Press Release

Issued by ABS Jets.

February 21, 2012

ABS Jets, one of the fastest growing business jet operators and a key player on CEE business aviation market, is delighted to announce the addition of a new Embraer Phenom 300 to its growing fleet of aircraft. The new aircraft confirms ABS Jets' position as a leading business aviation pioneer in the heart of Europe.

The new Phenom 300 is the first business jet of this type to be registered in the Czech Republic and Slovakia. The addition of the Phenom 300 to ABS Jets' fleet will bring the number of aircraft the company currently operate a fleet to 13 aircraft. The fleet consists of six Embraer Legacy 600s, one Learjet 60XR, one Cessna Citation Bravo, one Phenom 300 and several Gulfstreams. In addition to these aircraft ABS Jets also manages a portfolio of aircraft operated by domestic and international clients, many of these aircraft are based at ABS Jets Prague and Bratislava operations.

Vladimir Petak, CEO of ABS Jets said "We are very excited about the new opportunities the Phenom 300 will offer both ABS Jets and our clients. The addition of this Phenom 300 to our fleet is proof of increased demand we are seeing for our services in CEE region. We believe the Phenom 300 will meet and exceed the expectations of our passengers. It also fulfils our expansionary plan pledge to enlarge our fleet every year. It is an excellent way to start 2012."

The Phenom 300 fits very well into ABS Jets range of activities. ABS Jets is the Embraer Executive Jets Authorised Sales Representative for the Czech and Slovakia Republics and is at the forefront of sales and use of Business aircraft throughout the Central Europe. In the latter part of 2011 ABS Jets held a series of Embraer aircraft presentation days resulting in heightened interest in Business Aviation and Embraer aircraft.