Air Touring Group plc
LSE : ATGO

November 12, 2008 07:54 ET

Acquisition of Socata Deutschland GmbH

                                                                                     12/11/2008
                                                                      GB00B1FYZ312/GBP/PLUS-exn

                                       Air Touring Group Plc

                                 ("Air Touring" or "the Company")
                                                 
                              Acquisition of Socata Deutschland GmbH
                                                 
Air Touring Group Plc today announces that Air Touring Ltd (ATL), its wholly owned UK subsidiary,
has acquired the 50% equity stake in Socata Deutschland GmbH ("Socata Deutschland"), which was
held by Rheinland Air Service Werft und Handel GmbH ( RAS).

Socata Deutschland was formed as a 50-50 joint venture company in late 2002, via its acquisition
from EADS (the German and French aerospace and defence conglomerate). Following a review of its
operations and performance over the past year, the parties agreed that the Central European market
and German employees would be better served if Socata Deutschland were to be wholly owned by Air
Touring Ltd.

The total cash consideration for the 50% equity stake is Euro 115,000. The investment in Socata
Deutschland allows for greater extraction of synergies of Air Touring Group's Central European
aircraft sales and engineering business. It will allow Air Touring to fully rationalise the
operations and business of its other wholly owned subsidiary Air Touring GmbH in the Central
European region, particularly for the countries of Germany, Austria and Switzerland.

The results of Socata Deutschland will now be consolidated into the Air Touring Group Plc figures.

-" The synergy benefits of our rationalised German operations will enhance shareholder value of the
Air Touring Group for the future. It would also allow us to scale up our aircraft marketing
presence and increase the aircraft sales footprint of Air Touring in Europe."
-Michael Pearce, CEO, Air Touring Group Plc

The Directors of the issuer accept responsibility for this announcement.
Enquiries:

Michael Pearce
Chief Executive
Air Touring Group Plc
Tel: 01959 579 710

Duncan Vasey
St Helens Capital Plc
Tel: 0207 628 5582

Katie Dale
Head of Financial PR/IR
Golley Slater
Tel: 0121 236 9743
Mobile: 07918 716 754



Notes:

Socata Deutschland is an aircraft and parts sales and engineering company based in Siegen, near
Frankfurt, Germany. It represents a number of aircraft and aviation component OEMs in the
countries of Germany, Austria and Switzerland. For more information, please visit www.socata.de

Air Touring Ltd is a wholly-owned UK subsidiary of Air Touring Group plc based in Biggin Hill,
Kent. It is an aircraft and parts sales, and engineering and design company. It represents a
number of aircraft and aviation component OEMs for the UK and the Republic of Ireland. For more
information, please visit www.airtouring.com

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