This Validation Report (VALR) for the V2 phase is part of a project that has received funding from the SESAR Joint Undertaking under grant agreement No 731864 under European Union’s Horizon 2020 research and innovation programme.\r\nThis Validation Report aims at describing how the Solution PJ.01-03B is expected to reach V2 ongoing maturity level at the end of Wave 1 through the execution of different validation exercises. Therefore, this document contains both an overview of the context of the validation at Solution PJ.01-03B level in terms of R&D needs, validation targets, stakeholders’ expectations, objectives and specific details related to each planned validation activities. This document integrates individual validation reports, described in more detail inside the appendices, for the following exercises by detailing how each of them contribute to the achievement of the Target Maturity Level at Solution PJ.01-03B level: \r\n1) EXE. 01-03B.010 V2 Trials planned by DSNA/AIRBUS/Thales \r\n2) EXE. 01-03B.020 V2 Fast Time Simulation planned by ACG(COOPANS)/ENAIRE \r\n