Press Release

Issued by Premium Jet.

May 15, 2012

Premium Jet AG in Zurich, Switzerland (EBACE booth 749) has today signed a joint venture agreement with SGC Aviation of Vienna, Austria (booth 1735), giving its mutual customers the freedom to choose between its Swiss and SGC's Austrian AOC.

Premium Jet, headquartered in Zurich for over 9 years, embodies the typical Swiss virtues of honesty, reliability and thoroughness and in partnership with SGC Aviation, headquartered in Vienna, Premium Jet now has a lot of additional options to offer.

Irrespective of "where the shoe pinches" an aircraft owner – may it be certain import and/or VAT taxation practices, aviation related taxes or other burden presently encountered – Premium Jet can supply now either a Swiss or an Austrian solution and help its customers choosing the most suitable one. The eventual extra effort required will be definitely worth it.