Press Release

Issued by GainJet Aviation.

April 26, 2013

VIP charter operator, GainJet Aviation S.A is continuing its mission to grow its long range fleet with the acquisition of two Bombardier Challenger 604 long range super-mid size executive jets.

Both CL-604s have just been completely refurbished to ensure maximum comfort and luxury for their passengers. The aircraft can comfortably accommodate ten passengers in their spacious cabins and are both capable of an impressive 8.5 hours (4000 nm) flight range.

GainJet's president Captain Ramsey Shaban explains: “The CL-604s are ideal aircraft for the operation we have in mind. They offer a 4000nm range and spacious cabins, which many of our customers certainly prefer when compared to other mid-size jets. Each plane will be fitted with complete medevac kits, enabling them to operate in a duel role of passenger and medevac lift. Noteworthy is that the main reason for choosing the 604 is its proven record in medevac work and its ability to operate with two stretchers, from the UAE to London direct. Their long range capabilities, will also allow us to accommodate charter requests, without fuel stops, between the Middle-East, Europe and Africa.”

GainJet's fleet is based throughout Europe, the Middle-East, and Africa to provide maximum convenience for its main target markets. One of the 604s will be based in Athens as a central strategic location to serve GainJet's three main markets equally. The other CL-604 will be based in Kuwait to serve the Middle East market.

Shaban explains: “We feel the 604s will be popular aircraft in all three of our markets, so we've chosen Athens as a central home base location for one of the aircraft. This gives us good access to most major cities in Europe, the Middle East and Africa. It also supports the other 604, which will be based in Kuwait to provide greater flexibility in that region”.

In 2012, GainJet acquired a Gulfstream G550 and a second VIP Boeing 737-300, while also upgrading its flagship aircraft, the VIP Boeing 757, to add on a stateroom and en-suite and WiFi broadband network. The company also acquired a Boeing 737-400 in November 2012, which is currently being completely refurbished into VIP standards and is expected to be in service by June 2013. Adding this to the company's latest acquisition of 2 CL-604s, and GainJet has proven that it's driving towards its mission of expanding its long range capabilities and corporate airliner fleet.