Prestige Jets of Abu Dhabi, UAE selects the spn | Press Release

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Press Release

Issued by ExecuJet Middle East.

May 22, 2007

Prestige Jets of Abu Dhabi, UAE selects the spn

VIP executive jet company, Prestige Jets of Abu Dhabi, has concluded a sale with ExecuJet Middle East for two spn light jets from Grob Aerospace. Agreement on the purchase was reached on the eve of EBACE 2007 following initial discussions during the MEBA Show in Dubai earlier this year,

Representing the first sale of an spn to a Middle East client, the contract for the first aircraft was signed by Niall Olver, CEO of ExecuJet Aviation Group and Faris Deeb, Managing Director of Prestige Jets a subsidiary of the Al Yasi Group. Grob Aerospace returns to EBACE this year, showing the Spn's all new Porsche Design Executive VIP Interior.

The agreement for the second aircraft was signed by His Excellency Sheikh Ghaith Bin Hamel Al Ghaith Al Qubaisi, founder of Al Yasi and the founding partner of Prestige Jets.

Both spn aircraft will be based in Abu Dhabi. The second of the two aircraft will focus on running regular shuttle services between Abu Dhabi and the Al Yasi steel factory in Suhar, Oman. Suhar Airport is runway-restricted and the spn's unique operating characteristics are ideal for these operations. Both aircraft, which call for delivery in 2009, will be operated by Prestige Jets for commercial use.

The deals were orchestrated by ExecuJet, the exclusive sales agent outside North America and distributors of the spn in the region, through the company's regional office in Dubai, ExecuJet Middle East. "This sale is testimony to both the spn's suitability to serve emerging markets in the Middle East and the general buoyant conditions for executive jets in the region.

This was very evident at the recent MEBA Show where we had a lot of interest in the spn." said ExecuJet Middle East Managing Director Mike Berry. "Middle East customers are catching on to the viability of smaller jets as valuable business tools. We are delighted to have won Prestige Jets as a customer and we look forward to working with them very closely in the run up to service introduction and beyond."