Press Release

Issued by .

May 16, 2011

Leading private aviation and executive transport company, Avolus, has seen encouraging trends in territories that are key for Avolus' expansion plan 2011. Avolus saw a 32% increase of business in 2010, which is being replicated in 2011. The business increase is evident across all regions driving the concentration to the USA, Russia & CIS and China. Avolus has undergone various developments in the aim to grow the Avolus Charter division to these territories, extend Aircraft Sales & Acquisitions services across the globe and launch new ventures in Block Hours and Fractional Ownership programmes.

Jet card programme

The UK & USA charter division had record breaking sales for Avolus in Q1 2011. The success of the region is all part of Avolus's USA expansion strategy, in which has led to the development of a new initiative for the company. Avolus is set to launch a new Jet Card programme in partnership with the USA based partner by end of Q2 2011. The Jet Card programme came about due to the strong demand from Avolus clients based in the USA and in Europe.

Growing presence in Russia & CIS

Avolus continues to develop its business in Russia & CIS with a successful Q1 in 2011 and margins remaining well above industry levels. The opportunity for Avolus to increase its presence in Russia & CIS has shown itself. Avolus has partnered with leading Russian luxury restaurant group, Novikov Catering, to provide fine gourmet catering on-board all flights departing from Moscow. Avolus has also joined RUBAA to strengthen its presence for Charter services and the Aircraft Sales & Acquisitions division within the region.

Developing plans for Asia

As previously announced, Avolus's plan to branch out to China has been a significant focus for 2011, as a platform to increase the company's presence in Asia. According to Forbes, China have 115 billionaires, over 50% more than any country in the Asia- Pacific region. Avolus is currently looking into a joint venture with a VIP transport company in China that offers Private Jets, Helicopters and Yachts. This joint venture shares Avolus's unique integrated services, which is a business model with a high level of demand within the Chinese market.

Fractional Ownership programme

Avolus has also developed a partnership with a UK Fractional Ownership scheme, which offers an eco-friendly and cost-effective door to door solution across Private Jets and Helicopters.

Increasing new business in Aircraft Sales & Acquisitions

Avolus business growth in USA and Russia & CIS has shown an increasing interest in Avolus Aircraft Sales & Acquisitions. Avolus recently announced their new VP of Aircraft Sales and Acquisitions, Alex Hunter, an entrepreneur who formed The Private Jet Club Ltd. As Managing Director of his own company, he conceived PrivateJetShare.com (Europe's first charter sharing member's club). With a strong background in the aviation industry, Alex now specialises in the aircraft sale, acquisitions, fractional, block hour and card programmes. Together, Avolus have closed 8 deals since 2009 when Avolus Aircraft Sales & Acquisitions division launched. Alexis Grabar, CEO & Founder of Avolus commented that, 'We expect our Aircraft Sales & Acquisition division to be the pinnacle in our strategic expansion plan in 2011.'