The LOI, dated 5 August 2026, marks a significant development in the Company's expansion strategy and is expected to strengthen its presence in India's growing aviation training ecosystem. The establishment of the FTO will be subject to the terms and conditions specified in the LOI, execution of requisite agreements and applicable approvals.

The Dholera FTO initiative adds a new growth opportunity to Flywings' existing aviation training capabilities and supports the Company's broader strategy of expanding its presence across India's aviation ecosystem.

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