Dragonfly Helicopters, in line with its expanding business strategy, is pleased to announce the latest addition to its growing fleet. In May we proudly welcomed a brand new H125 helicopter with a comfort layout, delivered straight from Airbus in France to our base at Eggemoen. This exciting acquisition marks a significant milestone for Dragonfly Helicopters. Earlier this month, the newly acquired aircraft made its way from Eggemoen to Iceland. Through a well documented lease agreement, drafted in both parties interest by Larus Aviation’s CEO David Kelmanson who is Dragonfly’s Senior Financial Advisor, HeliAir Iceland will have the privilege of operating this remarkable helicopter for at least three years. Before the delivery to HeliAir Iceland, Østnes Helicopters dedicated Part 145 team at Eggemoen meticulously installed various enhancements, including an engine filter, floats, FM radio, and a radio altimeter. The aircraft has already started to fly, and will be offering captivating sightseeing tours across the breathtaking Icelandic landscapes. Equipped with forward-facing seats and a spacious cabin, passengers can now fully immerse themselves in the beauty of the aerial experience. The comfort layout of the H125 is perfectly suited to fulfill the needs of HeliAir Iceland. Photo: Jon Thor Thorleifsson We extend our heartfelt gratitude to HeliAir Iceland for placing their trust in Dragonfly and Østnes Helicopters and selecting our aircraft for their operations. We are confident that this partnership will lead to countless successful flight hours and unforgettable moments for both the crew and passengers alike.

Dragonfly Helicopters' ambition over the next five years is to grow their fleet to a considerable market share of the small-to-medium sized helicopter sector. As part of its expansion plans, Dragonfly, the leasing arm of the Østnes Helicopters Group, is delighted to announce the appointment of David Kelmanson, CEO of Larus Aviation Limited, as its Senior Financial Adviser. Larus Aviation Limited, based in the United Kingdom, provides highly cost-effective financial advisory and arrangement services to airline, financier, and manufacturer clients in the aviation industry. Furthermore, this commitment by Dragonfly is the next step in attracting future partnerships, in addition to the existing synergies created by the Østnes Group’s "One Stop Shop" capabilities, which encompass procurement, sales, trading, leasing, maintenance, spare parts, remarketing, and general asset management to the helicopter industry. According to Thomas Wellén, CEO of Dragonfly AS, “the current helicopter market offers a number of exciting growth opportunities. David’s 35+ years’ experience in the aviation sector, most notably in the structured finance arena, will bring added value to us in terms of our business development and asset financing initiatives and we are excited by his addition to our team.” Kelmanson, who will support Dragonfly in a consultancy capacity, has prior experience of the Nordic aviation market, having previously advised a number of Nordic airline clients, including Flyr, Icelandair and Norwegian Air Shuttle, in their fleet acquisition and financing programmes. “With a degree of stability returning to the asset financing markets post-pandemic, there are encouraging signs of increasing financier appetite for the aviation sector. I am delighted to be supporting Dragonfly in their strategic helicopter financing efforts at this exciting stage of their development and am looking forward to assuming this new advisory role,” adds Kelmanson. We would like to welcome David onboard!

We delivered Dragonfly Helicopters’ beautiful H125 to Greenland last month. Our Part 145 maintenance team at Eggemoen Airport has prepared the aircraft, and OY-HZN is now ready for new operations for Greenland Copter!

It is always thrilling to receive photographs of our customers' operations! Last week, we received these stunning photographs of OY-HZO in operation from one of Greenland Copter's pilots, Samuel Muller. The aircraft is operated by Greenland Copter on the east coast of Greenland, and the photographs capture some of the numerous operations the company has completed in the last few months. We cannot wait to follow Greenland Copter's projects over the next three years and see the amount of activity that takes place in this stunning scenery between 82 and 84 degrees north. Photograph: Samuel Muller The aircraft in the photographs is one of the two H125 (2020) model that has been leased from Dragonfly Helicopters and operated in Greenland since May 2022.

We are pleased to announce that Dragonfly Helicopters has purchased two new Airbus H125 helicopters. This expansion will give us the opportunity to be able to provide even more tailored and innovative lease solutions for our customers in the future. Furthermore, #Airlift has already entered into a three years leasing agreement for the two H125 helicopters beginning in June and July 2022. The aircrafts were delivered directly from Airbus' factory to our Part 145 at Eggemoen, where we installed some supplementary equipment such as a Donaldson filter and a Garmin GRA 55 Radar Altimeter at the request of the customer. We are grateful for our customer's trust and confidence, and wish Team Airlift many successful flight hours! In terms of the upcoming season, we have H125 Airbus Helicopters' available for delivery and leasing in Europe in quartiles 2 and 3. If you are seeking to renew or extend your fleet, we offer numerous options, including the ability to trade in an older aircraft or to configurate the aircraft after your exact specifications. Contact us for more information about the lease opportunities for next season.

Dragonfly has completed the purchase of an EC120 Colibri Helicopter and entered into an Operating Lease agreement with a Swedish operator for the Lease of this Helicopter. The Helicopter will be financed with external debt. Dragonfly, as a Nordic Helicopter Lessor, is focusing on expanding its helicopter leasing activities in the Nordics, and this is another important step towards our ambitions. We wish the new lessee many successful flight hours!