Press Release

Issued by Deer Jet.

March 10, 2011

In ceremonies at the Asian Business Aviation air show in Hong Kong this week, Gulfstream signed a sales agreement with Hainan Airlines Group for one large-cabin, long-range G450 business jet and four large-cabin, ultra-long-range G550 business jets. The aircraft will be operated by the airline’s business-jet subsidiary, Deer Jet. The aircraft will enter service in 2012.

Deer Jet, based in Beijing, owns or manages more than 20 Gulfstream aircraft, making it the largest Gulfstream operator in China and one of the largest in the world. In 2006, Deer Jet was the first in China to place a Gulfstream aircraft into service, and has helped Gulfstream establish a presence as the leading business-jet brand in China.

Gulfstream President Joe Lombardo commented on the strong relationship between the two companies and pledged the excellent product support for which Gulfstream is known.

“We are delighted by this new phase of our relationship,” Lombardo said, “and look forward to it growing and deepening in the future.”