Investor Presentaiton

-FLYING BUSINESS OVERVIEW Our capital-light CMI flying allows us to separate ourselves from any other lessor and provides incremental returns on top of the lease Our unique A+CMI model leverages our deep experience in express/e-commerce operations Our Cargo Wet2Dry model allows us to grow our leasing business Our passenger ACMI operations with heavy emphasis on government flying represents reliable revenue and cash flow less impacted by global trade and global business cycles. Wet2 Dry INTERNATIONAL AIR TRANSPORT Our airlines fly for customers as an ACMI carrier to prove leasing concept Airline provides aircraft in addition to CMI model Flies the routing provided by the customer so that the customer can build the lane Customer can test the economics of the aircraft prior to lease DHL, Amazon, Amerijet, Northern, Raya were all Wet2Dry customers Slide 1 27 ATSG

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