May 14th, 2015

May 14th, 2015 Mr. Larry Visoski Hyperion Air L.L.C. St Thomas, VI 00802-1348 fetroffoct Dear Mr. Visoski: Enclosed please find our May 2015 Light Twin Helicopter Market Synopsis. CNBC recently aired a segment on the preowned aircraft market calling Jeteffect "a major aircraft sales company'. In fact, year-after-year Jeteffect has been a leader in terms of transactions completed. Our coast-to-coast offices have combined to sell more than 50 aircraft in the last 12 months alone. I have been buying and selling turbine helicopters and business jets for domestic and international clients for 16 years, initially based in my home country England, and subsequently here in the United States since I moved over in 2001. My base is the recently opened Jeteffect Washington D.C. office, ideally located at Dulles International Airport, to provide Mid-Atlantic/North Eastern region as well as world-wide customers with an additional source of aircraft sales and acquisition expertise. If you're considering selling and upgrading your helicopter now, or in the near future and would like to know the approximate value of your helicopter in today's changing contact me at 571.933.7393 or send an e-mail message to me at man( lac lea e I look forward to the prospect of speaking with you! Sincerely, c) &1.11/41"-" • Peter Leonard-Morgan Sales Director v-WattZZFISI EFTA01191206 AW109E/B430/H135/MD900&902 MARKET SYNOPSIS May_2015 A Jeteffect Market Intelligence Report Overview The executive/corporate light twin turbine helicopter segment is occupied by Airbus Helicopters (formerly Eurocopter), AgustaWestland, Bell Helicopter and MD Helicopters. Within that category, the same airframes are also used for other roles including offshore oil and gas, law enforcement/search and rescue (SAR), air ambulance (EMS) and other utility roles such as power line installation and maintenance. The AW109 has, for many years, been a favorite in the executive sector due to its retractable landing gear and speed. The 109E (Power) saw excellent new sales for years and its used market is suffering slightly as a result with higher pre-owned inventory compared with the other three airframes in this survey. Sadly, MD Helicopters is seeing very slow sales of its twin NOTAR (no tail rotor) ship. AW109E - BELL430 - H135 -MD900/902 Current Market Summary AW109E 8430 H135 M0900/901 For sale Inventory Total in operation 376 116 1079 119 40 £ 35 Average year (of oircrof t for sole) 2003 1999 2004 1998 ko 30 Z 25 Average AFTT(hours) 1978 3709 2977 2970 t, 20 3 is Average days on market 465 810 442 840 10 Percent of total fleet for sale 11.97% 6.9% 3.91% 7.56% ; s 0 Unit sales last six months 17 3 14 2 .;% ,..\-vb csb sb str e • Absorption rate 12.4 14.0 15.0 27.0 •AW109E • 8430 H135 SiD930/902 35 3 is • 2.5 i 1 a is s 4 • 0 0 Ask PrIce_Inind 4. %4‘b <b),•41. 44-1 • AW109E • 8430 - H135 MO900/902 • Absorption rasa is the number of months required to sell the current Inventory beset' on recent salts activity Current Availability Unit Solsc •AW:09E n8430 H:35 M0900/901 Market Summaries on your next upgrade aircraft are available upon request. Please contact me, Peter Leonard•Morgan can for these or any other information you may require on the turbine heficopter and business jet markets. fotoffoct EFTA01191207