Press Release

Issued by Avcon Jet.

October 27, 2008

Austrian based Avcon Jet AG announces the latest addition to its fleet of already twelve business jets. A brand new Gulfstream G150 has just arrived in Kiev and is ready for charter in the Ukrainian capital. Being the private bank among the operators, as Avcon Jet describes itself, the company is strengthening its Eastern Europe division furthermore with another medium cabin business jet.

The brand new G150 offers space for seven passengers and is able fly up to 2.950nm (5.467km) non-stop. Due to its size it fits perfectly in the Eastern European business jet market with its unbroken economic growth.

"We see that our private bank approach gives clients the assurance that we take care of their investment and therefore we are reliable partners", says Alexander Vagacs, CEO of Avcon Jet. "Our new medium cabin G150 underlines our constant growth and shows once again, that we are still one of the fastest emerging business jet operators in Europe", Vagacs goes on.