Honda Aircraft Company Begins European Sales of HondaJet With Plans for Exclusive Regional Sales and Service Network

GENEVA, SWITZERLAND, May 20, 2008 - Honda Aircraft Company, Inc., today began European sales of the HondaJet advanced light jet at the European Business Aviation Convention & Exhibition (EBACE) by introducing its first customer in the region - F-1 racer and business entrepreneur, Jenson Button. To provide sales and service support to its customers in Europe, the company announced that it will establish a new European network of three HondaJet-exclusive sales and service centers.

Honda Aircraft Company also announced an expansion of its relationship with FlightSafety International, the world's leading pilot training company, to provide its customers with flight training in Europe. Further, Honda debuted a new in-flight entertainment (IFE) system concept with cutting-edge features.

"Europe is one of the world's fastest growing markets for light jets and we have a great number of customers who have contacted us over the past two years about owning a HondaJet," said Michimasa Fujino, Honda Aircraft Company president and CEO. "We approached the selection of our sales and service partners with great attention to detail. And I tried to find people with a challenging spirit, who share our passion for this product and our passion to create a new and higher standard for the private jet aircraft ownership experience in Europe."

HondaJet European Sales and Service Network

Advancing its commitment to provide HondaJet customers with class-leading levels of satisfaction in sales and service support for light jets, the company is partnering with three European companies to establish a network of stand-alone, state-of-the-art centers dedicated exclusively to the sales and service of HondaJet. These new regional facilities are scheduled to begin operation in late 2012 in time for the first European HondaJet deliveries, and will be strategically located in close proximity to customers in the regions surrounding the U.K., Germany and Spain.

Northern Europe and the United Kingdom: Honda Aircraft Company will partner with TAG Aviation SA to establish HondaJet U.K. & Northern Europe at Farnborough Airport, U.K. This HondaJet facility will provide sales and service support for HondaJet customers from the United Kingdom, Ireland, Belgium, Netherlands, Luxembourg, Norway, Sweden, Denmark and Finland.

Central Europe: Honda Aircraft Company will partner with Rheinland Air Service GmbH to establish HondaJet Central Europe in Frankfurt, Germany. Central European HondaJet customers from Germany, Austria, Switzerland, Liechtenstein, Czech Republic, Hungary, Poland and Slovakia will be supported by HondaJet Central Europe.

Southern Europe: Honda Aircraft Company will partner with Aviastec to establish HondaJet Southern Europe in the Madrid area of Spain. HondaJet Southern Europe will accommodate the needs of customers from Spain, Portugal, France, Monaco, Italy, Greece, and Turkey.

First HondaJet Customer in Europe - F-1 Racer Jenson Button

Joining Honda at the announcement was F-1 racecar driver Jenson Button, who is forming a new aviation charter business and has placed orders for two HondaJets to support this new business venture. Button will take first delivery in late 2012.

"We are very enthusiastic about the future potential of the flight charter business and the unique capabilities of the HondaJet in helping us achieve a successful launch of this new enterprise," said Button. "I am especially impressed with the many advanced technologies on HondaJet that provide class-leading performance, efficiency, and agility without sacrificing environmental concerns. My personal experience with Honda and its dedication to performance, quality and engineering excellence in every detail clearly demonstrates the value in flying HondaJet."