Press Release

Issued by .

November 8, 2007

Prestige Jet, the new, fast-growing, private aviation company operating out of Abu Dhabi International Airport, will make its Dubai Air Show debut at the 2007 event, starting next week.

The airline will be showcasing its full range of services on stand E322, from private charters to aircraft management services. Chairman, HE Ghaith Ben Hamil Al Ghaith says that several significant announcements concerning strategic partnerships and aircraft will also be made during the week.

"The Dubai Air Show comes at an important time in our growth programme," he said. "Business has exceeded all our expectations since we were launched last Summer and as a result we are actively seeking to increase the size of our fleet and the services we offer. We have two Grob sp aircraft scheduled for delivery next year and we hope to announce the addition of more aircraft during next week."

Al Ghaith said the growth in private air charter travel across the Middle East is being fuelled by a new global business environment, where more and more people, from businessmen to government leaders across the Middle East are demanding faster and more reliable modes of transport.

"They are increasingly aware of the benefits in efficiency and productivity that private jet travel can bring," he said. "In fact, private jet travel and executive charter flights are no longer seen as a luxury, but a necessity, and its flexibility and privacy has resulted in remarkable double-digit market growth in demand in the Middle East region over the past few years.

Another key reason for this boom in the industry is attributed to the growth of major international events in the area, and the rise of Abu Dhabi and other Arab Countries as hubs of business and foreign investments.

"One cannot deny that competition is also increasing the availability ad competitiveness of this form of travel," he adds. "Contrary to popular belief the fee for chartering a business jet can be very cost effective if a trip is well planned.

"Prestige Jet currently uses GIII, Challenger 604, and Challenger 601 aircraft to serve key markets of the Gulf, Europe and the Far East. As we operate a fleet of diversified, new generation aircraft, this affords us greater flexibility to use both commercial and private airfields as starting points which can save passengers an enormous amount of time."

"We are looking forward to Dubai Airshow 2007 and are confident that the show will do much to raise our profile in the marketplace," Al Ghaith concludes.