Press Release: 00006

22 October 2009

Source: http://www.blueskyexecutiveaviation.co.uk/articles/jetbrokers_europe.htm

Drawing on 16 years' of trading pre-owned business and general aviation aircraft, JetBrokers of St Louis, Missouri, USA, one of the industry's leading aircraft brokers, announced at NBAA this week the launch of JetBrokers Europe.

Headquartered in the UK and Switzerland, its mission mirrors that of its US associate company - to ratify the best aircraft deal for the purchaser or seller they represent and in so doing add repeat business to their extensive client list.

JetBrokers Europe is headed by John Merry, the company's Chairman and key investor, based in Switzerland and Tim Barber, Managing Director, based in the UK. They will offer a portfolio of pre-owned private jets, business turboprops and helicopters, so becoming one of a select few brokers with transatlantic coverage, affording clients marketing and sales potential on both sides of the pond.

JetBrokers Europe complements the highly successful US business and is well positioned to work with buyers and sellers in a market fragmented with relatively few corporate players present. "We have discussions underway in the UK, Switzerland, Italy, France, Germany, Scandinavia and throughout CIS. Interest is ranging from entry level jets and business turboprops all the way up to a Falcon 900EX. We're talking to a good number of buyers as well as to sellers," said Tim Barber.

JetBrokers Europe clients will be individuals looking for the best aircraft at competitive prices, and corporate jet operators who are seeing pre-owned business aircraft at prices lower than they have been in years. The business will offer a full range of sales and purchasing services in Spanish, French, Italian, and German, as well as English.

JetBrokers in the USA has established, set and will continue to maintain the highest ethical standards. JetBrokers Europe is dedicated to bringing these refined 'best-business' practices to this side of the Atlantic Ocean.

JetBrokers Europe will endeavour to ensure each client is clearly and transparently guided through the complexities of purchasing or selling an aircraft, calling on the expertise the organisation has in acquisition and disposal, evaluation and appraisal, market knowledge, market research, resources and marketing. JetBrokers Europe plans to work with a number of associates specialising in finance, law and MRO to eventually offer a one stop shop in supporting aircraft acquisitions. "We have established dialogues with a number of like-minded companies," says Tim Barber.

Wide portfolio of aircraft

The current portfolio of in excess of 40 business jets, turboprops and helicopters will appeal to a variety of budgets and mission profiles. "We are very excited about the launch. JetBrokers Inc have continued to transact a good number of aircraft on behalf of both buyers and sellers throughout the recession and now with the appearance of an ever increasing number of green shoots, we are well placed to benefit from the improving confidence in the market." said Barber. John Merry added: "With inventory levels stabilizing, we are seeing more interest and real buyers. They understand now is a good time to buy. Great aircraft are available for excellent prices, whilst we anticipate that next year there will be less choice and prices may continue to increase, particularly for the most sought after variants."

Tom Crowell Jr., President of JetBrokers Inc said. "Having a wider representation in Europe will enable us to offer a more tailored service to our European clients and expand the exposure of our existing clients aircraft. While the European business jet market is considerably smaller than the US Market, we anticipate a good level of growth over the coming years. NBAA is the ideal event to announce such a venture and we are confident that our clients and prospects will find this additional resource of interest.

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