JetBird Appoints Carsten Dettmar as Head of Finance

JetBird (´JetBird´ or the ´Company´), the first Pan-European, low
cost air-taxi operator, today announced the appointment of Mr Carsten
Dettmar as Head of Finance as of 1st February, 2008. Mr. Dettmar will
join JetBird from Air Berlin, where he was Head of the Treasury
Department. Air Berlin is a German low cost airline operating both
long and short haul flights to an extensive range of European and
international destinations.

Carsten Dettmar, a German national, joined Air Berlin in 2001 as
Head of Controlling and Aircraft Finance. He was responsible for
financing activities within the group including establishing and
deepening relationships with financial institutions. In April 2006,
Carsten was appointed Head of the newly established Treasury
Department within Air Berlin. In addition to his previous duties he
assumed responsibility for risk and cash management. During his tenure
at Air Berlin Carsten was also involved in the company´s 2006 IPO and
their successful acquisition of the Dusseldorf-based charter airline,
LTU.

JetBird CEO, Stefan Vilner commented "We are delighted to announce
the appointment of Carsten as JetBird´s Head of Finance. Carsten´s
expertise in aviation industry financing will be invaluable to JetBird
as we obtain financing for our first aircraft and bring our product to
market"

He added "In addition, Carsten´s experience in the German aviation
industry will be of great benefit as we intend to establish one of our
first aircraft base in Germany".

He concluded "Carsten´s appointment strengthens the JetBird
management team and our combined experience in the low cost airline
industry will be key to developing a low cost model at JetBird while
delivering a superior level of comfort and service for our customers."

Carsten Dettmar, incoming JetBird Head of Finance, added "I am
delighted to be joining Stefan and the team at JetBird. JetBird has a
very exciting proposition that will transform private air travel in
Europe. I look forward to helping bring our product to market
particularly in my home country of Germany, where we will establish
one of our first operating bases."

About JetBird

Commencing operations in April, 2009, JetBird will become Europe´s
first true low cost executive jet taxi operator, offering a private
jet experience at up to 50% less than current branded operators.

With a fleet of best-in-class Embraer Phenom aircraft based at a
number of demand centres around Europe, JetBird will transform
European private air travel by offering on-demand private jet charter
at a price that offers true value for money. JetBird will provide
direct, affordable private travel to individuals and companies that
cannot afford the time, inconvenience and expense of scheduled airline
connections.