Dear Valued Partner,

I am pleased to share with you some exciting news about our company: today we announced that MNG Airlines has entered into a definitive agreement to become publicly traded in the U.S. via a business combination with Golden Falcon Acquisition Corp. (“Golden Falcon”) (NYSE: GFX.U), a special purpose acquisition company (“SPAC”). The transaction is expected to close in the first half of 2023 subject to the satisfaction or waiver of customary closing conditions. Once public in the U.S., MNG Airlines will be listed on the New York Stock Exchange (the “NYSE”) under the new ticker symbol “MNGA”. As a public company, we will gain increased financial flexibility, and become even more strongly positioned to unlock new growth avenues and maximize value creation. Ultimately, we look forward to deploying our increased capital to become even stronger partners to you.

The full press release announcing the transaction is included below and can also be seen here.

While our company’s ownership structure will change upon closing of the transaction, please know there will be no changes to the team or how we do business. The company will continue to operate as “MNG Airlines” and under my direction as Chief Executive Officer, with the support of our experienced management team.

As we enter this exciting new phase of our growth, we are focused on continuing to provide you with the same great service and experience we’ve delivered since founding MNG Airlines almost 30 years ago. None of this would have been possible without the support of our loyal partners and customers and the hard work and dedication of our world-class employees.

Thank you for being a part of our growth story. We look forward to sharing this exciting new chapter with you. Please don’t hesitate to reach out with any questions.

Ali Sedat Ozkazanc