JETCRAFT CORPORATION APPOINTS PROJECT PHOENIX LTD. AND JET TRADING GROUP AS INTERNATIONAL SALES REPRESENTATIVES

Appointments represent major advancement in Jetcraft’s continued
evolution as a leading international remarketer of business aircraft

RALEIGH-DURHAM, NC, March 7 /PRNewswire/ – Jetcraft Corporation, a
provider of business aircraft sales, acquisitions, trading and
brokerage services, today announces two new sales representatives:
Project Phoenix Ltd., based in Dubai, UAE, and Jet Trading Group, based
in Moscow, Russia.

Its new appointments will enable Jetcraft to rapidly expand its global
reach to serve existing and new customers in emerging markets, while
remaining true its corporate values of trust, will and teamwork. The
new representatives will operate under Jetcraft’s leadership as an
extension of the company’s sales team, and leverage regional networks
and local market intelligence in order to further enhance Jetcraft’s
service offerings in these regions.

Founded 49 years ago by Charles “Bucky” Oliver in Raleigh-Durham, NC,
Jetcraft grew and expanded westward, opening six additional offices
across the US. Since first opening for business, Jetcraft has concluded
more than 500 business aircraft transactions.

In 2008, Jetcraft opened offices in Basel, Switzerland in order to
further develop its international growth strategy. In 2010, under the
leadership of President Chad Anderson, Jetcraft completed 45
transactions in more than 20 different countries. The majority of these
transactions were for long range, super large and large business jets.

“The appointment of Project Phoenix Ltd. and Jet Trading Group
represents a major growth milestone in Jetcraft’s evolution as a
leading international remarketer of new and pre-owned business
aircraft,” says Jahid Fazal-Karim, Co-Owner and Board Member, Jetcraft
Corporation. “In recent years, the opportunities for business aircraft
sales in emerging markets have grown considerably. Thus, Jetcraft made
a strategic decision to expand its international reach. Today’s
announcement further exemplifies and strengthens this vision. We
welcome Project Phoenix Ltd. and Jet Trading Group and look forward to
our shared success,” adds Mr. Fazal-Karim.

“We are very pleased to be working with Jetcraft,” continues Mike
Cappuccitti, Authorized Sales Representative, Jetcraft, and President
and CEO, Project Phoenix Ltd. “Jetcraft is a highly-respected company
with a long history of international success. Combining forces with our
strong presence in the Middle East will further benefit customers
looking to buy or sell aircraft.”

“Jet Trading Group welcomes this opportunity,” concludes Mikhail
Goloviznin, Authorized Sales Representative, Jetcraft, and Sales
Manager, Jet Trading Group. “Our unique expertise in Russia and the CIS
states presents an ideal fit with Jetcraft’s international expansion.
Together, we will better serve Jetcraft customers by offering greater
flexibility and choice.”

About Jetcraft Corporation

Jetcraft Corporation is an international leader in new and pre-owned
business aircraft sales, acquisitions and trades. Headquartered in
Raleigh-Durham, NC, Jetcraft has offices in six US cities and in Basel,
Switzerland. Jetcraft has authorized sales representatives in Dubai,
UAE and Moscow, Russia. The company’s 49-year track record in aircraft
transactions has earned it a world class customer base and one of the
strongest global networks in the industry. Jetcraft Avionics LLC, a
subsidiary of Jetcraft Corporation, provides distribution of Enhanced
Flight Vision Systems (EFVS) for aftermarket business and wide body
aircraft using Elbit-Kollsman’s state-of-the-art EVS-II and AT-HUD. For
more information, please visit www.jetcraft.com.

Note to Editors: Mr. Fazal-Karim is available in person for interviews at the Asian Aerospace International Expo and Congress,
Hong Kong, March 8 – 10 and for telephone interviews after the event.
For more information, or to schedule an interview, please contact:

SOURCE Jetcraft Corporation