JetLoan Capital arranged loans totaling $175 million in 2022 for the following collateral types:

• Light, mid-size, large cabin jets, turboprop and piston aircraft
• Helicopters
• Marine

Sam Harris, President, said that the general aviation and business jet segments have been
expanding and very active for the last several years, creating inventory shortages and an increase in
aircraft prices. It is estimated that 1 in 4 aircraft buyers are first-time owners.

JetLoan notes a slight slowdown in Q4 2022 vs Q4 2021 activity due to the noted inventory shortages,
rising interest rates and talk of an economic downturn. JetLoan forecasts a modest slowdown for
lending activity in 2023, but not significant, given the negative publicity for commercial airlines, as well
as health, safety and privacy concerns.

Banks generally speaking are becoming more cautious as they build reserves and guard capital amid talk
of a possible recession. That said, there is ample capital available for aircraft loans, and several new
banks have recently entered the arena.

JetLoan Capital is an independent aviation and marine finance brokerage firm assisting clients with
funding for jets, turboprops, pistons, helicopters, and yachts through their group of over 150
commercial banks, community banks, credit unions, finance companies, and private equity funding
sources.