JANUARY 10TH, 2017

Elix Aviation Capital Limited announces Volker Fabian as new Chief Executive

DUBLIN, January 9, 2017 – Elix Aviation Capital Limited, the market-leading lessor of commercial turboprop aircraft, has announced that Volker Fabian will be joining as Chief Executive Officer from 1 March 2017. Mr. Fabian has over 20 years’ experience in the aviation finance industry and joins from BOC Aviation.

Elix co-founders Antonis Simigdalas and Emmanuel Carousos will be supporting the company’s next growth phase through their new mandates at the company’s board of directors. Mr. Simigdalas, currently Chief Executive Officer, will be appointed Chairman, whilst Deputy CEO and Chief Investment Officer Emmanuel Carousos has been promoted to the board of directors where he will serve as Executive Director with responsibility for strategy, risk, and finance.

Mr Fabian said: “I am delighted to be joining Elix as it moves into the next exciting phase of its development. I have been impressed by the visionary business model of the company and the entrepreneurial spirit of the team. I very much look forward to collaborating with the Elix team as well as our customers to further strengthen Elix’s position as a leading lessor in the turboprop market.”

Mr Simigdalas said: “Volker is a strong leader, and brings a wealth of experience from the leasing and aircraft-financemarkets. I look forward to working closely with him as Elix continues its journey towards further successes. I am also delighted that Emmanuel Carousos will join us on the board of directors where his insight and expertise will be of benefit to all of us.”

Elix Aviation Capital Limited is backed by funds managed and advised by Oaktree Capital Management, L.P. It was established in Dublin in 2013 and has grown to a fleet 78 aircraft. It is the leading lessor with a sole focus on commercial turboprop aircraft.