Press Release

Issued by Textron Aviation Zurich Service Centre.

June 14, 2007

More than $20 million in charter revenue was generated in 2006 for 12 clients in Jet Aviation's aircraft management program in the U.S. and Europe. The company now manages more than 200 aircraft in Europe, the Middle East, Asia, (EMEA) and North America, with 19 new aircraft recently joining Jet Aviation's global management fleet. Ten of these owners have made their aircraft available for charter.

"What makes Jet Aviation aircraft management services so attractive is in addition to professionally managing their aircraft, as one of the leading charter services companies in the world, we can provide owners with substantial charter revenue," said Robert Seidel, senior vice president of Jet Aviation's aircraft management and charter services in North America. Juerg Reuthinger, EMEA's aircraft management senior vice president and general manager adds, "Historically, our clients in the EMEA region always have been hesitant to share their aircraft with others. This, however, has changed within the last few years as we are able to generate income for aircraft owners which help them to offset some of their operating costs."

The 19 new aircraft recently joining Jet Aviation's global management fleet include two Boeing Business Jets, two Bombardier Global Expresses, one Bombardier Challenger 604, one Beechjet, one Challenger 300, one Cessna 680 Sovereign, one Citation XLS, one Hawker 850XP, one Dassault Falcon 2000EX EASy, one Dassault Falcon 100, one Falcon 2000, three Gulfstream 300, and one Learjet 60.

In North America, Jet Aviation offers an alternative program to aircraft owners who wish to retain full management of their aircraft, but seek additional charter revenue. Through the company's successful Partnership Program, Jet Aviation can provide substantial charter opportunities to those operators and has recently added three Gulfstream IV-SP aircraft in Chicago, IL; Portland, OR; and Hartford, CT to its program.