Press Release

Issued by Letiste Vodochody a.s..

January 15, 2009

Odolena Voda, Czech Republic, January 15, 2008: So far a private international airport of Aero Vodochody, the largest aerospace manufacturer in the Czech Republic, has from the New Year become a separate company. Martin Kacur, so far Vice President for Airport Development, became General Manager of the newly established company Letiste Vodochody a.s. (Vodochody Airport). He will be responsible for finalizing and realizing the project of transfer, building a second airport for Prague and its vicinity in Vodochody.

„In the last quarter of 2008, we succeeded in winning several important licenses necessary for current operation of the airport as well as its development. By the end of January, we are going to launch negotiations on the Environment Impact Assessment (EIA)," says Martin Kacur, General Manager of Vodochody Airport.

At the end of 2008, Vodochody Airport obtained the airport operation license from the national Civil Aviation Authority, the European air-traffic control license as well as the handling license. The Airport has also signed an agreement with the alien police and customs administration on handling of passengers. A new security program of the airport was approved by the national Ministry of Transport.