Jet Aviation Basel signs completions contracts and letters of intent (LOI) for 9 wide and narrow body aircraft

The company also confirmed that it has begun construction of a new 9,600 square meter wide-body hangar to be completed in the first half of 2008. This year, the Basel completions center delivered a Boeing 747- 400, two Airbus ACJs, one Avro RJ70, a Boeing 727 and 13 Dassault Falcon 50, 900 and 2000 aircraft with VIP interiors to customers.

"Since this year's EBACE and over the course of the summer there has been a great concerted effort to complete the negotiations and sign new completions contracts and LOIs for nine additional wide and narrow body aircraft. We are very pleased with the trust and confidence customers place in our capabilities and the
quality of our work," said André Wall, COO of Jet Aviation EMEA and Asia, adding, "to handle this unprecedented high demand and to meet the ambitious deadlines for aircraft delivery through 2014, we will open a new wide-body hangar in Basel in the first half of next year and create more than 200 new jobs."

In addition to the new completions contracts, Jet Aviation Basel will also outfit more than 20 green Falcon jets annually on behalf of Dassault Aviation. Currently, the facility is working on VIP interiors for a B757-200, an Airbus A330-200, a B747-400, and ten Dassault Falcon 900 and 2000 aircraft that will be delivered within the next nine months.

Norbert Marx, senior vice president and general manager of Jet Aviation Basel said, "Within the last few months we have invested heavily in our facilities, employees and processes and are well prepared to meet these future challenges. We will continue to accept further completions business, however only to the extent that we can schedule them without compromising the quality of our work."

Jet Aviation Basel is a world-renowned completion center. Established in 1967, the location today employs more than 1,400 professionals and is currently building a new wide-body completions hangar at the south
zone of the airport large enough to accommodate an A380 and a Boeing 747-8. The facility has in-house design and engineering departments, along with on-site cabinetry, upholstery, fiberglass and paint shops.

The facility is capable of outfitting jets as large as an Airbus A380 or the Boeing 747-400 series and has already completed several Airbus 319ACJ, A320 and Boeing B737, B757, B767 and B747-400 aircraft. Jet Aviation Basel also provides aircraft maintenance and repair services to a wide variety of business jets. It is a factory approved service center by Airbus, Boeing, Bombardier, Dassault, and Gulfstream. The location also holds a jet aircraft repair station rating by the FAA (Repair Station #QV1Y440K), and the EASA part 145
Maintenance Organization (#CH.145.0232) in addition to approval certificates of 21 other national aviation authorities.

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