Peterson Partners

September 30, 2008 Peterson Partners, a leading Intermountain West investment firm, led a $40 million private investment in Jetscape Aviation Group (JAG), a Florida-based company that leases, manages and remarkets commercial aircraft.

Peterson Partners invested $14.6 million in JAG. Other investors included the Frost Group in Miami, FL and Braganza in Oslo, Norway.

Peterson Partners' investment in JAG marks the fourth time the private equity firm has invested in an airline-related company. Its prior experience includes being a founding investor in JetBlue Airways and Azul Linhas Aéreas Brasileiras (Brazil). David Neeleman, founder and CEO of JetBlue, is also an investor in Peterson Partners.

"Peterson Partners has experience in the airline industry and having them on board with Jetscape is an asset that will help us grow," said John Evans, CEO of Jetscape. "Beyond their capital investment and resources, Peterson Partners provides strategic value to our company."

Since it was founded in 2000, JAG has created a niche in the airline industry by purchasing commercial aircraft and leasing those aircraft to various airlines throughout the world. This particular business model has proven effective, particularly during a time of upheaval in the airline industry.

JAG intends to utilize the new investment to increase its growing aircraft lease portfolio. Jetscape's fleet currently consists of 19 owned and managed commercial aircraft on lease to 14 airline operators in 10 countries. It also placed an order in February 2008 for up to 30 new E-Jets from Embraer.

"Financing companies such as Jetscape are vital to the airline industry because they provide a means of acquiring new, more fuel efficient and comfortable aircraft without burdening the airlines with high fixed costs," said Jordan Clements, managing partner of Peterson Partners.

Peterson Partners is currently focused on opportunities relating to the upheaval in the credit markets. "In the current sluggish economic environment, we're seeing opportunities to fill the void created by the disappearance of traditional capital sources," Clements noted. "The Jetscape investment is consistent with that thesis," Clements added.

Peterson Partners' investment of nearly $15 million in Jetscape was made through Peterson Partners V, LP, a recently announced investment fund totaling $120 million in capital commitments. Peterson Partners V anticipates investing these funds over the next three to four years in small-to-medium-sized, high growth businesses across a variety of industries.

About Peterson Partners
Peterson Partners, based in Salt Lake City, Utah is one of the Intermountain West’s most successful private equity firms. Specializing in small to mid-sized companies, Peterson Partners has a track record of successful investments including JetBlue, Making Memories, EnergySolutions, 3form, Cranium, Asurion, Instashred, Winder Farms and Diamond Rental. Founded in 1995, Peterson Partners has managed over $400 million in committed capital through five funds. For more information, visit www.petersonpartnerslp.com.

About Jetscape
Jetscape was founded in 2000 and engages in commercial aircraft leasing, management, remarketing and advisory services providing innovative, custom-tailored solutions to commercial aircraft owners and operators worldwide. Jetscape currently owns and manages 19 aircraft with 14 airline operators in 10 countries on 5 continents. The company also placed an order in February 2008 for up to 30 new E-Jets from Embraer. For more information contact the Jetscape marketing department at 954-763-4737, or visit www.jetscape.aero.