Press Release

Issued by BAA - Business Aviation Asia.

October 6, 2008

BAA Jet Management Ltd., a Hong Kong Limited Liability Company, announced today that Jet Aviation Basel recently signed two Letters of Intent (LOI) with its clients from Asia for the first two Airbus A350-900 XWB (Xtra Wide-Body) Prestiges delivered worldwide for VIP configuration. The LOIs also include the aircraft interior design to be done at Jet Aviation. Scheduled to arrive in Basel in late 2014 and early 2015, execution time for each aircraft interior is estimated 18 months. Both aircraft will be managed and operated by Hong Kong-based BAA Jet Management Ltd.

The two A350-900 XWBs from the Airbus' airline production line will be configured for VIP use to become the first aircraft of this type available to the business aviation market. After an extensive test program followed by a reconfiguration phase at the manufacturer's site, the aircraft will be flown directly from Airbus' assembly line in Toulouse, France to Jet Aviation Basel where the two A350-900 XWBs will receive their VIP interior.

"We are extremely proud for Jet Aviation Basel to be the first completions center to be entrusted with the VIP outfitting of two A350-900 XWB aircraft," says André Wall, Jet Aviation's COO for the EMEA & Asia regions. In addition to the outfitting of the aircraft, Jet Aviation Basel's design department will also develop the interior for both aircraft.

Managed and operated by BAA Jet Management Ltd. in Hong Kong, one of the A350-900 XWB Prestige is owned by C Jet Ltd. based in Hong Kong while the other aircraft belongs to an undisclosed customer from Asia.

"Jet Aviation impressed us not only with its experience, in-house design capabilities and new state-of-the-art facilities but also with its responsiveness and flexibility to accommodate the two A350-900XWB Prestiges that we will be managing which are schedule to be delivered only months apart" says Jeffrey Lowe, BAA Jet Management Ltd.'s Director Sales & Marketing. "We look forward to working with the Jet Aviation team and together producing exceptional aircraft for our clients."