Jet Aviation Appoints Stephan Krenz Senior Vice President and General Manager Jet Aviation Basel

Basel / Switzerland, July 12, 2011 – Jet Aviation has appointed Stephan Krenz as the senior vice president and general manager of Jet Aviation Basel. In this role, Krenz is responsible for leadership of the Jet Aviation Basel facility and for overseeing the entire completions business in the EMEA and Asia region.

Stephan Krenz assumed this new role effective July 1, 2011 and reports directly to Dan Clare, president of the Jet Aviation Group. He joined the company from Bombardier Transportation as interim General Manager of Jet Aviation Basel in March 2011.

Krenz began his professional career as a management consultant with A.T. Kearney and joined Bombardier Transportation in 1995. During his 15-year tenure with Bombardier, Krenz was promoted to vice president of various divisions within the company, including project management and sales, before he was appointed president of the company’s “Germany & Scandinavia” business unit, where he served until 2010. He is a graduate of Hamburg University with a degree in industrial engineering and business administration.

“Stephan brings a wealth of experience and leadership know-how to the company," says Clare, "and his appointment underscores Jet Aviation’s commitment to meeting the highest quality standards while serving the needs of our customers."

Jet Aviation, a wholly owned subsidiary of General Dynamics (NYSE: GD), was founded in Switzerland in 1967 and is one of the leading business aviation services companies in the world. Close to 5,100 employees cater to client needs from 25 airport facilities throughout Europe, the Middle East, Asia and North and South America.

The company provides maintenance, completions and refurbishment, engineering, fixed base operations, along with aircraft management, charter services, aircraft sales and personnel services. Jet Aviation's European and U.S. aircraft management and charter divisions jointly operate a fleet of more than 200 aircraft. Please visit www.jetaviation.com.

More information about General Dynamics is available online at www.generaldynamics.com.