ZeroAvia Bolsters Executive Team With Aviation and Energy Veterans to Power Next Phase of Growth

Co-Founder and former Head of Strategy of the UK's Aerospace Technology Institute James McMicking joins as new VP Strategy

Shell's Former Global Hydrogen Technology Director Arnab Chatterjee named VP Infrastructure

35-year Boeing veteran and former Chief Engineer of Propulsion Jim Petersen joins advisory board

Hires follow the announcement of 460 order options from partners such as Alaska Airlines,United Airlines,and many others; funding reaches $115m

OEM partnershipsrepresent a total 7,000 engine opportunity for ZeroAvia

KEMBLE,UK and HOLLISTER,Calif.,Dec. 21,2021 --ZeroAvia,the leader in hydrogen-electric,zero-emission aviation,has added two new senior hires,and a new member to its advisory board,as it prepares to ramp up growth over the next 12 months.

James McMicking joins as ZeroAvia's first Vice President of Strategy from theAerospace Technology Institute (ATI) - the body in charge of developing the technology strategy for the UK aerospace sector. As one of the original executives to set up the ATI,McMicking held several positions throughout the business over seven years,including its Head of Strategy and Operations.

"Through my work,in recent years I have seen first hand the rapid progression of zero-emission technologies for flight,so it is exhilarating to be joining a company that I believe is taking the right approach and is on the path to certification and market adoption in the very near future," said James McMicking. "True zero-emission technology will reduce aviation's climate impact,improve air quality around airports and enable better regional connectivity in the future."

A mechanical engineer by training,McMicking brings experience covering advanced R&D,business and innovation strategy,and transformation. At the ATI,McMicking worked extensively with organisations throughout the aerospace tech sector and UK Government to support world-class research and development,navigate complex strategic challenges and catalyse innovation.

At ZeroAvia,McMicking is now responsible for building a strategic roadmap for the business,both from a commercial and technical point of view to reach its 2024 target,working in collaboration with CEO Val Miftakhov and the rest of the executive team.

Meanwhile,Arnab Chatterjee also joins the business as Vice President of Infrastructure. Prior to ZeroAvia,Chatterjee spent almost a decade at Shell working on low carbon fuel,digital,e-mobility,and renewable energy solutions in a range of technical,commercial and strategy roles. Most recently,he has been driving Shell's efforts in hydrogen at a global scale. Chatterjee has a background in chemical product development,venture investments and corporate development. He has a PhD in electrochemistry from the University of Oxford.

At ZeroAvia,Chatterjee will be responsible for working with aviation and energy industry partners to deliver the hydrogen production and refuelling infrastructure required to support the adoption of hydrogen-electric propulsion.

Commenting on his new role,Arnab Chatterjee said: "Seeing ZeroAvia's aircraft in the sky for the first time last year was a real lightning bolt moment,and I have followed the R&D progress closely. With a 19-seat aircraft close to flight testing and commercialisation a little over two years away,ground infrastructure requires equal focus to ensure our success in transforming the future of flight. It is an exciting challenge ahead."

In addition,joining ZeroAvia's advisory board is Jim Peterson. An expert in propulsion integration,Peterson bringsover 35 years of experience from his time at Boeing where he was Chief Engineer of Propulsion,responsible for integrating engines into various Boeing airframes.

"We're delighted to have these three remarkable leaders on our team," commented Val Miftakhov,CEO,ZeroAvia. "Adding strong strategic firepower to the business,as well as industry-leading expertise to continue our rapid R&D advancement,will help us to take things to a new level in 2022."

The executive and advisory board additions bookend an enormously successful year for ZeroAvia. Beyond being named one of the world's most innovative companies by Fast Company and a Technology Pioneer by the World Economic Forum,the company made significant strides on its R&D. It completed 35 test flights of its six-seat prototype,part of the UK Government-backed HyFlyer I project.

The company also ramped up work on the HyFlyer II project,focused on delivering its commercial entry product,a 600 kW hydrogen-electric powertrain for 10-20 seat aircraft. In September,ZeroAvia welcomed its Dornier 228 testbed aircraft to its new base at Cotswold Airport,immediately beginning work to install its powertrain technology,and the team is already well advanced in preparation for flight testing early next year.

ZeroAvia raised over $70 million in 2021,taking the total to $115 million,with the most recent round of $35 million announced in December. The company also increased its headcount to nearly 100 employees globally.

ZeroAvia also announced several highly significant commercial deals throughout the year's final quarter,amounting to more than 460 commitments for hydrogen-electric engines and several important joint development programmes. In the second half of the year,ZeroAvia also cemented a number of deals,including an intention to develop one of the world's first commercial zero-emission routes from London to Rotterdam the Hague Airport,investment and purchase options from airlines such as Alaska Airlinesand United Airlines,and partnerships with a variety of aviation players such as De Havilland of Canada,Rose Cay,Hindustan Aeronautics Limited,ASL Aviation Holdings,and Mitsubishi Heavy Industries Regional Jet division. The total number of engines (excluding spares) for in service or stored aircraft produced by the OEMs that ZeroAvia has signed deals with stands at over 7,000,showing the scale of the opportunity.

"This commercial traction alongside the technical progress has been a massive boost for the company," Miftakhov continued. "It demonstrates how receptive the market is for both our ZA600 and ZA2000 powertrains,as well as illustrates that hydrogen-electric is the only meaningful solution for zero-emission aviation."

About ZeroAvia

ZeroAvia is a leader in zero-emission aviation,focused on hydrogen-electric aviation solutions to address a variety of markets,initially targeting 500-mile range in 10-20 and 40-90 seat aircraft used for commercial passenger transport,cargo,agriculture,and more. Based in the UK and USA,ZeroAvia has already secured experimental certificates for two prototype aircraft from the CAA and FAA,passed significant flight test milestones,and is on track for initial commercial operations of its technology in 2024. The company's expanding UK operations are supported by grants from UK's Aerospace Technology Institute and Innovate UK,and ZeroAvia is part of the UK Prime Minister's Jet Zero Council. For more,please visit ZeroAvia.com,follow @ZeroAvia on Twitter,Instagram,andLinkedIn.