Press Release

Issued by .

May 16, 2011

Marshall Executive Aviation (MEA) is pleased to announce its continued fleet expansion with the signing of a Management Agreement for a newly refurbished Cessna Citation C550 Bravo. This latest aircraft is based at London Stansted Airport and is available for charter alongside a company-owned Citation Bravo and Citation XLS and a managed Challenger 300.

Pete Stroud, Chief Pilot, Marshall Executive Aviation, said: "We are very pleased with this addition to our aircraft management portfolio. I am particularly happy with the ease with which we were able to bring the aircraft into our operation. This represents a culmination of efforts which has doubled our fleet size in less than 9 months".

Iain Young, Managing Director, Marshall Executive Aviation, remarked: "The additional aircraft marks a significant moment for the company. After running our in-house fleet for several years, we took a strategic decision to expand into aircraft management and this is the second aircraft to join us under that scheme.

He added: "MEA is a small company with a diverse, dynamic and carefully selected team with all the advantages of agility which that confers. At the same time, we benefit from the size and strength of our parent organisation, the Marshall Group of Companies, and close liaison with sister company, Marshall Aerospace, a long-standing and key player in the aerospace business. We are therefore able to bring security and dependability to our clients in addition to our proven record of service excellence".