Press Release

Issued by Hongkong Jet Engineering.

June 20, 2012

Civil aviation authorities for Mainland China, Macau and Canada have accepted Hongkong Jet as an approved aircraft maintenance organization. Coupled with the award of its 145 maintenance approval by Civil Aviation Authority of the Cayman Islands, this paves the way for Hongkong Jet to provide base maintenance support to the business aircraft registered in the above jurisdictions.

The recognition of aircraft maintenance standards from the Hong Kong Civil Aviation Department (HKCAD), General Administration of Civil Aviation of China (CAAC), Civil Aviation Authority of Macau (AACM) and Transport Canada, enables Hongkong Jet to extend its maintenance services to Mainland-China-registered aircraft, Macau-registered aircraft and Canada-registered aircraft, which is yet another milestone. Meanwhile, Hongkong Jet's Cayman 145 maintenance approval is recognition of being a qualified maintenance organization approved by the Civil Aviation Authority of the Cayman Islands after thorough inspection of maintenance capabilities and safety management systems, allowing the organization to provide maintenance services to Cayman-registered aircraft.

"I am very pleased that we have achieved the recognition of various civil aviation authorities so soon after receiving our HKAR-145," said Chris Buchholz, CEO of Hongkong Jet. "This further highlights that Hongkong Jet's world-class standards and five-star service have been internationally recognized. Being able to provide maintenance service for aircraft under various registrations in parallel with being able to operate aircraft registered in different countries, truly consolidate Hongkong Jet's special advantage in the region. With the strong growth in business aviation in Mainland China and customers' increasing level of sophistication, more and more customers on the Mainland are requesting maintenance services of international standards and as they travel to Hong Kong and beyond. Our dedicated 24/7 AOG GO Team (Aircraft-On-Ground GO Team) is ready to provide maintenance services whenever and whenever it is needed."

More and more aircraft manufacturers are setting up their maintenance support centers in Asia, allowing quick access to the aircraft spare parts. Hongkong Jet works closely with them to ensure a sufficient supply of aircraft components and a swift return to service thanks to Hongkong Jet's team of highly experienced engineers. Mr. Buchholz added: "We have one of the most experienced maintenance teams in Asia that continuously gets the best trainings overseas in order to ensure our service constantly exceed our customers' high standards."