Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental
• Social
• Governance

Environmental Achievements

• Purchase offsets to counteract carbon emissions

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Increased frequency and severity of storms, floods, fires, fog, mist, freezing conditions, sea-level rise, and other climate-related events could affect operations, infrastructure, and financial results.
• Continued periods of significant disruption in the supply of aircraft fuel could have a significant negative impact on consumer demand, operating results, and liquidity.
• System failures, defects, errors, or vulnerabilities in our website, applications, backend systems, or other technology systems or those of third-party technology providers could harm our reputation and brand and adversely impact our business, financial condition, and results of operations.
• Cyber-based attack of information technology systems could disrupt ability to deliver services to customers and could lead to increased overhead costs, decreased sales, and harm to reputation.
• Material weaknesses in internal control over financial reporting.

Mitigation Strategies

• Implementing SOX compliance software to assist in the overall evaluation and documentation of the design and operating effectiveness of our internal controls over financial reporting.
• Developing and refining disclosure controls and other procedures to ensure that information required to be disclosed is recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms.
• Improving internal control over financial reporting.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Increased frequency and severity of storms, floods, fires

Transition Risks

• Regulatory changes

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impact on Short Distance passenger services, including travel restrictions and reduced demand.
• Increased demand for private jets leading to higher charter costs and limited availability.
• Inflation impacting costs and potential need to pass through cost increases to customers.
• Potential for regulatory obstacles to block service offerings in certain jurisdictions.
• Material weakness in internal control over financial reporting.

Mitigation Strategies

• Implemented new measures to focus on passenger safety during the pandemic.
• Continued to secure dedicated jet aircraft at fixed prices despite increased market demand.
• Historically passed through cost inflation to customers, but no guarantee this will continue.
• Working to remediate material weakness in internal control over financial reporting, including hiring a Director of Internal Controls.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Potential increased impacts of severe weather

Transition Risks

• Regulatory activity

Opportunities

• Development of energy-efficient products (implied)

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• The report does not explicitly mention ESG-related challenges.

Supply Chain Management

Climate-Related Risks & Opportunities