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Esperia Aviation Services

Press Release

Issued by Esperia Aviation Services.

May 17, 2011

Esperia Aviation signs MoU with New York's HeliFlite

Esperia Aviation Services - an Italian Business Aviation company supplying business transportation and aeronautic services - and HeliFlite – a NY based company very active in helicopter transportation in the North East corridor of the US - have announced the signing of an important MoU for a future collaboration mainly addressed at improving the services offered to their clients in order to become the main reference companies for the promotion of helicopter transportation in both countries.

Specifically, Esperia and HeliFlite will share a strategy for the development of the helicopter sector and a collaborative approach to serving their clients. Both companies have a long term strategy based on the implementation of innovative operating standards. One objective of the shared strategy is to have the quality of their services recognized by industry leading auditors, based on experience already accumulated by Heliflite in this field. Esperia and Heliflite serve as a model for other top operators in the sector.

"We are delighted to have met a partner with such great experience as HeliFlite who shares in full our values and supports, through passion and determination, the development of the sector. This gives us the opportunity to share their experience in operating in such a complex and evolved city like New York" – said Marco Rosati, CEO of Esperia. Esperia, through its partnership with AgustaWestland - internationally renowned helicopter manufacturer – has paved the way to make helicopters become a key means of travel and to perfectly integrate in the Italian transportation system.

HeliFlite is a company very aware of safety issues, is very dynamic and is accustomed to providing tailor-made solutions for fulfilling the needs of all its clients. It was the first helicopter company to offer fractional ownership to frequent flyers. Said Mr. Bruce Rogoff, CEO of HeliFlite, "We are delighted to partner with Esperia. It is exciting to find a premium helicopter provider in Italy who shares our passion for service and an unwavering commitment to safety."