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Business Air News Bulletin
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Luxaviation Switzerland

Press Release

Issued by Luxaviation Switzerland.

July 14, 2008

ExecuJet reports a boom in pre-owned business aircraft

ExecuJet Aviation Group is experiencing so much demand for pre-owned aircraft that it has created a dedicated division with sales representatives in Europe, South Africa, the Middle East and very shortly, the USA. Under the continuing worldwide team leadership of Andrew Hoy, Nicholas McHaffey takes the management responsibility as newly appointed Head of Global Pre-Owned Sales, having served for three years as Sales Director for ExecuJet Middle East.

Pre-owned demand is being led primarily by the Middle East which is growing by 20% each year and also in India, and China, where ExecuJet recently opened offices in Mumbai and Beijing.

Last year, the Middle East market accounted for $300 million of pre-owned aircraft sales, comprising over a dozen transactions and representing nearly 50% of ExecuJet’s total transactions during 2007. “On the back of these transactions ExecuJet Middle East has gained seven new aircraft under management, which have since joined the fleet,” says Nicholas McHaffey.  Currently, ExecuJet Middle East is receiving one new enquiry every week with demand largely focused on wide-bodied cabin aircraft.