Press Release

Issued by Jet Aviation.

March 5, 2007

Jet Aviation announced a personnel change today. Heinz Köhli, CEO of the Jet Aviation Group, has decided to leave the company effective immediately to seek a new challenge outside of the company.

Differences over the company's future strategy have led Heinz Köhli to resign. He will be succeeded by Carl Hirschmann who has accepted the position of interim CEO until a permanent replacement is found. The Board of Directors in convinced that he will successfully continue with the company's growth strategy