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FBO Riga

Press Release

Issued by FBO Riga.

April 28, 2010

Official opening ceremony of FBO in Riga

The official opening ceremony of the first purpose built business aviation hangar in The Baltic states and Scandinavia took place on Thursday 22nd April 2010 at Riga airport.

As reported by the holding company FCG Ltd (Flight Consulting Group) the new joint venture of FBO RIGA began its existence as the result of the efforts by three separate entities, those being the Baltic Business Aviation Centre Ltd, FCG Ltd (Flight Consulting Group) and Triangel Ltd. A major purpose of FBO RIGA is the creation of the first Fixed Base Operator in The Baltic states.

Mr. Rick Hooper is heading FBO RIGA. He was previously with NetJets Europe as their FBO Relations Manager where he was responsible for ensuring the world's largest business jet operator received the very best standards of customer service and ground services support.

FBO RIGA has been created with sole intention of providing the very best in service to the business jet industry; serving major companies with large corporate fleets, private jet operators, all passengers of private aviation and the crews. The complex total area covers 3700 m2 and includes a two-storied building (1200 m2) and the adjoining business aviation hangar (2500 m2).

From the very start the Company has devoted much of its time and energy in seeking out and attracting well known western fleet operators as well as private business jet owners. Through such efforts they have already secured over 30 aircraft using Riga International Airport as a base and since the hangar was commissioned the number of operations has already increased by 10%.

The opening of a unique hangar project at Riga International Airport is the first step towards a complete modern FBO/General Aviation Complex that will serve all executive visitors to Riga International airport.

The multifunctional heated aviation hangar is able to house all types of executive aircraft up to the size of a Boeing Business Jet (BBJ) and Airbus Corporate Jet (ACJ), as well as the normal examples of Learjet, Hawker, Falcon, Challenger, Global Express and Gulfstream. It will be used to not only house aircraft away from the elements but also for servicing and a variety of levels of maintenance.

FBO RIGA has already signed agreements with the largest European business aviation operators to use the facilities.

The General Aviation Terminal begins operation in July 2010. It will be the first of its kind in the Baltics to provide the full complex of services for business aviation at the same high level as London, Paris, Vienna and Vnukovo airports. The terminal comprises of two levels, occupies 1200 m? and is adjacent to the business aviation apron. The halls will be equipped with immigration desks and with local control systems. There will be two VIP lounges, duty-free shop and a branded bar. The briefing area and rest room for crew are also located on level one.

The founders of the enterprise emphasize the additional benefits of Riga Airport, Latvia such as useful geographical location, Latvia belonging to the European Union, a loyal language environment, high quality of service, a loyal pricing policy, excellent route network available to crew, on-site engineering and close transportation logistics.

All of the above when considered in conjunction with the favorable approach of the Latvian Aviation Authorities and the changes in the European business aviation market make Riga the ideal place for Private Jet Companies to base part of their fleet, carry out maintenance and form partnerships in the area.