Press Release

Issued by JETNET.

December 23, 2010

JETNET LLC, the leading provider of corporate aviation information, has released the November 2010 results for the pre-owned business jet, business turboprop, and helicopter markets.

Market Summary

Business Jet inventory For Sale percentage shows the largest change, down 1.5 points to 15.1% from 16.6%. Most important is the percentage change in the Sale Transactions; Business Jets lead with the largest percentage gain, 18.7%, compared to 2009. All aircraft categories are taking longer to sell in 2010, ranging from 34 to 79 more days in the YTD comparisons. The Pre-owned Piston Helicopter segment is the only aircraft market sector to show a decrease in sale transactions (an 8.1% drop).

It's the economy

According to one group of economists, the recession ended in June 2009 and the U.S. has now recorded five consecutive quarters of positive results in U.S. Real Gross Domestic Product (GDP), defined as the output of goods and services produced by labor, and property located in the United States. However, the GDP quarterly numbers released by the U.S. Bureau of Economic Analysis have shown a subpar result for business aviation, at least for the last two quarters.

Historically, whenever the GDP has been greater than 3.0%, the business aircraft market is in a growth mode.

Pre-Owned Business Jets For Sale

While the Business Jet inventory For Sale remains stubbornly high reflecting the subdued pace of recovery, it is lower than in 2009.

Pre-Owned Full Sale Transactions

Good news can be seen in the Full Sale Transactions for Business Jets, as the industry has finally dug its way out of the hole created in October 2008 and throughout all of 2009. The YTD (January through November) 2010 Business Jet Full Sale Transactions have now exceeded the YTD transactions in 2008 by 1% and 2009 by 18.7%. The YTD 2010 results are 7% and 16% below the YTD 2006 and YTD 2007 (peak) levels.