Elite Jets showcases Raytheon Aircraft Company business jets at Dubai International Airport

5 November 2006 (Dubai, UAE): Elite Jets, the Dubai-based luxury business jet sales, management and charter company and exclusive dealer of Raytheon Aircraft Company (RAC) Beechcraft and Hawker aircraft in the UAE, is showcasing a range of RAC business jets to prospective customers in the UAE at demonstration events at Dubai International Airport, over three days in November. Senior executives from RAC in the U.S. and Europe are also in the UAE to support Elite Jets.

The Dubai events feature a static display showcasing the Hawker 4000 and Hawker 850XP aircraft. Also present is the Beechcraft Premier IA aircraft, which is currently touring the region with Beechcraft pilot and former NASA Space Shuttle commander, Robert 'Hoot' Gibson.

Elite Jets already operates two Hawker 850XPs as part of its charter fleet, having completed sales of both aircraft this year - one to a Kuwaiti company and the other to a Sharjah-based company. A third Hawker 850XP joins the Elite Jets fleet in December, on completion of the sale.

Paras Dhamecha, CEO of Elite Jets, commented: "Elite Jets' relationship with Raytheon Aircraft Company is developing rapidly as we start to realize the potential of the region for luxury business jets. The Dubai demonstrations, with three aircraft, are a clear sign of the significant commitment to the region by Raytheon Aircraft Company and, together, we will be meeting a number of serious potential buyers. We have already had additional enquiries about the Hawker 850XP and we believe that the flagship of the Hawker line, the Hawker 4000, will also generate a lot of demand. The most advanced super-midsize business jet with composite fuselage, tremendous range, versatility and luxury refinements, the Hawker 4000, is taking the Hawker range to a new level."

Through Elite Jets, Raytheon Aircraft Company is putting the major business and leisure centres of the Middle East, Western and Eastern Europe, Indian Sub Continent, Indian Ocean and Africa within easy reach of Dubai and regional hubs.

Universally known for their quality, and reliability, all Beechcraft and Hawker products offer spacious and comfortable cabins, large baggage capacity and excellent operating costs - all backed by world-class service and support. Raytheon Aircraft Company has over 100 authorized service centers worldwide and over 3,000 field service representatives across the Globe committed to Beechcraft and Hawker service.

"The Beechcraft and Hawker brands are known the world over for their quality and reliability," said Brad Hatt, president, Commercial Aircraft, Raytheon Aircraft Company. "Our international sales have always been a strength for us and we continue to place an emphasis on growing the international market."

The Beechcraft and Hawker range of business jets are well-suited to the needs of the Middle East region and are attracting a lot of attention from companies and private individuals. "The Middle East market for private air travel continues to grow rapidly, driven by the economic boom that we are experiencing across the region and which we can see clearly from our extensive jet charter operations," said Paras Dhamecha of Elite Jets. "Our aim is to convert the demand for private air travel into aircraft sales, in the leisure and corporate sectors. Companies in the region increasingly recognise the role of the business jet as a highly flexible and convenient means of private,

executive air travel and as a revenue-generating asset. Aircraft sales help grow our air charter business, as these newly acquired aircraft join our managed charter fleet."

New investment is also going into infrastructure for private air travel in the region. "The new Executive Flight Terminal at Dubai International Airport is an impressive new VIP facility with first class amenities and will help secure Dubai's position as the regional hub for private business travel," concluded Paras Dhamecha.

-Ends-

Notes to editors
The number of private jet movements* in and out of Dubai International Airport increased by 57 per cent in 2005 (6,216), compared to 2004 (3,940) and movements in the first quarter of 2006 were 24 per cent ahead of the first quarter of 2005 - the projected total for 2006 is 6,900 (11 per cent increase over 2005). The number of private business jets available for charter in Dubai is approximately 10 and this number is set to rise. As the number of luxury hotel and residential developments in Dubai increases alongside the high level of business activity, private air travel is set for strong growth in the leisure sector.

*Statistics from Executive Flight Service, Dubai International Airport.

About Elite Jets
Elite Jets is a luxury private jet operator based at Dubai Airport Free Zone. It was granted an Air Operator's Certificate (AOC) by the General Civil Aviation Authority (GCAA) in Dubai, in November 2004, allowing the company to operate from Dubai International Airport. The company is backed by experienced aviation industry players. Founding partners are National Airways Corporation - one of the largest general aviation companies in Africa; and the Dubai based JML Investment Group.

www.elite-jets.com

About Raytheon Aircraft Company
Raytheon Aircraft Company designs, manufactures, markets and supports Beechcraft and Hawker aircraft for the world's commercial and military markets. The company's vision is to be recognized as the world's leading general aviation manufacturer, always making quality and customer service and support our highest priorities. The company's headquarters and major facilities are located in Wichita, Kansas, with other manufacturing operations in Salina, Kansas, and Little Rock, Arkansas. The company leads the industry with over 100 authorized service centers worldwide.

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