Press Release

Issued by New Jet International.

April 16, 2012

New Jet International, exclusive sales representative for Bombardier Business Aircraft for Italy, Monaco, Spain, Portugal and Switzerland and Sikorsky's commercial helicopter line in Italy and Monaco, has recently opened a new sales office in Madrid.

In line with the company's development and expansion strategy, this new Spanish base is located near the Barajas International Airport, the largest and most important airport of Spain, primary Central and South American flight link to and from Europe.

The event is an important step forward for New Jet's development project that will enable to establish and entrench the presence of the company in a territory where New Jet International is the exclusive sales representative for Bombardier Business Aircraft's Learjet, Challenger and Global products.

To increase its sale force into this new area, New Jet International hired a new qualified and dynamic aviation Sales Director, Frank Davidson, former NetJets Country Manager, to manage the development and promotion of New Jet and Bombardier brands providing all necessary support for all new and existing Bombardier customers. Davidson will also be active on the pre-owned market, another aspect of New Jet's activities.

"Even though the economies in Spain and Portugal are going through difficult times business aviation is still being actively used, especially by companies with international commercial interests or in the process of internationalizing their sales strategy", says Davidson, "Many large companies are successfully going out of Spain and Portugal to diversify their revenue stream and increase sales, and this is where business aviation is helping busy CEO´s and their executive teams be as efficient and productive as possible with their time".

In his former position, Davidson managed the full range of sales and business development activities within Spain and Portugal. Because of his wide experience and knowledge of these two countries, he is a valued addition to New Jet's staff, who is glad to welcome him into the team.

"I am excited to take on this role to continue growing the number of Bombardier aircraft in this territory and to assist current owners with any requirements they might have", says Davidson, who will be active on the business development and the promotion of New Jet and Bombardier brand.