Skyridge Aviation — Implementation Roadmap

The phased implementation roadmap, with key milestones from financial close and certification through fleet mobilisation to commercial launch and scale-up.

Skyridge Aviation Business PlanSection 12 › Implementation Roadmap

Section 12 · Business Plan

Implementation Roadmap

The phased implementation roadmap, with key milestones from financial close and certification through fleet mobilisation to commercial launch and scale-up.

Skyridge’s launch and scale-up is sequenced across five phases over
sixty months, with each phase gated on the completion of its
predecessor’s critical-path items. The roadmap aligns certification,
fleet, base and commercial milestones with the funding draws and revenue
recognition in the financial model.

12.1 Phased Plan

The implementation timeline below maps the principal workstreams —
certification and licensing, fleet acquisition, base build-out,
commercial launch and regional expansion — against the project calendar,
with key milestones marked from financial close (M0) to the end of Year
5 (M60).

Figure 11.
Figure 11. Implementation roadmap and milestone schedule (months from financial close).

12.2 Milestones by Phase

Phase Window Key milestones
1. Mobilise & certify M0–M9 Financial close; AOC application; post-holders appointed; manuals; first aircraft deposits
2. Launch operations M9–M18 AOC granted; first 3 owned aircraft in service; Lanseria & JNB bases live; first contracts
3. Establish & deepen M18–M30 Cape Town base; in-house MRO; first managed mandates; aeromedical capability
4. Regional expansion M30–M48 Livingstone & Lusaka bases; mining-crew contracts; fleet to 12; cross-border permits
5. Scale & optimise M48–M60 Fleet to 15; margin optimisation; exit-readiness; audited track record

Table 17. Implementation phases, windows and
milestones.

12.3 Critical Path & Dependencies

The critical path runs through certification: revenue cannot be
recognised until the AOC is granted, so the certification programme is
resourced and started immediately at financial close. Fleet acquisition
is sequenced so that aircraft enter service as the AOC and route
authorisations permit, and base build-out follows demand. Each
subsequent fleet tranche and base opening is gated on the prior phase’s
utilisation and contract pipeline, allowing the Company to pause or
accelerate without compromising solvency or safety.

Funding aligned to milestones

Capital is deployed against milestones, not calendar dates. The
equity raise funds certification, launch infrastructure and the first
fleet tranche; senior-debt tranches are drawn as each subsequent
aircraft is financed; and expansion into the Zambian and Copperbelt
corridors is contingent on contracted demand. This milestone-gated
approach protects investors against funding growth ahead of proven
traction.

Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of Skyridge Aviation (Pty) Ltd.