This quarterly report on Form 10-Q includes "forward-looking statements" as defined by the Securities and Exchange Commission. These statements may involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involve assumptions and describe future plans, strategies and expectations, are generally identifiable by use of the words "may," "will," "could", "should," "expect," "anticipate," "estimate," "believe," "intend" or "project" or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements are based on assumptions that may be incorrect. Actual results could differ materially from those expressed or implied by the forward-looking statements as a result of various factors. The company undertakes no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.

The following discussion should be read in conjunction with the accompanying unaudited condensed financial statements for the six months ended December 31, 2021 and the Form 10-K for the fiscal year ended June 30, 2021.





OVERVIEW

The Company's inflight connectivity technology is targeted at two distinct markets. BizjetMobile and CrewX are designed for business jets and has been sold in North America, Europe and the Middle East. The Company's fflya system is designed for, and marketed to, low-cost airlines in Europe and Asia.

As previously advised, the Company's arrangements with BizjetMobile are being re-negotiated, and as a result, no revenue has been taken up in the current financial year.

The Company has continued investing in the development and marketing of the airline versions of its fflya and CrewX technology. As a result, the Company has recently been working with Wizz Air and has completed passenger trials as planned, on an A321. The Company is now in commercial negotiations with Wizz Air.

Implementation of the Company's fflya program was delayed due to the impact of Covid19, which has necessitated renegotiation of outstanding loans and debts, as well as raising additional funding.





RESULTS OF OPERATIONS

THREE MONTHS ENDED DECEMBER 31, 2021 COMPARED TO THREE MONTHS ENDED DECEMBER 31, 2020

In the three months period ended December 31, 2021, the Company recorded revenue of $0, compared to revenue of $20,786 in the corresponding three-month period ended December 31, 2020, as there were no system sales due to the impending release of the new Iridium Certus mid band internet solution, which will form the basis of an enhanced BizjetMobile service.

The Company incurred operating costs of $494,678 in the three months ended December 31, 2021 and $147,526 in the three months ended December 31, 2020. Main components are engineering and marketing expenses and directors fees for two years. In the three months ended December 31, 2021, the Company recorded an operating loss of $ 494,678 compared to an Operating Loss of $126,740 in the three months ended December 31, 2020.

The development and marketing costs have been funded in part through interest bearing convertible notes. As a result, the Company's Other Expenses, included interest and capital raising costs of $245,153 in the three months ended December 31, 2021, compared to interest cost of $41,790 in the three months ended December 31, 2020. This resulted in Net Losses of $739,831 and $168,530 in the three months ended December 31, 2021 and 2020 respectively.


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SIX MONTHS ENDED DECEMBER 31, 2021 COMPARED TO SIX MONTHS ENDED DECEMBER 31, 2020

In the six month period ended December 31, 2021, the Company recorded revenue of $0, compared to revenue of $36,818 in the corresponding six month period ended December 31, 2020, as there were no system sales due to the impending release of the new Iridium Certus mid band internet solution, which will form the basis of an enhanced BizjetMobile service.

The Company incurred operating costs of $697,985 in the six months ended December 31, 2021 and $431,857 in the six months ended December 31, 2020. Main components are engineering and marketing expenses expenses and directors fees for two years. In the six months ended December 31, 2021, the Company recorded an operating loss of $ 697,985 compared to an Operating Loss of $ 395,039 in the six months ended December 31, 2020.

The development and marketing costs have been funded in part through interest bearing convertible notes. As a result, the Company's Other Expenses, included interest and capital raising costs of $332,173 and $83,652 in the six months ended December 31, 2021 and 2020 respectively. This resulted in Net Losses of $1,030,158 and $478,691 in the six months ended December 31, 2021 and 2020 respectively.

LIQUIDITY AND CAPITAL RESOURCES

The Company's primary sources of liquidity are cash received from issue of common stock and accounts payable for expenses incurred with related parties. Without the continuation of these sources of funding, as stated in Note 2 above, the Company's ability to continue as a going concern is in substantial doubt. This will continue until the company is able to generate sufficient cash flow from its operations.

The cash and cash equivalents balance was $350,570 at December 31, 2021 and $157,601 at June 30, 2021.

The Company reported revenue of $0 in the six months ended December 31, 2021 compared to $36,818 in the six month period ended December 31, 2020. The Company incurred a loss of $ 697,985 from operating activities for the six months to December 31, 2021, compared to a loss of $395,039 from operating activities for the six months to December 31, 2020. Net cash used in operating activities for the six months ended December 31, 2021 was $808,746 compared to $221,535 during the six months ended December 31, 2020. Operating cash requirement in the six months ended December 31, 2021 increased mainly through higher marketing, engineering and technical support costs.

The cash flow of the Company from financing activities for the six months ended December 31, 2021 was $1,001,715 as a result of funds received for common stock and increased loans. In the six months ended December 31, 2020, the cash flow from financing activities was $223,808 mainly from funds received pending issue of common stock.

The Company may raise additional capital by the sale of its equity securities, through an offering of debt securities, or from borrowing from a financial institution or other funding sources. The Company does not have a policy on the amount of borrowing or debt that the Company can incur. There are no guarantees on the company's ability to raise additional capital and hence its ability to continue as a going concern.

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