Marshall Aerospace and Defence Group acquires Oxford based FlairJet.

Tuesday 5th March 2013

Marshall Aerospace and Defence Group
acquires Oxford based FlairJet.

Marshall Aerospace and Defence Group today
(5th March) announced the acquisition of 100% of the share capital of FlairJet
Ltd, the London Oxford Airport-based aircraft management and charter company.
Effective immediately, FlairJet will become part of the Group's newly formed
Aviation Services business unit and will continue to be led by Managing Director
and founder, David Fletcher, who now has the backing of one of Europe's largest
privately owned Aerospace and Defence
Groups.

Newly acquired FlairJet, which recently marked its third anniversary, will
run alongside Cambridge Airport based operator Marshall Executive Aviation
(MEA). The acquisition further extends the service offering of the recently
formed JETability brand, offering a 'one call' business aviation solution.
FlairJet's Embraer Phenom aircraft also complement MEA's Cessna Citation XLS,
Citation Bravo and Bombardier Challenger 300 charter fleet.

FlairJet brings a solid relationship with Embraer to the mix. As launch
operator for the Phenom 100 and 300, the company pioneered Phenom operations in
Europe and has managed the acceptance and delivery of a total of 22 Embraer
business jets to date. Commenting on the acquisition David Fletcher says, "We
are excited to be joining one of the most respected and largest privately owned
aviation groups in Europe. FlairJet has strong entrepreneurial spirit and
customer service values and I believe this to be the perfect platform to support
FlairJet's ambitious plans for growth."

Steve Fitz-Gerald, Marshall Aerospace and Defence Group CEO
commented: "I am delighted to welcome the FlairJet team into our Group. This is
the ideal acquisition to complement our expanding business aviation activities
and it will allow us to take full advantage of synergies that exist and skills
that FlairJet bring."

Photo caption: Left: Steve Jones, Managing Director, Aviation Services,
Marshall
Aerospace and Defence Group and David Fletcher, Managing Director,
FlairJet.

• About FlairJet:

FlairJet was founded in 2009 by CEO Captain David Fletcher with the backing
of three prominent London QCs. It obtained its UK AOC in December of that year.

From its base at London Oxford Airport, the company has established itself as
a dynamic aircraft management company operating Embraer Phenom jets, with a
strong track record in charter sales. It recently expanded its AOC to embrace
the Middle East, Africa, the Caucuses and Russia. FlairJet has lent its
technical expertise to Embraer Phenom 100 and 300 operators all around the
world, offering numerous training solutions and to has managed the acquisition,
acceptance and delivery of a total 22 Embraer aircraft.

Marshall Executive Aviation, part of Marshall Aerospace and Defence Group's, Aviation Services business unit, will celebrate its
10th birthday in April this year. The company specialises in business and
private aviation services and offers a diverse range of charter and aircraft
management solutions for a wide range of clients. MEA's fleet includes Citation
XLS, Citation Bravo and Challenger 300 aircraft, which operate out of three main
bases, London Stansted, London Luton and Cambridge Airports. MEA obtained an AOC
extension last year, enabling its Challenger to operate to North and South
America, Africa, the Middle East and Russia.

www.marshalladg.com

www.flair-jet.com