A New Era NEO MAX A220

New Narrow-body Aircraft A321neoLR Japan Seoul Beijing Harbin Shenyang B737Max All of Japan A220 Northern China Russian Far East

Projected B797 Range from ANC Boeing NMA/797 Rumored range 4,500nm to 5,000nm Puts most large Asian and European cities in range of ANC with narrow-body economics All of North America is in range Strong ability to implement Icelandair model Projected B797 Range from ANC 4,000nm 4,500nm 8,000nm

Older Widebodies A330 B767 SZX-ANC, TNA-ANC

Asia-North America-Latin America Global Connection

Forecast Global Passenger Growth No New West Coast Runways at LAX SFO SEA Passenger traffic forecast to double in 15 years

Airports in Latin America 8,000 NM Range from PVG Airports in Latin America Mexico City 44M +7.25% San Paulo 37M +3.2% Bogota 30M 0% Cancun 23M +10.2% Santiago 22M +11.6% Lima 22M +14% 6,000 NM Range from BOG 8,361 ft. ASL Map Source: Great Circle Mapper

787-9 787-8 787-10 787 Range Capability from Anchorage Full Passenger Payload Addis Ababa Dubai 787-9 254,000-kg (560,000-lb) MTOW 290 two-class passengers Mumbai Casablanca Frankfurt Singapore 787-8 227,950-kg (502,500-lb) MTOW 242 two-class passengers Hong Kong Sao Paulo ANCHORAGE Quito 787-10 254,000-kg (560,000-lb) MTOW 330 two-class passengers Perth Buenos Aires Santiago Sydney Auckland Standard Rules Airways and traffic allowances included 85% annual winds

The 6-9 Hour Fuel Magic Spot Map Source: Great Circle Mapper Two 8-hour flight legs are 20% more fuel efficient than one 16-hour flight Two 8-hour flight legs let you carry a full load of belly cargo

Better Fuel Efficiency Fifth Freedom Tickets MEX-ANC-PVG verse TIJ stop Saves Time 10 minutes Saves Fuel 4,672kg/10,300lbs Increases Cargo 3,039kg/6,700lbs PVG-ANC-MEX verses TIJ stop Saves Time 17 minutes Saves Fuel 4,898kg/10,800lbs Increases Cargo 9,207kg/20,300lbs MEX-ANC-CAN verses YVR stop Saves Fuel 5,700lbs Fuel Savings Example: 10,300lbs @ 6.7lbs per gallon=1,573 gals. saved @ $2.00 per gallon =$3,074 saved 3 times a week X156=$479,544 Daily Flight X 365=$1,122,238 Source: Boeing B787-9 data