Istanbul | May 28, 2018– Boeing and Turkish Technic Inc., the maintenance, repair and overhaul (MRO) arm of Turkish Airlines, announced signing of a Global Fleet Care supplier agreement.

Turkish Technic is now a strategic Boeing supplier for line maintenance, heavy maintenance of airplanes, component service and repair. Boeing and Turkish Technic will collaborate together in the training and certification of technicians from different parts of the world.

“We provide a broad portfolio of MRO services in 50+ International Line Maintenance locations as well as our existing base maintenance facilities in Istanbul and Ankara. In addition to the current services we provide, more will be available to our customers at our brand-new facilities, located Istanbul New Airport as of 29^th October 2018. We are so glad to announce such a remarkable collaboration with Boeing today, which will significantly contribute and add value to our business in our new home base. Within the extent of Boeing Global Fleet Care program including aircraft maintenance, repair and training, Boeing operators will be able to experience the world class quality of Turkish Technic’s MRO services through this agreement.” said Ahmet Karaman, General Manager of Turkish Technic Inc.

Last year, Boeing and the Turkish Government announced the Boeing Turkey National Aerospace Initiative, launched to support the growth of the Turkish aerospace industry, in conjunction with the targets set by Turkey’s Vision 2023 that specially designed for the 100^thestablishment anniversary of the Turkish Republic. The initiative outlines a strategic framework that aligns Boeing investment and programs with the Turkish Government, Turkish airlines, aerospace service companies and industry suppliers in the areas of research, engineering and skills development.

“Turkey is one of the Boeing’s top strategic growth countries, and we see strong capability and growth potential in aviation services and maintenance in Turkey,” said Marc Allen, President of Boeing International. “Positioning Turkey as a global player in aviation services is one of the key elements of the Boeing Turkey National Aerospace Initiative we announced last year. With this agreement, we are taking our successful collaboration with Turkish Technic one step further in a manner that aligns to the growth of Boeing and Turkey.”

Through its Global Services division, Boeing provides technical support to more than 60 customers and over 2,500 airplanes through its Global Fleet Care program. This customizable portfolio offers engineering and planning activities associated with managing the technical performance of the airplane. A power-by-the-hour based offering, Global Fleet Care solutions in the form of Engineering, Materials and Maintenance programs bring inherent efficiency to airline operations.

Boeing and SIAEC also finalize agreements for BAPAS to enter full operations

Orlando, Florida | April 11, 2018– Boeing [NYSE: BA] announced that on March 7, 2018, two previously signed integrated Boeing Global Fleet Care agreements for Singapore Airlines’ fleet of 27 777-300ERs (Extended Range) and Scoot’s fleet of 20 787 Dreamliners were transferred to Boeing Asia Pacific Aviation Services Pte. Ltd., (BAPAS), a joint venture between The Boeing Company and SIA Engineering Company (SIAEC).

“Boeing’s partnership with SIAEC will create more efficient and customer-focused service solutions by combining our resources and intimate understanding of airframe lifecycle with knowledge of current and emerging requirements in the Asia Pacific region,” said Stan Deal, president and CEO, Boeing Global Services.

Under the integrated Global Fleet Care agreements, BAPAS will provide engineering services, maintenance planning and scheduling, and operation control center services, along with materials demand planning and spares support for the airlines. BAPAS also will tailor maintenance and reliability programs and provide support for aircraft modifications. Following these agreements, BAPAS is anticipated to support more than 70 Boeing aircraft within the Singapore Airlines Group.

Boeing and SIAEC also confirmed the completion of the agreements and processes necessary to fully enable the BAPAS joint venture. BAPAS will continue offering industry-leading engineering, materials management and fleet maintenance support solutions for Boeing 737, 747, 777 and 787 aircraft to airline customers in the Asia Pacific region.

About Boeing Asia Pacific Aviation Services Pte. Ltd.

Boeing Asia Pacific Aviation Services Pte. Ltd. (BAPAS) is a joint venture that combines Boeing engineering knowledge of the 737, 747, 777 and 787 aircraft with SIA Engineering Company (SIAEC) maintenance, repair and overhaul expertise. BAPAS offers a total fleet maintenance solution that incorporates a suite of knowledge based maintenance services. These one-stop services include Fleet Engineering Services, Fleet Material Services and Maintenance, Repair and Overhaul (MRO) services, specifically formulated to cover airline customer needs from entry into service to ongoing operations to the decommission or sale of an aircraft.

August 28, 2017– flydubai has today announced its Half-Year Results for the 2017 financial year and has reported total revenue of AED 2.5 billion (USD 689 million) an increase of 9.9% compared to the first six months of last year and a loss of AED 142.5 million (USD 38.8 million). Historically, the trend for the second half has been stronger than the first half.

Total revenue increased to AED 2.5 billion (USD 689 million) for the six-month period
Reports loss of AED 142.5 million (USD 38.8 million) for the period ending 30 June 2017
Increase in passenger numbers to 5.4 million during the reporting period; an increase of 10.5%
RPKM grew by 18.9%; ASKM increased by 7.9% compared to the first six months of 2016
Contributed 19.4% to the total growth at Dubai Airports compared to the same period last year
Passenger numbers increased to 5.4 million; an increase of 10.5% compared to the first six months of 2016. The number of passengers carried per departure saw an increase of 13.7% for the same period. The increase in passenger numbers reflects the strength of flydubai’s network connecting previously underserved markets to Dubai. The number of Business Class passengers carried per departure saw an increase of 22% compared to the same period last year.

In addition, flydubai contributed 19.4% to the total growth at Dubai Airports compared to the first half of 2016. During the first six months of 2017, flydubai contributed 12.4% of all traffic in Dubai.

The demand for travel on flydubai remains strong and the airline has seen its overall market share grow. These factors have, however, been offset by the price performance determined by the market. The airline also faced comparatively higher fuel expenses during the reporting period with fuel costs accounting for 24.8% of operating costs compared to 23.5% in the previous reporting period. In addition, the airline added 8 aircraft to its fleet since July 2016.

The closing cash and cash equivalents position including pre-delivery payments for future aircraft deliveries, remained robust at AED 2.1 billion.

Ghaith Al Ghaith, Chief Executive Officer of flydubai, said, “the demand for travel from the growing number of our passengers remains strong. We will however continue to manage our cost performance and balance this with our long-term view of the potential for air travel in the region. We know that we need to remain flexible to the market dynamics across our network. We will continue our disciplined approach to increasing capacity whilst pursuing our broader goal of firmly establishing flydubai at the centre of the global travel industry.”

Arbind Kumar, Senior Vice President, Finance of flydubai, said, “during the first six months of this year, we have seen pressure on both yield and cost. We continue to focus our efforts on three key areas: improvement in our cost performance, a broadening of our distribution and optimisation of our network. Knowing that we have faced a similar seasonality and trend in previous years, we will move ahead cautiously but strong in the knowledge that there remains much untapped opportunity.”

Operational performance

Fleet: During the first half of 2017, flydubai took delivery of the last of the Next-Generation Boeing 737- 800 aircraft receiving one aircraft in February and a second aircraft in April. The average age of the fleet is 4.0 years and this underscores flydubai’s strategy to operate a young and modern fleet.

Network growth: flydubai started twice-weekly flights to Sylhet on 15 March 2017 increasing to six flights per week in May. For the first time, flydubai launched flights for the summer season to Batumi in Georgia, Qabala in Azerbaijan and Tivat in Montenegro. Due to the popularity of direct flights to these new holiday destinations services have been extended to October.

Outlook

The previous investments in product and services are returning results as well as enabling flydubai to retain and attract new passengers. The airline has embraced new technologies with the aim to improve costs through dynamic yield management and using real-time data to enhance the customer journey.

A new model aircraft: flydubai is the first airline in the region to take delivery of the Boeing 737 MAX 8 aircraft. The airline is set to receive six new aircraft by December 2017 with entry into service during the fourth quarter providing greater flexibility, reliability and efficiency to its fleet.

New routes: flydubai has been operating flights to Russia since 2010 and will further expand its network to 10 destinations. Twice weekly flights from Dubai to Makhachkala and Voronezh will operate from the end of October 2017. In addition, flights from Dubai to Ufa, operating three times a week, will relaunch on 31 October.

A new headquarters office: The airline is building a new headquarters office located on the Emirates Road and is expected to be available for occupation from 2019. This investment will support the airline’s continued growth.

Ghaith Al Ghaith, looking towards the year ahead, said, “during the next six months we will see the new Boeing 737 MAX 8 aircraft bring greater operational efficiency to our fleet, we will open up previously underserved destinations on our network, see more passengers travel with us and continue to invest in the future growth of the airline. There remains much potential for flydubai as part of the UAE’s aviation hub and a key driver of the sustainable development of the trade and tourism industry.”

In 2009 the average aircraft utilization for the world’s commercial fleet is expected to drop by 4% compared to 2008, according to the latest Commercial Aircraft Fleets and Utilization Forecast from OAG (www.oagaviation.com), the world’s
leading aviation data business.

This is revealed in OAG’s most recent study of the global MRO (maintenance, repair and overhaul) service demand projection for the next decade, developed in partnership with AeroStrategy. The
utilization forecast, which drives MRO demand, takes into consideration the significant global downsizing in schedules frequency and capacity that have been filed with OAG in the past six months. Global aircraft utilization typically grows at an average of 3.4% per year.

John Weber, Managing Director, OAG Aviation, said: “Scheduled airline frequency and capacity cutbacks made over the past six months will have a significant impact on planned aircraft utilization, with a corresponding short-term downturn in demand for MRO services. We are projecting a worldwide drop of -4% in average aircraft utilization in 2009 compared to 2008, with only modest recovery in 2010. Normal levels of aircraft utilization growth are not expected to return until 2011.”

The regions worst affected this year by a reduction in aircraft utilization will be North America (-7%) and Western Europe (-5%). Least affected will be China, Eastern Europe, Africa, India and Latin America. North American and European operators accounted for 61% of global aircraft utilization in 2008. The forecast trend indicates a gradual shift of this market dominance to other regions. By 2018, Asia is projected to increase its share of the world’s global aircraft utilization by 2.8% to 25.4%, driving up demand for MRO services in that
region.

Over the next 10 years, OAG forecasts that aircraft retirements will peak in 2016 – 1017 at double the average retirement rates of 2009 – 2013. The global installed base of active aircraft will grow 38% by 2018 compared with 2008.

OAG’s Commercial Aircraft Fleet and Utilization Forecast is a 47-page in-depth report tracking 10 year future trends. It is one of six reports produced by OAG on the Commercial Aviation MRO (“CAMRO”) sector covering airframe, engine, components, modifications and line/field maintenance.

To view or download a copy of the report’s executive summary and illustrative graphs, please visit
http://www.oagaviation.com/aviation-reports/reports-camro.htm.

OAG, part of UBM Aviation (www.ubmaviation.com), provides essential aviation workflow data and analytics sourced from its comprehensive proprietary airline schedules, fleet and MRO databases. UBM Aviation is a division of United Business Media Limited (www.unitedbusinessmedia.com)