As we conclude the first quarter of 2023, I would like to express my gratitude to the Deutsche Aircraft team for your continued dedication and hard work. Together, we are growing our organisation and I am excited to share some significant updates with you.

Our team continues to expand and we have reached a milestone of 450 professionals. We aim to recruit an additional 150 specialists in 2023, building a team of 600 by the end of this year. Seeing the immense interest and high-quality applications has been truly encouraging.

To accommodate our continued growth, a large portion of our team has moved into a brand-new, state-of-the-art building. We are currently in the process of refurbishing other offices to provide the additional space necessary for our growing divisions to collaborate and innovate effectively.

Our commitment to nurturing company culture remains a top priority. In collaboration with BLACKBOX OPEN, our HR department has conducted several leadership training sessions to emphasise the key traits we value in our employees. Beyond professional expertise, we want to foster and promote personal accountability, a can-do attitude, and a test-and-fail approach (without compromising safety) to drive innovation and growth.

We are also proud to announce a significant development in the multi-role capabilities of both the D328® and the D328eco™. In February, we received certification for the In-Flight Operable Door (IFOD), which adds value for our customers and expands the horizons of the D328® and D328eco as an MR platform. The IFOD modification also includes the installation of secure handles, attachment points for harnesses and stores, and non-slip flooring to ensure the safety of crew members.

Sustainability in aviation is also taking off, and we are delighted to witness an increasing focus on Sustainable Aviation Fuel (SAF) and realistic technologies from regulatory and industry perspectives, with early impact potential to decarbonise regional aviation. Deutsche Aircraft is thrilled to be part of this critical transition, as it confirms our strategy to engineer the D328eco for 100% SAF compatibility and Power-to-Liquid (PtL). Of course, we will continue to investigate other fuels and novel propulsion concepts.

As we prepare for the groundbreaking ceremony at our Final Assembly Line in Q2, which will be a significant milestone for our programme, we continue to engage with our Industry Advisory Board to ensure our product development aligns with market needs. Encouragingly, we have received substantial interest in the D328eco™ from both lessors and airlines.

In addition to fine-tuning our organisational structure to reflect our growing team and focusing on accelerating product delivery, we are gearing up for pivotal announcements throughout the year. Stay tuned for more exciting developments!

Once again, thank you for your unwavering commitment to Deutsche Aircraft's mission. Together, we will continue to drive innovation, sustainability, and success in the aviation industry.

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Best Regards,

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Dave Jackson

CEO, Deutsche Aircraft

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