Press Release

Issued by Jet Aviation.

July 21, 2008

Jet Aviation Dusseldorf announced at Farnborough International Airshow that it was recently appointed by Piaggio Aero as an Authorized Service Center for the P.180 Avanti / Avanti II aircraft.

Jet Aviation Dusseldorf has been performing maintenance work for P.180 Avanti /Avanti II for many years and has now received the Piaggio Aero Service Center Authorization. "With more than 10 years experience on the P.180 Avanti aircraft, our Dusseldorf MRO team has achieved an excellent reputation for servicing Piaggio Aero's P.180 Avanti /Avanti II," said Johannes Turzer, Senior Vice President and General Manager of Jet Aviation Dusseldorf and added, "The appointment as Piaggio Aero Authorized Service Center underlines their trust towards our Dusseldorf team and capabilities."

Commenting on the agreement, Paolo Frino, Vice President of After Sales for Piaggio Aero Industries said: "This partnership with Jet Aviation marks another chapter in our customer support development providing first class service and product support to our increasing client base in Northern Europe. With this partnership agreement, we will be able to even better serve our customers who can benefit from Jet Aviation's premium level of expertise and efficiency in aircraft maintenance."

The new authorization allows Jet Aviation Dusseldorf to perform maintenance services to P.180 Avanti / Avanti II aircraft up to and including D-Check inspections. Also, Jet Aviation's personnel will attend recurring annual training courses in Genoa.