JAUNT AIR MOBILITY SELECTS TRIUMPH AEROSPACE STRUCTURES TO PROVIDE ENGINEERING SERVICES ON eVTOL VEHICLE

BERWYN, Pa. – June 11, 2019 — Triumph Group, Inc. (NYSE:TGI) announced today at the Uber Elevate Summit in Washington, D.C. that its Triumph Aerospace Structures business unit has entered into a non-binding memorandum of understanding (MOU) with Jaunt Air Mobility to provide engineering services in support of Jaunt’s all electric Vertical Takeoff and Landing (eVTOL) concept air vehicle. Triumph will support Jaunt’s efforts to develop and build a full-scale demonstration aircraft based on Jaunt’s reduced rotor operating speed aircraft (ROSA™) in support of urban air mobility (UAM) operations.