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Volatus Aerospace Chairman Joins The Hague Court of Arbitration for Aviation

July 7, 2022

--News Direct--

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is proud to announce that Ian McDougall, Chairman of the Volatus Aerospace Board of Directors, has accepted the invitation of The Hague Court of Arbitration to join their Aviation Advisory Board.

Located in The Hague, Netherlands and administered by the Netherlands Arbitration Institute, THE HAGUE COURT OF ARBITRATION FOR AVIATION is a non-profit and modern specialized court of arbitration and centre for mediation for the global aviation industry. Its mandate is to provide practical and flexible arbitration and mediation solutions in accordance with international best practices, tailored to the needs of the commercial and private aviation sectors and focused on ensuring enforceability in over 160 countries pursuant to the New York Convention.

“Ian will contribute deep aviation expertise and market awareness in both traditional aviation and the rapidly emerging drone sector,” said Glen Lynch, CEO of Volatus Aerospace. “We’re proud of his involvement in this important and prestigious legal initiative.”

“It’s an honour to be invited to participate on the Aviation Advisory Board for The Hague Court of Arbitration,” said Ian McDougall. “I look forward to the important work ahead.”

About Volatus Aerospace:

Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, Latin America and most recently in Europe. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement

This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the business plans and expectations of the Corporation; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects the Corporation’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Source: Volatus Aerospace Corp.

TSXV: VOL

Contact Details

Rob Walker

+1 514-447-7986

rob.walker@volatusaerospace.com

Company Website

https://volatusaerospace.com

View source version on newsdirect.com: https://newsdirect.com/news/volatus-aerospace-chairman-joins-the-hague-court-of-arbitration-for-aviation-189220111

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