News Release

Oryx Jet - new aircraft management and charter company launches with UK AOC; teams with Rizon Jet at London Biggin Hill Airport

Oryx Jet, a new, majority British-owned aircraft management and charter company, has established its operational base at London Biggin Hill Airport. The company has just secured its Aircraft Operating Certificate (AOC) from the UK Civil Aviation Authority, enabling it to offer public charter services. Its initial managed fleet centres on the Bombardier Challenger 604. Further aircraft types will be introduced as required.

Oryx Jet is majority owned by Mike Bradly Russell, who takes the role of CEO and Finance Director. Oryx's arrival at Biggin Hill complements the activities of Rizon Jet, which will offer a one-stop suite of services to business aviation. Rizon Jet will be able to provide maintenance and technical support on the managed Challengers.

In autumn last year Mike was introduced to Rizon Jet's management and the synergy between senior management was apparent from the outset, he explained: "We have a terrific opportunity to build a strong charter operation at London Biggin Hill Airport and Rizon Jet, also operating from Biggin can support us completely with technical and maintenance services, plus offer our customers a brand new and luxurious FBO facility, which they will enjoy using."

A chartered accountant, Mike Bradly Russell has considerable experience in aviation, primarily in light and general aviation. In the late 1970s he was Auditor of Cabair Group, Europe's largest independent group of flying schools and aviation services. In the early 1980's he was instrumental in the formation of London European Ltd, the first of the low cost operators, which ultimately became part of Ryanair. In 2007 Mike became Group Finance Director of Cabair Holdings Ltd and World Aviation Holdings Limited where he remains as a non-executive director today.

"We congratulate Oryx Jet on this major step in gaining their AOC approval," said Rizon Jet CEO Patrick Enz. "Whilst operating separately, it is the intention that our two companies will work closely together to build support for the wide range of services we plan to offer at the one location."