Item 1.01 Entry into a Material Definitive Agreement.

On February 10, 2023, Air Wisconsin Airlines LLC ("Air Wisconsin"), an indirect wholly owned subsidiary of Harbor Diversified, Inc. (the "Company"), entered into an amendment (the "Amendment") to the capacity purchase agreement ("United capacity purchase agreement") with United Airlines, Inc. ("United"). In accordance with the United capacity purchase agreement, Air Wisconsin had given notice to United of the termination of the United capacity purchase agreement, which notice was effective December 19, 2022. The Amendment provides, among other things:



     •    a wind-down schedule that provides for the withdrawal of a fixed number
          of Air Wisconsin aircraft from the United capacity purchase agreement
          each month and the withdrawal of all aircraft by June 2, 2023 (the "Final
          Withdrawal Date");



     •    a maximum number of block hours that United can schedule Air Wisconsin to
          fly under the United capacity purchase agreement through the Final
          Withdrawal Date; and



     •    a maximum number of block hours that American Airlines, Inc. ("American")
          can schedule Air Wisconsin to fly through the Final Withdrawal Date under
          the capacity purchase agreement entered into with American as of
          August 19, 2022.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, a redacted copy of which will be filed as an exhibit to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022.

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