Press Release

Issued by Athens Executive Aviation.

July 14, 2010

Athens Executive Aviation, based at the Athens International Airport" El. Venizelos", announces the start of its operations since the beginning of the year. Holders of the Hellenic Civil Aviation license for representation and supervision for VIP and business flights, the company offers ground and flight support services in Athens and all Greek airports using Olympic handling as its exclusive handler.

The founder of Athens Executive Aviation, Mr. Panos Stergiopoulos, with a background and an experience of more than 25 years in servicing business and VIP jets (since 1974 when Athens Aviation was initially founded) and by employing experienced and dedicated staff, has formed the new company towards the end of 2009. He has entered the market dynamically in the beginning of 2010, offering a wide range of high quality ground and flight support services based on safety, personalized and friendly service and sound business relationships, in combination with competitive prices.

With the sponsorship of Mercedes-Benz, who provides AEA with "SMART" cars for the staff's movements on the ramp, the company has found a "smart" and practical solution to keep its operational costs low, thus making it possible to offer enticing prices and the ability to compete with larger and renowned competitors.

Athens Executive Aviation operates and offers its services on a 24-hour basis in Athens and in all Greek airports, where its local representatives are ready to service all flights. The Company's valued clientele consists of important operators from Europe, America and the Middle East.