Press Release

Issued by FCG OPS.

May 10, 2012

Flight Consulting Group, a Latvian holding structure operating in the business aviation sector for more than 10 years, is expanding its business directions by having its own corporate travel, IT and aircraft charter divisions.

Within its holding, a new company, Jet Travel, has opened dedicated to corporate travel and group travel solutions. The company's main office is situated in Riga International Airport. Jet Travel works with international hotel chains as well as independent hotels to provide extremely attractive hotel room rates all over the world. Especially Jet Travel provides reasonable rates for Moscow upscale hotels which were and are always not easy to book.

This year, FCG holding business development has also taken off in an entirely new direction - IT solutions - which is not a standard direction for business aviation companies.

"Everything started with the fact that we needed to optimize our own computer system. But in work process we took a decision to unite our knowledge and experience accumulated across all these years, and have created a separate project – ERP & CRM systems for air companies and flight dispatch services." says Roman Starkov, the owner of FCG.

This IT division has all prerequisites to grow into a separate FCG business unit.

Another FCG new division is aircraft chartering for the business and group charter markets.

"This is the logical development of our many years expertise in this segment. We are offering a wide range of cost effective business aviation and passenger charter flight operations all around the world. Our extremely strong side in charter operations are flights to difficult locations. From Cote D'Ivoire to Socotra Island, from deep picturesque Asian nature pearls to Latin America's countries" says Leonid Gorodnitski, FCG member of the board.