Press Release

Issued by Phoenix Aviation.

March 11, 2013

Phoenix Aviation is proud to announce the addition of three Caravan 208s to its fleet to support ongoing growth and operational efficiencies. The additional aircraft would position Phoenix Aviation to take advantage of new market opportunities, particularly with the recent oil & gas discoveries in Kenya.

Steve Parkinson, director of special operations, says that "The peaceful elections which recently took place in Kenya make it a prime candidate for local and international investment and the outlook for aviation in Kenya is very positive right now. Through the purchase of these aircraft, we are ensuring that Phoenix Aviation is able to take advantage of these new opportunities as they arise and that we build on this strength to meet our strategic needs in the short to medium term".

The Cessna 208 Caravan is a single engine turboprop utility aircraft with fixed-gear that seats 12 passengers. Known as the "workhorse" of the Cessna family for its exceptional performance in and out of rugged airstrips, the Caravan is renowned for its reliability and durability.

The first aircraft, 5Y-CBG, is on line and the next two aircraft will be delivered by June of this year. The aircraft have undergone a major check at a Cessna service centre in Florida, which included new paint and interiors.