LABACE NEWS: Jet Aviation and Tropic Air Sign Partnership Agreement to Provide Aircraft Charter and Management Services in Brazil and Latin America

Sao Paulo, Brazil, August 13, 2008 – Jet Aviation and Tropic Air of São Paulo, Brazil recently signed a partnership agreement under which the two companies will work together to provide aircraft management and charter services in Brazil and Latin America. Announcement of the agreement came at this year’s Latin American Business Aviation Conference and Exhibition (LABACE) in São Paulo.

The new strategic partnership will support Jet Aviation and Tropic Air’s common goal of increasing market share in the Latin American market for aircraft management and charter services. The agreement allows Jet Aviation to supplement its existing aircraft management and charter support services within the Latin American market, while offering Tropic Air administrative and sales support, as well as customer services training through the existing Jet Aviation structure and resources. Jet Aviation’s worldwide buying power for insurance premiums and fuel discounts as well as its global network of FBO and maintenance facilities will further facilitate the partnership. Tropic Air will continue to hold its Aircraft Operating Certificate, and maintain full operational control of its current fleet and any additional managed aircraft that may be secured in the region through the agreement with Jet Aviation.

“Jet Aviation is pleased to enter into this agreement with Tropic Air, and looks forward to collaborating with them in serving the growing private aviation market in South America,” said Jim Ziegler, COO The Americas for Jet Aviation.

Dr. Michael Rumpf Gail, president of Tropic Air stated, “As a long time client of Jet Aviation, I have been overly impressed by their professionalism and client oriented focus. They bring a high degree of safety and security to every activity and I am deeply convinced that their global focus will bring much needed experience and infrastructure to the Latin American market.”

Jet Aviation 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 over 20 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 support services, aircraft sales and personnel services. Jet Aviation's European and U.S. aircraft management and charter divisions jointly manage a fleet of more than 200 aircraft and coordinated over 65,000 hours in global flight operations in 2007.