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Wednesday, May 23, 2007

ETIRC Aviation and Atasay Team To Launch Europe's First Jet Taxi Network

"ETIRC Aviation and Atasay Team To Launch
Europe's First Jet Taxi Network

Turkish Business Community to Gain Productivity Advantage from Strategic Joint Venture
EBACE2007

GENEVA--(BUSINESS WIRE)--ETIRC Aviation S.a.r.l. today announced that it has signed an agreement with Atasay, a leading luxury goods company, to provide a jet taxi service for Turkey’s business travelers. The two companies will establish a joint venture which will see the purchase of 120 Eclipse 500 Very Light Jets (VLJs), with options for a further 60. The new joint venture company will be responsible for every aspect of the VLJ service business including plane management and maintenance, plane sales, scheduling, pilot recruitment and training, and customer reservations. The agreement covers Turkey, the Turkish Republics and a broad region around Turkey. All the regional operations will be managed from Turkey."

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