Press Release

Issued by .

April 16, 2012

Ocean Sky, one of Europe's fastest growing private aviation companies, has announced a multi-million pound transformation of its private jet base at London Luton Airport, giving it the ability to handle the anticipated rush of international passengers to London over the Olympics.

The enlarged facilities will also include a luxurious passenger lounge, a new concierge service and seamless screening. On completion, Ocean Sky will be able to handle three times as much business.

Ocean Sky CEO Stephen Grimes comments 'we are forecasting a significant increase in turnover at Luton following the new FBO's opening. With space for up to 30 aircraft at any one time we will have the capacity in our first year to double our annual movements.'

The new FBO will cater for all types of business aircraft from helicopters to long-range business jets.

Grimes comments further 'our diversified model covering ownership services, charter, sales and acquisition, interiors, engineering and handling protects us from fluctuations in the demand for private aviation travel. We are strongly committed to growth, which will see us expand our luxury offering to new locations in Europe and emerging territories.'

By developing a state-of-the-art FBO at Luton, Ocean Sky will cement its position as a major player in the aviation market. The development is scheduled for completion late summer.