flyExclusive SPAC Presentation Deck

SUMMARY P&L Continued focus on vertical integration and scaling flight offerings Revenue Aircraft Charter MRO Revenue Fractional Share Revenue Total Revenue Cost of Goods Sold Net Income Historical and Projected Income Statement ($ in 000s) 2021A 2022A Depreciation & Amortization Interest Public Company Readiness Expense Cares Act Grants Adjusted EBITDA Adjusted EBITDA Margin 2019A $99,004 $99,004 $71,177 ($33) 12,228 5,041 $17,236 17.4% 2020A $121,039 $121,039 $85,810 $3,317 16,113 5,343 (12,431) $12,342 10.2% $208,172 105 $208,277 $159,238 $2,241 17,353 4,218 (11,153) $12,659 6.1% $318,259 1,556 227 $320,042 $255,441 23,114 8,291 1,660 2023E $28,913 9.0% $359,440 4,840 3,014 $367,294 ($4,152) ($11,855) $288,049 26,336 10,771 6,774 $32,025 8.7% 2024E $495,093 8,970 16,513 $520,576 $392,024 $10,150 31,687 12,011 $53,848 10.3% *Adjusted EBITDA is a non-GAAP financial measure I We include Adjusted EBITDA as a supplemental measure for assessing operating performance in conjunction with related GAAP amounts and for the following: ● Used in conjunction with strategic internal planning, annual budgeting, allocating resources and making operating decisions Provides useful information for historical period-to- period comparisons of our business, as it removes the effect of certain non-cash expenses and variable amounts ▪ A reconciliation of EBITDA to Net Income, the most directly comparable GAAP measure, is shown in the accompanying table flyexclusive 38

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