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Luxaviation Switzerland

Press Release

Issued by Luxaviation Switzerland.

May 19, 2008

ExecuJet around the Globe - New offices announced in Moscow, Mumbai and Beijing

Switzerland's global business aviation sales and services provider, ExecuJet Aviation Group, is continuing its worldwide expansion with the announcement that it will open new bases in Asia and Europe. The news was confirmed by Gerrit Basson, Group Managing Director.

Asian Expansion

In the first of a number of messages concerning expansion across the Asian Continent, ExecuJet announced their exciting entry into India. As the first step, they have opened a representative office in Mumbai, adjacent to the international airport. Activity from this office will initially centre around the introduction of their SimplyFly jet ownership solution, and sales of their full range of business aircraft, including the Bombardier product range and the Grob sp_ light jet

"We clearly recognize the growing requirements from business jet owners in India for professional business jet services" says Gerrit Basson, ExecuJet will expand its initial sales office to establish a local aircraft management division, a charter office and a full maintenance facility from where we can best support the increased business jet fleet in India.

In a related announcement about expansion across Asia, ExecuJet also confirmed they will this week open a sales office in Beijing. They expect that their full range of business jet solutions backed by their support offerings will be ideal for Chinese owners who want to easily get into jet ownership.

ExecuJet's move into Beijing and Mumbai mirrors the heightened expansion in business aviation in Asia and we are delighted to have ratified agreements so swiftly to be able to announce our plans so soon after declaring our interest in the region," said Gerrit Basson. "There are 300 business jets operating in Asia Pacific so far and the majority are privately owned so there is plenty of opportunity for an experienced organisation like ExecuJet to further bolster the number of jets flying in the region, as well as offering unrivalled ground support experience" he said. With the region expected to account for 15% of global deliveries over the next five years, compared with 4% in 2007 (according to Honeywell Aerospace's latest report). "China especially is just starting to expand with wide bodied, long haul business jets so ExecuJet's move into Beijing is especially well timed," he added.

ExecuJet's Asian expansion complements its opening of hangar facilities and local maintenance support capability at Singapore Seletar Airport in February this year.

European Expansion

On March 18th ExecuJet Aviation Group announced that it is establishing a new base in the UK – an operations centre and executive lounge at London City Airport and a UK headquarters at Canada Square, Canary Wharf, in the heart of London's financial district. The move coincided with the addition of a UK Air Operator's Certificate, which was ratified by the UK Civil Aviation Authority in February this year.

Further European expansion has been seen with the opening of a representative office in Moscow, Russia. Two sales representatives have been appointed in downtown Moscow to head up ExecuJet's new office to support a booming market where three to four business jets are being delivered each month. Moscow activity will centre around sales of the sp_ light jet and the Aerion Supersonic Business Jet where the company has received strong interest since highlighting the program late last year.

ExecuJet Europe Managing Director Peter Hartmann, who is leading ExecuJet's European expansion said the opening of an office in Moscow "underlines our dedication to an already long lasting and strong relationship with Russia's business aviation world – a rapidly growing market which we feel deserves a permanent presence."