Press Release

Issued by ExecuJet MRO Services Malaysia.

January 11, 2012

ExecuJet Asia announces that their Malaysian operation based at Subang Airport in Kuala Lumpur was recently awarded the first direct Cayman Islands Aircraft Maintenance Organisation approval in Malaysia, known as an OTAR Part 145 Option 2 approval.

This will permit ExecuJet Malaysia to work on Cayman registered Bombardier Global Express Series, Challenger 300, Challenger 604/605 and Gulfstream GIV/SP aircraft and compliments the approvals granted by the Malaysia DCA, the Philippines CAAP and the Isle of Man CAA, together with the appointment last year by Bombardier as an Authorised Line Facility on all models.

"This approval is very important to ExecuJet and its Malaysian base given the increasing numbers of Cayman registered aircraft operating within South East Asia" says Graeme Duckworth, Managing Director ExecuJet Asia.

The Cayman Islands Aircraft Registry is the registry of choice for many owners and management companies with corporate aircraft ranging from Cessna Citation, Gulfstream, Embraer, Airbus and Boeing Business Jets. The Civil Aviation Authority of the Cayman Islands (CAACI) is the statutory body responsible for aviation regulatory oversight throughout the Cayman Islands and for aircraft registered in the Cayman Islands.

ExecuJet Malaysia has been in operation for two years and focuses on aircraft maintenance and management for customers in Malaysia, Indonesia, Philippines, Thailand Singapore and Indonesia.