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022#13Number of Sector Flown 140,000 130,000 120,000 110,000 100,000 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jul-19 Jun-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 Got a question? Ask us on Slido! Enter the code '1881404' to join. Private jet owners or charter customers? May-20 Jun-20 Jul-20 *Commercial Aircraft Tailsign registered on the Part135/91K/AOC database and/or certified for commercial usage in Europe Source: WINGX, ATC, ADSB Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jul-21 Aug-21 Sep-21 Jun-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 -19% -30% Commercial Private 30% 27% 21% 5% 2020vs2019 2021vs2019 2022vs2019 (YOY) (YOY) (YTD) www.sli.do ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022#14- Geneva example – business aviation largely replaces airlines to Venice, Milan, Rome Arrival City Business Aviation Flights Flights: Growth vs 3 yrs ago Operated Airport Pairs Scheduled Operation Flights Flights: Growth vs Operated Airport 3 yrs ago Pairs London (GB) Paris (FR) 775 20.3% 823 34.8% 5 649 17.4% 1,266 22.9% 3 Nice 229 4.1% 488 2.7 1 Zurich 205 34.0% 611 -45.8% Milan (IT) 123 -21.2% 2 99.1% Moscow (RU) 120 -21.6% 84 +79.2% Madrid (ES) 85 77.1% 693 11.4 1 Chambéry/Aix-les-Bains 77 40.0% 0 Brussels (BE) 74 12.1% 719 -32.0% 2 Venice (IT) 68 78.9% -100.0% 0 Barcelona (ES) 66 50.0% Athens (GR) 65 97.0% 1 Amsterdam (NL) 62 72.2% 2 Dubai 62 121.4% 3 יידי 529 -33.9% 1 231 -13.5% 1 960 -14.7% 1 142 -39.6% 1 Cannes/Mandelieu 62 -10.1% T Rome (IT) 61 69.4% 171 70.6% Lisbon (PT) 60 93.5% 744 10.3% Málaga (ES) 60 130,8% 163 6.3% 0 Sion 59 15.7% Mallorca 58 141.7% 129 1 -1578 1 20.299 -28.3% 136 Grand Total 5,892 17.2% 515 Business jets and props For Jan-May 2022 vs same 2019 17% Source: WINGX, ATC, ADSB Got a question? 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Enter the code '1881404' to join. -28% ISLE OF MAN AVIATION CONFERENCE Top 10 Outbound Fractional & Branded Charter airports IDDLER EVENT SCOT United d Kingdom London Sweden Finland Norway Oslo Saint Stockholm Estonia Petersburg North Sea Demark Latvia Lithuania Moscow Belarus Amsterdam Hamburg Gmany France Poland Czechia Austria Slovenia Slovakia Hungary Romania Serbla Bulgaria Italy Ukraine Top 10 Outbound Scheduled Airline airports WALES ENG The Netherlands Berlin Lord Germany Belg Frankfurt Czechia Vienna France Austria tzerland Italy Spain Barcelona Madrid Naples Croatia 22 www.sli.do#15160.000 140.000 120.000 100.000 80.000 60.000 40.000 20.000 0 Jan-19 Feb-19 Mar-19 Bizav: Aircraft Segments Initially small and midsize jets, now also larger jets recovering pre-pandemic trend Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 Source: WINGX, ATC, ADSB Got a question? Ask us on Slido! Enter the code '1881404' to join. May-22 ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Large Jet Medium Jet Small Jet 25% 23% 14% 11% 11% -4% -22% -27% -36% 2020vs2019 2021vs2019 2022vs2019 (YOY) (YOY)+ (YTD) www.sli.do#16Phenom 300 and Latitude. Also older aircraft: Hawker, Excel, Gulfstream G400 Growth in flights Jan-Apr 2022 vs 2019 Cessna-Citation Excel / XLS 13% Bombardier-Challenger 300 / 350 18% Embraer-Phenom 300 46% Hawker-Hawker 700/750/800/850/900 14% Cessna-Citation Latitude Bombardier-Challenger 600/601/604/605/650 Gulfstream G300/350/400/450 6% 19% Cessna-560 Encore /5/ Ultra 15% Cessna-Citation CJ3 40% Cessna-Citation CJ1 / CitationJet / 525 10% Dassault-Falcon 2000 3% Gulfstream-GV/500/550 15% Hawker Beechjet 400/400A /Nextant 17% Cessna-Citation Sovereign 8% Bombardier-Global Express/6000/6500 6% Embraer-Legacy 600/650 36% Source: WINGX, ATC, ADSB Growth in active fleet 2022 vs 2019 -2% 6% 20% -3% 84% 12% -5% -6% 3% 18% 2% 0% 900 Got a question? Ask us on Slido! Enter the code '1881404' to join. 12% 13% -4% 6% 15% ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 www.sli.do#17Characterised by short hauls: sweet-spot 1.5-3H. International still recovering Global (US dominant) 25% ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Sector Length Regional: Less than 1.5 ... Short haul: 1.5 hours - ... Medium haul: 3 - 6 ho... Long haul: 6-12 hours PTD: Departures % of total PTD vs 1 yr ago (Deps) PTD vs 2 yrs ago (Deps) PTD vs 3 yrs ago (Deps) Domestic International 780,678 56% 31.5% 83.0% 15.7% 454,704 33% 31.6% 93.8% 32.2% 142,078 10% 36.7% 81.4% 23.3% 12% 19,821 1% 82.5% 62.7% -1.8% Ultra Long haul: 12+ ho... 835 0% 271.1% 135.2% 3.6% Grand Total 1,398,116 100% 32.6% 85.9% 21.0% European Sector Length PTD: Departures % of total PTD vs 1 yr ago (Deps) PTD vs 2 yrs ago (Deps) PTD vs 3 yrs ago (Deps) Sectors flown 2022 YTD vs 2019 YTD Regional: Less than 1.5 ... Short haul: 1.5 hours - ... 25,418 63% 48.6% 76.1% 13.5% 53,194 27% 47.1% 82.7% 24.1% Medium haul: 3 - 6 ho... 14,651 7% 19.9% 45.0% 3.3% Long haul: 6-12 hours 6,428 3% 92.8% 62.5% 10.5% Ultra Long haul: 12+ ho... 110 0% 129.2% 107.5% 74.6% Grand Total 199,801 100% 46.7% 74.6% 15.2% Source: WINGX, ATC, ADSB Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#180 Getaway resorts have seen dramatic growth, cities less so 2022 VS 2019 Jackson Hole +65% Toronto -15% Stuttgart -5% Sion +53% Ibiza +125% 20 20 1/1/19 1/20/19 2/8/19 40 80 100 60 45 41 2/27/19 3/18/19 4/6/19 4/25/19 5/14/19 6/2/19 6/21/19 7/10/19 7/29/19 8/17/19 New York - Florida = 65% growth in 22 vs 19 3627 2829 24 Source: WINGX, ATC, ADSB Got a question? Ask us on Slido! Enter the code '1881404' to join. 9/5/19 9/24/19 10/13/19 11/1/19 11/20/19 12/9/19 12/28/19 1/16/20 2/4/20 2/23/20 3/13/20 4/1/20 4/20/20 5/9/20 8810 5/28/20 6/16/20 7/5/20 7/24/20 8/12/20 8/31/20 9/19/20 10/8/20 202 42 43 42 35 71 64 38 282 10/27/20 11/15/20 12/4/20 12/23/20 1/11/21 1/30/21 2/18/21 3/9/21 3/28/21 4/16/21 5/5/21 5/24/21 6/12/21 7/1/21 7/20/21 8/8/21 8/27/21 9/15/21 10/4/21 10/23/21 11/11/21 11/30/21 12/19/21 1/7/22 1/26/22 2/14/22 3/5/22 3/24/22 4/12/22 80 64 59 www.sli.do ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Hong Kong -54%#19Day-day travel preferences indicate leisure/lifestyle demand is dominant 2022 vs 2021 Weekends 2022 vs 2020 Weekends Weekends Weekdays 2022 vs 2019 Weekends 82% 77% 75% 75% 71% 64% 48% 38% 28% 28% 23% 24% 21% 20% 20% 21% Global Europe Asia US St Weekends Friday, Saturday, Sunday Weekdays = Monday through Thursday Period covered = Jan 1st through May 30th 2022 Types: Bizjets & Turboprops Source: WINGX, ATC, ADSB Got a question? Ask us on Slido! Enter the code '1881404' to join. 11% 11% ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 80% 2022 vs 2021 70% 2022 vs 2020 Weekdays 28% 28% 24% Global Europe Asia US St 13% 2022 vs 2019 Weekdays www.sli.do#20A small but growing proportion of the bizjet fleet are flying >700 hours per year per aircraft. 103 115 126 Source: WINGX, ATC, ADSB 2014 344 6,6% 3,4% 1,5% 2021 21,9% 66,6% 232 139 89 2019 113% 460 341 233 159 Growth in tails in 600h+ category 5,4% 0-200 2,4% 1,7% 21,0% 0,7% 200-400 400-600 2014 600-800 71,2% 800+ Data analysis based on North America fleet Got a question? Ask us on Slido! Enter the code '1881404' to join. 733 ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Large Mid 2021 Small Total 4,9% 2014 2021 www.sli.do#2170.000 65.000 60.000 55.000 50.000 45.000 40.000 35.000 30.000 25.000 20.000 15.000 10.000 5.000 0 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Source: WINGX, ATC, ADSB Got a question? Ask us on Slido! Enter the code '1881404' to join. Aug-20 Bizav: Traffic Type All operator types except Corporate Flight Departments recovered by end of 2021 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 www.sli.do ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Aircraft Management Ambulance Branded Charter Cargo Corporate Flight Department Fractional Government Hybrid/Shuttle OEM Private#22-5 0 Oct-21 10 10 5 45 Signs of overheating? Charter is tapering... under-supply or waning demand? 40 40 35 55 30 30 25 25 20 20 15 Nov-21 Dec-21 Jan-22 Feb-22 Source: WINGX, ATC, ADSB Got a question? Ask us on Slido! Enter the code '1881404' to join. Mar-22 Apr-22 May-22 ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT Aircraft Management Branded Charter Corporate Flight Department Fractional Private Aircraft Management Branded Charter -16 Corporate Flight Department Fractional Private 2022 Oct 21 May 22 -1 www.sli.do S -4 12#2360.000 55.000 50.000 45.000 40.000 35.000 30.000 25.000 20.000 15.000 10.000 5.000 0 Jan-19 Shortage of charter inventory due to more owner flying - corporates included... Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Source: WINGX, ATC, ADSB Got a question? Ask us on Slido! Enter the code '1881404' to join. 42% 58% Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 -25% -33% ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Corporate Flight Department Private Flight Department -8% 30% 17% 9% 2020vs2019 2021vs2019 2022 (YTD) vs 2019 (YTD) www.sli.do#240 4 2 32 30 28 26 24 22 20 18 16 14 12 10 8 9 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Hours per tail per month, from pre-pandemic 25, to low point 10, to high point of 30 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 10 110 May-20 Jun-20 Jul-20 Aug-20 Source: WINGX, ATC, ADSB Got a question? Ask us on Slido! Enter the code '1881404' to join. Sep-20 Oct-20 Nov-20 360h/y Vs domestic airline >3000h Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 30 Hours per Tail ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 10% 2% -23% 2020vs2019 (YOY) 2021vs2019 (YOY) 2022vs2019 (YTD) www.sli.do#25Hrs/Tail Utilisation has increased 25% in Fractional (>1000h/y), +33% in Charter (720h/y) 100 90 60 80 70 60 60 50 10 40 30 20 20 10 0 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Source: WINGX, ATC, ADSB Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Got a question? Ask us on Slido! Enter the code '1881404' to join. Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 00 90 78 21 -21 May-22 46 ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Branded Charter Corporate Flight Department Private Flight Department Fractional Top Operators www.sli.do#26Register fleet changes, in active fleet and activity Number of active business jets May-YTD 22 vs 2019 Sectors flown May-YTD 22 vs 2019 growth N-[United States of America] C-[Canada] -14% D-[Germany] PT/PP/PR-[Brazil] 17% 41% 22% 33% growth ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 37% N-[United States of America] 5% C-[Canada] -10% D-[Germany] 6% PT/PP/PR-[Brazil] XA-[Mexico] F-[France] 40% 22% -1% XA-[Mexico] F-[France] M- [Isle of Man] -29% OE-[Austria] 14% 9H-[Malta] 33% VP-C [Cayman] -29% T7-[San Marino] 27% 53% VH-[Australia] G-[United Kingdom] Source: WINGX, ATC, ADSB -14% Got a question? Ask us on Slido! Enter the code '1881404' to join. M- [Isle of Man] -26% OE-[Austria] 9H-[Malta] 0% 14% VP-C [Cayman] -9% T7-[San Marino] 35% VH-[Australia] 13% G-[United Kingdom] -26% 2022 www.sli.do#27M Register Peer Group: active fleet per day Number of daily active tails per Aircraft Register with 30 Days average and Feb-24 highlighted ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT M - Isle of Man from 55 active tails in Jan-19 to 51 active tails in May-22. T7 - San Marino 2 - Guernsey 9H - Malta RA - Russia from 21 active tails in Jan-19 to 32 active tails in May-22. from 8 active tails in Jan-19 to 19 active tails in May-22. from 49 active tails in Jan-19 to 84 active tails in May-22. from 9 active tails in Jan-19 to 19 active tails in May-22. 30 100 60 80 50 25 30 40 20 60 30 15 40 20 60 15 10 10 40 40 86 80 20 10 20 10 5 20 0 T 0 T 0 0 T 0 2019 2020 2021 2022 2019 2020 2021 2022 2019 2020 2021 2022 2019 2020 2021 2022 2019 2020 2021 2022 -7% Comparing Jan-19 to May-22 Source: WINGX, ATC, ADSB 52% 137% Got a question? Ask us on Slido! Enter the code '1881404' to join. 115% 111% 2022 www.sli.do#28Very strong growth in various global regions in May-YTD 2022 vs 2019 North America 14% Global YTD 15% Global YOY 15% Source: WINGX, ATC, ADSB Europe 16% Latin America 12% Africa 94% Got a question? Ask us on Slido! Enter the code '1881404' to join. Middle East 47% Australasia & Asia Pacific 25% Business jets and props For Jan-May2022 vs same 2019 ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 www.sli.do#29Number of Sector Flown 25.000 20.000 15.000 10.000 5.000 0 450.000 400.000 350.000 300.000 250.000 200.000 150.000 100.000 50.000 0 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Comparative size of regional markets: North America and Europe are dominant Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Source: WINGX, ATC, ADSB Got a question? Ask us on Slido! Enter the code '1881404' to join. Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT Africa Asia Europe North America Oceania South America Africa Asia Oceania South America www.sli.do 2022#30The next black swan: war in Europe; how exposed is bizav in terms of activity & fleet? Russia deliveries 0,48% RBU connection 1,70% RBU base 0,70% ex RBU 1,50% ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 99,52% all deliveries 11,6% 98,30% all connections RBU connection 9,7% 5,4% 5,3% 5,1% 99,30% all countries Meaning: % of global flights per segment which interconnected at least once with RBU region during 2021 98,50% all flights 2,5% 1,3% 1,5% 1,7% ULR Jet Heavy Jet SMJ MSJ SLJ LJ ELJ VLJ Total bizjet Source: WINGX, ATC, ADSB Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#31Top Arrival countries in the Last 12 Month*: Russia-Ukraine impact? M gov.mt 2― REG AIRCRAFT REGISTRY San Marino Aircraft Registry ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 United Kingdom 8.046 France 6.351 United Kingdom 3.861 Switzerland 1.679 Italy 4.734 Italy 5.879 Australia 934 Russia 1.469 France 2.451 United Kingdom 5.114 France 781 Ukraine 1.194 United States 1.442 Spain 3.129 Italy 709 Italy 1.111 Germany 1.138 Switzerland 2.988 Spain 502 Indonesia 1.090 Spain 955 Russia 2.537 Germany 351 United Arab Emirates 1.035 Switzerland 911 United States 2.329 Switzerland 247 France 1.017 Greece 836 Greece 1.826 Austria 204 Germany 925 Russia 727 Germany 1.587 Greece 193 Turkey 774 Israel 672 United Arab Emirates 1.483 United States 171 United Kingdom 748 Ireland 601 Turkey 909 Japan 148 United States 553 Nigeria 487 Malta 845 Thailand 99 99 Croatia 524 United Arab Emirates 431 Austria 756 Portugal 83 Greece 505 China 364 Portugal 636 Ireland 81 Kazakhstan 443 Kazakhstan 307 Netherlands 559 Canada 55 Nigeria 416 Poland 293 Saudi Arabia 537 Croatia 55 Austria 348 * From Jun-21 to May-22 Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#32Number of Sector Flown vs 2019 100% 80% 60% 40% 20% 0% -20% -40% -60% -80% -100% Oligarchs not flying, ex-RBU sharp decline, “SO" slowing, but Register UP 140% 120% . RBU = departures from Russia, Belarus, Ukraine SO RBU = aircraft with significant ops from RBU in 2021 Russian Register = RA = Oligarchs known Oligarch-owned aircraft Russia Registered aircraft leaving country ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 109% 2022 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Source: WINGX, ATC, ADSB Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Got a question? Ask us on Slido! Enter the code '1881404' to join. Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 -69% -88% -84% -18% Oligarchs Russian Register RBU SO RBU Impact on non- Russia- based fleet www.sli.do#33Business jet flight departures from RBU: RA Register jets are relocating Russia Register jets All bizjets departing RBU ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 70 Country Flow Dep... VS. 3 65 Turkey 60 Uzbekistan years ago Last 7 days share growth 55 Russia - Russia 1,732 7.9% -51.1% 61.7% United Arab Emirates 50 Russia - Turkey 221 25.6% -48.3% 7.9% Israel 45 40 35 Russia United Ar... Russia Azerbaijan Russia - Kazakhstan 215 36.9% -50.7% 7.7% 71 30 25 Russia - Armenia Russia - Israel Russia - Uzbekistan 20 Russia - Switzerland 15 Belarus - Russia 10 Russia France 5 Russia - Belarus 0 Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Belarus - Serbia 8222226 88 41.9% -48.3% 3.1% 121.9% -49.2% 2.5% 63 293.8% -40.0% 2.2% 42 -23.6% -47.4% 1.5% 39 14.7% -45.2% 1.4% 29 -87.0% -45.1% 1.0% 27 -34.1% -50.8% 1.0% 27 -94.8% -42.9% 1.0% -43.6% -43.8% 0.8% 16 45.5% -41.5% 0.6% Russia - Cyprus Russia - Finland 16 -88.7% -33.3% 0.6% 16 -79.2% -50.9% 0.6% Grand Total 2,806 -58.8% -53.8% 100.0% Source: WINGX, ATC, ADSB Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#34Context? CYCLICAL Covid effect STRUCTURAL Tailwinds Inventory record lows New OEM models Rebound in spending Business travel re-set Headwinds Inflation unleashed Rising interest rates End decade quant easing Geopolitical conflict Re-evaluation of bizav value Digitalization, Consolidation Introduction of AAM New user demographic WFH eroding corporate travel Environmental question mark De-globalization / CW2 Resource availability Got a question? Ask us on Slido! Enter the code '1881404' to join. ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 www.sli.do#35Signs of the times? MACRO ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 8% growth in UHNWI in 2021 (220K) Record volumes of dry powder to invest Pandemic recovery still early stages Can central bankers do it again? China's GDP forecast <5% Q1 US corporate profits 2Y fall; May inflation 9% Swiss 15Y interest rate rise -0.75/-0.25 (inflation 2.9%!) Look at SPACS: Q122 vs Q121 -98% SPAC IPO $* INDUSTRY Industry sentiment still ++ Ukraine war not game changer Business jet transaction market looking frothy Wheels UP Q1 record rev but almost 100M net loss Inventory very low levels OEM backlogs impressive $98bn to $2bn: 98% drop in capital raised; 299 to 18 registrations; JetNet surveys pre covid max 55%, since Q221 62, 69, 61, 57 Got a question? Ask us on Slido! Enter the code '1881404' to join. Charter market running short of steam EVTOL boom is tailing off (Surf?) www.sli.do#36Projections? Good news...2022 will be Busiest every year for business aviation flight activity Aircraft manufacturers are well set for several years Business jets are no longer toxic, for now... Less good news...2022 will be - The high point for growth; the market already peaked Over exuberance blatant, and there will be casualties Bizav cannot defy the macro economy Got a question? Ask us on Slido! Enter the code '1881404' to join. ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 www.sli.do#37WINGX ADVANCE GMBH Lilienstrasse 11 20095| 22095 HAMBURG | GERMANY PHONE +49-40-32 84 69 78 E-MAIL [email protected] FOLLOW US ON TWITTER @WINGXBIZAV WWW.WINGX-ADVANCE.COM Got a question? Ask us on Slido! Enter the code '1881404' to join. ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 www.sli.do#38iomaviationconference.com ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 The reality of sustained business aviation activity – boom vs bust? - Andrew Hodgson Commercial Director, ACASS Chay White Commercial Director, Luxaviation Group Katie Bancroft Associate, Jaffa & Co Matt Potts General Counsel - EMEA, Jetcraft Organised by MARTYN FIDDLER AVIATION Supported by ✓ Isle of Man AIRCRAFT REGISTRY#39iomaviationconference.com ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 IOMAR - Why the Isle of Man is still just as relevant 15 years later Simon Williams Director of Civil Aviation, Isle of Man Aircraft Registry Organised by MARTYN FIDDLER AVIATION Supported by ✓ Isle of Man AIRCRAFT REGISTRY#40M Why M Reg? • 'Safety with Service' • . . . High Safety Regulatory Standards Award Winning Customer Service Helping Solve Client Problems A Quality Register Substance Not Gimmicks An Aviation Centre of Excellence ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#41M Legislation Programme • Completed and in force: • Accidents and Incidents • Occurrence Reporting . Yet to come: . Operation of Aircraft Airworthiness of Aircraft General Provisions ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 . Dangerous Goods Small Unmanned Aircraft Air Traffic Services . Rules of the Air . Insurance . Effective 1 August 2022: Aircraft Registration and Marking Aerodromes Got a question? Ask us on Slido! Enter the code '1881404' to Mortgaging Environmental www.sli.do#42M Registration & Marking Order (1) • Effective 1 August 2022 . . - ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 New stand alone Order – part of incremental replacement of Air Navigation Order with suite of new Orders See IOMAR website for full details of changes, link from home page: • https://www.iomaircraftregistry.com/legislation/new-aircraft- registration-and-marking-legislation/ ⚫ Previously issued Certificates of Registration remain valid! Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#43M Registration & Marking Order (2) · Updated definition of "Commercial Air Transport" ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 • “Aerial work” now relates to "specialised services" rather than "valuable consideration" • . The provisions for disregard of valuable consideration are significantly updated and enhanced For aircraft with a Certificate of Registration issued prior to 1 August 2022 1 the old definitions of commercial air transport / aerial work and the old provisions for disregard of valuable consideration continue to apply Owners may apply for a new Certificate of Registration if they wish to take advantage of the new rules! Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#44ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT ㄨˊ M . Guidance Material & Forms 2022 Significant refresh to a number of our Registry Publications (RP) and Forms underway • Aim to give better guidance and easier forms. New RP on aircraft insurance to be issued Updates to RPs on registrations, qualified ownership, aircraft. markings, changes, export CoA and deregistration • Updates to Forms for aircraft registration/ deregistration/ changes Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#45ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT M . ● Cyber Security 2022 Incorporating further security layer of Two Factor Authentication ("2FA") for access to our online customer portal ("ARDIS") 2FA verifies your identity using a secondary login method - either a code or a login confirmation via an App on a mobile device. Prevents anyone but you from logging in, even if they know your password An instance of customer account previously being hacked & a false invoice generated • 2FA will significantly enhance account security for all . Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#46Λ Ukraine ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 • Legal prohibition of flight by 'M' Reg aircraft in the territory/airspace of Russia & Belarus • Acted proportionately, reasonably, legally & decisively in the Public Interest on aircraft: • . where clear connections between aircraft registration... And sanctioned individuals And persons resident or companies established in Russia/Belarus Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#47M ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 . The Isle of Man is highly relevant 15 years later... High Safety Regulatory Standards • Award Winning Customer Service Helping Solve Client Problems A Quality Register · Substance Not Gimmicks An Aviation Centre of Excellence Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#48M Aviation Centre of Excellence Thank you for your attention Any Questions? ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#49iomaviationconference.com ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Welcome to the 2022 Isle of Man Aviation Conference Coffee break 10:30 - 11:00 Pastries by Wild Thyme Sponsored by JSSI#50iomaviationconference.com The Art of Governance ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Heather Gordon Legal Director, Martyn Fiddler Aviation Organised by MARTYN FIDDLER AVIATION Supported by ✓ Isle of Man AIRCRAFT REGISTRY#51What is governance? ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 "Corporate governance is the system by which companies are directed and controlled." UK Cadbury Report, 1992 Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#52Why is Governance important? 1. Creates a system of accountability for leaders 2. Stakeholder confidence: from investor to employee 3. Seeing the future 4. Fake news and Social Media ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#53Owning the Narrative: Fake News at Davos. Jim Lewis $5 @Galactic_Trader This is the parking lot at the Davos Climate Change Conference this year ... Narratives are important... 11:30 PM May 23, 2022 1.4K Reply Copy link Read 55 replies Got a question? Ask us on Slido! Enter the code '1881404' to join. ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 www.sli.do#54Case Study: Boeing ISLE OF MAN AVIATION UNITED ICELANDAIR TE-OP KUNAS TURKISH AIR INES "00" my gan mum decision TC-LYB POTING 737 MEER CannAlelinne TF-ICC Got a question? Ask us on Slido! Enter the code '1881404' to join. TURKISH AIRLINES TC-LCO 0000000000000 sunwing www.sli.do#553 Tenets of Good Governance Accountability • Integrity • Transparency ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#56ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Governance: Let's Start the Conversation Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#57iomaviationconference.com ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Transparency - when is enough, enough? Helen Stone-Ward Associate, The Air Law Firm James Moreton Client Executive Director, Hayward Aviation Phil Morris Director, KPMG Tax Steven Quayle Director, Cains Organised by MARTYN FIDDLER AVIATION Supported by ✓ Isle of Man AIRCRAFT REGISTRY#58iomaviationconference.com ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 How has your business & governance changed over the last 4 years? Andrew Blundell Managing Director, Close Brothers Diego Garrigues Owner, DG Aviation Law Gwen Edwards Partner, CMS Nic Arnold UK Head of JTC Private Office, JTC Group Organised by MARTYN FIDDLER AVIATION Supported by ✓ Isle of Man AIRCRAFT REGISTRY#59iomaviationconference.com Welcome to the 2022 ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Isle of Man Aviation Conference Lunch break 12:30 - 14:00 Food by Wild Thyme P Lunch sponsored by and luxaviation X DIEGO GARRIGUES AVILO LAW Dessert sponsored by JET AVIATION DYNAMICS COMPANY#60iomaviationconference.com ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Flight plan to sustainability Ryan Hogg District Manager, Avfuel Organised by MARTYN FIDDLER AVIATION Supported by ✓ Isle of Man AIRCRAFT REGISTRY#61AVFUEL Flight Plan to Sustainability June 22, 2022 Ryan Hogg | District Manager Got a question? Ask us on Slido! Enter the code '1881404' to join. ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 www.sli.do#6210 FLAMMABLE NESTE Sutionable Awstion Fuel 5000 ETA AVFUEL 1863 ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 650+ Branded FBOs 3,000+ Global Contract Fuel Locations Full suit of aviation solutions 2012: Formed Avfuel Technology Initiatives Corporation Strategic partnership with leading SAF producers Logistics SAF deliveries into complex airports Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#63NESTE MY ainable Aviati uel AVFUEL IJET Got a question? Ask us on Slido! Enter the code '1881404' to join. ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT Flight Plan to Sustainability Sustainability/SAF Overview Avfuel's SAF Progress Carbon Offsetting Resources Q&A 2022 www.sli.do#64LETA ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT MANTARA Sustainability/ SAF Overview The Facts and the Market DESTE MY Got a question? Ask us on Slido! Enter the code '1881404' to join. 2022 www.sli.do#65Business Aviation & SAF In 2009, global bizav community issued a ויויו multi-goal plan to reduce carbon emissions: Business Aviation Commitment on Climate Change (BACCC). Specific goals ISLE OF MAN AVIATION CONFERENCE Short Term: 2% annual fuel efficiency improvement 2010-2020 Medium Term: Carbon-neutral growth from 2020 onward Long Term: Halving emissions by 2050 to 2005 levels Aviation is the only industry to develop internationally-agreed carbon emission reduction standards through the UN's ICAO. Got a question? Ask us on Slido! Enter the code '1881404' to join. A MARTYN FIDDLER EVENT 2022 www.sli.do#66Business Aviation & SAF ויויו Aviation contributes 2% of global Green House Gas (GHG) Emissions and Business Aviation contributes 2% of this global amount The largest potential reduction in emissions is adopting SAF SAF (pre-blend) meets requirements of ASTM D 7566 When blended with refined jet, meets ASTM D-1655 (Jet A or Jet A-1) Seven different pathways are approved (more pending) to convert different feedstocks into SAF to blend on a "drop in basis" with refined Jet/Jet A-1 Got a question? Ask us on Slido! Enter the code '1881404' to join. ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 www.sli.do#67Sustainability/SAF Overview Business Aviation & SAF ☐ ISLE OF MAN AVIATION SAF is approved for use in turbine aircraft as a UNCE A MARTYN FIDDLER EVENT It is recommended by the FAA, the European Aviation 232afety Agency and other international aviation agencies and approved for use by ASTM GAMA, NATA, NBAA, IBAC, IATA, A4A, CAAFI, IATA and ICAO are supportive of SAF and its adoption 500,000 flights have flown using a component of SAF GAMA spearheaded, in association with NATA and NBAA, the writing of an SAF guide that was released at EBACE 2018 and updated and re released in August 2020 Business Aviation Professionals and Airport Executives should review this guide and be familiar with the Q & A section. Fuel suppliers participated actively in developing the guide Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#68Sustainability/SAF Overview ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 SAF is a Drop-in Solution to the Existing Fuel Supply Chain & Infrastructure Waste & residue (NEXBTL) Renewables refinery + distillation Mah #M Crude oil Fossil refinery Blending terminal: ASTM 7566 Certification Corporate Flight Dept/FBO/Ai And ASTM 1655 recertification rport storage Refueller/ Hydrant n Got a question? Ask us on Slido! Enter the code '1881404' to join. TTTT www.sli.do#69Sustainability/SAF Overview SAF Benefits ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Smaller carbon footprint and lower emissions Up to 80% less GHG emissions over the lifecycle Harmful particulate matter, SOx reductions Powerful performance Free of Sulphur, oxygen and aromatics + high energy content = clean burning Freeze point down to -49 °C or even lower Better thermal stability Long storage time Oxidation stability remains the same for many years in neat form Got a question? Ask us on Slido! Enter the code '1881404' to join. Engine and infrastructure compatibility Can be used in existing infrastructure and without any modifications to engines Normal maintenance costs ASTM D7566 Annex A2 certified www.sli.do#70NESTE MY TELLURIDE WELCO TELLURID REGIONAL AIRPOR ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 ELEVATION 907 Avfuel's SAF Progress Got a question? Ask us on Slido! Enter the code '1881404' to join.#71Avfuel's SAF Progress Key Milestones ■ 2021: Avfuel partners with Neste ■ 2020: Avfuel launched its Carbon Offset Program ■ 2019: Avfuel provides demonstrative SAF loads ■ 2018: Avfuel and Gevo enter into SAF agreement ■ 2012: Avfuel Technology Initiatives Corporation founded Sustainable aviation fuel Got a question? Ask us on Slido! Enter the code '1881404' to Z ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 UNITED 000000000000 www.sli.do#72Avfuel's SAF Progress Continuous Supply Locations To Date FBOs/Airports Monterey Jet Center (KMRY) ■ Telluride Regional Airport Authority (KTEX) ■ Sonoma Jet Center (KSTS) ■ Truckee Tahoe Airport District (KTRK) ■ Atlantic Aviation Aspen (KASE) ■ Million Air Burbank (KBUR) ■ Del Monte Aviation (KMRY) ■ Ross Aviation (KTRM) ■ ACI Jet (KSNA) OEMs ■ Textron Aviation, Wichita ■ Bell Textron, Fort Worth ■ Embraer, Melbourne ■ Bombardier Sustainable aviation fuel ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 UNITED 000000000 Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#73ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Carbon Offsetting Got a question? Ask us on Slido! Enter the code '1881404' to join.#74ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT Avfuel's Carbon Offset Program Simple, right now solution Doesn't REDUCE emissions, OFFSETS emissions Purchase credits to fund projects 1 credit offsets 100 gallons of fuel JSSI partnership CBL - Xpansiv selected as vendor Avfuel.com/offset Got a question? Ask us on Slido! Enter the code '1881404' to join. 2022 www.sli.do#75Got a question? Ask us on Slido! Enter the code '1881404' to join. Resources ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022#76Resources Information, Brochures, Blogs, Recordings and News at ... Avfuel.com/Sustainability Avfuel.com/SAF Avfuel.com/Offset Avfuel.com/NoLead FUELING THE FUTURE Sustainable Aviation Fuel Guide EDITION 212020 Brought to you by THE BUSINESS AVIATION COALITION FOR SUSTAINABLE AVIATION FUEL Got a question? Ask us on Slido! Enter the code '1881404' to join. ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 www.sli.do#77Connect With Us Z AVFUEL Keith Sawyer, Manager Alternative Fuels [email protected] | Avfuel.com/sustainability O: 734.663.6466 | M: 925-989-0479 Facebook.com/Avfuel | Twitter.com/Avfuel Got a question? Ask us on Slido! Enter the code '1881404' to join. ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 www.sli.do#78Got a question? Ask us on Slido! Enter the code '1881404' to join. Q&A ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022#79iomaviationconference.com ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Sustainability within Air Charter Chris Mace CEO, MaceAero Ltd Organised by MARTYN FIDDLER AVIATION Supported by ✓ Isle of Man AIRCRAFT REGISTRY#80Aerobus Chris Mace June 2022 SUSTAINABILITY WITHIN AIR CHARTER ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT MACEAERO GLOBAL PRIVATE AVIATION • Private Aviation Advisory . • Aircraft Sales / Acquisition • • • Charter/Leasing / Hours Aircraft Management Got a question? Ask us on Slido! Enter the code '1881404' to join. 2022 The Air Charter Association 300+ Member Companies Brokers / Operators / Suppliers • 58 Worldwide Countries . Setting Standards / Training www.sli.do#81+ MACEAERO GLOBAL PRIVATE AVIATION The Air Charter Association SUSTAINABILITY WITHIN AIR CHARTER ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT Sector Contribution to Global GHG Emissions Source: IATA,2019 Waste 3% Agriculture 14% Buildings 8% Forestry 17% Industry 19% 11 BizAv 0.04% 2.1% The global aviation industry produces around 2.1% of all human-induced carbon dioxide (CO2) emissions. 12% Road, 10% Transportation 13% Aviation, 2% Rail, Ships, Other 1% Energy Supply 26% Most stakeholders acknowledge civil aviation's contribution of 2% of global CO2 and 3% of GHG emissions, as per the IPCC report estimates. The business aviation contribution is estimated at 2% of aviation emissions or 0.04% of global emissions. Aviation is responsible for 12% of CO2 emissions from all transports sources, compared to 74% from road transport. 35% Got a question? Ask us on Slido! Enter the code '1881404' to join. While air transport carries around 1% of the volume of world trade shipments, it is over 35% by value- meaning that goods shipped by air are very high value commodities, often times perishable or time-sensitive. Deliveries of fresh produce from Africa to the UK alone supports the livehoods of 1.5 million people, while producing less CO2 than similar produce grown in the UK, despite the energy used in transport. 80% Jet aircraft in service today are well over 80% more fuel efficient per seat kilometre than the first jets in the 1960s. 80% Alternative fuels, particularly sustainable aviation fuels (SAF), have been identified as excellent candidates for helping achieve the industry climate targets. SAF derived sources such as algae. jatropha, or waste by-products have been shown to reduce the carbon footprint of aviation fuel by up to 80% over their full lifecycle. 80% Around 80% of aviation CO2 emissions are emitted from flights of over 1,500 kilometres, for which there is no practical alternative mode of transport. 83% Globally, the average occupancy of aircraft is almost 83%, greater than other forms of transport. ATAG AIR TRANSPORT ACTION GROUP 2022 www.sli.do#82MACEAERO GLOBAL PRIVATE AVIATION GATE CLOSED PLEASE USE IVELY GATE FZ 84 FAST GATE The Air Charter Association CRASH RESCUE + AVIATION EMISSIONS SUSTAINABILITY WITHIN AIR CHARTER ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT PRIVATE FLIGHTS COST THE EARTH extinction rebellion Got a question? Ask us on Slido! Enter the code '1881404' to join. 2022 www.sli.do#83+ MACEAERO GLOBAL PRIVATE AVIATION The Air Charter Association SUSTAINABILITY WITHIN AIR CHARTER Got a question? Ask us on Slido! Enter the code '1881404' to join. ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 www.sli.do#84+ MACEAERO GLOBAL PRIVATE AVIATION IATA The Air Charter Association SUSTAINABILITY WITHIN AIR CHARTER ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2000 Two Decades of Missed and Abandoned Aviation Industry Sustainability Targets Year target is announced 10% fuel efficiency 2010 Target abandoned 2005 2015 2020 or replaced Year torget originally set for 25% fuel efficiency 1.5% fuel effiency 2025 2030 Target Met Target Missed or Abandoned Not Reported ACARE Vision 2020 Goal 2 Sustainable Aviation Virgin Atlantic ATA EasyJet SAF Users Group ICAO FAA Climate Change per year 10% SAF 6% SAF Branson's $3Bn Climate Pledge 30% CO2 reduction 10% biofuels 30% fuel efficiency 1.5% fuel efficiency per year 3% drop in CO2 per passenger km 1% Sustainable Aviation Fuel (SAF) 2% fuel efficiency per year Climate Change, Technology Goals 1 Climate Change Technology Goals 2 2.5% drop in ppkm 8% drop in ppkm One billion gallons of alternative fuels EasyJet declared victory on this unamibitious target in 2015 revenue passenger kilometers (billions) 30,000 25,000 High forecast based on 1985-2019 traffic Central forecast based on 1985-2014 traffic Low forecast based on 1985-2010 traffic 20,000 15,000 10,000 5,000 2022 icct THE INTERNATIONAL COUNCIL ON CLEAN TRANSPORTATION 0 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050 European Commission Biofuel Flight Path 2020 Possible. Inspiring climate action Got a question? Ask us on Slido! Enter the code '1881404' to join. 3.7% 3.0% 2.4% www.sli.do#85MACEAERO GLOBAL PRIVATE AVIATION The Air Charter Association SUSTAINABILITY WITHIN AIR CHARTER What is the Air Charter Industry actually doing right now? ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 >>> SaxonAr = VICTOR WHY VICTOR GROUP CHARTER EMPTY LEGS CLIMATE ACTION Defining a sustainable future for private aviation EXPLORERS AGAINST EXTINCTION LOGIN JOIN BOOK A JET CLIMATE ACTION CARBON CFSETTING Victor is committed to defining a sustainable future for private svation in 2018, we introduced a carbon offset scheme where 25% of our flights in Europe flew carbon neutral. This was just the start of a long-term commitment to climate action in support of NET-ZERO 2050. In 2019, we mandated a minimum 200% offset on every Victor fight globally in 2021, we launched our new Victor framework which calls for greater transparency and measurement over environmental action in business and general aviation FUEL BURN REDUCTION SUSTAINABLE AMATION PU 2001 CARBON STATEMENT 2001 CARBON STATEMENT PRESS COVERAGE VICTOR'S 5 Steps to Fight Climate Action AWARENESS Investing in education and raising awareness with consumers, supply chain, and future generations of the impact of their carbon footprint and how they can reduce or mitigate it MITIGATION: Every fight must be beyond carbon neutral. This can be achieved by offsetting more than the total emissions of that fight, or by engaging a hybrid solution of offsetting and sustainable aviation fuel, where available. Every Victor fight includes a minimum 200% offset. Clients who wish to contribute to offset by 400%, 800% or any higher amount can do so through our Unliminet Offices Programme EXPERT ADVISORS Vers who has over 20 years' experience in the carbon market, provides Victor with the knowledge and expertise on sourcing and investing our off-setting projects. Their proven track record and trust throughout the industry fuels our on going partnership THIRD-PARTY VERIFICATION: Openly publish the carbon emissions of the company operations and flight performance, as well as the mitigation strategy. The emissions and associated carbon credit retirement should be audited by a third-party as the company itself cannot objectively mark its own efforts. View Victor's 2021 carbon impact report, independently audited by Cooper Parry INNOVATION & REDUCTION Invest time and research into exploring new technologies which will deliver a proven reduction on your impact on global warming Smart technology might include SAF viability, optimising flight routes or arch into contrails to reduce the quantum of emissions. At Victor we are working with the award-winning provider of flight planning, Got a question? Ask us on Slido! Enter the code '1881404' to join. Sustainability in Aviation A 2022 ACTION HANDBOOK FOR CHANGE IN BUSINESS AVIATION VISTA JET Airbus meets customer request for vegan helicopter interior south pole www.sli.do#86+ MACEAERO GLOBAL PRIVATE AVIATION The Air Charter Association SUSTAINABILITY WITHIN AIR CHARTER The Air Charter Association Sustainability Consultation Do you feel that aviation targets of NET Zero by 2050 are achievable? 26% 74% Yes No When do you plan for your business to be NET Zero emissions? 30% ◉1 70% Less than 10 Years Over 10 Years Do you offer clients the ability to offset emissions? Are your emissions offsets optional with Client 'opt-in'? 48% 52% Yes No 30% Got a question? Ask us on Slido! Enter the code '1881404' to join. Yes No 70% ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 www.sli.do#87+ MACEAERO GLOBAL PRIVATE AVIATION The Air Charter Association SUSTAINABILITY WITHIN AIR CHARTER The Air Charter Association Sustainability Consultation Which of the following will be the most significant in aviation reaching its targets of NET Zero by 2050? 45% 40% 35% 30% 25% 20% 15% Sustainable Aviation Fuel 42% Electric Flight 10% 5% 0% 10% Hydrogen Fuel 30% Offsetting Emissions 14% Carbon Capture Other Innovations 3% 3% Got a question? Ask us on Slido! Enter the code '1881404' to join. ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 www.sli.do#88MACEAERO GLOBAL PRIVATE AVIATION The Air Charter Association SUSTAINABILITY WITHIN AIR CHARTER There is no single solution to eliminating aviation's impact on the environment International Aviation Net CO2 Emissions (MT) 1,600 CONTRIBUTION OF MEASURES FOR REDUCING INTERNATIONAL AVIATION NET CO2 EMISSIONS 1,400 1,200 Aircraft Technology 1,000 Operational Improvements GFAAF 800 Sustainable Aviation Fuels and CORSIA 600 400 200 Carbon Neutral Growth from 2020 0 2010 2015 2020 2025 2030 2035 2040 2045 Got a question? Ask us on Slido! Enter the code '1881404' to join. Basket of Measures ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 DACI = ICAO KAO ايكا باو ICAO www.sli.do#89MACEAERO GLOBAL PRIVATE AVIATION The Air Charter Association SUSTAINABILITY WITHIN AIR CHARTER Non-CO2 emissions (CO2e) account for 2/3rds of aviation's total climate impact NOX Soot Aerosol Contrails & Clouds Water vapour Sulphate Aerosol Got a question? Ask us on Slido! Enter the code '1881404' to join. Manchester Metropolitan University ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 2005 baseline study showed aviation (*) CO2 = 1.6% of global 'radiative forcing' But net 'radiative forcing' = 4.9% NOX = Nitrogen Oxide www.sli.do#90MACEAERO GLOBAL PRIVATE AVIATION The Air Charter Association SUSTAINABILITY WITHIN AIR CHARTER There is no single solution to eliminating aviation's impact on the environment ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 CARBON DIOXIDE (CO2) EMISSION OFFSETTING NET reduction OTHER EMISSIONS NOx, Water vapour, Sulphates, Soot, Contrails, etc. (CO2e) Not widely adopted but with NET reduction only TECHNICAL COMPLEXITY COMMERCIAL CHALLENGES LOW LOW AIRCRAFT, AIRPORT, AIRSPACE & OPERATIONAL EFFICIENCIES Some reduction Some reduction LOW LOW SUSTAINABLE AVIATION FUEL (SAF) NET reduction Some reduction MEDIUM HIGH HYDROGEN ELECTRIC PROPULSION Full reduction Significant reduction HIGH HIGH Significant reduction Some reduction MEDIUM/HIGH MEDIUM / HIGH (HYBRID ELECTRIC) ELECTRIC PROPULSION Significant reduction Significant reduction HIGH HIGH (BATTERY ELECTRIC) Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#91+ MACEAERO GLOBAL PRIVATE AVIATION The Air Charter Association SUSTAINABILITY WITHIN AIR CHARTER Emissions offsetting - PROCEED WITH CAUTION! ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 • Calculation Schemes can differ, be clear Who is making money? |||| • Double counting? Additionality Projects complete or set-up? Carbon credits Standardisation in calculating emissions CO2, CO2e or CO2e ++ Profit or non-profit organisations Operator/Broker or Company/Government Be project specific Is it scientifically measured, or will it be completed? Direct to a project? Carbon trading brokers take % Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#92+ MACEAERO GLOBAL PRIVATE AVIATION . 3 • The Air Charter Association SUSTAINABILITY WITHIN AIR CHARTER ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT Summary There is no single solution to eliminating aviation's impact on the environment Targets are ambitious and require heavy investment to achieve It's a global problem and needs to be tackled worldwide & with government support Be clear, sensible and accurate in your claims & ambitions to sustainability 2022 We all need to play our part, make changes to our businesses & throughout supply chains It goes beyond Air Charter, Business Aviation and the wider Aviation sector. It relates to every industry, sector and business Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#93SUSTAINABILITY WITHIN AIR CHARTER ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 The challenges we face now may be great, but the challenges of inaction will be far greater Got a question? Ask us on Slido! Enter the code '1881404' to join. MACEAERO GLOBAL PRIVATE AVIATION The Air Charter Association Thank you www.sli.do#94iomaviationconference.com Sustainability Q&A Chris Mace CEO, MaceAero Ltd Ryan Hogg District Manager, Avfuel Organised by Supported by ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 MARTYN FIDDLER AVIATION ✓ Isle of Man AIRCRAFT REGISTRY#95iomaviationconference.com ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Welcome to the 2022 Isle of Man Aviation Conference Coffee and ice-cream break 15:00 - 15:30 Sponsored by Close Brothers Aviation and Marine#96iomaviationconference.com ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Transformative Technology Reaching the Skies of the Future Mary Caitlin-Ray Counsel, Crowell & Moring LLP Organised by MARTYN FIDDLER AVIATION Supported by ✓ Isle of Man AIRCRAFT REGISTRY#97The Skies of the Future • New Entrants ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Increased Sustainability . Aviation Mobility and Revenue слаш VOLODRONE DB SCHENKER Diversity, Equity and Inclusion Volocopter #Blog: Volo Drone and DB Schenker Open up New Logistics Era - Volocopter Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#98Aviation Mobility and Regulation ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 FAA and EASA regulation of new entrants • Aircraft certification and maintenance framework (Part 135!) . Operator certification and operating rules Development considerations • What's new, if we're using the existing regulatory framework? Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#99What's the Buzz? ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Business Aviation Community as Operators: Opportunities to grow flight departments Business Aviation Community as Customers and Investors . ● Growing ability to complete last mile deliveries in certain communities • Continued interest in investment in the drones and eVTOLS Transform the role of the Flight Department Safety First! • Counter UAS Privacy concerns Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#100What's Holding Us Back? • Regulation Public Acceptance Infrastructure ● • Technology Got a question? Ask us on Slido! Enter the code '1881404' to join. AR MEDIC ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 www.sli.do#101• Sustainability Eye on the (Future) Sky • New Revenue Models Diversity, Equity & Inclusion. Aviation Mobility Safety • Technology Got a question? Ask us on Slido! Enter the code '1881404' to join. ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 www.sli.do#102Thank you. Mary-Caitlin Ray Counsel Aviation [email protected] Washington, DC ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Got a question? Ask us on Slido! Enter the code '1881404' to join. www.sli.do#103iomaviationconference.com ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Transformative technology Chris Bigwood Senior Connected Aircraft Solutions Architect, Honeywell Aerospace Dave Edwards CEO, The Royal Aeronautical Society Mary Caitlin-Ray Crowell & Moring LLP Organised by MARTYN FIDDLER AVIATION Supported by ✓ Isle of Man AIRCRAFT REGISTRY#104iomaviationconference.com ISLE OF MAN AVIATION CONFERENCE A MARTYN FIDDLER EVENT 2022 Summary, conference highlights and closing remarks Graham Williamson (Conference chair) Organised by Supported by MARTYN FIDDLER AVIATION ✓ Isle of Man AIRCRAFT REGISTRY