Press Release

Issued by FAI rent-a-jet.

April 15, 2011

The German general aviation company FAI rent-a-jet is opening its new Hangar 6 with an associated operations facility at Nuremberg Airport. The company with its head office based in Nuremberg has invested 10 million euros in the new building which has a net area of more than 6,000 square metres. To coincide with the commissioning of the hangar at the end of April, the airline is also expanding its fleet in May 2011 to include a further long-haul jet of the type Global Express (list price of the manufacturer Bombardier 40 million euros). As a result, FAI rent-a-jet will have a fleet of 20 aircraft that are deployed worldwide in the three core business areas of the airline that was founded in 1986: Executive charter, flights by order of the United Nations and patient transportation via ambulance jet – a segment in which FAI Flight Ambulance International is global market leader. For 2011, FAI rent-a-jet AG is anticipating operating revenue for the first time in excess of 50 million euros, having generated 42.1 million euros in 2010.

"The construction of Hangar 6 is a 'perfect landing' for us and a sign of our strong commitment to Nuremberg as the centre of our activities," FAI founder and chairman Siegfried Axtmann, who as a construction engineer was also responsible for the drafting and planning of the project, says at the opening ceremony. FAI has already been working out of Nuremberg Airport since 1989 and has so far been running its operating business from a smaller, rented hangar. "We have invested 10 million euros at Nuremberg Airport because it is a central base for us in Europe and with its 24/7 availability guarantees us the high level of flexibility our business requires. FAI is experiencing significant growth. Our new hangar provides us with ideal conditions to meet the rising demand from our customers, notably in the areas of executive charter and aircraft management," Siegfried Axtmann continues.

The positive economic climate in Germany and numerous other European countries is driving globalisation forward, strengthening air traffic in general. FAI benefits from this as the demand for both executive charter flights and patient transportation is high. The geopolitical security situation is generating continuously rising demand for flight logistics for United Nations' peace missions.

"We are enhancing our fleet to include a second Global Express long-haul jet for high-end VIP charter. This new aircraft and the increasing demand in this area are enabling us to create new employment for ten further staff at our Nuremberg base," Siegfried Axtmann explains. In all, the airline will then have a workforce numbering 164 permanent employees, 30 of whom taken on in the past six months alone.

FAI's founder and chairman continues: "I would like to take this opportunity to thank Nuremberg Airport managing directors, Karl-Heinz Krüger and Harry Marx, for their outstanding cooperation in the speedy realisation of this project." In the run-up to the opening, Katja Hessel, state secretary at the Bavarian State Ministry for Infrastructure, Transport and Technology, and member of the supervisory board of Nuremberg Airport, had already highlighted the good cooperation between FAI and the airport in the realisation of Hangar 6.

Hangar 6: high performance and environmentally friendly

In spring 2010, Flughafen Nürnberg GmbH had assigned FAI Asset Management GmbH a plot of land in a leasehold agreement, measuring some 10,000 square metres immediately adjacent to the airport apron area, on which FAI erected

Hangar 6 with the associated operations facility. The project encompasses a total net area of around 6,000 square metres split into 2,500 square metres hangar space, 1,500 square metres workshop and warehouse space and 2,000 square metres office space. The building is equipped with a 100-kWp solar plant that feeds back more solar energy into the grid than the ongoing ground operations consume. This CO2-neutral facility is so far unique at German airports. Via the deployment of exclusively battery-run aircraft towing vehicles and electric cars for the transportation of persons on the apron, FAI is making a further contribution to reducing CO2 emissions.

Executive charter should experience above-average growth – aircraft management segment is to undergo significant expansion

In future, all 20 FAI jets will be serviced in Hangar 6. The company's fleet comprises 14 Learjets, two Global Express jets, one Bombardier CRJ 200 LR, one Falcon 900 and two Challenger 604 jets. Six of these aircraft are in use for VIP and MedEvac purposes for various UN peace missions on the African continent. To this end, FAI runs stations in Dakar, Abidjan, Entebbe, Nairobi and El Fasher. FAI Flight Ambulance International currently has the world's biggest civil fleet of ambulance jets (14) that are specially equipped for the transportation of emergency patients and are used for this purpose only. "Operating ambulance flights is an ad-hoc business, often at difficult destinations", Siegfried Axtmann says. "To fly profitably it is therefore important to plan the stationing of aircraft with exact precision. Since February, we have had an ambulance jet of the type Learjet 55 stationed in Dakar serving the region comprising Northwest Africa and the Canary Islands. As from May, we will be stationing a Learjet 60 at Abu Dhabi Al-Bateen City Airport." FAI Flight Ambulance International is anticipating steady growth in its ambulance flight operations for the current year. Every year, the company organises more than 600 ambulance flights for government organisations and insurance companies. These are supplemented by the given number of UN deployments, which may not be published for contractual reasons.

In the business air travel sector and VIP flights, FAI has specialised in the premium price, wide-body jet segment that it serves with its Falcon 900 DX EASy, Challenger 604 and fleet flagship Global Express aircraft. The clientele for such transportation options comprises royal families, governments, corporate groups and wealthy private persons. The most popular destinations here include the Maldives, the Seychelles, Moscow, Dubai, Nice, London, Paris, New York, Samedan and Olbia. Siegfried Axtmann: "With our second Global Express long-haul jet we meet the high level of demand in the premium VIP charter segment. In this segment, FAI acts in the premium luxury market by offering appropriately outstanding services such as in-flight cooking. Due to the high level of investment required for the aircraft, there are few suppliers while, at the same time, the demand is rising from the highly discerning clientele. We are therefore anticipating continued above-average growth for our company in this segment."

As a further strategic growth area, FAI is planning to use the opening of Hangar 6 to develop its aircraft management activities for owners of business jets. In this sector, FAI provides aircraft maintenance and management services on the customer's behalf as well as active on-request marketing services in the charter market.

250,000 euros donated for clinic in Senegal

While FAI is setting course for a successful future by way of its construction of the new Hangar 6, the company has on its own provided 250,000 euros to fund the building of a day care clinic in Senegal. FAI founder and chairman Siegfried Axtmann: "Our ambulance flights often take us to locations in dire need and to people lacking basic medical care. We wholeheartedly feel it is our duty to help, which is why we have supported the construction of the clinic in Kolda. As such, we know that our aid actually reaches the place where the people are who need it most. I would like to express our thanks to our partners managing the local realisation of the project: UNESCO and Hope87."