FlexJet SPAC Presentation Deck

Proven Flexible Subscription Based Business Model with Consistent Profitability Expanding Market with Growth Opportunities Large addressable market witnessing significant growth from new entrants accelerated by the COVID-19 pandemic Prior to the pandemic - "Estimated ~90% of people who can afford to fly privately don't" - McKinsey(¹) ~$373 billion Significant potential to capture share from first & business class market $2.3 billion Flexjet 2022E revenue(2) FLEXJET.COM "Private air travel skyrocketed in the pandemic as more travelers, eager to avoid sitting next to a potentially sick passenger or spending a long flight wearing a mask, have made the switch from commercial to charter." The New York Times (1) (2) (3) (4) (5) ~$33 billion U.S. private aviation market (3) Global first & business class commercial travel (4) "The popularity of private aviation has been on a slow and steady climb for some time now, but since the start of the COVID-19 pandemic, the industry has seen record growth that few could have predicted. Monthly private flights are up 30% from pre-pandemic levels, and jets now account for a quarter of U.S. flights, double their 2019 share." FORTUNE Long-term Secular Tailwinds ▸ Strength in global economy and growing affluence "Frugal Wealthy" have migrated to Private Aircraft Travel The number of millionaires globally is expected to increase by ~40% over the next 5 years(5) Increased desire for safe and convenient travel Pandemic-induced concerns for health and safety driving new entrants to private aviation Preference for private travel experience Disruption in commercial aviation Deterioration of commercial airline capacity and routes / networks, reliability and overall inconvenience U.S. business jet activity was 10% higher in 2021 versus 2019 (U.S. Business Jet Departures) 1,971,605 +2% 2,020,211 2018 +6% 2,141,175 2019 -26% 1,574,523 2020 2017 McKinsey & Company report dated May 15th, 2020. 2022E metrics represent forward looking statements. See the Disclaimer for further discussion of our forward-looking statements. Total addressable market consists of the U.S. passenger charter market, fractional ownership market and whole aircraft ownership market. U.S. passenger charter market per IBIS; U.S. fractional ownership market per Magna research; U.S. whole aircraft ownership market based on GAMA global turboprop and turbojet delivery value, assuming 69% applied to U.S. and 80% for Part 91 per Wall Street Research and Gama. Based on IATA 2022 projected global commercial airline passenger revenue and PWC estimate of 75% of passenger revenues from business corporate travelers. 2021 to 2026 growth rate based on Credit Suisse Global Wealth report dated September 2022. 27 +49% 2,349,605 2021

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