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Palm Aviation

Fuel/Lubricants

Press Release

Issued by Palm Aviation.

January 14, 2013

Palm Aviation FZCO signs aviation fuel agreement with Naftal Algeria

Palm Aviation FZCO, the leading global flight support solutions provider, has signed an aviation fuel agreement with Algerian national owned Naftal.

Mohammad Saideh chief commercial officer of Palm Aviation FZCO and directeur de la branche carburants of Naftal Mr. B. Harchaoui signed the agreement in Algeria, Naftal Headquarters.

Naftal as the national aviation fuel supplier will be supplying fuel to Palm Aviation global clients at competitive rates; equally, Palm Aviation will assist Naftal in marketing their aviation products and territory through Palm Aviation participation in EBACE & NBAA, and directly to all Palm Aviation clients.

Commenting on this agreement, Mr. B. Harchaoui of Naftal said: "We look forward to join efforts with Palm Aviation, as it is a company that has clear and ambitious plans".

Mohammad Saideh of Palm Aviation added: As we have been recognized by end-users as the number one provider servicing worldwide clients throughout Africa, we are certain that more clients will be using the huge land of Algeria as a technical stop for fuel uplifts, the fuel price is more competitive than the neighboring countries, and the Naftal commitment to ensure the highest quality service to clients, makes the added value.