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Experience The Difference VISTAJET MAIDEN FLIGHT OUT OF

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                                                                  Experience The Difference



VISTAJET'S MAIDEN FLIGHT OUT OF THE ALL-NEW SUBANG SKYLOUNGE BRINGS MALAYSIA ONE-STEP CLOSER
TO BECOMING THE REGION'S CORPORATE AND GENERAL AVIATION HUB

-    Vistajet Commits US$60 Million Investment and Makes SkyPark Subang Its Regional Hub For Flight Operations
-    All Private Jets and Aircraft, In Bound To Malaysia Or Outbound, To Embark And Disembark At The SkyPark Subang Skylounge




KUALA LUMPUR --- Malaysia has made a phenomenal and pivotal start towards achieving its goal in becoming the
region's corporate and general aviation hub with the completion of a world class fixed based operations (FBO) in Subang
and successfully attracting the world's leading private jet company VistaJet in making Kuala Lumpur its regional base for
Asia.

VistaJet, an industry leader and one of the world's most successful and fastest growing international companies offering
private jet charter made its maiden revenue flight out of the newly-completed Subang SkyLounge on 1 May 2008.

Located at Terminal 3 in Subang, the SkyLounge is a separate, exclusive and private wing featuring meeting rooms, a
luxury lounge with food and beverage facilities for private jet passengers, a private VVIP lounge, a cigar lounge, a bar,
kitchenette, toilets, shower and changing room facilities, a gym, surau as well as a crew lounge and rest area.
 It also houses its own immigration, customs and quarantine (ICQ) facilities for absolute convenience. Vehicles access to
the SkyLounge is also via a separate entrance for uncompromised privacy and security.
When fully operational, passengers of all private jets and aircraft, in bound to Malaysia or outbound, will embark and
disembark at the SkyLounge.

VistaJet's commitment to Malaysia and the Asian region meanwhile, come in the form of an initial US$60 million
investment where two Bombardier Challengers (the Challenger 605 and a Challenger 604) will be permanently based in
Subang SkyPark.

Its decision to make Subang its regional headquarters was based on Malaysia's vision and commitment to develop its
business aviation industry. This was also in line with the company's plans for expansion in which it wants its aircrafts to
serve the Asian region on a more permanent and regular basis.

"Malaysia has enjoyed a very successful commercial aviation industry but what was missing was corporate aviation that
seemed to lack focus. This was something we needed to kickstart and that brought us together with VistaJet, and within a
span of just two months, we have successfully created a world class FBO in Subang to serve corporate and general
aviation needs," said Subang SkyPark Sdn Bhd Executive Director Datuk Ravindran Menon.

The aggressive drive to establish a corporate and general aviation hub in Malaysia had led to the signing of a
memorandum of understanding between Subang SkyPark and VistaJet in Langkawi in December 2007 during the
Langkawi International Maritime and Aerospace Exhibition.

With approximately 2,600 aircraft movement in and out of Kuala Lumpur per year at the last count, Ravindran is confident
of at least a 30 per cent growth as customers are presented with more choices in terms or air travel.

Subang SkyPark Sdn Bhd has a 59-year lease from Malaysia Airports Holdings Berhad to develop Subang Terminal 3
into a corporate and general aviation hub, and in realizing the Government's aspiration to establish a Malaysia
International Aerospace Centre (MIAC).

Construction of a maintenance repair overhaul (MRO) operations on a 30-acre land at Subang SkyPark is also scheduled
for completion by the first quarter of 2009. The MRO will also include hangar facilities.

A number of leading companies in the aviation industry have already expressed their interest to base their operations at
Subang SkyPark, a move that would essentially extend significant cost benefits and savings to local aviation players.
Besides Singapore, there is currently no other facility in ASEAN that caters for the maintenance, repair and overhaul of
corporate jets.

Subang SkyPark is also undertaking a six-month RM35 million refurbishment of Terminal 3 designed to give the facility -
first built in 1993 - a brand new image and return it to its bright spot on the global aviation map. The refurbishment
exercise will see facilities being enhanced for the comfort and convenience of travelers of both FireFly and Berjaya Air.
"Vistajet is proud to be part of this success team. We were introduced to Subang Skypark by Bombardier (Vistajet is
Bombardier's single largest customer for aircraft) when we were looking for a partner for our geographical expansion in
Asia and it culminated with the signing of a landmark agreement at Langkawi last year," said Flohr.

He underlined that the business of corporate and general aviation is also experiencing exponential and phenomenal
growth worldwide similarly in the Asian region.

Asia now accounts for some 5,000 units, or 38 per cent, of the 14,000 units of private jets operating across the globe. In
Malaysia alone, there are 27 privately owned jets. In the United States for example, corporate ownership and leases
have jumped nearly 70% since the early 1990s. Nearly 16,000 companies operate their own aircraft; thousands more
have fractional ownership through providers.

In the month of March alone, VistaJet raked in some 900 hours of revenue flight time and it expects to record some
30,000 hours by the end of the year. The company is also projecting to clock between 75,000 and 80,000 revenue flight
hours by 2012.

In cities like Moscow for example, VistaJet records in the region of 50 to 70 aircraft movements per day as opposed to
when it first began its service in 2003 where there were only two to three flights per day. In 2007, VistaJet flew into
Moscow more than 1,000 times.

At the moment, flights within Asia contribute about 5 per cent to 8 per cent of VistaJet's total revenue. Flohr expects this
segment to contribute at least 1/3 to the company's revenue over the next few years.

"You have to abandon the concept of executive or private jets being glamorous and that it is only associated with
celebrities – it is today more importantly, an efficiency tool for leading entrepreneurs in a country, enabling them to
maximize on their time while covering huge land masses sometimes several hours apart."

With 22 aircraft, VistaJet is planning for some 50 medium to ultra-long range aircraft by 2011. In 2007, VistaJet, also
ordered 3 Airbus Corporate Jetliners (ACJs). With safety and efficiency being paramount, VistaJet's fleet of state of the
art jets has an average age of less than two years.

Flohr attributed the company's profitable business model in the aviation industry in its ability to reduce non-revenue
flights or "empty legs". Only 6 per cent of last year's total flights were unpaid or non-revenue flights. Because VistaJet is
strictly for charter, its aircrafts are constantly in the air.

While it is as simple as booking an aircraft for one-off flights, Vistajet also offers clients exclusive packages that enable
them to enjoy significant savings in the form of designated flight hours per year that offers clients guaranteed availability
around the clock.

The customer has the option to commit to 100, 200, 300 or 400 hours annually without taking on any asset risk. The
customer pays no monthly management fee and only a low occupied hourly fee. There are also several flexible options
ranging from 100 hours guaranteed availability and a 30-month term to 400 hours and 5-year programmes while offering
lower costs than fractional and traditional aircraft leases.

Anyone desiring to fly VistaJet can contact Subang SkyPark Sdn Bhd at 03 62721717

				
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