Press Release

Issued by .

March 1, 2012

InterGlobe Established Private Limited, the luxury lifestyle solution provider and subsidiary of InterGlobe Enterprises, today announced the signing of the MoU to sell the first set of four LET aircraft in India. Asia Aviation and Turbo Aviation become the first two owners of LET 410UVP-E20 aircraft in India. With these deals the latest variant of LET 410 aircraft showcased at the ongoing India Aviation Summit in Hyderabad, make their sales debut in India. THE ESTD exclusively represents LET Aircraft in India and SAARC.

The LET 410 aircraft from LET Aircraft Industries offers exceptional performance with durable airframe and unique design in all weather conditions making them extremely relevant for India. In the 19 seater category, no other plane better serves the short-haul transport necessities in both developed and under developed regions of the world than the LET 410 aircraft. The aircraft provides the highest standard of passenger comfort as well as maximum versatility and utilization of the aircraft for any number of applications and special missions. Another key highlight of the aircraft is the fact that it can operate anywhere, needing just a few hundred meters of airstrip with a minimum strength of 6 kg/sq. cm (85 lb/sq.in).

Nigel Harwood, President and CEO, THE ESTD said, "We are delighted to announce the sale of LET aircraft in India to our esteemed customers – three aircraft to Asia Aviation Ltd and one to Turbo Aviation Pvt Ltd. We were confident that with the introduction of LET 410 aircraft in India we will be able to carve a separate segment in the 19 seater category that offers versatility of use adept to Indian weather condition and provides an opportunity to connect smaller cities or outlying regions.

Mark Kozisek – Commercial and Product Support Director, LET said, "We are represented by THE ESTD here. India holds great potential as a market and we see great demand for LET. Signing a deal for 3 LET 410 aircraft with Asia Aviation is extremely encouraging and reinforces our optimism for greater success and a long term future in India."

"We are extremely excited about our presence in India which is among the fastest growing markets in Asia. There is a positive demand for aircraft around the world and we are expecting the same response from India as well." added Kozisek

Capt. VK Kukar – Managing Director, Asia Aviation said, "Asia Aviation Ltd ever since its inception in 1997 has been continuously flying with a mission to offer the best and customized air charter services to tourists with its fleet of Jet, turbo prop aircraft and helicopters. Asia Aviation Ltd is also CAR145, DGCA approved aircraft maintenance organization, engaged in providing aircraft maintenance services from piston to Jet engine including Cessna Citation and Gulfstream IV. We were looking for an aircraft to provide feeder air transport solution and LET410 with its superior operational characteristics is the best aircraft in this class. We are proud to be first owner of LET410 in India."

V Umesh – Managing Director, Turbo Aviation Pvt. Ltd. Said " Turbo Aviation Pvt. Ltd. is the one-stop solution for all Charter Services. We are extremely delighted to add the LET 410 aircraft to our portfolio. Our aim is to provide safe, secure and state of the art facilities to our customers and there could not have been a better choice than the LET 410 aircraft. We are excited to be the first owners of the LET 410 aircraft in India."