HUGH PARRY RETURNS TO ASTRAEUS AIRLINES LIMITED.

ASTRAEUS AIRLINES

COMMERCIAL AIRCRAFT SOURCING AND MANAGEMENT

PRESS RELEASE

October 21, 2011.

HUGH PARRY RETURNS TO ASTRAEUS AIRLINES LIMITED.

Hugh Parry, one of the founding directors of Gatwick-based aircraft management and leasing company Astraeus Airlines Limited, has returned to the business as Chief Executive.

Hugh, along with five other owner-directors, set up Astraeus in 2002 but left in 2007 to pursue ventures in India, China and across Europe. He is already in place at Astraeus’ Crawley headquarters, and takes over the role from Mario Fulgoni who left the business in August.

“It’s great to be back, and while there are exciting and challenging times across the aviation industry, Astraeus is well-placed to make the most of the environment, with an experienced and established team of people responsible for one of the most respected and reliable aircraft leasing and management offerings in the world,” said Hugh.

Hugh Parry is a UK Chartered Accountant. After qualifying with Arthur Young and working with Coopers & Lybrand and Ford Motor Company in Australia, he worked in the computer business before becoming Vice President Finance of Europe with National Semiconductors.

In 1983 he joined listed company Intasun Leisure Group plc and became a director of Air Europe in 1985, and then group finance director. Air Europe had a fleet of over 30 Boeing 757 and 737 aircraft. Following the demise of Air Europe in 1991 as a result of the Gulf War, Hugh then developed his own company – Fitzroy Aviation – which specialised in restructuring airlines around the world.

One of Fitzroy’s projects was starting British Mediterranean in 1994, which operated A320 aircraft to Beirut, Damascus and Amman. Hugh was its first Chief Executive. British Mediterranean was acquired for £30m by bmi in 2007.

Hugh has been involved at a senior level with airlines including Bahamasair, Qatar, Debonair, British World Airlines and Air Sahara in India.

Astraeus Airlines commenced operations in 2002, employs 250 people and operates a fleet of ten Boeing 737 and 757 aircraft, primarily on ACMI (aircraft, crew, maintenance, insurance) contracts with a number of airlines, including Iceland Express, Thomas Cook, Thomson and bmi. Astraeus has a worldwide Air Operator’s Certificate (AOC) 180 ETOPS and is IOSA accredited. Astraeus is a wholly-owned subsidiary of Eignarhaldsfelagid Fengur HF which also owns Iceland Express.

Ends

Further information:

Iain Macauley

+44 (0)7788 978800 / im@pressrelations.co.uk / www.flystar.com

Twitter @AEU_Astraeus

Twitter @Press-Relations

NEW FLICKR SITE FOR PRESS RELATIONS CLIENTS.

www.pressrelations.co.uk  has launched a new Flickr site from which client photos can be downloaded. Many thanks to www.idealinterface.co.uk for tech advice

Not all clients are featured as yet, but they include:

www.aabplc.com  All About Brands.

www.flystar.com  Astraeus Airlines. Aircraft management and leasing company, providing aircraft to British Airways, bmi, Iceland Express amongst others.

www.ipersonally.co.uk   Birch Abbey Care Home, Southport, and iPersonally dementia care.

www.housingunits.co.uk  Housing Units, a furnishings retailer, retail park and online retailer, including nursery and baby equipment, weddings, carpets and kitchen design.

InnTheBar; pub and bar chain owned by entrepreneur Tony Callaghan.

www.mcbainscooper.com . London-based property and construction design consultancy, including architects, design,QS / quantity surveying, project management, sustainability, data centres.

www.saga.co.uk  , and Emma Soames, editor-at-large of Saga Magazine, and a trustee of the Saga Respite for Carers Trust.

www.sasdaniels.co.uk  commercial law firm, specialising in employment, family, probate, corporate and commercial, personal injury, property, construction.

www.supercoverinsurance.com  , specialist insurer of gadgets, mobile phones, iPhones, iPods, iPads, laptops, satnavs and other high intrinsic value consumer portable equipment.

THE BBC ON A BRITISH AIRWAYS FLIGHT OPERATED BY ASTRAEUS

http://news.bbc.co.uk/1/hi/business/8593582.stm

ASTRAEUS PROVIDES BRITISH AIRWAYS REPLACEMENT AIRCRAFT

http://news.bbc.co.uk/1/hi/business/8575314.stm

ASTRAEUS

COMMERCIAL AIRCRAFT SOURCING AND MANAGEMENT

PRESS RELEASE

March 3, 2010.

ASTRAEUS MOVES INTO SOUTH AMERICA, AND RE-SIGNS bmi AND ITALY DEALS.

Astraeus has made its first inroads into South America with a deal to operate a Boeing 757-200 on behalf of Bolivian carrier AeroSur.

Initially a wet lease deal – Astraeus will provide flight and cabin crew until AeroSur cabin crew have completed training – the arrangement will move to damp with local South American cabin crew taking over.

Based in Santa Cruz, Bolivia, the aircraft will operate on behalf of AeroSur between Miami and Sao Paolo, Brazil. The contract is open-ended, and flights have started.

The deal comes on the back of extensions of damp lease contracts with bmi for a 757-200 based at Heathrow, and with Italian operator Trawel who are flying a Bergamo, Italy, based Astraeus Boeing 737 on domestic and European routes.

“Our business model of operating the aircraft while the airline thinks about filing the seats is proving ever-more successful – in the past year our fleet has been operating on every continent bar the Arctic and Antarctic such is the demand, and the loyalty of our clients who recognise the tremendous commercial sense of adopting such a model,” said Mario Fulgoni, Chief executive of Astraeus.

UK-based Astraeus commenced operations in 2002, employs 250 people and operates a fleet of eleven Boeing 737 and 757 aircraft and one Airbus A320, primarily on contract with a variety of airlines. Astraeus has a worldwide Air Operator’s Certificate (AOC) and is IOSA accredited. Astraeus is a wholly-owned subsidiary of Eignarhaldsfelagid Fengur HF which also owns Iceland Express.

Ends

Further information:

Iain Macauley

+44 (0)7788 978800 / im@pressrelations.co.uk / www.flystar.com