Press Release

Issued by Metrojet.

June 6, 2012

Metrojet is pleased to announce the appointment of Steve Hughes as Director of Maintenance and Engineering (DME). Mr. Hughes will oversee all aspects of Metrojet's maintenance operations, including CAMO DME and Part 145 Repair Station Accountable Manager responsibilities. Mr. Hughes brings 29 years of experience in the aviation industry, of which 22 years have been in the business aviation industry.

Mr. Hughes started his career in the UK Royal Air Force Tornado squadrons, followed by experience in a variety of fields within business aviation, including a Maintenance Manager role with Jet Aviation Saudi Arabia in Jeddah for three years. He spent the last ten years with NetJets Europe, and assumed the role of Director of Maintenance and Engineering in 2002. He was instrumental in defining and growing the European company maintenance structure to support over 170 aircrafts, including the introduction of Part M and Sub Part I.

Mr. Hughes retains currency for his B1 EASA and FAA A&P licenses, and with these, has been able to extend his experience across different aircraft types, including varieties of Citations, Hawkers, Falcons, Gulfstreams, Bombardiers, BAe 146's and Boeing B757 & B767, and has earned high regard from within the business aviation industry.

"I am delighted to welcome Steve to the Metrojet family," said Bj?rn N?f, Chief Executive Officer of Metrojet Ltd. "His solid engineering background combined with extensive experience gained from top-tier business aviation companies will be a tremendous asset to Metrojet's maintenance operation. We will develop the best MRO facility in Asia and continue to deliver operational excellence to our clients."

"I am extremely excited to be moving to Asia to join the Metrojet family; eagerly look forward to participating in the expansion and growth of the Metrojet business, and developing all aspects of the maintenance support needed within the Asia Pacific region" commented Hughes.