Initial launch class 2024 with the Pico Youth & Family Center.

We had a successful launch of our Eco-Aviation Private Pilot Ground School program last night!

PYFC and the Eco-Aviation Foundation have developed a scholarship-based, private pilot ground school program intended to bring training and employment opportunities to underserved communities. Our focus is to empower underserved students and young adults that would like to explore careers in aviation and aerospace.

This first-of-its-kind scholarship program is based on the FAA Private Pilot Ground School curriculum, along with the new electric aircraft and eco airport technologies just now becoming commercially available. We are committed to developing an inclusive, diverse aviation workforce that can meet the urgent need in the airline industry for pilots, mechanics, technicians, line crew, engineers, quality control specialists and others, but will also be prepared to pivot with the industry to clean and quiet, sustainable aviation.

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September 24, 2024 – Pipistrel, a Textron Inc. (NYSE: TXT) company, today announced that the Eco-Aviation Foundation International, a nonprofit foundation dedicated to promoting clean and quiet aviation worldwide, has taken delivery of the first Velis Electro to be used for flight training purposes under a Federal Aviation Administration (FAA) airworthiness exemption. The purchase makes the Velis Electro the first FAA-exempt light sport electric aircraft at the Santa Monica Airport in California.

The Pipistrel Velis Electro is quiet, producing noise levels of only 60 decibels, low cost and user- friendly, making it an ideal solution for flight training with zero carbon emissions. The Foundation is expecting the arrival of its second Velis Electro in November.

In addition to facilitating the purchase of the Velis Electro, the Eco-Aviation Foundation is launching an Eco Flight Ground School, as well as an associated scholarship initiative in collaboration with local youth-focused community centers. These scholarships will fully fund Private Pilot ground school courses, including the complete FAA-approved curriculum and training on electric aircraft technologies. Additionally, scholarship recipients will have the cost of their FAA written test at a local testing center covered.

The Velis Electro aligns with the Foundation’s mission to promote electric aviation and to provide eco-friendly flight training, with a focus on young adults in underserved communities. The Eco Flight Ground School scholarships, in partnership with community youth organizations, open up a wide array of career opportunities in aviation and aerospace for students.

“This aircraft is not just a symbol of innovation and the future of clean aviation, but a functional tool to empower the next generation of aviation professionals,” said Scott Burgess, President of Eco-Aviation Foundation International. “While we’re proud to launch these efforts in Santa Monica, we anticipate that flight schools everywhere will embrace this opportunity to engage in similar efforts. The Foundation plans to help facilitate many of these initiatives.”

In addition to the Eco Flight Ground School and flight training, “discovery flights” in the Velis Electro will provide hands-on, educational experiences for students and others in the community. These flights are designed to inspire and educate community members about the possibilities within the aviation sector, particularly those who may not have previously considered it as a viable career path.

“We are proud to see the Pipistrel Velis Electro being used to train students, preparing them for the future of aviation,” said Tricia Steel, Vice President of Global Sales and Marketing for Textron eAviation Inc. “This Eco-Aviation Foundation International’s initiative not only equips future aviators with experience on next-generation power systems, but also plays a crucial role in creating cleaner and quieter communities. This purchase underscores another step forward in the continued adoption of sustainable solutions worldwide.”

Earlier this year, the FAA granted a light-sport aircraft (LSA) airworthiness exemption for the Pipistrel Velis Electro, enabling flight training in an electric aircraft within the United States.

For more information, visit: www.pipistrel-aircraft.com.

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About Pipistrel

For interviews, images or further information, please contact:

Rachel Douglass rdouglass@e-aviation.com 316.285.3141

In 2020, Pipistrel’s Velis Electro became the world’s first, and currently only, electric aircraft to receive full type-certification from the European Union Aviation Safety Agency (EASA), and most recently received a light-sport aircraft airworthiness exemption from the Federal Aviation Administration (FAA). This achievement followed a series of electric aircraft introductions since the company began research and development of electric propulsion in 2000. Pipistrel’s pioneering work has been recognized through awards from NASA, IDC, and other

organizations. The company, which offers a family of gliders and light aircraft with both electric and combustion engines, has delivered more than 2,500 light aircraft worldwide since its founding in 1989 and additionally has both hybrid and electric propulsion models under development. Pipistrel is part of the Textron eAviation segment of Textron Inc. For more information, visit: www.pipistrel-aircraft.com.

About Textron Inc.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. For more information, visit: www.textron.com.

About Eco-Aviation Foundation International

The Eco-Aviation Foundation International is a 501(c)(3) nonprofit organization dedicated to promoting all aspects of clean and quiet aviation, including electric aircraft, sustainable airports, educational opportunities and careers in aviation and aerospace. The Foundation promotes a future of community-friendly, clean and quiet urban airports, as well as sustainable aircraft that will revolutionize how we travel. The Foundation is based in Santa Monica, California, and its scope is worldwide. For more information, visit: www.eco-aviation.org.

Forward Looking Information Statement

Certain statements in this press release may project revenues or describe strategies, goals, outlook or other non-historical matters; these forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update them. These

statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward- looking statements, including, but not limited to, changes in aircraft delivery schedules or cancellation or deferral.

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