Zephyrus Aviation Capital Continues to Advance Market Position with Vigorous Commercial Activity and CSR Initiatives in 2022

DUBLIN – January 16, 2023 – Zephyrus Aviation Capital Limited (“Zephyrus”), a commercial aircraft leasing, trading and management company, released on the sidelines of Airline Economics’ Growth Frontiers Global 2023 conference in Dublin, Ireland, highlights of the platform’s vigorous commercial activity and its team’s increasing CSR-oriented involvement in the community and industry throughout 2022.

Strengthening Market Position:

• Acquired four (4) aircraft with existing leases

• Redelivered, transitioned, and extended ten (10) aircraft and engines, including transitions of both aircraft and engines to new operators

• Sold three (3) aircraft and one (1) engine

• Signed commitments for the sale of one (1) aircraft in Q1 2023 and the lease/transition of two (2) aircraft in 2023

• Added seven (7) new operators to its customer portfolio

• Entered into two (2) new debt facilities

• Continued to deploy capital from its second aviation fund “Fund 2”

• 100% fleet utilisation as of Dec 2022

Investing in Team and Capabilities:

• Added four new team members and one summer intern

• Built out and opened two new office locations in Dublin, Ireland, and Fort Lauderdale, Florida

Supporting Community and Industry:

• Zephyrus’ SpringZ Committee continues to support local community charitable causes and industry-wide not-for-profit organisations with impactful initiatives

• • Hosted office service days to benefit Feeding South Florida and St. Michael’s House in Dublin

• • Organised team holiday fundraisers in support of South Florida’s Salvation Army Toy Drive and Dublin’s Team Hope Christmas Shoebox Appeal, and held a World Cup Prediction Competition internal employee fundraiser

• Zephyrus continues to be a generous and active supporter of the ISTAT Foundation and its charitable initiatives in the aviation community

“As I reflect on the past year, I am pleased by the agility of our team in a rapidly changing market. Last year we placed a significant focus on transitions and extensions, alongside the addition of growth aircraft. As we enter 2023, the Zephyrus team will remain focused on leveraging our team’s experience and the platform’s resources to advance our market-leading position and deepen relationships with stakeholders across the aviation industry and within our local communities,” said Damon J. D’Agostino, President & CEO of Zephyrus Aviation Capital. “The team has attained several milestones and generated further shareholder value during this past year, while also supporting the sector’s ensuing recovery and increasing engagement with local and industry-wide organisations with impactful initiatives.”

Zephyrus ended 2022 with an owned, managed, and committed portfolio of 24 aircraft and engines on lease to 21 airlines in 17 countries.

About Zephyrus Aviation Capital

Launched in 2018, Zephyrus is led by a highly-skilled executive team and backed by Virgo Investment Group, a private investment firm based in the San Francisco Bay area. Zephyrus is an aircraft and engine leasing and trading company focused on in-production aircraft which are in the young to mid-life phase of their lifecycles. Utilising strong industry relationships, leveraging a proven industry track record of transactional success, and employing innovative strategies, Zephyrus is a fleet management solutions provider with a customer-centric approach that creates value for all stakeholders. Zephyrus’ in-depth knowledge of aviation assets, coupled with industry-leading partnerships, allows for innovative solutions across the aviation industry. www.zacap.aero