Press Release

Issued by Lancelot Flight Service.

August 17, 2011

LANCELOT Flight Service is continuing its growth and clocking up 4 new aircraft into our management in the last weeks. 2 cargo Metro II, a G150, and a C560. We are currently closing agreements with various other operators proving that our operational management service and price is being highly apreciated and that it is an efficient answer to the current situation in the market. We are in advanced talks to expand our services to the maintenance management, pre-buy inspections, Part 145, and quality and SMS management and consultancy. We hope to be able to give full details of all this at the BGAD event on Tuesday September 20th.

We are also working on the fourth phase of development of our home developed flight management software. This program is web based and currently accessible to all our clients so they have a real time view of all the information and status of the flights. In development phase we will include more information, clients will be able to retrieve their own statistics and historical data, insert their own flights and information and changes to flight already in the system reducing unnecessary calls, improving efficiency and reducing possible errors. We consider that the best service can only provided taking advantage of the latest technology available.