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Moscow, December 25, 2021: An MС-21-300 aircraft, whose wings are made of polymer composite materials produced in Russia, recently performed its first flight. The airliner became airborne from the airfield of the Irkutsk Aviation Plant, a branch of Irkut (a subsidiary of UAC of Rostec State Corporation). The flight was performed in normal mode. The aircraft was piloted by a crew consisting of test pilot, Hero of Russia Roman Taskaev, and test pilot, Hero of Russia Oleg Kononenko. “The flight mission wasfullycompleted. The aircraft systems were operating normally,”Roman Taskaev said. MС-21-300/310 is a new generation medium-haul aircraft with capacity of 163 to 211 passengers. Its key distinction consists in its wings made of composites. “The first flight of an airliner with wings made of Russian composites corroborates the fact that we have done everything right, the MC-21 program is developing consistently and unswervingly in spite of sanctions and unfair competition. This is a result of accumulating knowledge and expertise in the aviation industry, as well as unprecedented government support. The total amount of funds allocated by the Ministry of Industry and Trade for the creation of a composite wing adds up to 4.4 billion rubles. This Russian technology has a number of advantages over the traditional prepreg autoclave technology, which makes it possible to increase productivity, reduce labor and production costs, provide conditions for forming large parts and high quality of mass-produced products. To date, a composite wing has already been made for two aircraft, and the manufacture of a third set is in progress. We plan to obtain changes to the type certificate regarding the composite wing made of Russian materials in the second half of 2022,” said Denis Manturov, Minister of Industry and Trade of the Russian Federation. Domestic materials for composite bearing structures of the wings were developed in close cooperation with scientists from Moscow State University, Rosatom and aviation industry specialists. The qualification tests of the materials showed that they meet requirements of MС-21 structure. Wing panels and the center section of the MС-21-300 aircraft are made at the AeroComposite-Ulyanovsk plant. The wing is manufactured using unique vacuum infusion technology, patented in Russia. “The share of composites in the MС-21 airframe is about 40%, which is unprecedented for medium-haul aircraft. The use of strong and lightweight composite materials has enabled the design of a wing with unique aerodynamic characteristics unattainable for a metal wing. Improved aerodynamics have made it possible to increase the width of the MC-21 fuselage and expand the cabin, which brings new advantages in terms of passenger comfort. MС-21 is the world’s first ever mid-haul aircraft with such solutions,” said Sergey Chemezov, CEO of Rostec. MС-21 is focused on the most mass-market segment in passenger transportation in Russia and in the world.At present, the certification of the MС-21-300 aircraft is nearing completion, we plan tolaunch deliveries of it to airlines in 2022. At the same time, tests are underway of MС-21-310 with the new Russian PD-14 engine. “There are six MС-21-300 aircraft in production, intended for delivery to customers. All of them are equipped with wings made of Russian composites. An impressive step forward has been made in strengthening cooperation between Russian aircraft manufacturing plants as part of the MС-21 program. Centers of competence have been created within the UAC system, specializing in the production of individual units, e.g., Aviastar produces fuselage panels and tail unit for MC-21, andVoronezh Aircraft Plant makes engine pylons and landing gear fairings. AeroComposite-Ulyanovsk manufactures the wing box, and KAPO-Composite – the wing high lift devices. These centers are involved in ambitious projects in the Russian aircraft industry,”said Yuri Slyusar, General Director of United Aircraft Corporation.

To implement the approved plan towards re-commencement of operations .The operations will commence in 2022 with six narrow body aircraft and reach 100+ aircraft fleet as a 5-year plan. New Delhi, December 17, 2021: In a press shared by the Jalan Kalrock Consortium, the company has mentioned that it is ready to commence domestic operations by early New Year. Jalan Kalrock Consortium is the Successful Resolution Applicant of Jet Airways after being given the approval by NCLT in June 2021. The Jalan Kalrock Consortium has approached the Hon’ble National Company Law Tribunal (NCLT) to fast track the implementation of the Approved Resolution Plan by infusing capital in Jet Airways. The Consortium wants to commence payments to all stakeholders including ex-employees, workmen, ticket claimants and lenders of Jet Airways as per the plan approved by the NCLT in June 2021. In its latest filing before the NCLT, the Consortium has intimated December 22, 2021, as its plan “effective date” and seeks to forthwith implement the plan as approved previously by NCLT in June 2021. Murari Lal Jalan, Lead Member of the Consortium and Proposed Promoter and Non-Executive Chairman of Jet Airways said, “We are excited to embark on the next phase of revival of India’s most loved airline. We at JKC await the Hon’ble NCLT’s decision on our last filing and look forward to recommencing operations of Jet Airways at the earliest. Jalan further clarified that,“The Consortium is ready with its investments and given the progress the team has made operationally since NCLT Approval in June 2021, we feel it is time to fund the company immediately for revival of the business, without delay”. He reiterated that “We are aiming to start Domestic Operations at the earliest in 2022 as a Full-Service Carrier and look forward to creating history with Jet Airways revival.” On the plans of revival and fleet type of Jet Airways 2.0,Florian Fritsch of Kalrock Capital Partners and Partner of Jalan in Jet Airways said, “I am totally aligned with Mr. Jalan and his vision for Jet Airways. I feel the people of India deserve Jet Airways to come back and our teams are working tirelessly to ensure its revival.” Florian clarified that ,“the decision to invest in Jet Airways has been well thought off by me and Mr. Jalan and we both feel that now is the time that next steps of plan implementation be complied with as per orders of the NCLT.” On the fleet type, Florian said, “Jet Airways will commence its operations in 2022 with 6 (six) Narrow Body Aircraft and reach 100+ Aircraft Fleet as a 5-year plan. Even with an aggressive expansion strategy, Jet Airways intends to be a ESG Compliant Aviation Company.” On his relationship with Mr Jalan and future plans of the Consortium, Florian said “I am very fond of Mr. Jalan. He is a true visionary who wants to maintain a low profile but has big plans. It was his idea to invest in Jet Airways and Kalrock is glad to have partnered with him on this transaction. We are also exploring other business opportunities together in Indo-Pacific Region and in Eastern Europe”. On the revalidation of its existing Air Operator Certificate (AOC), the Consortium clarified that the process of revalidation was initiated in August 2021 itself, within days of receiving the NCLT approval, and the process has now been fast-tracked. The Consortium is confident of receiving the AOC in the coming months and will start operations soon thereafter. The Consortium said “We are in regular touch with the DGCA and the Ministry of Civil Aviation to have Jet’s AOC revalidated and we thank the authorities for their continued support. Jet Airways has an existing AOC valid until 2023, which was only suspended in 2019 due to the financial health of the company then, and the current process taken up is towards removing the said suspension and therefore the time required for getting the AOC revalidated will be substantially lesser in comparison to obtaining fresh AOC by a new company”. On slots at key airports, including Delhi and Mumbai, the Consortium clarified that it is working closely with the relevant authorities and airport coordinators on slot allocation, required airport infrastructure, and night parking and is confident to get the initial slots required by to commence operations. The Consortium said, “We have held multiple rounds of discussions with all key airports which form part of the initial network plan and are confident to get the required slots in the Summer Schedule of 2022.” On operational details and manpower engagement, the Consortium said, “Jet Airways is a brand which has grown bigger and stronger over the last two decades and people are excited to join and work for Jet Airways. The company has received more than 35,000 applications across job categories and the team is shortlisting candidates as per its business requirements. Jet Airways 2.0’s new corporate office is in Gurugram and the Consortium is looking for a bigger office in Delhi NCR to house the entire team in one office.” On senior management hirings, the Consortium said that, “Most of the Senior Management Positions as per our approved organization structure has been filled and the Consortium will introduce the Entire Senior Management Team to all stakeholders soon.” The Consortium is ready with the required capital and have applied to the Hon’ble NCLT for the necessary approvals to start capital infusion in Jet Airways for further implementation of the plan approved by Hon’ble NCLT in June 2021.