Press Release

Issued by SGI Aviation.

December 10, 2013

The Channel Islands Aircraft Registry has opened for business after a successful launch event in Guernsey on Dec 9th 2013, attended by dignitaries, aviation-related businesses as well as aircraft owners.

The newest Registry, known as '2-REG' will be of particular interest to owners, operators and asset managers of business aircraft, as well as aircraft lessors. Aircraft registrations will bear the nationality mark '2' followed by four letters, allowing for personalised registration marks. 2-REG will be open to turbine-powered airplanes above 2,700 kg and turbine-powered helicopters based anywhere in the world, and airplanes and helicopters based in Guernsey and Jersey. 2-REG is a registry for aircraft and helicopters not used for commercial air transport.

The Channel Islands Aircraft Registry, which is owned by SGI Aviation, consists of an independent team of experienced aviation professionals acting on behalf of the Director of Civil Aviation of Guernsey.

John Luth, chairman, president and ceo of Seabury Group, and Chairman of the SGI board of directors said at the launch event: 'I am impressed by the initiative taken by the States of Guernsey to add the creation of an aircraft registry to their portfolio of financial services. Even more so, the model chosen is not only unique in the world for such a registry but will add a level of service not normally seen by government-run registries. We're confident SGI's well established position in the aviation safety market as well as Seabury's standing in the global aviation industry at large will ensure '2-REG' is a successful private/public partnership.'

Wadick Chomyszyn, ceo of SGI Aviation said: 'This particular model of a public/private partnership is the first of its kind in the world, and we are proud to be a part of this opportunity. The launch of the Registry has not only provided for further diversification of the SGI service portfolio, but has also allowed SGI to pioneer a new concept and structure for aircraft registries, support to other authorities,.

It is really fantastic to see 18 months of hard work come to fruition with the introduction of the Channel Islands Aircraft Registry. We're offering competitive registration rates to corporate jets and off-lease commercial transport aircraft, wherever they may be registered.'