X0202 SCHEDULE 13D/A 0001321269 XXXXXXXX LIVE 3 Class A Ordinary Shares 05/27/2026 false 0001930021 64550A107 New Horizon Aircraft Ltd.

3187 Highway 35 Lindsay A6 K9V 4R1

Dustin Shindo 206-923-9234 4348 Waialae Ave., #632 Honolulu HI 96816 0001321269 N Dustin Shindo OO N X1 2656000.00 0.00 2656000.00 0.00 2656000.00 N 4.1 IN (1) The figures in Rows 7, 9, and 11 include 120,000 Class A ordinary shares issuable upon the exercise of private placement warrants to purchase 120,000 Class A ordinary shares at an exercise price of $11.50 per share. (2) The percentage in Row 13 is calculated based on 64,478,397 Class A ordinary shares issued and outstanding. This figure is derived from (i) 45,263,348 shares disclosed in the Issuer's Form 10-Q filed on April 14, 2026, (ii) 9,254,889 shares issued in a subsequent offering, as disclosed in the Issuer's Form 8-K filed on May 11, 2026, and (iii) 9,960,160 shares (or share equivalents) issued in a subsequent offering, as disclosed in the Issuer's Form 8-K filed on May 27, 2026. Class A Ordinary Shares New Horizon Aircraft Ltd. 3187 Highway 35 Lindsay A6 K9V 4R1 Pursuant to Rule 13d-2 promulgated under the Securities Exchange Act of 1934, as amended, this Amendment No. 3 to Schedule 13D (this "Amendment") amends and supplements the Schedule 13D originally filed with the Securities and Exchange Commission (the "SEC") by Dustin Shindo and Mehana Capital LLC (each, a "Reporting Person") on January 22, 2024 (the "Original Schedule 13D"), Amendment No. 1 to Schedule 13D filed with the SEC by the Reporting Persons on September 25, 2024 ("Amendment No. 1"), and Amendment No. 2 to Schedule 13D filed with the SEC by the Reporting Persons on February 28, 2025 ("Amendment No. 2," together with the Original Schedule 13D and Amendment No. 1, the "Schedule 13D"), regarding the Class A Ordinary Shares of the Issuer. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D. Except as specifically provided herein, this Amendment does not modify any of the information previously reported in the Schedule 13D. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable. Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: The responses of the Reporting Person to rows 7, 8, 9, 10, 11 and 13 of the cover page of this Amendment are hereby incorporated by reference into this Item 5. See Item 5(a) above Except as disclosed below, the Reporting Person has not effected any transactions in the Issuer's Class A Ordinary Shares in the past 60 days. On May 22, 2026, Mr. Shindo sold 14,918 Class A Ordinary Shares on the Nasdaq Capital Market at a weighted average price of $3.19 per share. On May 22, 2026, Mr. Shindo sold 201,920 warrants to purchase Class A Ordinary Shares on the Nasdaq Capital Market at a weighted average price of $0.52 per warrant. On May 26, 2026, Mr. Shindo sold 243,455 warrants to purchase Class A Ordinary Shares on the Nasdaq Capital Market at a weighted average price of $0.49 per warrant. No person other than the Reporting Person is known to have the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of shares of the Class A Ordinary Shares. Based on the Reporting Person's review of the Issuer's Form 10-Q filed on April 14, 2026, the Issuer's Form 8-K filed on May 11, 2026, and the Issuer's Form 8-K filed on May 27, 2026, Dustin Shindo ceased to be the beneficial owner of more than five percent of the Issuer's Class A Ordinary Shares no later than May 26, 2026, due to increases in the outstanding Class A Ordinary Shares. Dustin Shindo /s/ Dustin Shindo 05/28/2026