Press Release

Issued by Luxaviation Luxembourg.

December 14, 2014

Saudi Arabia-based NasJet and Luxaviation Group headquartered in Luxembourg have announced a strategic partnership targeting Europe, the Middle East, and Asia. The alliance will create the second largest fleet in the global private aviation industry, offering a combined fleet total of more than 150 business jets to customers on three different continents.

The strategic partnership is set to revolutionise the global private aviation industry, providing an enhanced network for optimised services and streamlining cross-continental travel for customers in Europe, the Middle East and Asia.

Saad Alazwari, ceo of NasJet, said: “With today's agreement, we set the foundation for a deeper cooperation with a solid operator in Europe. We are looking forward to further developing our partnership over the coming months and enhancing the services offered to our client base.”

Patrick Hansen, ceo of Luxaviation Group added: “We are particularly delighted to enter a partnership with a leading player like NasJet. The alliance will allow for a continuous optimisation of costs and enhance service quality for our existing and future customers.”

NasJet is the Middle East's leading private aviation operator and services provider, ranked among the top 10 operators in the world with an expanding fleet of 67 fixed-wing aircraft, including the largest Gulfstream fleet in the Middle East. Luxaviation counts amongst Europe's largest business aviation companies with a fleet of 90 aircraft.