Press Release

Issued by The Sharp Wings.

May 24, 2012

Altair and Hogan Lovells proudly report the successful nose-to-tail management of the seizure, repossession and remarketing of a Falcon 900EX EASy aircraft for a major European bank. Combining their skills and expertise in the technical, regulatory, financial and legal fields, Altair and Hogan Lovells achieved the aircraft sale in less than four months meeting the seller's expectations in a true buyer's marketplace.

"Throughout the duration of this challenging project, both firms applied their common approach to asset management" explains Altair's Chief Operating Officer, Jean Sémiramoth. "Protecting the client's interests and providing guidance throughout the complex process is crucial in a project of this sensitive nature."

Richard Jadot, Head of Banking at Hogan Lovells (Paris) LLP added: "Co-ordination and reactivity are key elements of success for a repossession of this type of aircraft. Close rapport with Altair and our client, and the quality of the relationships between all parties are decisive factors in successful repossession and remarketing."

This project follows a series of fruitful collaborations between Altair and Hogan Lovells over the past five years in the private and commercial aviation sectors including among others: the acquisition and outfitting of an Airbus ACJ320 for a Middle Eastern Head of State, and the successful negotiation of the extension of the lease of an Airbus A321 for a Western African carrier.