Q3 Update: Will take delivery of one A319, one A320 and one A321 freighter; Will complete the financing and sign the lease for the maintenance facility to be built at Ft. Lauderdale Int’l Airport; Projected to fly over 6,000 block hours in the quarter; Signed LOI for two additional A321 freighters for delivery this year Guidance items provided in this release are based on Company’s current estimates and are not a guarantee of future performance. The Company expects to operate over 6,000 block hours in Q3 and is increasing its revenue guidance for 2023 to $150 million, a 54% increase over 2022. Currently $112 million of this revenue, or approximately 75%, is contracted. The Company is currently bidding on average $2M worth of contracts a day and has a current pipeline of potential contracts for 2023 of approx. $50M. To support this growth, the Company is looking to take delivery of three more passenger aircraft in 2023, plus up to four more A321F aircraft. To date for all of 2023, the Company has contracted for 13,629 block hours and expect to contract an additional 7,000 hours subject to actual aircraft delivery dates. This compares to 10,615 block hours contracted in all of 2022.
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