flyExclusive Investor Presentation Deck
GROWING TAM WITH FAVORABLE DYNAMICS
A large, untapped user base with potential for meaningful adoption exists
Industry Drivers
Landscape Shift in Air Travel from Commercial to Private
The pandemic accelerated sustained market growth as individuals
sought safer flying options
■
Reduction in Commercial Aviation Capacity and Poor Performance
Major airlines continue to operate less capacity
Airlines continually trimming costs, causing a decline in customer
experience and increase in dissatisfaction overall
■
Reversed Corporate Trend of Cutting Executives Private Flights
Previously cut corporate travel expenses now ubiquitously incurred
due to health concerns and availability of travel options
I
Growing Flight Optionality and Reduced Barriers
Growth in the number and types of customer programs have
resulted in lower barriers to access private aviation, expanding the
TAM to include households with lower net worth
Source: Wall Street research.
Private Aviation TAM by Household Net Worth ("HHNW")
▪ Potential TAM expected to grow to more than $43 billion driven by
enhanced affordability, new customer segments, and increasing
penetration in existing economic cohorts
Potential TAM Growth -1.4x
-$43 Billion
$1.6
$14.2
■
-$32 Billion
$1.1
$9.3
$3.4
$17.6
$5.5
$22.0
HHNW $50 - $100 million
HHNW $10-$50 million
HHNW $5 - $10 million
Corporate Use
2021 E
2025E
McKinsey estimates that only ~10% of households that can afford private
aviation (i.e., households with a net worth over $10 million+) use it
• Lower adoption level underscores the significant opportunity to
increase share across private aviation's historical core markets
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