NovaJet announces acquisition of Embraer Phenom 100E

Toronto, ON, July 17, 2014

For Immediate Release:
NovaJet announces acquisition of Embraer Phenom 100E to it's fleet of private jets for quick trips throughout North America

NovaJet, a full service jet charter, management, and acquisition aviation company with headquarters in Toronto, has an addition to their Air Operator's Certificate (AOC) with the acquisition of the Embraer Phenom 100E light jet and its availability for charter.

The intelligent luxury of the Phenom 100E's cabin and cockpit is the result of Embraer's collaboration with BMW Group DesignworksUSA, and sets a new standard for beauty, comfort and effortless symmetry. The Phenom 100E was named best-in-class jet by the Robb Report, having redefined the entry-level and light jet segments with the latest generation technology, safety, performance and reliability. NovaJet's VP & Director of Flight Operations, Greg Young highlights "the Phenom boasts environmentally friendly emissions with an average of 33% less CO2 than older aircraft and 13% less than the nearest competitor."

Phenom jets are flown in 37 countries by 400 customers and offers more value-larger cabins, faster speeds and better loads-for less money according to Flying Magazine. Perfect for trips to New York, Montreal and Boston, the cost-efficient Phenom 100 is less expensive to operate than many leading turboprops. Philip Babbitt, President and CEO reiterated, "benefiting from operational savings, NovaJet now offers another new jet with cost effective pricing for quick trips throughout North America." With a spacious 4 club seat configuration, largest cabin and windows of its category, and an available refreshment centre, clients will arrive at their destination feeling energized. Trip experiences will be further enhanced by onboard entertainment systems, intelligent climate control and plenty of cargo capacity.

About NovaJet
NovaJet Aviation Group offers full service aircraft charter, aircraft management, and acquisition services to domestic and international organizations. With multiple aircraft based out of the Landmark FBO facility at Toronto's Pearson International Airport, NovaJet's business operations are available 24 hours a day x 7 days a week. They offer light, medium, heavy jets as well as helicopter aircraft for charter anywhere in the world. NovaJet is more than just a private jet charter company; they are a fiscally responsible solution for all executive corporate travel. www.novajet.com

NovaJet is one of the Wise Group of Companies, which has developed a broad portfolio of organizations from such diverse industries such as real estate management and development, insurance, aviation, venture capital and charitable foundations. www.wisegroup.ca