NEW LOW-COST VOLOTEA TO LINK BUDAPEST AND VENICE MARCO POLO, STARTING APRIL 25th.

Friday 2nd March 2012

The route will be operated three times a week, with fares starting from just €19, taxes included - Volotea will link Europe's small and mid-size cities, bypassing hubs.

Budapest and Venice Marco Polo, 2 March 2012 - Volotea, the airline for Europe's small and mid-sized cities, will start operations at Budapest Airport on April 25th, following the establishment of its first operating base at Venice's Marco Polo airport.

The initial route Budapest-Venice Marco Polo will link the two cities three times a week, every Wednesday, Friday and Sunday. Starting on April 25th.

Tickets are available from today starting at €19 one-way, taxes included, at:

www.volotea.com.

Volotea will become the only operator on the Budapest-Venice route. Volotea will provide 750 weekly seats on the Venice route, 39,000 seats during its first full year of operations.

"We are delighted to welcome Volotea to Budapest," said Kam Jandu, Budapest Airport Director Aviation. "Venice is an excellent addition to our route network and we wish Volotea every success with their exciting new venture."

"Volotea is born to link, via accessible fares and non-stop flight, Europe's small and mid-sized cities, because we believe in enabling easy access to destinations of great cultural and economic interest," said Loredana Tramontano, Volotea's International PR International and Contract Manager.

FIRST BASE IN VENICE:

Volotea, the new European low-cost carrier that concentrates its activity on flights between mid-sized cities, has chosen Venice's Marco Polo airport as its first operating base starting this spring.

The Barcelona-headquartered company will initially base three 125-seat, Boeing 717 in Venice, in order to serve a wide domestic and international network of destinations.

Volotea will link mid-sized cities underserved via direct flights, thus bypassing big hubs with notable economic benefits for both ends of the routes, due to its economical way of flying on a time-saving fashion.

Volotea has been founded by Carlos Muñoz and Lázaro Ros, previously co-founders of Vueling Airlines (today Europe's third-largest low-cost carrier). They respectively hold the positions of CEO and Director General.

Substantial funding:

Volotea has secured substantial and adequate funding from the founding and management team and, also, from three top private equity firms:

• CCMP Capital Advisors, a leading private equity firm specializing in upper-middle market buyouts and growth equity investments in the U.S. and Europe, with offices in New York, London and Houston. CCMP Capital was formed in 2006 by the former buyout and growth equity investment professionals of J.P. Morgan Partners, LLC (a private equity division of JPMorgan Chase & Co). The founders of CCMP Capital have invested over $13bn since 1984.
• Axis Participaciones Empresariales, a wholly-owned subsidiary of Spain's Instituto de Crédito Oficial. Having invested €250m in over 130 operations since 1986, Madrid-based Axis is the oldest venture capital operator in Spain.
• Sinaer Inversiones, an aviation-investment vehicle partly owned by Corpfin Capital, an independent private equity firm which focuses on Spanish growth companies. Madrid-based Corpfin was founded in 1990 and currently manages assets worth €400m.
• In keeping with the European Union's airline ownership rules, European investors hold the majority of Volotea's capital, as well as the airline's effective control.

www.bud.hu