Press Release

Issued by Capital AviaNeft.

April 13, 2016

Capital AviaNeft company, specializing in specializing in door-to-door business aviation flight support, has signed direct agreements for fuel supply in the largest airports of Kazakhstan; Astana and Almaty. As part of a large-scale program of strategic development, the Russian company took part in the creation of a new enterprise on the Kazakhstan market,; Fuel For You KZ, which will be an alternative fuel and handling services supplier. In the short term perspective, similar representative offices will be opened in other airports of the country, such as Shymkent and Karaganda.

"Kazakhstan is one of the most promising markets for business aviation in the post-Soviet space. A growing industrial economy, and strong raw material and energy sectors create optimal conditions for the further growth of business aviation, which cannot be imagined without high-class ground handling of aircraft and passengers," said Givi Tkemaladze, CEO of Capital AviaNeft.

Contract relationships include supply, storage and refueling business jets, commercial and cargo aircraft with own high-quality fuel. Astana and Almaty airports will receive up to 600 tons of fuel into their tanks monthly. This volume of aviation kerosene is enough to refuel 75 mid-range business jets, such as the Bombardier Challenger 605. In addition, to provide complex business aviation flight support Fuel For You KZ company will offer handling services, including the formation of the entire preflight documentation, VIP service for the passengers and crew support. In order to establish operational and quality work "in the field", the new company will open 15 new jobs for niche specialists of Kazakhstan.

As in Russia, Kazakhstan will start operating its own loan facility and a unique loyalty program Capital Bonus. It gives customers the ability to postpone the payment for up to 30 days on all types of ground handling, including aircraft refueling.

The experts highly appreciate the development potential of the Kazakhstan business aviation market. According to Capital AviaNeft, in 2015 two airports of Astana and Almaty alone served almost 7,000 business jets. By 2018 this figure is expected to reach 9,100 flights. Analysts of the company say that the structure of the business jet fleet flying on behalf of Kazakhstan owners is close to the Russian fleet; 40.9% of aircraft are classified as mid-size jets, 36.4% as heavy jets and liners, and 22.7% as light jets.