Biggest single order/first order in Middle East for the largest, most technologically advanced aircraft from Gulfstream

Another step towards building a fleet to meet all customer requirements, in terms of luxury, capacity, affordability and range.

EBACE, 20 May 2008 - Abu Dhabi-based Prestige Jet's ambitious expansion programme took another major step forward when the company announced its intention to add five Gulfstream G650 aircraft to its fleet.

Prestige Jet and Gulfstream signed a Letter of Intent (LOI) at the European Business Aviation Convention and Exhibition (EBACE) in Geneva (May 20-22). It is the first and largest order in Middle East for the largest, most technologically advanced aircraft in the Gulfstream fleet. The five aircraft will significantly enhance Prestige Jet's customer offering.

Faris Deeb, Prestige Jet's Managing Director said that the Gulfstream G650, with its ultra-large cabin and ultra-long range, adds a new dimension to the company's portfolio and reinforces its plan to offer VIP aircraft to meet virtually all passenger needs.

"This is very exciting announcement for Prestige Jet as it demonstrates our unyielding commitment to building one of the foremost private air charter companies in the region, comprising a young fleet with some of the most advanced aircraft available in the world," he said.

"The G650 is a one-of-a-kind, high-tech, state-of-the-art airborne office that features an unmatched combination of characteristics: the largest and quietest cabin, the longest range and fastest speed and the most technologically advanced aircraft systems. It will allow us to carry between 15-18 passengers, non-stop to destinations such North America or Australia," adds Deeb. "No other Middle East private charter company can offer such a product and service."

The G650 will play a strategically important role in Prestige Jet's growth plans, filling the niche above other ultra-long-range business jets, such as the G550 and Global Express XRS, and below airliner derivatives such as the Airbus ACJ and Boeing BBJ.

The G650 is capable of traveling 7,000 nautical miles at 0.85 Mach or 5,000 nautical miles at 0.90 Mach. And, using an advanced aerodynamic design, it has a maximum operating speed of 0.925 Mach, which will make it the fastest civil aircraft flying. It can climb to a maximum altitude of 51,000 feet, allowing it to avoid airline-traffic congestion and adverse weather.

"The cabin is well equipped to accommodate every 'middle east' requirement," says Deeb. "In fact capacious is the most appropriate way to describe it. The aisle is wider, the chairs are larger and with any one of a dozen cabin configurations to choose from. We can give passengers 4.3 feet more cabin length and greater leg space."

Under the terms of the LOI Prestige Jet will receive the first G650 in 2012, subject to Gulfstream's aircraft development schedule.  The first flight of the aircraft is scheduled for the second half of 2009 and this will be followed by Federal Aviation Administration (FAA) Type Certification and validation by the European Aviation Safety Authority (EASA) in 2011

Prestige Jet - Platinum sponsors of the Middle East Business Aviation (MEBA) Expo

- November 16th -18th 2008

Prestige Jet was formed in early 2007 and offers its clients an exclusive and seamless experience of chartering executive jets within the Middle East and beyond. The company is actively engaged in expanding its aviation services and supports the growing need for luxury private travel around the region.

Prestige Jet aims to own a mixed fleet of aircraft for its own and clients' use, whilst its sister company Prestige Air Charter, will promote and expand the fleet and offer adhoc brokerage business throughout the region.

www.prestige-jet.com

-Ends-

Issued on behalf of Prestige Jet by Borouj Consulting.  For further information contact:
David Baker, Country Manager,
Borouj Consulting
T: +9714 3403005 ;
M: +971 50 650 3459
e-mail: david@boroujconsulting.com

Noha Al Kafrawi,
Account Executive,
Borouj Consulting
T: +9714 3403005 ;
M: +971 50 503 5011
e-mail: noha@boroujconsulting.com

Tareq Deeb,
Marketing Manager,
Prestige Jet
T: +9071 2 626 9998;
M: +971 50 835 4859
e-mail: tareq@prestige-jet.com

© Press Release 2008