Press Release

Issued by JETNET.

November 29, 2011

JETNET LLC, the leading provider of corporate aviation information, has released October 2011 and the first ten months of 2011 results for the pre-owned business jet, business turboprop, and helicopter markets.

Market Summary

While the pre-owned market continues to show improvement, all indicators have been slow to recover in the first ten months of 2011. These figures are, however, much improved compared to the lows recorded over the past two years. The For Sale inventories have declined, and Full Sale Transactions have recorded double-digit growth for both Business Jets and Turboprops of 10.3% and 10.2%, respectively. Both Turbine and Piston Helicopter Full Sale Transactions have declined by double-digit percentages of 11.4% and 17.8%, respectively.

US Economy ("second" estimate of the 3rd Quarter 2011

Real gross domestic product (GDP)—the output of goods and services produced by labor and property located in the United States—increased at an annual rate of 2.0% in the third quarter of 2011 (that is, from the second quarter to the third quarter) according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.3%. The "second" estimate of the US GDP is welcome news compared to the second quarter's 1.3%, but still well below the 3.0% GDP growth mark (when business aviation does well).