Press Release

Issued by Indamer Aviation.

February 3, 2011

Indamer Company Pvt. Ltd a wholly owned subsidiary of European Aviation Holdings Company Pvt. Ltd., today inaugurated its renovated state-of-art-hangar at Santacruz Airport, Mumbai. The event was attended by the top officials from DGCA, MIAL and major players from the business aviation industry.

Speaking on this occasion, the DGCA representative said that "It is a pleasure to see Indamer building a hangar to the quality seen overseas. Good infrastructure would lead to quality maintenance work being carried out."

Mr. S.N. Jhadav, Director, European Aviation Holdings Company Pvt. Ltd, India, added " With developments like our Santacruz hangar being renovated for a global look, Indamer is all set to serve its customers better in the years to come."

Mr. Rajeev Gupta, Director and Group COO, European Aviation Holdings Company Pvt. Ltd. said: "This is yet another milestone adding to our successful existence in India for six decades. The Indamer brand symbolizes commitment and quality. In order to serve our clientele with enthusiasm and passion we are proud to inaugurate our renovated hangar facility. With support from DGCA and MIAL and with our team of experienced engineers and technicians we are sure that we will provide major maintenance to the business aviation operators and the Indian operators will not have to take their aircraft overseas, thus helping them keep the aircraft on ground time as least and reduce the costs."

On the occasion were present representatives from various business aviation operators like Celebinas, L&T, ESSAR, Reliance Commercial, ABG Group, Taj Air, Raymond, Sim Sam Airways, Government of Maharashtra and others. Representatives from OEMs like Bombardier, Dassault, Embraer etc. were also present on the occasion.

The general opinion was that building infrastructure for general aviation was a sorely needed requirement and it was welcomed that Indamer had stepped in to provide this basic need.

The level of interest and enthusiasm in the new look of the Indamer hangar was extremely thrilling.