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Luxaviation Switzerland

Press Release

Issued by Luxaviation Switzerland.

July 12, 2007

Peter Hartmann unveils "ExecuJet Aviation Centre" at Zurich International

In the first of a number of business reorientation initiatives following the announcement in May that Irish entrepreneur Dermot Desmond was taking a majority shareholding in the Swiss headquartered global business aviation sales and services company ExecuJet Aviation Group, the company today announced the appointment of Peter Hartmann as Managing Director of the company's European aviation services arm, ExecuJet Europe. Hartmann will be based at the organisation's European and global headquarters in Zurich and his appointment takes immediate effect.

Hartmann will lead a 160-strong team of Europe-based business aviation operations and maintenance professionals based principally at ExecuJet Europe regional facilities in Zurich, Berlin and Copenhagen. ExecuJet is one of Europe's largest business aircraft operators, maintaining three European Air Operators Certificates (AOC) and providing aircraft management, charter, maintenance handling and general FBO services. ExecuJet Europe manages a fleet of 50 business aircraft from its Zurich-based 24/365 dispatch centre.

Born in 1952 in Germany, Hartmann started his aviation career aged 20 with the German Air Force as a fighter pilot flying the F104 Starfighter for almost 12 years. Relocating to Switzerland he began his career in business aviation in Zurich, working with established local operators in a number of key operational positions before joining Avcon in the early 90's. Hartmann became a member of ExecuJet when the company blended Avcon into its global business brand in 2001. For the past two years he has served as General Manager – ExecuJet Switzerland, at the same time actively contributing to the management and strategic development of the company's flight operations and management business in Europe as an active member on ExecuJet Europe's management team. Peter is married with two grown up children.

In his new role he will not only be responsible for the day-to-day management of ExecuJet Europe's business aviation operations, support and services business across a broad territory from Ireland and the UK and across continental Europe and into Russia, Ukraine and the ex CIS, but will also provide strategic input and ongoing management of the company's rapidly expanding business investment and operational footprint in the region, which will herald the immediate creation of new jobs in the company's Europe business and the addition of more business jets to the European fleet. These fresh initiatives will complement ExecuJet Europe's recent announcements regarding the opening of an FBO facility at Berlin Schönefeld Airport and the award of their German AOC

Hartmann's appointment also coincides with the announcement last month, at a small unveiling ceremony accompanied by staff and business associates, of ExecuJet's renamed head office at Zurich International Airport to 'ExecuJet Aviation Centre.'

"I am delighted to be taking on this role at such an exciting time at ExecuJet, and at a time too when business aviation throughout Europe is buoyant. The current business aviation and general economic climate", added Hartmann, "sets the perfect stage for ExecuJet to act on its intentions to expand its business aviation services activity focusing on opportunities in Germany, the UK and Russia." (ExecuJet will participate again at the International Business Aviation Show in Moscow, newly named Jet Expo, during September 19-21. www.jetexpo.ru)