Press Release

Issued by Premium Jet.

May 16, 2012

Premium Jet AG in Zurich, Switzerland accomplished last week in the USA a pre-purchase inspection on a Global Express. The aircraft is in very good shape and provided everything goes according to plan, Premium Jet expects its acceptance in June and start of operation in July. Additionally Premium Jet will add later this year two more ultra long range jet to its management fleet, bringing its overall fleet to 13 aircraft.

Premium Jet's experienced in-house CAMO+ maintenance management team saves the owner both time and money while the highest professional standards are ensured – not only during pre-purchase inspections but also once the aircraft has been taken under Premium Jet's wings.

At that point, Premium Jet will ensure the requisite technical and operational services, including but not limited to dispatch, flight crew supervision, maintenance oversight and planning, insurance and fuel management, administration, accounting and charter sales.